Saving bitcoins - page 17. | Bitcointalksearch.org

Pinkris128

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Quote from: Xester on February 10, 2017, 03:27:32 AM

Quote from: vaxo_nba on February 10, 2017, 02:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.

Exactly, to save your bitcoin the only way is to hold in your wallet whatever wallet it is. Because there are no banks that accept bitcoin right now. In holding it in your wallet you can get some profit whenever it pump. I also saved money in my wallet and I can say that this is very helpful because wallet serves as my bank.

Rahar02

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Quote from: Nevis on May 24, 2017, 10:32:50 PM

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

Indeed, none of traditional bank accept bitcoin except for specific bank which special for bitcoin. The exchange rate is fixed according to international market or volume on this bank that could be different with others.
Moreover, it's better to save your bitcoin on private wallet as the exchange rate always increase.
Or, if you want to trade bitcoin, save it on a trusted exchange to buy and sell bitcoin.

bhabygrim

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I think that is not necessary because value of this digital currency are not fixed you know what i mean so much bettet to stock it on your wallet and sell when you see the price you desire.

BeGoods

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Quote from: Seeker01 on May 24, 2017, 05:12:34 AM

I think banks are not yet accepting any bitcoin as a savings. the only thing we can do is to hold our bitcoin on our wallet, and wait till the price of bitcoin to increase. i believe in the future this thing will happen, as the demand for bitcoin are increasing.

Yeah there is no bank currently receiving bitcoin. But you can still keep the bitcoin in the wallet. And I think it's much safer and simpler than using bitcoins

Xester

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Quote from: Nevis on May 24, 2017, 10:32:50 PM

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

At this point of time banks have not yet reached the point that they will accept bitcoins but later in time they will also be forced to accept bitcoins into their system or otherwise they will be left behind. Bitcoin has already spreading its roots to all kind of businesses around the globe and even huge investors are now coming in. Five years from now our wallet will be no more place in our pocket or bag but on online storage.

danherbias07

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Quote from: malami on May 25, 2017, 04:23:41 AM

Quote from: DoublerHunter on May 25, 2017, 04:20:30 AM

Quote from: Nevis on May 24, 2017, 10:32:50 PM

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

Banks is not the only option for saving bitcoin because you can save your bitcoin in a lot of way like you stated and one of the best wallet to store our bitcoin that i know is paper wallets which is very easy and cheap to make and you just need a good quality of printer and also a piece of paper then you are good to go and you can store your bitcoins in a very safe way.

I think a hardware wallet is a more appropriate way for most people who may not be the most tech savvy type to store their bitcoins. Obviously it comes at a cost but considering how secure and easy to use they are it is the number one thing I recommend for saving up.

Yes that is all the answer for now or maybe forever.
There are still no banking institution also in.our country that accepts bitcoin to be invested in.
Although one bitcoin web wallet is somehow using a bank as their withdrawal option, still it is not considered.
Hard wallet is the only answer for a better security if you want to. Or you could use a trusted web wallet. Some of them is already running for ywars.

malami

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Quote from: DoublerHunter on May 25, 2017, 04:20:30 AM

Quote from: Nevis on May 24, 2017, 10:32:50 PM

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

Banks is not the only option for saving bitcoin because you can save your bitcoin in a lot of way like you stated and one of the best wallet to store our bitcoin that i know is paper wallets which is very easy and cheap to make and you just need a good quality of printer and also a piece of paper then you are good to go and you can store your bitcoins in a very safe way.

I think a hardware wallet is a more appropriate way for most people who may not be the most tech savvy type to store their bitcoins. Obviously it comes at a cost but considering how secure and easy to use they are it is the number one thing I recommend for saving up.

DoublerHunter

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Quote from: Nevis on May 24, 2017, 10:32:50 PM

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

Banks is not the only option for saving bitcoin because you can save your bitcoin in a lot of way like you stated and one of the best wallet to store our bitcoin that i know is paper wallets which is very easy and cheap to make and you just need a good quality of printer and also a piece of paper then you are good to go and you can store your bitcoins in a very safe way.

Nevis

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No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

ASHLIUSZ

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Quote from: batang_bitcoin on May 24, 2017, 09:55:54 PM

Quote from: secdark on May 24, 2017, 08:42:28 PM

Quote from: batang_bitcoin on May 24, 2017, 08:35:01 PM

Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price

Yes it's not easy to hold bitcoin because there will be situations and time that it is going to tempt you to sell it. But if you can endure to hold until with the satisfying maybe for 5 digits value per bitcoin. It will be worth the wait if you will sell at that rate but with the current price of bitcoin, it's already satisfying but it keeps on advancing and giving us some more expectations and pushing us to keep on saving.

Though the price of bitcoin at times endure to sell, it can be held into the wallet without much difficulty. Because people who depend on the bitcoin cash out for living feels difficult, others who have their own day job could easily avoid such situation and make use in the future as the price increases year after year in the same manner.

GreenBits

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Quote from: Afnan_faizah on May 24, 2017, 10:21:11 PM

Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

yes that is right. bitcoin price is keep increasing, I think we should saving bitcoin rather than use it to purchasing something.

While there is wisdom in holding, if you have the patience to trade, you can make alot more than you would have by passively holding. Imagine the line of a chart as earning potential. The more volatility; the more the ups and downs on the line make it longer, making more earning potential. If you can exit and enter the line correctly, you will make a magnitude more than you would have just hodling. But that increased earning potential comes with increased risk; mess up on that line and you can lose value in a ruinous way.

Afnan_faizah

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Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

yes that is right. bitcoin price is keep increasing, I think we should saving bitcoin rather than use it to purchasing something.

batang_bitcoin

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Quote from: secdark on May 24, 2017, 08:42:28 PM

Quote from: batang_bitcoin on May 24, 2017, 08:35:01 PM

Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price

Yes it's not easy to hold bitcoin because there will be situations and time that it is going to tempt you to sell it. But if you can endure to hold until with the satisfying maybe for 5 digits value per bitcoin. It will be worth the wait if you will sell at that rate but with the current price of bitcoin, it's already satisfying but it keeps on advancing and giving us some more expectations and pushing us to keep on saving.

SoulBargain

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Quote from: secdark on May 24, 2017, 08:42:28 PM

Quote from: batang_bitcoin on May 24, 2017, 08:35:01 PM

Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price

Holding bitcoin requires patience and also you need to believe that Bitcoin would continue to live and grow because if you have a weak belief then you would just be easily swayed when some people says Bitcoin would die like now and then or any speculation or an actual problem that it currently faces which you need to believe that the developers can fix this.

secdark

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Quote from: batang_bitcoin on May 24, 2017, 08:35:01 PM

Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price

batang_bitcoin

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Quote from: Seeker01 on May 24, 2017, 07:50:30 PM

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

mrcash02

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Quote from: iniciante on May 24, 2017, 08:13:52 PM

Hi, i'm new over here. So, I intend to get started in BTC. I am focused on investiment. Then, there are so many websites available to sell and storage my BTC. I'm affraid of hackers and insecurity websites. Could you guys tell the correct (best) way to buy and storage my BTC. Thanks.

If you are new here you should give a look at Beginners & Help section:
https://bitcointalk.org/index.php?board=39.0

And as you want to know more about BTC storage, look this thread:
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151

Any doubt about it I think you should ask there in any related thread, but in Beginners & Help section.

GreenBits

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Quote from: iniciante on May 24, 2017, 08:13:52 PM

Hi, i'm new over here. So, I intend to get started in BTC. I am focused on investiment. Then, there are so many websites available to sell and storage my BTC. I'm affraid of hackers and insecurity websites. Could you guys tell the correct (best) way to buy and storage my BTC. Thanks.

Use a trusted exchange, or proper escrow. I suggest Coinbase, it's pretty easy and the verification process is automated for the most part. This is for purchase however, you have many options but be wary of the fees when you purchase, the premium on transferring cash to bitcoin can be as high as 15% in circumstances. Storage is a different story.

Hardware wallet. Always remember that if any other party has your private key, they too own your coins as they can control them. Coins on an exchange are yours no doubt, until they get hacked, or abscond. A software wallet is fine for small amounts, but you are subject to the security of the operating system the wallet operates in, if that's compromised, you were fucked from jump Wink

iniciante

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Hi, i'm new over here. So, I intend to get started in BTC. I am focused on investiment. Then, there are so many websites available to sell and storage my BTC. I'm affraid of hackers and insecurity websites. Could you guys tell the correct (best) way to buy and storage my BTC. Thanks.

Seeker01

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Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

Topic: Saving bitcoins - page 17. (Read 32702 times)