Saving bitcoins is the best in coins. ph it is an app which serves as a wallet of the bitcoin. with the coins.ph your bitcoin is safe and it is proven to be legit and it is not a scam. Saving bitcoins is useful because there will be times that the value of the bitcoin will increase.
saving bitcoin is the best way to increase the number of your bitcoin, but i think those people who will invest bitcoin for a long time it it will be more profitable. to me i am going to hold bitcoin for a long time may be i safe it for next 5 years, and i am sure that after 5 years it will surely give me good profit. 
Topic: Saving bitcoins - page 9. (Read 32702 times)
By storing bitcoins in a bank, you're really destroying the whole purpose of bitcoins. Suddenly the bank has full control over all the bitcoins you have. There are very few banks that supports bitcoin. I only know about one, which is a bank in Norway. Currently this bank simply connects to coinbase and uses that to buy/sell and store bitcoins. I don't know wether this bank has control of the bitcoins stored here.
Unless the account is going to yield interest, there is little incentive to store bitcoin with someone else, the security risk unless they offer insurance isn't worth it. It kind of defeats the basic purpose of storing bitcoin, which is that it rewards you for holding (its deflationary), and you don't have to pay a bank a service fee for that feature. ' It is a defect of fiat that it disappears slowly over time.' Thus, it's logical to have more motivation to save bitcoin than fiat.
By storing bitcoins in a bank, you're really destroying the whole purpose of bitcoins. Suddenly the bank has full control over all the bitcoins you have. There are very few banks that supports bitcoin. I only know about one, which is a bank in Norway. Currently this bank simply connects to coinbase and uses that to buy/sell and store bitcoins. I don't know wether this bank has control of the bitcoins stored here.
I agree why let others store you precious bitcoin for you and pay them to have control of your bitcoin stash when you can do it yourself through different back up method that can make sure that your bitcoin is safely back up and saved.
By storing bitcoins in a bank, you're really destroying the whole purpose of bitcoins. Suddenly the bank has full control over all the bitcoins you have. There are very few banks that supports bitcoin. I only know about one, which is a bank in Norway. Currently this bank simply connects to coinbase and uses that to buy/sell and store bitcoins. I don't know wether this bank has control of the bitcoins stored here.
Saving your bitcoins will be the best strategy and good investments to have for now and talking about other invesrments like of minings and other adds, I don't think so it will have to be successful. Since bitcoin demand is growing rapidly despite of it's unstable price which could change it's price in a minute it could drop bigger values. People has developed their trust on this currency and have serious idea of holding their bitcoin for a long period of time, because of the profitable earnings that they will get from bitcoin.
For now I dont know of any banking transaction that works with bitcoin. The whole bitcoin concept is a threat to cash banking therefore if you still want to save in a bank vault then you need to convert your money into USD. But I recommend you hold on to the coin. With level of appreciation and depending on your local currency inflation you might gain more than expected in mo time
i thinj most poeple agree on the fact that we all should save bitcoin at least for now, with the current high transaction fees it is hard or it is kind of improfitable to move bitcoin around or exchange it, and i think this expalins the high price that it has reached now
So far there is no bank that lets you save your bitcoins. The HaoBTC wallet allows you to receive income if you let your Bitcoin stored there, but I do not know exactly the rate hike.
The whole idea about bitcoins is to avoid using a bank. You shouldnt really want to take bitcoins that you own and then put them into some one elses trust. There arent any banks that do what i think your looking for but there have been companys that usually end up scamming you for your bitcoins. If you want to earn a percentage of the bitcoins you own then the current best way is just to buy and hold. You wont earn more btc this way but you more than likely will earn more fiat for every btc you own.
To be honest I am also waiting for when banks will start accepting bitcoins, but i don't think so any bank accepting bitcoins yet. If it will happen the rates will be according to that time, it is not possible to predict the deposit rates so soon.
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?
There is not such a thing, it is very likely that if such a thing existed you will not receive any interest rates and you will receive the same amount of bitcoin if you withdraw and the movement in price of bitcoin will dictate how the deposit moves vs the dollar.
I do not think the bank is 'bitcoin', we just need to keep it in the wallet online, safe and no monthly fees charged.
If you can try investing because this will increase your biutcoin
If you can try investing because this will increase your biutcoin
one of the steps to make the odds of bitcoin currently the higher value and create as high-value currency by way of storing bitcoin for now because next year is going to be getting high again this should value the right time
Saving bitcoins is a nicest thing to do were you can manager your money and monitor it. Until now theres no bitcoin bank though it will increase your savings but it will take time.
In saving bitcoins i prefer the poloniex online money trading. In Poloniex online money trading you can save or invest your bitcoin and trade it, through the poloniex online money trading your bitcoin can get grow in a short period of time. On my own experience my money is now become thrice in just one month. It is a wise website in where you can save your bitcoins.
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.
So true. Holding bitcoin can give more profit. But we also must continue to monitor market prices. So as not to lose as well.
Unfortunately we dont have any bitcoin bank existing.All you have to do is to hold it until the value is increased very large.Or you can invest it and wait for it to grow.Do that again and again and wait for the bitcoin's value to be very big.
If you have bitcoin, you can be your bank yourself. You can store your bitcoins into your bitcoin wallet and you can manage it the way you want it to be. That is an advantage owning a bitcoin, you can manage your coins yourself. So, why do you need a reason to have a butcoin bank?
Unfortunately we dont have any bitcoin bank existing.All you have to do is to hold it until the value is increased very large.Or you can invest it and wait for it to grow.Do that again and again and wait for the bitcoin's value to be very big.
Speculation is one way to earn profits from the appreciation of the price but I think one should not rely on that option. Bitcoin / blockchain is a new technology and thus there are many opportunities and scope for the development. Thus I think investing in some part of the holdings in blockchain/bitcoin startup would be a wise idea to go with. One should make sure that he is using number of bitcoins in the agreement and not the value of it in fiat.
Unfortunately we dont have any bitcoin bank existing.All you have to do is to hold it until the value is increased very large.Or you can invest it and wait for it to grow.Do that again and again and wait for the bitcoin's value to be very big.
Saving bitcoin will surely help you achieve your goals in the future, as the price increases tendency are you will earn higher profit. I do save bitcoin for future purpose and if in 5yrs the price increased so much, we are the one who benefits on that.
Long term investment?
Kind of a problem with me because I love playing with my coins in trading or in gambling although I have saved some just in case.
We have different views with this saving thing. Some save just for short term and would do another investment in other fields.
For now, it is really a good idea to stay with bitcoin because of the blooming popularity.
I am not doing any mass buying and selling for Bitcoins, but I'll save what I have.I would be of similar thinking. I am storing the majority for long term investment
but there are a few in daily use for alt coin trading and possibly buying goods.
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