Quote from: deisik on April 02, 2017, 01:21:42 PM

Quote from: Rahar02 on April 02, 2017, 11:42:28 AM

Quote from: TraderCal11 on December 12, 2016, 05:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

It's been a while but I hope you make good profits and sold at ATH, the best option for everyone is official currency of your country obviously as you can easily convert and spend it. If you live in USA, US dollar it is, different story for someone who lives in UK or China.
Second : depends on your purpose, for long term savings, gold and land are the best investment. But bitcoin still become good way to saving your wealth too, so divide into some options and you will be fine. So far, I still believe on bitcoin as my future savings, let's wait for another 5 years

That cannot possibly be the best option in general

Since the question seems to be mostly about holding funds and not spending them, converting bitcoins to a local currency can in fact be the worst idea, especially if this currency is set to quickly depreciate over time. And "this" currency actually refers to a majority of fiat currencies existing in the world. Apart from half a dozen top currencies (like the US dollar or Euro), the rest of the pack is given to severely devalue over time, so we are back to square one, i.e. choosing between gold and the US dollar. Personally, I would opt for dividing the proceeds between Swiss francs, US dollars and gold

In my opinion yes it is, I will convert bitcoin into local currency and then purchase gold or buy a land, easier to do than using another currency. If I live in US, maybe will going through the same way. But, how about in UK, China, India, Malaysia > in general, the best option still cash out as their official currency. As OP live in USA, I suggest for US dollar. Grin