Which cryptocurrency is best for storing money?

unbotak

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Quote from: Aalu on May 27, 2019, 02:16:26 AM

If you do not wish to trade and want to keep your assets safe, there are many stable coins. You can convert and store your coins in these stable coins. But my advice is that you should not store coins. Rather it will be beneficial to trade. You can opt for day to day trading to get fast returns on your investment. You can also buy bitcoin and hold it for long term as the coin gives higher investment security.

right, trade is the best thing to do if you want profit so you can't just shut up and wait.
except if we really only want to save our money and don't really expect to get profit then we can buy stable coins.
but if we want to get a profit from the investment, the steps that must be chosen are trade and save coins on coins that are not stable.

Ekyfitri

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Quote from: Pffrt on May 27, 2019, 02:45:27 AM

He is using cryptocurrency for paying service fee. Better to put it one. By the way, the least risky portfolio is 100% BTC, trust me. Cause, today or tomorrow you will get your investment back with some profit.

you are right, I see today there is an increase in bitcoin and I think this will bring investment into the crypto market. because some altcoins also increase like bitcoin. if you want to invest without risk I think this is the most appropriate asset.

Pffrt

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Quote from: restuibu on May 27, 2019, 02:43:20 AM

the most stable coin is bitcoin and it is quite safe to put money there but many people say if placing money in one coin is very dangerous you might also be able to put the top 5 coinmarketcap

He is using cryptocurrency for paying service fee. Better to put it one. By the way, the least risky portfolio is 100% BTC, trust me. Cause, today or tomorrow you will get your investment back with some profit.

restuibu

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the most stable coin is bitcoin and it is quite safe to put money there but many people say if placing money in one coin is very dangerous you might also be able to put the top 5 coinmarketcap

Pffrt

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In any case, it must be bitcoin only. It is quite secure than any other coin, even better than stable coin. Stable coins are centrally controlled which is very risky for storing money.

novusordo

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Quote from: Qurelal on October 28, 2018, 04:42:38 PM

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

I believe you already gotten an answer to this if you mean converting crypto to a stable coin, I suggest using TUSD, USDT and PAX. They have been serving me for long and are reliable.

Aalu

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If you do not wish to trade and want to keep your assets safe, there are many stable coins. You can convert and store your coins in these stable coins. But my advice is that you should not store coins. Rather it will be beneficial to trade. You can opt for day to day trading to get fast returns on your investment. You can also buy bitcoin and hold it for long term as the coin gives higher investment security.

Pet240

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Quote from: Qurelal on October 28, 2018, 04:42:38 PM

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If i truly understand what you mean by storing, i guess you are not looking at investing into cryptocurrency, but that if you could store in crypto in a way in which you can easily have access to it since you still use it. I think you should go for stable coins.

sammy21

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Quote from: huhhuh18 on May 25, 2019, 04:25:34 PM

First of all you'll need to consider a lot of factors regarding storing your money. That is, for profits, stability, long/short-term earnings etc and that'll determine your choice of coin. Nevertheless, the first on my list will always be Bitcoin. It's proven countless times that it's the best so far.

for bitcoin investment it's the right choice, but for trading choosing bitcoin will be difficult. because the price movements don't happen as fast as altcoin. most store bitcoin for the long term. whereas for trade you can choose assets that move faster and trade more heavily.

candra raditya

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I think bitcoin is the best or you can also choose coins that have the top 10 ranks, it will be better and more likely to survive.

martabaktelor

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Quote from: Qurelal on October 28, 2018, 04:42:38 PM

I have a cryptocurrency. I kept my money in different currencies. I use coins for payment and I'm not a trader. The situation on the cryptomarket has long been incomprehensible. I'm afraid I'm doing something wrong and I want to ask for advice.
Tell me, please, which cryptocurrency is the best for storing money? What is the best coin to choose? What do you think about this?

I think about what you say. That a good coin for you to invest in the top coins. Especially for Bitcoin and Ethereum, This is a coin with a huge community. So these coins continue to have very large supporters and the trading volumes will be very easily experienced.

huhhuh18

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First of all you'll need to consider a lot of factors regarding storing your money. That is, for profits, stability, long/short-term earnings etc and that'll determine your choice of coin. Nevertheless, the first on my list will always be Bitcoin. It's proven countless times that it's the best so far.

irixo10

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Before thinking of using cryptocurrencies as a store of value or rather to store your money, you should always remember to put the volatile nature of cryptocurrencies into check. Bitcoin has always been good for long term, there is no doubt about it and can also be used to pay for most services as most platforms recognise it more.

jcumins

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I always preferred to store money in BTC and ETH. But now everything changed, instead of ETH I added BNB. BNB is the most inseresny coin, in my opinion now. She allows to participate in IEO on Binance. And also it perfectly grows in the price.

uneng

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Quote from: sarrpora on May 25, 2019, 03:27:35 PM

Quote from: tsurpalglobe on May 25, 2019, 03:25:56 PM

This is a pretty controversial question. How can we call the cryptocurrency being good or bad for storing money? I mean from my point of view, this is basically about everyone's personal opinion. How can we be objective in here?

I would probably agree with you. Every person is interested in different industry, thus what is good for one person may be not that good for another. So the question is definitely controversial. However talking about the market in general, of course it is important to evaluate the coin before investing. And of course, in here we should use advanced solutions

There are some facts about crypto currency, and facts are the same for eveyone, it doesn't change depending on who you are. To answer this question we should think about them: bitcoin is the currency that pushes the market up, bitcoin is the strongest crypto currency, bitcoin is the most valuable currency.
The best one is bitcoin with no doubts. But since you choose top altcoins like eth, ltc, xrp, bch you will be fine too, as they will rise following bitcoin during the bull runs.

MikeyVeez

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It depends on the time, how long you plan to store it. For short term speculations you can look for a promising altcoin. For long term only Bitcoin could be recommended.

sarrpora

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Quote from: tsurpalglobe on May 25, 2019, 03:40:39 PM

To tell the truth, I haven't, but would definitely be interested to check. I couldn't even imagine that there might be solutions that brings automatization into here. Can you tell me more? Or where can I read out more?

Just Google Vespucci. They are a part of Volentix ecosystem. In few words, it is a platform that monitors the evolution of blockchain and cryptocurrency markets and, by harnessing the power of cutting-edge AI and Machine Learning technology, delivers unbiased, robust and up-to-date rankings that represent the real value of a very wide spectrum of coins as well as their potential

tsurpalglobe

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Quote from: sarrpora on May 25, 2019, 03:34:07 PM

Yes, of course. I am not sure that there are several, however I am aware of a truly advanced solution, Vespucci. If you are in somehow deeply in crypto, I believe you must have heard of them

To tell the truth, I haven't, but would definitely be interested to check. I couldn't even imagine that there might be solutions that brings automatization into here. Can you tell me more? Or where can I read out more?

Stanlo

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Its better to use tether or usdc tokens to store value especially when trading on exchanges ,buy when price drop and sell when price surge and quickly swap to tether so that you can take advantage of further price drop

Pamadar

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Quote from: voloda1985a on May 24, 2019, 08:23:31 AM

If your main goal is storage, then use stable coins, the rate of which is almost unchanged and you will always be with your money.

Logically correct, but if you also desire to earned much preferred to buy Bitcoin and used it as your assets, in long term hold value may grow and while you are saving the amount of your investment will also grow together with the market, an advantage which crypto currency offers with their believers and supporters.

Topic: Which cryptocurrency is best for storing money? (Read 2102 times)