Bitcoin Forum

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Nope, our grandma tell thats thing because the old coin during she was child is cheap and now its expensive.
This is because in 1900-1950 the coin are limited production. The value of that coins will raise up so its make the price is expensive.
And also, the money collector can make the demand of limited coins raise up.

You can hold that old coins to make the high values in future, but you must holding until you become grandfather or the next generation until money collector want to search that coins.

This will depend on how long we can keep that coin, as it may still have no value in our entire existence since it's already not accepted or phase out or simply just the same with no interest at all but will surely have value in later generations just keep other generations informed so they can sell it.

I fixed you have stated above, it should be a hardware wallet in keeping your crypto assets, especially in long term purposes.
You are right, keeping bitcoin in the long term will bring you a profit but in perfect time but I won't agree on keeping shitcoin will make you get profit. Once it is shitcoin, no one will develop on it and it will remain shitcoin. Just focus on a bitcoin investment, then your grandma will be proud of you.

Not sure what the hell you are talking about. How do you keep your crypto currencies in a custodian bank service? As far as I know there is no financial institution that holds your coin. Even if that does exist, once you transfer your coins to them, it is not longer your "coins". Kinda sounds like you are also suggesting to store your coins in an online wallet which is not safe at all!

If I had kept my piggy bank money in a bank account that accumulated interest since I was a kid, I'd probably have a decent amount of money right now.  Leaving coins in a jar for decades isn't going to make anyone any more money than what's in the jar, and even then inflation is going to eat away at its purchasing power.

Not sure about the crypto-piggy bank idea.  Bitcoin is only ten years old, and there's no telling how popular it's going to be in the future.  I suspect it will be, but there's no guarantee and I think there are better ways to save for the future than by saving bitcoin or any other cryptocurrency (and I'm not knocking crypto here, either).  I think stocks are still the way to go for retirement savings, for instance.  Anyway, interesting hypothetical here OP.

Doesn't matter where you keep your physical money, whether in piggybank or bank, it'll still lose value over time (unless of course we are talking about gold and silver coins). I see the same with BTC, wherever you keep it, it's still the same amount of BTC.

Though if you put them in a bank (assuming they handle BTC) they might slowly eat away at your horde through fees. Shitcoins on the other hand are shitcoins, that's what they are. They might get pumped once or twice and that's it. Better liquidate that money for something else rather than hold on to them.

It is better to leave shitcoins behind and focus on profitable coins to keep for 10 more years. It will surely make a good profit unlike hoping for the best with shitcoins that aren't worthy and might be eliminated just too soon.

I have collected a lot of shitycoins for a long time although in small amounts because I believe that someday these coins price will go up, but let's be honest those shitycoins won't make you rich, well I'm just happy seeing lots of coins in my Electrum wallet. Honestly, Grandma's advice is more suitable for bitcoin or coins with a bright future. In April 2013 Bitcoin's price was about $266 so what Grandma said is true, keep your bitcoin and it would fetch a high value.

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Do you keep into the old American coins that your dads gave you for spending on your iPhone, fast food, soft drink soda, happy meal, Xboner, micro transaction, ..., I think it may worth a small fortune inside that piggy bank that you didn’t move for a millions years.
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That’s hard to say, and why do you think some America eagle coin which have face value $ 50 could fetch... $ 1600 today?
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Rolf, I had saw many shitcoin issues after the America eagle coin stop minting, most of them are made from nickels oxides but fetching high value too, aren’t they’re much shitting than today colourful coins?
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You’re always encouraged to keep your bitcoin under my very own custodian banking service, it’s open 24/7, if you don’t know how to get start just kindly send me a PM, we have 100% satisfaction guarantee money back, and 100% refund protection in case of fraud, 100% depository insurance protection. 100% peace of mind.
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Inside a bank of $ 1000 note and inside a piggy bank of random coins that pile up $ 1000, why do you think the money in the bank have more value than the random mixed of dog shit coins? May be you get a little over 2% if return for keeping with the bank, but the coins inside the piggy bank degrade overtime, some turn rusty some are actually not legal tenders, also some may even worth for scrap metal at best.
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Is kinda wonder how bank could eat away the bitcoin through inflation, can they fake the bitcoin transaction, by technological advancement, may be the bank finally found a loophole and create more than 21m bitcoin supply, then they’re truly genius.
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Correctly, I remember my bank told me to surrender the old bank notes before it cease to become a legal tender.
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What I think is , no matter where you keep your bitcoins , the value is gonna be the same , no matter it's in your wallet or in the bank ,
The Bitcoins will stay same in the value ,
The governmental coins are actually who change in value , also trust me the only way  to do that is to make people stupid and put up an auction online , custodial bank service I don't think it is gonna be that good .

I honestly get your point that old coins would really have a good value in the future because the coin will be limited and cannot be produce anymore. Same goes to crypto that when you hold your coin for too long it will have a good value in the future. But if you keep it to a bank instead of keeping it to yourself the value of the coin will be the same. This situation thought us that we should learn to have a patience in a certain thing because it could be precious when the time comes.

This inflation helps our people need to circulate money wisely. Without inflation, the country does not seem to grow. Countries around the world expect inflation to increase steadily and reasonably. In Japan, people have to contend with deflation that has been going on for several years in 2012 and 2014. The government has had to try to motivate people with various financial measures to keep inflation rising. It seems the new lazy people want deflation to exist forever!

Holding fiat money is not a wise decision, it is true that our parents and grandparents always telling us to save money. For me when they said that to me I always cringing because it is wrong for me. Why would I hold a scam money that backed by the government? It is better if I will invest it in speculative asset like cryptocurrencies and also passive income businesses like real estate.

Keeping your cryptocurrencies to yourself in a long-term will definitely give you a benefit because what if bitcoin have increased it's price more than $20K, then probably you would be really rich if that happens, that is why every crypto user always say have a patience to hold all of your holdings for you to see it's true value.

This is somewhat a non-sense thing though yet we dont need Bitcoin/crypto bank in the first place.Who the hell would use it up if we can be our own bank?

Of course banks would do things as they like and charge you up for storing or using up their service.What you do expect?

Physical cons have collectible value and it's the same for physical bitcoins, even collectible mining hardware. Old miners still have value even when they're completely unprofitable to run.

Shitcoin have no collectible value and most of them have value only because Bitcoin has. I wouldn't hold shitcoins especially the dying ones not only in an exchange but anywhere else. Once they are compromised and people see they have no real use they will keep going lower and lower even far below the value of 1 cent.

Because at that time the popularity of banks with their "interest" was very global, also strong doctrine influenced many people to save their money in banks.
In addition, banks are private companies, the government is only tasked with monitoring them.

Fortunately, today many campaigns are voicing smart investments, this is good for our next generation.

What do you exactly want to say with these words? Do you mean to suggest people leave shit-coin and focus on Bitcoin only?
Well, I will never advise my children to keep shit-coins. What for?? There are too many potential coins, why choosing the worse coins. We must know that keeping shit-coins just wastes time and it will be no future, no value, and no hope.

Anyway, can you tell me a bit about what coins do classify into shit-coins category? I hope you won't assume all altcoins are shit-coins.  

The downside is that to steal the coins your grandmother advised to put away in a piggy bank cannot be stolen unless someone physically has access to the piggy bank.

In crypto-land however, with the advent of super-computing (quantum) progression maybe private keys will not be as secure as we think in the near future where thefts might be taking place on a regular basis.

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The facts that it has value is completely absurd, didn’t matter it’s high or low value, it shouldn’t have any value from the beginning, but you can’t denial it still have value.
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The thing has been up for sales on eBay for five thousands years! Look at all the stupid trades going on!
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The thing that bank keep our crypto, and they would do something so terrible that all the shitcoin that’s free float would increase its value despite its shit from the very beginning, why why why?!?!
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What did you know about inflation and deflation that we didn’t know, the bank is always so secretive that we can’t know everything out of their coffers, they keep every single information behind 99 vpn military grade security safeguards, it can survive a nuclear meltdown and the information would never get leaked!

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Do you read the title, it’s holding coins inside piggy bank, the one that is built with rare metal, and you can hold it with your fist, it’s worthless and not a legal tenders, but it fetch high value, may be you never hold physical money before, then you need to know a bit about the time when we use most primitive money to trade, when we don’t have internet yet, it was a good time btw.
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Will you tell your kid? Will you? Will you?
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Negative interest rate on bitcoin? Splendid!
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Once upon a time, bitcoin was dumped into 30% of the dominance, that’s certainly didn’t end well for bitcoin, may be bitcoin is not as good as you think it’s, although I still love bitcoin, but let’s look at the old coins, the physical one on the market, some minted coins fetch higher value than American eagle gold coin, impressive! For example, a very scarce $ 100 note with Pokemon rare new two imprinted into nickel coins could fetch $ 99999, you may scream dafuq, but it’s the free market of rare coin on the eBay, they will never stop trading until the end of the world. It shouldn’t have any value from the beginning, but you can’t deny it still have value.
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What did you know that I don’t know? I know something that you don’t know? What’s it just spill it out, banking service just existed for less than 100 years, I think it’s pretty innovation, and we may not fully discover its hidden potential yet, so what did you see the inner power of the bank that we don’t know?
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Don’t live in denial, every coin that will make you cry out loud and scream shitcoins are the shitcoin, look at the wallets, all of them are shitcoin, bitcoin is just less shitting than some worse shitcoin, however all of them are shitcoin, the only none shitcoin is the American eagle gold coin minted at face value $ 50 a piece. Because it’s not a shitcoin and nobody call it shitcoin.
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Maybe the OP was equating a custodian bank to an online exchange or online wallet provider?

I don't understand what you mean by "keep your bitcoin and shitcoin under the custodian bank service." Are your referring to the actual cash deposited tin the actual bank? Of course, while they can earning regular interest they can be negligible compared to the rising inflation increases that is always happening no matter how hard the government is controlling it. Now, if you are just holding on to Bitcoin there is that possibility that years from now BC can really be valuable though we are also saying that there are risks here because it is also possible that BTC can be gone or be replaced by a much better one. In other words, we just don't know what can be.

You keep on referring to shitcoins as possibly having a good value in the future. I don't care about your strategies in cryptocurrency investing but in my view shitcoins are called as such because they really are especially in the marketplace where one platform can easily be copied and then just dumped after the creators and developers are already satisfied with the money they got on hand. Investing in shitcoins is just like expecting returns in a form of shits.

Times change. The old paradigm is obsolete and has to be replaced with a new one that is based on the current and the future technologies. The blockchain technology, cryptocurrency, online transactions, etc are the ones that will be dominating the mainstream. It is time to say good bye to piggy banks, even actual banks, fiat and fiat savings, and so on.

That's cause Grandma doesn't understand inflation and how it works. It makes no sense to have more then your emergency fund sitting around in a piggy bank (or in a bank, safety deposit box) or whatever. The goal at the end of the day with your money is having it not lose its purchasing power.

And every year when you hold money and don't invest it in something (even CD's, savings accounts, etc) you lose about 2-3 percent per year.

The biggest thing you should be doing with your money is ensuring that it holds its purchasing power. So your emergency fund should be in a high yield savings account (hopefully earning about 1.7-2 percent per year, negating inflation or making the loss to it as low as possible)

The rest of your money should be getting invested, earning around 5-10 percent -- 2-7 percent after inflation. That means that you're making money instead of losing to the cost of inflation yearly. Just a little lesson of mine here.

There are two component factors here, one is the money value and the other is the safety of my coins. Even if I keep my crypto under bank and it won't change in value with respect to if I keep it myself, but, why would I give bank the charge to hold my crypto which I can hold myself which will be safer, and yeah, keeping in a wallet with back up is safer than keeping money in piggy bank :D

Well lets keep Bitcoin! for shitcoins ahh nevermind we can't get rid of them anyway unless they are collectible like old metal coins. Who would prefer crypto banking anyway when we can store our coins in our crypto wallet with our full control. Crypto wallets are the new piggy banks and you don't have to worry because what we hold there is not obsolete.

Well with that part I wasn't talking about the actual inflation rate but interest rate they'll likely give you compared to the fees they'd take out for keeping your money "safe". I see no reason for keeping cryptos in bank except if you are sending it there temporarily for cashing out. Remember, what you keep in banks, the government can seize.


Agreed. Money whether in piggy bank or bank just lose money as they sit there. You are better off using it to buy things that appreciate in value (preferably one that brings in money regularly rather than having to be liquidated), mostly to try to at least negate inflation's effect.

indeed, we have more freedom when we store crypto in our own wallet, and that is our full responsibility for its security. but we must be able to protect it from thieves. usually they come in by sending an email and telling us to follow the directions

what i got here is you don't and won't believe about anything financial bank created by a government company,it'sn't ?
or i miss something ?
if u want to be rich, just hold your money by your own bank.

The reason why out grandmother and grandfather are saying to us to keep those old coins in out piggy bank to be able to preserve it into the next decade or in the future because the value of it will rise, meaning the coin will be an antique so that the value of it will go up and because the coin that you have is an antique already and many people don't have those kind of coin because you are one of the few people that think it will be an antique coin after few years.
When it talks about the trash or shit coins, maybe it is different because when we said shit coin or dead coin, there is a very low possibility that it will fluctuate and pump again after years, but we still don't know if it will happen that dead coin will be having a high value.

let me tell you, Bitcoin has only existed for 10 years and it hasn't taken a long time to be able to assert the value of this digital asset. Don't be too subjective to Bitcoin and believe it will grow every year and its price will be $ 1m and bla bla ... don't be silly. If you are criticizing fiat money, then you should not use it anymore and use crypto to pay your expenses, see if anyone accepts the coin you want to pay. Also, if you love cryptocurrencies and bitcoin, let me see why would it grow so well in the future if hold it? Meanwhile, coin is just a kind of tool for Blockchain to operate effectively. Governments and organizations can create a coin similar to Bitcoin!

for bitcoins and other top cryptos yes but for shitcoins ? thats another story anymore  .

i been holding some shitcoins for almost 2 years now but do they increase thier value  ? no they do not  but infact some of them didnt even have any single value at all because they arent listed yet until now  while other shitcoins were only good at some certain time but hodling them in a longer time wont be benficial at all compare to bitcoin and other top crypto coins  .

Not every coin are really worth to wait because even you wait for it's value to increase for a decade, it will really not have any value, that is why there are only limited coins that has a potential to have a good value like bitcoin because it already proves that it is good for a long term investment that it already reach it's price to $20K, but it suddenly goes down in the year of 2018. It is the reason why we should wait because bitcoin will definitely reach it's price to $20K again.

I would not advise anyone to keep their shitcoin or do not dump it, because  base on my experiences, it's not worth it and it's a bit of very bad advice I have shitcoins here that's been sleeping for years and I don't think it will ever have value at all because there is no node, no dev no platform no volume and no price, what can you expect on these shitcoins, there's a huge difference between a shitcoin and your grandma's coin

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Do you read the book written by Andreas Antonopoulos, I had skimmed through each page roughly, online wallet primarily signify the three reputable sites, namely, bitaddress brain wallet and block chain dot com, forget about full node it’s just too resource hogging, hardware wallet? Too many horror stories people get wrecked over. Offline wallet, idk, sound like a fraud about to happen.

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JPM coin, period.
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Why didn’t you hold into the American eagle gold coins that have $ 50 face values? Since it worth so much today, but you seem to be smartest kids who know money well?
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You may change your mind once you lost your key to access or phrases, it would be safer under someone else.
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Bitcoin dominance’s can barely cross 70%, it simply portraying shitcoin slowly but surely leeching some of the benefit and glorious bitcoin once have, yeah from 99% to 70%, it certainly didn’t bode well for bitcoin.
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Yeah you missed everything.
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What did you find the old coin has increase value, if you’re judging it based on eBay sales, nope it’s all merely just a random fake trading data, the real values that’s traded may be much lesser than 1~2 coins a day, most of the other old coin sales are fake and gay, they’re created to promote deception.
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Plenty of services accept bitcoin for a cup of coffee all over the States. That’s not a big deal at all.
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Crypto and physical coin are different. Old coin becomes valuable because the government is changing its coin's design. So basically, old designed coin will be valuable. There are people who collect those kind of things and the older it is, the higher value you will get if you sell it to them. Keeping old coin will surely be valuable in the future because it's an official currency and is part of a country's history. While keeping crypto for a long time just like old coins, we will never be sure if it will still be valuable during that time.

I personally don't believe btc will grow up to $1mil or even $100k, but it can go up to $20-25k I guess.
But I wan't cryptocurrencies to be a usable tool like USD, not a thing to speculate and gamble around.
So it is better if btc won't go up or down drastically

Your grandmother could be saying that with fiat coins in mind. Thing is, fiat behaves very different  from cryptocurrencies. so hodling them might be a good thing, but not in hopes of reselling it for a higher value in a decade or two as bitcoin is intangible unlike physical fiats that holds innate value aside from the value it was assigned with.

There is a difference because of the physical attribute of the coin.
Most of the old ones are made of pure silver while now they put plastic in it.
Old coins that are made are not that much because they have a higher value before and you can buy a lot with just a dollar.

Now, with crypto currencies, there is a lot of difference. Living in the internet era is difficult, there is not rarity of products by now. I would still prefer keeping gold when it comes to having a physical view.

I couldn't agree more, most cryptocurrencies only have assigned values  in them while most fiat had innate value assigned on them making their value appreciate as time goes by. It is indeed a different story with cryptos. So it's not really that applicable if you'll come to think of it.

If there is a bitcoin bank then the bank must give the value back in the amount of bitcoin i deposited and not in fiat valuation, even if there is a bank who will deposit their coins in a third party wallet you can have your own.

The piggy bank is a different case scenario, saving all your spare fiat currency and that cannot be applicable to shitcoins, commonsense prevails in this situation  :P.

Because we all know that older people knows best and have a lot of experience when it comes to preserving the value if something. That's why most of our grandmother and grandfather have something what they called "antique" and its value was preserved that its price is also high and has a history. Although fiat is very reliable right now, bitcoin can give you a brighter future if the price becomes high again.

Storing it on banks, surely will gain some interest but considering the potential value when it comes to be a rare one might need to double interest I get in banks. The thing is the time span, I don't think I still need money by such time. Anyway, I will try to tell my kids about this, 'cause it is still a wonderful idea.

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Holding fiats is good in a sense you were stocking it up and will further be use for such greater purpose. Like kind of storing money, anyway are this still a thing, piggy banks something like that?

that is only a myth that older people tend to know more things  .

  in this time we have right now we can learn different things at a young age  . we knew if what is a real fact and not only a made up myths  . many older people on our place tell me that this crypto was a scam but i dont believe on him i only believe that crypto can give me a good future if i will start saving on it than saving fiats alone with my piggy bank   .

It will vary from each person because there are oldies that are exposed on what are the current trends of this new era where its already hi-tech and its normal for these kind of innovation to exist.
It isnt surprising that majority of them would trust up fiat no matter what since this one had been trusted since the beginning of time and also they arent already aware on whats happening
or innovation thats why they will normally suggest the traditional ways and us who do know about crypto would definitely say the opposite thing in terms of profits.

Very deep.(I do not support the sh*tc tag though.)

I think grandmas and grandpas would understand Bitcoin better and probably be better Bitcoin investors than many of us.

Handing them our monies will only make manipulating things easier.
 Durable,  scarce, divisible, useful, attractive things always increase in price in the future.

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Services would eventually develop for any coin, and people would eventually put up shitcoins for sales on online shopping sites, it wouldn’t always need to wait for someone to build a bridge to make it easier.
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If you wait your old physical rare metal coins before spending it, you would have been able to sell them for scrap metal at profit. Those old silver coins certainly gain a lot of price to melt it into scrap metal.
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Do you think old coins has all of them? They have price just for its nostalgic value, nothing more.
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I’m sure your wrong in this one, old coins has high value rare metal content that’s why it fetch high price, the American eagle gold coin didn’t fetch anything higher than its gold content value, despite its super rare and many new designs.
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Meh, you didn’t know bitcoin was once traded in Zimbabwe or North Korea exchanges for $100,000 per coin, the average value make very little sense.
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Dude, Fiat didn’t existed in your grandma’s vocabulary and it’s time, they trade using gold coins, and it’s called coins not some fancy name fiat.
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Why gold is rare? Doesn’t bitcoin much rare than gold? Look 21m btc, but there is unlimited gold that’s haven’t unearthed over the outer space, some believe the sun is make of gold, it’s so many times bigger than earth.
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Of course your bank give you $ 1 for every $ 1 deposit, £1 for each £1 deposit.

Common sense is telling the face value $ 50 coin worth $ 1600? How does it add up?
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That’s pretty generic, everything you can touch also came from the past and they have pretty much all their own version of history slapped on their face, a unique past is better than some else?
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What you gonna tell them?
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Bitcoin is a fraud!
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I think the piggybank stuff is no longer valid in the modern financial system, with an x% annual inflation rate. It must be dated back when civilization literally put their gold coins in some "storage box."

If grandma had put her money in a bank (assumed the bank is still running today), she would have received a nice amount of compound interest. However, it is still far wiser if she had put her money in long term assets, such as land, or even gold.

By the way, put your coins in proper wallet guys, not web-based/exchange. You guys don't have to worry about the debasement (inflation) for Bitcoin since the total supply of ~21 million coins is permanent (assumed no contentious hard-fork).

If you really want to save for a significant amount of time like 10 years then better is to have a hardware wallet and move everything there. Now comes the exciting part, not every coin deserves to be held for long time, some should be dumped soon.

I have to agree with this view, grandma had better options to advise to invest in other than a piggy bank  ;D

As long term assets gold and land would be far better options than a bank which would provide miserly interest and not much else.

Your first example is just reiteration of Gresham's law - "bad money drives out good money". But since physical money are mostly made out of paper or cheap metals, it's not very useful today. Maybe some modern coins will hold some collectible value in the future, but it's nearly impossible to predict which coins will do it.

As for crypto, it's a stupid idea to hold your coins in custodial wallet for long term, there's almost no benefits to it, only risks. And in the long run you're quite likely to lose those money due to hacks or exit scams. And when it comes to shitcoins - they will lose their value regardless of how you hold them, and rather quickly.

Regarding the grandmother who said to save old coins idea, and in the future value will be high. In my opinion there is a point if
the old coin in question is bitcoin. Just imagine we save bitcoin for a long time, maybe about 10 years from now more value will
be very high. But to save bitcoin for a long time I don't recommend using an online wallet, it's better stored in the hardware wallet
because it's safer. Regarding the shitcoins discussed in the opening post I don't agree to be saved, because shitcoins if we save for
a long time to become dead coins.

I don't thinking keeping the coins in the piggy bank is worth the effort of maintaining them or having them in the way. I don't even know of a grandma who would tell their grandchildren to keep quarters fore decades.

You should not treat this as a big deal actually. Grandmothers encouraging their little grandchildren to save using piggy banks is actually just a lesson to save. This is not about anything else. This is just teaching them the importance of not spending everything you have, of setting aside some for the rainy days, or if you have something to buy that you cannot afford you will save for it first. This is about learning to save.

I don't think my grandma will say such thing if he understands these shitcoins and the market and if he is going to say I am more likely to correct her as this is wrong information that he is advising me, we already have thousands of shitcoins since the creation of the first shitcoin in the market, and until now they remain shitcoin and no hope of development, better do your own research not advisable to keep your shitcoin.

My mom used to tell me to save money but I do not follow his instruction because I know that she is wrong about saving money. There is no people who became rich because of saving money. I always investing the excess money that I have. Saving and Investing are different to each other. In investing, our money can make money but in savings our money is just store and its value is not going up.

In my own perspective, you are the who holds your fate because you have the power to decide wether you will be rich or not. Well of course if you work hard, invest your money for a business and save some money for the future you will probably get rich someday. What I mean is in order for you to be rich you should manage well your money and spent it into a meaningful way.

How can shitcoin grow value? Centuries will pass but Shit will always be shit. It will not grow in value.

I will not tell this advice to my kids or grandkids. That is not the right way to grow your money whether it is fiat or bitcoin. It is better to invest and reinvest. Make your money work for you, not let them sleep in a piggy bank and expect them to multiply in value.

not that easy guys. The coin your grandmother says has physical form. and has artistic value from the display. also has the characteristics of a government ... many collectors for coins. but bitcoin functions differently. yes in argument, it is the same. if one day still survive. then bitcoin will have a high value because it is rare. however, if bitcoin has no other function, and only displays numbers. I do not guarantee. when bitcoin loses value. they will remain in the collection by the collectors.

I never got upset about the coins that didn't yielded me profit neither, surely I had some of them that made me enough money that the risk of going in always paid off when eve 1 out of 10 coins that I invested became very good means that other 9 are paid for, any ratio that is better I am making a killing out of this. Remember those good old ICO times?

I have invested into hundreds of coins back in the day, most of which do not worth anything but here and there I invested into stuff like IOTA that made me so much money that I don't care about all other coins I have.

Also, I agree that having a lot of coins on your wallet feels very nice, normally nothing happens but once a year one of them makes a comeback and goes up super high so you end up selling them and make a small profit or at least less loss from them and that feels like finding some money in the coat you forgot last year and wore this year and that couple bucks you find there makes you happy like it is free money.

Luckly i still have my grandma piggy bank which is i never opened it and i'm sure inside there i will found old coins which the collectors looking for it however we might be will says saving privately bitcoin into our wallet is good idea because we have fully control to access it but those who don't believe bitcoin will says saving their money into banks will ensure their investment are safe even for more years so i think all of it depend from which side people will see it

Isn't that the same as a piggy bank is the most popular storage in the past I like to call it an "iron piggy bank" which we can't take as easily as touch for a wallet in a my pants ,now the era of increasingly sophisticated bitcoin can be stored in a wallet and keep the key in a book or other hardware It's very safe and I think it's like the similarities between piggy bank too different times the situation is also not the same we have to be more modernization in respect the words of the grandma

Of course, normal comments would say, having your own wallet and bank would provide us with more profits, but is wasn't enough, we need to have very secured wallets such ad those that are hiding private keys such as hardwares to make sure we can have our money for a very long time.

Yes there have been some coins that have become valuable and would still be valuable in the near future but at the same time there are some shit coins that would never become valuable no matter how its being pushed or promoted. However, its all about risk because one limited factor to human is the inability to see the future and that is a fundamental thing that cause error in judgement and there is nothing anyone can do about it.

Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.

Yes you are right comparing cryptocurrency and fiat is really different. In cryptocurrency as what you have said its value can change from time to time and your investment has the chance to experience massive growth while in fiat, the value of this currency cannot be changed from time to time but if you invest it still your investment can grow but not just like as huge in cryptocurrency although you can invest it into a business that is in demand in order for you to havehuge income.

Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.

Guts? A few of us are hodling for several years already, some for 10 years. And it is pretty easy to calculate the gains in dollar value while holding it. Give it time, we are still in the growing process of a new monetary system. We're not yet at the S-curve adoption, but not that far away. I expect one more crazy bull until Bitcoin is tamed and well honored amongst the other financial classes and assets.

You may have a point, it depends on someone's perception but of course, the majority will side with banks. Its norm since then and bitcoin is breaking this standard. Our parents, grandparents or the older generations have little to no idea about this cryptocurrency. They grow with saving is through piggy bank, though it is a good idea to teach saving in younger years, today is different.

There is no need to keep shitcoins. Except they aren’t really shitcoins.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.

I suppose it could also mean a calculated risk with nothing to lose because if the trash useless coins have been purchased and a loss has been made there should be no harm in storing them just in case they might go up in value over a period of a couple of decades.

It is probably a matter of either seeing the glass half full or half empty - each to their own I guess.

but yet I would claim that you are right. Keeping my currency stored in a bank account won’t help in anyways. This is because banking systems always offer little profits over your amount in longer durations as these are utilized in their private business development. On the other hand online wallets are supposed to undergo quick transactions and hence profits are much rapid.

This is correct, but let me add few things about this explanation of yours.

This is a great analogy but let me state this fact literally. It is true that old coins value more right now than before (in your grandma's era) but not all of the coins you will put in a box will going to have a big value in time, no, only few of them will, because people will find something unique about it and they will put a huge price on it.

And let's go back to cryptocurrency, I agree that bitcoin will have greater value in the near future than altcoin, because obviously, it is their origin, if there is no bitcoin, there would be no shitcoins and other altcoins in the market right now.

Brruuuh, I don’t really get what you’re saying here ;D. Lol, if you’re saving a coin in your piggy bank and you’re saving for so many years, let’s say twenty to thirty, it’s definitely going to rust before you know what’s happening.

So, I guess this is just a quote. I wouldn’t tell my children to be saving money in piggy banks, there are lots of ways they can save value and also make interest. I will advise them to save their money and invest it. I will make them understand everything about investment and how it works, and the risks that are involved in it. They can invest in things like Bitcoin and Gold, and other assets and even bonds.

In the bitcoin once you keep it to the wallet your money will increase the value for sure but once you keep your coin in the pigfy bank like what your grandma said it will not increased it unless the coin is hundred years or thousands years old so just tell your grandma why she did not keep coin before so they will give and the value will rise after few century because once you keep the coin today the value will rise only after few centuries and you die that day for sure.

Well i will definitely tell them to keep those coins that they have now because of the chance that it's value will increase but of course you should store it in your own wallet or hard wallet and not in banks because of the risks it has but it only goes to cryptocurrency but when we talk about physical money or coin then you should keep it because it will be a rare thing in the future and some people are obssessed with it and will definitely buy it in a high value.

The analogy was quite off. For one, you're comparing antiqueness to Bitcoin, whereas Bitcoin cannot be antique. Oldness of coins are what makes them special, because they have one quality, being rare. Bitcoin, with the same idea, would be rare or hard to get, simply by demand of people to it. Though this crosses the border between an asset and a currency, which the latter is the main objective of Bitcoin, not a collectible.

Put money in piggy bank to save. This reminds me of my childhood memories. Now it's time to put money into the piggy bank. This does not help you to make a profit, you put money into the pig, even though 1 day, 1 week, 1 month, 1 year or 20 years still have no value increase or decrease. If you put money in a bank, it will increase over time.

It is not the same as putting money in a piggy bank, in the world of fiat if you put money into your bank account for a long time and save, you may get a bit of savings account but the value of your money also drops as well, in bitcoin its a currency that will get rarer and rarer with time so you are both gaining money while saving plus the money you saved also getting some more value as well.

I know that bitcoin price hasn't gone up in a minute now and everyone is still pouting over that $20k times and how we are not there yet but in the end we all know that bitcoin will go up in the long run so saving bitcoin is much much better than saving fiat at this point in time. However, there is a time when selling bitcoin will make sense as well, anything over $20k and I am sure most of us will sell as well.

Shitcoins?! no never I am not going to buy and HODL shitcoins I'm actually trying these shitcoins in my wallet, and trying not to participate in airdrops and bounty campaigns for projects that I think will turn out to be shitcoins, these are a waste of time trying to work, invest and HODL these shitcoins, sometimes it's not good to listen to your grandma if he does not know what shitcoin is.

Really?  I think that was huge amount now if you continue filling it up with your money.  To be honest having a piggy bank is very helpful especially in times of need. You can also used it to get what you want but first of all you need how to save and budget your money a day. 

It was really a great idea for saving money because you will regret if you destroy your piggy bank at a wrong time. But for me its not about using piggy bank it is all about how you manage and spend your money into a dmart way.

Why would you keep your bitcoins and shitcoins in banks (or even keep shitcoins at all)?

I'm assuming that if banks offer to hold our cryptos for us, it will be the same set-up as we currently have with fiat. We deposit our money, they lend it out, pay us minuscule interest and then deduct the holding fee. In the end we don't earn much really. If that was the case might as well just send those bitcoins into an exchange and use it for trading, keeping some amount totally untouched for security.

Exactly. People lend to bank their funds because they're afraid to lose money most of the time.
However any bank can become bankrupt any moment if the country is in bad situation.
It is always safer to invest in good projects // huge companies

Even without the bank going bankrupt, anything saved in there is losing value. The only money we should store in the bank is fiat and mostly out of necessity and never above the amount insured.

Very few coins that are described to be shitcoins have grown high over the years while majority of the coins go downwards close zero. In the early days people prefer to save what they earn out of the routine job. Now people have begun to give importance for investment than saving.

By now we can have the comparison between holding on a custodian banking service and on our own wallet. Here people who doesn't want to take risk find banking service to be worth it while the one who prefer risking and look for higher profiting go for holding on own wallet.

I'm not sure bitcoin in the future will remain as popular in the future as it is today. Keep it continuously until old will make us bored. it is better to buy land and rent it out to someone else than to save old coins which may not be of high value in the future.

Nothing is certain when in talks with future and you decide if you do have this thing on mind then its your choice because having a physical business
is much more better specially when you do lease or rent out some property.So to be wise then its better to diversify anything as long you can able to.
Just think off on how you would utilize your funds for the future.There might be failures but the most important thing that you do still have options
to make money.Nothing is assured as i say.

There are some account that yields more when you save in though it be little especially depending on how large the money is, but it is always better to take the pain of investing if you really want to make profit.. nothing increases the coin in the piggy bank but grandma's believe saving will always be an advantage against wasteful spending

The world has gone soar, this advice rarely comes to fruition in this generation. If you apply the aforementioned principle in this day cryptocurrency business,  you do loose everything when the whales pull out.

right, saving will be better than spree spree without any benefits. increasingly advanced era, many people understand inflation, maybe because in the past inflation was not as big as now, so saving money in the bank will make a prosperous family economy, but now saving money with investment will be more profitable to overcome inflation

I can't trust any custodian bank service. I know it may be silly. But there are a plenty of crypto wallets, I can buy even a cold wallet. So why do you need a bank?

leaving some money to save at home is a good way,
but even better if you buy assets such as gold or a house, or maybe bitcoin

Yes, it is always good to save some foods and it will surely help us to in our future activity in that, Bitcoin is one of the best options for holding them in the long term. If we compare with the past, the price of Bitcoin is giving good profits to people who believed in Bitcoin.

Banks are not paying good interest over the capital you keep under their supervision. At times governments stop you even from withdrawing your own money and that really feels awful. I will recommend same for banks. Only keep an amount that is easy to withdraw and don’t trust banks with your all money. Keep some at home as well. I prefer keeping jewelry at home rather than in banks.

First of all form of storage matters how much it will get value in future,if you buy bods worth of value and keep them for longer time it will go higher but if we keep the fiat money in banks or in our personal storage it is going to lose its value due to inflation.

But crypto currencies are something different since it has limited supply and it is not possible to alter the value of total quantity so chances of value will be higher when we keep them.

Not really that even close with BTC possible profit in short time no matter how good the offer or interest rates of banks.
Heres an example and little bit outdated on how much banks can offer and these are the top ones.
https://www.reinisfischer.com/highest-deposit-rates-world-country-2018