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The trouble with CDN is that (despite the recent bounce ) it is on a downward trajectory against USD. Holding it is a losing proposition. I bought some more BTC the other day just to take advantage of what I guessed to be a CDN high mark. So far so good. That BTC is easily and quickly tradable for XMR or USD for very reasonable fees, compared to CDN in the legacy banking system. Days and days to transfer with many times higher fees. WTF. Might as well courier bullion. CDN limit buy BTC right at market, then after a couple dollar rise (typically within a few hours) to more than cover fees, into USD where it can more safely wait for an entry point that I like. Covoluted, but I dislike losing 1% overnight holding CDN just because oil dropped 50 cents.
You mean CAD. For someone in Canada I would argue that holding CAD can make sense over USD, especially if the idea is to hedge a significant XMR position. My take is that the over the medium to long term the fundamentals of the Canadian economy are stronger than those of the US economy, the Canadian banking system has historically been safer than the US banking system and last but not least CAD does not have the loss of reserve currency status risks associated with USD. When holding gold was made illegal in the United States in the 1930's many Americans kept their gold in Canada. The social and political risks can also be lower in Canada that in the United States.
As for XBT when it takes a day to get one confirmation from the Bitcoin network, as has recently been the case, the legacy fiat banking system actually becomes competitive,
Ultimately this is about one's comfort level. My comfort level is stronger with the smaller currencies, XMR and CAD than with the larger currencies XBT and USD.
Edit: I am not interested in day trading here but rather in holding over the medium to long term.