Saving bitcoins

[tech_solutions]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

[deadpoolx]

There is no bitcoin bank that exist in the internet right now,
And I think that there would never be one cause bitcoin was created for decentralization and for anonymity of all of it's user.

yeah because of course using only the wallet, more secure, without administrative costs, without verification identity, so I think saving bitcoin in wallet will be more comfortable than in bitcoin bank

Some people may prefer to use banks if they are able to provide some guarantees. But I think that the use of such a service to store Bitcoins would not make much sense because, in addition to the fees, banks are centralized, and are heavily influenced by governments. The advantage of Bitcoin is that, as they say, you can be your own bank.

[mornabo]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

banks will not be suitable for implementation in bitcoin. bank system that is centralized and open to make decentralization and anonymity of bitcoin will disappear? you still want to use a bank?

[PhilPrime]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!

Ya it is true that bitcoin is different from bank but still most of the users want the bitcoin to be like bank, but they are not realizing that bitcoin is online currency and it has its own values.

banks will not be suitable for implementation in bitcoin. bank system that is centralized and open to make decentralization and anonymity of bitcoin will disappear? you still want to use a bank?

I use both still, though these days I prefer using bitcoin for its security nd easy transactions. Using these we can knew already if we got the right amount and if it send accordingly plus the fact that it can increase by just saving it.

[eann014]

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 you do not know that bitcoins cannot be saved in banks they are not adopted and accepted by banks so you if want to save them in banks then you will need first to convert these bitcoin to fiat and then store but with that you will miss the benefit of bitcoin price increase.

true, it is better if we make our bitcoin stay in our btc wallet so that it increases the value of your bitcoin and you can earn even if you don't do anything at all. Just make sure don't withdraw all your bitcoin so that some of your bitcoin will grow.

[gandame]

Saving bitcoin is advantage because you can sell it in when the time of bitcoin price will spike higher and you gain profit from it. Holding bitcoin for a long time will surely benefit you as months passed by because if you sell while the price is low it doesn't make sense for profit when that time you dump.

[deisik]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!

Right now we may really not see a lot of reasons for that (benefits therefrom)

But that's simply because there are no Bitcoin banks around yet. By Bitcoin banks I understand our regular fiat banks that offer various Bitcoin services. There are quite a few such use cases. First, banks can't start accepting bitcoins unless explicitly allowed by the government. But when (if) they are allowed, merchants will likely get allowed as well, to accept Bitcoin as a means of payment (e.g. big online retailers). This is second. Obviously, they might be willing (read allowed) to accept bitcoins only from "white" Bitcoin addresses (i.e. those which are used by such banks), and therefore people may find Bitcoin banks useful for online shopping

[Money Maker Shaker]

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

It'll also be difficult because there's no such thing.  Why do people want to link bitcoin with banks?  Makes no sense to me.

What I'd like is an online stock brokerage where you can deposit bitcoin and buy stocks after converting the bitcoin to cash.  But depositing bitcoin in a bank?  Hell, no!

it is simply because banking system is what they are mostly familiar with, it is what they understand easily. so they want to go back to that system.

also there are some benefits such as giving you profit,...

[paul gatt]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

[Amph]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

there is a way to do it and make it look like you are savign and earning interest, and it work good for short term it is called loan

with bitcoin you can earn very good interest on any deposit by lending your coins, i see it as a form of saving, just be sure that he/she have collateral....

[20kevin20]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.

[rainingbitcoins]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.

Investing it anywhere involves a huge risk as you don't know what would be the end result will so if you have enough bitcoins then the best choice would be keep them safe in your wallet and hold them for the future as it is predicted that price will touch new heights in future so when it reaches there sell them and grab the huge profits.

[noictib]

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?

Actually fluctuations in the bitcoin price is a natural thing , which is making it more lovely online money .
Here I will suggest to turn your bitcoin profit into the fiat from exchange sites , and make small amount of deposit in the wallet of bitcoin for long time .
Since daily fluctuation of bitcoin is about 10-20$ but it is not much profitable because of much difference in the buying and selling price . So if you will hold some amount of bitcoin in wallet for long time then you can make big profit , but if you will convert all of your btc into fiat and deposit into the bank then probably it will be best to say that " money in bank is like a constant property ,whose value will go down time to time " .

[legendbtc]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.

Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.

[ManOnTheMoon]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.

Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.

That's right saving money in banks will give you limited amount of returns and you won't be satisfied with that outcome but if you have saved your money in bitcoins then it can give you better returns as the price of bitcoins keeps on moving up and down so when it reaches to the peak you can sell your bitcoins to make more money out of it.

[doomistake]

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?

Here in our country(Philippines), the biggest bank here in our country just announced that they are accepting bitcoin in every transaction with them, but I am not sure if they are already accepting bitcoin as an investment on them, and also, I am sure that you are from different country so you can't invest bitcoin here because we have different currencies. Maybe asking google if there is a bank in your place where they are accepting bitcoin as an Investment, but there is a low possibility that there is in your place, because banks that accepting bitcoin is very rare.

Investing bitcoin in gambling sites or HYIPs would gives you a big chances to invest your bitcoin, but, it is important first to know that risks that you are going to face when you are going to invest your bitcoin in this two options that I have mentioned. You might also try to use your bitcoin in Trading because in this, there are only few risks than Investing on gambling sites and HYIPs.

[roadbits]

I do not understand why you ask questions like that, you should be researched more about Bitcoin. Currently, the world does not have any online banking, you can not save in banks Bitcoin. There are plenty of places for you to send money to and receive profits, however, all of them are HYIP and PONZI,they are created to scam. I advise you not to participate in it, because you could lose all the money you invested in it. Don't participate!

Not all of them are HYIP and PONZI schemes. You can invest in a casino's bankroll and make a small profit out of it, but that's risky too. Or you can lend your money to someone and get back more than you sent which is, again, profitable but risky. To save your money you can be your own bank and save it on paper wallets.

Investing into something other than banks is always risk, if you are ready to face risk than you have freedom to make any type of investment you want.Like lending, gambling, trading etc every where risk involved so you need to be very careful when investing into those. Better start saving your money in banks or bitcoin, but when compared to banks bitcoin will give more profit.

That's right saving money in banks will give you limited amount of returns and you won't be satisfied with that outcome but if you have saved your money in bitcoins then it can give you better returns as the price of bitcoins keeps on moving up and down so when it reaches to the peak you can sell your bitcoins to make more money out of it.

Saving money in the bank will give less satisfaction, but this is safe our investment will not go down, and at least we will get some interest for our investment. The bitcoin saving will give you huge profit, but only if the price goes up. We don't have any trust on bitcoin price it may go up or go down. When you must need money that time if the price down means will you sell your coins? It's loss am I right. So invest only your extra money in bitcoin then you will not face any problem.

[carlisle1]

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?

well if there's a bank to your country where you can deposit your bitcoin how do we know how much does the rate will be . so far, there are still no banks for bitcoin and if you decided to save your bitcoins much better to just store it to your wallet and keep it rather that making a deposit to banks .

[Carmen_Sandiego]

If you decided to make that decision, the service would certainly charge you significant fees compared to the use of conventional wallets. Also, I would see no reason to pay a higher value for such a service, since the security level would be much higher in using an offline wallet, or even an online wallet such as blockchain.info.

[jakelyson]

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?

Even if there is a bank that you can deposit your bitcoin,  you do not want to do that. It is better to keep your bitcoin out of reach of banks or government. You can still keep it very safe in your own way if you want. You can use hardware wallet or paper wallets to keep your bitcoins. It is better that way. If you put your money on a bank, government will have access to it and can freeze your funds if they want to.