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Author Topic: Saving bitcoins  (Read 32733 times)
Xester
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May 25, 2017, 08:45:57 AM
 #341

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you

At this point of time banks have not yet reached the point that they will accept bitcoins but later in time they will also be forced to accept bitcoins into their system or otherwise they will be left behind. Bitcoin has already spreading its roots to all kind of businesses around the globe and even huge investors are now coming in. Five years from now our wallet will be no more place in our pocket or bag but on online storage.
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May 25, 2017, 12:36:33 PM
 #342

I think banks are not yet accepting any bitcoin as a savings. the only thing we can do is to hold our bitcoin on our wallet, and wait till the price of bitcoin to increase. i believe in the future this thing will happen, as the demand for bitcoin are increasing.   
Yeah there is no bank currently receiving bitcoin. But you can still keep the bitcoin in the wallet. And I think it's much safer and simpler than using bitcoins
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May 25, 2017, 02:25:28 PM
 #343

I think that is not necessary because value of this digital currency are not fixed you know what i mean so much bettet to stock it on your wallet and sell when you see the price you desire.

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Rahar02
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May 25, 2017, 02:38:26 PM
 #344

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you
Indeed, none of traditional bank accept bitcoin except for specific bank which special for bitcoin. The exchange rate is fixed according to international market or volume on this bank that could be different with others.
Moreover, it's better to save your bitcoin on private wallet as the exchange rate always increase.
Or, if you want to trade bitcoin, save it on a trusted exchange to buy and sell bitcoin.
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May 25, 2017, 02:54:10 PM
 #345

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?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to  save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.
Exactly, to save your bitcoin the only way is to hold in your wallet whatever wallet it is. Because there are no banks that accept bitcoin right now. In holding it in your wallet you can get some profit whenever it pump. I also saved money in my wallet and I can say that this is very helpful because wallet serves as my bank.
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May 25, 2017, 03:34:50 PM
 #346

No known banks are acceptinf bitcoins as a deposit option for their services so there is no way that you can save bitcoins on bank now a days,all you need to do is to store bitcoins at your offline wallets and other wallet and serves as a bank for you
Indeed, none of traditional bank accept bitcoin except for specific bank which special for bitcoin. The exchange rate is fixed according to international market or volume on this bank that could be different with others.
Moreover, it's better to save your bitcoin on private wallet as the exchange rate always increase.
Or, if you want to trade bitcoin, save it on a trusted exchange to buy and sell bitcoin.
Like as you said you can just store it in a trusted wallet then sell it when the price increases two folds or maybe more in many years that requires patience or you can convert it to ethereum and invest it on ethtrade. Maybe trade like you said but also it requires patience and courage also you can gain and claim a great amount of income per day, per week especially when you are experienced one.

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May 25, 2017, 03:48:41 PM
 #347

I'm really sorry to inform you that you can't save Bitcoin in any formal ways. So far I know, there is no monetary institution who can accept Bitcoin. Since it's not recognized as a global currency that's why it not acceptable to everywhere.
So you can trade or invest Bitcoin on internet. That'll be more profitable to saving Bitcoin.
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May 25, 2017, 04:12:31 PM
 #348

The simple fact of saving money does let you earn already, i dont know how safe might be buy bitcoin at this value, but pretty sure if you save and hold the bitcoins for a bit time you will be able to get a decent ammount, people are investing into bitcoin, the demand has raised a lot and the supply is limited making bitcoin an amazing option for investment.
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May 25, 2017, 05:39:53 PM
 #349

Saving Bitcoin is not going to a good decision for you, definitely it will not be easier for you. Since it is not a global currency so it is not acceptable to the monetary institution like bank or bima. So it would be useful for your Bitcoin if you can trade or invest in mining. It could bring huge amount of profit for you.
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May 25, 2017, 06:14:17 PM
 #350

Some users, like me, love bitcoin because they didn't need to trust a bank with its money, why anyone would want to deposit its bitcoins on a bank?
Everyone of us has their own thought about this idea of bitcoin being saved in a bank, but even if the day comes that bitcoin can be save in  a bank I think I would not try to save it their because I think I can handle my own savings in my own. It's already handy i guess. Why make it more hassle for people.
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May 25, 2017, 06:27:20 PM
 #351

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 am not sure if there is a bitcoin bank, be better to save on wallet local and you can sell it if the price up Smiley
so this is called as invesment Wink

 
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May 25, 2017, 06:43:55 PM
 #352

By storing bitcoin in our wallet it will be better if you save your money in bank, With our patience saving for a long time on the bitcoin wallet so at an increased value we will get more profits than we benefit from the bank.
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May 25, 2017, 06:45:11 PM
 #353

By storing bitcoin in our wallet it will be better if you save your money in bank, With our patience saving for a long time on the bitcoin wallet so at an increased value we will get more profits than we benefit from the bank.
Today only save and only the preservation can bring big profits, I do not even need to think about selling, I already understood this for myself when I saw the prices for Bitcoin today.
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May 25, 2017, 07:00:43 PM
 #354

By storing bitcoin in our wallet it will be better if you save your money in bank, With our patience saving for a long time on the bitcoin wallet so at an increased value we will get more profits than we benefit from the bank.
Today only save and only the preservation can bring big profits, I do not even need to think about selling, I already understood this for myself when I saw the prices for Bitcoin today.

At least save money in the bank makes us a little more relaxed compared to storing bitcoin. Bitcoin has fluctuations that make our minds not calm every day, but for now it is very profitable. I still share the bitcoin finance portion by 30% in the hope that I can multiply it to 100% this year in gambling and trading market.

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May 25, 2017, 07:30:38 PM
 #355

Saving Bitcoin is not going to a good decision for you, definitely it will not be easier for you. Since it is not a global currency so it is not acceptable to the monetary institution like bank or bima. So it would be useful for your Bitcoin if you can trade or invest in mining. It could bring huge amount of profit for you.
we do not need the bank to support Bitcoin. we need investors, smart investors, and rich people. That is all we need. Mining will cost you a ton of money to buy equipment so it will never be a good choice
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May 25, 2017, 08:18:39 PM
 #356

Saving Bitcoin is not going to a good decision for you, definitely it will not be easier for you. Since it is not a global currency so it is not acceptable to the monetary institution like bank or bima. So it would be useful for your Bitcoin if you can trade or invest in mining. It could bring huge amount of profit for you.
we do not need the bank to support Bitcoin. we need investors, smart investors, and rich people. That is all we need. Mining will cost you a ton of money to buy equipment so it will never be a good choice
First of all you need to calculate your opportunities and also what you can do with your coins. It seems to me that if there is an investment opportunity At this stage in Bitcoin, then it should be done right now and do not wait until the price rises even higher. But accordingly there are still coins. That is, you can only save and do not think any I can not yet have lessons so you do not have to lose to save.

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May 25, 2017, 08:25:38 PM
 #357

Saving bitcoin will make you rich. the price of BTC today is increasing rapidly, the price of btc today are still cheap, if you want to become rich in the future save BTC today ! and hopefully theres a bank to save bitcoin.

No doubt that those early holders that managed to hold their bitcoins up to now will be rich enough. And I want to follow their foot steps so what I'm doing today is that I keep on holding my bitcoins. Because I know that one day I'll reap this patience of saving bitcoins. It will be good to all of us we'll just keep the faith of holding.

Patience is the key of it. It is not easy to hold your bitcoin in a period of time because you are tempted to convert it in real cash you bought it a stuff that you liked. But if you are really patient enough of holding it then that is a real profit. Try to think last year the price is below $1k then if you bought a bitcoin on that time then you really earn a ton of profit now, it is double with the price

Yes it's not easy to hold bitcoin because there will be situations and time that it is going to tempt you to sell it. But if you can endure to hold until with the satisfying maybe for 5 digits value per bitcoin. It will be worth the wait if you will sell at that rate but with the current price of bitcoin, it's already satisfying but it keeps on advancing and giving us some more expectations and pushing us to keep on saving.
Though the price of bitcoin at times endure to sell, it can be held into the wallet without much difficulty. Because people who depend on the bitcoin cash out for living feels difficult, others who have their own day job could easily avoid such situation and make use in the future as the price increases year after year in the same manner.

It's an advantage to those people that have day job instead of using their saved bitcoins, they can use their salary for their expenses or whatever purpose they want. While their saved bitcoins will be on safe place and will remain to be on hold as the price of bitcoin is on a rally it will be a good thing for them since they can't move their funds.

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May 25, 2017, 08:44:37 PM
 #358

By storing bitcoin in our wallet it will be better if you save your money in bank, With our patience saving for a long time on the bitcoin wallet so at an increased value we will get more profits than we benefit from the bank.
I agree. with the knowledge we have, no one can steal our bitcoin unless we have a trojan malware in our computer. Bitcoin is one of the most security currency on the planet. If you want the higher security, you can choose other altcoin instead


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Ferrum Network • Interoperability Network for Financial Applications
wahb
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May 25, 2017, 08:55:26 PM
 #359

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.
but to me i think saving bitcoin in banks is not a good option. i do not like to adopt the typical tradition of saving money in banks for bitcoin also. i think the online wallet for saving bitcoin is the best option. because it is not time consuming like banks and from where you do not need to visit a banks to sidthraw your bitcoin. but you can widthraw your money from anywere and in no time you do not need to visit a banks to make a transaction.
Colt22
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May 25, 2017, 09:05:07 PM
 #360

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.
but to me i think saving bitcoin in banks is not a good option. i do not like to adopt the typical tradition of saving money in banks for bitcoin also. i think the online wallet for saving bitcoin is the best option. because it is not time consuming like banks and from where you do not need to visit a banks to sidthraw your bitcoin. but you can widthraw your money from anywere and in no time you do not need to visit a banks to make a transaction.
The banks also deduct different types of fees for different purposes so if we will keep our money in banks then we will pay that all fees of banks and we will not enjoy our money fully while in bitcoin and our bitcoin wallet we are enjoying our money as we pay only a smaller transaction fees.
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