Topic: Which cryptocurrency is best for storing money? - page 12. (Read 2046 times)
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.
Hold on to a diversified strategy, like with any other investments. Hold some big and stable coins, try some young, small and perspective and you will have a better chance of not losing anything at once! No one can give you a definite answer about the most perspective coin. I guess, you have to be able to analyze and have some trust in your own guts
It is also my opinion. Cryptocurrency is always my best choice for storing money because I trust cryptocurrency and its value. I think cryptocurrency will never die. On the other hand, cryptocurrency is really famous now, we can easy use my stored money at anywhere.
Yes, it's right answer because there are few Cryptocurrencies which have been preferred all of the time such as bitcoin, litecoin, bitcoin cash, ethereum. Enter the new door of trading and begin secure exchanging in more than fifty sorts of Cryptocurrencies.
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.
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.
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 would say Bitcoin, i dont like the USD pairs in the longrun. So BTC would always be the first choice.
Why do you say that? You can choose Bitcoin and be left with nothing. Many people suffered great losses and we don't know what will happen next. You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?
Why not indeed, but we haven't really reached a point where any alt can take over yet. Would you really be comfortable storing money into an obscure coin that you believe can outlive Bitcoin? Until you can comfortably do that, your money is safest in Bitcoin, and Bitcoin alone, as far as the crypto market is concerned.
Why are you silent about ETH? It's also a popular currency now.
I would say Bitcoin, i dont like the USD pairs in the longrun. So BTC would always be the first choice.
If you want to find a tool to store value in the long run, then I think you should recapture the traditional tools of gold or silver.
Well I can only suggest a bitcoin which is the most stable coin for me for now Imagine last year up to this current date the price is still the same its $6300 this is the base of all crytocurrency thats why I also trust that bitcoin is the best cryptocurrency if you want to hold it for a long time.
There's no question about that if you are looking for long term base investment, bitcoin really will provide greater outcome as it can grow further, if you are really an investors that can wait till you see the outcome results of your investment, bitcoin will bring positive just don't be move by any fuds aroundthe market.
This is all about preference but I like bitcoin and eth
You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?
Why not indeed, but we haven't really reached a point where any alt can take over yet. Would you really be comfortable storing money into an obscure coin that you believe can outlive Bitcoin? Until you can comfortably do that, your money is safest in Bitcoin, and Bitcoin alone, as far as the crypto market is concerned.
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You are talking about the possibility of extinction of any cryptocurrency. If you divide the money into different currencies and one disappears, most of the money will remain, right?Yes, but the thing is, every other coin would go extinct before Bitcoin would. I mean, do you honestly see a scenario where Bitcoin dies but Ethereum lives on? The market follows its movements, so its death would also mean the market's death. Holding Bitcoin alone is just about the safest position you could be in in the cryptocurrency market.
You may be right. Bitcoin will die, ETH will die. Another altcoin can survive. Why not?
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You are talking about the possibility of extinction of any cryptocurrency. If you divide the money into different currencies and one disappears, most of the money will remain, right?Yes, but the thing is, every other coin would go extinct before Bitcoin would. I mean, do you honestly see a scenario where Bitcoin dies but Ethereum lives on? The market follows its movements, so its death would also mean the market's death. Holding Bitcoin alone is just about the safest position you could be in in the cryptocurrency market.
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I heard about one fact. It's not good to keep in one currency. I think in the case of Bitcoin I can be calm. Its price will fluctuate. But it can't disappear altogether, are you agree?
Are you talking about diversifying? Like, spreading your money across different assets so you can be protected when one tanks? That concept doesn't exist in the crypto market. The market follows Bitcoin's movement, so there's no point holding different coins for the sake of diversification. It would probably be safest to hold just Bitcoin, even.
It's always possible for Bitcoin to disappear, but it's very unlikely at this point. Alts have a much, much higher risk of disappearing.
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I heard about one fact. It's not good to keep in one currency. I think in the case of Bitcoin I can be calm. Its price will fluctuate. But it can't disappear altogether, are you agree?
Are you talking about diversifying? Like, spreading your money across different assets so you can be protected when one tanks? That concept doesn't exist in the crypto market. The market follows Bitcoin's movement, so there's no point holding different coins for the sake of diversification. It would probably be safest to hold just Bitcoin, even.
It's always possible for Bitcoin to disappear, but it's very unlikely at this point. Alts have a much, much higher risk of disappearing.
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.
You only "lose" money, if you panic and sell early.
If you buy bitcoins and you check the price every 10 minutes, then you will start to panic due to the short-term volatility and you will sell way too early.
Buy and forget about it.
I'm not a trader, I don't follow the course every 10 minutes.
I use cryptocurrency to pay for various services.
I'm not sure that bitcoin is best for storage. I could be wrong.
I want to hear your opinion.
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.
You only "lose" money, if you panic and sell early.
If you buy bitcoins and you check the price every 10 minutes, then you will start to panic due to the short-term volatility and you will sell way too early.
Buy and forget about it.
As other users say you can hold on USDC, USDT, GUSD. But anyway you can't trust 100% and be on safe side. There was some accusation against USDT not be legit and coins are generated without real holding. (1USDT-1USD). You can also hold on bitcoin, but the price may drop and if you need urgent money to cash out and you will lose money.
Have you tried to use these coins? What is your experience?
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