Most Secure Currency to Hold Funds

[deisik]

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?

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

[Rahar02]

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?

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.

[aesma]

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 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.

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.

[deisik]

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 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.

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

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

[Taki]

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.

[batang_bitcoin]

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.

[bravehearth0319]

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.

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.

[Bitcotalk]

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.

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.

[EdenHazard]

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.

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.

[Rinder]

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.

[deisik]

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!

[andrew24p]

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.

[mindrust]

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.

[X-ray]

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.

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.

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 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.

[fathur.aza]

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

[LeGaulois]

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

[Harlot]

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.

[buharikx31]

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 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

[deisik]

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

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?

[ImHash]

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.