What should I convert my money into?

[asus09]

If me, i will convert it to bitcoin. I mean if convert to fiat, it will almost same and fiat not really much volatile. It is controlled by Bank and for investment, we look for higher profit. But as long you understand the risk, so you prepare for anything like lose in investment. But i believe bitcoin will rise in future.

if we didnt want to convert on fiat, we could convert it into other investment portofolio such as gold, property or anything else.saving fiat only give security, but it didnt give us good return from its value.if we still save it in crypto market, we could diversify our profits into good altcoin such as eth, ripple , binance and many other.we should not worry with this coins, as major altcoin these coins have good performance in market.

Gold can be option, because Gold's price is tend to always increased. But to make investment in gold it is better to use very high capital. Because time to wait will worth if we can get high profit from it. If medium investment, still bitcoin is best. Although risk is almost same with profit, bitcoin still be best option in digital investment so far.

Convert your money become gold investment assets because good option with stable price of gold investment, you can convert with bitcoin or altcoin but you have ready  when bitcoin or altcoin price back to lower, possible with convert become gold assets because gold never have lower or down price like bitcoin and altcoin price, just keep your money become gold assets and keep it safety than convert with crypto.

[Genemind]

If you're doubting about your own currency, then it's fine to choose BTC over it. We all know the advantage of investing in crypto both long term and short term. If you would want to divide your money into two investments then it's for you to decide. Just be sure to choose where you could gain a better profit. It's just important that you'll know how to keep and store your funds.

[Casdinyard]

I know this is opinion-related topic and I shouldn't consider your answer as financial advice. Anyway I'd like to see what you think about it and what you would do. Even better, you could reason why you think this way.

Sure and everyone here has a different perception when it comes to investing.
So basically if you want to invest in crypto or in other forms of investment, make sure that the money you will use is your spare money so you wouldn't end up cashing out early thus don't expect quick bucks.

And make sure you diversify your assets well, specifically on offline ventures.

[Republikcoin.com]

If you're doubting about your own currency, then it's fine to choose BTC over it. We all know the advantage of investing in crypto both long term and short term. If you would want to divide your money into two investments then it's for you to decide. Just be sure to choose where you could gain a better profit. It's just important that you'll know how to keep and store your funds.

if interested in crypto investments, I think bitcoin is indeed the best place to exchange your money. it's just that it will be a pretty risky investment because we know that bitcoin education is very fast and irregular. however, if it is a very valuable asset, I would recommend to invest in physical things such as gold, houses, or other things that you can feel are beneficial.

[sirminesalot]

If you're doubting about your own currency, then it's fine to choose BTC over it. We all know the advantage of investing in crypto both long term and short term. If you would want to divide your money into two investments then it's for you to decide. Just be sure to choose where you could gain a better profit. It's just important that you'll know how to keep and store your funds.

the right choice and good advice in choosing how to invest with cryptocurrency and cryptocurrency is the currency that will be used in investments using crypto and bitcoin currencies maybe hopefully the right choice makes us get a profit for long-term investment

[jets567]

Upon reviewing post history of OP, I think he/she is now determined to invest money on Bitcoin based on OP's previous thread about Buying $150 worth Bitcoin every week and currently looking for a long term partnership. Therefore I think OP might have the idea about the risk and reward in Bitcoin investment so the only advise I could give is don't let FUD's affect his/her belief about Bitcoin, have some patience, hold and trust the process.

[shoreno]

you said crypto is not the best choice to store money but why are you still here ?  now you still insist to choose between btc and usd  ? but if financial crisis is also one your concern then i still didnt think that btc or crypto are the good choice to preserve your money because they are still volatile . who knows maybe your money will fluctuate and dump ? also if theres are financial crisis , i think cryptos are also going to get affected because people do also use fiat to buy btc/cryptos

[beerlover]

I would definitely hold it in either bitcoin or gold. That is what I see bitcoin as, a collateral against the world economy, the moment economy goes south there is absolutely no way to recover from that unless you are out of it totally and bitcoin/gold is out of it. You can definitely find other stuff but if you are in foreign currencies, forex, stocks, cash, savings account and whatever else you can think of there is really no way to make it back, hence I would always stay out of it and will always try to stay out of it as much as I can.

There is really no purpose on staying in the finance world except spending it, sure you can have a bit spending cash, fiat works wonders when you need to buy stuff but if we are talking about money that you put aside and don't touch, fiat makes the least sense.

[ReiMomo]

I will not dictate you where you are going to choose to invest your money but IF I were in your place I will choose Bitcoin as an investment. But first, you will know how risky it is because of its characteristics to have a very high fluctuations and they called it volatility. So, therefore, when there is a massive dropping of the price it has also an opposite reaction that might possible surge back in the market and in that way you can earn in bitcoin investment but no one knows when it will happen. Bitcoin is very risky but it has good potential among a real state like valuable metals.

[Oceat]

you said crypto is not the best choice to store money but why are you still here ?  now you still insist to choose between btc and usd  ? but if financial crisis is also one your concern then i still didnt think that btc or crypto are the good choice to preserve your money because they are still volatile . who knows maybe your money will fluctuate and dump ? also if theres are financial crisis , i think cryptos are also going to get affected because people do also use fiat to buy btc/cryptos

If I were OP, I would definitely invest it in Bitcoin while holding for more than a year since Bitcoin will definitely gonna get expensive in no time. Investing your money in Bitcoin will help you in the future if there is a financial crisis happening in your country. And as long as there is blockchain technology and Bitcoin existing, your money is safe in the future.

[angrybirdy]

you said crypto is not the best choice to store money but why are you still here ?  now you still insist to choose between btc and usd  ? but if financial crisis is also one your concern then i still didnt think that btc or crypto are the good choice to preserve your money because they are still volatile . who knows maybe your money will fluctuate and dump ? also if theres are financial crisis , i think cryptos are also going to get affected because people do also use fiat to buy btc/cryptos

OP didn't mean to say that crypto is not the best of choice to store his money, local currency (Russian ruble) is.
refer below.

I have about $1k in local currency (Russian ruble) and I strongly believe that this currency is not the best choice to store money for long periods.

OP is thinking if he will convert his local currency to secure the safety of his investment whether to BTC or USD, or maybe both.  He is confident to store half of it to bitcoin.

I suppose I will convert it to either btc or usd, I can't choose what is better... maybe I have to store money %50 in btc and %50 in usd... but I read somewhere there can be another global financial crisis soon... perhaps I could only store it as btc

[k@suy]

Upon reviewing post history of OP, I think he/she is now determined to invest money on Bitcoin based on OP's previous thread about Buying $150 worth Bitcoin every week and currently looking for a long term partnership. Therefore I think OP might have the idea about the risk and reward in Bitcoin investment so the only advise I could give is don't let FUD's affect his/her belief about Bitcoin, have some patience, hold and trust the process.

I hope that the OP has the firm decision now, and it is clear now to him that bitcoin price to go to the moon is uncertain. He will need a lot of patience because long term investment in bitcoin is too risky and a lot of dumps wi be happen , but we all know that bitcoin will soon go to the moon in its ATH price again.

[ioanbtc]

If i have now on extra 1000$ to invest i will 100% put all money on bitcoin because never dissapointed and i wait for 2020 when i think the price for bitcoin will really boom.

[darkangel11]

Gold can be option, because Gold's price is tend to always increased. But to make investment in gold it is better to use very high capital. Because time to wait will worth if we can get high profit from it. If medium investment, still bitcoin is best. Although risk is almost same with profit, bitcoin still be best option in digital investment so far.

Gold holds value pretty well but how will you buy anything with it? It's great if you're planning to hold for a long time but if it's your money for emergencies it's best kept ins something that can be traded fast.
Gold also can be seized unlike cryptocurrencies. There was a story about someone losing gold on the border. You might want to travel to the EU one day when it gets worse in Russia and then they'll steal your gold on the border or tell you to pay tax right there or you'll be denied entry. I'd buy at least some bitcoins but 1k USD is not a lot to play with.

[desticy]

First of all, you must understand that no matter what happens to your money after you invest somewhere it is your responsibility.
It is you who will be the culprit of the fact that you will lose or increase your capital.

As a rule, people like to blame others for their losses. When choosing assets for investment, first of all, pay attention to the cryptocurrency market and the stock market.
Fiat currencies are now in rather unstable condition, perhaps only the dollar and the euro can be attractive today.

 It will not be superfluous to keep part of the free money in these currencies in view of the fact that they are the offspring of the dominant financial world systems.
Bitcoin can be a good place to invest, but you must understand how the market works and that it can take a long time to wait for some significant growth.

[dimox]

invest in bitcoin js good choice, but you must think about your lust too. sometime people not patient when see the price is rise. and sometime people too greed and not decide when he will cut it, so the result they lose some fund.

[Serco]

invest in bitcoin js good choice, but you must think about your lust too. sometime people not patient when see the price is rise. and sometime people too greed and not decide when he will cut it, so the result they lose some fund.

thats human nature,they want to earn money as much as possible they can.greedy also be traders nature,they thinking could gain alot of profits only in near  time.holding their asset when profits although its profits already alot be their habbit..good investment not on bitcoin only,if we have much money we could split it into investment with high risk,medium risk and low risk.dont ever put it on one place only.

[karanggatak]

I have about $1k in local currency (Russian ruble) and I strongly believe that this currency is not the best choice to store money for long periods.

As you might know, there was a Crimea occupation done by Russians about 5 years ago. This was followed by sanctions USA and EU put onto Russia. After that ruble devaluation started. It actually could be stopped by now, at least hindered, as some serious people say, but the Bank of Russia(local fed) doesn't do anything. Though it must and has all resources to.

I suppose I will convert it to either btc or usd, I can't choose what is better... maybe I have to store money %50 in btc and %50 in usd... but I read somewhere there can be another global financial crisis soon... perhaps I could only store it as btc, I know there is a lot of people in Nigeria buying btc because its currency is hyperinflated and majority of population there don't have bank accounts. Well, the policy of Bank of Russia can also lead to unbanked population due to the fact there are lots of banks blocking all "suspicious" transactions without even explaining why it is so "suspicious". Oh and you also should tell where did you get this money and where they go to, otherwise we close your bank account, dear terrorist-money-laundering scum client.

I have reasons to believe Russia will finally turn to its African sibling in several years.

I know this is opinion-related topic and I shouldn't consider your answer as financial advice. Anyway I'd like to see what you think about it and what you would do. Even better, you could reason why you think this way.

if I suggest it's better to save your money into bitcoin because bitcoin is a good store of value and in the future the price will be more expensive. but bitcoin also has risks because of its volatility. but I don't think that's a problem because with this volatility we can buy cheap and sell when prices are high. we just need to be patient and not easily panic when the price of bitcoin goes down.

[STT]

I have about $1k in local currency (Russian ruble) and I strongly believe that this currency is not the best choice to store money for long periods.

The ironic thing here would be the central banks of Russia and China have been accumulating gold over the last ten years and selling their dollar based assets.   The USA on the other hand despite being the largest holder of gold is also stepping further away from this standard by over producing new dollars far beyond GDP growth.

I'm not sure the hold of any central bank FIAT is completely sensible as it is just a promise and we have much turmoil and upset ahead in global economies but surely its better to choose the more fortunate position of the two, one owes trillions and the other owes much store of gold as a deliberate policy over the last decade.   The debt value is going to be defaulted on most likely, where as a build up of gold asset to that central bank would suggest they intend to honour obligations.

[toast]

invest in bitcoin js good choice, but you must think about your lust too. sometime people not patient when see the price is rise. and sometime people too greed and not decide when he will cut it, so the result they lose some fund.

Very good advice and advice in my opinion and of course very large risks that will be obtained in investing with crypto and bitcoin currencies in particular and what makes investors experience failure is greed and lust in getting large profits and in my opinion in conditions like now are needed confidence and patience and investors must be smart in taking advantage of every opportunity that will be obtained in investing