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Topic: Bitcoin is a good way to store money? - page 12. (Read 7025 times)

legendary
Activity: 1204
Merit: 1000
September 01, 2016, 05:00:08 PM
#22
Check the comparison of bitcoin with fiat and other currencies http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
I think bitcoin is a good way to store our money but not all of them, I don't prefer to store 100% of my money in bitcoin because bitcoin is not stable.
Fiat most of the time is more stable than bitcoin but if we like to invest then bitcoin is a good way too to make a profit or loss.
legendary
Activity: 1232
Merit: 1091
September 01, 2016, 04:53:20 PM
#21
So far Bitcoin has been a great store of wealth tool for me. Yes, I have bought my coins far below the current price, so it's easy speaking for me, but in general Bitcoin can be a great store of wealth for everyone. You have to know and accept the risk that the volatility brings with it. If you have done that, and know that you'll not sell your coins in panic when the price goes down, then you'll do well. Patience is also important. Storing money is a long term thing.
hero member
Activity: 952
Merit: 503
September 01, 2016, 04:38:35 PM
#20
It is really a good way to store your money in bitcoin because bitcoin is very safest and useful currency than other currency and bitcoin increasing its price very faster .
sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
September 01, 2016, 01:57:59 PM
#19
Yes bitcoin is the good way to store your money and maybe as one user said it is not the best but it actuly showed us that how secured it is.any hacker can nit just hack my wallet and transfer my coins on somewhere else until he had my private key but paypal or other are hackable even bank has defects
hero member
Activity: 1078
Merit: 514
September 01, 2016, 01:50:53 PM
#18
I think bitcoin is the good way to make money generally. Look, every one chose for himself or herself that way, it can be investing, trading, gambling or what ever. The result is the one - you make money or loose. Well, l prefer just to make money here with commenting and when I save some good amount on my wallet I cash it out when the price for bitcoin is satisfy me.
legendary
Activity: 3276
Merit: 2442
September 01, 2016, 01:21:05 PM
#17
Yes it is a good way but definitely not the best. Actually there is nothing as best when it comes to make financial decisions. You can think banks are the safest place to hide your money, but its proven that they are not. Same with bitcoin, it looks safe but you'll never know...
hero member
Activity: 1092
Merit: 520
September 01, 2016, 01:20:45 PM
#16
Yeah i think bitcoin is a good store value as long as things stay stable with the code and there are no disastrous bugs that arise
legendary
Activity: 1274
Merit: 1004
September 01, 2016, 01:20:28 PM
#15
Well the price is really matter for many people everybody can not put their money on something which is not stable but i think if we take a little then we can access the whole world with bitcoin
member
Activity: 150
Merit: 10
September 01, 2016, 01:10:51 PM
#14
of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?  Wink   A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

Yes, bitcoin can be hacked and we should aware of it. You should not put all your bitcoinn on a exchange site.Its risky.

Back to topic,

I think bitcoin is good option to store money. We can use it anytime and most important it's tax-free. Again, storing bitcoin can give you some profit.

absolutely agree and its the best way
sr. member
Activity: 294
Merit: 250
September 01, 2016, 01:09:11 PM
#13
of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?  Wink   A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

Yes, bitcoin can be hacked and we should aware of it. You should not put all your bitcoinn on a exchange site.Its risky.

Back to topic,

I think bitcoin is good option to store money. We can use it anytime and most important it's tax-free. Again, storing bitcoin can give you some profit.
legendary
Activity: 1372
Merit: 1005
September 01, 2016, 01:02:45 PM
#12
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

Obviously it's a good investment in your real business and we can store the bitcoin like how we are storing the money in bank.
By bitcoin you can purchase things, you could to able to the trade overseas by bitcoin transaction and you could you as the payment for it.
hero member
Activity: 616
Merit: 500
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September 01, 2016, 01:00:31 PM
#11
In my opinion, Bitcoin is great way to store (invest) money. Sure, i would not recommend you to jump all in with all you have but investing reasonable amount of real money in Bitcoin could give great return in time. It is revolution in money and as i see it, decentralization of money is bigger jump for money than jump from coins to paper money.
legendary
Activity: 2954
Merit: 1159
September 01, 2016, 12:52:24 PM
#10
of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?  Wink   A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
September 01, 2016, 12:39:13 PM
#9
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

actually it is not the best way to store your money.
as much as i love bitcoin i have to say it is still risky to invest in bitcoin, especially if you are not a trader and you want to invest a large amount of money. it is good for smaller amounts though.
and as a currency or for spending it is still an excellent choice.
full member
Activity: 137
Merit: 100
September 01, 2016, 12:36:20 PM
#8
of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin
legendary
Activity: 1904
Merit: 1073
September 01, 2016, 12:07:24 PM
#7
A lot of people have protected the value of their money, when the value of their local currency has begun to plummet... they buy Bitcoin, and then wait out

the storm, until the price corrects and then convert back to the fiat currency. If you live in a country, where your local currency are in a free fall, you should

consider buying some Bitcoin to hedge against these losses. Bitcoin has seen the best growth over a long period of all other currencies in the world, for the

last two years.  Wink
sr. member
Activity: 420
Merit: 250
September 01, 2016, 11:59:13 AM
#6
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?
In such an unstable market, short term investing may be a safer alternative for investors. Short-term investing allows investors to invest their money with little or no risk, while knowing their money is not going to be tied up for long periods of time Price stability exists when average prices are constant over time
member
Activity: 98
Merit: 10
September 01, 2016, 11:53:21 AM
#5
I use Bitcoins to store my funds because it is just a good way to invest my money expecting to be increased in value in the future Smiley
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
September 01, 2016, 11:49:42 AM
#4
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

Well that is the general idea & a reason why most people use it Wink
You kind of answered your own questions.
hero member
Activity: 980
Merit: 500
September 01, 2016, 11:49:12 AM
#3
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?
Like what most people say, put the amount that you can afford to loose. We all know how volatile the bitcoin price is and that being said invetin all your money in it might not be a good idea if you will think that there is a possibility that the price will crash at any time.
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