Bitcoin savings account? - page 6. | Bitcointalksearch.org

joebrook

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Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Isn't saving the bitcoins in the wallet make it seems like a saving account, it sure does for me because i have interests that no banks will ever give me even if it was investment.

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Quote from: Netnox on June 26, 2017, 02:36:42 AM

Quote from: satoshforever on June 25, 2017, 10:58:06 PM

You mean a way to get interest on your Bitcoin?

That's not going to happen, I am afraid. Bitcoin is a currency, which is protected from inflation (due to the principle of controlled supply). We get interest on the other currencies, because they are not protected against inflation and their purchasing power goes down with time. But the purchasing power of Bitcoin is constant. So I don't think that anyone will offer interest for Bitcoin deposits

You are not quite correct

Exchanges that offer margin trading allow users to borrow and, consequently, lend out bitcoins (as well as other coins and fiat). This is safe as long as the exchange itself doesn't scam or get hacked terribly. I don't know about Bitcoin interests specifically, but on fiat deposits you can accrue pretty decent interest (a lot higher than in banks). Aside from that, I can't possibly say that Bitcoin itself is protected from inflation in any degree. Its price has been rising for the last two years but it is nowhere near guaranteed and thus cannot be considered as protection. It could just as easily start falling tomorrow

soul-impact

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No, I think there are not any sites that save bitcoin for you, they are not reputable, you can easily be scam. They are collectively referred to as HYIP. Here, people send their money to a secret person and expect great profits every day, however, most such sites last only a few days, then they deceive everyone. However, with huge profits, many continue to pursue it and become poor.

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Except feebitco.in I don't know any other place where you can get interest just from keeping money on that place, and to be honest how much trust we can have in any service that offer's something like this?
Its better to buy a trading bit if you have enough money and just let it work and you will have profit every week, month, depends what is your goal, in any case trading bot or maybe even investing in casino bankroll sounds good, that is much safer in my opinion then giving bitcoins to someone in keeping.

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Quote from: AicecreaME on June 26, 2017, 04:06:17 AM

Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Just keep on saving your bitcoin in your wallet and then you could make enough profits every time that bitcoin price would PUMP, and not just profits, but bigger profits more than you could ever imagine. Investing your money into bitcoin if you don't know how to earn bitcoin is a great idea too, because they have the same benefits on you.

that can't help having more Bitcoin but just more value out of coin you are holding which is not what the thread starter is asking

from my understanding the OP want to earn interest on his savings

unfortunately besides lending money there is nothing you can do to earn passive interests on your Bitcoin

unless you check some good pos coin with high return per year like 100%

romero121

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Recently saw an advertisement in which a bank is operating same as our regular banking but the money used is bitcoin. They've been providing saving account and interest for what we've placed into the account. In reality I don't think this is necessary, because we already have our own wallet and importantly these banks after being successful will start imposing unwanted charges. So what they pay as interest will be taken back.

brobbel

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The interest on exchanges can be quite good.

For example: on Poloniex you can lend your bitcoins to the margin traders (they need enough altcoins for colleteral; in case of high losses Poloniex does a forced liquidation, so the risks for lenders are quite acceptable, in my opinion).

The rates are even more volatile as bitcoin price, at this time around 0.1% per day (!). Yes, that's 36.5% per year. And the average rate in the last months was above 0.15% per day.

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Quote from: AicecreaME on June 26, 2017, 04:06:17 AM

Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Just keep on saving your bitcoin in your wallet and then you could make enough profits every time that bitcoin price would PUMP, and not just profits, but bigger profits more than you could ever imagine. Investing your money into bitcoin if you don't know how to earn bitcoin is a great idea too, because they have the same benefits on you.

That's the only best and safest way to make more out of your bitcoins. The sites paying you interest on your bitcoins even if they are not scam and trusted ones pay you such a small amount of interest that it wouldn't earn you much and you will keep your money blocked unnecessarily. So just keep them with you in your bitcoin wallet or if you're good at trading you can invest some amount of your bitcoin in trading too and make good money.

Proton2233

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Quote from: freebutcaged on June 26, 2017, 01:50:04 AM

Quote from: foxbat on June 25, 2017, 11:50:51 PM

Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Are you looking for a lucrative project? I think you are looking for something that is not good for bitcoin, the path you are aiming for is HYIP, where everyone gives away their money in the hope of getting a profit, but vice versa, they are scam. Instead of looking for it, you should use your money to invest, the investment will be profitable for you.

What is your point you spammer? use your money to invest, investment would be profitable for you? which and where? just tell me should he stop

Looking for it or keeps looking to find a good investment? fucked up spammer.

Quote

Yes, there is this feature on FreeBitco.in. The site is working since 2013, very good site (faucet, Dice game, rewards and now investment).

They pay 0.01% interest daily, 4.08% annualy interest. Balances over 30.000 satoshis are credited every day in random hours.

Isn't %4.08 annually very much stupid and low? fuck mate if I were to give my money to a bank locally I'd received %18 annually, this is just lame.

There is no guarantee whatsoever to secure our coins correct?

Of course banks in third countries to pay such high interest rates, but you forget about inflation. All your interest is eaten up by inflation. Bitcoin shows continued deflation and it attracts people. For the year deflation of bitcoin can be 100% or more, and of 4.08% is just a nice bonus. But to entrust their deposits to sites is even more risky than to trust the banks.

Juggy777

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Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

I don't think there is but there is yet a way you can earn interest, however I would like to clarify that I have not used it, nor do I know anyone who has, but the site is trusted so I am suggesting. The site is called freebitco.in, you need to register there and deposit your Bitcoins there, and they pay a interest to you. You will find all the details on the site, however don't go for the bonus, or lottery tickets. Just use it as a wallet and get interest 4.08% yearly interest.

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Quote from: AmeSakibimasu on June 26, 2017, 04:29:47 AM

i think there's no such thing but maybe there are going to have some in the near future because bitcoin demand is getting higher and higher everyday and the population of the bitcoin user is increasing too the only thing that we can do now is to keep on earning and saving are bitcoin in our web wallets in that way we could have points savings because of the profits that theyre going to make if we are going to hold it and wait for the right time.

But the sad truth is we cannot trust easily on who will be the maker of bitcoin savings institution since there's so many scam and might we will gonna fall for that thing aswell a I think im already settled with my wallet since it can make me feel at ease upon using instantly and if people would choose to store their coins I think the best thing they can do is to buy their very own hardware wallet so that they can handle the funds for theirselves.

AmeSakibimasu

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i think there's no such thing but maybe there are going to have some in the near future because bitcoin demand is getting higher and higher everyday and the population of the bitcoin user is increasing too the only thing that we can do now is to keep on earning and saving are bitcoin in our web wallets in that way we could have points savings because of the profits that theyre going to make if we are going to hold it and wait for the right time.

AicecreaME

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Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Just keep on saving your bitcoin in your wallet and then you could make enough profits every time that bitcoin price would PUMP, and not just profits, but bigger profits more than you could ever imagine. Investing your money into bitcoin if you don't know how to earn bitcoin is a great idea too, because they have the same benefits on you.

krishnapramod

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Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

There are already a couple of websites that you can use to earn daily interest on your bitcoin savings, Bsave and Magnr. Bsave has tie up with Coinbase so the daily interest is automatically credited to the users Coinbase wallet. But the problem is these sites does not offer more than 3% APR, 0.0082% daily interest.

Another option would be investing in P2P lending platforms, right now Bitbond is the best, better than BTCJam, the quality of loans is good so if you invest in right loans you can get up to 25% in interest p.a.

Netnox

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Quote from: satoshforever on June 25, 2017, 10:58:06 PM

You mean a way to get interest on your Bitcoin?

That's not going to happen, I am afraid. Bitcoin is a currency, which is protected from inflation (due to the principle of controlled supply). We get interest on the other currencies, because they are not protected against inflation and their purchasing power goes down with time. But the purchasing power of Bitcoin is constant. So I don't think that anyone will offer interest for Bitcoin deposits.

brobbel

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Quote from: btcney on June 26, 2017, 01:16:57 AM

Poloniex lending used to be good, but now the company is having liquidity issues.

They have scaling issues. They grow too fast and therefor are handling problems/tickets very slow, unfortunately these include some withdrawal issues. But in general it works fine, and liquidity issues I haven't heard of. What is your source?

dryandry

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Quote from: eann014 on June 26, 2017, 02:18:39 AM

You can save your bitcoin to your btc wallet. Just don't withdraw it and I think its just fine. You can save bitcoin while you are also earning.

save it for long term and check after 5-10 years again
you will suprised and ready to harvest the profit Grin

eann014

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You can save your bitcoin to your btc wallet. Just don't withdraw it and I think its just fine. You can save bitcoin while you are also earning.

AlexBessonov

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Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

I actually saw a project on Github that seemed to do something very similar to do this (basically a smart investor for Bitcoin)! I will link it as soon as I can find it...

freebutcaged

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Quote from: foxbat on June 25, 2017, 11:50:51 PM

Quote from: sumit513 on June 25, 2017, 10:56:53 PM

Is there any upcoming project that would act like a bitcoin savings account?

Are you looking for a lucrative project? I think you are looking for something that is not good for bitcoin, the path you are aiming for is HYIP, where everyone gives away their money in the hope of getting a profit, but vice versa, they are scam. Instead of looking for it, you should use your money to invest, the investment will be profitable for you.

What is your point you spammer? use your money to invest, investment would be profitable for you? which and where? just tell me should he stop

Looking for it or keeps looking to find a good investment? fucked up spammer.

Quote

Yes, there is this feature on FreeBitco.in. The site is working since 2013, very good site (faucet, Dice game, rewards and now investment).

They pay 0.01% interest daily, 4.08% annualy interest. Balances over 30.000 satoshis are credited every day in random hours.

Isn't %4.08 annually very much stupid and low? fuck mate if I were to give my money to a bank locally I'd received %18 annually, this is just lame.

There is no guarantee whatsoever to secure our coins correct?

Topic: Bitcoin savings account? - page 6. (Read 4321 times)