/biz/ - Business & Finance

>>58831760
>It is not moving anywhere except sideways.

Excellent. Low volatility is ideal for doing business.

>>58122441
>How will I cash out in the future?

Assume you will never be able to cash out large sums into your bank account.

But you should be able to cash out large sums into actual cash through darknet off-ramping services using dead drops. This technique was pioneered by Hydra Market, basically works like this:

1. Set up a deal with cash seller in your region
2. You send say $50K worth of XMR to a trusted 3rd party escrow (multisig, of course)
3. Counter-party drives to secluded area, buries $50K in cash, notes the GPS coordinates
4. Counter-party drives back home, sends you the GPS coordinates.
5. You drive to secluded area and dig up the cash
6. Once satisfied everything is kosher, you release the XMR

Both parties have an incentive to be honest because its the only way to maintain a positive reputation and guarantee repeat business.

So, yeah, don't expect to be able to directly buy a house or car with your XMR gains if privacy coins are effectively outlawed. You might be able to indirectly with a straw purchase that is then gifted to you, but that may incur additional taxes. In any case, you can always rent both for cash, which may actually be preferable for some.

Regular crypto wouldn't be worth much in such a scenario, anything tolerated by the State would invariably be compliance-cucked beyond belief and thus pointless i.e. worthless.

Ideally, though, you'd never even need to cash out if most/all of your needs could be met using only XMR and various concierge services.

>>58052450
>Need more agorist monerochans.

Agreed.