#Monero Community - do you just convert btc to Monero when you want to spend - like pocket change or is there the Hodl metality? 1% fiat 99% Monero?
I mean given Moneros tail emissions and limited supply (possible deflationary supply with losts coins) it should rise in price as demand picks up.
Stacking over here
I keep in fiat what I need for fiat expenses for the month with some buffer room (no sense in moving to Monero what I'm going to have to move back soon anyway)
Do you spend Monero often? If you're saving in Bitcoin I would keep a pool of Monero at least large enough to last you for the month/quarter and top it off at the end of that period. Saves you money/time/tedium and it is more effective privacy (in a sense) drawing from a pool rather than say swapping $100 BTC to Monero every time you need to make a $100 Monero payment.
Savings(btc) vs checkings(xmr) model works for most users coming from bitcoin side
Month to month or even quarterly xmr/btc price is too volatile to predict what ill be up or down. It's anyones guess. You can just as easily gain a little money as lose a little money on that time scale. It pretty much evens out if you always do it.
Zoom in on any price chart to see this
I hodl Monero. It has almost the same properties as Bitcoin (little less supply, little less inflation).
If you only convert BTC to XMR once you need it, you need to consider correlation attacks. So if you believe in BTC's store of value narrative keep just enough in Monero for your everyday expenses and top up your wallet once a week/ month for best privacy.
Right on.
I have a set budget for XMR the same way that I have a set budget for BTC. Admittedly, I do spend XMR a bit more compared to BTC but I think that's just because XMR has this really handy Monerica page that makes it easy to find places to spend XMR [1].
