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Author Topic: How do you store your fiat currency?  (Read 3355 times)
eminem90
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September 21, 2016, 02:19:26 PM
 #21

I try to buy bitcoins and I am serious with that...
Whenever I get a chance to buy it lower, I do that as I know I will make profit...
That way, I store it digitally and get something for the same... Wink
Bitcoin will replace paper money , and I think it will happen in the nearest 20 years . And the fact that you are actively acquire Bitcoins proves that you think about your future
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Racey
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September 21, 2016, 05:44:24 PM
 #22

What goes into my bank account, goes straight out again, its always empty.

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a7mos
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September 21, 2016, 09:39:28 PM
 #23

In banks !. this will be the normal answer for anyone. as long as you are in a country with stable economy and you are not in a war zone, banks are still the best option to store your money safely
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September 22, 2016, 11:35:00 AM
 #24

I'm curious how people with a lot of currency; even if it's just $7,000.00, store it?

I've seen it done a lot of different ways in the US.

I never have that huge amount of money , but i would prefer to put it in a bank if ever i had . Better to have a savings bank with an interest than just storing it on your own because you are prone to use and spend it on the time you want to have fun Grin also i am open for some investment as well as the business franchise .

DuddlyDoRight
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September 22, 2016, 05:44:11 PM
 #25

I'm curious how people with a lot of currency; even if it's just $7,000.00, store it?

I've seen it done a lot of different ways in the US.

I never have that huge amount of money , but i would prefer to put it in a bank if ever i had . Better to have a savings bank with an interest than just storing it on your own because you are prone to use and spend it on the time you want to have fun Grin also i am open for some investment as well as the business franchise .

Sad thing is in most countries even rural parts of Europe $7,000 or even 7,000€ doesn't do anything unless you're just blowing it on electronics and food.. It will buy an okay used car or start a 10+ year profitable investment plans.

Basically in most countries if you have less than 25,000 don't expect much..

I have faith that one day this forum will get threads where people won't just repeat their previous posts or what others have already stated in the same thread. Also that people will stop acting like BTC is toy-money and start holding vendors accountable. Naive? Maybe.
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September 22, 2016, 07:20:44 PM
 #26

I will save all of it in the bank or investing in real estate then rent it for make my life easy and use a little to buy mining hardware.

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September 22, 2016, 07:25:20 PM
 #27

In a fucking bank, sadly.

I don't have 7.000.000$, only a couple hundred k's. But I don't feel safe, not one bit. More like I feel like I am in a serious danger. I ll keep them for another year till i buy a house then i will divide my future wealth in gold and bitcoins. (Mostly in gold, %90-%10 maybe)
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September 22, 2016, 08:13:45 PM
 #28

Savings account at an old and well-regarded bank. Interest I get is very low, but I can make large withdrawals as I wish, and without prior notice. Real estate is nice, but it takes too long if you need your money fast.
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September 23, 2016, 03:24:19 AM
 #29

In a fucking bank, sadly.

I don't have 7.000.000$, only a couple hundred k's. But I don't feel safe, not one bit. More like I feel like I am in a serious danger. I ll keep them for another year till i buy a house then i will divide my future wealth in gold and bitcoins. (Mostly in gold, %90-%10 maybe)

Basically you can pay cash for junk like a volume-construction home in a development or blow it on a high risk investment portfolio. Unless you go to a country or state where a dollar has half a century old inflation but you will get robbed or shot.. Like Detroit MI or Bangladesh. $200,000 isn't too hard to get; I see construction contractors get that level all the time and I've gotten fractions of that rapidly doing engineering and programming inside a quarter.

I have faith that one day this forum will get threads where people won't just repeat their previous posts or what others have already stated in the same thread. Also that people will stop acting like BTC is toy-money and start holding vendors accountable. Naive? Maybe.
entrepmind23
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September 23, 2016, 05:24:36 AM
 #30

I store my fiat currency in a bank. It's not that much but at least I earn an interest and it's better to store money there than put it in my house with the risk of being stolen or being spent to my wants not needs. I have two bank accounts for now and planning to add one that has no ATM card and for emergency cases only. For now, my earnings are just enough for day to day needs but time will come when I have extra and then put it there as an emergency fund.



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September 23, 2016, 09:37:40 AM
 #31

I open a deposit account in a bank. And the money saved and still get the top percentage.
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September 24, 2016, 07:49:47 AM
 #32

Store currency? Why? Spend it or put it into something else. Currency is the only investment that promises to lose value... through inflation.

Cool
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October 06, 2016, 03:04:19 AM
 #33

Bank, but mostly in Bitcoins an alt coins. Can't help it. Not that I have a lot of money.
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October 06, 2016, 03:07:02 AM
 #34

7000 $ is not that much.

if I had to save 7000 $, I would deposit 2k in saving account / 2k in a checking credit union accoun / 2k in cash / 1k in BTC

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October 06, 2016, 12:37:05 PM
 #35

I keep my savings in the bank. Or buy them on Bitcoin, invest in gold
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October 06, 2016, 01:07:56 PM
 #36

I keep the money in a Bank account or buy anything in order to sell more expensive. Keep in bitcoins I'm afraid. I don't trust bitcoin.
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October 06, 2016, 02:39:55 PM
 #37

It is desirable that the money is not lying idle. Money needs to generate income, but if you don't know where they invest the better that are in the Bank.
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October 06, 2016, 03:05:39 PM
 #38

I keep my savings in the bank. Or buy them on Bitcoin, invest in gold
Bitcoin the currency is not reliable, and gold is constantly changing in price. On the conversion, you will lose more than earn. Keep to the Bank.
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October 06, 2016, 10:55:29 PM
 #39

I'm curious how people with a lot of currency; even if it's just $7,000.00, store it?

I've seen it done a lot of different ways in the US.
if a have that money i'm store my money in bank, cause for now is a save way to store money in bank cause any guarantee if have some problem with my bank account, but if i have more than $7,000.00 i will separate to gold bitcoin or exchange in another currency like USD GBP and EUR etc
you are doing pretty reasonable . Bitcoin will only grow , and gold is always a price , since it is not izavisit of the economy of any state

for $7,000.00 i will separate to bitcoin for $2,000, my saving bank account for $3,000.00, and the rest i will buy some investment on real life like buy house and i think the price of that house will be increase year by year.

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October 06, 2016, 11:38:18 PM
 #40

Well banks is the only way to save or store our fiat for safety this is one of the good benefits that your money is safe. but there is no benefits that your savings will increase more unlike to save it as bitcoin that you can make more profit if the price is increase in the future.

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