Saving bitcoins - page 29. | Bitcointalksearch.org

Money Maker Shaker

member

Activity: 74

Merit: 10

Quote from: The Sceptical Chymist on February 12, 2017, 05:26:48 PM

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

it is simply because banking system is what they are mostly familiar with, it is what they understand easily. so they want to go back to that system.

also there are some benefits such as giving you profit,...

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: The Sceptical Chymist on February 12, 2017, 05:26:48 PM

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

Right now we may really not see a lot of reasons for that (benefits therefrom)

But that's simply because there are no Bitcoin banks around yet. By Bitcoin banks I understand our regular fiat banks that offer various Bitcoin services. There are quite a few such use cases. First, banks can't start accepting bitcoins unless explicitly allowed by the government. But when (if) they are allowed, merchants will likely get allowed as well, to accept Bitcoin as a means of payment (e.g. big online retailers). This is second. Obviously, they might be willing (read allowed) to accept bitcoins only from "white" Bitcoin addresses (i.e. those which are used by such banks), and therefore people may find Bitcoin banks useful for online shopping

gandame

hero member

Activity: 924

Merit: 505

Saving bitcoin is advantage because you can sell it in when the time of bitcoin price will spike higher and you gain profit from it. Holding bitcoin for a long time will surely benefit you as months passed by because if you sell while the price is low it doesn't make sense for profit when that time you dump.

eann014

hero member

Activity: 1078

Merit: 501

Quote from: PacePay on February 12, 2017, 09:57:28 AM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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?

I think you do not know that bitcoins cannot be saved in banks they are not adopted and accepted by banks so you if want to save them in banks then you will need first to convert these bitcoin to fiat and then store but with that you will miss the benefit of bitcoin price increase.

true, it is better if we make our bitcoin stay in our btc wallet so that it increases the value of your bitcoin and you can earn even if you don't do anything at all. Just make sure don't withdraw all your bitcoin so that some of your bitcoin will grow.

PhilPrime

sr. member

Activity: 378

Merit: 250

BlockChainBroker - The Real Estate Exchange

Quote from: mornabo on February 12, 2017, 07:12:33 PM

Quote from: tech_solutions on February 12, 2017, 05:30:23 PM

Quote from: The Sceptical Chymist on February 12, 2017, 05:26:48 PM

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

banks will not be suitable for implementation in bitcoin. bank system that is centralized and open to make decentralization and anonymity of bitcoin will disappear? you still want to use a bank?

I use both still, though these days I prefer using bitcoin for its security nd easy transactions. Using these we can knew already if we got the right amount and if it send accordingly plus the fact that it can increase by just saving it.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: tech_solutions on February 12, 2017, 05:30:23 PM

Quote from: The Sceptical Chymist on February 12, 2017, 05:26:48 PM

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

banks will not be suitable for implementation in bitcoin. bank system that is centralized and open to make decentralization and anonymity of bitcoin will disappear? you still want to use a bank?

deadpoolx

hero member

Activity: 560

Merit: 500

Quote from: BeGoods on February 12, 2017, 10:24:27 AM

Quote from: cramcram21 on February 12, 2017, 09:48:28 AM

There is no bitcoin bank that exist in the internet right now,
And I think that there would never be one cause bitcoin was created for decentralization and for anonymity of all of it's user.

yeah because of course using only the wallet, more secure, without administrative costs, without verification identity, so I think saving bitcoin in wallet will be more comfortable than in bitcoin bank

Some people may prefer to use banks if they are able to provide some guarantees. But I think that the use of such a service to store Bitcoins would not make much sense because, in addition to the fees, banks are centralized, and are heavily influenced by governments. The advantage of Bitcoin is that, as they say, you can be your own bank.

tech_solutions

hero member

Activity: 504

Merit: 500

Quote from: The Sceptical Chymist on February 12, 2017, 05:26:48 PM

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

Quote from: topesis on February 10, 2017, 02:37:26 AM

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing. Why do people want to link bitcoin with banks? Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash. But depositing bitcoin in a bank? Hell, no!

wpd

newbie

Activity: 39

Merit: 0

Quote from: Xester on February 10, 2017, 02:27:32 AM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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.

I think he means just holding bitcoin, maybe very securely.

DarkIT

sr. member

Activity: 1176

Merit: 252

for now, no bank is willing to accept investment in bitcoin. although there is, I think it will only make you lose, because they will definitely take advantage of it. better keep it to myself, or organize them into more money with things that ordinary people do to make them more and more bitcoin.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: Lovinbitcoinusers on February 12, 2017, 03:32:29 PM

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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?

The rate will be lower than average !

If he could store it in something like a bank then it would all depend on what kind of loans the bank would be able to secure from the Bitcoin deposit. If they could maintain the same loaning rates then it would not be foreign to suspect something along the same lines when it comes to interest rates.

It all comes down to the money that can be made.

Shenzou

sr. member

Activity: 1400

Merit: 283

You can't save your bitcoin at any regular bank you need wallets, you can find many of these on the interenet but i recommend Xapo since you can order a debit card which will alow you to withdraw and exchange bitcoin to your local currency at any ATM.

Lovinbitcoinusers

jr. member

Activity: 65

Merit: 1

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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?

The rate will be lower than average !

Colt22

hero member

Activity: 770

Merit: 500

Nowadays there is no any bank which will accept to save your bitcoins in your account so you do not have to think for the rates now. First of all we have to struggle for it so that the banks accept it and we have to convince the governments to allow the use of bitcoin in their banks.

Mike Mayor

hero member

Activity: 966

Merit: 535

Guys he is new he never ment bank obviously he ment his wallet. So yes you can save it. As for if it will go up more then the $ noone know but have you seen how it went up and down recently ? Yes the % is more then with the dollar. You talking about stability here that is what you were trying to find out. Over a longer time I do think bitcoin will go up in % more then dollar.

Mometaskers

hero member

Activity: 1764

Merit: 584

You can cash-in/out at banks but they actually won't keep your bitcoins. With bitcoins you are somehow your own bank. You just keep your coins in your wallet and it's up to you if you would sell or buy more depending on the price changes. Considering how the price is steadily increasing I suggest just hold. Maybe deposit a set amount from your paycheck to your wallet and just live off the "profits". Of course only buy with money you can afford to lose. Better be more prudent with your hard-earned money.

CoinFoxs

copper member

Activity: 1815

Merit: 1004

PredX - AI-Powered Prediction Market

There is no bitcoin bank existed where you save your bitcoins, you can save your bitcoins in wallet which cost no money. My suggestion to you is don't save your coins in bank and don't let others to control your money, be your own bank and control your coins by yourself. I haven't heard about bitcoin bank yet, may be it will open in near future so wait for that if you want to save coins in bank.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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?

Is there any bitcoin banks in the world, by the way? Well, if the banks start accepting bitcoin for deposits then for sure the deposit rate would be different from other currencies as bitcoin is not among them. It is something totally different compared to them. When you send money somewhere with another currency you will have to pay way more than what you will have to pay when you are sending them in bitcoins. So the rates should probably be different.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Quote from: vaxo_nba on February 10, 2017, 01:50:58 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?

I think if bitcoin have bank, it will break as decentralized currency that become bitcoin identity since it born
Even if it can happen, it need complicated calculation since there many goverment still not interest on bitcoin

Topic: Saving bitcoins - page 29. (Read 32736 times)