Topic: Keeping money and keeping bitcoins? are they similar? - page 9. (Read 2388 times)

I think there is a huge difference between the two of them.
For me when you keep your money (Fiat) it is like saving it, but when you keep your Bitcoin (crypto) it is an investment.
Investment and savings are not the same, investment gives you profit or could lessen your capital if it isn't working well.

But when compared to bitcoin, money is much more stable, inflation causes money to depreciate in the long term, and in the short time, you won't see much volatility. For bitcoin, in the short term very volatile and risky, it can be said that it is not safe if you want to hold bitcoin in the short time, but in the long time, bitcoin is a better choice than fiat. Both are good, both have different use cases, so it's not necessary to distinguish which one to keep but allocate accordingly.

For me there is a big difference between saving fiat money and saving bitcoins. In the past I have been more lose with my crypto currencies and used them regularly for purchases, one of the things that I regret deeply. Today I am much stricter and if I need money for a bigger purchase I would always take it out first from my fiat savings account. Another thing is that I can transfer money out of my savings account very quickly, whereas with bitcoins I would have to go to an exchagre. This extra layer makes it better to save in crypto currencies than in fiat money, and its easy to create different wallets for different purposes, at the bank everything is kept in one account. Then there is the issue of paying taxes on my crypto profits. Every time I would sell bitcoins I would have to realise capital gains and pay taxes on it. In my savings account I can use all my money without worrying about taxes. And then there are the opportunity cost for saving in fiat money, right now inflation is around 10% and the interest being paid from the bank is around 1%. So I am losing 9% value from keeping my money in a saving account. Saving in bitcoins instead gives at least the opportunity to make some of that loss back by rising prices. Any savings account has not the same upside potential as bitcoins.

Both are different one,when you hold the money.It will be remains same for n number of years.Instead you keep in bank,you may get of interest.But to get more money,the only way is to do crypto currency trading.Because trading make you to earn good money than holding as a fiat.Only thing is you need to find the correct crypto currency to inverse your money.Because holding in good crypto currency will helps to get 10x of invested money.When the pump to the longer period,you can easily earn 50x or 100x of invested money in crypto currency.

Unfortunately I cannot agree. Fiat money is not stable! Inflation increases every year and money loses more and more purchasing power over time.
This is the case all over the world and some countries are particularly badly affected. 

Here is a small overview:

Source: https://de.wikipedia.org/wiki/Liste_der_L%C3%A4nder_nach_Inflationsrate

Keeping money is different from keeping bitcoin,money is stable while bitcoin may rise or fall, bitcoin is risky yet profitable if we are lucky holders a big profit is waiting when we are lucky and btc price rise while it is in our hands, it is about how we understand the risk of crypto if we don't want to take risk then holding btc is not advisable by the expert.

At present most Exchanges apply KYC, if it does not apply KYC then it cannot withdraw, and of course this is an easy step to know other Bitcoin or Altcoin owners, and most coins that have high privacy are now abandoned so it is difficult to compete in the market.

Yes, they are both similar because we save money to enable us to embrace the opportunity when the price of Bitcoin is low in the market, which is the best time for traders to buy and hold until the price increase higher before they can release them for sale. we save Bitcoin to enable us to make our bright future a reality, because if you can hold your bitcoins like 3 or 4 years show that when the price increase higher in the market,there is a hope of achieving something special from your long term investments. But investing a huge amount of money on Bitcoin is more favourable to humanity than saving the money in the bank because it will be hard for you to make a good income from the bank.

Almost the same
Tt is very risky to save bitcoin if one day the price goes down, but you can still get profit if the price goes up.

Keep paper money at home, there is a risk of theft and if you save it in a bank, you can deposit and get some benefits.

But if we compare, maybe it will be more risky to save bitcoin

that's true but I have a different view for both, Saving money for something when needed at any time while saving Bitcoin is an investment which of course has a risk of loss or vice versa.
for now holding Bitcoin is very promising with insignificant price movements, in fact lately continuing to have a positive trend is of course very profitable, but we all don't know how and what will happen in the future with Bitcoin.

so I think there is a difference between the two between saving money and saving Bitcoin, even I do or suggest doing both in different portions and capabilities, investing and saving for the future.

I think each orientation is very clear because the purpose of holding Bitcoin is for greater profits in the future and the purpose of saving fiat money is to be better prepared financially when unexpected troubles occur in life. For example, as you mentioned, and I think it is really the right thing to do and there are no significant problems for both of them because they are still in a better scope.

The advantage of bitcoin is its volatility, which means that you can take advantage of it by holding it because there's a high chance that you'll gain profit, though in fiat you can still save it and at the same time earn profit by depositing it in the bank, which most of us don't prefer, so we tend to save it on our own. Still, they are both the same: to save because we need it in the future, but in bitcoin, it is more advantageous than in fiat as we can call it investment, unlike in fiat, where we just call it savings.

I guess there is no difference between keeping money and keeping bitcoin because each of them share the same goal, that is to save for long term. And both should possess discipline and self-determination so they can achieve their long term goal. However, there is more advantage to save bitcoin than to save in fiat because if you save bitcoin for long term, it’s value increases along with time, while fiat depreciates its value from time to time.

They might have the same concept except will differ in terms of interest and the alike, what do I mean... say you keep your money at home in a safe, this money won't gain any interest on it as it's idle as compared to bitcoin whose value is determined by supply and demand and depending on the time of the year markets could either be bullish or bearish and in a bullish market expect your portfolio value to go up but should you be in the bearish market you might lose some value here. So technically both have their advantages depending on market conditions, in a bearish crypto market.. Keeping money at home is better but in a bullish crypto market you want that crypto to bring some interest to grow your portfolio.

Holding money and holding bitcoins is essentially an analogy to the act of saving that people's minds want to orient towards. 
Keeping money - create a backup fund for living, emergencies, health, entertainment…
keeping bitcoin - create speculation, a passbook for the future, payments, store of value… Review  In terms of benefits, I think whatever for the purpose?  Bitcoin holding is proactive and future-oriented.

Its like a double-edge sword and this is why getting all in is never been recommendable if we do speak about holding and accumulating Bitcoin as much as we can or something that do tells about putting up all of your fiat into conversion into Bitcoin which is suicide.Im not saying that Bitcoin is not really good but we do always have that risk.Only invest and put up money which you could really afford to lose because no one really knows on what would be the future looks like but if you could be able to bare up the risk then go ahead but be sure that you would be that prepared for whatever things that you might encounter ahead.
Savings are similar in both ways but we do know on what their potential if we do speak about earning opportunity.

It is like saving, with high patience. But the impact will be quite different. Bitcoin investment will have a higher value in the future. Although the amount of Bitcoin is probably still the same, its conversion to our fiat will be rising up this is why Bitcoin becomes one of the worthy assets for long-term investment. It is different from money from which we may not get high profits from it. But how we have the patience and willingness to keep our money in the fiat bank or in the Bitcoin is actually the same, to make it as saving for the future, with certain purpose and goals, including the target that will determine how high we will probably take the profits.

The main problem arising from keeping money is the decline in its purchasing power. The main advantage of keeping bitcoin is that the value of bitcoin can increase over time, while the main disadvantage is that the value of bitcoin can fall to zero.

Saving money and holding Bitcoin are not the same.

When someone saves money, he doesn't need any specific strategy and no need to have sufficient knowledge about the money. As long as he saves it at the safest place, it is enough. He only needs to plan when he probably uses the money in the future.

While holding/keeping Bitcoin, it requires a strategy and sufficient knowledge about it. You must understand when the best time to buy and when the best time to sell Bitcoin in the future. To know this, you need to analyze the market trends and the Bitcoin price history. Analyzing the market trends or BTC price history requires knowledge. People who have no sufficient knowledge, cannot do it. Also, people must understand where the safe place to keep Bitcoin and understand how to transfer it themselves.

In my opinion, both fiat money and bitcoin work well as a store of value. 

Fiat money can be transferred to a deposit account, or it can be transferred to a bank account denominated in grams of precious metals (gold, silver, platinum, palladium). 

Bitcoin is a deflationary asset that increases in value over time....  I am ready to save both bitcoins and fiat money. 

But there are big temptations nearby - these are girls.  Girls are very motivated to spend men's money - fiat money, gold and bitcoins.