btcwonder1
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Activity: 54
Merit: 10
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April 05, 2017, 08:40:09 AM |
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Similar to what Unamis76 said, I will only comment on the last part since I have never taken the 52-week challenge. If I were to choose between saving in fiat vs saving in BTC, I would always go with BTC. Although the currency is highly volatile, it most often takes currency's value up rather than bringing it down. This is because the number of BTC users is on a constant rise, which ultimately results in value appreciation of the currency. on the other hand, fiat only tends to decrease in value over time. so for me, its Bitcoin over fiat any day.
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There is always more to learn about Bitcoin at www.btcwonder.com
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Sled
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April 05, 2017, 09:42:54 AM |
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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?
Doing the 52 weeks saving challenge is the best in fiat rather than in bitcoin because as you said that bitcoin is very volatile to its price and the amount that you started will not be consistent in every week saving, So i think it is best for you to just stick and do the challenge in fiat rather than using bitcoin because it is less hassle and you will not encounter confusion like volatility of the bitcoin. |
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coynedterm
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April 05, 2017, 09:49:18 AM |
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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?
This is really a big question in logical ways because the main thing that I found in the bitcoin is that we can make better earning of we have patience . Here the Investment of our savings should be deposit into bitcoin again or altcoin or in bank is depends upon the legality of the bitcoin Because the Investment will remain safe if the bitcoin is fully legal but what happen if you saved in bitcoin and bitcoin declare as illegal in your country . And absolutely the bitcoin is as saving is more profitable than Fiat or bank money . |
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danherbias07
Legendary
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Activity: 3108
Merit: 1114
Leading Crypto Sports Betting & Casino Platform
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April 05, 2017, 09:53:38 AM |
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Similar to what Unamis76 said, I will only comment on the last part since I have never taken the 52-week challenge. If I were to choose between saving in fiat vs saving in BTC, I would always go with BTC. Although the currency is highly volatile, it most often takes currency's value up rather than bringing it down. This is because the number of BTC users is on a constant rise, which ultimately results in value appreciation of the currency. on the other hand, fiat only tends to decrease in value over time. so for me, its Bitcoin over fiat any day.
Yes. The fact that there will be no more addition to the bitcoin number defines it all. If there is a growing popularity into which one wants to own a part of it, it becomes more valuable. One example is gold, although they can still mine it someday it will be depleted. That makes it valuable. Saving thru bitcoin is the most wise decision for me. Thinking there will come a time that every satoshi will count. This 21 million bitcoin will not be enough for so many users. Subtract the ones that are lost. |
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Rajchandu
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Activity: 38
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April 05, 2017, 09:55:20 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
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hajimasan
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April 05, 2017, 10:01:45 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
Right but still here we need to invest our savings in the bitcoin in wise way . Here already most of the friends mentioned that what will happen if the country declare it a illegal . So here I have the idea to save in bitcoin and also get the profit . Here I think we should invest our savings half in the bitcoin and half in the bank money . In this way we will have the half risk to loss the bitcoin . Beside the risk , we should always remain positive that bitcoin is legal and safe and nothing will happen with us if it get declared as illegal Because we can sell bitcoin for PayPal money . |
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YuginKadoya
Legendary
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Activity: 3038
Merit: 1169
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April 08, 2017, 05:29:33 PM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
Right but still here we need to invest our savings in the bitcoin in wise way . Here already most of the friends mentioned that what will happen if the country declare it a illegal . So here I have the idea to save in bitcoin and also get the profit . Here I think we should invest our savings half in the bitcoin and half in the bank money . In this way we will have the half risk to loss the bitcoin . Beside the risk , we should always remain positive that bitcoin is legal and safe and nothing will happen with us if it get declared as illegal Because we can sell bitcoin for PayPal money . Sure enough bitcoin is legal, yeah your saying that in other counties bitcoin might be illegal but there are many countries that are surely accepting bitcoin a legal as other currency, and why would you sell your bitcoin for paypal considering bitcoin had many use now a days and why not just exchange bitcoin with fiat money I think it is more convenient that way! |
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bncbnc
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April 08, 2017, 08:40:25 PM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
yes that is very right to say. i am also in favour of saving bitcoins for a long term. as in long term investment there are so many advantages. as i long term investment there are very little chances of losing money. |
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easynote
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April 09, 2017, 02:55:22 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
It depends on the person's goal and when they need to gain more Bitcoin's. I've found most of Bitcointalk users and people on YouTube trying to giveaway some of their coins or trade them for something that will benefit them somehow. Most of them don't really want the money or they act like they don't want the money because they let most of their Bitcoins go when the price is real low. Proper calculation shows that everyone that invested in Bitcoin at the right Bitcoin Exchanges when it was 2016 and under made money from having Bitcoin in their wallets. |
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romero121
Legendary
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Activity: 3164
Merit: 1213
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April 09, 2017, 03:06:08 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
yes that is very right to say. i am also in favour of saving bitcoins for a long term. as in long term investment there are so many advantages. as i long term investment there are very little chances of losing money. If calculated bitcoin provides a very big profit on the savings than any other form of saving. If you analysis the growth experienced from the day of its existence, the price has moved up gradually with fluctuations taking place often. So saving in terms of bitcoin gives assured profiting. |
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Mvaporis1961
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April 09, 2017, 04:02:56 AM |
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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?
Im not that familiar with the challenge but it sounds good.Depositting you savings in fiat to bitcoin will benefit alot and you have the chance to get more than the fiat value you deposited because bitcoins price is not stable and it rocket up sometimes.Depositing fiat will benefit you alot but just deposit at the right time.Also you can join signature campaigns here and add it in your challenge to for higher potential earning  |
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JENREM
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April 09, 2017, 07:10:55 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
@Rajchandu, im one of the people who see bitcoin as a good investment, i see it that it has a big potential. and i agree with you that when one invest, he must only invest what he can afford to lose. so that you will not regret. regards. |
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iqlimasyadiqa
Legendary
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Activity: 1596
Merit: 1011
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April 09, 2017, 07:27:23 AM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
yes that is very right to say. i am also in favour of saving bitcoins for a long term. as in long term investment there are so many advantages. as i long term investment there are very little chances of losing money. but we have to have other jobs. if we just keep bitcoin then we will not have an income every month. keep all bitcoin held as an investment is a difficult job. |
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(altair)
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April 09, 2017, 07:57:14 AM |
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Yeah im familiar with this so called 52 weeks challenge.We would recommend you to use bitcoins in this challenge.Also if you can do it the same time you can use fiats currency in saving to and deposit it to bitcoins.That will help you earn more ang bigger in 52weeks.
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marseille
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April 09, 2017, 01:20:28 PM |
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Its really a good idea to save bitcoin for the future and yes it is a good investment and there are lots of users of it do treat it as an investment but we should not fully rely on it because there are instances that prices might crash in the future thats why we just save or buy only the amount we can afford to lose up.
yes that is very right to say. i am also in favour of saving bitcoins for a long term. as in long term investment there are so many advantages. as i long term investment there are very little chances of losing money. but we have to have other jobs. if we just keep bitcoin then we will not have an income every month. keep all bitcoin held as an investment is a difficult job. If you have a full time job then you will get income in fiat which can take care of your expenses and in that case it will be much easier to save bitcoins for future and you don't have to do anything with it and simply hold it for the future. |
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easynote
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April 09, 2017, 05:24:40 PM |
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Yeah im familiar with this so called 52 weeks challenge.We would recommend you to use bitcoins in this challenge.Also if you can do it the same time you can use fiats currency in saving to and deposit it to bitcoins.That will help you earn more ang bigger in 52weeks.
Yeah, a little bit of Bitcoins deposited into a Bitcoin savings Wallet goes a pretty long way. Many of the Altcoin guys here like to play gambling games and spend small amounts every so often though when they check their Bitcoin Wallet and total up the amount of Bitcoins that they spent, they'll see that if they would've kept their coins they would have more money than they started with. That 52 weeks challenge sounds pretty cool too. |
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doggieTattoo
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April 09, 2017, 05:35:13 PM |
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I am trying to save my bitcoins but sometimes I cannot do it on regular basis as if I am in need of money then I sell my coins and exchange it to fiat so that it can take care of my expenses but saving them for future is the best thing to do at a moment.
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kikeda
Sr. Member
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Activity: 364
Merit: 250
Super Smash Bros. Ultimate Available Now!
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April 10, 2017, 11:21:47 AM |
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I am trying to save my bitcoins but sometimes I cannot do it on regular basis as if I am in need of money then I sell my coins and exchange it to fiat so that it can take care of my expenses but saving them for future is the best thing to do at a moment.
Everyone is busy in collecting and keeping them safe in their wallet and waiting for price to reach to the moon but I have not saved enough bitcoins as my earning in bitcoins is too low but may be in future I will manage to earn some more bitcoins. |
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machinek20
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April 10, 2017, 11:24:59 AM |
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Yeah im familiar with this so called 52 weeks challenge.We would recommend you to use bitcoins in this challenge.Also if you can do it the same time you can use fiats currency in saving to and deposit it to bitcoins.That will help you earn more ang bigger in 52weeks.
Yeah, a little bit of Bitcoins deposited into a Bitcoin savings Wallet goes a pretty long way. Many of the Altcoin guys here like to play gambling games and spend small amounts every so often though when they check their Bitcoin Wallet and total up the amount of Bitcoins that they spent, they'll see that if they would've kept their coins they would have more money than they started with. That 52 weeks challenge sounds pretty cool too. It is very cool, but it is so hard to do especially your earning is not too much, and I failed the 52 weeks challenge only managed to save 4 weeks, but it will be very great if anyone can survive it, it need great determination and some extra money to do the challenge |
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phaddie
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April 10, 2017, 11:41:00 AM |
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I have 2 bitcoins in my wallet which I have earned from signature campaign and trading and now I have a plan to invest 0.5 btc in some new altcoin so I am doing a research on it and will invest when I find the right coin can anyone suggest me some good altcoin to invest at a moment?
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