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.

Replies (39)

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.
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.
kyle-moore's avatar
kyle-moore 3 months ago
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.
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.
kyle-moore's avatar
kyle-moore 3 months ago
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
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)
Doggie coin is ThE rEaL StOrE oF VaLuE. It really is. But in the end it only matters what provides long-term stability (and not speculation) because it is used for real life transactions.
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.
unknown's avatar
unknown 3 months ago
A higher bitcoin allocation will protect your purchasing power better than anything. If you plan to stay in longer than 2-3yrs.
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.
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.
Intelligence community and central bankers are pumping your bags. Enjoy. They don't see any other way to distract the normies from Monero.
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.
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Zcash has a devtax It has a company funded by US and Israel intelligence community. It doesn't get more easy for the state to influence the code Zooko stated he believes they can it make compliant. So privacy for plebs from other plebs, but no privacy for "criminals" vs the state It started with a trusted setup IP's are not protected even for z tx -> can be fixed 90% of all tx are still unshielded Supply is controlled by big funds like DCG Zashi has privacy shortcomings (protocol vs wallet privacy) -> can be fixed It's still listed in CEX which makes it easy to pump and dump (naked short) It scales worse than Monero Zcash has 0 real world adoption outside of speculation by big funds Zcash has some heavy hitters (influencers) close to intelligence community that only ever talk about Zcash over Monero like Snowden or Naval Zcash has a spam problem It has not contributed one bit to P2P markets or adoption Zcash has the same supply curve as BTC lacking tail emission for long term security It plans to move to PoS, which hands even more control to the handlers and arguable doesn't make it good money Just until last week one pool ram 75% of all hashes until the realised that it isn't the best marketing especially if criticng Monero for their 38% miner selfish mining attack, sold as as 51% attack. Since then they split between two pools to make hash centralisation less obvious. This list is largely incomplete. I am not interested in a company run project over grassroots Monero. On the pro side It has contributed a good amount to research It has good privacy for those who know how to use it It has benefited other projects like Ethereum and Monero Competition is good I would definitely use Zcash over Bitcoin. I would use it to cash out where Monero is not available if I ever would need to go back to fiat (unlikely).
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Without tax dollars for the CIA their drug empire will also fall. Free market dynamic will simply render the CIA irrelevant in the drug market.
I doubt that. I bet Monero will protect my wealth much better, especially if we see a bear market in that time frame.
unknown's avatar
unknown 3 months ago
How are you calculating that? Monero is down >50% against BTC over the last 5years
You said the next 2-3 years! Then I said, yes in the next 2-3 years! Now you arbitrarily bring up the last 5 years. How was past performance ever an indicator for the future? My take on XMR vs BTC Last 10 years up Last 5 years down Last 2 years stable Next 2-3 years up
I am in BTC for 15 years. You tell me water is wet. I tell you Monero will be the (much) better play in the near future.
I like the bottoming pattern on a linear chart that doesn't even show the full picture. Monero is almost 12 years in.
S!ayer's avatar
S!ayer 3 months ago
30 in shitcoins and 20 in fiat? HFSP ™ I'd do $50 on red