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marcoman22
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February 06, 2017, 06:37:23 AM
 #81

I dont know about the challenge.
If you want to know whether saving in fiat or bitcoin, which will yield more profits at the end of 52 weeks,Bitcoin would yield you more profits.Even though bitcoin price is highly volatile,now in the current situation,Bitcoin is performing very well.We could see that on the first week of january, most of them predicted that bitcoin price would fall to $500 again, but it didnt happen. Instead bitcoin price recovered from $750 and now its almost around $1015.
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February 06, 2017, 06:55:53 AM
 #82

this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..
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February 06, 2017, 07:53:41 AM
 #83

Whether it is bitcoin or anything else, saving is always important. When it comes to bitcoin the profit or the earning gained is high compared to any other asset saving. 52 week saving plan is a better one, when considered as a additional earning to make living better.


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February 06, 2017, 08:06:33 AM
 #84

I dont know about the challenge.
If you want to know whether saving in fiat or bitcoin, which will yield more profits at the end of 52 weeks,Bitcoin would yield you more profits.Even though bitcoin price is highly volatile,now in the current situation,Bitcoin is performing very well.We could see that on the first week of january, most of them predicted that bitcoin price would fall to $500 again, but it didnt happen. Instead bitcoin price recovered from $750 and now its almost around $1015.
Theres really a difference regarding on saving bitcoin compared to fiat and as you mentioned bitcoins price is volatile on which it has really the possibility that your savings would grow bigger because of moving prices of bitcoin which means its really worth it to save it on longer runs. 52week challenge is saving up for a whole year.

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February 06, 2017, 09:00:22 AM
 #85

this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..
I agree with you. My financial teacher taught me that saving money is equivalent to leaving money die. The inflation always there and it will slowly kill your money. Therefore, I always looking for an investment or other ways of making money in order to grow my Bitcoin. I have to collect more Bitcoin if I want to become rich in the future


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February 06, 2017, 09:06:51 AM
 #86

You will save more with bitcoin and it grows unlike putting the fiat in your drawer it will not grow and will just stay in its value. But it is just harder when it is with bitcoin. The temptation is always there, you could sell anytime to be brought back to fiat or other currency which have sure value. Just like now, it grows more and more and the exchange button is just there. Maybe you could lock it up if you want nothing to do with it yet.

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February 06, 2017, 09:15:57 AM
 #87

Never tried the challenge. It's hard to do without a regular job. IMHO though you are still better of saving in btc... and not converting it to fiat. BTC price do fluctuate but it has been on a steady climb. Even if you just saved some bits and never touched it again for a year, you'd see an increase. After you're done with the challenge you can then invest the money in other bitcoin-related stuff. Of course you might still want some traditional investments, just to spread the risk out.

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February 06, 2017, 09:24:41 AM
 #88

Never tried the challenge. It's hard to do without a regular job. IMHO though you are still better of saving in btc... and not converting it to fiat. BTC price do fluctuate but it has been on a steady climb. Even if you just saved some bits and never touched it again for a year, you'd see an increase. After you're done with the challenge you can then invest the money in other bitcoin-related stuff. Of course you might still want some traditional investments, just to spread the risk out.

Yes unless you have a regular job, it won't be much effective. Bitcoin is moving rapidly and as a user you are meant to play with the rise and fall too, not to save.
In short, the word 'saving' is not meant for bitcoin.

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February 06, 2017, 01:01:23 PM
 #89

Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work? I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?

Never heard of this thing also, but I think that this is effective, if, you are really not going to be tempted to use your bitcoin and buy something that you wanted to buy, and to getting straight to the point, Yes, saving bitcoin is more effective to earn more money or can save more money than saving fiat. Since bitcoins price is always increasing and decreasing, but mostly this time it is increasing so, so you can earn more profit by this and convert to fiat after 52 weeks. I'm sure you can get more money that you can ever imagine than in saving fiat.

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February 06, 2017, 01:36:27 PM
 #90

Yeah this is a good idea saving bitcoin for future of btc price and if you hold it while the price is low, there could be a big chance to generate high profit when the time came for btc currency price will goes higher. When the price is high, you now have the opportunity to sell your holdings depending on the amount you want and its best also if trade your bitcoin to altcoins trading.
yeah i am quite agree with you i think rather than 52 week money challange or any think else saving of bitcoin for the long term always gave you profit and it will also help you in difficult situation in future when you need money desperately and if your price of bitcoin increase per week it is much better.......

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February 06, 2017, 01:45:09 PM
 #91

this challenge only give you roughly $1300 in a years(52 weeks) i'm not a fan of saving in generally, i prefer always to earn more

as long as you have a better revenue you can spend more, saving only lead to buy less and less and it doesn't help the economy to grow of your country if everyone would do the same as you..

More you give, more you have. I think saving is good option for people who earn a lot and they can put money on a side from time to time. I spend all my money, and I don't have enough to put something on a side.

If I decide to save one day, it will be in bitcoins or gold. That is better then saving in any some fiat currency.


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Pettuh4
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February 06, 2017, 01:50:51 PM
 #92

It's best to save especially Bitcoin as the prices keep going up on a daily basis; its currently th best investment/trade out there in the cryptocurrency world so I would admonish you to rather save up Bitcoins now because I suspect it to skyrocket by December.

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February 06, 2017, 02:16:30 PM
 #93

Yeah bitcoin saving is good and great opportunity is waiting for the future, because holding bitcoin is profitable when price becomes higher in the economic movement of digital currency market. Eventhough you're in a hardest moment of decisions with your investments, you are capable with btc earning good profit along with the movement of its price.
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February 06, 2017, 02:21:25 PM
 #94

Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work? I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?
I am putting aside money every week and buy bitcoin with that each week.

Best way to safe up money.
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February 06, 2017, 02:23:51 PM
 #95

Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work? I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?

I'm familiar with the challenge & I think it's a good idea. In my opinion based on bitcoin's performance over the last 12 months or so you'd save more by doing the challenge with bitcoin.

Good luck.

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February 06, 2017, 02:27:35 PM
 #96

I already decided for myself to put 20% of my monthly bitcoin earnings on the side. it is not some huge money to me, but in the case if bitcoin will rise to 5000$ I will get very good money from it. and as i heard some experts promissed the price for bitcoin in the value of 10000$!
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February 06, 2017, 02:29:01 PM
 #97

Yeah bitcoin saving is good and great opportunity is waiting for the future, because holding bitcoin is profitable when price becomes higher in the economic movement of digital currency market. Eventhough you're in a hardest moment of decisions with your investments, you are capable with btc earning good profit along with the movement of its price.
In any aspects, saving money, time is so important in our life. Also with bitcoin, if you will save every week at least 10%of your bitcoin earnings then it would be a great investment for us and an opportunity to increase our bitcoin as well as investments.
I didn't have the chance to think of it, but, it is a great idea. Let me try this and see result at the end of the year. Hoping I can make it.

.

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drwtsn32
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February 08, 2017, 04:04:21 AM
 #98

My friends have been doing the 52-week challenge since a while now. Not in bitcoin but in fiat.
I think it would be more difficult when you do it in bitcoin because it is easier to earn in fiat than in bitcoin. Everyone knows that.
I can't imagine where should I get that big money when I'm in the last weeks. Maybe I can do it if I start very low.

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February 08, 2017, 05:37:06 AM
 #99

Is anyone in here familiar with the 52 weeks money challenge?
Since it is new year I've decided to take that challenge as a refresher and to try if I can save money using that pattern.
Question now is do you think saving with bitcoin will work? I you are familiar with the 52 week challenge it is where your daily deposit in your saving will have an increament of which amount you started in week one. Since bitcoin is so volatile do you think i'll save more if it is in fiat or in bitcoin?

I never heard of it, does 52 weeks money challenge have a link? can you send it here? anyway, regarding about your question. yeah! it is the right time for you or us to save bitcoin, because I really sense that before end of this year 2017 it will goes up from 1500$-2000$ or more. Because the demand of the of the investors are so hot in bitcoin. That's all I can say.

                                 
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February 08, 2017, 06:06:30 AM
 #100

Even without the 52 weeks challenge anyone who don't wants to get broke should by default learn how to save in time of surplus. But saving in the case of bitcoin could either turn out to be the best decision or just be the worst decision and the reasion is just the majority, sees it as a commodity which can be traded therefore having effect on its price which swings at will. For me, I will want to save in a more stable currency.

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