Bitcoin Forum

Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work? I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?

I am familiar with the challenge, but never took it, so I'll comment only on your last sentence.

You're either saving in Bitcoin or saving to risk the opportunity of selling Bitcoins at a good price for fiat (which isn't really saving Bitcoin...). So if you're saving Bitcoin, volatility is irrelevant. Why isn't volatility a concern when saving fiat? After all, your fiat will be worth less in the future... :D

What I'm trying to say is that you should save Bitcoin for the sake of saving Bitcoin and having more Bitcoins, nothing else.

BTW, you'll probably find this (https://bitcointalk.org/index.php?topic=345065.0) thread interesting. Not sure if there are more threads on the subject.

Never try this challenge but I can say this, bitcoin will drop down not for much, and after that will raise up. So you can save some bitcoin and fiat money now and when the time is right you will buy in a low price, you will see the price and then you will sell high ;)

Not heard of this challenge but I am just about to google it.  I would say yes go ahead and use bitcoin, it will prove a lot more fun to see your savings fluctuate and you could be looking at a large some at the end.

I don't think the biggest issue is the currency you hold it in. Both fiat and BTC are (in my opinion) equally good options for saving but I personally don't see saving as the best option. I'd rather consider investing. Of course bitcoin can be considered as one even if you save them so that's probably a good option.

If you're simply looking for something that holds value, gold could be a considerable option aswell.

I've never heard about the challenge, but about the saving, what I do is to save 20% of all my BTC earnings through ICO investment and signature campaign, it is growing and I'm happy about the result so far

Im familiar with the 52 week challenge since i do use it on my binary and forex trading on which i follow and list the amount i have started and computing the profits on a particular week and should make compounding until it increases as the weeks passed.Its somehow difficult but you would really be challenge since you would not spend the money that you are earning.

Well you are practically asking if the bitcoin price will go up, down or will remainstable. We can't know, but it's definitely worth the risk. Just keep on buying bitcoin every month at whatever cost. This dollar cost averaging technique works really good with bitcoin. Everytime bitconi has crashed hard, sooner or later the price has recovered at an higher price than the previous pre-bubble price, so it's always growing.

Bitcoin has a better chance of going up than any other currency or commodity.  Halving, ETF's, more atms......

I think is a nice way to start saving for your future or for the project on your own. I think you can set your saving in bitcoin on autopilot, and not touch it during your challenge.

Good luck :)

I do not know this challenge at all, and your description does not show very much about it. Could you please explain me further about it :) ? Anyway, from what I understoof, this seem to be something intersting, and maybe I will dive in it too !

Bitcoin is very volatile and the price fluctuates a lot. Since it's impossible to predict the exact price, when it's going to go up or when it's going to fall, you are better off saving in fiat where you will be risking nothing. But if you truly believe in bitcoin, you should go for saving in bitcoins.  :)

i have never heard of the 52 week saving challenge, but it sounds (without doing the math) that by the 52nd week there would be one big deposit. :)

I don't know this challenge, but I can say you with sure you will have more money if you store it in bitcoins. Fiat is losing price all the time, especially if you live in a third world country, the best option of savings is to let it growing in bitcoins.
If you can sell and buy bitcoins in the right time, the profit after the challenge you are saying can be higher. Money in fiat become worthless even more.

The thing is you have to find a way to justify buying at a certain price point.  Usually it is better to buy at with small amounts more frequently to avoid missing huge price spikes or huge dumps, but I find that steadily buying and accumulating an asset works best. 

You also have to consider the importance of setting a future date where you will begin to consider to use your coins.  So I personally believe it would be better to get a paper wallet to keep sending your coins too over time and tell your self that you will not be able to open that wallet until 'X' amount of time has passed.

I will just want to say that go for it earn from signature campaign If your earning in campaign is like in yobit then you can finisg that challenge. Don't trade and don't sell your bitcoin because in december or January 2018 the butcoin will pump again so I think you can finish that challenge by doing signature campaign only. I wish the best for you mate.

What 1$ in fiat was worth exactly one year before is now just 1$ worth.
What 1$ worth of bitcoin one year before now worth 2$+ so better to save in bitcoin. Price trend is upward for bitcoin if you look at trading chart with monthly candles so you can be quite sure that in 52 weeks+ your bitcoin will worth more.

52 week challenge? It is what we are already doing right? 99% of the people in this forum are only buying, holding and waiting for Bitcoin to reach $1m so we can all be rich. Why not start a Bitcoin price to $1m challenge. You save all the Bitcoins you get and you will not touch them until the price reaches $1m. 

If the challenge is similar to that mentioned by above mate, not to touch the bitcoin till the price reaches $1m none would select this challenge. Bitcoin has the potential to grow but $1m is something like a dream, so everyone needs to hold on. None gets the access to use it forever.

I'm surprised to see so many posts from people saying "i've never heard of this thing before"...then I scroll down and see their signature and I'm no longer surprised.

Here's my advice for you - GREAT IDEA TO SAVE MONEY! I mean, if it takes a gimmick like this, go for it! Since the price of bitcoin can be so volatile I'd try to even out your savings payments a bit, so you're not buying in low during the early weeks (when the gimmick says to only put in $1 or $5 in a week) and high in the later weeks.

If you save $25 a week you'll save roughly the same amount of money and you'll be able to get a more even distribution of your investment in bitcoin across another year which I'm sure will have many ups and downs in price.

As for the payments, you can do the fiat equivalent in bitcoin or up the amount to something that suits your budget.

Good luck to you!

Thissa bit off topic, but I wont y'all ta know thet I read thru this whole thread an' I fully agree witchu.  Ain' nobody read nonna the stuff that's written here.  They jist awritin' fo they signature campaigns.  They so stupit, they prolly sittin' in they basements makin' baloon animals out they left ova party favor box.  Dirty feet an' all.

OK, I'll acheck this thang out.  Don't seem like y'all need a gotdamn computer sience degree ta' know you need ta save money.  Y'all like a buncha special ed 3rd graders up in here.

Even i din't come up with this challenge but for coming to saving both are good for saving, but there is a slight difference in it when you save in fiat always the currency is same but coming to bitcoin it might vary from month to month. Even i am planning to give a try in both currency which will give much profit in long run, but most you will make profit with bitcoin when compared to fiat.

I never try this challenge tho I want to share my opinion..

So for me, better use the bitcoin on saving because your fiat money is not increasing but in bitcoin once you convert it to what every currency the value changes, just make a right timing on it.

I have never heard about this challenge. But about saving bitcoin or fiat currency , in my opinion save your savings 50 percent in bitcoin and 50 percent in fiat currency because nobody knows whats going to happen tomorrow. Saving bitcoin is just like you are doing gambling. ofcourse it has got the potential to go beyond 2000 dollars by the end of this year, but still there are many things you should consider. If any government immediately bans buying and selling of digital currency it will affect its price. Or if any hackers create a program and do some hacking activity, immediately the price of bitcoin will drop leaving people's trust in bitcoin to fade. ofcourse nothing like that will happen but  should be prepared to face any situation , if decided to have savings in bitcoin. So for a safe side have your savings 50 percent in bitcoin and 50 percent in fiat

Why not? Bitcoin is worth a try. It can give you much profit when it pumps. This will be your investment. The price is very volatile but its worth the money you have put into it. The price will drop but it can still recover overtime. Bitcoin have strong foundation. Thats why it has ability to recover quickly. Bitcoin is worth a try. Im telling you that.

My company offers to buy company stock with money from my salary, for example 100€/month (then it adds about 75€ to that). It's a good way to ride the up and downs. I'm not doing it that way though, so far I put in big checks when I think is the right time. But I'm not always right.

I've heard of the challenge and I did it for about a month. I am not really a person who saves that much money so I had to quit after a small amount of time.

I think if you are decent at saving money, then it is probably better to do the challenge with Bitcoin because it will definitely work and you would be saving even more money because of the fluctuating price of Bitcoin.

If you earn about the same money every month (or week) then I don't think the challenge makes much sense.

Having a year goal and a plan to get there is good, but starting with a low sum the first week and 52 times more in the last week makes no sense and isn't good financial practice.

It is a quite good idea , There will be a thrill if you save your money like that. You keep multiplying the daily savings in 1 year.
In the last month of the year you will surely have trouble some in saving on a week. The price is growing larger each month.  Actually Ive done it last year and the saving is finally done.

Regards this challenge, I think you would generate more savings if you take on bitcoins in the long run and assuming the growth in price will remain. For example, if you deposit $10 per week as savings that $10 would appreciate in the long run with bitcoins. Unlike if it was fiat, $10 would still be $10 in the long run.

I think that's a good idea,saving bitcoin.As you start your earnings even just a small amount if you manage to save it,then as your savings will become double and eventually you earned more than what you expected,we can never tell that when time comes that the exchange of bitcoin will rise over fiat then your absolutely right with your decision of saving it.

Now , saving bitcoin was always a best option as the prices keep increase.
But yes now people will tell it decreases as well. Thats true.
But the prices will some day increase and then when you guys feel like the current conversion amount is the best then you can just convert you BTC into USD$.
So yeah . And i dont think most of the people know about the 52 week challenge
I am one of them. ;D

Never heard about it. but I myself usually save my money on my own "bank"

well, if you want to save in bitcoin or fiat, I will say it depends on your needs. bitcoin price always changes, so if you want to save in a long period of time, it will be good to save bitcoin.

Yeah, it's good to invest into bitcoin as its prices increase everyday, though it has some big dips it still comes back to where it was or even higher. The only problem I see in investing and saving bitcoins is that if the prices continuously increase and you are relying on fiat to fund your bitcoin savings, then the amount of bitcoins you save will decrease over time.

there is never a perfect way to save up money, and bitcoin is money. i have checked so many methods of saving and investing, in the end it will all come down to your preference and you are forced to come up with a method that suits your lifestyle and earning.
just invest what you don't need and you will be fine.

Are there any legit services that payout interest on btc savings the way a bank account would?

I used to know of at least one but they shut down awhile ago.

Still it would be nice to compound interest on top of any price gains btc made.

 :)

No there are no any legit service which pay interest but you can take margin lending features some trading platform as opportunity to earn some interest lending your bitcoin passively. But it also have little bit of risk of loss...

Price of bitcoin can fluctuate rapidly so on average you may get less amount in fiat than what you have deposited in total, if you save bitcoin weekly. But there is also chance that you may get more like even 1.5x of what you have deposited in terms of fiat on end. So if you can take risk of getting less than its better to take risk by saving in bitcoin to get more in end.

Bitcoin price have a lot of volatility so better to consider it when making savings if you are only saving for short period.

I do about 1 to 1-5BTC savings per month.
In total I have about 9BTC now.
My goal is to reach 30BTC by end of the year.

I think there is no site like it, because throughout my trip as it was always close the site on their way. And makes the losses suffered by users of their gauze. So my advice better keep your own bitcoin in your bitcoin wallet. With it if bitcoin prices rise, the value of your bitcoin will rise as well. Thank you

I have done this challenge but was not able to finish it. In the end months, the value you are saving is too high that my salary cannot keep up with the amount. It is good if you can finish this challenge. You can do it in fiat, and if  you see some dips in the price of bitcoin, you can use your savings to buy some. I think it is a better strategy because bitcoin appreciates in value. If you keep your savings in fiat, it will just depreciate.

I am familiar with this challenge, it is a bit awesome if you get it until the end and reach big enough money,
So since the value of you saving weekly is increasing, so I recommend to save it on bitcoin value.

Also because for sure next year its value will increase more than what it is now though we are experiencing the high and low price or value of it, but it is not worry much because it will be back in the middle of the year (increasing pattern) since we are growing users.

Its obvious that we can seen high movement in bitcoin since yeah we are growing users and growing adoption more merchant are accepting bitcoin as payment and many company are now also are using bitcoin.. for their business..

If you can, you should definetely try. Saving is great investment for the future and on the long term basis you should make the nice profit. And it's definetely a chalenge because saving is not so easy as it seems at first. And if you don't have source of Bitcoin and you are buying the coins, it could be even harder.

Buy Bitcoins is a good source of Bitcoins anyway. It's a nice way to increase the money value after some time, when the BTC price increases. If OP has money to invest in Bitcoins it can be better than work on something to earn pennies of Bitcoins. Save money is always good, but it won't give much money fast. If we are talking about Bitcoins the best to do for profit is to trade safe, that is better with BTCs than another currencies.

If you want to spent bitcoins it's pretty easy, just go to purse.io. Other than that, I can't find any other places where it would make sense to spend bitcoin. It's better to just hold them long term, don't waste your digital gold in crap that you can buy for inflated dollars.

I turned the 52 week challenge on their head, when I did it. I started week 1 with $52 and then week 2 with $51 ....... Why? Well, I got

more motivated to do this, when I saw bigger amounts in the beginning. The $1 ...step up $2 ....thing, did not work with me. I know the

traditional way, was developed to slowly get people into the saving habit, but I do not have that problem. Looking at this thread, I might

do the same with Bitcoin. { I usually buy low & sell high... but this looks fun. }  ;D

You know I was being sarcastic right? I believe English is not your first language since you missed it entirely. I was merely trying to point out what is the use of the 52 week challenge if over 90% of Bitcoin holders do not do anything with it except save and hold them as if waiting for a million dollar pay out?

I am pretty familiar with that challenge and I say yes, do it man it's a good start to save because the bottom line you are doing what is needed to be successful in the future. Regardless of technique as long as you are saving it's always good, I hope you will be successful with that long journey and you will not lose hope even when crisis happens at times.

I never got around to trying this 52-week saving challenge, because I already have another saving strategy in place. Doing this might disrupt my saving routine and could lead to just making the first few weeks and abruptly ending it. With bitcoin, this could be harder to achieve because of the ever fluctuating price.

With fiat it would be quite consistent and reliable, and you'll know from the beginning what amount you will have after 52 weeks but with bitcoin, it is quite tough to predict. Maybe one week you'll buy bitcoin at $1200 and couple of weeks later it will be close to $800, so if you are actually buying bitcoin with fiat, it could go badly as well so I'd suggest you to be smart about it rather than just following the challenge rules.

Fluctuating price is the one that makes the 52 week saving plan successful. Because when you make a regular investment of the same amount for the entire time period you'll be earning good at the year end. This is profitable because assured price increase happens every year end.

From few days i am getting to hear about this challenge.
The 52 week challenge.
But i certainly believe you dont require any challenge or something if you are strong enough
or confident enough , that you can save when you want and you can use when you want.
You guys just have to make up you mind and have a firm grip over you decisions.
Thats it

well that statement is also correct, but what OP wanted is to make himself being force to achieved this savings and since he's doing it with btc for sure it will be interesting if he achieved it and then the price really value up, I'm also trying to do some challenge with myself in a little amount trying to buy btc little by little and keep it inside my wallet. good luck OP.

i've heard about this challenge, i im pretty with this and i will say yes, because this will save your bitcoin instead of using your bitcoon just save it from now and wait that bitcoin can make echange to $2000 so in that you can have now more money to share in our family and helps others people

In my point of view, you would save more if you do it in fiat.
Given the volatility, one should not be comfortable with expecting you already saved $100 but in real life it is just $98 or $75 or whatsoever.
Get my point? Because when doing a 52-week challenge, you can expect how much you've already saved. But with bitcoin, you can't have expectations because the price is changing.

I am very familiar with the challenge, you will start in the first or second week on the month of the year with the preferred amount you want to start then you will accumulate it on the 52nd week and count how much you have save well in fiat it would be very nice to try it and put your money on a piggy bank or a storage just like that and save as much amount on the end of the year, but in bitcoin I think there is a difference between fiat and bitcoin saving and in bitcoin work hard in every known possible earning scheme in bitcoin and do not take out any amount on your bitcoin wallet until it is the end of a year seems kind of great but if the value increase that would be the time you would convert it or out to the vault,

but if you would want to apply the 52 week challenge then save up your fiat and convert in to bitcoin when the specific amount have been reach, good luck with your challenge cause I don't think I can do it!

Absolutely, you can do that 52 weeks challenge by using bitcoin. You just have to save every earnings you gain in bitcoin. You should doubke it every week to pass the challenge. Signing in a campaign ads will helo you by just posting herecin our forum. Posting makes activity and activity levels your rank. If you got high rank your earning will also get up.

For all these steps we need to get place in any signature campaign and then after that we have to post good and constructive posts which is related to the quoting post. We need to complete the post counts which is maximum to get the full amount for the week. Then you save atleast half the amount after you utilized for your own expenses.

saving is always a good option infact  its the best but less people choose that option because its not doing anything its like sitting in a chair and watching a brick whole day. ofcourse thats boring and yes thats easy too, you need a lot of pacients and i will suggest better do traiding becuase if you buy a cryptocurrency which is not going your excpected price soon then you can alternativly force yourself to save move because if you take that money then you will have to pay a little fine

Yeah this is a good idea saving bitcoin for future of btc price and if you hold it while the price is low, there could be a big chance to generate high profit when the time came for btc currency price will goes higher. When the price is high, you now have the opportunity to sell your holdings depending on the amount you want and its best also if trade your bitcoin to altcoins trading.

I've just heard about this from you, saving bitcoin for a year right, how much I have to save in a week?
Well, I prefer to have savings in bitcoin than in fiat due to bitcoin price always increase over time, but still in every month my earning goes to fiat as savings too.
My intended is to have both of them as my backup just in case.

this is the first time I heard and after I google it, it seems like so difficult to done, there will be so many temptation that will keep you away from saving and within 52 weeks range it sure will be tough, and I think it is better to save with bitcoin, it sure going to double your saving when you finished your challenge and good luck for your challenge

saving is good in terms of getting ready for the future. but in case sometimes we need to spend a little for our satisfaction, we should have spoil our selves even one a month. we dont need to just save and save, saving should be fun. like just dont save by not eating any meal, or not buying our daily needs. about that 52 weeks challenge that was good. but you should be prepared in order to finish that challenge. it will be easy on the first but later it will be hard because you should double your savings week by week.

In any aspects you'll save more through bitcoin than real money . And in bitcoin you're the one who will manage your own money via wallet. And not just that the value of bitcoin is changing daily. So you may earn and save at the same time . In fact you'll save more because you are not holding bitcoin because the wallet it self holds all of your savings. I suggest to be patient and do your best . And i know it's a challenge to increase your saving weekly so you may do campaign to earn or do trading at the same time.

This 52 week challenge is popular nowadays in the Philippines because someone posted how much they saved in the span of 52 weeks using a piggy bank. However for someone who who don't earn much this 52 week challenge is going to be a real challenge because by the time you reached the last 3 months of the year, the amount you need to save is big. I'm looking for a formula that I can use in excel, so I can create my own spreadsheet with Bitcoin.

No, I haven't heard about the challenge (but I would Google it now to learn more). Yes based on personal experience, I can say saving actually works but one should also spend some of the bitcoins to contribute to the growth of the network. If one is spending fiat then buying bitcoins with it and spending it would be better option to keep cold storage out of the picture. All the best for your challange.

This 52-week challenge is an easy task at first but as the weeks wear on and the amount gets bigger and bigger, it is an extremely “challenging” thing to accomplish. I think I am better off going with another strategy as I currently don’t have a stable source of income and our expenses are somewhat piling up more and more.

yes this challenge is easy task at first but as the challenge runs by. it gets harder from time to time. but if you reach the finish and get the task finished. you will be having a great outcome. this 52 week chanllenge is good for the people who doesnt have a good income. better yet try this if you are still student. you can always adjust the price if you cant afford it.

I do this task last year and I accomplish the 52 week saving challenge , This year Im doing it again and the amount of my saving is being upgraded. I add additional money to save in order to save more in the end of the year.

that is nice. maybe you can give use your strategy on how you complete the task. we all know that the task is easy in the begginning but as the time goes on the amount is getting higher and higher. so giving advice and strategies will be good if you provide us on how we can complete it like you do.

they are talking about a strategy of saving called the 52 weeks savings plan. you can google this term and find out more about it.
i read a bit about this strategy a while back and tried it but i don't get nor like the strategy for saving money, i just save money based on how much i can get extra from my expenses, i am a lot safer that way.

its needed full determination mate in order to fulfill this and i guess that's why its making harder every week that will passed because of some things that you needed to take for granted in order to complete the challenge, i personally wanted to try this as well but after several weeks emergency things happen and i do need to use my money so still i'm not able to complete this task.

I'm not familiar with the challenge and after I looked on google maybe I'll try to challenge 52 week money although it would be hard for me every week it :D what's wrong with trying, it's also nice to save my money.

This sounds interesting. Doing a 52 week challenge would be hard to do with the economy the way it is.
And it is good to see how far you can go so it is a social experience to take part in it as well.
Is this an online one where you can post your stats and see who made more than you did during it's duration?

This is one of the best way to save our money in challenge mode, otherwise it is very difficult to save with the more we are earning. By saving money we can see some big after 52 weeks, otherwise it is not possible even at a time it is not possible for us also to get big amount. Through little by little saving we can able to make big amount.

I do savings in paytm wallet every month I use to add $20 and keep those money untouched and i also make small small profit by this forums signature campaign due to exam and other barriers i cant post all the months continuously but i make almost $20+ in a month which i post continuously.

Bitcoin saving is great especially now that people see BTC more as investment than money, but we just need to balance both side, you need to save and invest some BTC so has to growth your portfolio

i think i am familiar with the challenge and i think many members have the same experience too like you. i am thinking that for saving our bitcoin will work for every people and not just for the OP. i think its depend on how much the price of bitcoin because the higher price will make us to save in fiat, but if the price is down, then the save option is in bitcoin. but i don't think that i like to save all in by fiat or bitcoin, i'd rather to save in by fiat and bitcoin so if the price is getting down, i have fiat to buy bitcoin, and if the price is up, i can sell the bitcoin too.

Yes I'am familiar with the 52 weeks money challenge! Actually i want to try it also. I think it will be better to do it using bitcoin because its value now is constantly increasing. Maybe by the time that you are near on your 52 week, the value of your saving has doubled already. Juat be positive about bitcoin.

I dont know about the challenge.
If you want to know whether saving in fiat or bitcoin, which will yield more profits at the end of 52 weeks,Bitcoin would yield you more profits.Even though bitcoin price is highly volatile,now in the current situation,Bitcoin is performing very well.We could see that on the first week of january, most of them predicted that bitcoin price would fall to $500 again, but it didnt happen. Instead bitcoin price recovered from $750 and now its almost around $1015.

this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..

Whether it is bitcoin or anything else, saving is always important. When it comes to bitcoin the profit or the earning gained is high compared to any other asset saving. 52 week saving plan is a better one, when considered as a additional earning to make living better.

Theres really a difference regarding on saving bitcoin compared to fiat and as you mentioned bitcoins price is volatile on which it has really the possibility that your savings would grow bigger because of moving prices of bitcoin which means its really worth it to save it on longer runs. 52week challenge is saving up for a whole year.

I agree with you. My financial teacher taught me that saving money is equivalent to leaving money die. The inflation always there and it will slowly kill your money. Therefore, I always looking for an investment or other ways of making money in order to grow my Bitcoin. I have to collect more Bitcoin if I want to become rich in the future

You will save more with bitcoin and it grows unlike putting the fiat in your drawer it will not grow and will just stay in its value. But it is just harder when it is with bitcoin. The temptation is always there, you could sell anytime to be brought back to fiat or other currency which have sure value. Just like now, it grows more and more and the exchange button is just there. Maybe you could lock it up if you want nothing to do with it yet.

Never tried the challenge. It's hard to do without a regular job. IMHO though you are still better of saving in btc... and not converting it to fiat. BTC price do fluctuate but it has been on a steady climb. Even if you just saved some bits and never touched it again for a year, you'd see an increase. After you're done with the challenge you can then invest the money in other bitcoin-related stuff. Of course you might still want some traditional investments, just to spread the risk out.

Yes unless you have a regular job, it won't be much effective. Bitcoin is moving rapidly and as a user you are meant to play with the rise and fall too, not to save.
In short, the word 'saving' is not meant for bitcoin.

Never heard of this thing also, but I think that this is effective, if, you are really not going to be tempted to use your bitcoin and buy something that you wanted to buy, and to getting straight to the point, Yes, saving bitcoin is more effective to earn more money or can save more money than saving fiat. Since bitcoins price is always increasing and decreasing, but mostly this time it is increasing so, so you can earn more profit by this and convert to fiat after 52 weeks. I'm sure you can get more money that you can ever imagine than in saving fiat.

yeah i am quite agree with you i think rather than 52 week money challange or any think else saving of bitcoin for the long term always gave you profit and it will also help you in difficult situation in future when you need money desperately and if your price of bitcoin increase per week it is much better.......

More you give, more you have. I think saving is good option for people who earn a lot and they can put money on a side from time to time. I spend all my money, and I don't have enough to put something on a side.

If I decide to save one day, it will be in bitcoins or gold. That is better then saving in any some fiat currency.

It's best to save especially Bitcoin as the prices keep going up on a daily basis; its currently th best investment/trade out there in the cryptocurrency world so I would admonish you to rather save up Bitcoins now because I suspect it to skyrocket by December.

Yeah bitcoin saving is good and great opportunity is waiting for the future, because holding bitcoin is profitable when price becomes higher in the economic movement of digital currency market. Eventhough you're in a hardest moment of decisions with your investments, you are capable with btc earning good profit along with the movement of its price.

I am putting aside money every week and buy bitcoin with that each week.

Best way to safe up money.

I'm familiar with the challenge & I think it's a good idea. In my opinion based on bitcoin's performance over the last 12 months or so you'd save more by doing the challenge with bitcoin.

Good luck.

I already decided for myself to put 20% of my monthly bitcoin earnings on the side. it is not some huge money to me, but in the case if bitcoin will rise to 5000$ I will get very good money from it. and as i heard some experts promissed the price for bitcoin in the value of 10000$!

In any aspects, saving money, time is so important in our life. Also with bitcoin, if you will save every week at least 10%of your bitcoin earnings then it would be a great investment for us and an opportunity to increase our bitcoin as well as investments.
I didn't have the chance to think of it, but, it is a great idea. Let me try this and see result at the end of the year. Hoping I can make it.

My friends have been doing the 52-week challenge since a while now. Not in bitcoin but in fiat.
I think it would be more difficult when you do it in bitcoin because it is easier to earn in fiat than in bitcoin. Everyone knows that.
I can't imagine where should I get that big money when I'm in the last weeks. Maybe I can do it if I start very low.

I never heard of it, does 52 weeks money challenge have a link? can you send it here? anyway, regarding about your question. yeah! it is the right time for you or us to save bitcoin, because I really sense that before end of this year 2017 it will goes up from 1500$-2000$ or more. Because the demand of the of the investors are so hot in bitcoin. That's all I can say.

Even without the 52 weeks challenge anyone who don't wants to get broke should by default learn how to save in time of surplus. But saving in the case of bitcoin could either turn out to be the best decision or just be the worst decision and the reasion is just the majority, sees it as a commodity which can be traded therefore having effect on its price which swings at will. For me, I will want to save in a more stable currency.

I think I've heard this before, but I never tried this one. But I guess you can save enough bitcoin even just for a week if you are not going to spend any of it and depends also on your earnings per day. If you are really dedicated to save enough bitcoin, then not spending your bitcoins in 52 weeks would turn out a lot of bitcoin, and yes, saving bitcoin will work because its price is more higher than fiat.



Saving bitcoin will do actually. Bitcoins is more convenient to save rather than fiat because you can have more profit form it than saving fiat because fiats price is constant and not that big like bitcoins.

Just search on google and you will get your answer, the explanation there is saving on money and not in bitcoin. However, I guess if we save bitcoin, it can give us double interest income as the value grows overtime, putting your money in the bank doing the challenge will only give us a little percentage of interest. If you haven't started savings yet, you need to do it now, doesn't matter what method you follow as long as you can do it.

52 cards of gambling, 52 weeks equals one year, do you really think it's all you, doing the earnings, doing the savings? trust in the one who has provided for you and for every living creature and try to grow your savings by throwing some dice and you might get lucky this time.

Statement above is my greed and my demon talking in my head with my voice every time I decide to save some bitcoins :(.

In my opinion, I would rather go in 50% in savings and 50% investment, this method for me was quite good. Why I said it? because if we are going to put our money in savings, time will be wasted, instead the investment is rolling up to be profitable it not gonna happen, though saving it is not bad, only the point is we are applying the motto of time is Gold. at least in this thing we save 50% of saving and the rest 50% is rolling the investment to profit. everything is in balance, if we do this things.

Saving of bitcoin is not too difficult as fiats'. We doesn't need to fear of taxes which will be there for the fiat we save. Also fiat has a stable price which doesn't give big profit even after saving 52weeks or more. With bitcoin the varying price gives the 52weeks profit from fiat even in 26 weeks time. Its us to make a plan and do accordingly.

yes that is a good decision. investing all your assets is not a good decision, you must keep some of your money in hands, because no one know about the future and if you suddenly feel desperate need for money then you must have some in hand as may be no one may lend you money at that time even bank may also refuse to give you loan. investing all your money in one business is also risky.

Saving isn't as much a waste if time as one might think and just because I believe in bitcoin's current inflation resistance and that I believe in a rise in value in coming years, I'm saving perhaps 90% of any btc I earn. The remaining 10% invested isn't doing too badly either.

I prefer saving 100% of the Bitcoin I earn. I am not buying anything because I expect a price ten times higher than what it is right now. Of course, events will slow down this process a lot but in the future we will see a high one because more and more people will need Bitcoin.

I'm very familiar with the 52 weeks challenge and currently doing it with the dollar. I think it might be possible for you but the feeling wont be the same. Bitcoin is a digital currency unlike the dollar which I can put in my piggy bank.

yes its possible to make savings with bitcoin as it allows us to keep our money untouched because not all store and website and other money investing institues accept bitcoin. we have only limited areas where we can spend bitcon so it act as a saving service for future and the best part is that we can get more value in future as compared to present rate.

Currently im saving all my earnings in my bitcoin wallet and im now on my 4th week. i prefer btc than fiat because the price is flactuating and it can increase especially now.

It is really fluctuating big time and the value of bitcoin to dollar is $1038.41 as we speak yesterday is goes on a whopping $1052 dollar it is really a very good investment right now but the thing is if you just change your bitcoin when it is just a mere $900 then it is your loss the value right now is unpredictable I thought it would go down but it is still fighting to goes up!

I accept it. Bitcoin savings will help us for sure due to potential and price value. To have a comparison, bitcoin is similar to gold. If we invest and save today then it will make big amount in future. I suggest to save your bitcoin in desktop wallet for the security purposes.

Well, gold now is very stable compared to bitcoins. Bitcoins are really super volatile and you can't really rely on it's potential price. It could drop in time or in the inverse it could suddenly sky rocket and lift off to the moon and not fall back to where it is now. It can't really be savings as it is too volatile. Savings means that it is stable and you know the price of it at any given time.

We both have same instinct when it comes to saving bitcoin, as long as I wanted to have as many coins as I have, but for now I can't really help myself but to withdraw sometimes especially when I need it most.
Realizing that if you want something you have to know how to control yourself.

There is no problem with withdrawing your coins, that is one good part of it. Using it as money does good stuff also, it makes the circulation of bitcoin and somehow it also creates a fluctuation.

That is the one thing I loved about bitcoin aside from making us anonymous and helping secure our transaction. Dont regret spending it.

This is the most popular question among btc learners but easiest to answer for btc users and enthusiasts. Obviously, Bitcoin! Next aspect comes why?? The volatility of Bitcoin can easily satisfy this question. Due to huge deviations in btc price chart over time, it is most profitable asset.
Bitcoin is best performing asset of last two years
All one need is courageous heart! Also everyone gets a single life, better fill it with risks and thrills to get complete enrichment :D

Oh my, yah, saving in bitcoin could turn out to the best decision or just the worst one. Especially now that it totally increases continuously. The OP’s 52 weeks challenge is good if he try to do it to bitcoin I guess, he will get awesome amount then next year.

 :)I've never heard about the challenge, but about the saving, what I do is to save 20% of all my BTC earnings through ICO investment and signature campaign, it is growing and I'm happy about the result so far

Since you are just a newbie then its just fine and this challenge is actually famous not only on online world but on real life experiences or situation you could really hear about this challenge which do really focus on saving up money or any other thing which is valuable 52weeks considered as 1 year.I do try to accept this challenge but its really hard specially when you are an active spender.

I am a dynamic person, so I do not want a small profit margin for a long time, saving bitcoin is not a wise thing for a variable currency like bitcoin. You can earn a small amount of money in a short period of time if you are a trader, you do not have to wait for such a long period of time for only a small margin of savings. I like to challenge, so I'm a trader, I trade it everyday and make money from it, of course, you can not always win, but you can make a lot of money in a short time, that's for sure. In addition, you can earn a steady income by participating in signature campaigns on this forum, which is a great income.

Long term investors are those who had the time and money when the price was really low and for people who had the opportunity to enter the bitcoin space when the price was really low,the risk factor is really low and they could have the leverage to do what ever they want with their investment and even with the current price the speculation is that the price would triple from the current value and it is a possibility.

I've implemented a Bitcoin system with the help of block.io on my marketplace for Nootropics, NootropicPlace.com.

Was able to set it up, relatively easily, so that everyone who registers is generated their own store Bitcoin address. Funds can be sent to this Bitcoin address to fund their wallet. Also, orders can be placed, and withdraws made from their wallet and its all done automatically!

After seeing how wonderful a system Bitcoin is, I am a true believer. What an amazing technology!

Back in 2012 when the price of BTC was ridiculously low, I was hoping to have the money to buy as much as possible because I was 'predicting' the future possibilities. So, I had a single BTC on my wallet. Last December I got a small inheritance of about 20K and I spend ALL of it on BTC on the price of $900-1000. After selling all my fortune at $1200, now I hope for $800 future price to re-enter the game. After that I won't sell ever again and stay a HODLER!

You can save with any currency, and implement any saving system with bitcoins. Only thing you need to worry is income, do you make enough to save with some system. Sometimes is good to save I guess, if you don`t have big needs, or you can control them then why not, put bitcoins on a side and watch the value grows.

What if the price doesn't drops to $800? what will you do?
 i have been holding/saving/buying from 2013, i don't have huge stash and probably won't because price increased to higher levels lol. if price could drop below $800 i could also accumulate few more coins before it moons. ;D

The amount that someone could make if they learn to hold onto a Currency or Bitcoin is pretty cool. The number of coins and fiat goes up over time even if it seems like only a few dollars are put into their savings each day/week.
There's plenty of stories where guys quit drinking coffee each day and after a month they realized that they have collected a whole bunch of money and used it for a mortgage payment or to pay bills.

The only thing that is able to bring the price down that much, is when the panic around the potential hard fork becomes more intense. If the hard fork really takes place, then you'll get to see the price fall far below the $800 level. But that's nothing more than empty speculation. If people are really planning to make a long term investment, they don't have to wait for the price to drop. Right now is also a good opportunity.

Buying bitcoin lower 1000 dollars is already the best solution to start saving over bitcoin, but yes the split is letting bitcoin a bit unstable, but well the potencial keeps with bitcoin, with that said if you have some funds at the bank give a try at bitcoin, you will be able to see a huge diference from your banks savings as well bitcoin savings.

reading the comments it does sound like an intresting one, i might take a crack at it this year

Yes but there is an advantage when you used to save on bitcoin. We all know that its price and value increases faster than fiat And we can convert bitcoin in easy way through a wallet with converter where you can manage how you will going to convert your bitcoin. And in my opinion bitcoin future is yet to develop so when someone chooses bitcoin on there saving there is a high probability that it will grow.

Take the challenge, save in Bitcoins, but never hesitate to sell when you see a pump in the rates. Because eventually the price will again drop and buy Bitcoins for the amount for which you have sold.
I have done this personally and it's like my savings are making it's own savings..   ;D

I think bitcoin saving is a good one than too save money in a bank because bitcoin can be double your money once you hold it in long term. And bitcoin are so nice one for long investing or in short investment, i have money in bank its almost 1 year now the interest i get very small amount. Here in bitcoin in a week my profits now is 20% in my bitcoin.

"Stable" is a very relative term...and offers of false sense of security when discussed within the context of fiat currency. Fiat currencies have inflation. So the stable currency you keep your wealth in isn't just holding value, it's losing value every single day. However with bitcoin, while a lot more volatile, there's a confidence to be gained in knowing that no government is behind the scenes and that inflation is a very scarce thing.

Btw, the 52 week challenge is a gimmick for people that can't save. If you care about your future, stop bitching and just save a fair portion of what you earn. Yourself in 20 years will thank you.

Yeah these days bitcoin saving is good for a better future rather than saving it in the form of fiat. More and more of​the projects are getting into existence based on the blockchain technology, so without doubt the savings​ of today will be benefited.

Yup ive tried saving some of my bitcoins for 12 months which is equivalent to 1 year although my BTC is not that big but the results are good.
In that 12 months my btc started growing little by little and when it reached $1100 ive converted it to my fiat currency :)

Interesting. You've got patience.
I didn't do that but I have no regrets. It is like saving bitcoin is not in my vocabulary before. Trust is an issue those days. I always panic whenever I see it go down.
But now is different, I want to preserve it seeing there is a lot of room for bitcoin to rise again.

I think you should try out 52 week money challenge with fiat. This way you can ensure that you are saving some definite amount. Bitcoin is volatile and will not serve this purpose. And I would say the 52week money challenge is very effective ONLY if you have cultivated a mentality for saving money to begin with. I started saving by putting away 10% of every paycheck from my first job.

To do this I convinced myself that the money I was saved was being paid to a corporation (myself Inc I like to say). This is the same way someone would  pay their rent/cellphone bills. This simple trick helps you understand that paying yourself first is important, easy to do, and eliminates the need for you to dip into your savings because have I'm sure no one has ever heard of a corporation giving you back your bill money?!

I used the 52 week challenge to take my saving to the next level by saving the amount 6 times over every week. So you start out by saving 6 dollars the first week and about 312 the last. If you do the math you will see that it comes out to a lot of money at the end of the year. Also, it forces you to think of how to can tweak your budget to allow for paying yourself more. Once you do this you can recognize the things in your life which you don't necessarily need but impulsively spend money on.

I hope all that made sense

I believe saving with bitcoin will work in that 52 week challenge.  Forget about saving fiat currency since it is destined to depreciate.  With Bitcoin there is an option for you to appreciate or even double in figure if it performs well in the market.  Even with this blocksize debate, peopel will get used to it and eventually focus on the good thing of Bitcoin.

Yeah and bitcoin saving is always good as the value of bitcoin keeps in increasing over a period of time so if we save good amount of bitcoins then in future it can give us best results as everyone is hoping to see much higher price of bitcoins in future.

Whatever bitcoins I am earning I save them for future as it will hold more value in future and whenever I get paid from my day job I put a small part of it in buying bitcoins which also helps me in growing my coins on regular basis as its better to save money in bitcoins instead of saving in fiat.

That's the right thing to do, if there is a reasoning to you trying to build up your stack of cash then purchasing Bitcoin is right too.
A little bit of money builds the stack up without much thinking to it. Whenever there is an emergency, the stack of cash could get brought up and many things could get paid from it. Having the emergency stash in Bitcoin is risky if the person building it doesn't know what he's doing.

Well that is a good strategy to follow as you are helping yourself by saving bitcoin for future and it will also secure your future as bitcoin price will be too high in coming years so if you sell your coins at that time then you can make more money from it.

Saving bitcoin for future is a good habit as price of bitcoin will skyrocket in future so if you have saved large volume of coins then it will surely give you some good profits in future and if have not saved yet then start saving now.

This will b3 a good challenge for all bitckin enthusiastd and users.It will help make a blow and invcrease goku's power

I agree one of the unique characteristic of Bitcoin is its deflationary nature.  With finite number of coins to be mined and lost private keys with growing market.  Bitcoin will definitely increase in value and price value.  With this being clearly seen, it is really advisable to save Bitcoin for the future.

Saving fiat is only a necessity in terms of having money aside for when you need it. That's why you can't just discard saving fiat because its value is becoming lower overtime. Other than that, Bitcoin is a great investment, but directly also a great hedge at the same time. From there it will be an easy choice for Bitcoiners to save a large portion of their coins for the long term. Holding/saving requires zero effort.

This is a good challenge but too bad I didn't started my new year with this 52 weeks money challenge. But to apply this saving with bitcoin, it's only applicable for those people that has a lot of source of income but for small time, this is going to be hard. While you are going to do this challenge with bitcoin, you are more of investing and saving which is good.

You are definitely right mate. As you said bitcoin coins are finite : ''With finite number of coins to be mined and lost private keys with growing market".
Exactly, In result bitcoin price will increase more in next few years. so saving bitcoin is one of most great investement for now. you can earn a lot of money in few years. Like peoples when they saved bitcoin from 2009 to the end of 2017. They get a big profit.

Yes, as its suplly get shortened and its demand gets higher, that would give huge money for its holders. That is very similar in trading with crypto currency. As long as there are so much buy orders, and sell order is less, expect that coin to increase simultaneously.

bitcoin patient remains in the store because it will surely yield great results and beneficial if you want to save any income that you can. certainly benefit will be double if prices rise

How all the markets work in this work are based on a demand and supply the less supply there is the higher its price gets, and that applies exactly to the bitcoin marketif people start saving and not spending their bitcoin the demand will grow large and that will make the price  go up, but the problem is that there are big whales who poses a large amount of bitcoin and if they don’t save they affect the price in a large way.

after the feast later I will choose to take on the challenge as a refresher for me later on and therefore money-saving lifestyle segai nati fore.
I think saving with bitcoin will get satisfactory results? actually i have tried with a new challenge.

Yes, it will be effective, only if you are not going to convert your bitcoin into fiat because you need. Saving bitcoin is the best idea so far rather than spending it on to something that is not worth bitcoin to be spend for, like in gambling, many people are addicted to it because they want to earn bitcoin in an easy way, but the truth is just they are losing their bitcoin instead of earning.

That is why, it would be nice if we are going to save our bitcoin not just for 52 weeks but for a lifetime, because it is a long term investment where you could earn profits in the long run.

Yes sure just try it, as long as you are able to earn it. Lot of determination and patience are needed in order for you to obtain it. A bigger amount of money will be save if you are successful to it. You need to be wise in all your transactions to save money. Do it as long as you can. You can do it, just think that you will have save money when the year ends.

I heard of that also and it can also be applied when you are saving bitcoin but it doubles the risk because it's not saving alone but the main purpose is investing. The value of bitcoin overtime may rise and fall and you will only get what you expected if the price will continue to increase.
Everyone is hoping for a greater return but we are not all discipline to save but this method is good if we will only be able to execute it accordingly.

That is what I'm doing now too, it went viral on the internet before the year ended. I think I'm failing because I've already get what I have kept that went through my expenses but I'm still confident to continue it, I will get back when I sell my coins soon because I'm saving on the fiat form.

Just wait for a little dump now and trade in again to bitcoin, i feel that bitcoin value will go higher soon it was like last year big dump happened and more users do panic selling and they do not save again to bitcoin but before year end the bitcoin value boost its price. That is why i have amount retained in bitcoin as my investment and fiat to buy if dump comes.

As said it needs to have more patience. The price of bitcoin varies with regards to time, so have a fixed number in terms of fiat. Whether the price increases or decreases you need to spend particular amount of fiat every month to save bitcoin with it. This will make your savings with the week plan a successful one.

At the moment there is some issues that make bitcoin a bit unstable to even consider think to save at bitcoin while this issue of possible split ends, because looks like this will really affect bitcoin. I am now considering to invest into some other altcoin while this question isnt over yet.

In long term perspective you never need to worry about current situations of bitcoin, you can ignore them and you can concentrate on saving more bitcoins. Because neither of hard fork or soft fork will not impact bitcoin prices in long term, as this community will find solution after some period of time and hence we can expect prices to continue its rally.

It may seem other investments are profitable right now. But I believe they are only for time being and you never could expect long term good returns from them. But, bitcoin will always ensure good returns in longer haul.

yeah saving bitcoin is very much profitable for the future of bitcoin because bitcoin increasing its price more by more and its very profitable way to grow up your bitcoin and make a big profit from bitcoin.

to me i like long term investment, as long term investment is a safe investment as there are very little chances to lose money, while in short term investment there are always chances to lose your money in shot term investment and specially if you do not have any experience in short term investment.

As safe as it seems to just save bitcoin and forgot about it for a while until you come back and reclaim your profit from it, but ignoring the fact that right now and in the current situation and the problems that the bitcoin is facing the price may change constantly so you may have to keep an eye on the market and pick the right time to sell otherwise you will be waiting for ever.

Saving bitcoin for long haul had become possible for some people who had forgot it completely. Those who are keeping on checking about the price levels might had taken improper decisions out of curiosity.

I never tried this challenge, but in me I save bitcoins for a percent only not all of money. I still would choose to save into fiat as this could not go into regret later. Bitcoin is volatile price its a risks to save your money.

I think whats holding bitcoin back is the transaction delay caused due to the block hitting its maximum capacity. If the community comes at a consensus and fix this issue, we can see massive appreciation in the value of bitcoin. And it is always a best idea to slowly add bitcoin every month to your long term investment.

Yes bitcoin however will not

 fall down more than this now.
I think after the debate among the china experts bitcoin will rise more again.
So i will not get any fear in saving my bitcoin. Even though it reduced yet it still have value than other currencies.

You are right, We have all right to fear of bitcoin price, Maybe will fall in next years. So you are right if you want to convert some of your profit in fiat and save them.
Anyways, For me i will save 80% of my weekly income of btc. Because i trust bitcoin and i feel that the price will go to the moon in few years later.

I like you believe in bitcoin. And that's why I have a plan to save a few coins for a long time. I, too, am almost certain that this will give me a chance to multiply my investments

well i will say that you should always sell your bitcoins so that the trade always runs. there may be a possibility that the price of bitcoins may suddenly go down , other wise it can happen in you country that bitcoin is totally banned. then what will you do>?

saving more bitcoins. Because neither of hard fork or soft fork will not impact bitcoin prices in long term, as this community will find solution after some period of time and hence we can expect prices to continue its rally.yeah saving bitcoin is very much profitable for the future of bitcoin because bitcoin increasing its price more by more and its very profitable way to grow up your bitcoin and make a big profit from bitcoin.

I think it is a good idea to save some bitcoins every week, and i think in the long run you are definitely going to get more out of it than with fiat.

I dont really love to save because I am not helping bitcoin to be a successful digital currency, I am usually using bitcoin as my primary source of my payment on my bills, sometimes I also use it to top up some load. I save sometimes but when I reach the amount that I want, I really use it and buy that thing I desired.

i think we don't have to just saving bitcoin only, but we should use and spend our bitcoin to help and support bitcoin itself. without we spend our bitcoin, then we don't help bitcoin like other people. but yes saving bitcoin for now is a good time as from time to time, we know that the price of bitcoin will increase and in that time, we can sell our bitcoin to get much of profit.

Seeing a good volume in circulation will be a big help for our investment but we should not worry if we will not spend because I'm pretty sure more people are willing to spend that to save and hold their bitcoins. Let us just focus on what we want to achieve as people have different interest but we who choose to invest and hold our bitcoins are wiser people who will eventually be rewarded when bitcoin will continue to progress as time passes.

Same here, everytime spend bitcoin to meet up my desired. Saving bitcoin actually a good practic,  you may earn profit a long duration hold your bitcoin. Try to save but in eand could not control my hand to buy it with my native fiat.

I think saving bitcoin is a good idea.
Because when you save bitcoin it is
like an investment that you can use
when you need it.

Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.

Yeah, even though Bitcoin is a great investment, you should not put all your money in it because we all know that Bitcoin is very volatile and weak. Its price can be easily manipulated by the Whales and if they want to dump that in an instant, they can. Also, I believe in the saying that "Don't put all your eggs in one basket". Try to find another investment that would surely give you a decent amount of profit. In this case, you can minimize the effect of loss in case Bitcoin is destroyed (which is impossible to happen).

That's why you'd need to take chances, would you rather believe in an Altcoin than Bitcoin? I don't think anything much will change even if those issues are resolved or a split ensue. Bitcoins that wil be dumped in case of any major decisions will be bought up again by different people and the demand would be created again.

Saving bitcoin is one of the greatest investment because when you save it for a years the price will double or triple just like the past happenings that the bitcoin price is increasing every year since it started so I think saving bitcoin is good for stake holder or even small time that is holding 1 bitcoin and up because they will benefit for it.

Saving bitcoin actually a good practic,  you may earn profit a long duration hold your bitcoin. Try to save but in eand could not control my hand to buy it with my native fiat.saving more bitcoins. Because neither of hard fork or soft fork will not impact bitcoin prices in long term, as this community will find solution after some period of time and hence we can expect prices to continue its rally.yeah saving bitcoin is very much profitable for the future of bitcoin because bitcoin increasing its price

Time will come those issues of bitcoin will be solve,, and bitcoin have a great future, maybe it is good to consider since it is your money to invest on, but then do not worry much about that because this issue will not last.

investment is not just a silence to profits if you people in silence without doing anything after investing it's not worth if you want to invest bitcoin because fluktuatif. it would be better to invest in gold

This is true of the easiest investment ever bitcoin great addition to the potential that you will profit you only need to save your fiat money to bitcoin

Me myself i do the 52 weeks money saving challenge in my own, i save my daily allowance for straight 52 weeks and earned almost 400$ through it.And i think it will work too in process of bitcoins and maybe alot more than you expected because bitcoins price is changing from time to time high to low and low to high so if you added at the right time there is a huge amount increase in your savings

The 52 week challenge is a terrible idea for Bitcoin because the price is so volatile.  You just need to get in as early as possible with the money that you can afford (as soon as the price is at a reasonably low point like now).

Well yeah, the price now seems to be higher and doing it with bitcoin instead of fiat is more of a challenge. But if you do have stable source of income in bitcoin and will try this out for sure you are going to get a lot of profit in the end after saving. Doing this at lower price of bitcoin isn't going to happen now and in the future.

52 week challenge is more focus on saving rather than gaining something in return. Personally I would pick Fiat Currency if saving money is the case because I would not worry at all about volatility also if I would be doing the 52 week challenge with Bitcoin and when the prices is getting high I would be forced to convert my Fiat into Bitcoin just to cope up with the challenge making it not efficient as I would be buying Bitcoin that time at current market price whether it is down or not. Well to summarize my answer to your question the quick answer to your question about "saving" then obviously Fiat currency is the best compared to Bitcoin.

I do not agree with you. In some countries, the national currency has become very depreciated. Therefore, there will be crypto currency. Bitcoin is not subject to inflation, so for some it can be a convenient base for saving assets

Well, your right with your thought about in bitcoin, ti was dropped last week at 900$ plus something but now it now calming to every bitcoin lovers because its bit recovered now at 1161$ the value of bitcoin at the present. However, I also never try that challenge as the mentioned above.

yes, why not  save bitcoin for the future. Beside buying it then hold for a long term will really give us a big profit after a years of waiting to sell it at the higher price value. :D

I just looked at that challenge, it is interesting, but I am lucky enough to have no life so I save a lot :)

Bitcoin saving idea will be a profitable way of handling your digital currency, because in time price will reached higher you can sell your holding and good income will be on your wallet balance. Holding a bitcoin for a long period of time is better investments to have if you are at an investment of your money, even you have fiat cash it's still awesome to have.

It doesn't really matter whether or not the national currency is decreasing in value by a lot or a little, anything but a very small change is something that shouldn't really be acceptable for the average person. It takes away from their existing wealth and devalues work. Anything that takes away the fiat value and puts it into something that at least grows along with inflation is a good thing, and cryptos just happen to be pretty good at being relatively good investments, as long as time and care is taken.

That's the privilege of bitcoin. you just need to keep it in your wallet and you will benefit from a significant price increase.

the possibility that there may crash when you need the money and want to sell bitcoin at the same time bitcoin price is fall. I think if you want to make bitcoin as an investment with way rebuy and sell if the price rises and while watching the bitcoin prices.

Building up the amount of Bitcoin in your portfolio is the correct thing to do if you want to earn more money. Bitcoin is pretty easy to lose because most of the people that hold them like to try to trade them within Altcoin exchanges and gambling websites. They usually lose their Bitcoins when they do that and then they complain that they have no money or can't get any money.
Keeping an offline Bitcoin wallet is a really easy method to building the amount of Bitcoin in your wallet.

That's how you do it, take chance of making money when the price is dumping because in due time it will rise again. This is the normal trend of bitcoin and if you read the news there are really no serious reason why it dump, it's just some people with great volume are making some FUD to make the weak hands panic and sell.

Thats why we should really be vigilant on checking the price of bitcoin if it suddenly drop or pump because on those situation thats the time we could able to make money out of those movements and chances of buying cheap coins is very hard nowadays considering the current price of bitcoin.

Similar to what Unamis76 said, I will only comment on the last part since I have never taken the 52-week challenge. If I were to choose between saving in fiat vs saving in BTC, I would always go with BTC. Although the currency is highly volatile, it most often takes currency's value up rather than bringing it down. This is because the number of BTC users is on a constant rise, which ultimately results in value appreciation of the currency. on the other hand, fiat only tends to decrease in value over time. so for me, its Bitcoin over fiat any day.

Doing the 52 weeks saving challenge is the best in fiat rather than in bitcoin because as you said that bitcoin is very volatile to its price and the amount that you started will not be consistent in every week saving, So i think it is best for you to just stick and do the challenge in fiat rather than using bitcoin because it is less hassle and you will not encounter confusion like volatility of the bitcoin.

This is really a big question in logical ways because the main thing that I found in the bitcoin is that we can make better earning of we have patience .
Here the Investment of our savings should be deposit into bitcoin again or altcoin or in bank  is depends upon the legality of the bitcoin Because the Investment will remain safe if the bitcoin is fully legal but what happen if you saved in bitcoin and bitcoin declare as illegal in your country .
And absolutely the bitcoin is as saving is more profitable than Fiat or bank money .

Yes. The fact that there will be no more addition to the bitcoin number defines it all.
If there is a growing popularity into which one wants to own a part of it, it becomes more valuable.
One example is gold, although they can still mine it someday it will be depleted. That makes it valuable.
Saving thru bitcoin is the most wise decision for me. Thinking there will come a time that every satoshi will count. This 21 million bitcoin will not be enough for so many users. Subtract the ones that are lost.

Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.

Right but still here we need to invest our savings in the bitcoin in wise way .
Here already most of the friends mentioned that what will happen if the country declare it a illegal .
So here I have the idea to save in bitcoin and also get the profit .
Here I think we should invest our savings half in the bitcoin and half in the bank money .
In this way we will have the half risk to loss the bitcoin .
Beside the risk , we should always remain positive that bitcoin is legal and safe and nothing will happen with us if it get declared as illegal Because we can sell bitcoin for PayPal money .

Sure enough bitcoin is legal, yeah your saying that in other counties bitcoin might be illegal but there are many countries that are surely accepting bitcoin a legal as other currency, and why would you sell your bitcoin for paypal considering bitcoin had many use now a days and why not just exchange bitcoin with fiat money I think it is more convenient that way!

yes that is very right to say. i am also in favour of saving bitcoins for a long term. as in long term investment there are so many advantages. as i long term investment there are very little chances of losing money. 

It depends on the person's goal and when they need to gain more Bitcoin's. I've found most of Bitcointalk users and people on YouTube trying to giveaway some of their coins or trade them for something that will benefit them somehow. Most of them don't really want the money or they act like they don't want the money because they let most of their Bitcoins go when the price is real low.
Proper calculation shows that everyone that invested in Bitcoin at the right Bitcoin Exchanges when it was 2016 and under made money from having Bitcoin in their wallets.

If calculated bitcoin provides a very big profit on the savings than any other form of saving. If you analysis the growth experienced from the day of its existence, the price has moved up gradually with fluctuations taking place often. So saving in terms of bitcoin gives assured profiting.

Im not that familiar with the challenge but it sounds good.Depositting you savings in fiat to bitcoin will benefit alot and you have the chance to get more than the fiat value you deposited because bitcoins price is not stable and it rocket up sometimes.Depositing fiat will benefit you alot but just deposit at the right time.Also you can join signature campaigns here and add it in your challenge to for higher potential earning :)

@Rajchandu, im one of the people who see bitcoin as a good investment, i see it that it has a big potential. and i agree with you that when one invest, he must only invest what he can afford to lose. so that you will not regret.


regards.

but we have to have other jobs. if we just keep bitcoin then we will not have an income every month.
keep all bitcoin held as an investment is a difficult job.

Yeah im familiar with this so called 52 weeks challenge.We would recommend you to use bitcoins in this challenge.Also if you can do it the same time you can use fiats currency in saving to and deposit it to bitcoins.That will help you earn more ang bigger in 52weeks.

If you have a full time job then you will get income in fiat which can take care of your expenses and in that case it will be much easier to save bitcoins for future and you don't have to do anything with it and simply hold it for the future.

Yeah, a little bit of Bitcoins deposited into a Bitcoin savings Wallet goes a pretty long way. Many of the Altcoin guys here like to play gambling games and spend small amounts every so often though when they check their Bitcoin Wallet and total up the amount of Bitcoins that they spent, they'll see that if they would've kept their coins they would have more money than they started with. That 52 weeks challenge sounds pretty cool too.

I am trying to save my bitcoins but sometimes I cannot do it on regular basis as if I am in need of money then I sell my coins and exchange it to fiat so that it can take care of my expenses but saving them for future is the best thing to do at a moment.

Everyone is busy in collecting and keeping them safe in their wallet and waiting for price to reach to the moon but I have not saved enough bitcoins as my earning in bitcoins is too low but may be in future I will manage to earn some more bitcoins.

It is very cool, but it is so hard to do especially your earning is not too much, and I failed the 52 weeks challenge only managed to save 4 weeks, but it will be very great if anyone can survive it, it need great determination and some extra money to do the challenge

I have 2 bitcoins in my wallet which I have earned from signature campaign and trading and now I have a plan to invest 0.5 btc in some new altcoin so I am doing a research on it and will invest when I find the right coin can anyone suggest me some good altcoin to invest at a moment?

Saving Bitcoin is good but investing it is much better. I suggest if you will do the 52 weeks Bitcoin Challenge, do it by investing on compounding interest. If you will do that, you will earn more rather than just saving it. I hope that this advice will help you. Goodluck on your goals!

if Bitcoin wallet just in the tube in a less precise course, better invested or possibly by trading for profit

Saving with bitcoin is work, but i'm afraid the rates that not work. I mean, when you save your bitcoins at $1200 rate and you are waiting until 52 weeks and when the time comes, the price of bitcoin reduce to $1000 per coins. It means, your saving is not worth. Well, it's different if the price increase, but that's my point.

i hope that I can do that too. because the value of the goods in the market getting higher and higher each day. hope i could have enough bitcoin to save it in future. bitcoin is a very good investment.