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Maybe if/when crypto prices actually stabilize.
It's not going to rise or fall that much in such a short amount of time. That's for sure. With Monero, I generally prefer to use the 365-day simple moving average, and I found that normally it fluctuates within about 6% of that level. So that's not a terrible fluctuation in either direction. Actually, if you have the money and patience, it would be a really good swing trade. Buy Monero when it is like 6% below the 365 day simple moving average. Wait for it to climb 6% above and then sell it all and do it again. But as I said, you would definitely need time because those swings can take several months.
Even if it does stabilize/is stable enough that the world shifts to it, what an interesting factoid that early adopters (who were lucky enough to pick the "right" crypto) would stand to benefit more than others.
Sheesh. At least you stopped shilling this crap on gonewild
It actually works very well in those kinds of situations. People like that are constantly getting booted from the banking system and financial services. So crypto is a very good fit for that. Some of the very first people to use Bitcoin back in like 2010 and 2011 was WikiLeaks. After they were cut off from the Visa network, they were cut off from PayPal and other money transfer businesses and they were cut off from their bank accounts and they would have shut down had it not been for the funding they got through Bitcoin. There are a few industries that are perfectly legal that are just morally dubious to some people and therefore get kicked out of the banking system quite easily. Take a look at Operation Choke Point and Operation Choke Point 2.0.
I'm sure this will all be very convincing to get your average people to replace their existing bank account with that
You could take a look at the bank bail-ins in Cyprus in like 2013, where anybody with over $100,000 worth of assets had all their money taken from them by this Cyprus government in order to stabilize the banks. How would you feel if the equivalent of your 401k that you were relying on for retirement was just taken away to stabilize a failing bank? Sure, because your money helped stabilize the bank, you get stock in the bank. But who on earth would want stock in a just failed bank?
I have less than zero interest in trading crypto. I think it's all a net negative for the world with only dubious utility. The utility may improve, and something like monero may be what brings me on board, but I'm not there yet.
Fair enough, it definitely takes some getting used to.