Which cryptocurrency is best for storing money? - page 11.

Qurelal

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Quote from: tarball on November 14, 2018, 09:02:40 PM

Quote from: Qurelal on November 11, 2018, 10:45:03 PM

Quote from: Harlod Benjamin on November 08, 2018, 10:33:59 PM

Well, for storing money, do not choose Bitcoin. It seems to me that Bitcoin is not good for storing money because it is not stable, you may suffer a loss if you make a wrong decision. Therefore, you should think about litecoin, it is more stable and safe to store money.

Can you name the reasons for trusting Litecoin more than others?

Bitcoin is very stable. After all, it is stabler than the Standard & Poor's.
https://www.bloomberg.com/news/articles/2018-11-02/s-p-500-s-wild-ride-makes-u-s-stocks-more-volatile-than-bitcoin

Great article. Cryptocurrencies are changing so fast that we can't keep up. I wouldn't completely trust such sources.

Qurelal

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Quote from: flyingplows on November 14, 2018, 12:05:26 PM

Quote from: Qurelal on October 28, 2018, 05:42:38 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?

If you mean just storing the fiat value to buy smth later when you feel more comfortable then of course it might be a good idea to keep in stablecoins like USDC or USDT, otherwise I would think Bincoin is the best bet, since other coins like Ethereum or Bitcoin Cash are to risky. Who can say there won't be Ethereum 2.0 next year that will make 1.0 nearly worthless, not even talking about Bitcoin Cash and other fancy stuff which you need to track constantly to keep up with developments.

Is this a personal research? Thank you for the information. I'll be glad if you give more facts and details.

Qurelal

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Quote from: gentlemand on November 13, 2018, 01:03:54 PM

Quote from: Qurelal on November 11, 2018, 10:42:07 PM

Eth is used for payment and storage. What do you say about this?

Nothing much.

Why? Eth is a very popular currency.

Qurelal

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Activity: 182

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Quote from: dvdrewritable on November 13, 2018, 12:59:53 PM

I don't know exactly what should I suggest you but bitcoin is the only cryptocurrency which can be the best for storing money. Bitcoin has a good price and has huge popularity. So I would like to ask you to pick bitcoin to store money.

Do you think one currency is enough? Storage in different currencies. What do you think about it?

TheLead123

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Founder & CEO at UnikBrushes

None.
You can't store money in crypto. It is too volatile and you would end up losing your savings.
Go with gold.

Glocalside

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Any of you think about XRP if you want to store money. As for me, XRP is quite good, the price is stable and good to store.

tarball

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Quote from: Qurelal on November 11, 2018, 10:45:03 PM

Quote from: Harlod Benjamin on November 08, 2018, 10:33:59 PM

Well, for storing money, do not choose Bitcoin. It seems to me that Bitcoin is not good for storing money because it is not stable, you may suffer a loss if you make a wrong decision. Therefore, you should think about litecoin, it is more stable and safe to store money.

Can you name the reasons for trusting Litecoin more than others?

Bitcoin is very stable. After all, it is stabler than the Standard & Poor's.
https://www.bloomberg.com/news/articles/2018-11-02/s-p-500-s-wild-ride-makes-u-s-stocks-more-volatile-than-bitcoin

Conasse

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Culotte Jaune Officielle

Quote

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?

What about running a node on the Horizen network. While the market is currently lazy, if you store your coins with a node at least you make a profit and are rewarded a percentage. So while you keep storing your coins, they make you more coins. You can of course at any time move your coins to an exchange to sell.

flyingplows

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Quote from: Qurelal on October 28, 2018, 05:42:38 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?

If you mean just storing the fiat value to buy smth later when you feel more comfortable then of course it might be a good idea to keep in stablecoins like USDC or USDT, otherwise I would think Bincoin is the best bet, since other coins like Ethereum or Bitcoin Cash are to risky. Who can say there won't be Ethereum 2.0 next year that will make 1.0 nearly worthless, not even talking about Bitcoin Cash and other fancy stuff which you need to track constantly to keep up with developments.

Alluro

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The bitcoin is the best and trusted coin in the crypto world. Because bitcoin is acting as king right now. But my personal opinion is don't store your all money in one coin. You can go with several coins.

Rumb4

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This is all about preference but I like bitcoin and eth

gentlemand

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Welt Am Draht

Quote from: Qurelal on November 11, 2018, 10:42:07 PM

Eth is used for payment and storage. What do you say about this?

Nothing much.

dvdrewritable

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I don't know exactly what should I suggest you but bitcoin is the only cryptocurrency which can be the best for storing money. Bitcoin has a good price and has huge popularity. So I would like to ask you to pick bitcoin to store money.

Qurelal

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Activity: 182

Merit: 1

Quote from: HODL2090 on November 09, 2018, 01:55:55 AM

If you want to store money your best option would be fiat currencies. Although their values are not fixed, but the fluctuations are limited and not as wide as cryptocurrencies.

Stable currencies claim to bring the stability of fiat into cryptocurrency, but with limited public audits and a centralized control panel, I rather see it as taking cryptocurrency into the fiat world.

Bitcoin has reduced in volatility, but it's still not suitable as a store of value.
I would say it's your best option is you want to go with cryptocurrency

I can't use fiat. I need a cryptocurrency every day. I don't see expediency in the daily exchange. I want to store and have a cryptocurrency. Thanks for the advice.

Qurelal

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Quote from: Harlod Benjamin on November 08, 2018, 10:33:59 PM

Well, for storing money, do not choose Bitcoin. It seems to me that Bitcoin is not good for storing money because it is not stable, you may suffer a loss if you make a wrong decision. Therefore, you should think about litecoin, it is more stable and safe to store money.

Can you name the reasons for trusting Litecoin more than others?

Qurelal

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Activity: 182

Merit: 1

Quote from: gentlemand on November 06, 2018, 07:06:34 AM

Quote from: Qurelal on November 02, 2018, 12:38:39 PM

Why are you silent about ETH? It's also a popular currency now.

Its primary 'use case', ICOs, has proven to be a crock of empty shit, at least the current crop. It hasn't solved scaling yet. It's not too far off impossible to run a full node. It lost a considerably higher percentage of its value than Bitcoin.

Anyone using it as a 'store of value' has not thought things through.

Eth is used for payment and storage. What do you say about this?

Qurelal

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Activity: 182

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Quote from: Harlod Benjamin on November 06, 2018, 05:48:37 AM

Quote from: Qurelal on October 28, 2018, 08:04:21 PM

I trusted Bitcoin. I feel I lose a lot of money when storing Bitcoin. I don't know and do not want to follow the river course jumps. I want to learn something new. I believe It's possible.

well, you should never choose bitcoin if you want to store money because bitcoin is not stable, you can lost everything in just a second. You should choose another coin for storing money like ripple or litecoin.

I think all currencies aren't stable. What reason do you have to trust Ripple or Litecoin?

Qurelal

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Quote from: Magelausa on November 06, 2018, 04:58:44 AM

If you aim at a long-term investment, which cryptocurrency is the best for this? Can Neo be such a currency or is it better to choose Bitcoin or Ethereum?

I don't believe any of them and I want to know your opinion.

Dean Collins

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I think bitcoin. This is at least the most popular cryptocurrency and at the same time more or less stable.

HODL2090

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If you want to store money your best option would be fiat currencies. Although their values are not fixed, but the fluctuations are limited and not as wide as cryptocurrencies.

Stable currencies claim to bring the stability of fiat into cryptocurrency, but with limited public audits and a centralized control panel, I rather see it as taking cryptocurrency into the fiat world.

Bitcoin has reduced in volatility, but it's still not suitable as a store of value.
I would say it's your best option is you want to go with cryptocurrency

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