Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.
it's not easy at bitcoin, because we have full control at bitcoin, in fiat, bank will hold our money, so we can't touch our money, and we can't use it, bu\t in bitcoin we can touch it, send it, and of course we can aces the prive key, so it's not easy to open saving bitcoin wallet. Yeah i see it hard to control once self in spending his hard earned money. So people tend to find a third party to keep their money for them, but still I think it is only a psychological matter. If the person is really into saving, He can save it no matter what is the situation. Most are saving 5% to 10% of their income. So why not control yourself and try to save this amount. You are right, if you really are into saving, you can save 10% of your salary. But there are also too many temptations to spend money. Like when you go online, there are a lot of ads of online shops on sale and you will be tempted again to spend. It is hard to control that especially if you have your money at hand. If others are keeping it for you, then you will not be spending that easily. |
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Aside from the Bitcoin that I'm buying here and there as an investment, I'm definitely spending my Bitcoin in one form or another. I guess if you count part of my exchanges into fiat as being a form of spending my Bitcoin anyways.
I might spend more in the future, but for now I'm a scrooge and I find it hard to spend money.
Now is not actually a good time to spend as we are still in the early phase of bitcoin, we should be more focus on investment now and save and invest our bitcoins for a long term, the future will tell and we will be ripping the fruits of our labor, just be patience to be successful in our investment. It is no helping it if we are in need of money. Like me, I hold my bitcoins until a good price, but sometimes there is a sudden need that I have to exchange my bitcoins to fiat. But if I have a choice, I will definitely hold all my bitcoins until the price reaches thousand dollars a piece. |
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Buying bitcoins now as a time to hold some, I feel we're going to enter a pretty good market at this point.
Seems as if the market is going to rebound with a loud roar.
Hopefully you are right. I have been holding my bitcoins for a long time now. And I hope I will have a good profit by next year or before the year ends. Hopefully no more hacking or bad news that will dampen the growth of bitcoins. |
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i think saving money is better than investment .
Yeah, but for how long will you save money? If you are going to save it for very long time, you can save it in bank, and that is investment as well.Saving in a bank is not an investment. Bank savings does not earn anything but a percent per year that cannot even compensate inflation rate. If you want to grow your money, then choose investment. But choose an investment that is not safe and do not go for hyip or ponzi. |
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I would consider accepting bitcoin as a salary. The only problem is that all my bills have to be paid with fiat so I would have to convert. Also, I don't know of any businesses or restaurants in my area that accept bitcoin.
I also have the same problem. I cannot spend bitcoins directly. But I will be open to accept bitcoin as my salary. If I do not spend part of my bitcoins, it will be like an investment that can quickly grow. It is a good benefits of directly receiving bitcoin as salary. |
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No i am not going to do that at all.Quiting full time job for bitcoin is really risky and will be a foolish decison according yo me.Bitcoin is a highly volatile currency first of all so not good for having full time income in bitcoin because we have to manage our daily life just according to it.I use bitcoin as my extra income not full income.
Others can find earning bitcoin better than their current job, so it is okay for them to quit their job. But if you are not still fully trusting bitcoin, no one can force you to quit your job. Just continue doing what you are doing, earning bitcoin part time. |
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I would say best way is to invest them in trustable service and wait for few years.be patient and you will see the result.you can also invest them in altcoins ,most of them are really successful.
Not all altcoins are successful. Most of them actually went scam after the developers hyped it and cashed out in profits. There are very few altcoins who lasted and still in good reputation. It is very risky to invest on new altcoins. It is better if you just invest on bitcoin or at least on a stable altcoin. |
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i think invest at great altcoin is best option. like buying ethereum classic, Im buying ethereum classic at 280.000 sathosi and now the price rising to 470.000 . if you give me 10btc i will double it with altcoin trading  There is still no guarantee that you will profit in ethereum with what is happening with it. Actually there is no guarantee that you can profit in any alt coins. Except for a few solid alt coins, they can easily be scam in just a blink of an eye. For me, bitcoin is still the best, leading, and will continue to soar high among other coins. It is just hard to rely our assets to other coins other than bitcoins. It is just my personal opinion though. You cannot ignore other emerging coins in the market. Some coins have potential to compete with bitcoin. Some have adjusted their coins so that they do not have the weakness of bitcoins. |
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I recently lost my mobile phone so I have to dip my hands into my savings. I am a little careless when it comes to my gadgets, with an average loss of one gadget per year. With that, I have to spend on a new phone and have to sacrifice some things to cover up for the cost of the phone. I am usually better at managing my money when circumstances are normal. But when things like this happen, it disrupts the natural flow of things for me. Guess I have to allocate a separate fund from now on.
That should teach you to take care of your stuffs. That is also included in managing your finances. Extra expenses are really hard to handle. But it will train you to be better on managing your money because the budget is tight. Hopefully you will not lose any more gadgets in the future. |
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I just recently had to convert some of my bitcoins to fiat because I ran out of funds unexpectedly. Normally, I would just hold much and just spend a little on load credits and bills payment. I hope the time will come that the buy and sell price wouldn't have much of a difference. Maybe that is the exchanges' way of earning from their clients. By the way, who determines the exchange rate for the exchanges? Is there a rule or policy that controls exchange rates?
That is their own set of rates that close to the exact price of bitcoin. There is different rates to cover all the expenses and services that those exchanges are giving out to satisfy their clients. But they have no right to set their rates to really a low one because in the first place, no one will use their exchanges sites if the rates is really terrible. You are right. I have been to a lot of exchanges and have seen different prices specially when you are buying bitcoin. Some are really using it for their greediness. Anyway I do have a choice. They cant force me. Even there are exchanges out there they would definitely differ in pricing since its also an investment some exchanges may charge too much and some would charge a little amount which some buyers would definitely choose on which one is better. It is the same in fiat, there are different rate for each bank in exchanging US dollars. But in fiat, you can check Central Bank as basis how much is the price. But in bitcoin, i think to each is his own on giving price to bitcoin. |
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yeah I know it's up to you to use your money according to your wishes. but bitcoin have limits to do shopping. The limitation as least stores that accept payment with bitcoin? how to spend bitcoin ?
I think, how to spend bitcoin most convenient way is to shop online. Or you do a way that is often done by people that redeem bitcoin you have with currency of your country. This is almost done by everyone as it is still scarcity of physical stores that accept bitcoin. thanks But it means you don't use your bitcoin for shopping but you trade your BTC into fiat money or balanced and using that for online shops. Why the stores s always become a problem for bitcoin? Because bitcoin is not yet fully adopted by all merchants. there are only very few merchants who accept bitcoin as payment. Worse in third world countries where only bitcoin exchanges accept bitcoins. It is hard to spend bitcoins directly without exchanging it to fiat first. |
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what you will chose amomg them.and why do the banks are afraid of bitcoin.why banks are not much smooth and faster like bitcoin.if banks start accepting bitcoin as payments then will it became a revolutionary for us?can bank can solve our mining or money curculation probems.
i use both, because if i want to buy something very fast from local shop i can use my bank credit card I don't understand why people are letting us choose between the two when the world is more wonder if we have different variety of payment method, I personally use both as I want to spend my money with an ease, I have bitcoins but in our country only few stores are accepting so I need to use my credit card. My thoughts exactly. Why should we necessarily choose one or the other? Can't we use both whenever it's appropriate? Actually I am really against this "war" between Bitcoin and banks or between Bitcoin and fiat. I think that they may peacefully coexist. I think the government will not let us live in peace either. They will try to destroy bitcoin once it affects fiat directly. they control fiat and the live in the benefits of fiat. they cannot control bitcoin. So I think there will always be war between bitcoin and fiat. |
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I do have bitcoin because it gives me ability to earn in a much simple ways as a student i surely do have to buy all the requirements which sometimes my parents cant afford. That is why i was very thankful to know about this forum
Bitcoin sure helps students earn money while studying. It also helps those who cannot get regular jobs to earn some money. But we should not just focus on the immediate benefits. We should also remember that bitcoin is here to free us from the bound of fiat. |
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Currently im buying a lot of them.
Price seems good, i expect it to rise in few days, that is why im still holding some and buying even more
That is good, even if it does not rise right away, in the near future it will surely rise. So you have a chance to double your money if that happens in the future. |
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Saving money maybe the most stupidest way to lose your money. Why? Because even if your money is inan bank savings account every year you lose in Inflation your money depreciates its value and you don' t know it. So maybe investing it is a better choice.
saving money as in having money aside for when you need it is a good option. but if you save money just for the purpose of earning interest, then it's not a good idea. to avoid seeing your fiat holdings decrease in value people should always choose to invest a part of their wealth. that's the only way how you can avoid seeing the value of your wealth turn into hot air. Saving money and setting it aside must be the way on how you silently or blindly make you money decrease. I mean if you set money aside inflation will decrease your money's buying power. While Investing it in atocks whicha has an annual 20% return is not bad and actually beats the inflation rate of most. You will still need to save. Though it is true that investing can beat inflation rates, it is still good to have some savings account. You can easily pull your money from your savings account when you need it. But you cannot easily pull your money out of an equity. It will take days for the processing. |
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You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.
In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money. Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it. Even if you are only earning a small amount, you should prioritize saving. Savings is your stepping stone for future success. If you do not save and you spend all your money, then you cannot invest. Save small amounts of money every payday. Then if you receive more, save more. If you save enough, open an investment. Your investment will make way so you will be financially free in the future. |
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After see this topic paypal or bitcoin?, i'm curious who have paypal account these days. Do you still have paypal account even though you have bitcoin? I still do have my paypal accounts and I still receiving my money in paypal. There are still some online jobs that do not pay in bitcoin, so it is still not good to let go of paypal. But as soon as my online gigs stop paying thru paypal, I'll let it go. |
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I could have voted for 2-3 options like gambling as well as using it as the currency and also the reason fuck the banks . But only could have select one i have voted for gambling because this is the most i do with bitcoins so far.It has made gambling easy and let me to gamble even with pretty smaller amounts.
Just be careful with gambling. Too much gambling can lead you to become addicted to it and can ruin your life in the long run. If you can control it, then I think you will be okay. If not, better get away from it from time to time. |
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Hello btc users! Just interested - how do you spend your BTC bitcoins? Buy something, trading, maybe just collect and waiting for good price?  I invest some of my bitcoin for trading and buy some great stuff on amazon also I spend some of my bitcoin by buying games on steam. i also invest a lot of bitcoin into trading right now and i usually make some good money out of it, i think that bitcoin will give me a chance to become rich I hope that happens to you. I also do trading but in small amount. I do not have enough bitcoin yet to do a large scale trading that can ultimately make me rich. I hope someday I can get enough bitcoin to make large trades and be rich too. |
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We generally invest in bitcoin not because of high and encrypted security or digital transition.we invest them as they give us profit directly or indirectly.yes bitcoin have compact parameter which make it more flexible and reliable.
That could be right. Most of us invest in bitcoin because it has limited supplies, so the value will increase later. \ I invested also because of that and also because I believe in the blockchain. I believe that blockchain has unlimited possibilities that is why it will rise in value in the future. |
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