Topic: Saving bitcoins - page 28. (Read 32736 times)
if you are thinking to store bitcoin directly in bank while not even converting to flat money..... i think it is not possible right now.... you have to exchange it into flat money before storing into bank so i think if you have to save it you should use any online wallet or any desktop wallet i think it is good for bitcoin
I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!
Yes and saving money in banks will give you 2 to 3% annually and inflation will eat all your money but if you save your money in bitcoins then you can expect huge returns as price of bitcoins keeps on increasing and it can definitely give you better returns in compare to banks.
What legitimate investment option doesn't give you better returns than what banks can offer? It's clear that banks don't need our money anymore, and thus it will be a matter of time before negative interest rates become reality on savings. If I look through the banks available in my country, then the best they can offer me is a fixed 1.25% interest rate for the duration of 10 year. If I opt to choose 5 years, then they will offer me an astounding 0.75% interest rate. It's peanuts, really.
I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!
Yes and saving money in banks will give you 2 to 3% annually and inflation will eat all your money but if you save your money in bitcoins then you can expect huge returns as price of bitcoins keeps on increasing and it can definitely give you better returns in compare to banks.
I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!
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?
Why you need to store bitcoins in banks. Better store local cash deposits in banks and forget about bitcoin. One of the reason why we use bitcoins is to get rid of banks and be our own boss with our money.
By the way, there are no banks which gives you bitcoin deposits or maybe you referring to web wallets ?
One possibility is investing your own bitcoins. A lot of money can make bitcoin more profitable. If are just aiming for short earnings, go for saving, but in the future, you will be thinking on large amount of earnings. For me, we should a large amount of capital to earn a lot of money.
We know what will be the best. We should not trust any one ideas, or decisions. You will be the one who will make your own decisions. For investment, you will be the one who will be the manager or be the boss on your investments. You must only take the risks on failures, but if you succeed, there a lot of possibilities to earn if you are having that kind of management skills.
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?
The rate is depends on the bank that make not fail or exact only but there is no one bank in the world for bitcoin. For now you can only use Wallets. Don't worry for a wallet, it is also same in bank because you can save your money to both of them. You earn money in wallet because of the price hike but found only the network but its ok. 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?
Even if there is a bank that you can deposit your bitcoin, you do not want to do that. It is better to keep your bitcoin out of reach of banks or government. You can still keep it very safe in your own way if you want. You can use hardware wallet or paper wallets to keep your bitcoins. It is better that way. If you put your money on a bank, government will have access to it and can freeze your funds if they want to.
If you decided to make that decision, the service would certainly charge you significant fees compared to the use of conventional wallets. Also, I would see no reason to pay a higher value for such a service, since the security level would be much higher in using an offline wallet, or even an online wallet such as blockchain.info.
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?
well if there's a bank to your country where you can deposit your bitcoin how do we know how much does the rate will be . so far, there are still no banks for bitcoin and if you decided to save your bitcoins much better to just store it to your wallet and keep it rather that making a deposit to banks .
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.
Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.
That's right saving money in banks will give you limited amount of returns and you won't be satisfied with that outcome but if you have saved your money in bitcoins then it can give you better returns as the price of bitcoins keeps on moving up and down so when it reaches to the peak you can sell your bitcoins to make more money out of it.
Saving money in the bank will give less satisfaction, but this is safe our investment will not go down, and at least we will get some interest for our investment. The bitcoin saving will give you huge profit, but only if the price goes up. We don't have any trust on bitcoin price it may go up or go down. When you must need money that time if the price down means will you sell your coins? It's loss am I right. So invest only your extra money in bitcoin then you will not face any problem.
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?
Here in our country(Philippines), the biggest bank here in our country just announced that they are accepting bitcoin in every transaction with them, but I am not sure if they are already accepting bitcoin as an investment on them, and also, I am sure that you are from different country so you can't invest bitcoin here because we have different currencies. Maybe asking google if there is a bank in your place where they are accepting bitcoin as an Investment, but there is a low possibility that there is in your place, because banks that accepting bitcoin is very rare.
Investing bitcoin in gambling sites or HYIPs would gives you a big chances to invest your bitcoin, but, it is important first to know that risks that you are going to face when you are going to invest your bitcoin in this two options that I have mentioned. You might also try to use your bitcoin in Trading because in this, there are only few risks than Investing on gambling sites and HYIPs.
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.
Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.
That's right saving money in banks will give you limited amount of returns and you won't be satisfied with that outcome but if you have saved your money in bitcoins then it can give you better returns as the price of bitcoins keeps on moving up and down so when it reaches to the peak you can sell your bitcoins to make more money out of it.
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.
Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.
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?
Actually fluctuations in the bitcoin price is a natural thing , which is making it more lovely online money .Here I will suggest to turn your bitcoin profit into the fiat from exchange sites , and make small amount of deposit in the wallet of bitcoin for long time .
Since daily fluctuation of bitcoin is about 10-20$ but it is not much profitable because of much difference in the buying and selling price . So if you will hold some amount of bitcoin in wallet for long time then you can make big profit , but if you will convert all of your btc into fiat and deposit into the bank then probably it will be best to say that " money in bank is like a constant property ,whose value will go down time to time " .
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.
Investing it anywhere involves a huge risk as you don't know what would be the end result will so if you have enough bitcoins then the best choice would be keep them safe in your wallet and hold them for the future as it is predicted that price will touch new heights in future so when it reaches there sell them and grab the huge profits.
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
there is a way to do it and make it look like you are savign and earning interest, and it work good for short term it is called loan
with bitcoin you can earn very good interest on any deposit by lending your coins, i see it as a form of saving, just be sure that he/she have collateral....
I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!
Jump to: