Bitcoin Forum

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

I don't actually have any wealth which should be kept somewhere safe, all i have is a few bucks in bitcoin and i like holding them for later as i feel i can get profit with this, but if i really had something like you and i had the same feeling as you are having then i personally would have cashed them out and kept them in my home currency as i feel that is the best way of saving money if you are not willing to invest for some time.

I like diversification. Keep some in bitcoin, gold, fiat, and real estate. You may want to start by recovering all your initial investment in dollars. Then you can work with the gains you have made and be certain that you can't lose. A little like the gambling strategy of only playing with the casino's money.  

If this is about saving then be sure to chose assets that store wealth. Buying a new jeep would be awesome, but it will likely be worth less each year. In fact few consumer items will appreciate if you plan on using them. Maybe guns? Most of my guns go up in value each year.  You will also want to avoid things like diamonds.  That market is manipulated giving a false impression that diamonds are more valuable than they really are.

I would go anytime for either gold or silver while leaving USD,EUR,GBP or any other fiat currency . Gold exists for thousands of years and I don't see why It will start losing so much value or being unused right now .
If you want to store your wealth then gold is the way to go , If you want to get profit then I guess BTC is always the way to go. Bitcoin may not stable but the likely thing to happen in the future is a price increase as more and more users are coming everyday.

Everything can crash or fluctuate in price relative to everything. Looking at Bitcoin's history it so far has been an incredibly good store of value compared to fiat trash money.

I can't believe that you are even considering selling your Bitcoin for USD fiat money! The USD like all fiat money is guaranteed to continually loose purchasing power, because it is subject to constant monetary inflation of central banks. You should keep larger sums of fiat money only for short periods of time. Given the extremely high level of government debt, you're taking an extremely high risk when holding fiat money.

Gold and other precious metals are a good option for diversification. These metals can't be inflated by governments and are therefore historically much safer than fiat money.

ya.ya.yo!

First of all you should not have to scare about that bitcoin will crash because bitcoin is now going more stronger with each passing day but if you like to cash them out then I will suggest for Gold because it is more stable and everyone want to make it stronger while no one know about the price of USD it can crash any time if any bad decision came out from USA.

i am currently holding 80% of my money in bitcoin and the rest is in fiat.
but if you are scared of bitcoin price crashing you should sell and go back to fiat (USD or others) or you can reduce the percentage to a level that you feel safer, it is always wise to invest what you can afford to lose. because it is all about risk management. something that you still make a good profit from rises but you won't be devastated if prices went down.

I personally do a lot of fiat exchanging, but that's probably a bad idea due to some of the exchanges I use and the rapid variations between the value of currencies I trade.

The best thing to put your money into is more than likely gold or silver, depending on how close you can get to the spot value and what quantities you're buying in.

It all depends, but precious metals are a good choice.

Actually no one could able to force you on which investment would you take but in my own view and if i have the wealth i would choose the two things gold and bitcoin even gold does have a good value but bitcoin also had a good potential to make profits on long term. Every investments do have risk on lossing money and bitcoin is not exception to that even on gold but you are right its value wont be easily depleted though.

We need to plan differently here because bitcoin price is keep changing and even with gold also, so don't keep all your eggs at one place. Simply divide your funds and buy what ever you want to convert. That is the best idea because we are unpredictable world so no one knows what is going to happen tomorrow, so plan it wisely convert them into different currency so if one is down you can make profit with other.

what do you want investment, in longterm, medium term or shortem
if you want longterm investment over 5 year in hold , is good your hold in gold, because gold price is always incraese is longterm never down price is your hold over 5 year
but if you want shorterm investment, is good you hold bitcoin, or you can trading inday trade, so your money can fast growth

I think you are quite scared about bitcoin price dump in future but for a big dump in bitcoin price there need to be some reason, so if you keep close eye on all bitcoin related updates daily you don't have to worry about losing rather holding bitcoin can make your profit. For example look at the price of bitcoin few months ago and now, that is huge growth.

But if you don't like to sleep with fear, you can diversify your holding to like USD, Bitcoin and Gold/Silver.

I feel its justified to worry. Why don't you instead cash out say half or 3/4th of the amount you feel comfortable holding, and invest the rest in gold ? If you are holding your money and would like to have it stay its worth, then move over to gold. If you want to take a little risk and don't mind ups and down or want to risk it as an investment, then bitcoin would be fine.

So far Bitcoin is a safe and profitable investment,but if you are not comfortable,you should not put all your eggs in one basket,you can put some in dollar denomination,and some in gold and the others in real estate property or even stocks,but whatever you choose,keep update on your investment for any news of appreciation or depreciation.

Hard assets (such as gold) don't work anymore

Whoever decides to disagree may want to take a look at gold prices for the last 40 years or so to get an idea what I'm talking about. I have a strong suspicion that the same is basically true with any such assets which are purportedly considered as hard (e.g. real estate). Given the amount of derivatives flooding the markets (such as paper gold or mortgages), the price of these assets is no longer a metric of their real value, and that could stay indefinitely long (again, see gold). The only way to preserve wealth (let alone increasing it) seems to be active investing now. The times when you could just sit and wait patiently till the poop plops down are long gone

I think you are a lucky man, your fears of losing money if bitcoin price crash indicate you have a large amount of bitcoin.
I've planned about my wealth in the future, to divide your wealth into several forms is the best way. Choose to buy land, gold, bitcoin, cash in banks, start your own business and invest somewhere you trust.

Its better that you go with usd, gold value won't vary much similar to bitcoin price. I used to save some of my wealth in terms of bitcoin and on emergency used to cash out for local currency. Gold as a wealthy commodity has the increased acceptance among most population due to its value generated from a long back evolution.

You should do it to usd. Usd is really moving up right now. I think its a good time now. But if you are going for long term. I suggest you to buy gold. Gold is good because its price is never crashing.  Itcoin is really good for.investment. if you want to double your money for just a short time. Bitcoin is good for you. If i were you, i will convert my half of my bitcoins into gold or cash and leave the half for investment.

your answer as it was said once before is diversification.

you first calculate the risks and rewards and their ratio for each investment and then decide which ones to choose. of course that is only if you have a considerable amount that you can buy considerable amount of each! for example you can't diversify with $500 it is not worth it!

but if you have more, then list all the things you can buy (gold, silver, stocks, fiats "USD, GBP,...", real estate,...) and then see how much risk is acceptable to you and then invest in those with future if the time is right.

Dividing the wealth into several forms won't make it better than staying in one form. For example, you can't always monitor multiple forms of your wealth and when one of them is accidentally having some sort of problem that could decrease the value of the wealth then you will face the mass and could be pissed off. I would myself always stay on one form to save up my wealth and not going to worries any additional problem which is actually unnecessary

It all depends on what it is that you're looking for and what you think you will be able to use in the future. Gold is valuable because it maintains a ton of its value over long periods of time, however, it is not as valuable for small and simple transactions.

Precious metals are probably the better choice overall, but either one can be good, depending on your circumstances.

I would choose gold,but i don`t know how to trade gold for bitcoins.

Are there any traders on localbitcoins.com who trade gold for btc?

I don`t think that the btc price will crash soon.

for now bitcoin still is the greatest potential to become investment, for short term i still suggest to just hold bitcoin, but if you still insist then i will suggest to buy gold because gold has a better potential to grow more valuable rather than USD, USD now is in unstable condition where the global crisis and the low trust of the new president is going to affected the stock price and in the end it will affected the USD price

I'm not sharing your fears about the possibility of bitcoin price crashing. Of course Bitcoin might lose some value for an unknown period of time, but most likely the value will be restored afterwards and in the long run it will be even greater than before. I agree that gold will never lose its whole value but it might lose 20% as we know from the past and that is a lot too.

Yeah, it's basically the price of bitcoin definitely has a fairly high level of risk. Because the bitcoin has not had to provide price benchmark standards and bitcoin is a currency that does not have a company to control all transactions that exist in it and has no place to make a complaint about the responsibility that is caused by an error in the bitcoin. But it all is not a problem if indeed we can be patient and always had a good job in the bitcoin: for the more familiar we know bitcoin then the fun and profitable if we use the bitcoin

if you are looking for general "Security" then the best option is as it has always been, Bitcoin. you can make a cold storage that is the safest way of storing money in the world to this day.

but if you are talking about "price security" or better say "price stability and profit" then nothing is the best.
bitcoin has been good so far. and it is obvious on the charts when you zoom out to 1,2+ years. but it is still volatile although the range of its volatility has also decreased.
everything else is the same too, you have volatility in gold,... you have inflation in fiat.

I think you should go for what you believe is going to increase of stay stable in order to keep your wealth. The price of the gold is very stable and will always keep his value.

You could try to buy some shares of companies that pays good dividends.
You can keep some in your local currency that you have access anytime.

In the investments world, they have so many possibilities. But don't forget at least to keep some bitcoin into your wallet ;)

That's the proper way of thinking

As I have already said it multiple occasions, thoughtless division of wealth into several investments can actually increase the overall chances of failure. Diversification makes sense if you are going to increase your chances of earning profits (provided you know what you are doing in this case as well). Diversification for the purpose of lowering the chances of failure is meaningless. If you really want that, you'd better divest altogether. If you are not confident in just one asset, how can you possibly become more confident if you add even more assets?

Gold is the best choice. Gold never lose its value and its getting more valuable every years passing by. Usd also is doing great right now. Its getting stronger than any other currencies. But gold for me is for long term. Usd may lose its value in the long run because of economic crisis. I understand you because you just dont want to lose your money because bitcoin is really volatile. You should do it 50/50. 50% for gold and 50% to bitcoin.

Agree, we do need fiat money but the value of it continues to decline every year due to inflation and goods price increase. On the other hand, bitcoin has proven itself as reliable currency which constantly rises since it has been created by the founders, an amazing technology I thought. You can buy gold to secure your wealth in case of bitcoin crashes in the future but like always bitcoin did, it will rise up again.

if you're planning to make it as an investment the choose gold,  It has been around for years so it is not that risky however if you want ti earn immediate profit then go for USD  .

Honestly,  The 21 Million bitcoins is not even mined and the demand is increasing as well as the price so you shouldn't be afraid that bitcoin will crash down,  Well there is a possibility but that future is still far from now 

gold, USD or even bitcoin have potential to crash someday so there is no steady for currency world but if you fear bitcoin price crashing and if may i to suggest you could split all of your bitcoin into 50% gold and 50% USD i think that would more secure rather than putting your fruits only for one basket

He should only hold his funds in bitcoin if he is willing to earn profits out of it, but he is saying that he just wants his funds to be safe and he does not feel completely safe in bitcoin because of the volatile price, so i guess a local currency would be the best for him as his local currency wont change in price much i guess and even if it does, his funds would have the same value in his locality.

Diversification is used to improve risk-adjusted return.
True, any one investment could decline. However, its impact on your portfolio won't be catastrophic because you have diversified it.
Bitcoin can decrease by 10% in a single day, but can 10 different asset classes all decline by 10% on the same day?

Yes, and this is precisely what happens in a crash.

Assets that were seemingly correlated in price movement become highly correlated. 

Over the past year, BTC has often functioned as a safe haven, even in times of volatility in equity and fiat currency markets.

This isn't to say that it will do so in the future, but the likelihood is good, IMO.

This is what the bookworms are telling us

But what happens in reality you can see by the example of the LTCM hedge fund. If you buy 10 different assets to allegedly minimize risks, it basically reveals that you don't know a fuck about any one of these, and you are just covering your ignorance instead of risks. Since if you really knew what to do, you would just drop entirely one asset and bought another one, or simply stayed away from any assets at all if something catastrophic might happen

If you can't decide wether to secure your wealth on gold or bitcoin here's what I suggest you to do. First convert some of it into fiat, a sum just enough for you to reward yourself and buy some things that you want. The portion that you want to convert that will be left, convert it into gold. That way you have a more secured way to hold your funds and you won't also regret if you lost it since you have already used some.  ;)

Gold make your money save for long time. Bitcoin is good in price growth, but not save (stable).
Bitcoin is good for short time trader with the volatility, make profit with short buy and sell activity in bitcoin market and save your money with gold if you want long time investment.

I wouldn't suggest only one currency. Depends how much bitcoins do you have but the best thing is to split the investments, let's say so. The part you can cash out in dollar or Euro and a part of it you can exchange to gold. A don't exchange every coin you have, leave something because bitcoin is stil good investment for the future. And the big dump is not expected at the moment.

I have the same opinion. Gold has a constant value throughout the centuries anywhere in the world. Maybe a part of your funds you have to invest in real estate. There are many places where is difficult anyone to lose his money. At last I would keep a few coins because their future appears much more certain of fiat money.

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

When you have gold you need to sell it on gold stores or find someone special because you can't exchange it to money just everywhere. it's definitely can't be sold anytime and if you have so many gold you need to make a planning to keep your gold secured,whilst with bitcoin anyone in real life can't see what you're going to do and you can just exchange it safely in known exchangers which is trusted

As I know , gold are stable investment compare if you're investing on bitcoin.
So I'm suggest if you have many bitcoin, you better invest some of it into gold since bitcoin consider as risky investation

ironically this is true with bitcoin, sititng here from $200 fold watching the price increase is exactly what gold can not give you anymore, but bitcoin can and will do even better in the future, gold is old, i would not invest anything there anymore, bitcoin is the real future now

Why is it so? Bitcoins are riskier even more than gold?
I think that OP should still hold his coins and wait for the price to increase, so to sell his coins for USD itself as it will give him more reward than what he would get with gold.

well there nothing called safe in this world .otherwise it would the peaceful place well unfortunately that is not the case.people have gone too far .i would suggest u to invest half and half to save in fiat in ur banks and others to invest in bitcoins .

Bitcoin and usd

Yes, this is a fact for sure

If we somehow forget that Bitcoin had collapsed from over $1,100 per coin before the recent rally started. Other than that, I would say that it rather proves my point than refutes it. As I said in my post, we should stick to active investing. We don't know whether Bitcoin will continue to climb the mountain (no Gox intended), or plunge into the abyss again in the future. Active investing with Bitcoin means that we shouldn't just sit on our stash of bitcoins and wait till it turns into dust, but try to multiply it in every way possible so that the break-even point of our Bitcoin investments eventually turned into negative

I think gold is more reliable then USD, because it is universal (so, if USA crashes gold is still worth a lot) and because it passed the test of time. As for the idea of cashing.. I understand the idea is scaring you but I wouldn't cash out the money now. At least maybe you should live 10% in btc just in case ;)

I think the most secure thing to hold funds is in gold, becouse I see the value is always the same although the price is litle bit fluctuative.

This is a really good question and I think it's not easy answer.
Maybe some years ago, the best motto was "buy an house" (a luxury one ;) maybe).

I think btc as a [digital] asset could be the best solution: easy to store, easy to resell, acceptable worldwide, anonymous etc etc...

If someone is just willing to save but not thinking about getting any profits then i guess their home currency would be the best, because though gold does not drop its price like bitcoin but if you are having cash saved then you wont be worried at all that what if there price drops or something like that happens.

I'm personally in favor of cashing out in both gold and fiat, just to diversify a bit and being able to use the money directly.
Also because those are just 2 easy ways to cash out Bitcoins.

much better if you put it on gold because as you can see gold are increasing their prices this past few years because gold is more precious than paper like USD. and gold is a good investment to interms of gaining more profit. im planning to cash out my bitcoins too but im still waiting till it hits $1000 so i can invest it more in a good thing. im planning to put the half of it on gold. and the other half im still thinking about it.

it would be much better if you're gonna put your money in gold because gold is a good and better investment and one more thing gold is increasing its price in every year passed thats why im suggesting that you could put it on gold than usd. usd is not stable just like other currency because its depending about its economy cycle while gold has more stable and more profitable to put your money into.

For me best is to invest with crytocurrency trading because its more profitable rather than gold because its market trending fluctuation spikes long term rise and slow falling due to its demand. This time you should be more observant specially investing your funds at the right time and gold nowadays is not really in demand because there were lots like silver, copper and titanium which is another alternative of gold. As everyone's feedback of cryto currency tradings its reputation is high to most bitcoin users.

The most secure cryptos currencies to hold funds for right now of course bitcoin its self, the gold is just for saving money and long term investments. I think the gold is not lose value if making investing in it, it is become best choice for investment but the problem is slow growing.
I will make investment not one place for bulk of wealthy, i will put it on properties, gold, bitcoin and capital for business.
never put the eggs on one basket

That's true gold will be stable for a long than any other commodity or investment. But from op's quote I believe he is sure that bitcoin is the best source to store values, only the fear of fluctuations make him move towards other forms of investing. I suggest to try to understand better about bitcoin and stick to it. You'll be profited and won't go down though you've lots of bitcoin.

yes agree with you that gold is one of the most secure currency of the world, but if you are thinking about profit,you want to invest your money in such place from where you can also manage to get some good profit then you must invest your money in bitcoin where your money is not only remain safe but also give you a good profit after some time.

The bulk of my 'wealth' is in stocks.  It always has been--bitcoin is kinda new to me and I'm not certain how it's going to turn out.  I'm fearful of putting any significant amount of investment money into it.  I think the people here who are 'all-in' are a bit crazy.  But then again, fortune favors the bold, does it not?  Sometimes you have to take big risks to reap the big rewards.  I just don't have the cubes of brass enough to go all in myself.

That is good also since companies are also earning then you stocks also appreciating in value. It s good that  you select a "blue chips" or proven stable with so much assets. For me, I am about to invest in equities, though its quite risky but I have also balanced fund to back up :)

I guess that's true, fortune favors the bold. But I think the bold ones that fortune favored in Bitcoin has been long ago. Like probably since 2009 when they all supported a system that is so bold and new. Those who were able to get plenty of bitcoins and able to keep it till today. They probably are millionaires by now. Right now, I don't think bitcoins will turn out to be as promising as before.

The gold is always the safest Option to store your wealth. the value of gold will stable always. but there is some more good options also which I've been thinking to spend my wealth there.. like Real-State.. if you put your money in Lands and Real-state your wealth will never decrease but it will increase after time to time..

If I were you I will go divide what I have into usd and gold. I will cash out 1/4 of that bitcoin I want to cash out to usd and spend some to buy daily needs and of course buy what I want. I will cash out the rest in gold since for me gold is the safe haven of all currency here on earth since it has been used as a currency since ancient times, and still have value till today. That way you won't have to choose between USD and gold.

i think you can do it by selling your bitcoin and buy gold as you can have two kind of investment that will work properly to you, beside that, we already know that bitcoin will be reach the high price and the gold is another investment which is stable than any other investment. its a good option for you so you can have a good profit in middle until long term.

If you want to hold funds in another asset, besides Bitcoin, I think Gold may be a viable solution, better than usd. The problem is that you will have a higher cost to store, in addition you can not use gold directly to buy things, unless you use some digital token associated with gold.

but i will only suggest you to put your all assets in bitcoin, because from bitcoin you can get double disadvantage, one is that you can keep safe your money in bitcoin and second is that bitcoin can give you a good profit as the price of bitcoin is continuously increasing.

in fiat I think. I have my own small bank in home. I save my money in it now and I save the other money in another place.
I do not have gold. I have ever had a few gold in pendant, but I lose some of them. so I never buy gold then.

If you are trying to hold the funds i would suggest that you keep them as bitcoin that way they will grow even more until you need to use them , switching to gold will make them will add to their value but slowly , and switching them to USD is just a waste since you are not planing on using them, they are just better off in bitcoin as they are.

I am not suggesting anything to you, just giving my personal opinion. Currently for me, the Swiss Franc is  the most secure currency in the world. Switzerland is a country that is not plagued by war, the Swiss guards the pope, it is the most secure. But, I do not think there would be any problems holding funds in USD or CAD. Also, gold is not a bad idea, the price of gold has been on a steady increase.

How long ago did you check the price of gold yourself?

In respect to most secure currency to hold funds in, the OP obviously means most inflation risk-free currency, not secure, since secure mainly refers to a currency resistance against being counterfeited. In this way (inflation wise), there are no secure or safe currencies to keep funds in. If we are talking about fiat, you essentially trust yourself and your funds into the hands of the government which issues that currency. If we are talking about Bitcoin and other cryptocurrencies, you are in the power of an even greater number of random forces

I think it's time to get out of fiat currencies and stocks. They are pumped up artificially. Check out the various physical metals and the types of investment. Gold and silver coins in the UK are free of VAT and CGT, but they have a slight premium as a result. Platinum has not been doing so well, and isn't traded as freely. Copper is an interesting speculation for the future as the price of other metals increase.

My suggestion for speculative investment is silver coins. You are unlikely to lose over the medium term, and it may offer a higher percentage increase over gold. They may also become a currency as fiat currencies fail.

Diverse investment is much safer rather than putting it all in bitcoins. Don't keep your eggs on basket as the saying goes which is applicable to any kind of investment online and offline. Gold is a good thing to invest with, the price of gold over the years has changed it has inflated compared to 20 years ago, dollars on the other hand has increased in value after trump won the election.
So its best to invest some of your bitcoins but not all in other investments.

it will be good for your funds if you put it all on bitcoin also your assets because you know bitcoin is currently running and almost near on $1000 barrier so if you put it right now im sure you will get more profit than you're expecting if you put your money on a bank its also secured but you wont get a high profit with it.

yep it will be a good option for you, but if you want to have money, then you can withdraw your bitcoin into fiat. i think if you have 100 bitcoin, then you withdraw 50 bitcoin, you can have $40,000 in fiat if you calculate the price of bitcoin by $800, then the rest you can hold it to waiting for the increase the price in future and we know that the price will be up.

Money should be distributed between dollars, gold and bitcoins. This scheme of investment will allow to stay with minimal losses in case of collapse. You can also consider real estate as an investment.

If you are scared that bitcoin may losses it's value then I suggest you to go for gold. In terms of risk gold has an edge over bitcoins. Bitcoins are good to invest as it can have a skyrocket increase but gold are slow to increase. Or you can have a diversified investment plan. You can go for both bitcoin and gold.

You haven't studied gold price charts do you? Of course that gold won't become useless but it is still commodity susceptible to rapid price shifts.

Prices of gold (per ounce):

June 14, 2007 - $650
March 11, 2008 - $980
September 5, 20011 - $1899
December 15, 2015 - $1060

And the current price of gold as of March 24, 2017 is $1,251.10 per ounce. Gold is not stable as many people might think.

Source: http://www.macrotrends.net/1478/gold-prices-10-year-daily-chart (http://www.macrotrends.net/1478/gold-prices-10-year-daily-chart)

It depends in your interest dude. You are free to choose long term or short term, but if I where you much good to buy some of bitcoin then do the trade from time to time for to grow your bitcoin quickly. Although, Gold was also a good investment if you hold in a long term the value increase too just like lot in the real estate.

Good idea suggested above. gold is existing from long time which has gain people trust completely. according to me btc is very secure however some people gets the doubt in there mind that what if it crash all of a sudden. for sure that will not happen because of its growing popularity among the youth. what we will see is the value getting more and more. however never less to say you might see some time the btc price less which is very common in any part of investment. if you want to play very safe then go for gold or if you want to earn more then btc door is open for you.

I think you should hold the currency that your country accepts.
This is because it's value will not go down even if you want to withdraw,
This is how i also do.

Bitcoin can be preferred as a currency to hold funds and the user needs to be active to make profit when it is rising as well withdrawal if the price move is found downwards. As mentioned in the above quote to avoid risks and be on the safer side it's good to hold funds in terms of currency that's been accepted and widely used within the country or in the form of gold which won't fluctuate as bitcoin.

cryptocurrency like bitcoin is risky and is not allowed for those who have heart disease :D, if for safer holding gold wealth any I had more money I always think  to buy gold and it's value of gold not will fall so hard

I agree with yo, because you are afraid of bitcoin crashing down or its fluctuating value then for sure you fiat will gonna work for your scaredness, gold can be use too if you want to continue your investment convert your invested coin to gold.

I cannot agree with your opinion because in my country, for the last 3 years the price of my currency goes down x3 times from 1$=8 to 1$ =28. I think better to hold your funds at strong currencies because your risk to get depreciation are high because of goverment

That's not good choise because some countries don't have good and stable currency + euro, usd is mostly used worldwide and to my mind those currencies are great. OP said usd here, so it means usd is ok for him.
I suggest OP to convert bitcoin in USD when he chooses right time. Gold is also good but.... If I amn't wrong USA has lowered printing dollars and their currency is in a good way. Convert in USD, you won't lose.

not bad. but if OP chooses USD, it means that he will save it in bank. is it still a good idea? well if he is able to find a bank with good system, it would be good to hold USD in bank because holding USD in high amount in your house is not save.

If you are that afraid then diversify your investment. Convert some of your bitcoins into USD and others into gold and the remaining one just leave it be in btc form. If in case bitcoin will never go back to its former glory then your losses is smaller since you have converted it to USD and gold. But if bitcoins value has increased again faster then you will earn a lot and you will never regret that you left some of your bitcoins.

I will not suggest you to cashout your bitcoin at the present time because the value is in the way to increase in value so if you will keep them in bitcoin you may get the profit with price increase while if you will keep hem in USD then the price will be fixed and no chance to earn profit and in gold the profit is much lower.

Actually, the best way that you could hold your funds on is gold, gold has been and will always be the safest investment out there on the market, and their prices go up if you are planning to go for the long term holding like a year or two, but it is not a currency, if not than I would suggest putting money on is of course bitcoin and just keeping an eye on the market.

yes i also agree with you. bitcoin is now becoming more and more secure and reliable currency and therefore now people are giving more preference to bitcoin and thy are really making good money from investing in bitcoin.

Bitcoin is still very good to hold your money in if you're investing. Only a trader will contemplate exchanging for another currency because of the price slump

When you are about to stock bitcoin you should be afraid bitcoin price decrease with in a day and rise after few months this is why people lose money on gambling when they don't sold their coins when the price is at 1200 plus dollar gold is good because it is stable but here in location it is very hard to find a buyer or hard to sell gold.

If you just want stability, I would hold funds in USD unless you can buy gold for a low price. Gold seems to vary in value as well as Cryptocurrencies. But if you want an investment to potentially gain value, USD isn't going to help.

Actually in such situations you can use btc-e sort of sites because there you can store btc in form of USD and then you can buy bitcoins whenever you want with those dollars and hence you wont loose anything. though the price might increase also and u will regret.

I would like to inform you that it will go down in valuation,if you look at forex trade the prices do change daily and it all depends upon your currencies valuation and for people living in the war zones especially in Iraq and Syria and even in Iran it is advisable to hold your funds in dollars or bitcoin rather than in your local currency.

Bitcoin it is. Sure to rise in value in the long term

It seems to me that in order to protect your risks needed to keep their savings in 2 major currencies and bitcoin. When will fall in price in one currency and the other will grow. This strategy means that you make less but the risk is small.

It also increases your chances of not earning anything if one of your currencies goes up in price and two other go down, or one up one down and one remains flat.
Differentiating is good, but investing in many currencies may prove difficult to handle if you decide to hold 2 fiat currencies and 1 crypto. If fiat crumbles it can take down more than one currency at once.
Anyway, If i had to choose a fiat to hold it would be the currency of the country I'm residing in and it wouldn't be more than 20% of my assets. I prefer Crypto, gold, properties. Everything is better than fiat.

Too many people have done it, Try to migrate his decimal into another major altcoin such as ethereum and dash. And at the same time make more people to buy more major altcoin and it gives massive pump for the altcoin itself. But i think if USDT is preferable.

Similar to gold Bitcoin will never lose all value, at least not in the foreseeable future.
From the other hand, US dollar - from 1988 to 2017 lost exactly 105.9% purchasing power due to overwhelming inflation rate.
Why would anyone want to keep USD (or any other FIAT with infinite supply) as long term investment is beyond me.

Yes, I agree with you. If I have a lot of bitcoin, I will divide it in fiat and the other half is in bitcoin to make my money secure. I will also use 2 to 3 wallet to avoid some hackers or if ever they hacked my wallet, I will not be afraid because I am holding two more funds but next time I will my money more secure. We do not know when the price is going up. Be responsible on holding our money, don't waste into worthless things because we don't know what happens next in the future.

I think bitcoin for now is good to buy and hold bitcoin and with the way things are going I believe bitcoin will soon increased in values maybe to $3,000 before the end of this year. Bitcoin has shown to be a very strong asset considering the kind of storms its gone through.

Raising up to 3000 is unlikely. I think that it will rise to 1000-1500 $. Because the rate will not be constantly stable and grow up. Maybe even now he will fall a little more.

The Swiss franc is one of the best I think, in my country most people save in franc`s. Dollar is also strong currency, Norway And Singapore are the countries with strong currencies. I`m not rich, but in case I`m I would keep my wealth in bitcoins for a little longer, bitcoin have potential and will cost more, I don`t think its still the time for cashing out.

In my line of thought is is better to keep a huge amount in your bank account and at the same time a huge amount of bitcoins in your online wallet. Having our fiat currency is very secure if we place it in huge banks and if in case cryptocurrency shuts down then we still have more money in our account. At the same time if we have bitcoin in our wallet and the baks goes bankrupt then we have still bitcoin in our online wallet. Diversity lessens the risk and will help us give options to make our assets safe.

Very precise. the Fiat transaction is useful only for now and will not give you an advantage when we save for a long time. Better profits is to use crypto, gold, and also property. Because the gold and also the property has been tested successfully for a long time and gives a pretty good advantage to those who are indeed willing to be patient in waiting for the results. Similarly, a few years later crypto crypto also gives better profits
 

Well, the method of holding your wealth actually depends on your risk taking capability. If you are too scared of holding the bitcoin because of the price volatility, then you better convert it to gold because, gold has many other uses and the price is move over stable for years now.

However, if you have different source of income and you don’t depend on your bitcoin, I would suggest you to wait for some more time before you decide to sell it all. You can actually go for a mixed portfolio of Gold, Bitcoin and secured bank deposit. This way, you will be sure about your wealth and also about its protection.

For me, I save some of my wealth in bitcoin and holding fiat. As you can notice bitcoin is keeps on stronger daily, and become well known in any countries. But if youre uncertain in bitcoin that you think it will crash anytime, much better not to put all your funds in one account. So you will not regret whatever happens.

I would suggest to go for gold if you are planning to keep them for long term. Cause that will be the safest from value ups and downs. Gold prices are not likely to fall in near future. And if you are planning to invest some of your money in another business or something you should go for fiat currency. But keep some amount in btc you might need them anytime.

When a person invest, he doesn't just close his eyes after that. Investment is subject to regular inspection, weighing pros/cons, gains/losses and it is continuous process, not one time. So suggesting to invest in gold just because investment remains stable is not good one! Investment is made with the view to sustain inflation and grow money overtime.
To hold funds, it is best to try "Method Study" as suggested by F.W. Taylor and after an adequate time go for one, which brought you best result!!

I just read China has found very big gold mine. It may devalue gold rates in near future. Other than this, keeping gold securely against robbery will be very big challenge for any country people. These are very few reasons, why gold cannot be secured way of holding funds.

I believe digital assets are very good way to store funds because we can encrypt them and also keep them very securely. There are a lot of practices available to keep digital assets safely from fire and robbery kind of threats.

That's unlikely to happen

Even if they found a Manhattan-sized gold asteroid, they would just hide it somewhere in a place like Fort-Knox. China is a net buyer of gold after all, so they will keep the gold they discovered to themselves. There is only one way that gold can drop in price, i.e. when it is sold in the open market, which China is not going to do in the foreseeable future. There can in fact be some miner correction in gold prices since China may now buy less gold in international markets but that remains to be seen though

I would exchange those bitcoin into fiat, usd, is the best, gold might loose some value as its like bitcoin its up and down, the best solution is usd that is a strong currencie and with it you can rebuy again bitcoin, knowing the price raises or no.

If you are trying to make profit out of saving for a really long time than I would suggest that you put your funds on the gold, simply gold has been and will forever be the precious thing that mankind uses and respects so its value never drops.

Bitcoin is still yet unknown to some people so it is not totally safe to put finds into at least not on the long term, you can make good profit from putting some funds into it but you need to keep an eye on the price and the market for any change that may threaten your investment.

As technology advances, gold with have less and less importance. Today people are ready to spend hundreds of euros/dollars to get the latest smartphone, every year. Soon enough it will be the latest cybernetic implant or life prolonging drug. Gold will not matter.

I think we had already been there

As I suspect, some 100 years ago people most likely felt essentially the same with first cars around them, first aeroplanes above them (as well as trains below them) and similar things such as telephone and electricity. Did gold lose its value? This was hardly the case, and this won't be the case now. In fact, an age reversing drug would go pretty well with something as eternal as gold. What do you guys think? I guess that should actually increase demand for lasting things, not diminish it

I do not agree. Gold has always been and will be in price. Even the coolest smartphone in a couple of years will depreciate, and gold will grow in price in the price. Only those who foolishly follow the fashion can put all their money into new gadgets.

Very precisely. If it does have a lot of btc will be much more beneficial if we could share into several businesses are indeed provide a profit. For if indeed we do not share into some things that indeed increased the number of btc then our lives will never be successful, because by only using BTC with no desire to add to it to make us become malasa in thinking and level of innovation that's been there since birth being lost because it never used
 

It's been a while but I hope you make good profits and sold at ATH, the best option for everyone is official currency of your country obviously as you can easily convert and spend it. If you live in USA, US dollar it is, different story for someone who lives in UK or China.
Second : depends on your purpose, for long term savings, gold and land are the best investment. But bitcoin still become good way to saving your wealth too, so divide into some options and you will be fine. So far, I still believe on bitcoin as my future savings, let's wait for another 5 years.

That cannot possibly be the best option in general

Since the question seems to be mostly about holding funds and not spending them, converting bitcoins to a local currency can in fact be the worst idea, especially if this currency is set to quickly depreciate over time. And "this" currency actually refers to a majority of fiat currencies existing in the world. Apart from half a dozen top currencies (like the US dollar or Euro), the rest of the pack is given to severely devalue over time, so we are back to square one, i.e. choosing between gold and the US dollar. Personally, I would opt for dividing the proceeds between Swiss francs, US dollars and gold

In my opinion yes it is, I will convert bitcoin into local currency and then purchase gold or buy a land, easier to do than using another currency. If I live in US, maybe will going through the same way. But, how about in UK, China, India, Malaysia > in general, the best option still cash out as their official currency. As OP live in USA, I suggest for US dollar. ;D

Of course the mechanisms for depreciation aren't the same at all. But what matters in the end is what use there is for something. Gold is used in many industrial processes. Still, annual production for these is enough. Gold retains value because people believe in it, not because it has inherent value. In a way it's very similar to Bitcoin.

India alone is the reason gold keeps it value. Indians buy 1000 tons of gold each year. They don't use it for anything useful, only to make tons of jewelry they can't wear. The day they stop doing that, gold will crash.

While gold is certainly used in technology, this use is rather limited (in comparison with, say, silver)

Most gold is used as jewelries, i.e. around or a little over 50% of all gold out there. The most of the remaining half is stored in vaults belonging to governments and international organizations. The US and IMF are the largest holders of physical gold. That said, I still wouldn't equal gold and Bitcoin in respect to what gives them value. If we omit the unnecessary complicacy of the subjective theory of value (which is an obvious overkill here), people love gold for its shine and might, while Bitcoin value is purely utilitarian, and, unlike gold, Bitcoin can be easily stripped of this utility. Basically, you can't undo gold, but you certainly can undo Bitcoin. The former would require changing human nature while the latter just a more robust currency to come up that would crowd out Bitcoin in due course

It looks like you have big money if you are searching the form to hold your capital after cashing out. If you so scare about inflation I suggest you to open a metal bill in a bank for your money and hold it in gold. Gold and bitcoin are alike if to look on it's characteristics, just gold is more known and checked one.

It seems that he does and the best thing to do with those bitcoin is just to keep on holding. And he shouldn't be scared with the price of bitcoin or whatever it is making the price of bitcoin unstable. Actually, it's a good thing if he will just keep on holding, it's effortless and he doesn't need to enter a new investment.

You have a point in that matter, And I also agreed that bitcoin will going more stronger even for everyday passing by..And we cannot say what will happen tomorrow, but still much better to be prepare than not prepare or what. I also like gold to invest it, because in gold there is an assurance that the value will increase weekly, and most likely was bitcoin is the best among of them to hold it because of the volatility and anonymity many are befitting it to obtain profit.

I think investing in gold is just the waste of time because the price movement of gold to upward is much slower while the the price of bitcoin is increasing very faster. That is why the traders now like to put their money in bitcoin and gold is only used as ornament.

yes no wonder people will have a lot of doubt storing value of money in bitcoin if you have too much money to risk. i personally honestly have that a little doubt when talking about huge amount , everybody will prefer to put in low risk thing like gold isn't it?

bitcoin currently still considered as high risk investment , not yet well known and established currency.

Well at the moment there isnt a stable crypto currencie to hold, soo my advice would be sell your coins and hold the usd dollars until bitcoin does make the split, till that moment you can risk with others altcoins, but all of them are being pumped on the last two weeks, and now some of them are getting back to their normal values.

Are you just another fudster sticking around here?

There seems to have been too many folks of this type recently on the forum posting things like this. But you are definitely too late to the party dude, the BU fud campaign is evidently over. No one is going to give a good goddamn about BU anymore, at least, not until they come up with something entirely new. I hope that would be a refreshing change after all, not like the same old dull and boring stuff as before. In short, you're fired!

If you are going to be saving it for a very long period of time, the S&P500 is the best bet. Even if the market tanked you would still over a lifetime make around 8-9 percent a year. Pay your taxes when you cash out, throw it in the S&P and sitback and relax.

SP500 is at all time highs. It's not wise to get in stocks market right now. Anything can happen. There may be a correction or we may be in a major bubble. Take a look at SNAP. There is a freakshow going on there. And TESLA is about to hit 300$ (298.5$ as i'm writing) and with the market cap. of 45.33B$. Ford Motors is 46.26B$ and VW is 72.72B$. Crazy.

Some heads are gonna roll.

What's wrong for investing on the gold? If you're not know about the meaning of investment and you must go to the investopedia :D But most of those gold investors are searching the steady value by the gold itself. So, there will no decrease value like if you save your money on the electronic stuff or another which it will get decrease value everytime.

If you want safe investments Must secure nyimpan wrote his bitcoin funds

I would diversify my portofolio personally, with a mix of us dollar, gbp and gold. But surely not with euro. The europe economy is scary, ad i don't feel the days are going to be better ffor europe. Not to say the incoming elections that can have an impact on the european econnomy. Lot of people are waiting to see what's going to happen. Also, you can consider gold, silver, diamond and stock option. Diversity won't kill you in any way

Well my best opinion to that matter is when you are concerned about the volatility of Bitcoin the best and stable way to put your money is on Real Estate. Right now real estate or any land property is actually a lot more stable and has a chance to appreciate more than any currency in the market today, by picking up the right location and price not only will your money be safe but it also has a lot of space to grow. If you don't have that much Bitcoin to be converted in Fiat I suggest that you put your money in stocks of Big Corporations. Others might call these stocks as "Bluechips" in which people who put money in to these are not looking to profit but for stability and maybe a little steady growth. Either of the two your money will be  a lot safer than putting it into gold.

I think the best currency to save on your money it's US dollar, because if we look at local currencies, they have a big chance of crashing down. In a current situation the most stable are US dollar and Euro maybe gold are good investment also, but gold price can change fastly and maybe you will have some issues with checking the price of it everyday, if something happend to fiat currency you get informed by everything

Do you see how you taper off your initial judgment?

As you can see, the emphasized part is not quite in line with your claim that the "the best and stable way to put your money in" is real estate. It is clear that not all real estate is born equal, and you should actually invest your money in right location and at the right price, according to your own words, i.e. invest in something which will bring profits (while anything else in this field is a losing deal, naturally). And how is real estate then different from any other investment where an outcome is not certain either?

If you've bought 1000BTC 2 years ago when price was $300 you'd paid $300,000 and now you could've had more than $1M.

Could you profit that much with gold?
Could you profit that much just holding dollar?

Do you really think an industry with at least $1B invested in mining farms would crash that easy?

As long as miners exist and difficulty keeps on rising bitcoin's price will never crash.

Miners will not intentionally do something like split the network which will greatly damage their own business.

2 years from now when price is well above $2500 you will look back and if not a holder you'll regret why you didn't convert your wealth into bitcoin.

I don't actually have any wealth which should be kept somewhere safe, all i have is a few bucks in bitcoin and i like holding them for later as i feel i can get profit with this, but if i really had something like you and i had the same feeling as you are having then i personally would have cashed them out and kept them in my home currency as i feel that is the best way of saving money if you are not willing to invest for some time.

That's just not true, the price has rose with a low market cap, rises will not be the same when Bitcoin is actually stable enough to hold significant amounts of funds in.

You are trying to relate unrelated facts

And find causal relationships where there are none. If something has been invested massive amounts of money in, that doesn't necessarily mean it cannot crash just like it might happen to anything else. Miners are rogue, this is the only true assumption that you can draw viable and plausible conclusions from. If they are paid a hefty amount of cash behind the scenes to hurt Bitcoin, they will do it because they can be made an offer which they can't refuse. This is the ugly side of severe mining monopolization (though I'm not sure if there is any other, less ugly side)

and you are making wild assumptions. he actually has a very good point. and I made it bold. miners (who have invested a lot of money, from solo miners with small equipment to big mining farms with millions invested in it) will never do anything to compromise their investment. that is just silly. and these days people who keep saying "split" are ignoring this very simple fact.

and I disagree with what you said about someone investing money to hurt bitcoin! because simply nobody benefits from bitcoin price going down. there may be entities who don't want to see bitcoin exist but price has nothing to do with it because even if price went down to $1 next week, there will still be people who keep using bitcoin and it will exist.

If you are afraid on the risk involved on bitcoin then its better to cash it out your money and put into more stable ones like gold but if i were you i would really decide to stay with bitcoin because i do really love the price movement it might give you decent profits but remember the risk on lossing huge because of volatility.

Im really curious right now, if you are going to be right.

I would like to see bitcoin even for 2000$ and still thats a dream for me.

However, analysts are saying that 2017 is going to be the dream year for bitcoin. So maybe it will.

Im lucky to hold bitcoin if it is going to happen, but I dont think that right now converting your wealth to bitcoin and just holding it there without earning any interest from an investment is a best idea.

If you  are much scare with the prediction of the down of the bitcoin price then I will suggest you for the  turn your bitcoin into the local Fiat currency into your country .
But only turn 70-80% of your bitcoin in cash because here I am sure that the price of the bitcoin will not go down more  because the legally accept the bitcoin by the Japan will surely increase the price .
So here it is more better to hold some bitcoin in your wallet then to think about any other altcoin .

This post was created on December last year and bitcoin price has seen a lot of upward trend since then.
Gold is also not grown that much.Bitcoin has once again proved to be the best investment but I do not understand why some people still apprehensive about it.

You obviously don't understand how events are going to unfold in the nearest future

The part you emphasized has been addressed by me a few times already. The key point here is that if you don't see or understand something, it doesn't mean that others don't see and understand it either. Miners know it better than anyone else that their days are essentially numbered. They are just trying to squeeze the last profits while they have power. In a few months SegWit gets activated whether they agree to it or not since it is now a tipping point for Bitcoin. Soon after it is activated, the times of massive off-chain transactions will come. And this will kill mining as we know it today. The mining pools will become irrelevant in the end (as they should have been at the start). In other words, they are inevitably set to lose and they know that perfectly well

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

Maybe you can go for a gold cashout.Since gold price is still developing from time to time and increasing and for you to earn a small or big profit into it

Hey everybody! Just wanted to update you all. Thanks a lot for your feedback. What I ended up doing was sending about 25% of my total funds to an exchange where I trade alts and BTC daily. It has been quite profitable for me. I actually would have made more money if I had just kept everything in bitcoin, due to the price increase. I am happy with my decision, however, since I was able to discover a new income stream. Since I have been so successful trading, I have actually quit my real job and now I trade full time. I cashed out about 15% of my funds to pay for rent and other expenses in case this new venture fails and I have to find a new job again, but so far it's looking great. I am still benefiting from the price increase from my remaining BTC and I'm going to keep holding it. I see a good future for bitcoin and I'm so happy to be a part of it.

stop lying bro. Bitcoin was not $1000 in 2015. It was even less than $400. Why do you keep lying to people like that?

Well, you shouldn't be that scare about bitcoins price, it is very safe place to put your wealth and also to grow it. This is great era where bitcoin was invented few years back and which is making our money literally 'GROW'. I added the second statement because you will loose value in the Gold and USD over the time. I mean bitcoin is trusted by many and being invested by huge number of people. The chances of getting it back to 80's is very low. So be cool and keep it in there.

I advise you to invest in gold, it rarely goes down and it always raises up whenever there is a major crisis. Bitcoin is really rising but there's may be a financial crisis which may let it tumble down and thus making you lose lots of money. Q

I agree with you that it's safe with gold but currently I think Bitcoin stands tall and despite the periodic volatility if you invest it with the right trading parameters (stop loss settings) you'll profit and barely make any loses.

Right now bitcoin seems to be with high potential to profit the investors rather than gold. Gold is an valuable asset that gained the value through a long journey of ups and downs and now it has gained the trust  of all group of people. As mentioned one who make a good analysis about the price move and invest will easily get the profit similar to one that got through gold holding for years.

I'd like very much to see the faces of people who were thinking to sell their Bitcoins back in 2016, how about if you were holding gold since then?

Is your money doubled like Bitcoin price did ever since? if you had $1M in gold or in USD in 2016 could you be proud now and have $2M?

Answer is a profound NO, what it will take to believe if you buy $1M in Bitcoin and by next year this time you'd have more than $2M?

Answer is that everyone is waiting for others to take the risk to see if that really happens or not, well then only the risk takers will win and

You will sigh when the time comes and see that you don't have any Bitcoins.