Topic: Bitcoin saving - page 6. (Read 8783 times)
Back in 2012 when the price of BTC was ridiculously low, I was hoping to have the money to buy as much as possible because I was 'predicting' the future possibilities. So, I had a single BTC on my wallet. Last December I got a small inheritance of about 20K and I spend ALL of it on BTC on the price of $900-1000. After selling all my fortune at $1200, now I hope for $800 future price to re-enter the game. After that I won't sell ever again and stay a HODLER!
I've implemented a Bitcoin system with the help of block.io on my marketplace for Nootropics, NootropicPlace.com.
Was able to set it up, relatively easily, so that everyone who registers is generated their own store Bitcoin address. Funds can be sent to this Bitcoin address to fund their wallet. Also, orders can be placed, and withdraws made from their wallet and its all done automatically!
After seeing how wonderful a system Bitcoin is, I am a true believer. What an amazing technology!
Was able to set it up, relatively easily, so that everyone who registers is generated their own store Bitcoin address. Funds can be sent to this Bitcoin address to fund their wallet. Also, orders can be placed, and withdraws made from their wallet and its all done automatically!
After seeing how wonderful a system Bitcoin is, I am a true believer. What an amazing technology!
I am a dynamic person, so I do not want a small profit margin for a long time, saving bitcoin is not a wise thing for a variable currency like bitcoin. You can earn a small amount of money in a short period of time if you are a trader, you do not have to wait for such a long period of time for only a small margin of savings. I like to challenge, so I'm a trader, I trade it everyday and make money from it, of course, you can not always win, but you can make a lot of money in a short time, that's for sure. In addition, you can earn a steady income by participating in signature campaigns on this forum, which is a great income.
Long term investors are those who had the time and money when the price was really low and for people who had the opportunity to enter the bitcoin space when the price was really low,the risk factor is really low and they could have the leverage to do what ever they want with their investment and even with the current price the speculation is that the price would triple from the current value and it is a possibility.
I am a dynamic person, so I do not want a small profit margin for a long time, saving bitcoin is not a wise thing for a variable currency like bitcoin. You can earn a small amount of money in a short period of time if you are a trader, you do not have to wait for such a long period of time for only a small margin of savings. I like to challenge, so I'm a trader, I trade it everyday and make money from it, of course, you can not always win, but you can make a lot of money in a short time, that's for sure. In addition, you can earn a steady income by participating in signature campaigns on this forum, which is a great income.
:)I've never heard about the challenge, but about the saving, what I do is to save 20% of all my BTC earnings through ICO investment and signature campaign, it is growing and I'm happy about the result so far
Since you are just a newbie then its just fine and this challenge is actually famous not only on online world but on real life experiences or situation you could really hear about this challenge which do really focus on saving up money or any other thing which is valuable 52weeks considered as 1 year.I do try to accept this challenge but its really hard specially when you are an active spender.
:)I've never heard about the challenge, but about the saving, what I do is to save 20% of all my BTC earnings through ICO investment and signature campaign, it is growing and I'm happy about the result so far
Even without the 52 weeks challenge anyone who don't wants to get broke should by default learn how to save in time of surplus. But saving in the case of bitcoin could either turn out to be the best decision or just be the worst decision and the reasion is just the majority, sees it as a commodity which can be traded therefore having effect on its price which swings at will. For me, I will want to save in a more stable currency.
Oh my, yah, saving in bitcoin could turn out to the best decision or just the worst one. Especially now that it totally increases continuously. The OP’s 52 weeks challenge is good if he try to do it to bitcoin I guess, he will get awesome amount then next year. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?
This is the most popular question among btc learners but easiest to answer for btc users and enthusiasts. Obviously, Bitcoin! Next aspect comes why?? The volatility of Bitcoin can easily satisfy this question. Due to huge deviations in btc price chart over time, it is most profitable asset.
Bitcoin is best performing asset of last two years
All one need is courageous heart! Also everyone gets a single life, better fill it with risks and thrills to get complete enrichment
yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.
I accept it. Bitcoin savings will help us for sure due to potential and price value. To have a comparison, bitcoin is similar to gold. If we invest and save today then it will make big amount in future. I suggest to save your bitcoin in desktop wallet for the security purposes.
Realizing that if you want something you have to know how to control yourself.
There is no problem with withdrawing your coins, that is one good part of it. Using it as money does good stuff also, it makes the circulation of bitcoin and somehow it also creates a fluctuation.
That is the one thing I loved about bitcoin aside from making us anonymous and helping secure our transaction. Dont regret spending it.
yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.
I accept it. Bitcoin savings will help us for sure due to potential and price value. To have a comparison, bitcoin is similar to gold. If we invest and save today then it will make big amount in future. I suggest to save your bitcoin in desktop wallet for the security purposes.
Realizing that if you want something you have to know how to control yourself.
yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.
I accept it. Bitcoin savings will help us for sure due to potential and price value. To have a comparison, bitcoin is similar to gold. If we invest and save today then it will make big amount in future. I suggest to save your bitcoin in desktop wallet for the security purposes.
Well, gold now is very stable compared to bitcoins. Bitcoins are really super volatile and you can't really rely on it's potential price. It could drop in time or in the inverse it could suddenly sky rocket and lift off to the moon and not fall back to where it is now. It can't really be savings as it is too volatile. Savings means that it is stable and you know the price of it at any given time.
yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.
I accept it. Bitcoin savings will help us for sure due to potential and price value. To have a comparison, bitcoin is similar to gold. If we invest and save today then it will make big amount in future. I suggest to save your bitcoin in desktop wallet for the security purposes.
Currently im saving all my earnings in my bitcoin wallet and im now on my 4th week. i prefer btc than fiat because the price is flactuating and it can increase especially now.
It is really fluctuating big time and the value of bitcoin to dollar is $1038.41 as we speak yesterday is goes on a whopping $1052 dollar it is really a very good investment right now but the thing is if you just change your bitcoin when it is just a mere $900 then it is your loss the value right now is unpredictable I thought it would go down but it is still fighting to goes up!
Currently im saving all my earnings in my bitcoin wallet and im now on my 4th week. i prefer btc than fiat because the price is flactuating and it can increase especially now.
yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.
I'm very familiar with the 52 weeks challenge and currently doing it with the dollar. I think it might be possible for you but the feeling wont be the same. Bitcoin is a digital currency unlike the dollar which I can put in my piggy bank.
In my opinion, I would rather go in 50% in savings and 50% investment, this method for me was quite good. Why I said it? because if we are going to put our money in savings, time will be wasted, instead the investment is rolling up to be profitable it not gonna happen, though saving it is not bad, only the point is we are applying the motto of time is Gold. at least in this thing we save 50% of saving and the rest 50% is rolling the investment to profit. everything is in balance, if we do this things.
Saving isn't as much a waste if time as one might think and just because I believe in bitcoin's current inflation resistance and that I believe in a rise in value in coming years, I'm saving perhaps 90% of any btc I earn. The remaining 10% invested isn't doing too badly either.
I prefer saving 100% of the Bitcoin I earn. I am not buying anything because I expect a price ten times higher than what it is right now. Of course, events will slow down this process a lot but in the future we will see a high one because more and more people will need Bitcoin.
In my opinion, I would rather go in 50% in savings and 50% investment, this method for me was quite good. Why I said it? because if we are going to put our money in savings, time will be wasted, instead the investment is rolling up to be profitable it not gonna happen, though saving it is not bad, only the point is we are applying the motto of time is Gold. at least in this thing we save 50% of saving and the rest 50% is rolling the investment to profit. everything is in balance, if we do this things.
Saving isn't as much a waste if time as one might think and just because I believe in bitcoin's current inflation resistance and that I believe in a rise in value in coming years, I'm saving perhaps 90% of any btc I earn. The remaining 10% invested isn't doing too badly either.
In my opinion, I would rather go in 50% in savings and 50% investment, this method for me was quite good. Why I said it? because if we are going to put our money in savings, time will be wasted, instead the investment is rolling up to be profitable it not gonna happen, though saving it is not bad, only the point is we are applying the motto of time is Gold. at least in this thing we save 50% of saving and the rest 50% is rolling the investment to profit. everything is in balance, if we do this things.
yes that is a good decision. investing all your assets is not a good decision, you must keep some of your money in hands, because no one know about the future and if you suddenly feel desperate need for money then you must have some in hand as may be no one may lend you money at that time even bank may also refuse to give you loan. investing all your money in one business is also risky. 
Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work?
I think I've heard this before, but I never tried this one. But I guess you can save enough bitcoin even just for a week if you are not going to spend any of it and depends also on your earnings per day. If you are really dedicated to save enough bitcoin, then not spending your bitcoins in 52 weeks would turn out a lot of bitcoin, and yes, saving bitcoin will work because its price is more higher than fiat.
I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?
Saving bitcoin will do actually. Bitcoins is more convenient to save rather than fiat because you can have more profit form it than saving fiat because fiats price is constant and not that big like bitcoins.
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