this post was submitted on 05 Feb 2024
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I agree that money is what people say money is, but if it's too volatile, it may still be a good asset, but bad currency.
I use Monero, which moves about 15% from its one year simple moving average before reverting. And while that is quite a large move for somebody from the United States, for people from other countries that is not a very bad move, but I do see your point. I base my expenses off of the one-year moving average and save some for when the price is below that and I need to use a little extra.