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How can we minimize the affect of non US currency?"
This question was posed to DXinOne with the following reply.
Even though the DXG is pegged with the USD the DXG does in fact float independently and although it may not increase in 24 hours at the same rate as some currencies alter, over several weeks this will overcome any negetivity. As each EOS provides a 'new' increased value to the TDV for all portfolios this increase may not quite be as much as a currency fluctuation of some currencies. Because DXG in itself continues to steadily increase from activity within the DXSystem this forms its own economy and currency value (DXG), which as we have mentioned moves in a positive direction as against other currencies that can move in both directions. A portfolio can still be profitable even while showing a negative value in some or all Symbols and even with the 'DXPORTFOLIO TOTAL PROFIT'. The initial funds a operator places in a portfolio can be fully withdrawn via DXDebit plus more profit even while the portfolio is showing negative values. This is because the Credit Line still buffers the currency changes and charges from the OA Admin fees, premiums etc. and the 'red' values are only DXPortfolio's profit and this will be different to the operators 'personal' profit. What this means is that a portfolio is carried by GDT with costs being placed in the Credit Line and OA fees can be paid from various options such as DXDebit, Reserve Balance or Available Balance which is from profits provided to the portfolio to help operate it. A DXPortfolio is a credit system and storage service and now with the addition to the currencies this changes little with what has been happening for several years with the system. If a portfolio operator tries to counter the change of currencies they may as well place their funds in a gold backed payment service and try to counter the fluctuation of gold, which as you will probably realise is a costly exercise. In summary a DXPortfolio should be seen in the longer term rather than in a short time and by following a strategy of if building the Digot asset base one should expect to see a negative while the base is building. Once an operator content with the TDV they should allow the growth to build before setting another target.
We hope we have been of assistance, if you have any further questions or queries please don't hesitate to reply.
With Regards, The DXSupport Team
What can we get out of this? First, The DX Portfolio profit is not the same as the operators profit. I have seen a negative portfolio profit with an increasing DXdebit available. Second, limiting yourself to one currency or any other strategy to offset exchange fees is futile.
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