Bitcoin Forum

I'm looking to store my cryptos at the moment and I need somewhere to put them.
Any suggestions?

I would argue when it comes down to it a lot of coins are assets. The token/coin represents an application on a network of computers. Let's take Ethereum for example. You can use the network to enact contracts thus creating real world value. You can send code to the network to be able to be accessed and have functions called upon from anywhere in the world. This has value to me and takes ether to do, so ether is an asset that will eventually be backed by the usefulness of the Ethereum network. There are a lot of utility tokens as well, for example golem which price will be backed by the usefulness of the golem supercomputer.

Don't think so but then again those aren't the kind of coins I look for. Being candor I have heard about some gold backed and diamond backed coins but I don't know exactly how those ICOs fared and you would think if they did well you would hear about them now. Perhaps not the best idea in crypto...

Certain coins are just scams and - more or less - useless. However, if you have other altcoins such as Dash, Ripple, Litecoin, Dogecoin, etc.., there are usually several ways to convert to ETH or BTC. Poloniex, GateHub, GDAX, amongst others are all solid means of doing so. And if you had another type of currency not supported on these platforms, why not just liquidate it for cash, and invest that cash into whichever currency you had in mind? Percentage fees are usually very small, and this gives you freedom and flexibility to put the money wherever you want it.

Best of luck!

Get fiat, there is no other way, I have seen several projects that claimed to be backed by gold or diamonds and at the end everything was a scam, the only coin that is supposedly baked by something and that has being successful is tether but there are many suspicions in the community that tether is not a good project so you are better just turning your coins to fiat if you want to be sure to retain its purchasing power.

It would be great with a crypto backed by gold!

In my opinion acquiring Fiat is the best way and the most reliable, exchanging a digital currency for gold, diamond, among others, has to exist many regulations and laws is very bureaucratic just thinking, I believe it may facilitate, but I still do not trust these projects proposing this type of benefit.

Well if you ask me,cryptocurrencies are being backuped by USD which is being backuped by gold,the safest way to store your asset is to convert it in USD so there will no fluctuations in its price,because cryptocurrencies are too volatile.

İ thing Waves. There are studies in this regard. As a result of the money you have to pay in real life

There is going to be such a coin, and it is backed by none other than the UK's Royal Mint!

I think this will be a good stablecoin, as long as the demand does not exceed the limited supply of gold they have in the vault. Otherwise that will skew the coin price away from spot gold prices.

https://www.cryptoinfomag.com/2018/02/01/the-gold-standard-is-back/

Some ICO's are backed by actual businesses. You'll need to do due diligence yourself to find out which though. Some of these busineses are fake. Others are real, you'll need to go through profit and loss accounts to work out which one is which.

I believe there is none. There are some who tried and deceive the investor to scam them but this  ICO suddenly disappeared. I believe it is possible but i think this is not the perfect time to make an ICO like that since there are too many pressure not only in government sector but also in business because there are many who will get out of business if they will not adopt blockchain technology.

I took part in Polybius a year ago. This is a real bank. It has all the documents permitting. This is almost a legitimate legal project. BUT, one big BUT. They have not launched their project for a year. The price fell from the cost of ICO 3 times. This project is backed by real money and a real bank. So what? This did not bring me any income.

You only have two real options, if you believe the coin is not making any progress then it could be a good idea to cut your losses and sell and invest in other coins, you will lose money but if you think the project is going nowhere that could be an option, now if you still believe in the project this could be a good opportunity to buy more coins so you get even greater benefits in the future.

I think USDT is the one you are looking for?

They said that USDT is backed up by real dollars by the ratio of 1:1.

Main steam adoption is far away.. until stability not come. Stability not come until Crypto community not getting fear by seeing Red market.

Most of the coins that we currently come across are either scam with huge premine or it is designed only for trading. There is one coin which I have come across which has real-life usage and that's "Worms". There is an actual product behind this project and once can visit https://healthyworm.com/ to gather more information about it.

The good part is this is also a POS coin which means you can stake it and earn rewards.

USDT is currently in the center of audit scandal. They claim that they backed any USDT with a real USD, but there is no evidence of this fact. I suppose it's one of the main big dump causes.

Not exactly bur some stable coins has applications to the whole network just like etheum,ethereum's platform is being used by most of the new altcoins to develope their own cryptocurrencies does it has any use in real world?No but it has use in the cryprocurrency network.

If the crypto currency is backed by real values then it will lose its decentralization. You should be wary of coins the developers of which say that this coin is supported by real values. If you want to fix your capital cash out to USD. This is reliable during the fall of the crypto market.

Put your money in silver or gold. Gold and silver are a store of wealth that has gradually appreciated through time, that's a truth.

If I was looking for a store of wealth crypto speaking, it would be one of the big boys. Bitcoin/Ethereum would be my choice.

A cryptocurrency backed by something like dollars, gold, silver diamonds or something else stops begin decentralized at that point and its value is not derived from the network but from the stuff backing it, so it is a coin that will be forever limited by the amount of assets the devs can get to back the coin, so its possible applications will be very limited.

https://www.goldmint.io/

and coming soon = https://rmg.royalmint.com/

I think there are lots of stable coins backed by real world assets. I think one of them is Ripple (XRP) which is backed by banks across the globe. But i don't think Ripple can be a stable crypto in the coming years because as i can remember, this currency took ETH's place in market capitalization but it didn't last any longer as it plummets its market price.

I don't think any coin you can get like this because personally I don't think every coin stop himself or have constant value for long-term .
But still you can try direct Fiat that is USD ( dollers ) at exchange  , and I don't think anything can be more better than what doller is option , with doller you can stop your profit as well as loss , so choose this oke best .
Beside to use doller you can use ripple coin also because ripple currently is down much by price and also after investment may be you can make big earnings also , overall chances to make profit to have your all altcoins in ripple is better option otherwise your earnings will remain atleast constant .

I dont think there are. Maybe some tried to push through some projects that are in form of scam have their sweet talking websites later on when everything is done and baited the ICO vanishes. On the other hand if it will be pushed through like this it an be possible but it is still way too complicated. Maybe another set of system will be created for this kind of set up and at the same time new set of blockchain technology that can easily adapt the payments and collaterals of assets.

I agree what is the point of investing in a cryptocurrency backed by gold if you can buy gold directly, this is the same as those that buy gold certificates, they might as well get the real thing, so while bitcoin is often compared to gold the truth is that their nature is very different and do not mix well, so lets keep gold and other assets separated from the blockchain.