My strategy now is the $10 strategy every week.
$10 in Bitcoin.
$10 in Monero.
$10 in Z-Cash.
$10 in Gold(backs).
$10 in savings.
It provides me liquidity, and protects my purchasing power over time.
Discussion
Looking historically zcash is probably gonna flop. Nobody trusts it
Agreed. Zcash does not belong on that list.
I think it might be better to up the amount to $20 for fees in case you have to mix your coins if you buy them using KYC/AML.
I'm doing $10/week.
I'm not going to withdraw every week, I know take your coins off the exchange, etc.
I'll probably let it go up to ~$100 to $500 then withdrawal.
Monero I will just swap into from Litecoin, Z-Cash, or BTC.
The litecoin group on #SimpleX is pretty good.
Just buy all monero from usdt or usdc on a crypto exchange and then swap irregularly into the btc and zec-sheilded. Dont let the exchanges bully you into using transparent zec
I literally only use ZEC for Chiptole Burritos.
I don't care if The Feds know that I bought it.
It usually goes out as soon as the moment I buy it.
But given this recent pump I might have to save some for the future so I can afford more burritos in the future.
Also Zashi shields by default before being able to spend.
Privacy doesn't matter cuz i have nothin to hide? Its the principal brother
I use Monero for stuff that I do need to hide but then again I just do under the table P2P gray market stuff.
I don't buy illegal stuff, I just hate taxes.
I agree privacy matters but for me, I'm trying my best to normalize privacy.
I'm making the sacrifice to normalize privacy so others don't have to.
Do you think the powers at be care more about you buying drugs which where historically distributed by the cia or not supporting their system by not paying tax? Whats the worse offense
Just in case you have need for this
My actually strategy is more complex than that but that's the basic outline of what I'm doing.
Focusing on Retirement, and building some fiat liquidity, so I can buy dips, and keep myself afloat during emergencies, etc. without having to liquidate, or borrow against Bitcoin, etc.
Why "savings?" Put that last $10 in silver or doggie coin or weed or a local charity or a hole in the ground, not the bank
Doge much like Ethereum has been at the same price since forever.
I’d rather swap for something with either utility/value, or reliable gain.
Doggie unlike ethereum is up much more than Bitcoin or any other asset on the market since it was created
Doggie coin also has utility as the current best coin for public payments except arguably Monero with a published viewkey (I just think Monero is better for trying to have privacy)
That's a pretty even split you got there. Personally I prefer larger allocations on Bitcoin and smaller ones on other things and I'd scrap the last one. Add that to the top!
If I had more money, I’d allocate differently but since I’m broke, I feel like hedging is the smart thing to do.
Unfortunately, I have to stay liquid in fiat, even though I don’t want to.
I’ve had too many situations where I’ve needed Fiat Liquidity, and I had to sell, ask my parents, or just put a thumb up my ass, and suffer, no credit cards right now.
I hear you and by no means am I trying to make suggestions on what YOU should do with YOUR money. But let me add that I've done the diversification thing in the past and it was - mostly - not a good choice. So diversify all you like but don't spread yourself to wide.
Zcash does not belong on this list.
The one year chart begs to differ.
I'm not defending it but the technology has utility, it would be better if something like Zclassic had the traction though.
Then I would have no choice but to be bullish.
https://coinmarketcap.com/currencies/zcash/
A premine/founder tax/whatever automatically should strike coins off of the list, but that is my opinion
They reduced the dev tax, and coming up soon it's set to expire on November 23, 2025.
Going forward the dev fee will be removed unless another proposal is added.
If it happened, it is too late imo.
No, I definitely agree that all the Dev Fees, Founder Rewards, etc. Is what's ruined the zk-snarks ecosystem.
Pirate/ARRR, and Z-cash suck because of that.
I think Zclassic is a good implementation but unfortunately has little to no traction, so for now Z-cash has the zk-snarks momentum until an organic coin version of Z-cash like Bitcoin, and Monero replaces it hopefully.
I agree.
Add to that list that Binance delisted any ZEC tx that ever touched a shielded pool and you know that this is meant to distract and rug.
Transparent ZEC is just BTC with a 20% dev tax. Lol.
This is the work of strategists that are trying to exploit weaknesses in people's perceptions.
A higher bitcoin allocation will protect your purchasing power better than anything. If you plan to stay in longer than 2-3yrs.
As unbelievable as it is we are in 2021 range when measured in gold. All paper gainz since 2021 basically flat if measured in gold.
I doubt that. I bet Monero will protect my wealth much better, especially if we see a bear market in that time frame.
How are you calculating that? Monero is down >50% against BTC over the last 5years
i also would fold one of the privacy coins
but maybe you know better
30 in shitcoins and 20 in fiat?
HFSP ™
I'd do $50 on red