Topic: If BTC is not the best way to save money, What you think is the best ? - page 3. (Read 1534 times)

I don't think that putting your money in bitcoin is called saving money. Bitcoin has high volatility which is not good to save your money in it. Traditional asset is still the best place to save your money like real estate, land and that sort of things.

A bit astounded that the question of if BTC is a good way to save money... for our kids, no less, would even be asked. I think the obvious answer is no, although if you want to put a little bit in it for long-term speculation, I guess that would be alright.

Ok, non-fiat "alternatives" to saving aside from Bitcoin. Actually, it is a good point to leave out fiat, because although you can set fiat money aside and save it (and probably should to some degree), if you're looking at the long-term, inflation is probably going to eat away at your savings. Probably one of the best alternatives would be gold and silver, stashed/hidden away in a safe place. Reason being is that they tend to retain their value and are relatively stable... even gaining value in hard or uncertain economic times, plus some have said that their prices are being artificially suppressed. Other metals may also be good, but gold and silver probably the top two metals. You can get bullion rounds, coins, and bars in larger or smaller sizes, and can have them shipped to you (with insurance, probably best option) or have them stored in a third party vault... if you want to.

The next best thing that's affordable for most (again, non-fiat), is likely stocks with dividends or ones with an expected long-term growth. And more, but that's a whole different world in of itself, with lots of different options available.

If you can afford it, and are willing to learn the know-how and put in the time, things like real-estate, big time investments like oil wells, water, food, etc, can be good (but can also hurt more if you do it wrong. If done right, use the profits as you will. Starting a business also good, and also bigger potential for failure, but the potential for long-term income is a risk worth taking for many. Those are really the best options, but only for those who are really ready to get into it, learn, make mistakes, etc. Metals and stocks for short to long-term, entrepreneurship, real-estate, and larger investments for long-term. If you'd like to get into the latter, might I suggest listening to guys like Robert Kiyosaki, or Josh Tolley.

Hope that helps,
The DinarDirham team.

Lol, bitcoin was never a good way to save money, to save you need stability, and a little growth, for that there are savings accounts, bitcoin was simply made to make transactions and people now given then a different use, it is always better to buy something of value that you are sure will cost more in the future.

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.

Invest into property 

If bitcoin is not a good investment, then switch to investing in real estate or the business world that has better and more promising prospects.
Today many small things can produce many things and benefits.

What you said make sense but you seems to forget that there is some economic break down going on this days and the most previous thing about bitcoin is that if ones can wait such investors will get back his investment along with profit. However, we have stable coins in the market which are the best way of keeping ones investment/profit intact and I believe ones can use this as a means of saving money.

At the moment, the best way to save your money is not to invest it in cryptocurrency. Keep your money in precious metals, real estate, invest in business. Now the market situation is unstable.

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.

Even in Stocks also the prices goes down, their are even crash in Stock market also, as you can know last so many times stock market also got crashed and lot of stock holders money went zero. But in bitcoin if you hold for long you can surely get your price and even profit also. That is why investing and saving in bitcoin is good way of earning profit.

how to save everyone's money differently, saving using bitcoin in my opinion has a high risk of losing a lot of money that you save, like the current example of bitcoin prices going down very deep, I prefer to save money in stocks and gold.

          Bitcoin is indeed a big competition for banks. That's why many states banned bitcoin transactions, so banks would not be endangered. You can keep money by buying Bitcoin, but you do not have to panic if the price drops or if profit does not come immediately. The investment in Bitcoin is a long-term and long-term investment.

Saving in bitcoin is good but when this type of present situation we have now comes up it will become calamitous and days filled with sorrow. It is not a good financial advice to put all your eggs in one basket hence you can save most with bitcoin and some with stocks and some other investment portfolio like forest managed account.

Actually i have alotted some cryptocurrency for my only child,ofcourse some volume of bitcoin contains this as i believe that cryptocurrency specially bitcoin is the greatest way people has created to save money that may has a chance to bring profit also.meaning multi chance of saving and gaining is indeed

For saving money, I think that you should consider XRP. As i already knew, XRP is supported by bank, it will be more stable for you.

if you have an investment plan for our children, it's better in gold or home because house prices and gold are more stable, indeed bitcoin is a good long-term investment place, but the price of bitcoin is very volatile and can go up and down anytime, and we don't know what the future of Bitcoin is like ...

I still stand for the first thread that bitcoin is the best way to save our money,because we are not talking today and tomorrow instead this is for the future thats why with this patience and trust is all we need to have for a successful mony saving.and not only saving but gaining good amount also if we consistently have this attitude and behavior.so for those who says bitcoin is not good way for saving money,lets find out when time comes that'll of this becomes reality

i think gold. Until now, gold has always been seen as a truly excellent investment. even if measured from the past until now, the price always increases. it makes it a pretty good object to make an investment tool.

if you want something to save money, i suggest gold. It is more stable and has good value to store.