Saving bitcoins

[Lalafell]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

So far there are no banks that will allow you to save bitcoins on their vaults. Why not just let it grow to your wallet because when the price is increasing, your bitcoins value will also increase upon selling. There are no certain rate on how much percentage you will get upon depositing or letting your bitcoins in your wallet.

As of now there’s no bank who allow accepting bitcoin as deposit of their costumer. However, you save your bitcoin in your online to keep it safe and secure. Saving bitcoin is like saving real money that will define your future and also to sustain all your need in your daily life. Lastly, save more bitcoin and I guess in the near future there will be a bank who totally accept bitcoin.

[btctousd81]

as per the bitcoin history it has been more than bank's interest in multiple times.
and you cant deposit bitcoins in bank, as theree are not banks which gives interest in bitcoin.,
but what you can do , buy bitcoin and hold on to them, bitcoin prices keep increasing. and sell when you see fit.

[Vohoanghiep]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

I think no bank has accepted Bitcoin at all so it is impossible to send bitcoin to the bank

[DoublerHunter]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

I think no bank has accepted Bitcoin at all so it is impossible to send bitcoin to the bank

It is possible because you can withdraw your bitcoins like in coinbase to your bank account and it will become fiat currency. The impossible thing for me is to make bank and bitcoin together like they are just together, banks are accepting bitcoin as money deposit and also having bitcoin atm to their banks.

[bitcoinmasterlord]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

I think no bank has accepted Bitcoin at all so it is impossible to send bitcoin to the bank

It is possible because you can withdraw your bitcoins like in coinbase to your bank account and it will become fiat currency. The impossible thing for me is to make bank and bitcoin together like they are just together, banks are accepting bitcoin as money deposit and also having bitcoin atm to their banks.

Coinbase will send our BTC converted money to our bank account that means the banks are not accepting money they only accept fiat money. The coinbase will deposit fiat currency into our bank account. If we want to do a leagal transaction with bitcoin then 1st our governments accept this bitcoin next we want separate bitcoin banks.

[dunfida]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

What you mean about bank? Knowing that there are still no banks that do store bitcoins on which our own wallets serves already as bank on holding up our bitcoin. Its the best thing to store up our coins and be thankful on that rather than letting centralized banks do make handle of your coins. Better to keep it on your hardware wallet and just put up good security on it.

[adzino]

I agree with you that bitcoin is a good future investment, and as bitcoin develops rapidly this will certainly bring huge benefits to every user who keeps bitcoin as an investment.Maybe a few more years bitcoin price will reach the maximum price.

Can you define maximum price? What price do think will be maximum? And how could you say that bitcoin will reach maximum price? Its volatility might stop but it will never be stable, less volatile though. Remember price depends on demand - Do the rest of the thinking yourself.

[BitcoinSupremo]

Saving bitcoin is a good way to make an investment for yourself. Anyone with just a bit technology related education can buy and hold any amount of bitcoin, starting from the smallest one up to a very big one. Bitcoin is accessible to everyone who is interested for it and it lets anyone invest in it no matter what the capital of the person is. In my opinion that is one of the strongest point of bitcoin which we are not doing as much marketing for it as it deserves.

[Quantumplation]

NOTE: This message was originally not posted by me, but instead by someone who compromised my account.  I have deleted the content.

[thisappointed]

Since there is no bitcoin bank and I think bitcoin bank will never exist, it will be difficult to answer your question, but let assume that there is one bank that accepting bitcoin, I think the government will treat it like other currency, the deposit percentage will be lower and it will be hard to cash out

Saving your bitcoin in the bank is not a good idea in my opinion, because if you are going to convert it to fiat just to save it there to have profits? I don't think so, it is better if you are just going to save it on your web wallet or on any wallets where you could store your bitcoin and in that way, you could make more profits in the long run bigger than the profits that you could make in the bank.

I guess you just misunderstand what OP posted, the term "Saving" doesn't mean that you are going to save it on the bank, because we do know that there is no bank who are accepting bitcoin as an investment, even though there is, still, it is not a good idea to invest it there.

[suzanne5223]

That's a good question.  Due to the design of bitcoin, it is a bit difficult to "loan" them (remember that banking is effectively a loan where the bank pays you interest).

Bitcoins are not fiat, and therefore, can not be continuously printed.  Because of this, no one can guarantee to indefinitely keep paying out interest on loaned coins.  A horribly exaggerated example, just to make a point, is that if I somehow had 20,000,000 bitcoins in a bank, they could never pay me more than 1,000,000 total in interest just because of the limited supply.

Now, that's more on the theoretical side of things.  In practice, a major problem with loans in Bitcoin are the volatile price.  If the price rises suddenly, it could become more difficult to pay back interest; or alternatively if the price takes a heavy drop, the investor may lose money as what he is paid is less valuable now than it was at initial investment.

Actually, saving bitcoin is like saving real money that will help you in the near future. Furthermore, there are many people who save bitcoin because I think in the near future there is a possibility that price of bitcoin will increase. Also they save bitcoin in their online wallet. However, some people want to save there bitcoin in the bank and I think it is a good idea. As of now there’s still no bank who accept bitcoin as deposit of their costumer.

Shiversnow, I quite agree with you concerning saving bitcoin is saving money because I have see a lot of people which made millions of $ through that example is an 18yrs old boy Erik Finman. But concerning the issue of loaning bank bitcoin I'm unsure if that will work out fine but there are some thread on here where you can loan people bitcoin in other to gain an interest but you need to follow the right procedure.

[passwordnow]

I don't know if there is any bitcoin saving banks in the world but you can buy bitcoin and hold it in your wallet to save for future.

I don't know too if there's a bank that is accepting bitcoin. And it's better just to hold your bitcoins as the price keeps rising just keep on saving it. In the future you will experience the best thing about saving.

[Gheka]

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

So far there are no banks that will allow you to save bitcoins on their vaults. Why not just let it grow to your wallet because when the price is increasing, your bitcoins value will also increase upon selling. There are no certain rate on how much percentage you will get upon depositing or letting your bitcoins in your wallet.

As of now there’s no bank who allow accepting bitcoin as deposit of their costumer. However, you save your bitcoin in your online to keep it safe and secure. Saving bitcoin is like saving real money that will define your future and also to sustain all your need in your daily life. Lastly, save more bitcoin and I guess in the near future there will be a bank who totally accept bitcoin.

Currently, there are not any banks that accept bitcoin but in the future, there will definitely be banks for bitcoin. And in fact, I think having a bank for bitcoin or no is not important because we have online wallet, we just need to save and store bitcoin into our wallet, it will bring profit to us in the future. As you say saving bitcoin is also saving our money, it's even a lot better than saving money, saving Bitcoin is an ideal investment can help us become richer in the future

[Shutup]

Bitcoiners now are saving bitcoins because of price increasing.It really attracks the high offer of bitcoin in the future to save bitcoin.Because your small bitcoin will cost a big amount of cash,If the price hit for the future.Saving bitcoin is a sleeping giant when time comes it worth a million of cash.

[Visin]

Bitcoiners now are saving bitcoins because of price increasing.It really attracks the high offer of bitcoin in the future to save bitcoin.Because your small bitcoin will cost a big amount of cash,If the price hit for the future.Saving bitcoin is a sleeping giant when time comes it worth a million of cash.

It's getting less easier to purchase an entire Bitcoin through most Bitcoin exchanges because the price of Bitcoin is getting more expensive.
People are complaining about the transaction fee right now as well so when the price of Bitcoin goes up to a milli people will be all like "What were they complaining about again?"

[The_prodigy]

Bitcoiners now are saving bitcoins because of price increasing.It really attracks the high offer of bitcoin in the future to save bitcoin.Because your small bitcoin will cost a big amount of cash,If the price hit for the future.Saving bitcoin is a sleeping giant when time comes it worth a million of cash.

Yes it is. We earn bitcoin now because we want to save for our future. We want to have an investment for our future therefore we save our bitcoins. However there will be many people who will sell their bitcoins too early when bitcoin fluctuates, they are always do panic selling which is bad. We need to trust bitcoin when we want to save it for our future.

[nightxglow]

Wow that's really nice. Well, i kinda glad i save my bitcoin too. Because before, it didn't really worth anything and now, i can't even believe the small amount of bitcoin i earned before can worth this much!!
Bitcoin is really a good investment. But seeing you don't even need your job anymore means you gain so many profits from bitcoin huh? Nice of you. I'll trying hard to be like that too.

[Xenrise]

Well saving bitcoins is best for people that likes to invests and trade. Serves as an investment for their future and if the case is trading serves as their own money by trading it to their country's currency(Cryptocurrency to Country's currency).

[affandi]

This is a regret I feel right now. I know bitcoin since 2014 then ... ,, I try to collect bitcoin from faucet, trading, siganture campaign. But I'm stupid not to save the bitcoin, but sell it. And had stopped in early 2016, because it seems there is no price increase. By 2017 I want to start again, and try to collect it again. But what happened ,, !! The Bitcoin prices are fantastic, while I do not have the slightest bitcoin. This makes me very upset, why not from the first I collect and keep it until now. Surely now I already have a lot of savings from bitcoin

[Kateryna_Oli]

First of all the bank do not accept bitcoin at all and if any time when they start to adopt bitcoin ans will accept it then they will have the same rate which they have for fiat or dollar etc as it is determined by the bank administration according to their bank expenditures.

Maybe they will accept it under the pressure of most people who use Bitcoin?