Grandma tell you to keep old coin in piggy bank

Oilacris

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Quote from: TIDOVEE on January 10, 2020, 03:11:40 PM

There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

Not really that even close with BTC possible profit in short time no matter how good the offer or interest rates of banks.
Heres an example and little bit outdated on how much banks can offer and these are the top ones.
https://www.reinisfischer.com/highest-deposit-rates-world-country-2018

mersal

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

First of all form of storage matters how much it will get value in future,if you buy bods worth of value and keep them for longer time it will go higher but if we keep the fiat money in banks or in our personal storage it is going to lose its value due to inflation.

But crypto currencies are something different since it has limited supply and it is not possible to alter the value of total quantity so chances of value will be higher when we keep them.

Webetcoins

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Quote from: TheCoinGrabber on January 10, 2020, 09:35:44 AM

Quote from: cengat on January 09, 2020, 05:26:48 AM

Quote from: TheCoinGrabber on January 09, 2020, 03:41:22 AM

Quote from: Broly46 on January 04, 2020, 09:44:33 AM

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Why would you keep your bitcoins and shitcoins in banks (or even keep shitcoins at all)?

I'm assuming that if banks offer to hold our cryptos for us, it will be the same set-up as we currently have with fiat. We deposit our money, they lend it out, pay us minuscule interest and then deduct the holding fee. In the end we don't earn much really. If that was the case might as well just send those bitcoins into an exchange and use it for trading, keeping some amount totally untouched for security.

Exactly. People lend to bank their funds because they're afraid to lose money most of the time.
However any bank can become bankrupt any moment if the country is in bad situation.
It is always safer to invest in good projects // huge companies

Even without the bank going bankrupt, anything saved in there is losing value. The only money we should store in the bank is fiat and mostly out of necessity and never above the amount insured.

Banks are not paying good interest over the capital you keep under their supervision. At times governments stop you even from withdrawing your own money and that really feels awful. I will recommend same for banks. Only keep an amount that is easy to withdraw and don’t trust banks with your all money. Keep some at home as well. I prefer keeping jewelry at home rather than in banks.

Btc_1856

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Quote from: monineklutak on January 11, 2020, 07:28:51 AM

Quote from: awik p on January 11, 2020, 02:24:19 AM

Quote from: TIDOVEE on January 10, 2020, 03:11:40 PM

There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

right, saving will be better than spree spree without any benefits. increasingly advanced era, many people understand inflation, maybe because in the past inflation was not as big as now, so saving money in the bank will make a prosperous family economy, but now saving money with investment will be more profitable to overcome inflation

leaving some money to save at home is a good way,
but even better if you buy assets such as gold or a house, or maybe bitcoin

Yes, it is always good to save some foods and it will surely help us to in our future activity in that, Bitcoin is one of the best options for holding them in the long term. If we compare with the past, the price of Bitcoin is giving good profits to people who believed in Bitcoin.

monineklutak

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Quote from: awik p on January 11, 2020, 02:24:19 AM

Quote from: TIDOVEE on January 10, 2020, 03:11:40 PM

There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

right, saving will be better than spree spree without any benefits. increasingly advanced era, many people understand inflation, maybe because in the past inflation was not as big as now, so saving money in the bank will make a prosperous family economy, but now saving money with investment will be more profitable to overcome inflation

leaving some money to save at home is a good way,
but even better if you buy assets such as gold or a house, or maybe bitcoin

maye5104

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I can't trust any custodian bank service. I know it may be silly. But there are a plenty of crypto wallets, I can buy even a cold wallet. So why do you need a bank?

awik p

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Quote from: TIDOVEE on January 10, 2020, 03:11:40 PM

There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

right, saving will be better than spree spree without any benefits. increasingly advanced era, many people understand inflation, maybe because in the past inflation was not as big as now, so saving money in the bank will make a prosperous family economy, but now saving money with investment will be more profitable to overcome inflation

HarmonyA

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

The world has gone soar, this advice rarely comes to fruition in this generation. If you apply the aforementioned principle in this day cryptocurrency business, you do loose everything when the whales pull out.

TIDOVEE

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There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

Lanatsa

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Quote from: zeingrind777 on January 10, 2020, 11:34:08 AM

I'm not sure bitcoin in the future will remain as popular in the future as it is today. Keep it continuously until old will make us bored. it is better to buy land and rent it out to someone else than to save old coins which may not be of high value in the future.

Nothing is certain when in talks with future and you decide if you do have this thing on mind then its your choice because having a physical business
is much more better specially when you do lease or rent out some property.So to be wise then its better to diversify anything as long you can able to.
Just think off on how you would utilize your funds for the future.There might be failures but the most important thing that you do still have options
to make money.Nothing is assured as i say.

zeingrind777

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

I'm not sure bitcoin in the future will remain as popular in the future as it is today. Keep it continuously until old will make us bored. it is better to buy land and rent it out to someone else than to save old coins which may not be of high value in the future.

romero121

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Very few coins that are described to be shitcoins have grown high over the years while majority of the coins go downwards close zero. In the early days people prefer to save what they earn out of the routine job. Now people have begun to give importance for investment than saving.

By now we can have the comparison between holding on a custodian banking service and on our own wallet. Here people who doesn't want to take risk find banking service to be worth it while the one who prefer risking and look for higher profiting go for holding on own wallet.

TheCoinGrabber

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Quote from: cengat on January 09, 2020, 05:26:48 AM

Quote from: TheCoinGrabber on January 09, 2020, 03:41:22 AM

Quote from: Broly46 on January 04, 2020, 09:44:33 AM

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Why would you keep your bitcoins and shitcoins in banks (or even keep shitcoins at all)?

I'm assuming that if banks offer to hold our cryptos for us, it will be the same set-up as we currently have with fiat. We deposit our money, they lend it out, pay us minuscule interest and then deduct the holding fee. In the end we don't earn much really. If that was the case might as well just send those bitcoins into an exchange and use it for trading, keeping some amount totally untouched for security.

Exactly. People lend to bank their funds because they're afraid to lose money most of the time.
However any bank can become bankrupt any moment if the country is in bad situation.
It is always safer to invest in good projects // huge companies

Even without the bank going bankrupt, anything saved in there is losing value. The only money we should store in the bank is fiat and mostly out of necessity and never above the amount insured.

cengat

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Quote from: TheCoinGrabber on January 09, 2020, 03:41:22 AM

Quote from: Broly46 on January 04, 2020, 09:44:33 AM

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Why would you keep your bitcoins and shitcoins in banks (or even keep shitcoins at all)?

I'm assuming that if banks offer to hold our cryptos for us, it will be the same set-up as we currently have with fiat. We deposit our money, they lend it out, pay us minuscule interest and then deduct the holding fee. In the end we don't earn much really. If that was the case might as well just send those bitcoins into an exchange and use it for trading, keeping some amount totally untouched for security.

Exactly. People lend to bank their funds because they're afraid to lose money most of the time.
However any bank can become bankrupt any moment if the country is in bad situation.
It is always safer to invest in good projects // huge companies

TheCoinGrabber

sr. member

Activity: 994

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Why would you keep your bitcoins and shitcoins in banks (or even keep shitcoins at all)?

I'm assuming that if banks offer to hold our cryptos for us, it will be the same set-up as we currently have with fiat. We deposit our money, they lend it out, pay us minuscule interest and then deduct the holding fee. In the end we don't earn much really. If that was the case might as well just send those bitcoins into an exchange and use it for trading, keeping some amount totally untouched for security.

Boov

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Quote from: keeee on January 08, 2020, 09:24:06 AM

Quote from: bering on January 06, 2020, 02:45:13 AM

Luckly i still have my grandma piggy bank which is i never opened it and i'm sure inside there i will found old coins which the collectors looking for it however we might be will says saving privately bitcoin into our wallet is good idea because we have fully control to access it but those who don't believe bitcoin will says saving their money into banks will ensure their investment are safe even for more years so i think all of it depend from which side people will see it

Really? I think that was huge amount now if you continue filling it up with your money. To be honest having a piggy bank is very helpful especially in times of need. You can also used it to get what you want but first of all you need how to save and budget your money a day.

It was really a great idea for saving money because you will regret if you destroy your piggy bank at a wrong time. But for me its not about using piggy bank it is all about how you manage and spend your money into a dmart way.

keeee

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Quote from: bering on January 06, 2020, 02:45:13 AM

Luckly i still have my grandma piggy bank which is i never opened it and i'm sure inside there i will found old coins which the collectors looking for it however we might be will says saving privately bitcoin into our wallet is good idea because we have fully control to access it but those who don't believe bitcoin will says saving their money into banks will ensure their investment are safe even for more years so i think all of it depend from which side people will see it

Really? I think that was huge amount now if you continue filling it up with your money. To be honest having a piggy bank is very helpful especially in times of need. You can also used it to get what you want but first of all you need how to save and budget your money a day.

fortunecrypto

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Shitcoins?! no never I am not going to buy and HODL shitcoins I'm actually trying these shitcoins in my wallet, and trying not to participate in airdrops and bounty campaigns for projects that I think will turn out to be shitcoins, these are a waste of time trying to work, invest and HODL these shitcoins, sometimes it's not good to listen to your grandma if he does not know what shitcoin is.

SquallLeonhart

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It is not the same as putting money in a piggy bank, in the world of fiat if you put money into your bank account for a long time and save, you may get a bit of savings account but the value of your money also drops as well, in bitcoin its a currency that will get rarer and rarer with time so you are both gaining money while saving plus the money you saved also getting some more value as well.

I know that bitcoin price hasn't gone up in a minute now and everyone is still pouting over that $20k times and how we are not there yet but in the end we all know that bitcoin will go up in the long run so saving bitcoin is much much better than saving fiat at this point in time. However, there is a time when selling bitcoin will make sense as well, anything over $20k and I am sure most of us will sell as well.

bobitza

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Quote from: Broly46 on January 04, 2020, 09:44:33 AM

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Put money in piggy bank to save. This reminds me of my childhood memories. Now it's time to put money into the piggy bank. This does not help you to make a profit, you put money into the pig, even though 1 day, 1 week, 1 month, 1 year or 20 years still have no value increase or decrease. If you put money in a bank, it will increase over time.

Topic: Grandma tell you to keep old coin in piggy bank (Read 1064 times)