We definetly should not interprete a long term investment i.e the bitcoin as the money that we could use in case of emergency since it is not easily convertable into regular money and much more simple to access your savings in bank instead.
I think pointing to bitcoin as an emergency need is the right thing, you're right that to convert bitcoin to fiat will be a bit difficult, so it can prevent you from using bitcoin money to spending for something unnecessary and instead use bitcoin for emergency need. other than that you may also get a profit from saving money in bitcoin.. 
Topic: Bitcoin as savings, emergency needs possible? - page 4. (Read 2091 times)
I think bitcoin can be our savings for our needs because we can sell bitcoin whenever we want and can sell at an emergency, but of course by looking at the price at that time, we should not lose by selling at a low price
Keep in mind that your investment in bitcoin may eventually fall in price in dollar terms.
Bitcoin as savings, not advisable because the price fluctuates. If you say you want to save for the time you need it and the price suddenly drops, then you have not gained anything except loss. Its better when you have enough bitcoin, you sell and maybe keep a little.
As the name implies, emergency funds are a number of funds that need to be prepared to deal with emergency situations, such as when the Termination of Employment (PHK), sickness, accidents, and others.
Bitcoin is not just an investment,it could also be a savings and one of the important, but rare use is the emergency needs, it could be possible if the hospital will accept bicoin as mode of payments in their services to the people, so if these really happen then this is good for both the bitcoins and the hospitals and the buyer himself.
Making bitcoin for emergency needs is something that I think is wrong, as we know that bitcoin prices are so volatile that if we are having an emergency needs then we will sell at a cheap price.
With its high volatility level, I don't think it is a good idea in making bitcoin as your savings, clearly it is simple, because the market price and the value goes up and down, and now I think you'll be needing to wait for the right time before you convert it into fiat. I don't recommend making bitcoin as a saving but instead making it as income.
Bitcoin is not just an investment,it could also be a savings and one of the important, but rare use is the emergency needs, it could be possible if the hospital will accept bicoin as mode of payments in their services to the people, so if these really happen then this is good for both the bitcoins and the hospitals and the buyer himself.
A large portion of the general population spare the coin for the future contribute. It help to crisis proposes. So individuals not utilize whenever purposes. All nation individuals use for the future business change. It useful for the future cash. It computerized cash. So anyplace to utilize. It whenever to trade any nation money. So individuals hold the coin long time. So time is imperative for this procedure.
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?
Some people already have put their live savings into Bitcoin, so in a sense it is savings for people already. I myself have put a lot of my net worth into Bitcoin and to me it is a way out of the current trap of a system. If it does not pan out that is okay, but if it does I have a savings for life and can help the good people of this world. 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?
Everything in bitcoin is possible since it can be exchange in your money. You just need to budget your bitcoin as savings and also as emergency funds. Make sure in budgetting, bitcoin must exchange in your currency so it will be possible. You cannot store your btc emergency funds virtually it will be hard for you.
The truth is you can do anything you want to do with your bitcoin money...you can lend, you can use it for emerge fund or whatever you wished to do provided you already turn into cash and set it aside but if you use as it is virtually while waiting for the price to increase it would be difficult...
I do not think investing in bitcoins to use for emergencies. This is the market for investment. And this field is constantly going up and down. So if you buy it at a high price when you need it for emergency and if the bitcoin price is low then you have to sell it. This gives you damage.
I think it is not a good idea to make our savings in Bitcoin, because its price is very volatile and there is already a high risk of dropping down anytime. It is better to keep our savings in fiat currencies, since it have a stable value and also it is simpler and easier to use offline than crypto currencies.
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 as part of your savings and emergency needs. Not as the only one savings. You should have a regular work aside from btc.
I myself make bitcoin as a savings. right now I'm saving bitcoin in the hope that bitcoin prices become very expensive in the future.
It is a good anticipation idea to save bitcoin for long term plan and forget it for a long period of time in our cold wallet. Hope someday price will get increase and it becomes very expensive. When this time comes we will make used of it to sustain our financial needs in time of crisis of living or to support family daily living needs in the future.
I myself make bitcoin as a savings. right now I'm saving bitcoin in the hope that bitcoin prices become very expensive in the future.
It is a good anticipation idea to save bitcoin for long term plan and forget it for a long period of time in our cold wallet. Hope someday price will get increase and it becomes very expensive. When this time comes we will make used of it to sustain our financial needs in time of crisis of living or to support family daily living needs in the future.
I disagree if you say bitcoin as emergency money, because for me bitcoin is everything, bitcoin has helped me improve my family's economic life bitcoin is a saving for me to save money in digital currency, for future use, and there also the currency I have used for my family's ..
Yes bitcoin can be a savings because if you just hold bitcoin longer the value price of bitcoin will rise and it was proven that as years pass by bitcoin rises so high at the market. I buy biitcoin and hold it longer, it really helps me when i really needed money for the studies of my children and some necessities at home. Im so thankful of the opportunities that bitcoin brought at me because i really get good profits at hodling bitcoin.
can be said now I invest bitcoin, because I believe the price will be very high in the future. but I will sell it cheaply when there is an urgent need.
When we making savings it comes to our minds that the money we save will be avail in the future during time of needs, we put our money in bitcoin for us to have savings, investments in order to have profit inthe future, during emergency cases , we can use this bitcoin in times of immediate needs and that is possible.
Yes it is possible we can save our money for emergency needs and precautionary purposes but it’s a long time investments and also depends on the valve of the market. If the price goes high, the worth of your investments will be high if the price goes down so it will be a lose in savings. So if some one wants to invest for long term it will be really good for them. They can easily sell when the value goes high it needs patients then investing is value able in Bitcoin.
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