Bitcoin is a good way to store money? - page 4.

bravehearth0319

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Quote from: pikebu on September 02, 2016, 02:27:52 AM

Quote from: Woshib on September 01, 2016, 10:57:01 AM

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?

Bitcoin is just for making pasive income for me, and it is not good way for making investment on it. Even if bitcoin's price stay stable, due to it is new things there is high risk on bitcoin.

Everything in this world or wherever we go, risk is always there in every decision we wanna make. But true that Bitcoin is a kind of passive income to anyone. If you are knowledgeable and the technique to gain bitcoin in any aspect they have in bitcoin world.

bravehearth0319

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Quote from: Woshib on September 01, 2016, 10:57:01 AM

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?

What more can I say about this question? It is more generalize reason of most member here in this forum. Like me I joined here Because I believe I can store securely my savings which is Bitcoin. While storing it/holding it, I will sell it once the price is really stable.

chineseprancing

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Quote from: ajun96 on September 08, 2016, 02:47:02 AM

Quote from: Daniel91 on September 06, 2016, 10:21:36 AM

Well, there is no absolute security on Internet really.
Good hackers can break any online security and stole your funds online.
Even banks and governments can't absolutely protect their data online.
If you have large amounts in your bTC wallets, i will suggest you to store it in more safe way, offline, at the bank account.
Also, value of bitcoin is very changeable.

That is correct do not invest huge amount of money in online you do not have any insurance of your money in online just only put the amount that you can afford to lose mate!

ajun96

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Quote from: Daniel91 on September 06, 2016, 10:21:36 AM

Well, there is no absolute security on Internet really.
Good hackers can break any online security and stole your funds online.
Even banks and governments can't absolutely protect their data online.
If you have large amounts in your bTC wallets, i will suggest you to store it in more safe way, offline, at the bank account.
Also, value of bitcoin is very changeable.

that dude right there is really safe especially in the internet. A hacker can bypass any security at all. so I think if you want to avoid the theft of bitcoin
make a paper bitcoin wallet and keep your bitcoin in it. I'm sure no hackers will be able to steal your bitcoin

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Quote from: FLoving on September 07, 2016, 03:09:59 PM

for me it is much beneficial to store my money in bitcoin as I will not have to pay any high fees and taxes to the banks and governments and sometimes I feel like banks sucks , while in bitcoin I get a high profit with the passage of time whenever the price of it increases.

LOL, that's not true, bank and government won't get that much tax or anything from your money... They are just getting what is right...Keeping money in bank is like you are keeping your money handy with their ATM... Remember during emergencies you cannot use your bitcoin instantly, on the other hand you can use your bank card to pay instantly...

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Quote from: InsideBjorn on September 07, 2016, 08:24:00 AM

If you really want to store money with the bitcoin it can be option but I honestly do not recommend you to do this because of the fact that the bitcoin can also collapse these days.
The bitcoin is not predictable so I think its not the best way to store your money.

to be honest if i only had a chance i would definitely do that in order to make even more money, too bad i need fiat for everyday use

FLoving

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for me it is much beneficial to store my money in bitcoin as I will not have to pay any high fees and taxes to the banks and governments and sometimes I feel like banks sucks , while in bitcoin I get a high profit with the passage of time whenever the price of it increases.

2legit2

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Quote from: InsideBjorn on September 07, 2016, 08:24:00 AM

If you really want to store money with the bitcoin it can be option but I honestly do not recommend you to do this because of the fact that the bitcoin can also collapse these days.
The bitcoin is not predictable so I think its not the best way to store your money.

bitcoins are the best to invest your money into and save your money with, i think it should grow a lot in the near future so you would make big money

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Quote from: DuckKeeper on September 07, 2016, 10:46:22 AM

Bitcoins can be good way to store money but i dont think there are allot of peopel wants this because when you store bitcoins as the meaning to safe money and the price drops allot all your money is gone.

Well that is going to be the risk if you are going to store your money with bitcoin. But the fact is that the chance of earning once you are going to store your money with it is much higher. But the bitcoin wallets are secured at all so I can say that bitcoin is a good way to store your money but it is going to depend on you if you are a risk taker.

smho_16

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Quote from: DuckKeeper on September 07, 2016, 10:46:22 AM

Bitcoins can be good way to store money but i dont think there are allot of peopel wants this because when you store bitcoins as the meaning to safe money and the price drops allot all your money is gone.

Only few people believes that the price of bitcoin will decrease with the passing of time so they save their money in their computer which is safer than the bank holding the money for you. Banks can be stolen just like bitcoins but with bitcoins its the user responsibility to safeguard his coins. Bitcoin is a good way to store money.

DuckKeeper

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Bitcoins can be good way to store money but i dont think there are allot of peopel wants this because when you store bitcoins as the meaning to safe money and the price drops allot all your money is gone.

SquallLeonhart

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Quote from: Ulloa on September 07, 2016, 10:04:31 AM

It can be good way to store your money on it but it has some downsides and that is that its not stable.
Its secure in the way of a wallet, but not safe if you are talking as a investment due to the fact it can go up but also go down forever so my final answer is no.

You should take price volatility in a positive way, as its an opportunity to make quick profits and if you keep on thinking of risks then you won't be able to make profits any day.

Fatanut

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I think Bitcoin is a good way to store money. It is atleast better than storing your money into the bank. Both of them are secure. But it's very likely that if you're going to store money, you're going to store it for a while. If you store your money in Bitcoin for a while, there's a possibility that the value is higher than it was. In that way, you can have some profits. On the other hand, storing your money in bank will not give you any profit.

johnnyyash

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either of the two options are good...invest with bitcoin to store more, which is profitable.....and also also to resell..when the price exchange is a bit high...

Ulloa

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It can be good way to store your money on it but it has some downsides and that is that its not stable.
Its secure in the way of a wallet, but not safe if you are talking as a investment due to the fact it can go up but also go down forever so my final answer is no.

d4rkv01d

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Bitcoin is good enough to secure your money coz if you do everything right it can not be associated with you and no one can freeze your account... some times it's very useful feature Wink

But still it's volatile and you should compare risks storing your money in fiat or secure it in bitcoin. as for investment it is risky so you should not invest more then 15% of all your investments to BTC.

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Quote from: prtty2gal2 on September 07, 2016, 08:47:12 AM

Quote from: InsideBjorn on September 07, 2016, 08:24:00 AM

If you really want to store money with the bitcoin it can be option but I honestly do not recommend you to do this because of the fact that the bitcoin can also collapse these days.
The bitcoin is not predictable so I think its not the best way to store your money.

You must be wrong. Price fluctuations are most common, but total collapse of bitcoin is not at all possible as bitcoin has strong conceptual and very depth of fundamental support for being existing. Even bitcoin is still under experimental process, it has billions dollars within it.
So, having Bitcoins for storing your money is not a bad idea and it will grow in value over time for sure.

Yup, you're absolutely right. That bitcoin is a very profitable and one of the recommended places to save money. Because the bitcoin has an incredible system (price fluctuations) and that's all we can get in a way just wait/keep the money we have. Without work or other things besides store (buy and store) we can already get a tremendous advantage

prtty2gal2

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Quote from: InsideBjorn on September 07, 2016, 08:24:00 AM

If you really want to store money with the bitcoin it can be option but I honestly do not recommend you to do this because of the fact that the bitcoin can also collapse these days.
The bitcoin is not predictable so I think its not the best way to store your money.

You must be wrong. Price fluctuations are most common, but total collapse of bitcoin is not at all possible as bitcoin has strong conceptual and very depth of fundamental support for being existing. Even bitcoin is still under experimental process, it has billions dollars within it.
So, having Bitcoins for storing your money is not a bad idea and it will grow in value over time for sure.

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Quote from: diodio5 on September 07, 2016, 08:33:54 AM

Quote from: tampazeus on September 07, 2016, 08:11:11 AM

Quote from: groll on September 07, 2016, 08:08:07 AM

Quote from: Altcoinmoney on September 07, 2016, 03:38:15 AM

Bitcoins can be a good way to store money but you can also lose allot of money becuase the price of the bitcoin is unstable so the price can drop allot and you will make allot of los.

Precisely. We can say that our money is safe with our bitcoin wallets but we cannot guarantee about the price. Its price is so volatile, no one can predict when and how much its price will be. But bitcoin for me is still the best way to transact online if you want a hassle-free transaction.

Risk will always follow bitcoins but don't forget that it can give best profits too if price goes higher in future so I think we can afford to take the risk of investing in bitcoins.

I think although bitcoin prices rise in the future but I'm sure people will not be able to resist their desire to sell at a relatively high price? or maybe they will feel panic when prices go down when a lot of people already say that the price of bitcoin will be high in the future?

that's why you as person should have different coins for different purposes. i for example have a certain amount of coins in my cold wallet that i know i won't sell in the coming years. beside that i also have a cold wallet for when the price shoots up to +$1000 prices at some point. these coins will at some point get sold. and i have coins for trading purposes. that way i can benefit from all aspects.

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Bitcoin could be one of the ways to store, so to save your money. At the moment it is the good investment, the price will be around 600 or even rise for a while, so you should give a try. But at the same time you should carefuly watch the market and react on changes to prevent some possible loses or to invest even more if is a good opportunity.

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