lissandra
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April 22, 2016, 05:29:46 PM |
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I am trying to save my money into bitcoin on regular basis as if everything goes fine in future then my savings will grow in the best possible way.
You are doing saving money by investment but a better solution can be investing some percentage of your money in bitcoin and not all of it. It all comes down to how much risk he is willing to take. In a way investing in Bitcoin now is a good choice, because it has good prospects for the future, but at the same time it might not be the best choice because we might be going back into a slump. Not saying it is going down all the way, but the average is slipping a bit. I`m assuming like most people, but generally people stick to risking very mininmal. Its why you see most people use tradtional forms like 401k and not the stock market lol. Heck they see bitcoin alone not even worth bothering about.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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April 22, 2016, 05:55:47 PM |
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I am trying to save my money into bitcoin on regular basis as if everything goes fine in future then my savings will grow in the best possible way.
If your plan is to save your money in terms of Bitcoin, then keep on using all your hard earned bitcoin. I think there are better methods to save those bitcoin with highly secure mobile applications. Yes he have to search for and have to apply some secure means , in order to keep secure his coins from the hackers, otherwise everything will be the same but his coins will be in the hands of some other person. Its not that easy to hack someone's coins from his wallet, I think that is impossible and keeping some money in bitcoin is always good thing to do. It's only difficult to brute force someone's wallet's private key, if they gain access to your computer otherwise it isn't too difficult to steal Bitcoin from your wallet. If you get viruses, it is entirely possible for people to start stealing your stuff.
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JumperX
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April 22, 2016, 06:02:29 PM |
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Saving money is not an easy thing to do, you need to have control on your expenses and if you can do it successfully then you can save a good money for future.
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Nimbulan
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April 22, 2016, 06:13:33 PM |
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Saving money is not an easy thing to do, you need to have control on your expenses and if you can do it successfully then you can save a good money for future.
i must admit that you are right that it is definitely not an easy thing to do to be honest though in my opinion its really possible if you dont gamble too much and dont waste your money if i were you i would most probably create a cold storage where i could put all my money into and save it up for the future in order to make money without any efforts
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HostSurf
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April 22, 2016, 07:22:37 PM |
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Saving money is not an easy thing to do, you need to have control on your expenses and if you can do it successfully then you can save a good money for future.
i must admit that you are right that it is definitely not an easy thing to do to be honest though in my opinion its really possible if you dont gamble too much and dont waste your money if i were you i would most probably create a cold storage where i could put all my money into and save it up for the future in order to make money without any efforts Gambling and buying stuff you don't need are your 2 biggest enemies. If you want to save make sure to control your spending habits. From there it will go steady but easily.
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rekinthis
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April 22, 2016, 07:27:26 PM |
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Saving money is not an easy thing to do, you need to have control on your expenses and if you can do it successfully then you can save a good money for future.
i must admit that you are right that it is definitely not an easy thing to do to be honest though in my opinion its really possible if you dont gamble too much and dont waste your money if i were you i would most probably create a cold storage where i could put all my money into and save it up for the future in order to make money without any efforts Gambling and buying stuff you don't need are your 2 biggest enemies. If you want to save make sure to control your spending habits. From there it will go steady but easily. well i think that buying of a small things that you want that doesnt cost a lot of money will not have a lot of negative influence on your money in my opinion, though i dont know much about that also you can buy more bitcoins in order to save it for the future, i know that the halving event is incoming and it will happen really fast so the price will be pushed significantly
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terman45x
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April 22, 2016, 07:33:15 PM |
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Saving money is not an easy thing to do, you need to have control on your expenses and if you can do it successfully then you can save a good money for future.
i must admit that you are right that it is definitely not an easy thing to do to be honest though in my opinion its really possible if you dont gamble too much and dont waste your money if i were you i would most probably create a cold storage where i could put all my money into and save it up for the future in order to make money without any efforts Gambling and buying stuff you don't need are your 2 biggest enemies. If you want to save make sure to control your spending habits. From there it will go steady but easily. well i think that buying of a small things that you want that doesnt cost a lot of money will not have a lot of negative influence on your money in my opinion, though i dont know much about that also you can buy more bitcoins in order to save it for the future, i know that the halving event is incoming and it will happen really fast so the price will be pushed significantly Buying now and saving till halving would be the best thing to do, as if you can save money in bitcoin now then it can grow in next couple of months.
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expert4knowledge
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April 22, 2016, 11:09:14 PM |
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Don't waste it on useless things and also need to try earn more than u speding on useful and needed things. The best way it patience and power of will.
It is good to have a plan for our spending and even little money that everyone spends then try to make more and you can maximze your saving.
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blackmachinegun
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April 23, 2016, 08:27:12 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful
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fkvidar
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April 23, 2016, 08:33:38 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful Outflow should not be more then inflow or else you are going on a wrong track, and when you able to balance it you can save a lot for the future.
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CryingMidget
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April 23, 2016, 08:49:18 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful When your saving grows up, the price of goods and stuffs in market increase too, so I think value of your money doesnt change at all, although the amount is be increased. Thats why bank could give us high interest rate for our saving in time deposit.
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JessicaSe
Legendary
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Activity: 840
Merit: 1000
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April 23, 2016, 08:55:20 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful When your saving grows up, the price of goods and stuffs in market increase too, so I think value of your money doesnt change at all, although the amount is be increased. Thats why bank could give us high interest rate for our saving in time deposit. The banks in my country doesn't pay that good interest rates, so saving money in bank is useless, but if I save my money in bitcoins then it can grow in future.
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LoyceV
Legendary
Online
Activity: 3304
Merit: 16583
Thick-Skinned Gang Leader and Golden Feather 2021
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April 23, 2016, 08:57:32 AM |
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Thats why bank could give us high interest rate for our saving in time deposit.
That depends on where you live. Here a 10 year deposit gives at most 2% interest, and that is at a totally unknown foreign bank. The first big local bank gives 1.2% only for 10 years, which happens to be exactly the same percentage as you pay on tax on savings. So your money doesn't grow at all, and inflation (caused by the massive quantitative easing) eats through it. In 10 years you can easily lose 20 to 40% of its value.
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malphite
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April 23, 2016, 09:45:05 AM |
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I have a time deposit account that I can only touch every 30 days. That way I don't spend my money hehehe
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Fatanut
Legendary
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Activity: 1008
Merit: 1059
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April 23, 2016, 09:48:41 AM |
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I have a time deposit account that I can only touch every 30 days. That way I don't spend my money hehehe
This is a pretty good way to save your money. Since it is in time deposit, you'll not be able to withdraw your money from the bank unless the time is reached. Good job saving up your money and earning while doing so. Although time depositing gives you a very little profit.
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Bitcogamer
Newbie
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Activity: 7
Merit: 0
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April 23, 2016, 10:09:47 AM |
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Try to decrease your expenditures and try to increase your income with hard struggle, so it will automatically start saving your money.
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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April 23, 2016, 10:18:19 AM |
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we should not be saving money, but money must be invested, because saving leads to nothing ..... every year inflation eats up the money and devalues them Money is Strong when moving my 2 silence cent
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arwin100
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April 23, 2016, 11:20:26 AM |
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we should not be saving money, but money must be invested, because saving leads to nothing ..... every year inflation eats up the money and devalues them Money is Strong when moving my 2 silence cent It is your opinion bro but savings is very good idea for people who wants their money to be use in future and if they save their bitcoin and let it be save for yeare i think they can earn with that because the price will rise as halving events come, and as you can see the past of bitcoin many people get rich by saving their bitcoin and they get profit for their effort and patience.
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extrabyte
Legendary
Offline
Activity: 840
Merit: 1000
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April 23, 2016, 11:29:39 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful and don't get involved in bitcoin. stay away from bitcoin if you want your money should be safe. if you think you can gamble and increase your money. then you are wrong. if you need to save your money make a good plan for it and don't interfere in gambling, ponzi scheme and scam investments
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peta4e
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April 23, 2016, 11:34:36 AM |
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To save money needs careful planning on every expenses that you have,writing all the necessary details on all your expenses monthly and dont waste your salary towards unneeded things will help you save money.
yeah you still have to be careful in doing planning in managing money. that's very importantbecause before you become rich. You must manage your finances. it is impossible to become rich without a plan. so write all charges purposes and so on in a sheet of paper or excel. it would be helpful and don't get involved in bitcoin. stay away from bitcoin if you want your money should be safe. if you think you can gamble and increase your money. then you are wrong. if you need to save your money make a good plan for it and don't interfere in gambling, ponzi scheme and scam investments Yeah gambling can never be profitable in long run, if you have good number of bitcoin and you want to make money out of it then just hold it for next few months and you will earn good profits.
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