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RE: What I'm Doing To Mitigate My Downside Risk (NuBits)
No, not going to hold any of these pegs because the USD and other FIAT is inflationary so you are guaranteed to lose 3 -4 % each year in spending power, on top of that when the Peg breaks down the coin can go to zero. SBD has gone the other way but if it can't control one side, how can it control the other? Who knows what will happen to Tether. If there is a stable coin and I can predict when markets will fall (should have predicted this bear market in fairness, I didn't), then it would be worth sticking it in a pegged coin or just cash out and pay the tax.
I don't know if you have heard of the SDR which is a basket of currencies, it's probably good to hodl a basket of crypto.
I hear you on the inflation situation with the FIAT but I only plan on being in this for a short period and as fast as this is falling it is better than losing another 50% or so. I think I'm going to convert some more to NuBits but never sell completely out of the positions and in a few days reassess the situation and get back in my positions and even strengthen my positions.
I'm not sure if I heard about SDR or another one that is a basket of them. But I agree. Being well diversified is how I like to be. I'm not into @jerrybanfield 's strategy of going all in on one coin.
He's still done well but it was a risky strategy. SDR is a basket of FIAT, they should have included gold too and maybe some crypto for good measure. I will look more into Nubits