The liquidity is almost entirely on the Bitcoin side now. Who's dumping Bitcoin for altcoins?
I often look at volumes/reserves. It's common to see XMR (and LTC in a lesser degree) at 0 while BTC is available.
Personally I understand why people trade BTC for XMR, as since last year I'm one of those who reduce continuously their BTC bag and increase their XMR one over time.
The problem with that strategy is that XMR is not the same as bitcoin fundamentally. Its performance has been considerable worse over time, and you will probably lose money over the years...
Are you only using EXCH? Because I believe we should use multiple tools for privacy reasons. Am I wrong?
Yeah I only use eXch, but I only use the service for my "liquidities". For example the
BTC I earn here, or when someone pays me with altcoin; I always swap them to XMR first, no matter if I want to keep
BTC.
You're right, I should probably use some other services, but I haven't found a better one for now. I am not worried about it, as I use Tor, internet data not under my name, and I believe eXch when they say they don't keep logs.
On the other hand, for the
BTC I HODL for the long term (I mean for my old days), I don't want them to be linked to any online service/exchange. I prefer only hodl what I am mining myself. Who knows, maybe X or Y service could be categorized "non-compliant" in the future and some coins could be tainted (scenario easy to imagine with USDT/USDC for example). I am probably over-paranoid, but I have the feeling that the futures regulations in general will give a disadvantage for people using some privacy-friendly services today or in the past.
I think exch.cx and similar are way cheaper than mixers. People might be using it for privacy too.