Most Secure Currency to Hold Funds

[Yakamoto]

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.

[davis196]

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 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.

[xuan87]

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

[Betwrong]

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'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.

[Labumi]

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'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

[talkbitcoin]

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.

[chesatochi]

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

[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?

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.

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

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?

[Dmitry.Vastov]

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.

[CyberKuro]

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?

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!

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.

[Wandering Soul~]

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 

[Nahl]

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?

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

[Mastsetad]

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 

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.

[pitham1]

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 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.

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

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?

[oblomov]

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?

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.

[deisik]

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?

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

[hase0278]

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. 

[dihari]

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.

[BingoDog]

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.

[sportis]

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 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.

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.