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Topic: Bitcoin saving - page 7. (Read 8783 times)

hero member
Activity: 1022
Merit: 500
February 08, 2017, 03:07:55 AM
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.
copper member
Activity: 1330
Merit: 899
🖤😏
February 08, 2017, 03:04:09 AM
52 cards of gambling, 52 weeks equals one year, do you really think it's all you, doing the earnings, doing the savings? trust in the one who has provided for you and for every living creature and try to grow your savings by throwing some dice and you might get lucky this time.

Statement above is my greed and my demon talking in my head with my voice every time I decide to save some bitcoins Sad.
hero member
Activity: 2912
Merit: 674
February 08, 2017, 02:21:56 AM
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? 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?

I never heard of it, does 52 weeks money challenge have a link? can you send it here? anyway, regarding about your question. yeah! it is the right time for you or us to save bitcoin, because I really sense that before end of this year 2017 it will goes up from 1500$-2000$ or more. Because the demand of the of the investors are so hot in bitcoin. That's all I can say.
Just search on google and you will get your answer, the explanation there is saving on money and not in bitcoin. However, I guess if we save bitcoin, it can give us double interest income as the value grows overtime, putting your money in the bank doing the challenge will only give us a little percentage of interest. If you haven't started savings yet, you need to do it now, doesn't matter what method you follow as long as you can do it.
hero member
Activity: 616
Merit: 502
February 08, 2017, 02:08:57 AM
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?

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.
hero member
Activity: 1330
Merit: 569
February 08, 2017, 02:06:30 AM
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.
hero member
Activity: 924
Merit: 500
February 08, 2017, 01:37:06 AM
#99
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? 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?

I never heard of it, does 52 weeks money challenge have a link? can you send it here? anyway, regarding about your question. yeah! it is the right time for you or us to save bitcoin, because I really sense that before end of this year 2017 it will goes up from 1500$-2000$ or more. Because the demand of the of the investors are so hot in bitcoin. That's all I can say.
sr. member
Activity: 476
Merit: 250
February 08, 2017, 12:04:21 AM
#98
My friends have been doing the 52-week challenge since a while now. Not in bitcoin but in fiat.
I think it would be more difficult when you do it in bitcoin because it is easier to earn in fiat than in bitcoin. Everyone knows that.
I can't imagine where should I get that big money when I'm in the last weeks. Maybe I can do it if I start very low.
hero member
Activity: 1190
Merit: 511
February 06, 2017, 10:29:01 AM
#97
Yeah bitcoin saving is good and great opportunity is waiting for the future, because holding bitcoin is profitable when price becomes higher in the economic movement of digital currency market. Eventhough you're in a hardest moment of decisions with your investments, you are capable with btc earning good profit along with the movement of its price.
In any aspects, saving money, time is so important in our life. Also with bitcoin, if you will save every week at least 10%of your bitcoin earnings then it would be a great investment for us and an opportunity to increase our bitcoin as well as investments.
I didn't have the chance to think of it, but, it is a great idea. Let me try this and see result at the end of the year. Hoping I can make it.
sr. member
Activity: 294
Merit: 250
February 06, 2017, 10:27:35 AM
#96
I already decided for myself to put 20% of my monthly bitcoin earnings on the side. it is not some huge money to me, but in the case if bitcoin will rise to 5000$ I will get very good money from it. and as i heard some experts promissed the price for bitcoin in the value of 10000$!
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
February 06, 2017, 10:23:51 AM
#95
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? 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?

I'm familiar with the challenge & I think it's a good idea. In my opinion based on bitcoin's performance over the last 12 months or so you'd save more by doing the challenge with bitcoin.

Good luck.
legendary
Activity: 1106
Merit: 1005
February 06, 2017, 10:21:25 AM
#94
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? 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?
I am putting aside money every week and buy bitcoin with that each week.

Best way to safe up money.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
February 06, 2017, 10:16:30 AM
#93
Yeah bitcoin saving is good and great opportunity is waiting for the future, because holding bitcoin is profitable when price becomes higher in the economic movement of digital currency market. Eventhough you're in a hardest moment of decisions with your investments, you are capable with btc earning good profit along with the movement of its price.
sr. member
Activity: 812
Merit: 251
February 06, 2017, 09:50:51 AM
#92
It's best to save especially Bitcoin as the prices keep going up on a daily basis; its currently th best investment/trade out there in the cryptocurrency world so I would admonish you to rather save up Bitcoins now because I suspect it to skyrocket by December.
legendary
Activity: 3164
Merit: 1175
February 06, 2017, 09:45:09 AM
#91
this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..

More you give, more you have. I think saving is good option for people who earn a lot and they can put money on a side from time to time. I spend all my money, and I don't have enough to put something on a side.

If I decide to save one day, it will be in bitcoins or gold. That is better then saving in any some fiat currency.
hero member
Activity: 980
Merit: 523
February 06, 2017, 09:36:27 AM
#90
Yeah this is a good idea saving bitcoin for future of btc price and if you hold it while the price is low, there could be a big chance to generate high profit when the time came for btc currency price will goes higher. When the price is high, you now have the opportunity to sell your holdings depending on the amount you want and its best also if trade your bitcoin to altcoins trading.
yeah i am quite agree with you i think rather than 52 week money challange or any think else saving of bitcoin for the long term always gave you profit and it will also help you in difficult situation in future when you need money desperately and if your price of bitcoin increase per week it is much better.......
hero member
Activity: 1400
Merit: 571
February 06, 2017, 09:01:23 AM
#89
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? 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?

Never heard of this thing also, but I think that this is effective, if, you are really not going to be tempted to use your bitcoin and buy something that you wanted to buy, and to getting straight to the point, Yes, saving bitcoin is more effective to earn more money or can save more money than saving fiat. Since bitcoins price is always increasing and decreasing, but mostly this time it is increasing so, so you can earn more profit by this and convert to fiat after 52 weeks. I'm sure you can get more money that you can ever imagine than in saving fiat.
sr. member
Activity: 476
Merit: 250
February 06, 2017, 05:24:41 AM
#88
Never tried the challenge. It's hard to do without a regular job. IMHO though you are still better of saving in btc... and not converting it to fiat. BTC price do fluctuate but it has been on a steady climb. Even if you just saved some bits and never touched it again for a year, you'd see an increase. After you're done with the challenge you can then invest the money in other bitcoin-related stuff. Of course you might still want some traditional investments, just to spread the risk out.

Yes unless you have a regular job, it won't be much effective. Bitcoin is moving rapidly and as a user you are meant to play with the rise and fall too, not to save.
In short, the word 'saving' is not meant for bitcoin.
hero member
Activity: 1764
Merit: 584
February 06, 2017, 05:15:57 AM
#87
Never tried the challenge. It's hard to do without a regular job. IMHO though you are still better of saving in btc... and not converting it to fiat. BTC price do fluctuate but it has been on a steady climb. Even if you just saved some bits and never touched it again for a year, you'd see an increase. After you're done with the challenge you can then invest the money in other bitcoin-related stuff. Of course you might still want some traditional investments, just to spread the risk out.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
February 06, 2017, 05:06:51 AM
#86
You will save more with bitcoin and it grows unlike putting the fiat in your drawer it will not grow and will just stay in its value. But it is just harder when it is with bitcoin. The temptation is always there, you could sell anytime to be brought back to fiat or other currency which have sure value. Just like now, it grows more and more and the exchange button is just there. Maybe you could lock it up if you want nothing to do with it yet.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
February 06, 2017, 05:00:22 AM
#85
this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..
I agree with you. My financial teacher taught me that saving money is equivalent to leaving money die. The inflation always there and it will slowly kill your money. Therefore, I always looking for an investment or other ways of making money in order to grow my Bitcoin. I have to collect more Bitcoin if I want to become rich in the future
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