Post
Topic
Board Altcoin Discussion
Re: Which cryptocurrency is best for storing money?
by
Qurelal
on 29/10/2018, 23:44:44 UTC
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.

Bitcoin is not and never should be treated as a store of value. If you wish to store funds you can always go with your nations traditional fist currency.
Bitcoin is an investment option and is prone to volatility and fluctuations.
It is also a payment option, although not widely used as yet.
Stable currencies claim to provide stability to cryptocurrency enthusiast while offering the stability of fiat, but by collaterization it has alreadg lost the quality of decentralization and public audits are not readily made available.

And remember, it's not a loss until you sell!

So which coin would you recommend for storage? If I have to choose something other than bitcoin, what can it be?