Topic: Grandma tell you to keep old coin in piggy bank - page 2. (Read 1064 times)
The analogy was quite off. For one, you're comparing antiqueness to Bitcoin, whereas Bitcoin cannot be antique. Oldness of coins are what makes them special, because they have one quality, being rare. Bitcoin, with the same idea, would be rare or hard to get, simply by demand of people to it. Though this crosses the border between an asset and a currency, which the latter is the main objective of Bitcoin, not a collectible.
Well i will definitely tell them to keep those coins that they have now because of the chance that it's value will increase but of course you should store it in your own wallet or hard wallet and not in banks because of the risks it has but it only goes to cryptocurrency but when we talk about physical money or coin then you should keep it because it will be a rare thing in the future and some people are obssessed with it and will definitely buy it in a high value.
In the bitcoin once you keep it to the wallet your money will increase the value for sure but once you keep your coin in the pigfy bank like what your grandma said it will not increased it unless the coin is hundred years or thousands years old so just tell your grandma why she did not keep coin before so they will give and the value will rise after few century because once you keep the coin today the value will rise only after few centuries and you die that day for sure.
Brruuuh, I don’t really get what you’re saying here 
. Lol, if you’re saving a coin in your piggy bank and you’re saving for so many years, let’s say twenty to thirty, it’s definitely going to rust before you know what’s happening.
So, I guess this is just a quote. I wouldn’t tell my children to be saving money in piggy banks, there are lots of ways they can save value and also make interest. I will advise them to save their money and invest it. I will make them understand everything about investment and how it works, and the risks that are involved in it. They can invest in things like Bitcoin and Gold, and other assets and even bonds.
. Lol, if you’re saving a coin in your piggy bank and you’re saving for so many years, let’s say twenty to thirty, it’s definitely going to rust before you know what’s happening.So, I guess this is just a quote. I wouldn’t tell my children to be saving money in piggy banks, there are lots of ways they can save value and also make interest. I will advise them to save their money and invest it. I will make them understand everything about investment and how it works, and the risks that are involved in it. They can invest in things like Bitcoin and Gold, and other assets and even bonds.
Nope, our grandma tell thats thing because the old coin during she was child is cheap and now its expensive.
This is because in 1900-1950 the coin are limited production. The value of that coins will raise up so its make the price is expensive.
And also, the money collector can make the demand of limited coins raise up.
You can hold that old coins to make the high values in future, but you must holding until you become grandfather or the next generation until money collector want to search that coins.
This is because in 1900-1950 the coin are limited production. The value of that coins will raise up so its make the price is expensive.
And also, the money collector can make the demand of limited coins raise up.
You can hold that old coins to make the high values in future, but you must holding until you become grandfather or the next generation until money collector want to search that coins.
This is correct, but let me add few things about this explanation of yours.
This is a great analogy but let me state this fact literally. It is true that old coins value more right now than before (in your grandma's era) but not all of the coins you will put in a box will going to have a big value in time, no, only few of them will, because people will find something unique about it and they will put a huge price on it.
And let's go back to cryptocurrency, I agree that bitcoin will have greater value in the near future than altcoin, because obviously, it is their origin, if there is no bitcoin, there would be no shitcoins and other altcoins in the market right now.
*skip*
Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.
Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.
Guts? A few of us are hodling for several years already, some for 10 years. And it is pretty easy to calculate the gains in dollar value while holding it. Give it time, we are still in the growing process of a new monetary system. We're not yet at the S-curve adoption, but not that far away. I expect one more crazy bull until Bitcoin is tamed and well honored amongst the other financial classes and assets.
There is no need to keep shitcoins. Except they aren’t really shitcoins.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.
I suppose it could also mean a calculated risk with nothing to lose because if the trash useless coins have been purchased and a loss has been made there should be no harm in storing them just in case they might go up in value over a period of a couple of decades.
It is probably a matter of either seeing the glass half full or half empty - each to their own I guess.
There is no need to keep shitcoins. Except they aren’t really shitcoins.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.
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
You may have a point, it depends on someone's perception but of course, the majority will side with banks. Its norm since then and bitcoin is breaking this standard. Our parents, grandparents or the older generations have little to no idea about this cryptocurrency. They grow with saving is through piggy bank, though it is a good idea to teach saving in younger years, today is different.
*skip*
Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.
Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.
Guts? A few of us are hodling for several years already, some for 10 years. And it is pretty easy to calculate the gains in dollar value while holding it. Give it time, we are still in the growing process of a new monetary system. We're not yet at the S-curve adoption, but not that far away. I expect one more crazy bull until Bitcoin is tamed and well honored amongst the other financial classes and assets.
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!”
Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.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!”
Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.
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!”
Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.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!”
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!”
Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back. 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!”
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!”
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!”
Yes there have been some coins that have become valuable and would still be valuable in the near future but at the same time there are some shit coins that would never become valuable no matter how its being pushed or promoted. However, its all about risk because one limited factor to human is the inability to see the future and that is a fundamental thing that cause error in judgement and there is nothing anyone can do about it.
Of course, normal comments would say, having your own wallet and bank would provide us with more profits, but is wasn't enough, we need to have very secured wallets such ad those that are hiding private keys such as hardwares to make sure we can have our money for a very long time.
Isn't that the same as a piggy bank is the most popular storage in the past I like to call it an "iron piggy bank" which we can't take as easily as touch for a wallet in a my pants ,now the era of increasingly sophisticated bitcoin can be stored in a wallet and keep the key in a book or other hardware It's very safe and I think it's like the similarities between piggy bank too different times the situation is also not the same we have to be more modernization in respect the words of the grandma
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
I never got upset about the coins that didn't yielded me profit neither, surely I had some of them that made me enough money that the risk of going in always paid off when eve 1 out of 10 coins that I invested became very good means that other 9 are paid for, any ratio that is better I am making a killing out of this. Remember those good old ICO times?
I have invested into hundreds of coins back in the day, most of which do not worth anything but here and there I invested into stuff like IOTA that made me so much money that I don't care about all other coins I have.
Also, I agree that having a lot of coins on your wallet feels very nice, normally nothing happens but once a year one of them makes a comeback and goes up super high so you end up selling them and make a small profit or at least less loss from them and that feels like finding some money in the coat you forgot last year and wore this year and that couple bucks you find there makes you happy like it is free money.
I have invested into hundreds of coins back in the day, most of which do not worth anything but here and there I invested into stuff like IOTA that made me so much money that I don't care about all other coins I have.
Also, I agree that having a lot of coins on your wallet feels very nice, normally nothing happens but once a year one of them makes a comeback and goes up super high so you end up selling them and make a small profit or at least less loss from them and that feels like finding some money in the coat you forgot last year and wore this year and that couple bucks you find there makes you happy like it is free money.
not that easy guys. The coin your grandmother says has physical form. and has artistic value from the display. also has the characteristics of a government ... many collectors for coins. but bitcoin functions differently. yes in argument, it is the same. if one day still survive. then bitcoin will have a high value because it is rare. however, if bitcoin has no other function, and only displays numbers. I do not guarantee. when bitcoin loses value. they will remain in the collection by the collectors.
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!”
How can shitcoin grow value? Centuries will pass but Shit will always be shit. It will not grow in value.
I will not tell this advice to my kids or grandkids. That is not the right way to grow your money whether it is fiat or bitcoin. It is better to invest and reinvest. Make your money work for you, not let them sleep in a piggy bank and expect them to multiply in value.
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