Saving bitcoins - page 20. | Bitcointalksearch.org

pinkpanther03

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Quote from: BitcoinPC on March 17, 2017, 09:51:43 AM

Quote from: Text on March 16, 2017, 11:19:53 PM

You can't save your bitcoin directly to a bank unless there is already a bitcoin bank in your location. If it is not yet available then it will be converted first on your country's currency or your prefered other currency option. The rate will be depends on the bank because sometimes they have differences.

I guess there were some countries that uses and accept bitcoin legally and so the bank accepted in some, I guess in the Philippines the Central Bank there accepts already If I am not mistaken. But dont worry as soon everyone will decide to accept bitcoin because of its so much popularity.

I doubt that Philippines Central Bank accepted bitcoin, maybe in some other terms they just allowed it, For sure they a hidden agenda why there doing it, It could be in a long run they are planning to make it centralize once they found out their citizens are getting aware into bitcoin. But that's not going to work because of decentralization of bitcoin.

ajeef

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Quote from: taxmanmt5 on March 18, 2017, 09:47:23 AM

Quote from: VTCutch on March 17, 2017, 04:47:10 PM

Quote from: thefaucetrunner on March 17, 2017, 04:15:13 PM

Quote from: stergium on March 17, 2017, 04:07:19 PM

Quote from: Osarman on March 17, 2017, 10:09:06 AM

Quote from: Rajchandu on March 16, 2017, 10:02:23 PM

We should always BTC keep seving. For feature. And wait for the price to go higher as keeping money in bitcoins is saving and also a investment at a same time and saving money in bitcoins will grow your money even if you don't do anything with it and it will give best outcome in compare to saving money in banks.

yeah a lot of people are holding their bitcoin for the future because they know that bitcoin will be more increasing its price and we know bitcoin increasing its price too much faster day by day and a lot of people adopting bitcoin as investment.

in fact holding bitcoin is the best option in present time. i thin every one is expecting that the price of bitcoin can increase more and more therefore i think holding bitcoin is the best option i think.

Hold most of them for future and with rest try to multiply them in trading and if everything goes fine then you will be holding more number of coins in future which will give you higher profits as of now spending is not good and saving them is the best idea.

Yes, it's good to store, but to multiply is even better. I also try to increase the number of my coins. That's when the price went down - I buy coins.

Very nice idea, grab the chance if the coin goes down buy it and hold it until.it rises up again, like some did in early 2017 the coin goes down because of the panic selling then some grab the chance to buy some coin that is why it increases high again demand rises.

Price has gone down today so we should miss this opportunity of buying more number of coins as price will surely rise in next few days which will result in giving us positive results on our investments and if you feel that price can even go lower in next days then wait or else buying at this price is even affordable.

taxmanmt5

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Quote from: VTCutch on March 17, 2017, 04:47:10 PM

Quote from: thefaucetrunner on March 17, 2017, 04:15:13 PM

Quote from: stergium on March 17, 2017, 04:07:19 PM

Quote from: Osarman on March 17, 2017, 10:09:06 AM

Quote from: Rajchandu on March 16, 2017, 10:02:23 PM

We should always BTC keep seving. For feature. And wait for the price to go higher as keeping money in bitcoins is saving and also a investment at a same time and saving money in bitcoins will grow your money even if you don't do anything with it and it will give best outcome in compare to saving money in banks.

yeah a lot of people are holding their bitcoin for the future because they know that bitcoin will be more increasing its price and we know bitcoin increasing its price too much faster day by day and a lot of people adopting bitcoin as investment.

in fact holding bitcoin is the best option in present time. i thin every one is expecting that the price of bitcoin can increase more and more therefore i think holding bitcoin is the best option i think.

Hold most of them for future and with rest try to multiply them in trading and if everything goes fine then you will be holding more number of coins in future which will give you higher profits as of now spending is not good and saving them is the best idea.

Yes, it's good to store, but to multiply is even better. I also try to increase the number of my coins. That's when the price went down - I buy coins.

Very nice idea, grab the chance if the coin goes down buy it and hold it until.it rises up again, like some did in early 2017 the coin goes down because of the panic selling then some grab the chance to buy some coin that is why it increases high again demand rises.

YuginKadoya

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Quote from: mornabo on March 18, 2017, 04:48:46 AM

Quote from: BitDane on March 18, 2017, 03:03:45 AM

Quote from: BitFinnese on March 18, 2017, 02:53:55 AM

Saving in bitcoin at least 10% of your earning will really help your life one day. Due to the ever increasing of Bitcoin price, the once 10% would be equal to 100% of your earnings that time due to BTC increased value.

Even with 5% if the 10% is too much especially to those who's salary are enough for their daily needs. 5% of income converted to Bitcoin and hold it for a very long time, 5 to 10 years maybe. It may not that much today but I am sure this will have a good price after 5 years and what more if 10 years had past.

Sometimes people feel distress when they need to save their earnings. I think they have to instill in their mindset that the store would be good for the future. at least save 1-10% each receive a salary it was much better

They would surely need to keep a strong mindset, if they keep on spending bitcoin and not saving it because they are distress of it, then give it to someone that you trust or a member of your family that are good in keeping it, and teach him the way of bitcoin maybe there would be someone that are more great and skillful with saving your bitcoins.

mornabo

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Quote from: BitDane on March 18, 2017, 03:03:45 AM

Quote from: BitFinnese on March 18, 2017, 02:53:55 AM

Saving in bitcoin at least 10% of your earning will really help your life one day. Due to the ever increasing of Bitcoin price, the once 10% would be equal to 100% of your earnings that time due to BTC increased value.

Even with 5% if the 10% is too much especially to those who's salary are enough for their daily needs. 5% of income converted to Bitcoin and hold it for a very long time, 5 to 10 years maybe. It may not that much today but I am sure this will have a good price after 5 years and what more if 10 years had past.

Sometimes people feel distress when they need to save their earnings. I think they have to instill in their mindset that the store would be good for the future. at least save 1-10% each receive a salary it was much better

artows21

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Activity: 322

Merit: 250

First you can't save bitcoin like fiat currencies in a bank .
It is totally Decentralised.
You can keep it in your bitcoin( mostly blockchain wallet) and use it when you want it.

Talking about interests, you do not get any interest for keeping your money on blockchain. But the cost of bitcoins is increasing so rapidly that it is like an investment,

You can purchase bitcoins today and keep it with you and on the right time sell it.
You will gain a lot a the cost of bitcoins would have increased drastically by the time you sell it.
You can consider it as an interest in fact ,

So I think it would be more than the interest you get from bank.

BitDane

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Quote from: BitFinnese on March 18, 2017, 02:53:55 AM

Saving in bitcoin at least 10% of your earning will really help your life one day. Due to the ever increasing of Bitcoin price, the once 10% would be equal to 100% of your earnings that time due to BTC increased value.

Even with 5% if the 10% is too much especially to those who's salary are enough for their daily needs. 5% of income converted to Bitcoin and hold it for a very long time, 5 to 10 years maybe. It may not that much today but I am sure this will have a good price after 5 years and what more if 10 years had past.

BitFinnese

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Quote from: xSkylarx on March 18, 2017, 02:03:56 AM

Quote from: BitcoinPC on March 17, 2017, 09:51:43 AM

Quote from: Text on March 16, 2017, 11:19:53 PM

You can't save your bitcoin directly to a bank unless there is already a bitcoin bank in your location. If it is not yet available then it will be converted first on your country's currency or your prefered other currency option. The rate will be depends on the bank because sometimes they have differences.

I guess there were some countries that uses and accept bitcoin legally and so the bank accepted in some, I guess in the Philippines the Central Bank there accepts already If I am not mistaken. But dont worry as soon everyone will decide to accept bitcoin because of its so much popularity.

Central bank of the Philippines are accepting bitcoin but not for investment, just a payment on every transactions that their customers going to be make to them. But yeah, I'm sure that in the near future, bitcoin would be accepted everywhere, as an investment, as a payment, or whatever they want to do with bitcoin. We just have to wait for this thing to happen, and keep on holding our bitcoins.

This is not saving, this is all about spending lol. I think the Banko Sentral ng Pilipinas is just for profit in acknowledging Bitcoin. They once announced a warning to the Filipino regarding Bitcoin last 2014, and now they are accepting it because they have seen millions dollar transaction and wanted to get a cut of that transaction.

Saving in bitcoin at least 10% of your earning will really help your life one day. Due to the ever increasing of Bitcoin price, the once 10% would be equal to 100% of your earnings that time due to BTC increased value.

bitcoindusts

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Activity: 1092

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Quote from: ABCbits on March 18, 2017, 12:08:49 AM

Saving/keep bitcoin looks like stupid idea since bitcoin is decentralized and there's no point of using bank unless you need the features/services that offered by the bank.
Furthermore, bitcoin don't experience inflation but deflation, so it's impossible to get deposit rate unless you sell your bitcoin to other currency.

I think you can save or keep bitcoin even without banks. Since the wallet itself serves as Bank for Bitcoin

. And putting your hardware wallet or paper wallet in bank is not affected by the inflation and deflation you are talking about. You can save it as an important document or item in the bank for the added security and not as a currency.

xSkylarx

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Quote from: BitcoinPC on March 17, 2017, 09:51:43 AM

Quote from: Text on March 16, 2017, 11:19:53 PM

You can't save your bitcoin directly to a bank unless there is already a bitcoin bank in your location. If it is not yet available then it will be converted first on your country's currency or your prefered other currency option. The rate will be depends on the bank because sometimes they have differences.

I guess there were some countries that uses and accept bitcoin legally and so the bank accepted in some, I guess in the Philippines the Central Bank there accepts already If I am not mistaken. But dont worry as soon everyone will decide to accept bitcoin because of its so much popularity.

Central bank of the Philippines are accepting bitcoin but not for investment, just a payment on every transactions that their customers going to be make to them. But yeah, I'm sure that in the near future, bitcoin would be accepted everywhere, as an investment, as a payment, or whatever they want to do with bitcoin. We just have to wait for this thing to happen, and keep on holding our bitcoins.

Text

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Saving is a good idea, you can also save without a bank as safely and protected. I would not let my coins controlled by others.
Offline wallet speaking like storing your bitcoins on a PC, why don't you try apllications run by a Linux OS because I heard that no virus can damage its system.

UCHCHILD

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Quote from: Wesimon on March 17, 2017, 11:59:25 PM

If you want to save bitcoin, save it on your online wallet. It is wiser if you do not convert your bitcoin to fiat currency then deposit in a bank.There's much higher profit in wallet if you just wait for the value of bitcoin to inflate.

Some do not recommend to use or store big amount in online wallet.
But then I use that same way too, I store coins in online since I do not use offline wallet in my PC, I am much afraid to it because virus is everywhere in computer.

Phyton76

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Quote from: ABCbits on March 18, 2017, 12:08:49 AM

Saving/keep bitcoin looks like stupid idea since bitcoin is decentralized and there's no point of using bank unless you need the features/services that offered by the bank.
Furthermore, bitcoin don't experience inflation but deflation, so it's impossible to get deposit rate unless you sell your bitcoin to other currency.

Saving bitcoin is actually a great thing to do mostly when bitcoin dumps. It is worth to save them when they are cheaper then you sell it at higher price as it spikes your target sell order.

ABCbits

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Saving/keep bitcoin looks like stupid idea since bitcoin is decentralized and there's no point of using bank unless you need the features/services that offered by the bank.
Furthermore, bitcoin don't experience inflation but deflation, so it's impossible to get deposit rate unless you sell your bitcoin to other currency.

boyptc

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Quote from: crazyivan on March 18, 2017, 12:02:45 AM

Save as store in a bank? That s possible.

That's possible but as of now I can't see that there's a bank that is willing to do this type of depositing and saving of bitcoins, since it's risky and bitcoin is decentralized.

Quote from: crazyivan on March 18, 2017, 12:02:45 AM

Getting interest rate on BTC in an actual bank, that s not gonna happen for some time.

It's better to get interest rate because of the price increase of bitcoin rather than getting interest rate from banks which is covered by tax.

crazyivan

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Save as store in a bank? That s possible.

Getting interest rate on BTC in an actual bank, that s not gonna happen for some time.

Wesimon

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If you want to save bitcoin, save it on your online wallet. It is wiser if you do not convert your bitcoin to fiat currency then deposit in a bank.There's much higher profit in wallet if you just wait for the value of bitcoin to inflate.

Rajchandu

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We should always keep seving for our future.
And it is very important for our future.we should wait for BTC increase reat for.BTC seal.in fact holding bitcoin is the best option in present time. i thin every one is expecting that the price of bitcoin can increase more and more therefore i think holding bitcoin is the best option i think.

Jewell

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Activity: 490

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Quote from: stergium on March 17, 2017, 04:07:19 PM

Quote from: Osarman on March 17, 2017, 10:09:06 AM

Quote from: Rajchandu on March 16, 2017, 10:02:23 PM

We should always BTC keep seving. For feature. And wait for the price to go higher as keeping money in bitcoins is saving and also a investment at a same time and saving money in bitcoins will grow your money even if you don't do anything with it and it will give best outcome in compare to saving money in banks.

yeah a lot of people are holding their bitcoin for the future because they know that bitcoin will be more increasing its price and we know bitcoin increasing its price too much faster day by day and a lot of people adopting bitcoin as investment.

in fact holding bitcoin is the best option in present time. i thin every one is expecting that the price of bitcoin can increase more and more therefore i think holding bitcoin is the best option i think.

yes i think bitcoin need a great support form its uses so that the price of bitcoin do not fell down any more and get a strong support, hope very soon bitcoin will recover its previous position.

axorb

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Activity: 336

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Quote from: VTCutch on March 17, 2017, 04:47:10 PM

Quote from: thefaucetrunner on March 17, 2017, 04:15:13 PM

Quote from: stergium on March 17, 2017, 04:07:19 PM

Quote from: Osarman on March 17, 2017, 10:09:06 AM

Quote from: Rajchandu on March 16, 2017, 10:02:23 PM

We should always BTC keep seving. For feature. And wait for the price to go higher as keeping money in bitcoins is saving and also a investment at a same time and saving money in bitcoins will grow your money even if you don't do anything with it and it will give best outcome in compare to saving money in banks.

yeah a lot of people are holding their bitcoin for the future because they know that bitcoin will be more increasing its price and we know bitcoin increasing its price too much faster day by day and a lot of people adopting bitcoin as investment.

in fact holding bitcoin is the best option in present time. i thin every one is expecting that the price of bitcoin can increase more and more therefore i think holding bitcoin is the best option i think.

Hold most of them for future and with rest try to multiply them in trading and if everything goes fine then you will be holding more number of coins in future which will give you higher profits as of now spending is not good and saving them is the best idea.

Yes, it's good to store, but to multiply is even better. I also try to increase the number of my coins. That's when the price went down - I buy coins.

Holding is good if you have huge volume of bitcoins in your wallet and if not then its good to make some efforts to take them to higher level and that is possible with trading altcoins as if you have chosen some good potential coin and if it starts moving up in next few days then it will allow you to grow your coins and making profits from it is an added advantage.

Topic: Saving bitcoins - page 20. (Read 32749 times)