Crypto Portfolio - Thursday Stablecoins Blogging

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Stable coins are trending and they are more popular than ever... I have to admit that I have decided to get some 2-3 years ago when we were in a long bear market for almost two years... In those moments, I wasn't liquid at all, and all my assets were in crypto, but crypto-crypto, not stable coins... When that happened, I said to myself that I will play it differently when the bull market comes... I will get some stable coins and keep them for "bad days"...

I said already a couple of times that I don't believe in stable coins as they are like a continuation of the same thing that we have with fiat currencies... But, they are needed as a "patch", or a bridge in the crypto bear markets... Thinking back in the past, there weren't too many options where to go... We had USDT and maybe HBD, and that's it... Defi wasn't near where it is today...


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In some weird way, if we want to be conspiracy theorists, all that happened could be looked at as a perfect "set-up"... With blooming Defi projects, the door for stable coins got wide opened... New stablecoins started to grow like mushrooms, and APR on staking/pooling went up month by month... The last big one was UST with a whopping 19.5%, we have HBD with 20% in HIVE savings, and pHBD farming with over 40%...

Somehow, I have a feeling that we will soon have an "official digital dollar" where we will have also some kind of APR... Banks will come into the "blockchain" (which will probably be just a large DB) and take over the game... and kick us back 20 years in the past... Cooking the frog slowly that it doesn't realize that it's cooked at the end...


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It's easier to "understand" crypto and blockchain if you have a coin named by fiat currency... It's easier to accumulate them when the price is "stable" (this is very relative)... It's less risky as there is no volatility... In general, it's comfier...

Like I said in the beginning, stablecoins are a necessary evil that we need in certain moments, but do we really want to prioritize them over real cryptocurrencies? Do we really want to get back into money printing, chasing an inflation economy, and leaving our freedom to others?

Crypto portfolio with over 50% in stablecoins, ISN'T A CRYPTO PORTFOLIO...

DISCLAIMER: This isn't financial advice and these are just my thoughts about this topic... Do your own research and make your own decisions...

Thank you for your valuable time,

~ph~

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I think it depends but I would have to agree that it isn't a real crypto portfolio. However, I don't really think it's a bad thing because that is the only way for normal people outside the space to know how much crypto is worth. If the stablecoins were to disappear, it would probably cause huge chaos.

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Completely agree with you about that... Like I said in the post, I was in big trouble 3-4 years ago as I wasn't in any stablecoins at that time... Today, I'm playing it differently by having 5-10% of my portfolio in stables...

!WINE

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Cash is trash and so are 98% cryptos. Stablecoins has its use case. It can act as a bridge between crypto and fiat gateway.

We need to be prepared for the bear market where your crypto portfolio goes way down. You can get more cryptos with Stablecoins at that time. I think you can use Stablecoins as a part of your strategy to invest more in cryptocurrency and exist in time.

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"Cash is trash" - I like that! :)

Agree with most that you said as that's why I have some stablecoins in my portfolio... But, I try to have majority in those 2% of good cryptos :)

!PIZZA

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Crypto portfolio with over 50% in stablecoins, ISN'T A CRYPTO PORTFOLIO...

I agree! It's piggy-pegging on the high interest rates in crypto for stable coins, but not really supporting crypto.

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Yeah... I mean, I understand the point of "re-buying" crypto if/when the price goes down, but that's just an unnecessary risk from my point of view... But, HODLing stablecoins are almost the same as keeping fiat currency in the bank...
Real cryptocurrencies can change lives! USD/EUR not

!WINE

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