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I don't think you can sell traditional investments like stocks in seconds unless it is within designated trading hours. Crypto you can trade 24/7, although fia
by hackingforfun 5y ago
I don't think you can sell traditional investments like stocks in seconds unless it is within designated trading hours. Crypto you can trade 24/7, although fiat wires out to traditional bank accounts still operate within certain hours (at least in the US, maybe this is different elsewhere). I still hold a small amount of my portfolio in USD, even considering inflation, but this is because it's less volatile than crypto, and I think holding actual cash is better than holding a stablecoin.
- deleted 5y ago[deleted]
- arcticbull 5y agoStablecoins have counter-party risk. USDT is run by folks under investigation by the DOJ for bank fraud and was at various times not actually backed (sometimes by anything). And the scuttlebutt is USDC is currently under investigation by the SEC. [1] [1] https://ca.finance.yahoo.com/news/public-filing-from-crypto-company-circle-reveals-ongoing-sec-investigation-134752992.html https://ca.finance.yahoo.com/news/public-filing-from-crypto-...
- hackingforfun 5y agoI agree. I intentionally don't hold stablecoins. As I mentioned I'd rather hold actual cash. One nice thing about stablecoins is they can be transferred around the world 24/7, and there are various high APRs for lending out stablecoins (not without risk, of course, there's nothing like FDIC insurance on those). Anyway, I'm surprised how much trust the crypto community puts in Tether.