So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
Yes, bitcoin has a big help for both savings and emergencies needs but you need to be careful so that you will get your savings. You need to be brave enough to take risk in holding/ saving btc that you can use for some emergencies. Not only for emergency needs, but also for the future of your family. 
Topic: Bitcoin as savings, emergency needs possible? - page 25. (Read 2091 times)
Definitely savings in bitcoin helps to solve emergency needs.Actually,i was saving my bitcoins for the past two years.With those savings,i opened a supermarket.And today,my pregnant wife had to undergo an operation and I just spent my remaining bitcoin by selling it in local bitcoins for fiat and she is fine now.Actually if I had saved in fiat cash,it would have just remained idle and would have not grown this much.
Yes that is exactly what I am doing,
I am putting my excess money in it so I could get some profit from it while I don't need it.
What matters is not what you do now. It is important that you are doing at the moment when the markets turn red. Many users get scared of falling and start selling coins. These actions, they increase the panic and themselves stimulate the drop in the price of their savings. I hope that there will be more holdings and it will be more difficult for speculators to destabilize the market. I am putting my excess money in it so I could get some profit from it while I don't need it.
So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
I prefer to set a side a money intended for savings and for emergency use. It is important that these amounts are anytime ready to be use. Treat Bitcoin as an investment and never consider an investment as savings. This because in investing there is a chance that you lose your money. So it safer and wiser to treat savings, emergency fund and investment separately.
Yes that is exactly what I am doing,
I am putting my excess money in it so I could get some profit from it while I don't need it.
I am putting my excess money in it so I could get some profit from it while I don't need it.
Savings, yes it could be beneficial. Because as we can see the bitcoin trend is nowhere but up. If you bought like $100 like a year ago and used your extra money instead of saving it in a bank for example. Your $100 is already worth maybe $1000 and in the middle of the year you put in another hundred. How much would your $200 worth in the years to come? So making it a savings and holding it for long for me is quite a good idea. But if you want to use it for emergency purposes, i wouldn't promote that. We'll never really know if tomorrow bitcoin will increase so in a matter of time when emergency comes and its not in the green then i think exchanging your bitcoins to fiat would be just sad.
one side of it is certainly a good thing if the investment in the long run smoothly. But if for immediate needs and everything are in the crypto it seems to be a bit of trouble. just imagine when the market is the red and very urgent necessity, will inevitably lose out will be obtained.
Even in this case, investing in bitcoin is profitable. The price of bitcoin increases every year. The red market is not an indicator that you lose money. This is an indicator that you will get a profit less than you could get before the price drop. Investing in bitcoin for a period of more than a year is always profitable. Considering bitcoin investment as emergency money doesn't seem a bright idea because this will mean that once you need the money you should sell it a market value and sometimes it could be below your entry point.
The exit strategy is a long time movement because you must wait for the right price to convert your money into fiat so you won't be able to have access to your funds right away.
Emergency money should be in fiat.
The exit strategy is a long time movement because you must wait for the right price to convert your money into fiat so you won't be able to have access to your funds right away.
Emergency money should be in fiat.
You're absolutely right. Bitcoin's volatility prevents an opportunity to keep money for emergency needs. As Sparq rightly put it, the best way to keep emergency money in sight is the good old piggy bank. This is the only one way to make sure that you can use this money at the right time.
To put it simply, never ever mix your investment to your personal expenses and emergency funds. As an investor, you should know how to manage and allocate your money. Prioritize your personal needs, never max out your money and set up an allocation for emergency purposes. Leave those things which are lucrative that you can live without.
Don't expect that you can just simply pull out the money you have put into an investment. If this is your kind of thinking, then you shouldn't invest in the first place.
Don't expect that you can just simply pull out the money you have put into an investment. If this is your kind of thinking, then you shouldn't invest in the first place.
So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
Any kind of problem, any option you want to get any solution you want reach are catered by Bitcoin. SAVINGS, TRADING, INVESTMENT are also available in behalf of bitcoin so what are you waiting for, join now! Bitcoin is great all possible you want to achieved is granted if you trust bitcoin do not regret or discourage like other people experienced to reduced profit because of Bitcoin Price decrease then it will suddenly decide to withdraw their investment which is not good.
one side of it is certainly a good thing if the investment in the long run smoothly. But if for immediate needs and everything are in the crypto it seems to be a bit of trouble. just imagine when the market is the red and very urgent necessity, will inevitably lose out will be obtained.
right. investment is medium or long term, so funds to invest are free money, so we are calm and not pursued the necessities of life. let alone time for we get profit is not yet known, can be faster or slower 
So this is how it works for me. Bitcoin is basically an investment for now considering it is not allowed globally because some countries banned it. I consider it investment for a long period of time, it is also considered as savings, or even retirement fund or emergency fund in the future. In lieu with this, I also have my separate fiat saving because you will not determine when woould its price drops. All this can be possible if the value of the bitcoin is rising obviously.
one side of it is certainly a good thing if the investment in the long run smoothly. But if for immediate needs and everything are in the crypto it seems to be a bit of trouble. just imagine when the market is the red and very urgent necessity, will inevitably lose out will be obtained.
While Bitcoin is still seen as a profit as its price changes in conversion to a local currency, it can also be seen as a savings or an emergency fund as when your full-time job becomes sort of unstable then you can use this as your Plan B in some way to incur or pay your bills while your earnings from your work becomes a net profit with the income tax shredded over already. Bitcoin becomes more like an aid in our budgets not the whole part of finances in our daily lives.
Well, for an emergency, you'd better hold cash on the bitcoin. we know that bitcoin is a long-term investment, otherwise the exchange into fiat is not so instant. for an emergency, better keep your money, so you can use it anytime. So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?
Bitcoin is investing for long therm, you can save your money in bank for emergency needs.
The first time I was interested in investing bitcoin at that time had no money at all to buy bitcoin. But, I then joined this forum and read various information and found some topics that discussed "how to get bitcoin without having to buy it?". I began to follow the various ways in the topic to be able to invest without having to buy bitcoin in advance using money. This forum has become a forum for discussion of finding the right solution to all the problems about bitcoin. Bitcoin investment does need money but when we diligently read there are many ways to be able to invest bitcoin without having to use money to get it.
You can keep the money as for emergency as compared to bitcoin. Because now a days the price of bitcoin is reduced and raised in a same day.If you had consider this as emergency, then you will sell the bitcoin at low price to get the money for emergency. Rather than that you can keep the money for emergency.
Maybe it will helpful or not. Because incase of the emergency and if you have bitcoin in your waller you can sell it so your problem will resolve but you need to keep your bitcoin for longtime for sure and the exchanges rate is very high. But what if you hold your bitcoin and the exvhanges rate is very low and you need high amount of money for sure your problem or the emergency that you need to solve. And sometimes they have processing that you need to wait before you get your money what if you need money on this time for sure it's big problem also . Unless you cashout your bitcoin and save it the bank or to the ATM And you can withdraw your money anytime you want to cashout your money. They have advantage and disadvatange of holding bitcoin.
I think Bitcoin could be used as saving and as investment, but I prefer saving and investment are being split, because an investment can cause losing money, and if your investment failed at least you still got your saving, and I don't think BTC is suitable for emergency usage,because not all places are accepting btc so it still need to be converted, and some emergency case can't wait
I've had a bad experience when I wanted to invest in bitcoin.
I don't have the money to buy bitcoin, and I think the best solution for investing in bitcoin is borrowing money, like to the bank or to another lending institution. Because at that time I predicted bitcoin prices will continue to rise precisely in December, but that happened is the prices continue to weaken in January until now and my debt continues to grow until now.
It would be better to use the money for investing in bitcoin is the money we have, without borrowing and even in urgent circumstances, we don't need to take it.
I don't have the money to buy bitcoin, and I think the best solution for investing in bitcoin is borrowing money, like to the bank or to another lending institution. Because at that time I predicted bitcoin prices will continue to rise precisely in December, but that happened is the prices continue to weaken in January until now and my debt continues to grow until now.
It would be better to use the money for investing in bitcoin is the money we have, without borrowing and even in urgent circumstances, we don't need to take it.
Jump to: