Bitcoin is a good way to store money?

[richardsNY]

So far Bitcoin has been a great store of wealth tool for me. Yes, I have bought my coins far below the current price, so it's easy speaking for me, but in general Bitcoin can be a great store of wealth for everyone. You have to know and accept the risk that the volatility brings with it. If you have done that, and know that you'll not sell your coins in panic when the price goes down, then you'll do well. Patience is also important. Storing money is a long term thing.

[SmartIphone]

Check the comparison of bitcoin with fiat and other currencies http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
I think bitcoin is a good way to store our money but not all of them, I don't prefer to store 100% of my money in bitcoin because bitcoin is not stable.
Fiat most of the time is more stable than bitcoin but if we like to invest then bitcoin is a good way too to make a profit or loss.

[fkvidar]

So far Bitcoin has been a great store of wealth tool for me. Yes, I have bought my coins far below the current price, so it's easy speaking for me, but in general Bitcoin can be a great store of wealth for everyone. You have to know and accept the risk that the volatility brings with it. If you have done that, and know that you'll not sell your coins in panic when the price goes down, then you'll do well. Patience is also important. Storing money is a long term thing.

Yeah if you are putting money in bitcoins then you need to hold it for a long term to take best benefits from it and if you have saved enough number of coins then you can make great profits from it.

[neochiny]

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

Good as in, it's a new avenue / option / opportunity. As long as you make a profitable investment, then it's good.

Storing bitcoin can be for price speculation due to volatility, ( you shouldn't count on the value being stable, we aren't there yet)

Aside from volatility and investments, it's also good for its ease of access/use for payments with the low fees for transactions worldwide.

[SquallLeonhart]

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

Good as in, it's a new avenue / option / opportunity. As long as you make a profitable investment, then it's good.

Storing bitcoin can be for price speculation due to volatility, ( you shouldn't count on the value being stable, we aren't there yet)

Aside from volatility and investments, it's also good for its ease of access/use for payments with the low fees for transactions worldwide.

Money transfers with bitcoins is the best thing to do, transactions are so fast and instant that no other payment system can cope up with it.

[MingLee]

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?

Bitcoin is a pretty good way to invest your money if you're into more risky ventures, however it is a pretty good way to store your money if you can get it at a discount, and it is quite good for holding money and keeping money safe that you don't really want people following for example. It depends on your goals, but for most people getting it at a discount would be a great way to store your money.

[Sharma]

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?

Yes we can convert oir fiat to bitcoin and keep it safe in wallet.I also do it everytime I have some extra money,I buy bitcoin with it and keep it in wallet until i need money

[VanDeinsberg12]

Heh.... I think this is not my first time to saw about the op's topic.  and the another previous threadis discussing about shit question. the op is already having anser i sure about that.. 

[BossMacko]

That is what i am doing changing my money to Bitcoin and storing it. I am taking the risk hoping that someday everything will went according to my plan and i will profit a lot. With the current unstable market i am getting tempted to turn it again to flat but i was able to overcome it and keeping it still as a Bitcoin.

[pearnapple]

So far Bitcoin has been a great store of wealth tool for me. Yes, I have bought my coins far below the current price, so it's easy speaking for me, but in general Bitcoin can be a great store of wealth for everyone. You have to know and accept the risk that the volatility brings with it. If you have done that, and know that you'll not sell your coins in panic when the price goes down, then you'll do well. Patience is also important. Storing money is a long term thing.

Yeah if you are putting money in bitcoins then you need to hold it for a long term to take best benefits from it and if you have saved enough number of coins then you can make great profits from it.

i buy some bitcoins from time to time and im willing to hold it for like a decade or so, i hope that it will make me some good profit easily

[mk4]

very prone to rises/drops. But longterm, I think it would rise. like maybe in a decade or so.

[machinek20]

bitcoin is a good way to invest your money, its one of the best investment, however i dont suggest you to store all of your money into bitcoin, we dont know what can happen in the future and also there are no institution or country or person that is able to defend bitcoin when something happen, so you can invest in bitcoin but dont put all of your life saving in bitcoin

[vero]

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?

both of that chance, bitcoin can be the place to store your money but the other side your money can grow or decrease its back how goes the price on the market maybe the most of us call it investment.

[DOGE12321]

I guess it is in a way. It is hard to get hacked, but if you store it in a USB it is easy to lose. Moreover, the price is also very volatile compared to other fiat.

Therefore, I wouldn't store all of my Bitcoin in one go. I spend some and store some. But like you said, it is a good way to store money.

[dearbesz1219]

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?

I just can't get the exact what is your trying to intend to this question, I think YOu need to be accurate about this matter. But if you are asking where to invest it, Well investing into bitcoin is good a decision, now if the price is very stable all you need to do is to keep it or hold for awhile then wait til it increase before sell it.

[mk4]

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?

I just can't get the exact what is your trying to intend to this question, I think YOu need to be accurate about this matter.

Most posts here in the forums are so broad.    Like the other post that says "How to motivate women to use Bitcoin?".

[BeginnerCoin]

Bitcoin is not a good or "safe" way to invest. However, we would say it's a very good speculative commodity/currency hybrid, depending on which government or agency you're talking to.

Keep a small amount in Bitcoin and a larger portion in "safer" investments. It's unknown which scenarios would present a surge in Bitcoin above $1,000 as it was before, but it has held as a fairly stable currency since the last crash.

No one can really answer your question for you, but I certainly would not advise putting your entire nest egg into Bitcoin. But a portion makes sense, and the younger you are, the higher the portion you could consider.

[Dr.Osh]

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.

Well, I agree that bitcoin not the best way to store your money, you have a point. But I don't think it's not good to store bitcoin as investment in a large amount (depend on how much do you think about the amount), as we can see that the price of bitcoin keep increasing every year so if last year you have 10btc/$400 in your wallet now it would be $270 profits each btc.

[Mr. Big]

If you are planning to just "store" your money in form of bitcoin, I don't think that it is a good way to keep it specially if you are using it in your day to day transactions and your transactions are in fiat.. But if you are planning to keep it longer in bitcoin and you believe that price will increase, then no problem about it...Also, if you keep it in bitcoin as an investment and use it to earn more, I think that's fine... 

[JeffBrad12]

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?

I can't say bitcoin is a good way or not because it depends on with the people's implementation, sometimes that is can turn into the good way and another time turns into a bad way. I never think the price will stable the changing of bitcoin price has always happened for every time.