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Author Topic: Which cryptocurrency is best for storing money?  (Read 2080 times)
lotfipro
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January 17, 2019, 10:02:18 PM
 #181

Best choice is holding in top altcoins and bitcoin. It would be great to find 4-5 altcoins and storage your money in them. I think it could be more safer to put your money in several coins, like eth, xlm, ada and others.
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January 17, 2019, 11:07:56 PM
 #182

The best way to preserve the value of cryptocurrencies is to use US dollars backed stable coins. These coins will only fluctuate by a few cents above and below $1 effectively useful for preserving value, buying the dip and also taking profits.
Good examples are USDT USDC, GUSD.
USDT is the most common of all and is still the highest capped in the market.

sirminesalot
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January 17, 2019, 11:28:49 PM
 #183

I think saving crypto currencies is a bit risky because I don't think we can know about the development of investment, maybe that choice
BorutosDad
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January 19, 2019, 03:46:56 PM
 #184

I think saving crypto currencies is a bit risky because I don't think we can know about the development of investment, maybe that choice
Do you offer to sell everything at once?
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January 19, 2019, 04:54:15 PM
 #185

for me, the best crypto for saving money is bitcoin and ethereum, because for me both of them have quite high security compared to the others. I like both of them.
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January 19, 2019, 04:58:56 PM
 #186

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

Well, for me it's best to stick to cryptocurrency that's on the top of the market cap. If you are not trading and just holding your investment, it's the best time to put your spare money on them since the prices are really cheap. If you are patient enough, wait for the bull-market, that way you can earn money once the market starts moving.
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January 19, 2019, 05:23:23 PM
 #187

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

If you don't like to experience some volatility in the market while storing your money like in the bank, I recommend that you store it on a stable coin since there is not much volatility in there. Well, as you can see, its price keeps on 1 USD.

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January 19, 2019, 06:19:15 PM
 #188

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

Do not prefer volatile coins if you want to keep your money alive for years. Well, bitcoin, ethereum, ripple, eos are too much volatile to keep your market value in place. So choose other coins.

travwill
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January 19, 2019, 06:24:50 PM
 #189

If you just want to save your savings, then why do you need a crypto currency? Better keep your money in Fiat, and don't worry. As an alternative, you can use the stable coin, but why if there is a dollar and other currencies. If we are talking about investments, then be extremely careful with storing money in cryptocurrency.

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January 19, 2019, 06:26:20 PM
 #190

Bitcoin might not the stablest, but it's the most secure one.

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January 19, 2019, 06:32:52 PM
 #191

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

Well, for me it's best to stick to cryptocurrency that's on the top of the market cap. If you are not trading and just holding your investment, it's the best time to put your spare money on them since the prices are really cheap. If you are patient enough, wait for the bull-market, that way you can earn money once the market starts moving.

It is really good advice! I can add that after buying some top coins you can invest some of  your time to study crypto market. There are some really good altcoins that can bring you good money on next bull run. I suggest you to learn about QuarkChain project that perfectly shows itself even in bear market. It has very professional developers and marketing team! This project has a great future!

Globen
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January 19, 2019, 07:00:30 PM
 #192

I think the cryptocurrency i would store my money would be bitcoin, especially, this is the time to store money thete because once the bearish market gets over, your stored money would be in profit ,also remember, one of the reasons i chose bitcoin is it's acceptability.
For me, any day ,anytime, i would choose bitcoin over.

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e@symode
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January 19, 2019, 07:14:14 PM
 #193

It is difficult for me to talk about this, because I do not see today the opportunity to really invest in cryptocurrency as before. Today we need to do this very, very carefully. And in order to decide to do it. Need to choose the right project.
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January 19, 2019, 07:17:09 PM
 #194

If you just want to store money, use a stable coin like USDT or TUSD, etc. But if you are an investor aka you want to benefit of the cryptocurrency markets growth you should buy the king of the crypto space - Bitcoin. For bigger long term potential look into solid altcoins like Stratis, ETH, etc.
deodivine1
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January 19, 2019, 07:29:12 PM
 #195

I saw this post sometime ago but was reluctant to reply to the thread. You mentioned best crypto for storing money, I think you should be looking at stable coins like USDT if you are so scared of the dwindling market situation. But the next option will be to hold some btc or altcoins  with great project backing.
Ximoandali
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January 19, 2019, 07:35:18 PM
 #196

Bitcoin might not the stablest, but it's the most secure one.
Well, if you do not consider stable altcoins like usd usd then of course bitcoin is a more reliable coin , but I certainly would have taken a couple of coins for risk diversification!

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Stradivarioos
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January 19, 2019, 09:45:24 PM
 #197

Bitcoin. I think that if you want to use cryptocurrencies, it is best and most reliable to store in Bitcoin.

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January 20, 2019, 08:10:29 AM
 #198

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?
In general, investing in cryptocurrency brings less risk. It is recommended that you invest in BTC or ETH.


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January 20, 2019, 09:00:21 AM
 #199

I do not recommend you to store money by exchanging it to cryptocurrency. This currency is very risky, many people who experience loss when investing or moreover just storing, especially this time cryptocurrency is in a bad condition and can be worse.

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amos77978
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January 20, 2019, 09:09:03 AM
 #200

No crypto currency is best for storing money as crypto is highly volatile.. the price of a 10usd worth crypto to go back to cent in a matter of days so I don't advice you too do this
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