Saving bitcoins

[jeraldskie11]

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?

The rate is depends on the bank that make not fail or exact only but there is no one bank in the world for bitcoin. For now you can only use Wallets. Don't worry for a wallet, it is also same in bank because you can save your money to both of them. You earn money in wallet because of the price hike but found only the network but its ok.

[zuyfg888]

We know what will be the best. We should not trust any one ideas, or decisions. You will be the one who will make your own decisions. For investment, you will be the one who will be the manager or be the boss on your investments. You must only take the risks on failures, but if you succeed, there a lot of possibilities to earn if you are having that kind of management skills.

[noel2123]

One possibility is investing your own bitcoins. A lot of money can make bitcoin more profitable. If are just aiming for short earnings, go for saving, but in the future, you will be thinking on large amount of earnings. For me, we should a large amount of capital to earn a lot of money.

[MFahad]

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?

Why you need to store bitcoins in banks. Better store local cash deposits in banks and forget about bitcoin. One of the reason why we use bitcoins is to get rid of banks and be our own boss with our money.
By the way, there are no banks which gives you bitcoin deposits or maybe you referring to web wallets ?

[chesatochi]

I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!

[gsrcrxsi]

I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!

Yes and saving money in banks will give you 2 to 3% annually and inflation will eat all your money but if you save your money in bitcoins then you can expect huge returns as price of bitcoins keeps on increasing and it can definitely give you better returns in compare to banks.

[richardsNY]

I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!

Yes and saving money in banks will give you 2 to 3% annually and inflation will eat all your money but if you save your money in bitcoins then you can expect huge returns as price of bitcoins keeps on increasing and it can definitely give you better returns in compare to banks.

What legitimate investment option doesn't give you better returns than what banks can offer? It's clear that banks don't need our money anymore, and thus it will be a matter of time before negative interest rates become reality on savings. If I look through the banks available in my country, then the best they can offer me is a fixed 1.25% interest rate for the duration of 10 year. If I opt to choose 5 years, then they will offer me an astounding 0.75% interest rate. It's peanuts, really.

[ausbit]

if you are thinking to store bitcoin directly in bank while not even converting to flat money..... i think it is not possible right now.... you have to exchange it into flat money before storing into bank so i think if you have to save it you should use any online wallet or any desktop wallet i think it is good for bitcoin

[SamsungBitcoin]

Saving bitcoin is like an investment and it also like saving of fiat in the bank because of the interest gaining for the period of time you put your money in the bank and bitcoin is much better now because of continuous increasing of its value.

[Jewell]

if you are thinking to store bitcoin directly in bank while not even converting to flat money..... i think it is not possible right now.... you have to exchange it into flat money before storing into bank so i think if you have to save it you should use any online wallet or any desktop wallet i think it is good for bitcoin

i think still thee is no bank which accept bitcoin. therefore everywhere if we want to store the income of bitcoin we much convert it 1st in fiat and after that we will be able to save them in banks otherwise not a single bank still accept bitcoins.

[Oralmat]

If you want to save your bitcoins, So why not you are using wallet? You know we all of them are using the wallet for saving the bitcoin. And i think you know that no bank accept the bitcoin, than forget to get the profit from bitcoin, than definitely you don't need bank percent age profit on bitcoin. Because bitcoin is already a profitable thing, if you only buy bitcoin than you can make profit from it, only hold it and look after the price of bitcoin.

[deisik]

I think is better that you buy a portion of your saving in bitcoin. Then you store your precious digital money into a hardware wallet and wait patiently that the price of bitcoin increase over time!

Yes and saving money in banks will give you 2 to 3% annually and inflation will eat all your money but if you save your money in bitcoins then you can expect huge returns as price of bitcoins keeps on increasing and it can definitely give you better returns in compare to banks.

What legitimate investment option doesn't give you better returns than what banks can offer? It's clear that banks don't need our money anymore, and thus it will be a matter of time before negative interest rates become reality on savings. If I look through the banks available in my country, then the best they can offer me is a fixed 1.25% interest rate for the duration of 10 year. If I opt to choose 5 years, then they will offer me an astounding 0.75% interest rate. It's peanuts, really

I don't think this is possible

At least, not in respect to saving accounts of individuals. Some Switzerland banks are (were) already "offering" negative interest rates but these mostly refer to deposit accounts opened by companies which are required by law to use banks for their transactions. Really, if you were an ordinary human, why would you ever become interested in this if you could just save your cash at home without paying anything to banks (that's what NIRs basically come down to)? Someone could object that if you have large savings storing them in a bank could be safer (even if you have to pay for it), but how many rich men store their wealth as money on deposit accounts, to begin with?

[mornabo]

Saving bitcoin is like an investment and it also like saving of fiat in the bank because of the interest gaining for the period of time you put your money in the bank and bitcoin is much better now because of continuous increasing of its value.

true, saving bitcoin will be the same with investing. so when you save bitcoin make sure that you always do the checking to the market price, so when the price is high you can convert it to a fiat and save bitcoin will become profitable

[20kevin20]

Saving bitcoin is like an investment and it also like saving of fiat in the bank because of the interest gaining for the period of time you put your money in the bank and bitcoin is much better now because of continuous increasing of its value.

true, saving bitcoin will be the same with investing. so when you save bitcoin make sure that you always do the checking to the market price, so when the price is high you can convert it to a fiat and save bitcoin will become profitable

That is basically BTC/USD trading.. You buy when the price falls and sell when it raises. Many people think it's very profitable but in reality it's risky too. You can buy at the wrong time, for example if you bought a month ago you would've bought at a $1200 price.. Because many thought it'll go even higher.. And now you wouldn't be on profit.

[alisus]

Yes for some users, of course, but short term investments should work just fine

[coolcoinz]

Saving bitcoin is like an investment and it also like saving of fiat in the bank because of the interest gaining for the period of time you put your money in the bank and bitcoin is much better now because of continuous increasing of its value.

true, saving bitcoin will be the same with investing. so when you save bitcoin make sure that you always do the checking to the market price, so when the price is high you can convert it to a fiat and save bitcoin will become profitable

Saving, unlike investing offers much smaller risk. When you invest there's a chance a company will disappear with your money or go bankrupt. There's no such problem when your money are sitting safely in your offline wallet. Also, saving gives you control over your assets, while investment will usually take time to cash out. Some companies offer no early returns, so you get your money frozen for a year or more.

[coynedterm]

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?

In the current time no one banks are avalaible which are making deposit of your bitcoin , because of its legality many of the banks trued to make such bitcoin bank plan but failed , But it may be probably possible that in the incoming days it is possible .
But still you have many options to store your bitcoin without any risk in your wallet .
You just need to make backup and export private key , in this way you can easily you can access any time .
Second option you can use cold storage system .
But be careful your bitcoin will not go rise like the fiat in bank but still your profit will increase because the price of bitcoin will increase .

[Farma]

save bitcoin is currently a pretty good thing. I never check your bitcoin price in 2 days, and after I saw it, the price has now been increased again. Well, I guess to save bitcoin for now looks so promising, and it might make us really lucky if we keep them until mid-month. maybe when you save it until then, the price of bitcoin has reached the price of $ 1,200.

[Zadicar]

save bitcoin is currently a pretty good thing. I never check your bitcoin price in 2 days, and after I saw it, the price has now been increased again. Well, I guess to save bitcoin for now looks so promising, and it might make us really lucky if we keep them until mid-month. maybe when you save it until then, the price of bitcoin has reached the price of $ 1,200.

Reaching out $1200 price is very attainable on this year and seeing on the current price it really gradually increasing as of now and this price rally would continue it might reach that amount in no time but we still cant be sure because there are really things or unexpected scenarios that would happen which makes bitcoins price to drop again.

[darkangel11]

save bitcoin is currently a pretty good thing. I never check your bitcoin price in 2 days, and after I saw it, the price has now been increased again. Well, I guess to save bitcoin for now looks so promising, and it might make us really lucky if we keep them until mid-month. maybe when you save it until then, the price of bitcoin has reached the price of $ 1,200.

It's always good to see your investment grow daily. I love this feeling of waking up, checking the price and seeing it's up 1 or 2%. It starts a day for me and I feel great throughout it.
I'd be willing to bet that it will reach $1200 this year, so I agree that it's a good idea to save it now.