Bitcoin is a good way to store money? - page 8.

danherbias07

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Quote from: Woshib on September 01, 2016, 09:57:01 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?

Already doing it like a storage of my excess funds from my salary. But still whenever I am kreping a lot, something will come up that makes me withdraw some. Though it is still profitable even if it didnt stay for a long time.

diodio5

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Quote from: Indrawan77 on September 05, 2016, 11:28:36 PM

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

yeah risk of storing the bitcoin is getting losses due to price changes fast enough on its own bitcoin. fluctuations in bitcoin make investments in bitcoin be quite risky. so my advice do not use all your money to invest in bitcoin because it would be too risky

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Quote from: Noctis Connor on September 05, 2016, 10:55:49 PM

Quote from: adibe on September 02, 2016, 07:42:24 AM

I think bitcoin is not a good way to store money, because the price of bitcoin is always changed and it's not good to stored your money into bitcoin. If the bitcoins price increase, it's good for your money, but if decreased, it's not good.

Yes storing bitcoin is not a good idea because the bitcoin price is not always that stable it always change in every week or everyday depends on how many user are going to sell their bitcoin but if something miracle happens then your luck is awesome because to earn profit without doing anything.

not really good and i already experience it , at past when bitcoin is on high rate i save mine and waiting untill halving , but the price is not what i expected, so store money with bitcoin is not really good to do unless you ready to lose some of your money if you can't develop it

Dudeperfect

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Short Answer : No

Long Answer : Definitely not in near future. Bitcoin is very good to transact on international level as compared to fiat but don’t misunderstand it with option to store your whole assets. Bitcoin is still in its evolution stage and yet to reach new miles and price might fall and rise during this journey, so it’s not recommended to put something in it which is not affordable to lose. I might be completely wrong, but that’s what think about it.

Yakamoto

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Bitcoin, as it is right now, isn't a really good way to store Bitcoin, in my opinion. It's more of a volatile currency and speculation tool for right now, and later in the future once there is more stable and likely higher value it will be a better place to store your money. Right now it is just a good way to make some money trading, a good currency to work for, and something to invest in for the long term potentially if you have that kind of outlook for Bitcoin.

Indrawan77

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I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

Noctis Connor

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Quote from: adibe on September 02, 2016, 07:42:24 AM

I think bitcoin is not a good way to store money, because the price of bitcoin is always changed and it's not good to stored your money into bitcoin. If the bitcoins price increase, it's good for your money, but if decreased, it's not good.

Yes storing bitcoin is not a good idea because the bitcoin price is not always that stable it always change in every week or everyday depends on how many user are going to sell their bitcoin but if something miracle happens then your luck is awesome because to earn profit without doing anything.

hajimasan

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Quote from: Woshib on September 01, 2016, 09:57:01 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?

in my opinion bitxoin is better way to store our money if btc price are very low and when rate increase or remain stable then no loss will be occur so in this way to store money in btc wallet is best option .

bhadz

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Quote from: madwica on September 05, 2016, 09:51:12 PM

Quote from: chousbwxx on September 05, 2016, 09:12:50 PM

Quote from: Teraboy on September 05, 2016, 08:48:46 PM

Storing your money in bitcoin? you must ready for losing your amount at anytime because the storing is reffering you're not doing anything with your money and kep them in your storage. the volatility is the worst reason for you to storing your bitcoin in bitcoin. you will nmever realize for losing your money about the volatility of bitcoin and better for finding another way if you just are storing your money and not doing anything with your money because bitcoin is made not for a wallet for your money in this time.

If bitcoin price is up, you wouldn't say volatile issue, come on, bitcoin is good for storage, and very safe in cold wallet, theives can't steal, who will steal your usb when he robs you?

There is a possibility that your bitcoin will lost because there is no insurance of your money even in one click we can not access our bitcoin wallet. That is why just put amount of money that you can afford to lose.

No one is ever going to access your bitcoin wallet unless you are going to give the private keys and password to them. But in reality, the security of bitcoin wallets are really tough enough and it is a good way to store your money. But always remember that it is risky since it is a crypto currency you have the chance to earn and to loss.

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Quote from: drwtsn32 on September 05, 2016, 10:20:28 PM

First, the reason why it became a good way to invest because the price is unstable.
Why? Because you can play with its movement and make profits.
Of course you can just store your money in your wallet but don't expect that it will stay the same after some time. Use a cold storage instead.

We should always keep in mind that we will benefit on those ups and downs if we are using our bitcoin and if we are holding a big amount...Now, if you are planning to keep your money in bitcoin and in your wallet, I think we won't be making big money with it, though it will be very safe that way...

drwtsn32

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First, the reason why it became a good way to invest because the price is unstable.
Why? Because you can play with its movement and make profits.
Of course you can just store your money in your wallet but don't expect that it will stay the same after some time. Use a cold storage instead.

madwica

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Quote from: chousbwxx on September 05, 2016, 09:12:50 PM

Quote from: Teraboy on September 05, 2016, 08:48:46 PM

Storing your money in bitcoin? you must ready for losing your amount at anytime because the storing is reffering you're not doing anything with your money and kep them in your storage. the volatility is the worst reason for you to storing your bitcoin in bitcoin. you will nmever realize for losing your money about the volatility of bitcoin and better for finding another way if you just are storing your money and not doing anything with your money because bitcoin is made not for a wallet for your money in this time.

If bitcoin price is up, you wouldn't say volatile issue, come on, bitcoin is good for storage, and very safe in cold wallet, theives can't steal, who will steal your usb when he robs you?

There is a possibility that your bitcoin will lost because there is no insurance of your money even in one click we can not access our bitcoin wallet. That is why just put amount of money that you can afford to lose.

chousbwxx

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Quote from: Teraboy on September 05, 2016, 08:48:46 PM

Storing your money in bitcoin? you must ready for losing your amount at anytime because the storing is reffering you're not doing anything with your money and kep them in your storage. the volatility is the worst reason for you to storing your bitcoin in bitcoin. you will nmever realize for losing your money about the volatility of bitcoin and better for finding another way if you just are storing your money and not doing anything with your money because bitcoin is made not for a wallet for your money in this time.

If bitcoin price is up, you wouldn't say volatile issue, come on, bitcoin is good for storage, and very safe in cold wallet, theives can't steal, who will steal your usb when he robs you?

Teraboy

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Storing your money in bitcoin? you must ready for losing your amount at anytime because the storing is reffering you're not doing anything with your money and kep them in your storage. the volatility is the worst reason for you to storing your bitcoin in bitcoin. you will nmever realize for losing your money about the volatility of bitcoin and better for finding another way if you just are storing your money and not doing anything with your money because bitcoin is made not for a wallet for your money in this time.

blackmachinegun

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Quote from: Bitcoinsummoner on September 05, 2016, 01:52:59 PM

Quote from: Ewinsane on September 05, 2016, 01:30:28 PM

yeah its really very good way to store your money in bitcoin because bitcoin is very stronger and very secure currency and bitcoin is available in everywhere at all countries for online shopping and bitcoin transaction is very quick than other .

Very stronger than altcoin and very secured is not true bitcoin still not have a reverse payment just like paypal.
This is what people want to happen..

of course when compared with other cryptocurrency bitcoin has a greatness that is better than the equivalent? but for bitcoin investments may be so risky? you can see the gold or stocks? of course gold and stocks have a lower risk compared with bitcoin? but bitcoin has a greater interest. IMO

The Sceptical Chymist

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If you think bitcoin is going to gain in value, yes, it can be profitable. I don't think it's a safe bet by any means, though. You could have much better luck stuffing cash under your mattress or burying it in your backyard with grandma. Just as bitcoin can rise, so can it fall.

Me? I think it's a fun ride. I'm not using bitcoin to "store money".

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Quote from: kanazawa on September 05, 2016, 01:52:45 PM

Man, in Latin America lot of people in 2012 bought BTC and since this time, official currencies are falling in the abyss, so, in Venezuela (yhe most brutal case), Argentina and Brazil i.e, if wasn't BTC, many extreme visionary (and truly believers) would be in serious trouble. It was (at least for some people) a way to escape from governmeny claws.

So you would think the governments in these country would try and outlaw it's use their.

I think that Central America is the safe haven to use your bitcoins though.

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Quote from: Conus on September 05, 2016, 04:45:17 PM

Unless you are trading on a daily basis, I do not think that bitcoin would be a good way just to store your money. There are few sites that actually offer a good interest rate on the money you have sitting there and the ones offering a good return always end up going scam.

it's too bad for using bitcoin because considering from their volatility but different for investing place it's will give you different advantages from the another investing place before. but I think a lot of people already understands about the site is you referred.

Conus

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Unless you are trading on a daily basis, I do not think that bitcoin would be a good way just to store your money. There are few sites that actually offer a good interest rate on the money you have sitting there and the ones offering a good return always end up going scam.

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Sometimes if we dont have knowledge about bitcoin price make worry when the price go down, but invest money to bitcoin is one good way if you buy bitcoin when the price is cheap and you have plan to store bitcoin for long time period, cause long time period is more secure way to invest in bitcoin, do not worry about the price cause bitcoin is now popular so many people we use bitcoin for payment menthod and make bitcoin have good value in future

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