Bitcoin is a good way to store money?

[diodio5]

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

yeah risk of storing the bitcoin is getting losses due to price changes fast enough on its own bitcoin. fluctuations in bitcoin make investments in bitcoin be quite risky. so my advice do not use all your money to invest in bitcoin because it would be too risky

[danherbias07]

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?

Already doing it like a storage of my excess funds from my salary. But still whenever I am kreping a lot, something will come up that makes me withdraw some. Though it is still profitable even if it didnt stay for a long time.

[mk4]

It's a good way, but theres always a risk. Price drops etc.

[martinacar]

Yes bitcoin is exactly what you described in the title actually. "A good way to store money".
This is because with bitcoin you could earn a potentially very high interest rate depending on how it goes. But bitcoin have always been profitable so if you know what you are doing you can actively store and make money.

[Doms]

I think in this regard, it is more of an investment (that involves risk) rather than a way to store money. Bitcoin's price, as we know, is very volatile and can make your money increase or decrease. If we are talking purely of storing money without it losing value, then bitcoin might not be the best place for it. But if you can take the price dips once in a while and you have the patience to hold, it will work to your advantage in the long run.

[ObscureBean]

Absolutely not. There is no guarantee that Bitcoin will even be around in 10 years. If you want a store of wealth for the long term, you need to find something that has intrinsic value by and of itself. You won't find anything that can provide 100% guarantee your wealth will be safe, land and gold are probably 2 of the best options. Land will always be valuable simply because it is limited and people need to live somewhere. Gold is also limited and is not just pretty to look at, it's actually got unique desirable properties that reinforces its value. Bitcoin on the other hand has no value by itself, it's not even physical, its very existence depends on electricity.

[tampazeus]

Yes bitcoin is exactly what you described in the title actually. "A good way to store money".
This is because with bitcoin you could earn a potentially very high interest rate depending on how it goes. But bitcoin have always been profitable so if you know what you are doing you can actively store and make money.

Bitcoin is surely a better choice to save money in compare to saving in fiat as inflation will kill your savings in future but if you have stored your money in bitcoin then you can expect higher amount if price goes  higher in future.

[lexuz]

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

Only two way you will face in bitcoin, your money grow or decrease. that the fact you will get in the end when you have decision to sell bitcoin, the good idea is storing your money in bitcoin that you can afford to lose.

[Pursuer]

bitcoin is a good way to invest your money but if you are looking to just store your money and keep the value then bitcoin is good and safe but you may lose some value especially if you want to only keep it for a short time. but long term it becomes both safe and profitable for you.

[Wandering Soul~]

I don't think so cause there is no guarantee that bitcoin will exist forever but I think that bitcoin is a good way of investing and just like any other form of investment, there is always a risk so just invest an amount that you can afford to lose

[umaOuma]

I don't think so cause there is no guarantee that bitcoin will exist forever but I think that bitcoin is a good way of investing and just like any other form of investment, there is always a risk so just invest an amount that you can afford to lose

Don't put all your money in bitcoin as no one is sure what will happen to bitcoin in future, so its better to diversify our wealth in different products to reduce the risks.

[ajun96]

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?

Already doing it like a storage of my excess funds from my salary. But still whenever I am kreping a lot, something will come up that makes me withdraw some. Though it is still profitable even if it didnt stay for a long time.

I think it would be impossible for bitcoin to be stable on their prices? I think that makes a lot of people interested in bitcoin is because bitcoin has fluctuations that can make many people benefit in a short time. but my advice is one thing. do not invest or use all of your money in bitcoin

[Jeremycoin]

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 actually just answered your own questions. If the price is stable, then Bitcoin is a good way to store your money. But when the price is fluctuating, then it's not the best time to store all of your money.
But however, if you do believe on Bitcoin and you believe that it will not let you down, then you could store all of your money on Bitcoin.

[Rubberduckie]

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?

It's a good way to invest if your confident that the price is stable or
willing to risk it.  On your question about storing it. Its very easy to store
and much easier to travel with. You can carry paper wallets and not claim it
when leaving the country or flying on a plane. If your a big gambler or trying
to take money into other countries bitcoin can be very handy if you have liquid
ways to exchange it.

[Xenophoto]

I believe that Bitcoin is a good way to store your money compared to storing your cash somewhere in your house. You can transfer your Bitcoin into fiat right away using your Bank account just if ever you needed to spend it. No hassle there. The main advantage of Bitcoin over storing your money with cash is the chance that if you store your Bitcoin for a very long time, when you come back, the price would be higher than what it was when you deposit it. There'll be a significant profit by just storing your money.

[gerXhonza]

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?

Already doing it like a storage of my excess funds from my salary. But still whenever I am kreping a lot, something will come up that makes me withdraw some. Though it is still profitable even if it didnt stay for a long time.

I think it would be impossible for bitcoin to be stable on their prices? I think that makes a lot of people interested in bitcoin is because bitcoin has fluctuations that can make many people benefit in a short time. but my advice is one thing. do not invest or use all of your money in bitcoin

Price fluctuation is a best source to make quick profits and most of the user are taking advantage of it and if price gets stable then traders will not love to see that.

[Hellacopter]

Its not only good way to store money, but also a profitable way to make money as well , as the Bitcoin's price is rising highly, it will be the best opportunity to the Bitcoin's holders to make real earnings

[Clement Kaliyar]

I am sure corrupt government officals will find crypto currencies as a solution to hide their wealth as well,yes it is really a very good way to store money,you dont need to hide you wealth in swiss bank or in the bahamas, just a strong password and an offline wallet in all you need to hide your wealth.

[CyberKuro]

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

yeah risk of storing the bitcoin is getting losses due to price changes fast enough on its own bitcoin. fluctuations in bitcoin make investments in bitcoin be quite risky. so my advice do not use all your money to invest in bitcoin because it would be too risky

You're right, never put all eggs in one basket, so no one will ever use all his/her money to invest in bitcoin because they have daily life to financed and you should always have some funds of fiat money on your savings. I think it's a good idea to storing money in bitcoin even just quarter of your salary every month as savings for your future as we can see the price of bitcoin always has increased every year.

[dezoel]

I dont think storing money in bitcoin is a good idea, even the price is stable but its quite risky necause when you store your money you expect your money to grow or at least stay still, but storing money in bitcoin can cause your money to decrease, so i think its not a good idea to store money in bitcoin form

yeah risk of storing the bitcoin is getting losses due to price changes fast enough on its own bitcoin. fluctuations in bitcoin make investments in bitcoin be quite risky. so my advice do not use all your money to invest in bitcoin because it would be too risky

You're right, never put all eggs in one basket, so no one will ever use all his/her money to invest in bitcoin because they have daily life to financed and you should always have some funds of fiat money on your savings. I think it's a good idea to storing money in bitcoin even just quarter of your salary every month as savings for your future as we can see the price of bitcoin always has increasing every year.

Yeah saving money in bitcoin is good but not all of your earnings, as in future bitcoin may fall back so its better to put a part of salary in it and rest in some other investments.