Which cryptocurrency is best for storing money?

[joseyphil82]

It depends on the one storing the money ,if the person prefer long term storing I'd advice to go for bitcoin ,that can bring better value to your holdings in near future but if the person wants to store for short term its better to use tether or usdc

[sarrpora]

This is a pretty controversial question. How can we call the cryptocurrency being good or bad for storing money? I mean from my point of view, this is basically about everyone's personal opinion. How can we be objective in here?

I would probably agree with you. Every person is interested in different industry, thus what is good for one person may be not that good for another. So the question is definitely controversial. However talking about the market in general, of course it is important to evaluate the coin before investing. And of course, in here we should use advanced solutions

[tsurpalglobe]

I would probably agree with you. Every person is interested in different industry, thus what is good for one person may be not that good for another. So the question is definitely controversial. However talking about the market in general, of course it is important to evaluate the coin before investing. And of course, in here we should use advanced solutions

Do you want to say that there are solutions that help to evaluate the market rationally? Kinda with machine learning or something. To have a deeper understanding of the industry...

[sarrpora]

Do you want to say that there are solutions that help to evaluate the market rationally? Kinda with machine learning or something. To have a deeper understanding of the industry...

Yes, of course. I am not sure that there are several, however I am aware of a truly advanced solution, Vespucci. If you are in somehow deeply in crypto, I believe you must have heard of them

[Pamadar]

If your main goal is storage, then use stable coins, the rate of which is almost unchanged and you will always be with your money.

Logically correct, but if you also desire to earned much preferred to buy Bitcoin and used it as your assets, in long term hold value may grow and while you are saving the amount of your investment will also grow together with the market, an advantage which crypto currency offers with their believers and supporters.

[Stanlo]

Its better to use tether or usdc tokens to store value especially when trading on exchanges ,buy when price drop and sell when price surge and quickly swap to tether so that you can take advantage of further price drop

[tsurpalglobe]

Yes, of course. I am not sure that there are several, however I am aware of a truly advanced solution, Vespucci. If you are in somehow deeply in crypto, I believe you must have heard of them

To tell the truth, I haven't, but would definitely be interested to check. I couldn't even imagine that there might be solutions that brings automatization into here. Can you tell me more? Or where can I read out more?

[sarrpora]

To tell the truth, I haven't, but would definitely be interested to check. I couldn't even imagine that there might be solutions that brings automatization into here. Can you tell me more? Or where can I read out more?

Just Google Vespucci. They are a part of Volentix ecosystem. In few words, it is a platform that monitors the evolution of blockchain and cryptocurrency markets and, by harnessing the power of cutting-edge AI and Machine Learning technology, delivers unbiased, robust and up-to-date rankings that represent the real value of a very wide spectrum of coins as well as their potential

[MikeyVeez]

It depends on the time, how long you plan to store it. For short term speculations you can look for a promising altcoin. For long term only Bitcoin could be recommended.

[uneng]

This is a pretty controversial question. How can we call the cryptocurrency being good or bad for storing money? I mean from my point of view, this is basically about everyone's personal opinion. How can we be objective in here?

I would probably agree with you. Every person is interested in different industry, thus what is good for one person may be not that good for another. So the question is definitely controversial. However talking about the market in general, of course it is important to evaluate the coin before investing. And of course, in here we should use advanced solutions

There are some facts about crypto currency, and facts are the same for eveyone, it doesn't change depending on who you are. To answer this question we should think about them: bitcoin is the currency that pushes the market up, bitcoin is the strongest crypto currency, bitcoin is the most valuable currency.
The best one is bitcoin with no doubts. But since you choose top altcoins like eth, ltc, xrp, bch you will be fine too, as they will rise following bitcoin during the bull runs.

[jcumins]

I always preferred to store money in BTC and ETH. But now everything changed, instead of ETH I added BNB. BNB is the most inseresny coin, in my opinion now. She allows to participate in IEO on Binance. And also it perfectly grows in the price.

[irixo10]

Before thinking of using cryptocurrencies as a store of value or rather to store your money, you should always remember to put the volatile nature of cryptocurrencies into check. Bitcoin has always been good for long term, there is no doubt about it and can also be used to pay for most services as most platforms recognise it more.

[huhhuh18]

First of all you'll need to consider a lot of factors regarding storing your money. That is, for profits, stability, long/short-term earnings etc and that'll determine your choice of coin. Nevertheless, the first on my list will always be Bitcoin. It's proven countless times that it's the best so far.

[martabaktelor]

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?

I think about what you say. That a good coin for you to invest in the top coins. Especially for Bitcoin and Ethereum, This is a coin with a huge community. So these coins continue to have very large supporters and the trading volumes will be very easily experienced.

[candra raditya]

I think bitcoin is the best or you can also choose coins that have the top 10 ranks, it will be better and more likely to survive.

[sammy21]

First of all you'll need to consider a lot of factors regarding storing your money. That is, for profits, stability, long/short-term earnings etc and that'll determine your choice of coin. Nevertheless, the first on my list will always be Bitcoin. It's proven countless times that it's the best so far.

for bitcoin investment it's the right choice, but for trading choosing bitcoin will be difficult. because the price movements don't happen as fast as altcoin. most store bitcoin for the long term. whereas for trade you can choose assets that move faster and trade more heavily.

[Pet240]

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If i truly understand what you mean by storing, i guess you are not looking at investing into cryptocurrency, but that if you could store in crypto in a way in which you can easily have access to it since you still use it. I think you should go for stable coins.

[Aalu]

If you do not wish to trade and want to keep your assets safe, there are many stable coins. You can convert and store your coins in these stable coins. But my advice is that you should not store coins. Rather it will be beneficial to trade. You can opt for day to day trading to get fast returns on your investment. You can also buy bitcoin and hold it for long term as the coin gives higher investment security.

[novusordo]

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?

I believe you already gotten an answer to this if you mean converting crypto to a stable coin, I suggest using TUSD, USDT and PAX. They have been serving me for long and are reliable.

[Pffrt]

In any case, it must be bitcoin only. It is quite secure than any other coin, even better than stable coin. Stable coins are centrally controlled which is very risky for storing money.