What should I convert my money into?

[cutesgirl]

Convert your money with bitcoin and top altcoin, your money will increase every day and you can earn your profit with convert to bitcoin. If you save your money keep in the bank you just getting the same amount with your saving but not the same value with how much money you save, after you convert become altcoin and bitcoin assets you can earn profit every day depend with how much bitcoin and altcoin price grow up.

[DabsPoorVersion]

Converting your local money to cryptocurrency is the best of choice. Whether if it is directly to bitcoin or any popular altcoins in the market such as ETH, XRP, or ADA. Investing it is much better to keep your money because you may make a profit out of your investment.

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

I do agree, after investing in cryptocurrency, common mistakes of some investor is for being too much greedy and being impatient.
This will only lead to losing some of their funds, making an investor to make quick decisions and might become the reason to lose all of it.

Convert your money with bitcoin and top altcoin, your money will increase every day and you can earn your profit with convert to bitcoin. If you save your money keep in the bank you just getting the same amount with your saving but not the same value with how much money you save, after you convert become altcoin and bitcoin assets you can earn profit every day depend with how much bitcoin and altcoin price grow up.

Converting fiat to crypto is indeed true that can give you a profit, but it is not actually every day. You can't determine the flow of the market, and investing in crypto will not assure any individual for a guaranteed profit.

[Kevondo]

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

If this is the case, then my sincere and friendly suggestion would be to invest in bitcoin. Now that he has this option, there is no point in thinking about USD or any other currency of any form. Nothing is as secure and beneficial as bitcoin is. USD holders invest their money into bitcoin. There are no risks with the king of crypto currencies. Still, if you have doubts, you can read about people who became millionaire with bitcoin.

[darkangel11]

Convert your money with bitcoin and top altcoin, your money will increase every day and you can earn your profit with convert to bitcoin. If you save your money keep in the bank you just getting the same amount with your saving but not the same value with how much money you save, after you convert become altcoin and bitcoin assets you can earn profit every day depend with how much bitcoin and altcoin price grow up.

And why should he choose top altcoins? Altcoins follow BTC so the best is to simply buy BTC. Differentiating doesn't work in the crypto world!
Idiots are repeating the same thing over and over: buy some bitcoin and some altcoins so that you don't put your eggs in one basket. Bitcoin and altcoins are one basket!
Forget altcoins buy bitcoin and if you want to differentiate buy bitcoin and real estate or bitcoin and gold.

[aysg76]

The thing is that its your hard earned money and you can seek advice from others but always choose the best suitable option according to you.There are many feilds in which you can invest you money like share,bonds,gold  which have high returns in long period but if you are risk taker then you can invest your $1k in cryptocurrency in most potential altcoins or simply invest in bitcoin which can give you high returns within short span of time but you need to be patient and think wisely in situation of dumps.So be careful where you put your capital.

[Edraket31]

The thing is that its your hard earned money and you can seek advice from others but always choose the best suitable option according to you.There are many feilds in which you can invest you money like share,bonds,gold  which have high returns in long period but if you are risk taker then you can invest your $1k in cryptocurrency in most potential altcoins or simply invest in bitcoin which can give you high returns within short span of time but you need to be patient and think wisely in situation of dumps.So be careful where you put your capital.

First let us understand what is our goal or priorities at the moment, do we need to invest, do we need to pay our debt first or to put up business. As per me, if ever I will pay debt  first, save for investment and for business. I won't go to investing as long as I have debt thats my first goal so I will have peace of mind while doing investment or business.

[FanEagle]

There is no point running from fry pan to fire, if you are running from your countries currency and you say you are taking it to usd, another countries currency that is already losing value too, how has your money now become a safe haven? The best place where I can advise you to keep your money would still be inside bitcoin, because bitcoin is okay for it is decentralized and it is not a controlled currency.

You just need to have it in mind now that bitcoin has some volatility presently, but that would not affect your money forever, though it depend on the time you are tying to the money, but if you don’t have any time frame for removing it, I will advise you put it in bitcoin marketcap presently because as the market cap grows. So, as your investment in the coin overtime will also grow.

[Vishnu.Reang]

Well.. I have to agree with you on the Russian Ruble. Back in 2014, the exchange rate was around 1 USD = 30 RUR. Now it has become 1 USD = 63.5 RUR. It has lost more than 50% of it purchasing power during the last 5-6 years. But Bitcoin is also risky, as it is very volatile. I would advice you to purchase gold. Even the Russian central bank is accumulating gold. They have been one of the largest buyers of gold since 2014.

[alexsandria]

Actually there investigation are all sucked. Just asking the customer where suh money goes without going to planned procedures to prove such suspicious thought was apparenly not understandable, and somehow a clear direct hit for individuals right. It seems that they will be all going strict, and I wonder why it is besides from the fact that they are avoiding unlawful events.

Yes, it is better to have your money be in BTC rather than to lose by just because of unclear visions.

[electronicash]

Actually there investigation are all sucked. Just asking the customer where suh money goes without going to planned procedures to prove such suspicious thought was apparenly not understandable, and somehow a clear direct hit for individuals right. It seems that they will be all going strict, and I wonder why it is besides from the fact that they are avoiding unlawful events.

Yes, it is better to have your money be in BTC rather than to lose by just because of unclear visions.

if charts doesn't break out to moon, the chances of it to go down again will be higher. while trading, its best to just keep on stablecon still. prices are green everyday but there is no real changes to it actually. its hard to see whether bulls are going to remain bullish when any of them can take profit any moment. if it weren't for the news like chinese coin and the halving effect, those guys would have dumped to pul the price down to $7k.

[7788bitcoin]

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.

Every individual is responsible for what they do with the money they earn, some like to trade and some like to gamble and some like risky trade and they all do that because they understand the risk involved, if you are entering a highly volatile market looking to earn some quick money you should expect that the market can go down like that too and if some people sell their coins seeing at the volatility then i just have one question to ask, what is the purpose of investment when you have no clue about the market and these dumb people most likely loose their capital.

[Wintersoldier]

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.

I can't see the direct relationship of people becoming greed then losing some funds. In the first place if we are greedy, why would we decide to cut our investment? Because for me, becoming greedy into cryptocurrency especially when hodling as much bitcoin as we want contributes to its increase in market price. There's no bad idea about helping it to develop, and for me, the reason why lose fund is because of panic selling. Not because we are not patient, but it is our small resistance to sell that makes us lose our funds.

[matchi2011]

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.

Every individual is responsible for what they do with the money they earn, some like to trade and some like to gamble and some like risky trade and they all do that because they understand the risk involved, if you are entering a highly volatile market looking to earn some quick money you should expect that the market can go down like that too and if some people sell their coins seeing at the volatility then i just have one question to ask, what is the purpose of investment when you have no clue about the market and these dumb people most likely loose their capital.

Your money, your responsibility. A lots of people jump into this market without proper knowledge and ended up losing their capital, it should be known that it is not an easy process or a quick venue to earned money. There's a chance that you will lose everything with a simple mistake, things needs to be learned and better understanding gives you a good outlook with how you will be able to manage your investment.

[Kevondo]

The thing is that its your hard earned money and you can seek advice from others but always choose the best suitable option according to you.There are many feilds in which you can invest you money like share,bonds,gold  which have high returns in long period but if you are risk taker then you can invest your $1k in cryptocurrency in most potential altcoins or simply invest in bitcoin which can give you high returns within short span of time but you need to be patient and think wisely in situation of dumps.So be careful where you put your capital.

First let us understand what is our goal or priorities at the moment, do we need to invest, do we need to pay our debt first or to put up business. As per me, if ever I will pay debt  first, save for investment and for business. I won't go to investing as long as I have debt thats my first goal so I will have peace of mind while doing investment or business.

That is a nice start but I think in any case, investing at right place comes at the top. Once he will spend money in right asset and earn good amount of profit, he can start a business or go with clearing the debt history. He can do with his money whatever e likes to. I would suggest investing in bitcoin and then solving all sort of problem, fulfilling all desires with the help of this coin.

[kapalmabur]

The thing is that its your hard earned money and you can seek advice from others but always choose the best suitable option according to you.There are many feilds in which you can invest you money like share,bonds,gold  which have high returns in long period but if you are risk taker then you can invest your $1k in cryptocurrency in most potential altcoins or simply invest in bitcoin which can give you high returns within short span of time but you need to be patient and think wisely in situation of dumps.So be careful where you put your capital.

First let us understand what is our goal or priorities at the moment, do we need to invest, do we need to pay our debt first or to put up business. As per me, if ever I will pay debt  first, save for investment and for business. I won't go to investing as long as I have debt thats my first goal so I will have peace of mind while doing investment or business.

That is a nice start but I think in any case, investing at right place comes at the top. Once he will spend money in right asset and earn good amount of profit, he can start a business or go with clearing the debt history. He can do with his money whatever e likes to. I would suggest investing in bitcoin and then solving all sort of problem, fulfilling all desires with the help of this coin.

if you invest in bitcoin from now on in my opinion it will not be guaranteed in the future what it will be,
I'm not saying if it's too late, but I hope you have a strategy for this

[smyslov]

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.

Cryptocurrency will get better, and is not getting better, if your plan is to convert your ruble to Cryptocurrency for future profit, then go for stable and top coins in the market, don't go down the top 5, this had been the case of many people living an uncertainty economy, Cryptocurrency has become a haven for them, and they made a good decision, you can even transport this to other countries compare to gold which you cannot get out of your country.

[Yatsan]

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.

Every individual is responsible for what they do with the money they earn, some like to trade and some like to gamble and some like risky trade and they all do that because they understand the risk involved, if you are entering a highly volatile market looking to earn some quick money you should expect that the market can go down like that too and if some people sell their coins seeing at the volatility then i just have one question to ask, what is the purpose of investment when you have no clue about the market and these dumb people most likely loose their capital.

Entering whatever market will be just a lose if you sell your coin at a losing price. You will not lose your money if you do not close the trade with a falling price. Winning the trade is not's just about being good in following trends or buying at the right time. You need patience to win every trade you will make, Each loses is only a potential loss if you are not closing the trade you just need to wait to win it.

[Aabcde]

If you want your money to stabilize within a few years, then I think buy USD. But if you want to take the risk, buy all bitcoin from your funds at $ 1k. But when viewed as a whole from the beginning bitcoin appeared until now, the price tends to rise like a mountain track. And in my opinion you will get 80-300% in the next 2-3 years if you buy bitcoin. And of course, you need to have other funds to meet your daily needs aside from the $ 1k.

[fiulpro]

If this is the only savings you have have you know that it is very important then you should understand that the consequences of converting it into Bitcoins , if you are looking for a more secure side go for gold or USD , USD might be a bad option honestly since we all have seen how it's going down these days therefore gold could be your thing but then again it's your choice.
Best of luck .

[horrifiedx1]

If you want your money to stabilize within a few years, then I think buy USD. But if you want to take the risk, buy all bitcoin from your funds at $ 1k. But when viewed as a whole from the beginning bitcoin appeared until now, the price tends to rise like a mountain track. And in my opinion you will get 80-300% in the next 2-3 years if you buy bitcoin. And of course, you need to have other funds to meet your daily needs aside from the $ 1k.

but to invest in bitcoin we must know clearly about the risks involved. indeed we see trends in bitcoin going up, but there is no guarantee to increase your investment in the next 3 years. By knowing the risks, I think it will make it easier for us to invest without worrying every day