Post
Topic
Board Economics
Re: Most Secure Currency to Hold Funds
by
romero121
on 28/05/2017, 14:16:27 UTC
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?

I advise you to invest in gold, it rarely goes down and it always raises up whenever there is a major crisis. Bitcoin is really rising but there's may be a financial crisis which may let it tumble down and thus making you lose lots of money. Q

I agree with you that it's safe with gold but currently I think Bitcoin stands tall and despite the periodic volatility if you invest it with the right trading parameters (stop loss settings) you'll profit and barely make any loses.
Right now bitcoin seems to be with high potential to profit the investors rather than gold. Gold is an valuable asset that gained the value through a long journey of ups and downs and now it has gained the trust  of all group of people. As mentioned one who make a good analysis about the price move and invest will easily get the profit similar to one that got through gold holding for years.