Bitcoin Forum

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

You have to be more precise, it's not entirely clear what you want to say.

Any good investment is also a good store of value, as long as it remains a good investment. So of course you can buy Bitcoin with your fiat money, if you expect that Bitcoin will not loose or even increase in value compared to fiat. That's pretty straightforward.

In case you are referring to Bitcoin's volatility you are asking a question that you are already answering: If you want low volatility and already expect Bitcoin being stable, then of course it may be suitable for you. If you want low volatility but don't expect Bitcoin fulfilling your wish, then you should stay away from it.

So if Bitcoin is a good investment / good store of value for you depends a lot on your investment / storage goals and your expectation of Bitcoin fulfilling these goals. Of course there is no certainty that your expectations will come true, so you are always taking a risk when investing.

ya.ya.yo!

Like what most people say, put the amount that you can afford to loose. We all know how volatile the bitcoin price is and that being said invetin all your money in it might not be a good idea if you will think that there is a possibility that the price will crash at any time.

Well that is the general idea & a reason why most people use it ;)
You kind of answered your own questions.

I use Bitcoins to store my funds because it is just a good way to invest my money expecting to be increased in value in the future :)

In such an unstable market, short term investing may be a safer alternative for investors. Short-term investing allows investors to invest their money with little or no risk, while knowing their money is not going to be tied up for long periods of time Price stability exists when average prices are constant over time

A lot of people have protected the value of their money, when the value of their local currency has begun to plummet... they buy Bitcoin, and then wait out

the storm, until the price corrects and then convert back to the fiat currency. If you live in a country, where your local currency are in a free fall, you should

consider buying some Bitcoin to hedge against these losses. Bitcoin has seen the best growth over a long period of all other currencies in the world, for the

last two years.  ;)

of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

actually it is not the best way to store your money.
as much as i love bitcoin i have to say it is still risky to invest in bitcoin, especially if you are not a trader and you want to invest a large amount of money. it is good for smaller amounts though.
and as a currency or for spending it is still an excellent choice.

Are you sure about this that bitcoin cannot be hacked ?  ;)   A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

In my opinion, Bitcoin is great way to store (invest) money. Sure, i would not recommend you to jump all in with all you have but investing reasonable amount of real money in Bitcoin could give great return in time. It is revolution in money and as i see it, decentralization of money is bigger jump for money than jump from coins to paper money.

Obviously it's a good investment in your real business and we can store the bitcoin like how we are storing the money in bank.
By bitcoin you can purchase things, you could to able to the trade overseas by bitcoin transaction and you could you as the payment for it.

Yes, bitcoin can be hacked and we should aware of it. You should not put all your bitcoinn on a exchange site.Its risky.

Back to topic,

I think bitcoin is good option to store money. We can use it anytime and most important it's tax-free. Again, storing bitcoin can give you some profit.

absolutely agree and its the best way

Well the price is really matter for many people everybody can not put their money on something which is not stable but i think if we take a little then we can access the whole world with bitcoin

Yeah i think bitcoin is a good store value as long as things stay stable with the code and there are no disastrous bugs that arise

Yes it is a good way but definitely not the best. Actually there is nothing as best when it comes to make financial decisions. You can think banks are the safest place to hide your money, but its proven that they are not. Same with bitcoin, it looks safe but you'll never know...

I think bitcoin is the good way to make money generally. Look, every one chose for himself or herself that way, it can be investing, trading, gambling or what ever. The result is the one - you make money or loose. Well, l prefer just to make money here with commenting and when I save some good amount on my wallet I cash it out when the price for bitcoin is satisfy me.

Yes bitcoin is the good way to store your money and maybe as one user said it is not the best but it actuly showed us that how secured it is.any hacker can nit just hack my wallet and transfer my coins on somewhere else until he had my private key but paypal or other are hackable even bank has defects

It is really a good way to store your money in bitcoin because bitcoin is very safest and useful currency than other currency and bitcoin increasing its price very faster .

So far Bitcoin has been a great store of wealth tool for me. Yes, I have bought my coins far below the current price, so it's easy speaking for me, but in general Bitcoin can be a great store of wealth for everyone. You have to know and accept the risk that the volatility brings with it. If you have done that, and know that you'll not sell your coins in panic when the price goes down, then you'll do well. Patience is also important. Storing money is a long term thing.

Check the comparison of bitcoin with fiat and other currencies http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
I think bitcoin is a good way to store our money but not all of them, I don't prefer to store 100% of my money in bitcoin because bitcoin is not stable.
Fiat most of the time is more stable than bitcoin but if we like to invest then bitcoin is a good way too to make a profit or loss.

Yeah if you are putting money in bitcoins then you need to hold it for a long term to take best benefits from it and if you have saved enough number of coins then you can make great profits from it.

Good as in, it's a new avenue / option / opportunity. As long as you make a profitable investment, then it's good.

Storing bitcoin can be for price speculation due to volatility, ( you shouldn't count on the value being stable, we aren't there yet)

Aside from volatility and investments, it's also good for its ease of access/use for payments with the low fees for transactions worldwide.

Money transfers with bitcoins is the best thing to do, transactions are so fast and instant that no other payment system can cope up with it.

Bitcoin is a pretty good way to invest your money if you're into more risky ventures, however it is a pretty good way to store your money if you can get it at a discount, and it is quite good for holding money and keeping money safe that you don't really want people following for example. It depends on your goals, but for most people getting it at a discount would be a great way to store your money.

Yes we can convert oir fiat to bitcoin and keep it safe in wallet.I also do it everytime I have some extra money,I buy bitcoin with it and keep it in wallet until i need money

Heh.... I think this is not my first time to saw about the op's topic.  :-\ and the another previous threadis discussing about shit question. the op is already having anser i sure about that..  :-\

That is what i am doing changing my money to Bitcoin and storing it. I am taking the risk hoping that someday everything will went according to my plan and i will profit a lot. With the current unstable market i am getting tempted to turn it again to flat but i was able to overcome it and keeping it still as a Bitcoin.

i buy some bitcoins from time to time and im willing to hold it for like a decade or so, i hope that it will make me some good profit easily

very prone to rises/drops. But longterm, I think it would rise. like maybe in a decade or so.

bitcoin is a good way to invest your money, its one of the best investment, however i dont suggest you to store all of your money into bitcoin, we dont know what can happen in the future and also there are no institution or country or person that is able to defend bitcoin when something happen, so you can invest in bitcoin but dont put all of your life saving in bitcoin

both of that chance, bitcoin can be the place to store your money but the other side your money can grow or decrease its back how goes the price on the market maybe the most of us call it investment.

I guess it is in a way. It is hard to get hacked, but if you store it in a USB it is easy to lose. Moreover, the price is also very volatile compared to other fiat.

Therefore, I wouldn't store all of my Bitcoin in one go. I spend some and store some. But like you said, it is a good way to store money.

:)

I just can't get the exact what is your trying to intend to this question, I think YOu need to be accurate about this matter. But if you are asking where to invest it, Well investing into bitcoin is good a decision, now if the price is very stable all you need to do is to keep it or hold for awhile then wait til it increase before sell it.

Most posts here in the forums are so broad.  :-\  Like the other post that says "How to motivate women to use Bitcoin?".

Bitcoin is not a good or "safe" way to invest. However, we would say it's a very good speculative commodity/currency hybrid, depending on which government or agency you're talking to.

Keep a small amount in Bitcoin and a larger portion in "safer" investments. It's unknown which scenarios would present a surge in Bitcoin above $1,000 as it was before, but it has held as a fairly stable currency since the last crash.

No one can really answer your question for you, but I certainly would not advise putting your entire nest egg into Bitcoin. But a portion makes sense, and the younger you are, the higher the portion you could consider.

Well, I agree that bitcoin not the best way to store your money, you have a point. But I don't think it's not good to store bitcoin as investment in a large amount (depend on how much do you think about the amount), as we can see that the price of bitcoin keep increasing every year so if last year you have 10btc/$400 in your wallet now it would be $270 profits each btc.

If you are planning to just "store" your money in form of bitcoin, I don't think that it is a good way to keep it specially if you are using it in your day to day transactions and your transactions are in fiat.. But if you are planning to keep it longer in bitcoin and you believe that price will increase, then no problem about it...Also, if you keep it in bitcoin as an investment and use it to earn more, I think that's fine...  :)

I can't say bitcoin is a good way or not because it depends on with the people's implementation, sometimes that is can turn into the good way and another time turns into a bad way. I never think the price will stable the changing of bitcoin price has always happened for every time.

I think of is as good a way as any other way. Very convienent fast fun.

its very cool for people involved with technology and love the high tech world. The world evolves and everything is very fast. Computers upgrade very quickly with quantum computing and powerful handheld devices all that can use bitcoin.

Bitcoin is just for making pasive income for me, and it is not good way for making investment on it. Even if bitcoin's price stay stable, due to it is new things there is high risk on bitcoin.

yeah bitcoin is very secure and safe currency so we can store our money in bitcoin without worry and if we store our money in bitcoin we can get a good profit from bitcoin.                            

Bitcoin investors need a more volatile price ,so they can make profits.

If the price becomes more stable,all the speculators and btc investors might go away.

If the price really becomes more stable,more online and offline businesses and other people might adopt

bitcoin.

yes there is no doubt about this, i think it will be really too good, because bitcoin is so safe and reliable that one can put all him assets in it for without any doubt.

I cant say that bitcoin is the good way to invest your money, because bitcoin price is not stable we didnt know if the price will pump or will dump,  so it is not good way to invest your money, it is risky so it is not good way for me, So im just eaning in just collecting bitcoin in faucets, selling my services here in bitcointalk.. Im not investing my real money here because i cant take the risk.

As we've seen, the price only increased since the launch of Bitcoin. Yes, we've had different events like Bitfinex but the price will probably keep rising. I'm trying to save the money from signature campaigns, so I'm not risking anything to loose.

That is what i am doing, i do not invest my money to bitcoin because i do not want to take a big risk even though there is a possibility to get big profit if i put or invest in bitcoin. I only want to store is my signature campaign earnings.

   Storing and investing is two different things. Bitcoins are good for investment, cause we expect price to go up over the time, and one day we can sell coins for higher price, that means investment was good and we had some profit from it. Investment is good only if you have profit, and will you have profit depends from choosing right moment to buy and sell. Bitcoins are good for long term investment.

Storing on the other hand is keeping money we already have on safe place, and everyone here know how much bitcoin is unstable. Cause of that is not very safe to keep your money in bitcoins, gold is better option for that, or maybe real estates.

Coins.ph i use in storing money it is really well and best in doing and promoting the stuffs needed.  When we have money at our own hands it seems to be wasted easily. But in bitcoin its not everu investment is pfofitable.

bitcoin could also be bank aside from being your investment , yes it is a good way to store and keep your money if ever you wanted to save some of your money and it would be very great if the price have been raised back to $700 or $800 just in case . for now the price of bitcoin has a slightly stable status so it would be a good time to buy bitcoin and keep it to your wallet like you are saving your money or if you want you can try to grow from a investment you know that can help you make more of it .

I think, yeah bitcoin is very good for investment, investment in bitcoin have a good chance to earn high profits in a short time due to price volatility. bitcoin is good to store money, but not too much, because there is always a risk following the.

the price is now quite stable and not too volatile so i think short term investment won't make profit that much in bitcoin,but still worth it for an investment,and as you say bitcoin wallet have a risk to be hacked but by enabling so many securities option this problem could be avoided

If you have a hardware wallet then i would say yes it would be a safe and secure way to store money or in this case something of value to the holder.
I would rather trust in bitcoin than in holding money from all that i have seen so far with the use of currency in my time. :-[

if you look at it in a long-term way, Yes. Bitcoin increased in value from $0.01 to $1000 in a time so those investing in it made big chunks of profit. however it's too volatile to store money on short term, we all see how it swings in value by %1 every few seconds. Probably most of the people storing money won't be okay with that volatility.

You mean buying bitcoins and then having an investment through it.  Yes it is.  Many people are buying bitcoins as it is the same like if you would buy a stock or any asset that have value.  It is a good thing but of course bitcoin price is not that stable.  Better not to put all your money on buying bitcoins.  But still it is one of the best thing to invest right now.

Yeah price is not too high at a moment and I think we can afford to buy some coins at this stage as price is expected to go higher in future giving us best profits.

Bitcoin is good in the way of investing , because we can do many activities in bitcoin currency we can do trading , where do wee need to do is to buy altcoin is small price then we gonna wait until the price is going to high we can also hold our bitcoins until the price will increase

I think bitcoin is not a good way to store money, because the price of bitcoin is always changed and it's not good to stored your money into bitcoin. If the bitcoins price increase, it's good for your money, but if decreased, it's not good.

Investing is a risk. So since bitcoin price is unstable it's really up to the person if he wanted to invest his money into it. We have different personalities and goals that's why we'll have different answers. For me investing in bitcoin is okay, so my answer is yes it's a good investment, it's just that I don't have enough cash to deposit and convert. What I'm doing is do services, jobs, join campaigns and store my earnings in my BTC wallet since then. I think that earnings can be considered as investment too because I store it and wait for a good moment to earn with price increase rather than withdraw it.

for me, bitcoin is a good way to invest. and if the price stay stable, i can keep it for a while and waiting the price is up or i just buy altcoins and sell it when the price is up too and its help me to increase my bitcoin.

Any investment has risk so called in bitcoin. So I don't imagined why other people calling it as a safe one to invest. Safe is not the right term in here since safe means no risk associated.

The good thing about bitcoin investment is, we can choose to go long or go short based on the current price move. If all goes in your desired then make some good action about it.

Yeah bitcoin is not safe at all, as we never know what value it will hold in future, either it can go higher or lower but the advantage is that you have control on your money and you can buy or sell at any point of time.

That's exactly what Im pojnting of...

..we can really make such action whenever the price went on our desired way or not.

It's safe on a matter that we can play with all the associated risk if we choose to invest on bitcoin especially.

Bitcoin is a good to choose to save our money this time because i believe that bitcoin will be more valuable in the future., because it is growing daily and more price increase will come i believe that bitcoin price will hit at 1k value not this year but i feel that it will happen..

It depends on you if you can take the risk or not, because bitcoin is a currency that is never stable, sometimes it is high and sometimes it is low, now if you can take the pressure then it can be good to store your money in bitcoin but if you have a blood-pressure problem then just stay out of it or you will kill yourself with so much pressure.

a feeling is not a very good indicator of where to put your money. there are good reasons to believe in bitcoin and invest in it, but only time will tell if bitcoin is a good way of storing money.

Anything can happen with bitcoin and there is no guarantee that it will hit $1k in future, as no one can predict the price of bitcoin in future, it may even fall to an extreme level.

i don't thing anything about this thing :D

but i think bitcoin is a good investment not a way to store your money, if you are looking for something more stable then you can take a look at gold because although bitcoin is a lot stable these days but it is still volatile from time to time which makes it hard to take risks.

certainly it is. But I would not recommend to spend a major portion of your earning in to bitcoin, but you can decide around 10-15% of your monthly earning to be converted in to bitcoin.

Take it as an alternate investment option and just hold on to your stored bitcoin for long term like 5-7 years and you won't regret.

Yeah bitcoin is an good long term investment, so its good to invest money in it as price is descent at a moment to make some investments and even whatever you are earning should be saved for the future.

Surely it is. If I never invested in Bitcoin, my overall wealth would not even be 50% of what it is right now.

I was solely a hodler as my handle may suggest, but since a while I have also jumped into trading to increase my coin count.

So yes, for me personally, Bitcoin has been a great store of value and investment option.

Bitcoin could be could investment but just for our spare money its because we can't really tell that we can earn from it or we can't predict if the price go lower down or up, so by that means bitcoin could never good if you put all your wealth here and just wait for flactuation to go up, but it can be good if you are planning to do some profitable business and build some innovative idea's to earn more from your capital.

Yup bitcoin is best as an investment tool and I am putting my part of salary in it on regular basis to earn best returns in future and trading allows me to have some 'extra' coins in my wallet.

I think so if it's for small amounts and for longer term, Shorter term as well as big amounts are not suitable for investing in bitcoin IMO because of the even higher risk associated with it, it's also suitable if you don't intend to withdraw "if you just want to keep it as BTC".

yeah its really very good way to store your money in bitcoin because bitcoin is very stronger and very secure currency and bitcoin is available in everywhere at all countries for online shopping and bitcoin transaction is very quick than other .

Sure, bitcoin is a good way to store money, but I wouldn't store all my money in bitcoin. Same with investing. Bitcoin is a great investment, but I wouldn't invest everything in bitcoin.

in my opinion bitcoin isn't good way to putting all your money because there is no 100% safe in bitcoin world you could got hacked for your wallet anytime and also there is no stable price in bitcoin because the price could dropped or rise up with pretty fast only in a day even though those situations is very rarely

Man, in Latin America lot of people in 2012 bought BTC and since this time, official currencies are falling in the abyss, so, in Venezuela (yhe most brutal case), Argentina and Brazil i.e, if wasn't BTC, many extreme visionary (and truly believers) would be in serious trouble. It was (at least for some people) a way to escape from governmeny claws.

Very stronger than altcoin  and very secured is not true bitcoin still not have a reverse payment just like paypal.
This is what people want to happen..

I consider bitcoin as secure way to store my funds rather than investment oppurtunity however it feels like getting reward when price get pumped and the value of bitcoin i have stored get increased in terms of fiat.

Sometimes if we dont have knowledge about bitcoin price make worry when the price go down, but invest money to bitcoin is one good way if you buy bitcoin when the price is cheap and you have plan to store bitcoin for long time period, cause long time period is more secure way to invest in bitcoin, do not worry about the price cause bitcoin is now popular so many people we use bitcoin for payment menthod and make bitcoin have good value in future

Unless you are trading on a daily basis, I do not think that bitcoin would be a good way just to store your money.  There are few sites that actually offer a good interest rate on the money you have sitting there and the ones offering a good return always end up going scam.

it's too bad for using bitcoin because considering from their volatility but different for investing place it's will give you different advantages from the another investing place before. but I think a lot of people already understands about the site is you referred.

So you would think the governments in these country would try and outlaw it's use their.

I think that Central America is the safe haven to use your bitcoins though.

If you think bitcoin is going to gain in value, yes, it can be profitable.  I don't think it's a safe bet by any means, though.  You could have much better luck stuffing cash under your mattress or burying it in your backyard with grandma.  Just as bitcoin can rise, so can it fall.

Me?  I think it's a fun ride.  I'm not using bitcoin to "store money".

of course when compared with other cryptocurrency bitcoin has a greatness that is better than the equivalent? but for bitcoin investments may be so risky? you can see the gold or stocks? of course gold and stocks have a lower risk compared with bitcoin? but bitcoin has a greater interest. IMO

Storing your money in bitcoin? you must ready for losing your amount at anytime because the storing is reffering you're not doing anything with your money and kep them in your storage. the volatility is the worst reason for you to storing your bitcoin in bitcoin. you will nmever realize for losing your money about the volatility of bitcoin and better for finding another way if you just are storing your money and not doing anything with your money because bitcoin is made not for a wallet for your money in this time.

If bitcoin price is up, you wouldn't say volatile issue, come on, bitcoin is good for storage, and very safe in cold wallet, theives can't steal, who will steal your usb when he robs you?

There is a possibility that your bitcoin will lost because there is no insurance of your money even in one click we can not access our bitcoin wallet. That is why just put amount of money that you can afford to lose.

First, the reason why it became a good way to invest because the price is unstable.
Why? Because you can play with its movement and make profits.
Of course you can just store your money in your wallet but don't expect that it will stay the same after some time. Use a cold storage instead.

We should always keep in mind that we will benefit on those ups and downs if we are using our bitcoin and if we are holding a big amount...Now, if you are planning to keep your money in bitcoin and in your wallet, I think we won't be making big money with it, though it will be very safe that way...  :)

No one is ever going to access your bitcoin wallet unless you are going to give the private keys and password to them. But in reality, the security of bitcoin wallets are really tough enough and it is a good way to store your money. But always remember that it is risky since it is a crypto currency you have the chance to earn and to loss.

in my opinion bitxoin is better way to store our money if btc price are very low and when rate increase or remain stable then no loss will be occur so in this way to store money in btc wallet is best option .

Yes storing bitcoin is not a good idea because the bitcoin price is not always that stable it always change in every week or everyday depends on how many user are going to sell their bitcoin but if something miracle happens then your luck is awesome because to earn profit without doing anything.

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

Bitcoin, as it is right now, isn't a really good way to store Bitcoin, in my opinion. It's more of a volatile currency and speculation tool for right now, and later in the future once there is more stable and likely higher value it will be a better place to store your money. Right now it is just a good way to make some money trading, a good currency to work for, and something to invest in for the long term potentially if you have that kind of outlook for Bitcoin.

Short Answer : No

Long Answer : Definitely not in near future. Bitcoin is very good to transact on international level as compared to fiat but don’t misunderstand it with option to store your whole assets. Bitcoin is still in its evolution stage and yet to reach new miles and price might fall and rise during this journey, so it’s not recommended to put something in it which is not affordable to lose. I might be completely wrong, but that’s what  think about it.

not really good and i already experience it , at past when bitcoin is on high rate i save mine and waiting untill halving , but the price is not what i expected, so store money with bitcoin is not really good to do unless you ready to lose some of your money if you can't develop it

yeah risk of storing the bitcoin is getting losses due to price changes fast enough on its own bitcoin. fluctuations in bitcoin make investments in bitcoin be quite risky. so my advice do not use all your money to invest in bitcoin because it would be too risky

Already doing it like a storage of my excess funds from my salary. But still whenever I am kreping a lot, something will come up that makes me withdraw some. Though it is still profitable even if it didnt stay for a long time.

It's a good way, but theres always a risk. Price drops etc.

Yes bitcoin is exactly what you described in the title actually. "A good way to store money".
This is because with bitcoin you could earn a potentially very high interest rate depending on how it goes. But bitcoin have always been profitable so if you know what you are doing you can actively store and make money.

I think in this regard, it is more of an investment (that involves risk) rather than a way to store money. Bitcoin's price, as we know, is very volatile and can make your money increase or decrease. If we are talking purely of storing money without it losing value, then bitcoin might not be the best place for it. But if you can take the price dips once in a while and you have the patience to hold, it will work to your advantage in the long run.

Absolutely not. There is no guarantee that Bitcoin will even be around in 10 years. If you want a store of wealth for the long term, you need to find something that has intrinsic value by and of itself. You won't find anything that can provide 100% guarantee your wealth will be safe, land and gold are probably 2 of the best options. Land will always be valuable simply because it is limited and people need to live somewhere. Gold is also limited and is not just pretty to look at, it's actually got unique desirable properties that reinforces its value. Bitcoin on the other hand has no value by itself, it's not even physical, its very existence depends on electricity.

Bitcoin is surely a better choice to save money in compare to saving in fiat as inflation will kill your savings in future but if you have stored your money in bitcoin then you can expect higher amount if price goes  higher in future.

Only two way you will face in bitcoin, your money grow or decrease. that the fact you will get in the end when you have decision to sell bitcoin, the good idea is storing your money in bitcoin that you can afford to lose.

bitcoin is a good way to invest your money but if you are looking to just store your money and keep the value then bitcoin is good and safe but you may lose some value especially if you want to only keep it for a short time. but long term it becomes both safe and profitable for you.

I don't think so cause there is no guarantee that bitcoin will exist forever but I think that bitcoin is a good way of investing and just like any other form of investment, there is always a risk so just invest an amount that you can afford to lose

Don't put all your money in bitcoin as no one is sure what will happen to bitcoin in future, so its better to diversify our wealth in different products to reduce the risks.

I think it would be impossible for bitcoin to be stable on their prices? I think that makes a lot of people interested in bitcoin is because bitcoin has fluctuations that can make many people benefit in a short time. but my advice is one thing. do not invest or use all of your money in bitcoin

You actually just answered your own questions. If the price is stable, then Bitcoin is a good way to store your money. But when the price is fluctuating, then it's not the best time to store all of your money.
But however, if you do believe on Bitcoin and you believe that it will not let you down, then you could store all of your money on Bitcoin.

It's a good way to invest if your confident that the price is stable or
willing to risk it.  On your question about storing it. Its very easy to store
and much easier to travel with. You can carry paper wallets and not claim it
when leaving the country or flying on a plane. If your a big gambler or trying
to take money into other countries bitcoin can be very handy if you have liquid
ways to exchange it.

I believe that Bitcoin is a good way to store your money compared to storing your cash somewhere in your house. You can transfer your Bitcoin into fiat right away using your Bank account just if ever you needed to spend it. No hassle there. The main advantage of Bitcoin over storing your money with cash is the chance that if you store your Bitcoin for a very long time, when you come back, the price would be higher than what it was when you deposit it. There'll be a significant profit by just storing your money.

Price fluctuation is a best source to make quick profits and most of the user are taking advantage of it and if price gets stable then traders will not love to see that.

Its not only good way to store money, but also a profitable way to make money as well , as the Bitcoin's price is rising highly, it will be the best opportunity to the Bitcoin's holders to make real earnings

I am sure corrupt government officals will find crypto currencies as a solution to hide their wealth as well,yes it is really a very good way to store money,you dont need to hide you wealth in swiss bank or in the bahamas, just a strong password and an offline wallet in all you need to hide your wealth.

You're right, never put all eggs in one basket, so no one will ever use all his/her money to invest in bitcoin because they have daily life to financed and you should always have some funds of fiat money on your savings. I think it's a good idea to storing money in bitcoin even just quarter of your salary every month as savings for your future as we can see the price of bitcoin always has increased every year.

Yeah saving money in bitcoin is good but not all of your earnings, as in future bitcoin may fall back so its better to put a part of salary in it and rest in some other investments.

bitcoin is most flattering media to save your money. because with your bitcoin wallet you can access it easily. You can perform a variety of transactions whenever and wherever you are.

Bitcoin is a good way to invest your money, time and energy. Storing is something we do when we are millionaires, and then we put our money on different places and that is how we keep them safe. Bitcoins are still just investment, and people will earn money in good case, lose if things go wrong in some point.
I don't know for others, but I wouldn't keep my money in bitcoins. I would gladly invest part of it, and I would like to watch how btc rise and how my investment is making good profit, but for keeping I would choose something more safe.

Bitcoin is best in all of the ways, where we use it and invest it or do trading. But everyone have their own ways to earn from bitcoins.
For me bitcoin is best for investment. Since i started with bitcoin so in the start i do investment and it give me always good profit, thats why i prefer investment in all other ways like gambling and trading. But gambling and trading are also best ways, but both need luck.

Yes we have our own bank in the form of bitcoin wallet and we have control on our funds personally and accessible to us 24/7 and which involves very low fees.

I feel as of now bitcoins are good only to put a partial amount of our savings instead of keeping all our money because bitcoins prices are very volatile compared to keeping or saving our money in fiat currency. So if bitcoins prices go down for any case then all our savings will be reduced lot in no time so I think we should only keep some of our money in bitcoins for investment purpose.

That's right its better not to invest all your wealth in bitcoin as if price drops in future then you need to wait longer to earn profits from it and there is no guarantee that it will rise again.

At this moment i find storing a bit of a problem since it have a wallet offline. I do hope and think in time this protection can be and will be increased but till then bitcoin is not a good way to store your money. Especially if you have a lot of money, i would advice to have more bank cost for a bit more security.

I dont think bitcoins is just good for a way to store money because the bitcoin can also drop allot and then all of your money is gone if ytou want to hold money cash coins and hold the money/.

That 24/7 thing made me get really hooked with this. Banks can do that. I have never seen one that do transactions in Saturdays and Sundays. OH! I think I saw one that do it in Saturdays. But every bank dont do on Sundays. So you need an ATM card to get money which you gain nothing from that card. It is just like a wallet that is made with a plastic card and you are supposed to find a machine to get some cash from that plastic.

Here in bitcoin you put your money, it is not just a wallet but an investment also and it moves wildly during fluctuations.

Bitcoin is innovative digital virtual currency, which has many advantages and features.


Bitcoin is first decentralized, anonymous, safe, secure and transparent altcoin. Which is recognized globally. Bitcoin itself have proved its existence.

if we see graph of price of bitcoin of history. We can determine how changes happened. Investment in initial stage have gave good ROI.
Same as way current investment can give good ROI in future for staking then.

Well, there is no absolute security on Internet really.
Good hackers can break any online security and stole your funds online.
Even banks and governments can't absolutely protect their data online.
If you have large amounts in your bTC wallets, i will suggest you to store it in more safe way, offline, at the bank account.
Also, value of bitcoin is very changeable.

I think storing money in bitcoin is not a good way. Well we all know that the price of bitcoin is not stable and maybe the time will come the price will go down at the bottom. No one knows when it could happen but as long as it is still alive use it as much as you can but only in a good way   :).

no matter how many times we advice people not to store coins in online wallet services or exchanges, they continue to do so. even major thefts don't make these people change. these people will only learn when they are losing the coins they store online due to a hack or whatever. it will be a very expensive lesson.

I think it would be quite risky when you put your bitcoin on a website and wait for bitcoin your investment grow. I saw from the previous story that there are many people affected by the scam because such an investment? I think you can still make a profit simply by holding and waiting for prices to rise?

You can invest if you can afford loosing it. Big up and down are quite common by the way, check the chart.

yeah save bitcoin is tantamount to investing? You do not need to bother to grow because you will make a profit when prices rise and when prices go down you do not need to panic. you only need to hold him and be patient and I'm sure you'll still benefit? I think this is a safe investment

bitcoin is an investment so while storing and holding it you are earning from it just needed to make a good timing when the price already rises up don't panic when it show low value because for sure it will bounce back.

that way of treating bitcoin is for the lazy, i believe you should always try your best to further increase your money so invest in bitcoin and if you could find a good way of investing bitcoin itself, then do that too. so in this way you can make even more bitcoin and when the price rises you have even more profit.

And never keeping your money or JUST storing them into bitcoin because too bad for using become your wallet for storing your money. the volatility if always disturbed if you wanna for saving into bitcoin form.

Yes it's not only the good way bit the best in my opinion, because if you invest or some 1btc and store in your wallet for year then after that certain time interval that 1btc's price will definitely rise and so by selling the btc again you could get some profit.

Yes I agree trading is good way to increase our bitcoin. I always choose to invest my bitcoin in trading with altcoin that have big significant and fast fluctuation of price. I can get provit even a litle amount of bitcoin. Try invest in omicron because there are promo now.

Yea obviously the best way yo store money. If you deposit $500 ~ 1btc in bank then after 1 year they will give only few bucks as interest but if you buy and store 1 btc then af years you could get highly benefited. As there is no change of price drop.

You do realize that's the same as gambling right? There is no guarantee that the price will go up or that bitcoin will even still be around in a few years. And you're saying it's the best way to store money? I can only assume you're saying this because you yourself have already converted all the money you had in the bank to Bitcoin.

Even not only when the price stable we can store our money in bitcoin also when the price ia going up slowly.  You will get more value from that is like investment

even it is possible that this profit could be double. I honestly always tread bitcoin is a way to store my money. because for investment. bitcoin is not really safe. bitcoin is full of ponzi sites. and you can't say which site is worth to invest and which is not. but storing money in bitcoin is always a good choice.

Yes bitcoin is a good way to invest money but it's better if it's for long term than short term because of the volatility of bitcoin now having big fluctuations then it may not be good if you buy now and then suddenly the price will go down whereas if you invest it for the long term then you would not worry about the fluctuations for now because bitcoin is strong and even if it goes down, it will go up eventually. If you also have problem in bank because you don't have supporting documents to open one then bitcoin is a good alternative in storing money because you can just open an account not needing any documents. Of course there is risk that your money will be lower in value because of price difference but it's better than putting it in your own wallet and then you can spend it immediately.

Yes i used to that in the past i was holding all the bitcoins that i earned in my wallet and hold a maximum of upto 1.2btc in my wallet and till then bitcoin price has also increased and that turned out to be really good investement for me.Due to some emergency i have to withdraw them all and now i have started to hold my money in bitcoins again.

Bitcoins can be good way to store money off course but what you need to know is that the price of the bitcoin can be very low so if you hold them as coins you can lose allot !

Bitcoins can be a good way to store money but you can also lose allot of money becuase the price of the bitcoin is unstable so the price can drop allot and you will make allot of los.

I think the volatility of bitcoin is not as big as it was some time ago.
It could be compared to the stock market, and a lot of people invest their money in stocks.
And if you have a good way to exchange your bitcoins into fiat and back whenever you want, I see no reason why bitcoin should not be considered as a way to store money.
And if you handle it right, I consider it even safer than the cash at home.

I agree there is many online wallet that you can easily convert your bitcoin to Fiat. If you can play bitcoin in a good way , you will profit in it than loosing some amounts, I personaly trade my bitcoin into Fiat when I think bitcoin will going down.

its true, while we don't watch the rate in week, and suddenly the rate is down to deep and we lose our money in bitcoin. its different if we buy bitcoin when the rate is in range $200-$300, because when you buy in that range, no matter happen, the rate will not go down to deep until reach $200 again because the market won't allow it. but if you buy in range $500-600, you should be careful and i think you should follow the news or the market to know the new rate of bitcoin so you can get profit when you want to sell it.

Yes,i fully support with your threads.As a crypocurrency broker, it's my opinoin that bitcoin store is a big opportunaty for us or investment another also.All are kinds of parts related with bitcoin.Another good news for us,next year 2017 will be bitcoin  year.Hope,something good opportunity wait for us.

Agree that you are basically gambling on the price of bitcoin increasing or at least staying the same when storing money so its a very volatile method of saving.While things look relatively good in bitcoin at the moment and the future looks good we cannot say what things will be like in 5,10 or 20 years time.
Smaller amounts of bitcoin are probably a good system of investing some savings but gambling on your future with larger amounts would be too risky in the long run.

first you have to clarify what your purpose is from storing money.

- for the sake of storage and keeping it safe, you have banks as an option where you can deposit your fiat in a bank account and even receive a profit on your deposited amount. and it is secure enough to be trustworthy. and as for security and just keeping money in bitcoin, it is good and completely secure if you choose cold storage.

- but as an investment and making profit, bitcoin is good and bad at the same time because the price is volatile and you have to find a good time to invest like when there is decline or the price is stable and preferably low and always will have risk of loss because of the possible price decline.

Every year is a year of bitcoin and its good to see that price of bitcoin has started to rise and we can expect the same in future too so its good to invest money in bitcoin to get best returns in future.

and when the price rising you will make a profit,it's bitcoin's characteristic or behaviour to be so volatile but it's also could give you a benefits,it's just about how you use bitcoin,if the value of your wealth was the main priority then why saving in form of thing which is volatile?

Precisely.  We can say that our money is safe with our bitcoin wallets but we cannot guarantee about the price.  Its price is so volatile, no one can predict when and how much its price will be.  But bitcoin for me is still the best way to transact online if you want a hassle-free transaction.

Risk will always follow bitcoins but don't forget that it can give best profits too if price goes higher in future so I think we can afford to take the risk of investing in bitcoins.

If you really want to store money with the bitcoin it can be option but I honestly do not recommend you to do this because of the fact that the bitcoin can also collapse these days.
The bitcoin is not predictable so I think its not the best way to store your money.

I think although bitcoin prices rise in the future but I'm sure people will not be able to resist their desire to sell at a relatively high price? or maybe they will feel panic when prices go down when a lot of people already say that the price of bitcoin will be high in the future?

Bitcoin could be one of the ways to store, so to save your money. At the moment it is the good investment, the price will be around 600 or even rise for a while, so you should give a try. But at the same time you should carefuly watch the market and react on changes to prevent some possible loses or to invest even more if is a good opportunity.

that's why you as person should have different coins for different purposes. i for example have a certain amount of coins in my cold wallet that i know i won't sell in the coming years. beside that i also have a cold wallet for when the price shoots up to +$1000 prices at some point. these coins will at some point get sold. and i have coins for trading purposes. that way i can benefit from all aspects.

You must be wrong. Price fluctuations are most common, but total collapse of bitcoin is not at all possible as bitcoin has strong conceptual and very depth of fundamental support for being existing. Even bitcoin is still under experimental process, it has billions dollars within it.
So, having Bitcoins for storing your money is not a bad idea and it will grow in value over time for sure.

Yup, you're absolutely right. That bitcoin is a very profitable and one of the recommended places to save money. Because the bitcoin has an incredible system (price fluctuations) and that's all we can get in a way just wait/keep the money we have. Without work or other things besides store (buy and store) we can already get a tremendous advantage

Bitcoin is good enough to secure your money coz if you do everything right it can not be associated with you and no one can freeze your account... some times it's very useful feature  ;)
But still it's volatile and you should compare risks storing your money in fiat or secure it in bitcoin. as for investment it is risky so you should not invest more then 15% of all your investments to BTC.

It can be good way to store your money on it but it has some downsides and that is that its not stable.
Its secure in the way of a wallet, but not safe if you are talking as a investment due to the fact it can go up but also go down forever so my final answer is no.

either of the two options are good...invest with bitcoin to store more, which is profitable.....and also also to resell..when the price exchange is a bit high...

I think Bitcoin is a good way to store money. It is atleast better than storing your money into the bank. Both of them are secure. But it's very likely that if you're going to store money, you're going to store it for a while. If you store your money in Bitcoin for a while, there's a possibility that the value is higher than it was. In that way, you can have some profits. On the other hand, storing your money in bank will not give you any profit.

You should take price volatility in a positive way, as its an opportunity to make quick profits and if you keep on thinking of risks then you won't be able to make profits any day.

Bitcoins can be good way to store money but i dont think there are allot of peopel wants this because when you store bitcoins as the meaning to safe money and the price drops allot all your money is gone.

Only few people believes that the price of bitcoin will decrease with the passing of time so they save their money in their computer which is safer than the bank holding the money for you. Banks can be stolen just like bitcoins but with bitcoins its the user responsibility to safeguard his coins. Bitcoin is a good way to store money.

Well that is going to be the risk if you are going to store your money with bitcoin. But the fact is that the chance of earning once you are going to store your money with it is much higher. But the bitcoin wallets are secured at all so I can say that bitcoin is a good way to store your money but it is going to depend on you if you are a risk taker.

bitcoins are the best to invest your money into and save your money with, i think it should grow a lot in the near future so you would make big money

for me it is much beneficial to store my money in bitcoin as I will not have to pay any high fees and taxes to the banks and governments and sometimes I feel like banks sucks , while in bitcoin I get a high profit with the passage of time whenever the price of it increases.

to be honest if i only had a chance i would definitely do that in order to make even more money, too bad i need fiat for everyday use

LOL, that's not true, bank and government won't get that much tax or anything from your money... They are just getting what is right...Keeping money in bank is like you are keeping your money handy with their ATM... Remember during emergencies you cannot use your bitcoin instantly, on the other hand you can use your bank card to pay instantly...  :)

that dude right there is really safe especially in the internet. A hacker can bypass any security at all. so I think if you want to avoid the theft of bitcoin
make a paper bitcoin wallet and keep your bitcoin in it. I'm sure no hackers will be able to steal your bitcoin

What more can I say about this question? It is more generalize reason of most member here in this forum. Like me I joined here Because I believe I can store securely my savings which is Bitcoin. While storing it/holding it, I will sell it once the price is really stable.

Everything in this world or wherever we go, risk is always there in every decision we wanna make. But true that Bitcoin is a kind of passive income to anyone. If you are knowledgeable and the technique to gain bitcoin in any aspect they have in bitcoin world.

In that case you have a point. Gaining in different signature campaign is a big help to everybody whether the individuals are new or old member. About the bitfinex even it has a bad record already in the community but still we can't stop anybody to have a doubt into it for what happen. Of course those people who invested into it got trauma actually.

Yeah I agree, Bitcoin is a great way to store money and try to make money at the same time and that is why many people make use of Bitcoin.
If the price is stable that just means that you have to wait for the price to rise again.

Yes, everyone will get the chances to make money with bitcoin savings, if he is ready to wait for some time.
So far, the past record of bitcoin has proven this fact. So, bitcoin must be a good investment opportunity.

Usually all investments are used for storing our money and will reward us back some extra benefits for the belief we are having with that. Bitcoin must be similar kind.

But you should have to tell which way is best for us and also for bitcoin.
For me bitcoin is best in our ways only need you have ability to utilize it in different ways. Like in investment and trading.

there is nothing to say in my opinion, i think that bitcoin is going to always be a good way to hold your money in most probably

Bitcoin is a good place to store money as if price goes higher then it will also help in growing your money but make sure that you don't put all your money in it, as it will be risky if price drops in future.

Yes that is the idea. Just put the excess money if you have some spare. Actually it is the best storage as it is also an investment. No need to go to a broker for you to be invested or in a bank. Just putting some money in bitcoin it is already done.

Aren't we trying to promote bitcoin as an official currency of the digital generation ? ???
I get it,bitcoin is a easy alternative to invest a few bucks but you'll are forgetting the cause why it was ever invented.90% of the bitcoin related posts around the forum are only containing keywords like "invest,trading,profit,double" etc.

Bitcoin is an experimental currency.You're putting it like before the dawn of bitcoins people never invested in digital assets before.

Yeah that is the right thing to do, put the money that you can afford to loose so even if in future if price drops it will not affect you financially as you have an back up that can take care of you.

Profitable but risky investment.
Secure storing but still very volatile.
If you want to hide your assets it's not a bad idea to use btc )

For now it is still the best to store our money in bitcoin because the price right now is increase and it easy to store your money in bitcoin you dont need to put your real identity to have a bitcoins.. its not so secured but it depends to you how you can secured your wallet..

I think bitcoin very good for saving money and investing

Obviously Bitcoin is the good way to investment.Many people are now investing on Bitcoin and got handsome profit.well before invest your money on Bitcoin you first need to be experienced otherwise you will lose your investment.

For store money,yes you can store but Bitcoin price not stable fiat also not stable but not much volatility like bitcoin.So you should prepare for accept profit or loss both.

Exactly. Bitcoin makes it a perfect commodity to serve as a store of value, leaving you in complete control of your own money without the need for greedy banks or middlemen. The paper wallet can be seen sort of like a safe deposit box in bank, where you store your funds for the long term and only you have access to same with your private key.

Still, it would be best to sell some of your BTC (instead of all of your BTC) once the price goes above $1000 for profits and preserve the rest for the future. But, this is up to you.

With Bitcoin, you can safely store your money and preserve it for long term via the use of cold storage methods and an encrypted private key for added security. The only limit here, is BTC's price in terms of volatility (against fiat currency) but it could serve as a great way to make profits if done right.  ;D

Yeah, some people must be have same reason to buy or earn bitcoin. It's a good way to store our money as we know that the price of bitcoin keep increasing every year, if the price  stay stable it's just same as common money in every country and we will see not much people would store or invest their money in bitcoin.

For now and really in the future also it will be a good source to store and invest our money in , I will like bitcoin to be a successful money as I now do not want to go back to the banks to store my money I am happy with bitcoin and will support it for its success.

No it is not a good way.

Bitcoin is aiming towards a servile relationship with governments and banks.

But if you like storing your money with those two characters then I guess the answer is yes.

im also holding it all in a cold storage right now, i think for me to sell it a new all time high should be reached to get good profit

It depends on how you define storage.  If you are talking about weeks or months, even longer, then depending on the method or wallet that you use, you should be good.

If you are talking about overnight, then you will lose funds on both the transfer in and the transfer out, which is also true of the longer periods, but I should think that in ten years that would be overcome by the increased value. 

Can you be a bit more clear here? Are you talking about the fee that you need to pay for purchasing the coins, and then the fee to sell the coins at a later period? If that's the case, then it's a very small fee barely worth mentioning. You can buy yourself some coins as low as 0.2% per transaction.

Let's say you have $1000 that you want to store in BTC, then the fee of both buying and the eventual selling, will be just 0.4% or $4 in total.

For me regardless the storage that you are going to use if you are just going to be smart on how you are going to use your money / bitcoin then you are going to do it in an effective way. What is I'm doing is that every time that I'm accepting fiat money from different sources I'm going immediately to the bank and depositing it as soon as possible.

Depending on the amount that is being stored, these fees are pretty small, but if you are trying to move and store something like 0.005, then you could lose a larger percentage than you would want in short term storage. 

There is no any answer for this because the answer just depends on the perception of every person and I just seeing the answer is vague.

There is no guarantee that the price will stay stable ,  so you would be storing your hard earned money with a risk,  and a high one,  I would rather look at that like an investment,  not just storing money like in a safe,  the money can be worthless or worth millions by tomorrow,  who knows? I would stay storing in fiat though, if I do not want to risk and invest my money.

Bitcoin is a very good investment if its price will not jump, but will remain a stable currency like the real world. Because of the fact that the course is very volatile, people are afraid to invest in bitcoin.

are you talking about the fee that exchanges charge, or the transaction fees to move the coins to your wallet? if first case, then the fees are identical. if second case, then the recommended fee of 0.0001btc is a lot more severe for low valuw transactions like 0.005btc, compared to for example 5btc.

People who knows how to take benefits of price fluctuations won't mind in investing in it even if the price is volatile as it is allowing them to make quick profits which is not possible with any other investment.

This constant need to deal with otherwise earn on exchange rates will not work. Cryptocurrency not very stable and can very quickly lose all, not even having time to celebrate the victory.

If you will never take risks then you will never make profits, no doubt investing in bitcoin is risky but that risk must be taken to get better benefits in future.

Yes, investing money into bitcoin may become good advantage if we compare with gold or diamond.
Let say for example : you're house got robbed but luckily you're save nothing valuable in your house because you're investing bitcoin !

Gold. Many have been investing in here since it is a long term investment.
The question is are we patient enough to submit to a waiting time?
That is why some still prefer bitcoin. Not a lot of work plus it is a faster fluctuation.

if you want financial security then it's not. because if you have bitcoin exposed to hacking then you can not take back your bitcoin.
for more secure, you can choose BANK. BANK give a stronger guarantee because they are governed by a financial institution designated by the government.

But sometimes it may go the other way too, bitcoin is an risky investment to make as we cannot be sure that price will always keep on rising in future, it may fall to extreme level too.

On the long range, there is gold coins, most obviously.

In a midrange, stick with money bills.

For the adventure right now, go for Bitcoin. It's future is still uncharted territory.

Yes Bitcoin is a good investment  since it has a great future and it is called the future of currency. Meanwhile, prices are expected to go high in 2017.

Well, yes it is because if the price goes up then it is like you put your money in the bank.  It grows just like having an interest.  But of course, there is a risk.  If the price goes down and so your money.  Maybe you could keep some and invest or trade soke of your bitcoins. 

No, bitcoin is not a good way to store your money because its price is far from stable. A good way to store money should have very stable price like gold or some national fiat currencies.

I think any BTC bought under $600 is good storage. Sure there will be fluctuations but BTC has been proven resilient through the time of its life, and with possibility of a great increase in price then it's a plus. Way better than storing it in banks

Even at the current price Bitcoin is a good buy. But it also depends on whether or not you are planning to use it as a long term investment. If that's the case, then definitely buy some today, and keep the coins untouched for at least a year. That's the absolute minimum I see as a long term investment.

I think yes, bitcoins can be used as storage if you are fine with fluctuating price and one thing is certainly guaranteed that you will make profit when you store your cash in form of bitcoins because even if the price is low today then tomorrow it will be really high. You must be ready to withstand  possible down side fluctuations in short time.

I like taking risks when I am holding my money into bitcoins. I too agree that there are chances of it dropping in value, but the chances of gaining is also there, and definitely with more chances than dropping as per considering the current trend, there is so much opportunity for bitcoin to grow in value even more.

With bitcoin you can never be certain what the price will be, but that is not too much important since the ultimate goal is to use it. By using it you need to sore it and since it is on a device it may not be the perfect way to store it on a device. Since electronic devices can break which will leave you with quite some money loss.

yes that is a fact it is more better to store bitcoin instead of keeping money in banks. in bitcoin your money is more safe and the second good reason is that bitcoin can give you a good profit because the price of bitcoin is still very low and it can increase and reach to  1200 USD very soon.

Only the people who can take the pressure of fluctuation should store their money in bitcoin because the price of bitcoin is never stable, sometimes it grows and sometimes it drops so if someone thinks he would panic too much if he see it dropping then he should probably not store his money in bitcoin.

I think he wanted to say that any exchanger that will exchange your cash to bitcoins will take some 2-5% fees and same while selling so if someone wants to use bitcoins as a quick wallet that they withdraw money next day then they might not be good with bitcoins as storage while if someone wants to store for a bit longer then bitcoins is awesome for storage.

yes it is a fact i think there are too good reason for that the 1st is that it is too safe to save money here and the second is that it will give you a good profit in the end.

Not only at under $600 but at any price you buy bitcoin you will be at profit because as the time passes the technology of bitcoin gains more strength and people having bitcoin stored will gain more value with the passage of time, so buy and don't care for the price it will definitely increase in the coming future.

I think that into consideration a lot of people to save their money or invest is due to fluctuations that exist in bitcoin too quickly and it would be very risky for you

Bitcoin is better ot is stronger and is an investment in itself. Bitcoin will go up in value much faster then any fiat currency or any precious metal. Gold PR silver cannot keep up and having an investment in bitcoin investments is like w double investment.

not to mention bitcoin price can go down aswell so investing in bitcoin isn't really that good as it still has risk specially if the user don't know how to secure their wallet 100%

I do both. If I need to purchase something and a seller only accepts BTC, I will exchange it. Most of the time, I do not expect any sort of big investments as I would with alt-coins

People should not really worry with the price fluctuations and ups and downs because the price will settle to the same value after a bit of ups and downs, so even if its low today then it will come down to normal price soon and the benefit is that you can always sell on high price and wait when the price is low.

Investing is completely a new discussion while using bitcoins as a wallet for storing money is something else. Though I think storing is good, but I think you should rather than invest with bitcoins as btc-facebook said because with investing you are storing bitcoins while you grow growing them too.

Besides securing the wallet as you mentioned if bitcoin grows faster then other fiat currencies or precious metals like gold etc then it also drops its price more than them, so if you buy gold right now you have more confidence that its price wont drop drastically when bitcoin does not give any guarantee for that still.

Bitcoin is a very good instrument to invest in but not good for storing money. I mean, it is not recommended to change all your fiat money in to bitcoin and store it. The price of bitcoin is not stable. It can increase and it can decrease as well.

A nominal percentage of your monthly income can be invested in to bitcoin, but don't go for any such amount which you can't afford to loose. So play safe!

bitcoin is not an option to store money you really need because it is so risky and prices are not stable at all. but if you want to invest with some money above your needs then you may take the risk

I find it a little bit risky, because you really have to trust yourself with the money and not spend it easily on the internet 8)

Yes, I totally agree with you that storing money in bitcoin is better than keeping it in the bank. Not only it’s a way to save your money in some place but also is a great chance to gain some profit and when bitcoin’s price keeps rising sky high then I can assure you that profit you make isn’t a small amount of money if you’re patient.

Bitcoins, I think are a good way to store money as long as you are storing them for long time, because in coming time the price of bitcoins will take a high jump and cross the 1000 USD mark very quickly.