Topic: What should I convert my money into? - page 6. (Read 1530 times)

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.

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.

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

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.

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 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.

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.

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.

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.

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.

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

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.

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

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 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 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.