I took out a loan from a bank. Fiat.
I bought bitcoins.
I pay back the bank in fiat. In full.
I have no debt.
And I still have bitcoins left over.
Topic: Would you put all your savings money into BTC? - page 4. (Read 5797 times)
no, but I wouldn't put all my savings in a bank neither 
Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance
You must be young and have never heard of inflation. Savings in a bank account slowly degrades over time.
Maybe just the commercial ads works well how clever it is to save money at Bank saving account with x% interest
no, but I wouldn't put all my savings in a bank neither
Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance
You must be young and have never heard of inflation. Savings in a bank account slowly degrades over time.
I'm still stacking my silver and gold....
But adding little bits of BTC everyday.
USD is crap, becomes a bit more worthless every single day. My bank gives me a whole 0.01% on savings, but only upto 25,000$
So I deposit just enough to pay my bills and keep the rest to invest in PMs or BTC.
But adding little bits of BTC everyday.
USD is crap, becomes a bit more worthless every single day. My bank gives me a whole 0.01% on savings, but only upto 25,000$
So I deposit just enough to pay my bills and keep the rest to invest in PMs or BTC.
NO.
Would you put all your savings money into BTC rather than at the bank?
No. Put only little into BTC, more to Gold and keep some money for your expences. This is how I doing it
YES
Honestly speaking, I'm getting a gut feeling that anyone who happens to have most of their savings in Bitcoin at the moment either doesn't have much saved or may want to consider a more stable system.
I then realize that the other options aren't truely any more stable, just less volatile. I then carry on.
I then realize that the other options aren't truely any more stable, just less volatile. I then carry on.
at this moment bitcoin attenuates my other savings. big time(s)
edit: typo
edit: typo
No, but I wouldn't put it in the USD either.
At this point, my bitcoin wealth is greater than all my checking, saving, and investment accounts combined.
But, no, I wouldn't put all of my savings in bitcoin. Maybe like 50%.
But, no, I wouldn't put all of my savings in bitcoin. Maybe like 50%.
no. However as it happens, bitcoin has pretty much ended up *being* all my savings. lol.
I put in about 400$ of GPUs and it gave me far more than I imagined it could have. Makes the ~300$ I have sitting in my bank account seem borderline non-existant...
...Until Walmart takes these things :\
I'm less than 1% fiat fwiw, and living without much change from life before crypto.
It's nice. Big impulse purchases I'm prone to have to stand the test of 2-3 days' mulling before coinbase releases my dollars.
Bitcoin is a real savings account if I say so myself.
It's nice. Big impulse purchases I'm prone to have to stand the test of 2-3 days' mulling before coinbase releases my dollars.
Bitcoin is a real savings account if I say so myself.
Would you put all your savings money into BTC rather than at the bank?
That's what I did @136. All of it. Been holding since.
no. However as it happens, bitcoin has pretty much ended up *being* all my savings. lol.
Banks and paper money in general seems to be extremely difficult to earn, partly because the fees and costs for setting up anything is ridiculous, meanwhile even I'm making small chunks of cash in Bitcoin and I'm close to being able to make a steady stream because of how easy it is to conduct international trade. I like to diversify so this question is a bit irrelevant to me but if I had a bank like the old ones that were run by Austrian economists and backed by Gold/Silver I wouldn't mind so much keeping money there.
Banks have dug their own graves by making lives extremely difficult for people to conduct business when that is the only way they make money, the same goes for any person I've seen attack Bitcoin, they're just forcing people to come up with an alternative.
no, but I wouldn't put all my savings in a bank neither
Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance
Any money loose value over time. Bank might give you percent or more interest yearly, but the inflation of money is always higher
I hate banks. So it immediately angered me a lot when my balance got greater than 2k euros in a bank. Therefore all the money that I didn't need to spend any time soon ended up accumulated in crypto coins. Smartest financial choice of my life so far.
no. However as it happens, bitcoin has pretty much ended up *being* all my savings. lol.
I didn't plan it this way, but at the moment, I do have more savings in BTC than in USD in a bank, but that's only because I've been holding a few coins since early 2011.
no, but I wouldn't put all my savings in a bank neither
Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance
There may not be cost, but there is certainly risk.
Ask Cyprus.
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