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If you’re looking to invest your post-grad funds in a stable currency, you’re likely considering options from countries that are not in the midst of an economic crisis. Investing in a currency from an almost bankrupt country can be a risky endeavor, as the value of the currency could plummet at any moment.
The first step in deciding whether or not to invest in a currency from an almost bankrupt country is to research the current economic situation of the country. Look into the country’s debt levels, GDP growth, and other economic indicators to get a better understanding of the country’s financial health. Additionally, it’s important to consider the political situation of the country, as political instability can have a major impact on the value of the currency.
Once you’ve done your research, it’s important to weigh the risks and rewards of investing in a currency from an almost bankrupt country. On the one hand, investing in a currency from an almost bankrupt country could be a great way to make a quick profit if the currency suddenly appreciates in value. On the other hand, investing in a currency from an almost bankrupt country could be a risky endeavor, as the currency could suddenly depreciate in value.
Ultimately, the decision to invest in a currency from an almost bankrupt country is a personal one. If you’re comfortable with the risks associated with investing in a currency from an almost bankrupt country, then it could be a great way to make a quick profit. However, if you’re not comfortable with the risks associated with investing in a currency from an almost bankrupt country, then it’s best to look for other investment opportunities.
If you want to cash out often, then a stable coin like USDC
If you are deciding to save for long period, then BTC and ETH are the best choice.
If I was you, I’d stick with BTC and ETH. Those are the safer bets that face the lowest volatility in the space.
If you want to risk more, you could allocate a portion of your funds to some altcoins you appreciate, always DYOR.
The obvious choices are BTC & ETH or you could invest in stable coins and stake them for a good APY %
only 1 word: BTCETH
Bitcoin. Make money rather than keeping your wealth stable
BTC and ETH would be the best. Equally shared.
Best of luck to you, that’s a shitty situation indeed. Hope you’ll make your way out
BTC & ETH.
BTC and ETH
Buy Bitcoin.
> So I want to buy crypto, not in dreams of becoming a millionare, but to protect the hard earned money of my parents before shit hits the fan.
Since your financial situation is already fickle and you want stability, I don’t think exposure to crypto is worth the risk except for some bitcoin maybe. Even if it’s an unpopular opinion here, gold is meant to preserve value in sensitive local situations like these and I know south asia is already big on gold.
Also since you expressed the want to change countries within financial constraints, have you considered moving to India? Even though Pakistan may be at odds on political and religious fronts with India, I think there’s decent economic opportunity worth considering.
Best wishes man.
I’m so sorry for hearing your situation. Please do not put it in meme coins.
Bitcoin and ethereum are your safest bets.
Bitcoin
Is there a reason you can’t just buy dollars or euros?
Bitcoin. Theoretically any moment in the future 10 years, you will be MOSTLY in gains.
If you think some of that money needs to be used instantly at any moment, keep some in USD/EUR or a stable coin (USDT/ some would say USDC, etc).
Diversify the amount (50% BTC, 20% ETH, the rest 10% USD, 10% EUR, 10% USDT, etc… )
Why would you keep it stable? But bitcoin and chill
> What are some cryptocurrencies that will not go down to zero by 2025 in your opinion. I don’t mind cashing out at same price as they are now
Bitcoin is safest choice when talking about cryptocurrencies. But you cannot guarantee anything in crypto space, and current 30k BTC might as well be 2k in 2025 (highly unlikely of course), and it might be over 100k. You can never know
As for stablecoins who should stay at same price there is still some risk that they fail (like Terra Luna USD for example), so why can’t you turn your PKR into USD and EUR if you simply want that value in few years and open a savings account with USD or EUR? Is it not possible to open a foreign currency bank account in Pakistan?
ANd I know this is a crypto sub, but safer than crypto to invest in is actual gold or stock ETFs like SPY.
Initial gut response is BTC/ETH if you were to choose cryptocurrency to park your funds. Of course I know shit about fuck and I would need to do a ton of research if I were in your situation. Good luck!
I have been working with several Pakistan companies, and the situation is crazy, I am sorry for you OP 😔
anyway, I would go with btc only, or if you want to differentiate a bit, even some eth.
All the other crypto would be riskier for your purpose, at least in my opinion
PS: also, open your reddit vault and start earning moons. They could be an interesting asset for you ad well 😉
Invest in Bitcoin and Ethereum, don’t forget using a cold storage and store the seed offline.
People will shill certain coins and they have their merits, but if all you want is stability then look at the top stablecoins. PRs certainly taken a hit, but DAI, USDC, and somehow even USDT offer a dollar denominated hedge against hyperinflation.
And to those advising against it. I’d normally agree, but crypto volatility is nothing compared to reforms. Stay safe out there OP.
If you really don’t trust that your local currency isn’t going to collapse, well if I were in that situation, I might do something like put 10% in a major stock index like the S&P500, SPY is a cheap and useful ETF for doing this. 10% in Bitcoin/Ethereum. 10% in gold, maybe silver. GLD is a useful ETF for gold exposure. Maybe 30% in a corporate euro or dollar denominated corporate bond fund with the investment objective of capital growth. Then maybe 40% in a euro / dollar denominated money market fund or a US treasuries bond fund. This assumes I’m mostly just trying to preserve the value of my money – not trying to take risks aggressively growing it. This is just something I might personally do for myself if I were living in a country where I legitimately thought my money was not safe in my local currency.
50 percent bitc or eth or a mix, rest in a stablecoin
A lot of people are saying bitcoin and ethereum. While this may be the safest play you really should consider bitcoin only for your situation.
Stable coins, while stable in price may not be stable in their construction.
Ethereum is still going through serious construction, it is still a work in progress and things may still go wrong. It’s price has performed well and made people money but it is absolutely not without risk, people in this sub are just so used to chanting btc/eth that they think their stability are on the same level, they are not.
Bitcoin has survived direct assault from many hostile entities and grown afterwards.
Just keep most in usdt and add some btc/eth for growth. Like 50-25-25. Going all in crypto with hard earned family money sounds a bit wild
Swiss Franc CHF, much more stable than usd and eur, if you can get it.
That’s the only non crypto alternative I’d recommend.
you can try to some sum on stablecoins first if you want to put your money in dollars considering your country doesn’t want you to get euros or dollars because (higher demand for Euro + dollar and higher supply of local currency will collapse its value further)
If you want to invest then maybe start with the basics like $BTC or $ETH considering they’re currencies, not tokens and there is a demand for using them (Gas fees) Otherwise if you’re willing to take risk then maybe staking stablecoins will do.
Me, I use my unused funds for copy trading because I had to help my relative in a court case and I can’t trade myself. and I do profit a little but sometimes things get messed up and bugged hard. (submitted a ticket already)
The best is to put it on some stablecoins that are stable and figure out what your next financial move is instead of going all YOLO and turning ur investment into a casino trip
eth and btc ur frnd ..
> So I want to buy crypto, not in dreams of becoming a millionare, but to protect the hard earned money of my parents before shit hits the fan.
Bruh then buy gold.
Maybe some BTC.
Please don’t put your family’s savings in crypto.
BTC bull here, but I’m being realistic.
Before the dollar collapses, you’re gonna have WW3.
Also, this sub has its own crypto called moons. You get them for posting and commenting, so why not try to get some? It’s not worth a whole lot right now (compared to a lot of fiat currencies anyway), but the market cap is low which means it has *a lot* of potential.
Bitcoin. Everything else is a scam, don’t let these people shill you on their BS shitcoins.
Bitcoin no question about that. Also practice self custody.
“Chinese currency being the top dog”
This seems unlikely as long as China maintains strict capital controls on the yuan.