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burner2014
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February 19, 2017, 02:25:35 PM |
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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 people would decide to put bitcoin on a bank? Rate would really changed since banks will surely reduce the inflation profits of your bitcoin and which way they make money on and thats why its really nonsense for building a bank since we could make our own bank and full control of our money. I'd rather put my money in my bitcoin wallet and in my pocket rather than putting it in bank. But, I do love having my savings account in bank but not to invest in them, it is not a good idea to put all money in bank since they have less returns and interest rates compare to what you can earn holding and doing trading in bitcoin. |
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youdacapt
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February 19, 2017, 02:34:39 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good.  save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. If you have excess money or savings in large quantities, you are able to convert it from now, while I can't do the same thing, because it collided with some credit and bills for each month. But I also believe that bitcoin value will continue rising in future, then in accordance with science of trade, something valuable if scarce, its value will grow in line with demand. |
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cyclotronmajesty
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February 19, 2017, 03:23:23 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. If you have excess money or savings in large quantities, you are able to convert it from now, while I can't do the same thing, because it collided with some credit and bills for each month. But I also believe that bitcoin value will continue rising in future, then in accordance with science of trade, something valuable if scarce, its value will grow in line with demand. The demand of bitcoin is increasing at a moment and we can expect the same thing in future too which will have positive impact on the price of bitcoins so its good invest some money in bitcoins at a moment and save bitcoins for future to get best returns from it. |
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mornabo
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February 19, 2017, 04:02:28 PM |
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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 people would decide to put bitcoin on a bank? Rate would really changed since banks will surely reduce the inflation profits of your bitcoin and which way they make money on and thats why its really nonsense for building a bank since we could make our own bank and full control of our money. I'd rather put my money in my bitcoin wallet and in my pocket rather than putting it in bank. But, I do love having my savings account in bank but not to invest in them, it is not a good idea to put all money in bank since they have less returns and interest rates compare to what you can earn holding and doing trading in bitcoin. I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank |
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PokerFace3
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February 19, 2017, 07:51:10 PM |
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I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank
Yes, people here never emphasize us to invest all our wealth into bitcoins as bitcoin is still an experimental project. But bitcoin has survived last 8 years successfully so we can be sure about in future also for same thing to happen. I am not putting all my 100% wealth into bitcoins like I am not selling my house and investing into bitcoins. But I want to save my 10% monthly income. In that saving more than 90% goes into bitcoin savings and the rest for stocks and insurances. |
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Sled
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February 19, 2017, 08:22:45 PM |
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I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank
Yes, people here never emphasize us to invest all our wealth into bitcoins as bitcoin is still an experimental project. But bitcoin has survived last 8 years successfully so we can be sure about in future also for same thing to happen. I am not putting all my 100% wealth into bitcoins like I am not selling my house and investing into bitcoins. But I want to save my 10% monthly income. In that saving more than 90% goes into bitcoin savings and the rest for stocks and insurances. That is a great strategy to do. You are dividing your income to different field which is the best. Having stocks, bitcoin and last but not the least insurance is one of the best package to choose because you have investment that can generate income for you and you also have protection (insurance) who will protect you for not becoming poor again. |
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fravia
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February 19, 2017, 08:39:24 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. Holding bitcoins is good for the person who holds it because it allows them to make some decent money, but for the bitcoin itself it is bad because in order to become a successful currency it has to be used around and not just sit in people accounts without use |
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Creepings
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February 20, 2017, 02:14:19 AM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. Holding bitcoins is good for the person who holds it because it allows them to make some decent money, but for the bitcoin itself it is bad because in order to become a successful currency it has to be used around and not just sit in people accounts without use I have read many articles about this and I think it is really the problem of making the bitcoin a successful currency. Many bitcoin users or posts about bitcoin being the future and money and being taken by the countries as their currency, but they dont know that it will be impossible if they just hold bitcoin for long. And mostly bitcoin users treat bitcoin as a stock not a currency, if everyone wants to make bitcoin successful I think we must need to do what is right. |
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upsidedown75
Legendary
 Offline
Activity: 1288
Merit: 1036
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February 20, 2017, 02:53:46 PM |
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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 people would decide to put bitcoin on a bank? Rate would really changed since banks will surely reduce the inflation profits of your bitcoin and which way they make money on and thats why its really nonsense for building a bank since we could make our own bank and full control of our money. I'd rather put my money in my bitcoin wallet and in my pocket rather than putting it in bank. But, I do love having my savings account in bank but not to invest in them, it is not a good idea to put all money in bank since they have less returns and interest rates compare to what you can earn holding and doing trading in bitcoin. I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank Yeah, putting all of your money on bitcoin can be a risk that is why investors are not putting lots of hope on it, because it is unstable and the price could change over a night, but also bitcoin could turn out to be the best investment in history, so the wise thing to do is to put some of your money on it so you could make some profit and not lose it all if it turns out to be bad. |
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BitcoinPC
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February 22, 2017, 02:04:16 PM |
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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 people would decide to put bitcoin on a bank? Rate would really changed since banks will surely reduce the inflation profits of your bitcoin and which way they make money on and thats why its really nonsense for building a bank since we could make our own bank and full control of our money. I'd rather put my money in my bitcoin wallet and in my pocket rather than putting it in bank. But, I do love having my savings account in bank but not to invest in them, it is not a good idea to put all money in bank since they have less returns and interest rates compare to what you can earn holding and doing trading in bitcoin. I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank Yeah, putting all of your money on bitcoin can be a risk that is why investors are not putting lots of hope on it, because it is unstable and the price could change over a night, but also bitcoin could turn out to be the best investment in history, so the wise thing to do is to put some of your money on it so you could make some profit and not lose it all if it turns out to be bad. It is better for us, if investors not put their whole money into bitcoin. But bitcoin is better than bank saving the money. And about the thread, i am sure no bank accept the bitcoin deposit, Also it is no need to deposit the bitcoin into the bank, everyone know that bitcoin already give us profit in its own price. So i want to ask why we deposit the bitcoin into bank? |
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KennyR
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February 22, 2017, 03:01:09 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. Holding bitcoins is good for the person who holds it because it allows them to make some decent money, but for the bitcoin itself it is bad because in order to become a successful currency it has to be used around and not just sit in people accounts without use If holding is not recommended sure people won't give importance to bitcoin for any reason. As mentioned when acceptance as a currency and the user profile increases even users who just hold for profit starts using bitcoin directly without converting to fiat. |
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Soul Reaper
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March 03, 2017, 03:04:32 AM |
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You can't save bitcoin like fiat currencies in a bank .
It is totally Decentralised.
You can keep it in your bitcoin( mostly blockchain wallet)
And use it when you want it.
Talking about interests, you do not get any interest for keeping your money on blockchain.
But the cost of bitcoins is increasing so rapidly that it is like an investment,
You can purchase bitcoins today and keep it with you and on the right time sell it.
You will gain a lot a the cost of bitcoins would have increased drastically by the time you sell it.
You can consider it as an interest in fact ,
It would be more than the interest you get from bank
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n0ne
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March 03, 2017, 03:56:04 AM |
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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 people would decide to put bitcoin on a bank? Rate would really changed since banks will surely reduce the inflation profits of your bitcoin and which way they make money on and thats why its really nonsense for building a bank since we could make our own bank and full control of our money. I'd rather put my money in my bitcoin wallet and in my pocket rather than putting it in bank. But, I do love having my savings account in bank but not to invest in them, it is not a good idea to put all money in bank since they have less returns and interest rates compare to what you can earn holding and doing trading in bitcoin. I think keep all your money in bitcoin is also not good. because bitcoin also has a big risk as one of the commodities. so do it in a balanced way between bitcoin and save on bank Yeah keeping everything into bitcoin is not the safer way of investing. As quoted bitcoin has got the highest risk in it, because no one knows when bitcoin price increases or decreases. Diversifying the savings and regular buying of at least small amount of bitcoin regularly is a good way to make good earning for a better tomorrow. |
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Dudeperfect
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March 03, 2017, 03:58:47 AM |
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You can't save bitcoin like fiat currencies in a bank .
It is totally Decentralised.
You can keep it in your bitcoin( mostly blockchain wallet)
And use it when you want it.
Talking about interests, you do not get any interest for keeping your money on blockchain.
But the cost of bitcoins is increasing so rapidly that it is like an investment,
You can purchase bitcoins today and keep it with you and on the right time sell it.
You will gain a lot a the cost of bitcoins would have increased drastically by the time you sell it.
You can consider it as an interest in fact ,
It would be more than the interest you get from bank
If one is keeping their bitcoins in their wallet then they might not get direct returns such as interest but over the time if the price appreciates then there will be windfall returns for it. However, there are some exchanges where we get interest for the deposits but the rate is very low (around 1% to 3% a year) and that is not worth the risk of keeping our bitcoins in the possession of others IMO. |
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xskl0
Sr. Member
Offline
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
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March 03, 2017, 07:18:11 AM |
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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?
You can save your bitcoins on a paper wallet and this paper on your bank. |
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noormcs5
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March 03, 2017, 04:23:44 PM |
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You know on one bank accept the bitcoins, we can't deposit bitcoins into bank. So it is useless to discuses about profit rate from bank. But we could safe our bitcoins into our wallets, and it is safe-sound. And good thing about bitcoin is that whenever bitcoin price increased then we could make profit from it.
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whizter
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March 03, 2017, 04:42:01 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. If you have excess money or savings in large quantities, you are able to convert it from now, while I can't do the same thing, because it collided with some credit and bills for each month. But I also believe that bitcoin value will continue rising in future, then in accordance with science of trade, something valuable if scarce, its value will grow in line with demand. The demand of bitcoin is increasing at a moment and we can expect the same thing in future too which will have positive impact on the price of bitcoins so its good invest some money in bitcoins at a moment and save bitcoins for future to get best returns from it. yes there is no doubt about that, bitcoin demand is continously increasing and we can hope that the bitcoin progress trend will continue for a long long time. as we can see that the price of bitcoin is very near to 1300USD and hope that in next few months the price of bitcoin will cross 1500 USD in next few months. |
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bravehearth0319
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March 03, 2017, 07:06:24 PM |
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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?
You can only do save bitcoin by keeping in the bitcoin storage wallet, but at the present happening now we don't have any bank that accepting bitcoin. |
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hamiltonik
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March 03, 2017, 08:54:29 PM |
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Saving of bitcoin may lead one to profit or loss it can not be predicted because its rate is changing and may increase or decrease. But saving for future is good thing so saving of bitcoins is good. save bitcoin will not make you lose, because you will avoid scam and losses. for storing bitcoin will certainly benefit, because the future will be bright and certainly bitcoin already guaranteed price will be higher than now Yup as we are seeing that the price of bitcoin getting higher and higher so its a smart investment to make as price will be much higher in future so its good to save as many bitcoins as possible as it has a potential to give us returns beyond our imagination. yes i also think so that holding bitcoin in the present time will be more beneficial in future. i think it is very easy to buy bitcoin right now. because the price of bitcoin is currently very low and i think every one at least can afford bitcoin to buy a little amount of bitcoin. and then holding it for a long time can give a good profit. I do not think that now the price of Bitcoin low. On the contrary, it has grown rapidly and it is not necessary to make the purchase right now. I am confident that soon it will decline slightly and then you can buy cryptocurrency |
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pinkpanther03
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March 03, 2017, 09:16:45 PM |
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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?
Hello, we don't have any online bank in bitcoin. Or if you like you can try Xapo, Coinbase to entrust your bitcoin to them, because they are both bitcoin bank style, which also both centralized. but the disadvantages is once you didn't meet their requirements, they can closed your account anytime. That's all what I know about it, just correct me if someone find that I am wrong. Thanks  |
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