Hi guys, I’m using localmonero to buy XMR and cakewallet to keep my coins. My idea is to have those XMR accessible when the time comes, for example if I want to purchase something and the seller accepts Monero. The thing is I would like to have those XMR “frozen” until the situation comes without being exposed to coin prices changes. I was thinking to keep USDT, and when I need to buy something with XMR, just convert it and use that specific amount. Maybe is not the point of Monero itself. Is this approach the best option? What would be your recommendations? Thank you!
What happened the other way if XHV went up in value? You’d only get 5 back? Interesting idea.
Correct.
In my opinion it was an awesome idea. The price of XHV tanked after the last bubble, and too often were there major changes inside the ecosystem. It was an internal crypto safe-haven.