Most Secure Currency to Hold Funds - page 6.

Vaskiy

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Quote from: erikalui on December 15, 2016, 10:08:34 AM

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

That's true gold will be stable for a long than any other commodity or investment. But from op's quote I believe he is sure that bitcoin is the best source to store values, only the fear of fluctuations make him move towards other forms of investing. I suggest to try to understand better about bitcoin and stick to it. You'll be profited and won't go down though you've lots of bitcoin.

CraigWrightBTC

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Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

The most secure cryptos currencies to hold funds for right now of course bitcoin its self, the gold is just for saving money and long term investments. I think the gold is not lose value if making investing in it, it is become best choice for investment but the problem is slow growing.
I will make investment not one place for bulk of wealthy, i will put it on properties, gold, bitcoin and capital for business.
never put the eggs on one basket

Babayega31

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Quote from: DrGuns4Hands on December 16, 2016, 10:11:41 PM

it would be much better if you're gonna put your money in gold because gold is a good and better investment and one more thing gold is increasing its price in every year passed thats why im suggesting that you could put it on gold than usd. usd is not stable just like other currency because its depending about its economy cycle while gold has more stable and more profitable to put your money into.

For me best is to invest with crytocurrency trading because its more profitable rather than gold because its market trending fluctuation spikes long term rise and slow falling due to its demand. This time you should be more observant specially investing your funds at the right time and gold nowadays is not really in demand because there were lots like silver, copper and titanium which is another alternative of gold. As everyone's feedback of cryto currency tradings its reputation is high to most bitcoin users.

DrGuns4Hands

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it would be much better if you're gonna put your money in gold because gold is a good and better investment and one more thing gold is increasing its price in every year passed thats why im suggesting that you could put it on gold than usd. usd is not stable just like other currency because its depending about its economy cycle while gold has more stable and more profitable to put your money into.

Bitcoinsummoner

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Since you are afraid to be lose in bitcoin if the price of bitcoin will be crash i think only local banks can gives you more secured stay your money there and save for a long time and i think banks are offering also to invest your money like here that we have 5% profit every that you can get with your investment and it is more secured and i think if they be bankrupt they can be still payout..

Noctis Connor

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much better if you put it on gold because as you can see gold are increasing their prices this past few years because gold is more precious than paper like USD. and gold is a good investment to interms of gaining more profit. im planning to cash out my bitcoins too but im still waiting till it hits $1000 so i can invest it more in a good thing. im planning to put the half of it on gold. and the other half im still thinking about it.

eternalgloom

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I'm personally in favor of cashing out in both gold and fiat, just to diversify a bit and being able to use the money directly.
Also because those are just 2 easy ways to cash out Bitcoins.

Mastsetad

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Quote from: erikalui on December 15, 2016, 10:08:34 AM

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

If someone is just willing to save but not thinking about getting any profits then i guess their home currency would be the best, because though gold does not drop its price like bitcoin but if you are having cash saved then you wont be worried at all that what if there price drops or something like that happens.

torontoluxuryhomes

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Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

This is a really good question and I think it's not easy answer.
Maybe some years ago, the best motto was "buy an house" (a luxury one Wink

maybe).

I think btc as a [digital] asset could be the best solution: easy to store, easy to resell, acceptable worldwide, anonymous etc etc...

millgates

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Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

I think the most secure thing to hold funds is in gold, becouse I see the value is always the same although the price is litle bit fluctuative.

kryptqnick

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Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

I think gold is more reliable then USD, because it is universal (so, if USA crashes gold is still worth a lot) and because it passed the test of time. As for the idea of cashing.. I understand the idea is scaring you but I wouldn't cash out the money now. At least maybe you should live 10% in btc just in case Wink

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Quote from: Ayers on December 15, 2016, 12:44:12 PM

Quote from: deisik on December 13, 2016, 11:10:40 AM

Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

Hard assets (such as gold) don't work anymore

Whoever decides to disagree may want to take a look at gold prices for the last 40 years or so to get an idea what I'm talking about. I have a strong suspicion that the same is basically true with any such assets which are purportedly considered as hard (e.g. real estate). Given the amount of derivatives flooding the markets (such as paper gold or mortgages), the price of these assets is no longer a metric of their real value, and that could stay indefinitely long (again, see gold). The only way to preserve wealth (let alone increasing it) seems to be active investing now. The times when you could just sit and wait patiently till the poop plops down are long gone

ironically this is true with bitcoin, sititng here from $200 fold watching the price increase is exactly what gold can not give you anymore, but bitcoin can and will do even better in the future, gold is old, i would not invest anything there anymore, bitcoin is the real future now

Yes, this is a fact for sure

If we somehow forget that Bitcoin had collapsed from over $1,100 per coin before the recent rally started. Other than that, I would say that it rather proves my point than refutes it. As I said in my post, we should stick to active investing. We don't know whether Bitcoin will continue to climb the mountain (no Gox intended), or plunge into the abyss again in the future. Active investing with Bitcoin means that we shouldn't just sit on our stash of bitcoins and wait till it turns into dust, but try to multiply it in every way possible so that the break-even point of our Bitcoin investments eventually turned into negative

Ejinx

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Bitcoin and usd

raja2sumi

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well there nothing called safe in this world .otherwise it would the peaceful place well unfortunately that is not the case.people have gone too far .i would suggest u to invest half and half to save in fiat in ur banks and others to invest in bitcoins .

nizamcc

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Quote from: izanagi narukami on December 15, 2016, 12:40:31 PM

As I know , gold are stable investment compare if you're investing on bitcoin.
So I'm suggest if you have many bitcoin, you better invest some of it into gold since bitcoin consider as risky investation

Why is it so? Bitcoins are riskier even more than gold?
I think that OP should still hold his coins and wait for the price to increase, so to sell his coins for USD itself as it will give him more reward than what he would get with gold.

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Quote from: deisik on December 13, 2016, 11:10:40 AM

Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

Hard assets (such as gold) don't work anymore

Whoever decides to disagree may want to take a look at gold prices for the last 40 years or so to get an idea what I'm talking about. I have a strong suspicion that the same is basically true with any such assets which are purportedly considered as hard (e.g. real estate). Given the amount of derivatives flooding the markets (such as paper gold or mortgages), the price of these assets is no longer a metric of their real value, and that could stay indefinitely long (again, see gold). The only way to preserve wealth (let alone increasing it) seems to be active investing now. The times when you could just sit and wait patiently till the poop plops down are long gone

ironically this is true with bitcoin, sititng here from $200 fold watching the price increase is exactly what gold can not give you anymore, but bitcoin can and will do even better in the future, gold is old, i would not invest anything there anymore, bitcoin is the real future now

izanagi narukami

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As I know , gold are stable investment compare if you're investing on bitcoin.
So I'm suggest if you have many bitcoin, you better invest some of it into gold since bitcoin consider as risky investation

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Quote from: erikalui on December 15, 2016, 10:08:34 AM

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

When you have gold you need to sell it on gold stores or find someone special because you can't exchange it to money just everywhere. it's definitely can't be sold anytime and if you have so many gold you need to make a planning to keep your gold secured,whilst with bitcoin anyone in real life can't see what you're going to do and you can just exchange it safely in known exchangers which is trusted

erikalui

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Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

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Quote from: OmegaStarScream on December 12, 2016, 12:32:00 PM

Quote from: TraderCal11 on December 12, 2016, 12:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

I would go anytime for either gold or silver while leaving USD,EUR,GBP or any other fiat currency . Gold exists for thousands of years and I don't see why It will start losing so much value or being unused right now .
If you want to store your wealth then gold is the way to go , If you want to get profit then I guess BTC is always the way to go. Bitcoin may not stable but the likely thing to happen in the future is a price increase as more and more users are coming everyday.

I have the same opinion. Gold has a constant value throughout the centuries anywhere in the world. Maybe a part of your funds you have to invest in real estate. There are many places where is difficult anyone to lose his money. At last I would keep a few coins because their future appears much more certain of fiat money.

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