Topic: Bitcoin savings account? - page 2. (Read 4346 times)
It is quite different question. I will give brief idea. It's right Bitcoin wallets useful to store bitcoins and worked as savings account. If any urgent need, you can spend your bitcoin anytime, anywhere. Its up to you.
It is something bank-like the way you say it.
Anyway, your bitcoin is always some sort of savings wherever you put it because it always gains value. Everyday bitcoin, although rising and falling in the middle, is going up. So the price of your bitcoin is also increasing. That's better than any savings deposit.
Anyway, your bitcoin is always some sort of savings wherever you put it because it always gains value. Everyday bitcoin, although rising and falling in the middle, is going up. So the price of your bitcoin is also increasing. That's better than any savings deposit.
If yobit could guarantee the payment every day for at least 365 days straight that would be 72% annual interest which is way more than any banks offering right now, at least in my country most interest rates are around 23% max but they are banks, yet what other exchanges or cloud mining services which they own their own mining pools as well are offering is a very good deal IMO.
There is no way any exchange is going to make any guarantees like that, you can lend your money in poloniex to traders, but there is not guarantees that there are going to be takers for your loan offers or that people will want to pay the rates that you want, so you must take that into consideration when calculating your possible profits when lending.
A project like a Bitcoin savings account? Do you mean like the ones that banks have? Currently, I only use wallets to store my Bitcoin. It doesn't function like the way a savings account of a bank does, but I can store my Bitcoins there. So far for me, the services of a Bitcoin wallet is sufficient and enough. Other than that, I have not heard of any upcoming project that would act like a bitcoin savings account.
Is there any upcoming project that would act like a bitcoin savings account?
I think no project will be like that because there's a bitcoin wallet where you can hold your coin but there's ICO here in the forum where you are going to earn their coins by joining the bounty or just by investing in them by buying their coin with discount and wait for the distribution and sell it at the market if the coin is distributed. 
Is there any upcoming project that would act like a bitcoin savings account?
There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin.Is there any upcoming project that would act like a bitcoin savings account?
There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin.That's true, these HYIP's are disguised and they pretend to be on your side so save with them for profits too good to be true but you'll eventually be scammed by them depending on the level of the ponzi you entered. I'll advice that people rather invest into cryptocurrency mining than rely on these or cloud mining as a form of saving investments.
If yobit could guarantee the payment every day for at least 365 days straight that would be 72% annual interest which is way more than any banks offering right now, at least in my country most interest rates are around 23% max but they are banks, yet what other exchanges or cloud mining services which they own their own mining pools as well are offering is a very good deal IMO.
If they would somehow guarantee that you will be able to get your coins back any moment it would be nice.
Not talking about the 72% interest.
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
I think the most important thing is "virtual".
Cause in reality you might soon find out it there is no such thing as "risk free".
And poloniex of all thing.... meh
Is there any upcoming project that would act like a bitcoin savings account?
There are so many of this on Facebook and they are called hyip or double or lending platform just like MMM founded by Mavrodi but be careful with this kind of sites or programs,majority of them are scam sites,I've not yet seen a trustworthy investment sites that uses Bitcoin. Is there any upcoming project that would act like a bitcoin savings account?
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
Is it profitable?
https://poloniex.com/lending#BTC
Here you see the current rates.
Those are the daily rates (!) so you can easily get 30% per year or more.
The rates jump up often, I've seen it above 1%/day at really speculative times. I would bet its possible to do much better than 30% per year.
Absolutely; but even when the rate drop is structural (a high amount of bitcoins was added about a week ago, so a big whale started to lend) it's a nice result. And because I'm using an intelligent lending bot my results are even better then manual lending gave me before.
Is there any upcoming project that would act like a bitcoin savings account?
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
Is it profitable?
https://poloniex.com/lending#BTC
Here you see the current rates.
Those are the daily rates (!) so you can easily get 30% per year or more.
The rates jump up often, I've seen it above 1%/day at really speculative times. I would bet its possible to do much better than 30% per year.
Is there any upcoming project that would act like a bitcoin savings account?
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
Is it profitable?
https://poloniex.com/lending#BTC
Here you see the current rates.
Those are the daily rates (!) so you can easily get 30% per year or more.
Is there any upcoming project that would act like a bitcoin savings account?
I deposit to poloniex then lend my bitcoins using their virtually risk free lending portal, I get good interest on all my bitcoin savings there.
Is it profitable?
If yobit could guarantee the payment every day for at least 365 days straight that would be 72% annual interest which is way more than any banks offering right now, at least in my country most interest rates are around 23% max but they are banks, yet what other exchanges or cloud mining services which they own their own mining pools as well are offering is a very good deal IMO
There is no way in which Yobit can guarantee this
Or any other cryptocoin exchange out there, for that matter. They could provide safety in respect to loans since this is not very difficult to implement technically (provided you know what you are doing), but they can't give you a genuine guarantee of any kind that they are safe from being hacked (or scamming and running away with your money). We should remember that Bitcoin remains Bitcoin, and once stolen there is no possibility of rolling back or undoing the theft in some other way
Is there any upcoming project that would act like a bitcoin savings account?
What do you mean bitcoin savings account? is it like a bank that giving any interest of the money you lend it to them.
For me it is good to do bitcoin savings through putting it in the bitcoin wallet address. Like Electrum, bitcoin core, multihd, and etc.
Is there any upcoming project that would act like a bitcoin savings account?
There are many things if you have a knowledge about bitcoin. that what is bitcoin and where is there saving clients in internet. It is basically saves online. Online mean internet. There is wallet where people saves there bitcoins for future. So i hope you get it and understand about this what i'm trying to say. Try to visit this website "www.coinbase.com" 
The goodness of investing and trading happens based on the user involved in it. With trading one needs more time to be spent, only then profit making is possible. With investment a minimal profit is assured based on the investment capital. But finding legitimate investment site is not that easy.
If you think that finding a place to invest is a difficult thing you can simply use trading as an income option. Do not be too pushy to invest if you do not find a safe place to invest. Because if you insist it might be risky
The only way you'd be able to earn some interest in a savings-styled account is by depositing your bitcoins with a centralised service that you'll have to trust to keep your deposit safe. As you can certainly see from the posts here, there are several that even I would rate as medium risk (as opposed to high and extremely high) simply due to their longevity and reputation. These range from exchangers like Poloniex and Yobit, to gambling sites like freebitco.in and bitkong. But at the annual rates of the latter (gambling), you're actually better off changing to fiat and depositing in a centralised bank which at least partially insures your deposit. Just hold and earn. Safest method.
Bitcoin is a new form of community savings that is applied with a system that is not troublesome. In addition to saving bitcoin, all the usual financial intermediaries in the bank can be eliminated. Holders also do not have to pay for service and registration fees. There are already more bitcoin savings accounts. Bitcoin is safe and can have profits in storing it. Just choose the best one, i recommend select the one who trusts the security of the service, combine simplicity with security, can trader comfortably, and the course can benefit from the savings, wouldn't have a loss in it, and have a proof satisfy for savers.
I don't know if this is useful to have a bitcoin savings account because we already have bitcoin wallet that we can store our bitcoins for long term holdings and just do nothing with it except just wait for the possible rise on the price of bitcoin. We don't really need bitcoin savings account because it is like we are risking our bitcoin to someone which is a bad idea for a bitcoin user like me.
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