Bitcoin Forum

Where should you put your money? the money your earn from this website.

Do you prepare saving your money to a bank or just let the tokens you earned stay in your designated wallet? Or just widraw evrything and keep your money safe in your own hands?

I  know its up to me to think of what to do when my money. Its just I want suggestions from all of you guys.

i save 20% of my earnings coming from faucet because i believe bitcoin will go so high someday then i withdraw the 60% or more and in the trading i invest 20%also,i only know faucet to earn because i newbie only but if i rank up i will try to join is some open campaign here

simple if you want to trade, you should save money on exchange but you have to pay a fee if you want your money really safe save in the bank.

It's best for 2 but i would pick wallet because it can rise when btc goes up. ;D

I would use a Ledger Wallet for storing long-term assets.

All the best

B.D.

You can guarantee in bank but still depends on you bro

I have a stable job, so I plan on keeping everything in my wallet and just buy additional coins every now and then.

Saving in a bank will make your money in a secure hands,  but if you put all your earnings in only one wallet its not a good idea, much better if you have 3 wallets with private keys. Divide your bitcoin on those wallets so whenever one is hacked you will only lose some of if and not all of them.

The idea behind Bitcoin is to give you full control over your money. A lot of people do not trust banks anymore, because they exploit people with high banking fees and even ignore them if they cannot exploit them. < this is why many people do not have access to basic banking services >

Do you want to make banks rich or do you want full control over your own finances? It is your choice. ^smile^

If you chose Bitcoin, make sure you use a method to store your coins, where only you have access to your private key.

Your bank will give you a guaranteed rate, but it won't be that high.

Bitcoin will promise you an amazing rate, but it is not guaranteed.

Your choice.  :)

I can suggest what i do, i just keep some part of my earning in wallet for future and sports betting and balance bitcoins i convert them to fiat currency as i have to full fill my daily needs.

Exactly!  This is kind of the point to crypto!

not anytime mate there's also some risk if the bank got rob so better to think deeper, i guess if you are a risk taker better to keep it inside your btc wallet
then forget about it for some years and you will be surprise if what this investment will turned to,.

money i earned should be kept at the bank. Its generally their job to secure your money. While landed at the bank, at the same time you are earning since it accumulates interests added to the principal amount of money you have started to deposit. You would also practice budgeting in this situation since you cant easily access your money because its in the bank.

I put my living money in bank and i put money i don't need for now in cryptocurrencies wallets.

There are pros and cons of every action.
Bitcoins in a wallet will allow you to:
score a nice yearly profit that can exceed 100% a year
keep your money safe on your own devices
be independent of banks and the government
have access 24/7

Fiat in a bank will allow you to:
use a savings account that will give you ~2% a year
make fast and easy online purchases
use a card

So, if you want to spend your money choose the bank. Otherwise choose a BTC wallet

I put 25% of my gains in the cryptoworld. The other 75% is for eating, leaving, driving, renting.

Soon or late, i come back for fiat to buy a real house. And after, pass to 50/50 of my salary.

In my bank, my money don't have any decent %.

Soon, this institution will die for incompetence.

I look forward to the day when bitcoin is fast and easy.

As we all are living in crypto revolution age, I'll definitely keep my earnings into the wallet. For daily purposes a limited money could be save in a bank. I couldn't miss the crypto trend.

I prefer wallet, it's  much easier to gain passive income and if you like playing with the currency, you can do scalping here. If tou are really good at scalping then you could earn big money just by doing so. But, I also opened a bank account for a portion of my earning just to have a much secured account. I can also withdraw from my bank account anywhere since you can't pay with bicoins just anywhere.

I think to keep your some part of your earnings in several online wallets is reasonable..
Of course, this concerns newbies, and you should think about cold offline cryptowallet when your earnings become high enough..

If i earn money from this forum i'll never put it in a bank account. I hate banks.

Actually, if you save your earnings in a bank there is a big possibility that it will increase. Unlike if you just keep it in your wallet, the amount of money that you save from your earnings is the same amount since the time that you saved it there. So, for me, if you are wise, you'd better save it in a bank thank keeping it in your wallet. I hope this advice can help you.

The best advice is
Whatever money you put into Crypto (Cash) don't exchange back to Fiat

Spend what you could afford

Day trading is for people with lots of money. Hold for the long run

Focus on buying Bitcoin first then diversify

Pick Proof of Stake coins and keep them in your wallet

Banks always take money from you (Monthly fees, withdraw fees, etc) They always win
They only reason you should keep money there is so you don't get hit with maintanences fees or if your building credit to in which case will serve you to buy more Crypto

If you have enough money to do daily trades keep your coins on the exchange but it's really not worth it (The long shot it's a better strategy)

Every time you buy a coin check all their outlets to verify they are worth investing and stay tune with em (Masternode Coins is your best bet) Download their wallets and Stake $$$ (Much better than the Dollar =Tether)

If you make money advertising on Bitcoin talk, keep the coins. Never go back to Fiat money, ever

People don't get rich overnight. Save as much money as you can and always invest what you could afford because Crypto is not going to die, Fiat money will certainly dissapear. Good luck

I prefer you should put your moneh on bitcoin.. bitcoin is now improving a lot actually because there are so many people that using it now as is that is their sole income the risk is not high in investing on bitcoin just take countermeasures to be safe as i said the risk is not high the chance of your btc will dissappear is one in a million and if it really disappeared you cam get it back actually you know better than i do that bitcoon rocks

good question OP, i think its better to keep your token on their designated wallets for now, because all youve earn from our forum has a chance to pump/raise. or set a goal to be reached, so if you reached that goal you settled you can save your earning to the bank you want to be deposited. i think thats a wise decision.

i still can survive in reality because i have basic salary from working on company. its enough for me as well.

so when i get bitcoin, i will prefer to keep in my wallet or buy some good from online-shop that accept bitcoin as payment.
based on purpose why do i start learn about bitcoin, I think this digital currency will rising its exchange rate from time to time, we also can see the decreasing anytime but that is not mean disaster, its just the natural phenomenon of economic

maybe someday i will make a decision to exchange bitcoin to real money, just because i wanna buy or invest in something that not accept bitcoin yet.
it will be happen too when i know that bitcoin exchange rate reach the peak of the chart anyway

i have been into banks before did put there my savings ... well i did deposited like 20k and in return after a month they gave me an interest less than 10
and that is not a good return for an investor... but i did tried too the bitcoin savings on my wallet .. i did put worth of 20k too and then converted it into bitcoin ... after 3 days i witnessed a good pump like addition 1k usd pump on per bitcoin then i converted my bitcoin into cahs again and in just 3 days my 20k went up high to 25k well that's a huge and best investment i did my whole life .. i wish i was there knowing already the bicoin when it was just a dollar per coin :(

I'm slowly accumulating my crypto earnings into a couple of wallets. I've had a few bad experiences with banks. I trust them about as far as I can throw them. The sooner I can get away from banks completely, the better! If the market wasn't so volatile I'd be praying for the day my husband got paid in crypto. Right now he thinks I'm playing with the online version of Monopoly money. LOL  Boy is he in for a surprise!   :D

If you are a person who doesn't know budgetting like me. Then i do not reccommend keeping your money with you. Probability that you spend it without even noticing that you are overspending is too high. You should just keep it in your designated wallet or make an investment.

if you keep reading around and you are not just after for the earnings I think you will start to dream accumulating more or you will desire to reinvest your
earnings, thinking about putting it inside the bank will be the last option for my own opinion better to learn trading so you will got a chance to grow your
money.

when the time comes that i gaining/have to earn btc here at our forum, i hold it and stay to my wallet until i got more profit and save it in my bank for my future purposes.

I prefer to have funds in both  ;D