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RE: PermaCryptoFolio FLIPPER portfolio - Monero XMR replaced Stellar Lumen XLM & Full Rebalancing of NEMO and ARIELLE portfolios triggered

in #money8 years ago

Great post - following!
I have one comment - USDT is not cash. Period. There is no obligation for anyone to exchange those for their "collateralized" USD counterparts. See one of my older posts for some more info as to why I wouldn't keep my money there. SBD is okay but you probably want to cash that out before it returns to the peg. If you want cash go get cash:)

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I know that USDT is not cash, only a peg. But I need pegged coins to hold funds in a "cash-"equivalent.

How much of your funds do you need to hold in pegged coins? I would go with bitUSD before I put any significant capital into a pegged asset. At least that is decenteralized in its collaterization. USDT is centeralized sketch.

I hold one third of portfolio value in "cash"-positions.

BitUSD maybe theoretical a real cash position, but practically I need this cash on bittrex and poloniex for trades. As long I can not transfer bitUSD directly to bittrex/poloniex or tokens like stratis are not traded on bitshares the bitUSD is not a option for my experiment.

Well all I'll say is wow. That is a lot of fiat.