If BTC is not the best way to save money, What you think is the best ? - page 2.

sikkan

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Quote from: jcarlo on November 23, 2018, 09:24:03 PM

If we planning invest for our kids, bitcoin is good saving. But we should diversify our investment in several instrument and i think gold and property is good option to invest because its already known as good investment

Even for the strong supporters of BTC would be reasonable to diversify their investments. Absolutely good remark.

sikkan

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Quote from: AshleyFurious on November 26, 2018, 10:11:47 AM

All assets go down from time to time, so btc isn't different in this sense. I think that btc is a great saving for our kids and future.

In future - yes, but not now. BTC is a relatively new currency that has been conquering its place in people minds.

amonymous

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I think say in my opinion Bitcoin is the good save our money in the Cryptocurrency market.

I have to explain it ' basically if you don't like this to save your money bitcoin wallet then you can use bank statement in your country I think it was the another way.but have few bad think crypto was always unstable market so your money will be increased/decrease anything and any moment.so keep target your mind what section you will need choice.

sikkan

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Quote from: Bitcoin_Arena on November 22, 2018, 04:43:04 PM

Lets not confuse anything here
There is a difference between saving and trying to make money grow or increase in value (Investing)
To my understanding saving basically means storing or periodically depositing your money somewhere for a certain purpose... in these case you don't really expect it to increase by itself except through you effort by continuously depositing more.

Investing involves risking in order to make a quick profit or long term profit... but there is always a risk, you could loose out... This is where bitcoin or any other crypto or stock comes in. Here you expect the market to either go bullish or bearish.

So if he wants to save, Get a bank or any other way but not through fluctuating markets or else will be very disappointed.

Yeah, to save means to put in safe place and forget it for a while. Right now BTC is not the means to safe money only to invest.

bajingluncat

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maybe the context of your sentence is not right so many people misinterpret it, true the existence of bitcoin is not a tool to save money, because bitcoin is an investment asset, where there your money will develop or disappear, two things that are difficult to predict, according to my thinking the meaning of the word frugality requires a definite count, if your goal is to save money for the future, then put your money in an investment that has minimal risk or real assets, but if your intention is to invest, put your money in bitcoin,

maksimukr1989

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Quote from: timotron on November 22, 2018, 03:23:25 PM

This post is based on the replies to my other post Its Bitcoin a good way to save money for our kids?

Lots of people say BTC is not a good way to save money, so what is for you a better option??

I want to know the best ways you see to save money for kids and WHY. Please don't add fiat...

Unfortunately, for reliable saving of money for children just will approach fiat money.If I debugged money in crypto it would most likely be bitcoin.With such a drop in the market does not really want to be left without anything.Therefore, I believe that 100% trust of crypto is unreasonable

bloodyvio

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Quote from: timotron on November 22, 2018, 03:23:25 PM

This post is based on the replies to my other post Its Bitcoin a good way to save money for our kids?

Lots of people say BTC is not a good way to save money, so what is for you a better option??

I want to know the best ways you see to save money for kids and WHY. Please don't add fiat...

i think property and land
every time the value of money will decrease
on the other hand property and land prices are increasingly expensive at any time
so yeah i guess property and land are the best way to save money

Valer4ik

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And those who buy should buy this cue ball somewhere ... No, there are no such stocks in serious guys selling oil.

It’s just that everyone was waiting for such a drawdown and merged happily at the first breath. Classic.

carlisle1

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Quote from: timotron on November 22, 2018, 03:23:25 PM

This post is based on the replies to my other post Its Bitcoin a good way to save money for our kids?

Lots of people say BTC is not a good way to save money, so what is for you a better option??

I want to know the best ways you see to save money for kids and WHY. Please don't add fiat...

well I also realized that having your money in bitcoin is not actually a good idea for saving money due to the rapid changes to its price and we could be exposed to a huge financial losses in a particular event just like the current market situation. I think you can stay on that setup but you should be tight at monitoring the market movements and convert your bitcoin to a stable coin for a while and go back to bitcoin once you think it is at a good status.

marcbitcoins

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Quote from: timotron on November 22, 2018, 03:23:25 PM

This post is based on the replies to my other post Its Bitcoin a good way to save money for our kids?

Lots of people say BTC is not a good way to save money, so what is for you a better option??

I want to know the best ways you see to save money for kids and WHY. Please don't add fiat...

Other than saving some money in the banks for your children then why not establish your own businesses like focus on entrepreneurship about some stores , shops and stocks investments using the profit that you have earned in your Bitcoin assets. You may also buy some properties like house and lot for them as these assets is becoming more expensive when the time passes by.

lyks15

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All we know that saving money is very hard. I think bitcoin is the way to save money because while you are saving your money,you already investing your money to make it multiply. But when we talk other way to save money I think for me it ia gold. Because it is multi purpose. When you save money using gold you can use your gold jewelry in every occassions that you will go and while using it,gold's valye did not depreciate but it's value will continue to grow. If you were going to save lot of money the best way is to buy real state as a savings because it is better than gold that every year it's value will invrease and there is risk to commit any loss.

Legolass

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Quote from: a4techer on November 27, 2018, 07:23:59 PM

Where do you think to save money? In banks? I think it much more profitable or earn to save money in bitcoin that banks because you are earning in banks just a little bit not like in bitcoin if you have a patient to hold and if you can take a risk you can earn by holding or saving money using bitcoin so that I must prefer to invest my money in bitcoin than banks.

We can save money in bank but the profits we can get is very low. If you want more profit, let's think about bitcoin. More profits, more risk.

TheKeyLongThumbI

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Btc is still everyone's best bet to save money for the future generations of your family. Do remember that VR, AI and Crypto are all going to boom and the trend of the future. All I can say is that people are still overwhelmed with these changes and it will take another decade before they get used to it.

jakezyrus

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Quote from: a4techer on November 27, 2018, 07:23:59 PM

Where do you think to save money? In banks? I think it much more profitable or earn to save money in bitcoin that banks because you are earning in banks just a little bit not like in bitcoin if you have a patient to hold and if you can take a risk you can earn by holding or saving money using bitcoin so that I must prefer to invest my money in bitcoin than banks.

You only think about the profit but you dont think about the risk . yes you can earn alot of profit in bitcoin but do you think you can earn all the time ? No mate . your invested capital could also go down sometimes due to the effects of volatility and do you think that is called saving ?

A real saving is that you kept your money in a stable condition when it does not decrease but it is only increasing as soon as you put another amount on your purse or bank/piggy bank

a4techer

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Where do you think to save money? In banks? I think it much more profitable or earn to save money in bitcoin that banks because you are earning in banks just a little bit not like in bitcoin if you have a patient to hold and if you can take a risk you can earn by holding or saving money using bitcoin so that I must prefer to invest my money in bitcoin than banks.

bitbollo

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my question is:
We are really sure BTC is not the best way to save money?

Ok.
If we look 2018 charts there is the picture of a really disaster

. but...
Historically after each "death" btc have always gained a better value (in long term 3-4 years after a crash) within a relative stable period.
(just as example VIX index and btc on July 2018 https://www.forbes.com/sites/naeemaslam/2018/07/17/bitcoins-roadway-back-to-7k/#59b6aaf44977 ).

There is something better for saving money then a disruptive technology (limited to only 21million of coins/units) with the potential to be a truly revolution on long terms?

sunsilk

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Quote from: Cryptrx on November 27, 2018, 06:34:11 PM

I think the best way to save money for kids will be investing in tangible assets like real estate. You're certain of profit unlike investing the money into unpredictable digital assets.

It's a good inheritance for them, just like what my parents did to me. They opened me with some real estate and they are teaching me that real estate assets are like gold.

BTC is also okay to save money, if you ever heard of a family that sold most of their assets and invested to bitcoin? this family made that much during the all time high and they sold their home for bitcoin when it was $1,000 and they never wrong to it. Although it takes courage before getting high reward.

Cryptrx

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I think the best way to save money for kids will be investing in tangible assets like real estate. You're certain of profit unlike investing the money into unpredictable digital assets.

Naughty Princess

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Quote from: kamBlanV on November 22, 2018, 06:33:26 PM

investing or saving in bitcoin is a good way to save money, if we save large amounts of money in the bank, then your money will be exhausted by administrative fees every month, but if you save your money on BTC, it will follow volatility. and you must know, that BTC volatility will always be an uptrend.

It is good to invest with bitcoin for kids but save it separately because it risky in crypto. I suggest to used it as capital and save the profit you've get because it is long time before your kid gonna need that so make it earn for the moment. Though bitcoin is very volatile, that volatility gives lot of chances that you could gain and buy more.

Pattart

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Quote from: PeRo on November 26, 2018, 05:47:24 PM

Maybe it would be a nice to save Bitcoins and pass it to your kids, it would be a nice way for them to inherit the passion for Bitcoin but it might not be the best way, because who knows how much will that be worth. Bitcoin is mainly the best for investing but saving it isn't very safe.

because that risk makes depositing money in bitcoin unsafe, and because of that it should not put all your wealth in bitcoin mate.
for other options other than bitcoin that are much safer, of course on gold and real estate, the price is stable and there will be no inflation in gold. while real estate price growth is very fast rising..

Topic: If BTC is not the best way to save money, What you think is the best ? - page 2. (Read 1534 times)