Most Secure Currency to Hold Funds

[Vyrez]

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.

[Qartada]

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.

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.

[deisik]

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.

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)

[Pursuer]

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.

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 with 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)

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.

[carlfebz2]

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.

[xypos]

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.

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.

[noictib]

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?

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 .

[btvGainer]

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?

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.

[deisik]

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.

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 with 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)

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

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

[Vyrez]

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.

[Astvile]

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

[TraderCal11]

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.

[Kamarah]

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.

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

[darthmaul]

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.

[joebrook]

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 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

[megynacuna]

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 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.

[romero121]

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 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.

[freebutcaged]

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.