Bitcoin is a good way to store money?

[Woshib]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

[yayayo]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

You have to be more precise, it's not entirely clear what you want to say.

Any good investment is also a good store of value, as long as it remains a good investment. So of course you can buy Bitcoin with your fiat money, if you expect that Bitcoin will not loose or even increase in value compared to fiat. That's pretty straightforward.

In case you are referring to Bitcoin's volatility you are asking a question that you are already answering: If you want low volatility and already expect Bitcoin being stable, then of course it may be suitable for you. If you want low volatility but don't expect Bitcoin fulfilling your wish, then you should stay away from it.

So if Bitcoin is a good investment / good store of value for you depends a lot on your investment / storage goals and your expectation of Bitcoin fulfilling these goals. Of course there is no certainty that your expectations will come true, so you are always taking a risk when investing.

ya.ya.yo!

[stiffbud]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

Like what most people say, put the amount that you can afford to loose. We all know how volatile the bitcoin price is and that being said invetin all your money in it might not be a good idea if you will think that there is a possibility that the price will crash at any time.

[LFC_Bitcoin]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

Well that is the general idea & a reason why most people use it
You kind of answered your own questions.

[needyou]

I use Bitcoins to store my funds because it is just a good way to invest my money expecting to be increased in value in the future

[septian44]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

In such an unstable market, short term investing may be a safer alternative for investors. Short-term investing allows investors to invest their money with little or no risk, while knowing their money is not going to be tied up for long periods of time Price stability exists when average prices are constant over time

[Kprawn]

A lot of people have protected the value of their money, when the value of their local currency has begun to plummet... they buy Bitcoin, and then wait out

the storm, until the price corrects and then convert back to the fiat currency. If you live in a country, where your local currency are in a free fall, you should

consider buying some Bitcoin to hedge against these losses. Bitcoin has seen the best growth over a long period of all other currencies in the world, for the

last two years. 

[Sergiorr101]

of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

[BTCLovingDude]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

actually it is not the best way to store your money.
as much as i love bitcoin i have to say it is still risky to invest in bitcoin, especially if you are not a trader and you want to invest a large amount of money. it is good for smaller amounts though.
and as a currency or for spending it is still an excellent choice.

[virasog]

of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?     A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

[croato]

In my opinion, Bitcoin is great way to store (invest) money. Sure, i would not recommend you to jump all in with all you have but investing reasonable amount of real money in Bitcoin could give great return in time. It is revolution in money and as i see it, decentralization of money is bigger jump for money than jump from coins to paper money.

[xIIImaL]

Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

Obviously it's a good investment in your real business and we can store the bitcoin like how we are storing the money in bank.
By bitcoin you can purchase things, you could to able to the trade overseas by bitcoin transaction and you could you as the payment for it.

[sabbirshm]

of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?     A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

Yes, bitcoin can be hacked and we should aware of it. You should not put all your bitcoinn on a exchange site.Its risky.

Back to topic,

I think bitcoin is good option to store money. We can use it anytime and most important it's tax-free. Again, storing bitcoin can give you some profit.

[arcanayou]

of course bitcoin is a really great way to store your money, in my opinion it is impossible to hack bitcoin

Are you sure about this that bitcoin cannot be hacked ?     A few month ago biggest Bitfinex exchange was hacked and people were deprived of their hard earns coins.

Yes, bitcoin can be hacked and we should aware of it. You should not put all your bitcoinn on a exchange site.Its risky.

Back to topic,

I think bitcoin is good option to store money. We can use it anytime and most important it's tax-free. Again, storing bitcoin can give you some profit.

absolutely agree and its the best way

[jak3]

Well the price is really matter for many people everybody can not put their money on something which is not stable but i think if we take a little then we can access the whole world with bitcoin

[calkob]

Yeah i think bitcoin is a good store value as long as things stay stable with the code and there are no disastrous bugs that arise

[mindrust]

Yes it is a good way but definitely not the best. Actually there is nothing as best when it comes to make financial decisions. You can think banks are the safest place to hide your money, but its proven that they are not. Same with bitcoin, it looks safe but you'll never know...

[Taki]

I think bitcoin is the good way to make money generally. Look, every one chose for himself or herself that way, it can be investing, trading, gambling or what ever. The result is the one - you make money or loose. Well, l prefer just to make money here with commenting and when I save some good amount on my wallet I cash it out when the price for bitcoin is satisfy me.

[bitdumper]

Yes bitcoin is the good way to store your money and maybe as one user said it is not the best but it actuly showed us that how secured it is.any hacker can nit just hack my wallet and transfer my coins on somewhere else until he had my private key but paypal or other are hackable even bank has defects

[Osarman]

It is really a good way to store your money in bitcoin because bitcoin is very safest and useful currency than other currency and bitcoin increasing its price very faster .