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Topic: Bitcoin is a good way to store money? - page 9. (Read 7021 times)

legendary
Activity: 1120
Merit: 1007
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September 05, 2016, 02:55:09 PM
#82
I consider bitcoin as secure way to store my funds rather than investment oppurtunity however it feels like getting reward when price get pumped and the value of bitcoin i have stored get increased in terms of fiat.
hero member
Activity: 1358
Merit: 622
Maintain Social Distance, Stay safe.
September 05, 2016, 02:52:59 PM
#81
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..
hero member
Activity: 756
Merit: 500
September 05, 2016, 02:52:45 PM
#80
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.
legendary
Activity: 980
Merit: 1000
September 05, 2016, 02:48:10 PM
#79
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 bitcoin isn't good way to putting all your money because there is no 100% safe in bitcoin world you could got hacked for your wallet anytime and also there is no stable price in bitcoin because the price could dropped or rise up with pretty fast only in a day even though those situations is very rarely
legendary
Activity: 1512
Merit: 1000
September 05, 2016, 02:46:32 PM
#78
Sure, bitcoin is a good way to store money, but I wouldn't store all my money in bitcoin. Same with investing. Bitcoin is a great investment, but I wouldn't invest everything in bitcoin.
hero member
Activity: 980
Merit: 523
September 05, 2016, 02:30:28 PM
#77
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 .
sr. member
Activity: 294
Merit: 250
September 05, 2016, 02:12:43 PM
#76
I think so if it's for small amounts and for longer term, Shorter term as well as big amounts are not suitable for investing in bitcoin IMO because of the even higher risk associated with it, it's also suitable if you don't intend to withdraw "if you just want to keep it as BTC".
legendary
Activity: 840
Merit: 1000
September 03, 2016, 08:50:28 AM
#75
Surely it is. If I never invested in Bitcoin, my overall wealth would not even be 50% of what it is right now.

I was solely a hodler as my handle may suggest, but since a while I have also jumped into trading to increase my coin count.

So yes, for me personally, Bitcoin has been a great store of value and investment option.

Yup bitcoin is best as an investment tool and I am putting my part of salary in it on regular basis to earn best returns in future and trading allows me to have some 'extra' coins in my wallet.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
September 03, 2016, 08:48:31 AM
#74
certainly it is. But I would not recommend to spend a major portion of your earning in to bitcoin, but you can decide around 10-15% of your monthly earning to be converted in to bitcoin.

Take it as an alternate investment option and just hold on to your stored bitcoin for long term like 5-7 years and you won't regret.

Yeah bitcoin is an good long term investment, so its good to invest money in it as price is descent at a moment to make some investments and even whatever you are earning should be saved for the future.

Bitcoin could be could investment but just for our spare money its because we can't really tell that we can earn from it or we can't predict if the price go lower down or up, so by that means bitcoin could never good if you put all your wealth here and just wait for flactuation to go up, but it can be good if you are planning to do some profitable business and build some innovative idea's to earn more from your capital.
legendary
Activity: 1526
Merit: 1179
September 03, 2016, 08:40:28 AM
#73
Surely it is. If I never invested in Bitcoin, my overall wealth would not even be 50% of what it is right now.

I was solely a hodler as my handle may suggest, but since a while I have also jumped into trading to increase my coin count.

So yes, for me personally, Bitcoin has been a great store of value and investment option.
legendary
Activity: 1008
Merit: 1000
September 03, 2016, 08:12:07 AM
#72
certainly it is. But I would not recommend to spend a major portion of your earning in to bitcoin, but you can decide around 10-15% of your monthly earning to be converted in to bitcoin.

Take it as an alternate investment option and just hold on to your stored bitcoin for long term like 5-7 years and you won't regret.

Yeah bitcoin is an good long term investment, so its good to invest money in it as price is descent at a moment to make some investments and even whatever you are earning should be saved for the future.
legendary
Activity: 3080
Merit: 1500
September 03, 2016, 08:07:17 AM
#71
certainly it is. But I would not recommend to spend a major portion of your earning in to bitcoin, but you can decide around 10-15% of your monthly earning to be converted in to bitcoin.

Take it as an alternate investment option and just hold on to your stored bitcoin for long term like 5-7 years and you won't regret.
hero member
Activity: 1470
Merit: 655
September 03, 2016, 08:02:46 AM
#70
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?

i don't thing anything about this thing Cheesy

but i think bitcoin is a good investment not a way to store your money, if you are looking for something more stable then you can take a look at gold because although bitcoin is a lot stable these days but it is still volatile from time to time which makes it hard to take risks.
legendary
Activity: 840
Merit: 1000
September 02, 2016, 01:43:22 PM
#69
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.
Bitcoin is a good to choose to save our money this time because i believe that bitcoin will be more valuable in the future., because it is growing daily and more price increase will come i believe that bitcoin price will hit at 1k value not this year but i feel that it will happen..
a feeling is not a very good indicator of where to put your money. there are good reasons to believe in bitcoin and invest in it, but only time will tell if bitcoin is a good way of storing money.


Anything can happen with bitcoin and there is no guarantee that it will hit $1k in future, as no one can predict the price of bitcoin in future, it may even fall to an extreme level.
sr. member
Activity: 280
Merit: 253
September 02, 2016, 01:35:35 PM
#68
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.
Bitcoin is a good to choose to save our money this time because i believe that bitcoin will be more valuable in the future., because it is growing daily and more price increase will come i believe that bitcoin price will hit at 1k value not this year but i feel that it will happen..
a feeling is not a very good indicator of where to put your money. there are good reasons to believe in bitcoin and invest in it, but only time will tell if bitcoin is a good way of storing money.
sr. member
Activity: 672
Merit: 250
September 02, 2016, 01:32:39 PM
#67
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?

It depends on you if you can take the risk or not, because bitcoin is a currency that is never stable, sometimes it is high and sometimes it is low, now if you can take the pressure then it can be good to store your money in bitcoin but if you have a blood-pressure problem then just stay out of it or you will kill yourself with so much pressure.
legendary
Activity: 1638
Merit: 1046
September 02, 2016, 01:06:35 PM
#66
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.
Bitcoin is a good to choose to save our money this time because i believe that bitcoin will be more valuable in the future., because it is growing daily and more price increase will come i believe that bitcoin price will hit at 1k value not this year but i feel that it will happen..
legendary
Activity: 2436
Merit: 1008
September 02, 2016, 01:02:30 PM
#65
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.

That's exactly what Im pojnting of...

..we can really make such action whenever the price went on our desired way or not.

It's safe on a matter that we can play with all the associated risk if we choose to invest on bitcoin especially.
hero member
Activity: 924
Merit: 1000
September 02, 2016, 12:42:24 PM
#64
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.
legendary
Activity: 2436
Merit: 1008
September 02, 2016, 12:36:49 PM
#63
Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it...

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.
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