Bitcoin Forum

Economy => Economics => Topic started by: Decoded on November 03, 2015, 05:55:50 AM



Title: What's The Best Currency To Invest In?
Post by: Decoded on November 03, 2015, 05:55:50 AM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?

USD is already quite strong, and people claim that USD is going to bust. Isn't it like investing in a bank? USD just stays the same.

With the recent drop in China's economy, would it be safe to invest in Chinese Yuan? Do you guys think it'll go up?

What about Australian Dollars? It's pretty cheap now, because China's economy dropped. Australia's mining sector is pretty big.

What are your thoughts?


Title: Re: What's The Best Currency To Invest In?
Post by: futurebit640 on November 03, 2015, 06:08:53 AM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?

USD is already quite strong, and people claim that USD is going to bust. Isn't it like investing in a bank? USD just stays the same.

With the recent drop in China's economy, would it be safe to invest in Chinese Yuan? Do you guys think it'll go up?

What about Australian Dollars? It's pretty cheap now, because China's economy dropped. Australia's mining sector is pretty big.

What are your thoughts?

I think chinese Yuan not done yet still they have lot of internal economy issues to solve so it is quite risky to invest in Yuan. Chinese will take any kind of fast decision to make their economy growing so I think still we need to wait and watch on chinese economy. If US fed increase interest rate then USD price will surely fall from current level.

Australian Dollars has came down lot so may be we can bet on it. Yes it depends mostly on exports but still it is better choice than Yuan.


Title: Re: What's The Best Currency To Invest In?
Post by: maku on November 03, 2015, 06:33:58 AM
I would say that the best currencies to invest in the long run are:

1. New Zeland dollar (very stable, and they reformed its tax code to lower rates and increased transparency)
2. Singapore dollar (Sinagpore is becoming new Switzerland, has been the greatest beneficiary of the growth of Asian economies)
3. Norwegian Krone (Norway has the most stable currency in Europe)
4. Korean Won (South Korea has become a manufacturing giant. Their economy is blooming)

 


Title: Re: What's The Best Currency To Invest In?
Post by: HeroCat on November 03, 2015, 03:10:46 PM
If you want to buy at cheap and sale at high, yes there is such a currencies. In let say - 6 months you can expect profit. From another point of view - this is also risky - currencies go up and down, sometimes you do not even know  ;)


Title: Re: What's The Best Currency To Invest In?
Post by: Qusocia on November 03, 2015, 03:43:39 PM
Gold is always reliable  ;)


Title: Re: What's The Best Currency To Invest In?
Post by: n2004al on November 03, 2015, 03:56:37 PM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?

USD is already quite strong, and people claim that USD is going to bust. Isn't it like investing in a bank? USD just stays the same.

With the recent drop in China's economy, would it be safe to invest in Chinese Yuan? Do you guys think it'll go up?

What about Australian Dollars? It's pretty cheap now, because China's economy dropped. Australia's mining sector is pretty big.

What are your thoughts?

I have the same amount in us dollar and bitcoin (approx). Yuan is very immature for me to have reserve on it. I think that us dollar will remain an important currency in the world monetary scene even for to many years to come. My savings in us dollar rewarded me this year giving about 25% more money in my local currency so I have no reason to change or to not believe again on it. As for bitcoin it is another thing. Bitcoin is my love and I want to have as more as can. I cannot buy it because the fee are to high and have no free money for the moment but I will try any kind of way I will find to increase the number of those.


Title: Re: What's The Best Currency To Invest In?
Post by: OrientA on November 03, 2015, 03:58:37 PM
If you think other crypto currencies are also currency, then I think there are two of them. That is still risky though.

The first is Ethereum, it is a currency like bitcoin, but it is also a platform. You can create smart contract on Ethereum.

The second is Monero, a cryptonote based currency. It is anonymous and untraceable.


Title: Re: What's The Best Currency To Invest In?
Post by: koryu on November 03, 2015, 04:17:44 PM
we are currently part of a currency war / competitive devaluation. major currencies go down, cny, eur, yen, usd... interest rates converge to 0. when usd goes up against eur it looks like usd goes up but its just usd going down slower than eur goes down.

usually gold should go up. money is printed heavily but it mainly ends up in the stock market because stocks give dividends and are rising. once stocks crash people will run into gold.

once people realize that less gold exists as supposed on papers and that they cant transfer gold in an digital way, they will finally realize that bitcoin is the new digital gold/store of value.

thats my theory ^_^


Title: Re: What's The Best Currency To Invest In?
Post by: Amph on November 03, 2015, 05:25:39 PM
Gold is always reliable  ;)

this, i would choose gold, if i cannot choose cryptocoin, everything else is just me, especially fiat, i'm here because i hate fiat and you want me to choose which one i should invest in, no way....


Title: Re: What's The Best Currency To Invest In?
Post by: pereira4 on November 03, 2015, 06:25:57 PM
Honestly there isn't anything worth investing at. Of course you can always gamble and think, let's put some money on RUB (Russian Rubble) and hope that it goes up.. but that's about it. It's way more exciting to be part of the Bitcoin revolution by owning Bitcoin, than owning some deprecating fiat currency in hopes it goes up by a small %.


Title: Re: What's The Best Currency To Invest In?
Post by: eternalgloom on November 03, 2015, 06:30:11 PM
Honestly there isn't anything worth investing at. Of course you can always gamble and think, let's put some money on RUB (Russian Rubble) and hope that it goes up.. but that's about it. It's way more exciting to be part of the Bitcoin revolution by owning Bitcoin, than owning some deprecating fiat currency in hopes it goes up by a small %.
I honestly think Russian Rubble would be one of the worst investments atm, their economy isn't doing too great either.


Title: Re: What's The Best Currency To Invest In?
Post by: Lasergun on November 03, 2015, 09:43:14 PM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?


I think profitwise can be only altcoins now. When bitcoin price will fall again, they will start rising... I commenced to buy some from main ones.


Title: Re: What's The Best Currency To Invest In?
Post by: Luqman on November 04, 2015, 03:11:25 AM
Buy any good altcoin in the deep, because people will dump their coin just to convert to BTC


Title: Re: What's The Best Currency To Invest In?
Post by: OrientA on November 04, 2015, 08:44:12 AM
Buy any good altcoin in the deep, because people will dump their coin just to convert to BTC

That could be the case for the time being. The bitcoin price is rising, the price of other coins is stable or drop slightly in fiat terms.

When bitcoin price is very high, people will find the cheap altcoins, they will buy the altcoin. During the last bubble, the litecoin price rose for $1 to $48.


Title: Re: What's The Best Currency To Invest In?
Post by: marcus1986 on November 04, 2015, 04:38:51 PM
I think it's gold!


Title: Re: What's The Best Currency To Invest In?
Post by: quad588 on November 05, 2015, 12:27:18 AM
Chinese Yuan when it is in a trough is by far a good investment.


Title: Re: What's The Best Currency To Invest In?
Post by: Hugroll on November 05, 2015, 12:51:38 AM
Hey guys, I've been watching bitcoin, along with other currencies rise and fall. This has gotten me thinking. What non-bitcoin currency would you prefer to invest in, profitwise?

USD is already quite strong, and people claim that USD is going to bust. Isn't it like investing in a bank? USD just stays the same.

With the recent drop in China's economy, would it be safe to invest in Chinese Yuan? Do you guys think it'll go up?

What about Australian Dollars? It's pretty cheap now, because China's economy dropped. Australia's mining sector is pretty big.

What are your thoughts?
I've never heard of people investing in Fiat currencies. bitcoin seems acceptable because the price is volatile. but local currencies on the other hand seem really static, but if i had to guess id say the canadian dollar. its pretty down right now compared to the U.S dollar


Title: Re: What's The Best Currency To Invest In?
Post by: Snorek on November 05, 2015, 01:23:03 AM
I've never heard of people investing in Fiat currencies. bitcoin seems acceptable because the price is volatile. but local currencies on the other hand seem really static, but if i had to guess id say the canadian dollar. its pretty down right now compared to the U.S dollar

If you never heard of Forex before, there is some things you need to know - there is no 'static' currency on our planet.
Currency exchange market is the place where world currencies are traded all the time. The market is occupied by traders who bet on movements of currencies relative to each other.



Title: Re: What's The Best Currency To Invest In?
Post by: roadbits on November 05, 2015, 03:29:53 AM
I think it's gold!

Gold is good option but for now I think we need to wait for some time reason chian demand has decreased and US thinking to increase the interest rates so all these thinks will impact on gold prices for short term so if you want to buy gold then you should buy in small quantities for next few months time. But for long term gold is always an good alternative option.


Title: Re: What's The Best Currency To Invest In?
Post by: nerFohanzo on November 05, 2015, 03:37:48 PM
Buy any good altcoin in the deep, because people will dump their coin just to convert to BTC

That could be the case for the time being. The bitcoin price is rising, the price of other coins is stable or drop slightly in fiat terms.

When bitcoin price is very high, people will find the cheap altcoins, they will buy the altcoin. During the last bubble, the litecoin price rose for $1 to $48.

Exactly, the price of bitcoin is rising continuously and that is the good sign for the bitcoin users and I would suggest to invest in bitcoins rather than investing into any fiat currency, investing in fiat would be the bad financial decision to make and the market cap of  bitcoins is increasing so it is better to invest in bitcoins.


Title: Re: What's The Best Currency To Invest In?
Post by: Nahl on November 05, 2015, 05:15:02 PM
i'm still consider USD is the best currency for long term invest because the price is more stable than other currencies in the world


Title: Re: What's The Best Currency To Invest In?
Post by: bryant.coleman on November 05, 2015, 05:30:11 PM
My first preference is the Swiss Franc (CHF). Switzerland is perhaps the most stable country in the world, and it is almost debt-free unlike the United States and Japan. The CHF is also one of the strongest and most widely accepted currencies in the world. Then there are also a few other promising currencies, such as the Singapore Dollar, the Macanese Pataca, and the Qatari Rial.


Title: Re: What's The Best Currency To Invest In?
Post by: RealBitcoin on November 05, 2015, 07:54:10 PM
I`m sorry but the only currency here is BTC that is in my opinion investable.

The USD only needs QE4 (which could happen soon) to go bust. I hold some Ä just for daily usage, because when the QE4 happens the EUR could go up.

But this is just toilet paper currency, the real deal is definitely BTC.


Title: Re: What's The Best Currency To Invest In?
Post by: pitham1 on November 07, 2015, 08:14:11 AM
Do people really invest in forex?
I do know that some people trade currencies and try to make money out of the volatility.

I think the best idea would be to hold assets denominated in your home currency. You are protected from FX volatility and your expenses / liabilities would also be denominated in the same currency.


Title: Re: What's The Best Currency To Invest In?
Post by: aubert on November 07, 2015, 10:32:27 AM
just in my opinion, no currency is safe for investing,the price always changing ,except gold or property


Title: Re: What's The Best Currency To Invest In?
Post by: Lasergun on November 07, 2015, 11:24:37 AM
Do people really invest in forex?
I do know that some people trade currencies and try to make money out of the volatility.

Actualy forex is not a real trading, it is simlar to casino, you can not take what you bought, but only make bets on where the price will go... Unlike trading of crypto-currencies, you will never lose until you sell cheaper than bought.


Title: Re: What's The Best Currency To Invest In?
Post by: 98789 on November 07, 2015, 05:49:38 PM
I would invest in any currency from a country related to oil (since oil prices are low right now) with no socialist government (of course, do not even try to profit buying Venezuelan Bolivar Fuerte). COP would be a good option in my opinion, Colombia has always managed to keep low inflation rates and COP price is low right now, also, the country has good relationship with the US, so boicots, economic embargos and those thing do not seem very likely to happen).


Title: Re: What's The Best Currency To Invest In?
Post by: CryptoBjorn on November 07, 2015, 07:00:38 PM
Gold is always reliable  ;)

That's my currency now i cashed out a lot of btc.


Title: Re: What's The Best Currency To Invest In?
Post by: bitcoinhopper on November 07, 2015, 07:47:25 PM
Property on the long term (20 years) is always safe. For the short term BTC and USD are solid invements.. if you don't panic sell offcourse ;D.

But the number 1 is Bitcoin offcourse.


Title: Re: What's The Best Currency To Invest In?
Post by: gentlemand on November 07, 2015, 09:57:26 PM
Do people really invest in forex?


They do indeed. And there are a fair few countries where mortgages and loans et al are priced in foreign currencies I guess because interest rates are lower. I well and truly don't understand why anyone would do it as any interest rate pales in comparison to currency fluctuations. Iceland was particularly keen on this then they got ravaged when their currency had a wobble.


Title: Re: What's The Best Currency To Invest In?
Post by: RealBitcoin on November 07, 2015, 11:36:41 PM
Do people really invest in forex?
I do know that some people trade currencies and try to make money out of the volatility.

Indeed, when you have 2 ponzi schemes competing against eachother like : USD vs EUR

You can make off money from the volatility driven by speculators, because essentially both currencies are worthless, so you are speculating on red toilet paper vs blue toilet paper, which is more valuable this day?



Title: Re: What's The Best Currency To Invest In?
Post by: Snipe85 on November 07, 2015, 11:42:24 PM
Bitcoin of course. High volatility high chance of failure but also the highest possible gain. If you want to play, play big.


Title: Re: What's The Best Currency To Invest In?
Post by: Snorek on November 07, 2015, 11:46:41 PM
My first preference is the Swiss Franc (CHF). Switzerland is perhaps the most stable country in the world, and it is almost debt-free unlike the United States and Japan. The CHF is also one of the strongest and most widely accepted currencies in the world. Then there are also a few other promising currencies, such as the Singapore Dollar, the Macanese Pataca, and the Qatari Rial.
You are right, but I am a bit afraid about CHF. With increased disclosure in Switzerland's financial sector they are not longer that home and global center of hidden money and a favored tax haven.
I heard that Singapore is now viewed as better option to keep your finances. And that is showing in their economy.  Foreign capital inflows will continue to increase in Singapore that puts upward pressure on the currency. Singapore dollar has one of the most stable paths of appreciation against the USD of almost any currency.


Title: Re: What's The Best Currency To Invest In?
Post by: Aggressor66 on November 08, 2015, 12:23:09 AM
A perfect currency doesnít exist. If you want to invest in the U.S. dollar, then youíre timing better be excellent. If you want to invest in the Norwegian krone, itís safe, but there isnít much upside. The Singapore dollar? This could present rewards, but itís not based on honest and sustainable policies. Gold is probably the best bet, but not at the moment.



Title: Re: What's The Best Currency To Invest In?
Post by: GermanFoobla on November 08, 2015, 12:51:02 AM
It depends on the purpose.

You want risky? Go with BTC, USD, EUR etc.

You want more security? Gold is a good choice.