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What currency should you keep your money in?

2016-05-15

What currency should you keep your money in?

Little money is one problem, big money is a completely different problem. In the first case, it consists in having more money. But having solved it, another one arises - where and in what currency is it better to keep money. For residents of the CIS countries, the choice is limited to dollars, euros, Russian rubles and hryvnia. For those who do not consider themselves a beginner in computer technology and are well-versed in the virtual world, there is another answer to the question of what is the best way to keep money: in digital currency.

When solving the problem of keeping your savings, lets remember the adage: dont put all your eggs in one basket. This folk wisdom is a rule born of life itself, it is incomparable with any other advice and recommendations. Depending on the amount of savings, you need to make the only correct decision for yourself in what currency to keep your money. Perhaps it will not be one, but several types of currency, including electronic.
 

National currency is no exception

What currency is used in everyday life, in which you need to keep your savings, such an opinion has a right to exist. Thus, you can save on the commissions required when exchanging for foreign currencies. But ruble deposits are more appropriate for small volumes. The instability of the ruble in terms of vulnerability to inflation does not promise high interest rates on deposits, which have recently been on a downward trend. And they even talk about the introduction of a negative interest rate. At present, banks are no longer interested in raising capital, now the problem of placing deposits, which is beneficial to banks, has become more urgent.

The situation is similar with the Ukrainian hryvnia. In it, you can store small amounts necessary in order to have a stock for unforeseen life situations that do not require large expenses. It should be noted that the examples of the ruble and the hryvnia are not exceptional. Similar difficulties are experienced by most of the national currencies of the world, since the beginning of the last economic crisis, better known as the great recession.
 

Is foreign currency suitable for storage

In what currency is it better to keep money, maybe in foreign? The Euro is considered not the safest currency to save money. Such an attitude towards her is caused by the events taking place in the countries of the European Union. Despite the fairly high rate, no one will give a 100% guarantee that it will last for a long time. Endless disputes and directly opposite opinions of the EU countries about the economic condition of the eurozone do not give confidence in the stability of the euro.

So what is the best way to keep money? Maybe it is worth considering the US dollar, because it has been and remains the main reserve currency. But at present, the economic situation in the world is so unpredictable that it is better not to think about long-term dollar deposits. This is especially true of Russians, because there are significantly lower rates on dollar deposits due to stable growth and an unprecedented increase in foreign exchange liquidity indicators. The only thing Russian banks do is take measures to discourage citizens from making deposits in foreign currency.

Less fuss

When choosing in what currency to keep money, you need to remain calm and sober. You should not run from side to side, rush with your "blood" from one account to another, knock the thresholds of exchange offices. First, it is still impossible to foresee everything and guess where it is more profitable. Secondly, the exchange can incur unnecessary conversion costs. In addition, health is wasted along with nerve cells that cannot be restored.

Dont aim for the ideal, you still wont be able to guess for sure. But if someone has such a gift, he has a direct road to the Forex market, where with increased flair, you can easily make millions.

Ideal: saving in bitcoins

The question of which currency is better to keep money remains open. Indeed, based on the real state of affairs with the national currencies of different countries, despite the exchange rate, status or other characteristics, none of them will bring the expected benefits. No one will give a guarantee of its complete safety, protection from inflation and other negative phenomena characteristic of the period of the global economic crisis.

No traditional currency can compete with digital, of which Bitcoin is the favorite. It was created on the basis of a unique blockchain technology and has a number of irrefutable advantages. We get to the answer to the question of what is the best way to keep money. Supporters of innovative achievements who do not feel fear when something unusual, unusual, creative appears, become users of Bitcoin and choose it as an option for storage.

Storing Bitcoins with augmentation

To accept Bitcoin as a savings, you need a strategy that also involves increasing your deposit. It is important to know that buying Bitcoins, like other types of currencies, is profitable at the moment when the rate falls, and not vice versa. As you know, Bitcoins have experienced sharp jumps in the rate. Those who managed to buy them at a rate of several cents were able to multiply their savings thousands of times. This was the case with Bitcoin a few years ago. Later, its rate fell to 200, then rose higher and today (05/03/2016) it is $ 448.39.
 

Full Bitcoin user wins

Having become a user of the Bitcoin cryptocurrency, for which you need to register on the site and open a Bitcoin wallet, you can be calm about your savings. As soon as the rate begins to decline, you can buy more Bitcoins and wait for a new rise, which, according to all forecasts, is quite likely in the near future. An almost final answer to the question of which currency to keep money has been found: of course, in the Bitcoin cryptocurrency.

Many cannot or do not want to believe that Bitcoin is the currency of tomorrow and sooner or later will replace, supplant or destroy the old traditional monetary system controlled by the state. The fact that this is inevitable is evidenced by the irrefutable facts of instability of national currencies, total control by the authorities, and inconveniences with transactions.

These are far from all the arguments that speak in favor of cryptocurrency. It offers users a comfortable, simple and very fast money transfer, regardless of the distance and in which country the recipient is. One of the important points is the complete privacy of the user, this makes the system invulnerable to interference from the state machine.