Hi all,
it's my first post here. I realy like the idea behind the smart coins. Is there any interest or maybe ongoing work on smart coins tracking the price/performance of an ETF? I think it could help to reach higher portfolio diversification. What do you think?
Thanks
There's the Bittwenty, which acts like an ETF for the top 20 cryptocurrencies:
http://bittwenty.com/
Such suggestion is raised once in a while, and a lot of people show interest in ETF traking smartcoins. The problem that hardly any ETF can outperform crypto. If you want to peg a smart coin to ETF, this should be some killer ETF, which at least outperforms USD, GOLD and SILVER.
Quote from: yvv on December 17, 2017, 07:55:05 PM
Such suggestion is raised once in a while, and a lot of people show interest in ETF traking smartcoins. The problem that hardly any ETF can outperform crypto. If you want to peg a smart coin to ETF, this should be some killer ETF, which at least outperforms USD, GOLD and SILVER.
I agree. That is why I would perhaps suggest using the 3x ETFs which allow for higher risk.
Quote from: yvv on December 17, 2017, 07:55:05 PM
Such suggestion is raised once in a while, and a lot of people show interest in ETF traking smartcoins. The problem that hardly any ETF can outperform crypto. If you want to peg a smart coin to ETF, this should be some killer ETF, which at least outperforms USD, GOLD and SILVER.
I agree that no "legacy" equity or fixed income based ETF can outperform cryptos. But USD pegged smartcoins can't do it too and and BitUSD has a market cap of almost $27M. So we speak about price stability and low volatility. I think at this point it's interesting to have an ability to move some assets from 0-Risk & 0-Performance zone to an smartcoin with low volatility and long term return higher than the inflation rate.
Quote from: mrSmall on January 05, 2018, 12:51:34 PM
Quote from: yvv on December 17, 2017, 07:55:05 PM
Such suggestion is raised once in a while, and a lot of people show interest in ETF traking smartcoins. The problem that hardly any ETF can outperform crypto. If you want to peg a smart coin to ETF, this should be some killer ETF, which at least outperforms USD, GOLD and SILVER.
I agree that no "legacy" equity or fixed income based ETF can outperform cryptos. But USD pegged smartcoins can't do it too and and BitUSD has a market cap of almost $27M. So we speak about price stability and low volatility. I think at this point it's interesting to have an ability to move some assets from 0-Risk & 0-Performance zone to an smartcoin with low volatility and long term return higher than the inflation rate.
That would make sense. Why not?