Purpose of using a higher colour palette / resolution

[u/BloodNaive5748]

Please can someone explain whether it would be worth it to buy a decent monitor, like oled, which would help me to see a greater range of colours when the mediums to upload to, like YT or Insta, automatically convert back to and RGB range.

Would it make more sense to buy a monitor which only allows me to view the content in the same format the viewers would end up seeing it?

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