Most Secure Currency to Hold Funds - page 8.

Pursuer

legendary

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Where is my ring of blades...

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?

your answer as it was said once before is diversification.

you first calculate the risks and rewards and their ratio for each investment and then decide which ones to choose. of course that is only if you have a considerable amount that you can buy considerable amount of each! for example you can't diversify with $500 it is not worth it!

but if you have more, then list all the things you can buy (gold, silver, stocks, fiats "USD, GBP,...", real estate,...) and then see how much risk is acceptable to you and then invest in those with future if the time is right.

deadsilent

hero member

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You should do it to usd. Usd is really moving up right now. I think its a good time now. But if you are going for long term. I suggest you to buy gold. Gold is good because its price is never crashing. Itcoin is really good for.investment. if you want to double your money for just a short time. Bitcoin is good for you. If i were you, i will convert my half of my bitcoins into gold or cash and leave the half for investment.

KennyR

hero member

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Its better that you go with usd, gold value won't vary much similar to bitcoin price. I used to save some of my wealth in terms of bitcoin and on emergency used to cash out for local currency. Gold as a wealthy commodity has the increased acceptance among most population due to its value generated from a long back evolution.

error08

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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 you are a lucky man, your fears of losing money if bitcoin price crash indicate you have a large amount of bitcoin.
I've planned about my wealth in the future, to divide your wealth into several forms is the best way. Choose to buy land, gold, bitcoin, cash in banks, start your own business and invest somewhere you trust.

deisik

legendary

Activity: 3514

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English ⬄ Russian Translation Services

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

robelneo

legendary

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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?

So far Bitcoin is a safe and profitable investment,but if you are not comfortable,you should not put all your eggs in one basket,you can put some in dollar denomination,and some in gold and the others in real estate property or even stocks,but whatever you choose,keep update on your investment for any news of appreciation or depreciation.

erpbridge

legendary

Activity: 954

Merit: 1000

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 feel its justified to worry. Why don't you instead cash out say half or 3/4th of the amount you feel comfortable holding, and invest the rest in gold ? If you are holding your money and would like to have it stay its worth, then move over to gold. If you want to take a little risk and don't mind ups and down or want to risk it as an investment, then bitcoin would be fine.

~Bitcoin~

legendary

Activity: 994

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I think you are quite scared about bitcoin price dump in future but for a big dump in bitcoin price there need to be some reason, so if you keep close eye on all bitcoin related updates daily you don't have to worry about losing rather holding bitcoin can make your profit. For example look at the price of bitcoin few months ago and now, that is huge growth.

But if you don't like to sleep with fear, you can diversify your holding to like USD, Bitcoin and Gold/Silver.

JariKriting

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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?

what do you want investment, in longterm, medium term or shortem
if you want longterm investment over 5 year in hold , is good your hold in gold, because gold price is always incraese is longterm never down price is your hold over 5 year
but if you want shorterm investment, is good you hold bitcoin, or you can trading inday trade, so your money can fast growth

btcdiggingmaster

hero member

Activity: 644

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Transact Safer / Chase Better

We need to plan differently here because bitcoin price is keep changing and even with gold also, so don't keep all your eggs at one place. Simply divide your funds and buy what ever you want to convert. That is the best idea because we are unpredictable world so no one knows what is going to happen tomorrow, so plan it wisely convert them into different currency so if one is down you can make profit with other.

Zadicar

legendary

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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?

Actually no one could able to force you on which investment would you take but in my own view and if i have the wealth i would choose the two things gold and bitcoin even gold does have a good value but bitcoin also had a good potential to make profits on long term. Every investments do have risk on lossing money and bitcoin is not exception to that even on gold but you are right its value wont be easily depleted though.

MingLee

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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 personally do a lot of fiat exchanging, but that's probably a bad idea due to some of the exchanges I use and the rapid variations between the value of currencies I trade.

The best thing to put your money into is more than likely gold or silver, depending on how close you can get to the spot value and what quantities you're buying in.

It all depends, but precious metals are a good choice.

pooya87

legendary

Activity: 3472

Merit: 10611

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 am currently holding 80% of my money in bitcoin and the rest is in fiat.
but if you are scared of bitcoin price crashing you should sell and go back to fiat (USD or others) or you can reduce the percentage to a level that you feel safer, it is always wise to invest what you can afford to lose. because it is all about risk management. something that you still make a good profit from rises but you won't be devastated if prices went down.

Superways

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First of all you should not have to scare about that bitcoin will crash because bitcoin is now going more stronger with each passing day but if you like to cash them out then I will suggest for Gold because it is more stable and everyone want to make it stronger while no one know about the price of USD it can crash any time if any bad decision came out from USA.

yayayo

legendary

Activity: 1806

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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?

Everything can crash or fluctuate in price relative to everything. Looking at Bitcoin's history it so far has been an incredibly good store of value compared to fiat trash money.

I can't believe that you are even considering selling your Bitcoin for USD fiat money! The USD like all fiat money is guaranteed to continually loose purchasing power, because it is subject to constant monetary inflation of central banks. You should keep larger sums of fiat money only for short periods of time. Given the extremely high level of government debt, you're taking an extremely high risk when holding fiat money.

Gold and other precious metals are a good option for diversification. These metals can't be inflated by governments and are therefore historically much safer than fiat money.

ya.ya.yo!

OmegaStarScream

staff

Activity: 3500

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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 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.

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

I like diversification. Keep some in bitcoin, gold, fiat, and real estate. You may want to start by recovering all your initial investment in dollars. Then you can work with the gains you have made and be certain that you can't lose. A little like the gambling strategy of only playing with the casino's money.

If this is about saving then be sure to chose assets that store wealth. Buying a new jeep would be awesome, but it will likely be worth less each year. In fact few consumer items will appreciate if you plan on using them. Maybe guns? Most of my guns go up in value each year. You will also want to avoid things like diamonds. That market is manipulated giving a false impression that diamonds are more valuable than they really are.

Mastsetad

sr. member

Activity: 672

Merit: 250

I don't actually have any wealth which should be kept somewhere safe, all i have is a few bucks in bitcoin and i like holding them for later as i feel i can get profit with this, but if i really had something like you and i had the same feeling as you are having then i personally would have cashed them out and kept them in my home currency as i feel that is the best way of saving money if you are not willing to invest for some time.

TraderCal11

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Brickblock.io - Future of Stock Trading

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?

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