Which cryptocurrency is best for storing money?

[Qurelal]

I trusted Bitcoin. I feel I lose a lot of money when storing Bitcoin.

well that is what happens when you enter a market without understanding how it works first. if you entered stocks, Forex,... markets without prior knowledge and with 0 experience then you would have had the same terrible experience in them too.

you haven't stopped making mistakes either, now you are making a new mistake! you have lost money because you made bad decisions and now you are asking people to give you a magical answer about some cryptocurrency which you can buy and no longer lose money... that will lead to another loss.

 need to make payments. I can't get rid of cryptocurrency. I have to have it for my payments. I expect a loss in my situation. I don't know where these losses will be less.

well you can not use any cryptocurrency to make payments because people don't accept them. for instance if you want to purchase a VPN, the provider is not accepting all cryptocurrencies. they will be accepting bitcoin and monero and in some cases they may accept litecoin too. so in a way it is not up to you to choose which coin!
additionally how the whole market works is that if bitcoin falls, everything else falls too. so your options are limited in this case again.
the only alternative is stable coins such as Tether but the problem with these coins is that they are also high risk because despite their stability they can disappear at any moment and crash to zero.
on top of all that you will have the problem of exchanging coins back and forth. for instance if you want to make payment with bitcoin but exchange it to Tether so that you don't lose money if bitcoin went down, then you will be forced to pay 2 exchange fees and that will eat through the amount you were trying not to lose and your loss will be even bigger.

I think I'd better pay a commission for the exchange. Bitcoin race jumps are too big. I already felt it in my wallet. Thanks for the advice.

[jseverson]

Everyone pretty much covered everything, but honestly, if you're just holding and the only thing you want is not to lose money, you may as well hold your fiat instead. You don't lose, but you don't gain either. This is also infinitely better than holding stablecoins that are just a disaster waiting to happen. Traders only really "hold" stablecoins because they're easier to trade than fiat -- it's not fit for long-term storage.

I would have to agree that Bitcoin is the best. It's by far the safest cryptocurrency and the market generally follows its movements. This doesn't mean you can't lose money, of course, but that means every other alternative is likely to lose more. Holding it can lose you money, but it can earn you money as well. It's guaranteed to grow as the crypto market grows. It's also the most liquid crypto, being accepted everywhere crypto is accepted.

You'll have to weigh the options on your own and find out where your priorities lie. For what it's worth, majority of holders choose to hold Bitcoin as their primary coin.

[ice18]

Well I can only suggest a bitcoin which is the most stable coin for me for now Imagine last year up to this current date the price is still the same its $6300 this is the base of all crytocurrency thats why I also trust that bitcoin is the best cryptocurrency if you want to hold it for a long time.

[Adriano2010]

As other users say you can hold on USDC, USDT, GUSD. But anyway you can't trust 100% and be on safe side. There was some accusation against USDT not be legit and coins are generated without real holding. (1USDT-1USD). You can also hold on bitcoin, but the price may drop and if you need urgent money to cash out and you will lose money.

[Qurelal]

Everyone pretty much covered everything, but honestly, if you're just holding and the only thing you want is not to lose money, you may as well hold your fiat instead. You don't lose, but you don't gain either. This is also infinitely better than holding stablecoins that are just a disaster waiting to happen. Traders only really "hold" stablecoins because they're easier to trade than fiat -- it's not fit for long-term storage.

I would have to agree that Bitcoin is the best. It's by far the safest cryptocurrency and the market generally follows its movements. This doesn't mean you can't lose money, of course, but that means every other alternative is likely to lose more. Holding it can lose you money, but it can earn you money as well. It's guaranteed to grow as the crypto market grows. It's also the most liquid crypto, being accepted everywhere crypto is accepted.

You'll have to weigh the options on your own and find out where your priorities lie. For what it's worth, majority of holders choose to hold Bitcoin as their primary coin.

I heard about  one fact. It's not good to keep in one currency. I think in the case of Bitcoin I can be calm. Its price will fluctuate. But it can't disappear altogether, are you agree?

[Qurelal]

As other users say you can hold on USDC, USDT, GUSD. But anyway you can't trust 100% and be on safe side. There was some accusation against USDT not be legit and coins are generated without real holding. (1USDT-1USD). You can also hold on bitcoin, but the price may drop and if you need urgent money to cash out and you will lose money.

Have you tried to use these coins? What is your experience?

[Kakmakr]

I trusted Bitcoin. I feel I lose a lot of money when storing Bitcoin. I don't know and do not want to follow the river course jumps. I want to learn something new. I believe It's possible.

You only "lose" money, if you panic and sell early. <obviously something that you did, right?>  My best advise for you would be to look at Bitcoin investment as a long-term investment and to buy bitcoins and to forget about them for a few years.

If you buy bitcoins and you check the price every 10 minutes, then you will start to panic due to the short-term volatility and you will sell way too early. <even at a loss>

Buy and forget about it. 

[Qurelal]

I trusted Bitcoin. I feel I lose a lot of money when storing Bitcoin. I don't know and do not want to follow the river course jumps. I want to learn something new. I believe It's possible.

You only "lose" money, if you panic and sell early. <obviously something that you did, right?>  My best advise for you would be to look at Bitcoin investment as a long-term investment and to buy bitcoins and to forget about them for a few years.

If you buy bitcoins and you check the price every 10 minutes, then you will start to panic due to the short-term volatility and you will sell way too early. <even at a loss>

Buy and forget about it. 

I'm not a trader, I don't follow the course every 10 minutes.
I use cryptocurrency to pay for various services.
I'm not sure that bitcoin is best for storage. I could be wrong.
I want to hear your opinion.

[jseverson]

-snip-

I heard about  one fact. It's not good to keep in one currency. I think in the case of Bitcoin I can be calm. Its price will fluctuate. But it can't disappear altogether, are you agree?

Are you talking about diversifying? Like, spreading your money across different assets so you can be protected when one tanks? That concept doesn't exist in the crypto market. The market follows Bitcoin's movement, so there's no point holding different coins for the sake of diversification. It would probably be safest to hold just Bitcoin, even.

It's always possible for Bitcoin to disappear, but it's very unlikely at this point. Alts have a much, much higher risk of disappearing.

[Qurelal]

-snip-

I heard about  one fact. It's not good to keep in one currency. I think in the case of Bitcoin I can be calm. Its price will fluctuate. But it can't disappear altogether, are you agree?

Are you talking about diversifying? Like, spreading your money across different assets so you can be protected when one tanks? That concept doesn't exist in the crypto market. The market follows Bitcoin's movement, so there's no point holding different coins for the sake of diversification. It would probably be safest to hold just Bitcoin, even.

It's always possible for Bitcoin to disappear, but it's very unlikely at this point. Alts have a much, much higher risk of disappearing.

You are talking about the possibility of extinction of any cryptocurrency. If you divide the money into different currencies and one disappears, most of the money will remain, right?

[jseverson]

-snip-

You are talking about the possibility of extinction of any cryptocurrency. If you divide the money into different currencies and one disappears, most of the money will remain, right?

Yes, but the thing is, every other coin would go extinct before Bitcoin would. I mean, do you honestly see a scenario where Bitcoin dies but Ethereum lives on? The market follows its movements, so its death would also mean the market's death. Holding Bitcoin alone is just about the safest position you could be in in the cryptocurrency market.

[Qurelal]

-snip-

You are talking about the possibility of extinction of any cryptocurrency. If you divide the money into different currencies and one disappears, most of the money will remain, right?

Yes, but the thing is, every other coin would go extinct before Bitcoin would. I mean, do you honestly see a scenario where Bitcoin dies but Ethereum lives on? The market follows its movements, so its death would also mean the market's death. Holding Bitcoin alone is just about the safest position you could be in in the cryptocurrency market.

You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?

[jseverson]

You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?

Why not indeed, but we haven't really reached a point where any alt can take over yet. Would you really be comfortable storing money into an obscure coin that you believe can outlive Bitcoin? Until you can comfortably do that, your money is safest in Bitcoin, and Bitcoin alone, as far as the crypto market is concerned.

[Sheriff Woody]

This is all about preference but I like bitcoin and eth

[Golftech]

Well I can only suggest a bitcoin which is the most stable coin for me for now Imagine last year up to this current date the price is still the same its $6300 this is the base of all crytocurrency thats why I also trust that bitcoin is the best cryptocurrency if you want to hold it for a long time.

There's no question about that if you are looking for long term base investment, bitcoin really will provide greater outcome as it can grow further, if you are really an investors that can wait till you see the outcome results of your investment, bitcoin will bring positive just don't be move by any fuds around
the market.

[JoeHilton]

If you want to find a tool to store value in the long run, then I think you should recapture the traditional tools of gold or silver.

[Isallonda]

I would say Bitcoin, i dont like the USD pairs in the longrun. So BTC would always be the first choice.

[Qurelal]

You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?

Why not indeed, but we haven't really reached a point where any alt can take over yet. Would you really be comfortable storing money into an obscure coin that you believe can outlive Bitcoin? Until you can comfortably do that, your money is safest in Bitcoin, and Bitcoin alone, as far as the crypto market is concerned.

Why are you silent about ETH? It's also a popular currency now.

[Qurelal]

I would say Bitcoin, i dont like the USD pairs in the longrun. So BTC would always be the first choice.

Why do you say that? You can choose Bitcoin and be left with nothing. Many people suffered great losses and we don't know what will happen next.

[Magelausa]

If you aim at a long-term investment, which cryptocurrency is the best for this? Can Neo be such a currency or is it better to choose Bitcoin or Ethereum?