Topic: What should I convert my money into? - page 5. (Read 1529 times)

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.