I recently put money towards monero for the first time. I used localmonero so my cash is still in the mail, but I'm not quite sure what I'm gonna do with it once I actually get it because of the huge value losses. Should I spend it immediately so that it doesn't lose much value in my possession? Should I wait until the value stabilizes to buy anything? Thanks for any advice.
If you look at the trends of almost all the top cryptocurrencies, they've all taken a dive lately. Heck even the Dow Jones has plummeted recently. Not sure if they're all related or what the exact cause of this sudden crash is, but I'm sure things will rebound like usual. Maybe just hold on to them for a bit before using them.