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selline
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May 27, 2017, 12:40:32 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?
The question is there's a bitcoin bank? I never heard that before. But If there's a bitcoin bank I think the percentage of increase is low. Low because our bank in my country has 1% profit only. So I think it is the same here in bitcoin. It's more profitable if you keep your bitcoin, and convert it when the price increase. Yeah saving bitcoins and selling them when price goes higher will give you profitable results as price is predicted to go higher in future so if you manage to save enough bitcoins in your wallet then you can make good profits by converting them to cash when price rises in the future and that is the best way to make profits. If you want to earn huge profits and doubled it make bitcoin as savings for the future because you can save enough in the bitcoin wallet you then you will get a good profit by converting into cash at a time when the price of the bitcoin ride for the future and for now then you make a profit on its own |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Wesimon
Sr. Member
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Activity: 406
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https://gexcrypto.io
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May 27, 2017, 01:02:38 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?
As of now, I don't know a bank that accepts bitcoin as an investment. If ever there is, I think it has to undergo a lot of process especially if you want to get your btc from your savings in the bank. I think it would be more practical if you just hold your bitcoin in your hardware wallet and wait for bitcoin to inflate its value. |
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DomainReseller
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May 27, 2017, 01:28:11 PM |
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There is nothing such as a bitcoin bank right now, the idea itself is relatively possible IMO considering the demand for loans etc... but there isn't one.. Naturally if there is one in the future the interest rate will be slightly lower because of the increased risk of defaults of loaners in the online world more than offline.
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MoneyIsDebt
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May 27, 2017, 02:26:01 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?
If you want to save bitcoin, you should store it in a hardware wallet, and store the necessary information. It is not smart to store bitcoins at a bank, there are a lot of problems that happen when you want to take it. good idea but 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. |
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momagic
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May 27, 2017, 03:13:07 PM |
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If that case ever happened then it is depend on the bank, because each bank has it's own policy, and i think it will be hard for bank to determine the deposit rate, but I assumed it will have a lower percentage than fiat, because the government and bank will be more focus to asked people to save their money in fiat
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Vaculin
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May 27, 2017, 03:23:14 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?
If you want to save bitcoin, you should store it in a hardware wallet, and store the necessary information. It is not smart to store bitcoins at a bank, there are a lot of problems that happen when you want to take it. good idea but 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. Much better if you save it in your own wallet than keeping in a bank.At least your bitcoin is secured and it will give you more profit.Unlike in a bank which for sure they'll just give lower rate for bitcoin when compared to any fiat or currency. |
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kelceyott
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May 27, 2017, 03:28:14 PM |
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I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
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Blitzboy
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May 27, 2017, 06:28:07 PM |
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I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
Many people have had bad experience with web wallets so I have avoided using it. Many of them have been scammed and the support team seems to not care much about users in the poor region. Moreover, bitcoin was create for the freedom while you will be controlled if you use web wallet such as coinbase or xapo |
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Freezingel
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May 27, 2017, 07:09:56 PM |
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Why you have to save your bitcoin in bank? And is there any bank where you can save bitcoin with some interest rate? You can just save your bitcoin in some deskop wallet where you responsible for everything.
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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May 27, 2017, 08:17:02 PM |
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I can store bitcoin wherever I want, it is easy, but I choose a web wallet, because it is much more convenient.
Many people have had bad experience with web wallets so I have avoided using it. Many of them have been scammed and the support team seems to not care much about users in the poor region. Moreover, bitcoin was create for the freedom while you will be controlled if you use web wallet such as coinbase or xapo I agree that it's better to use a desktop client, but things are changed nowadays. Back in the days the blockchain was very small in size, and didn't take much time and resources to download. Currently, it's not only taking much longer to download the blockchain, but due to its current size (~124gb), it occupies a huge part of people's storage. People want convenience and a great level of usability, and that's exactly why they seem to go for online wallet services. These people don't seem to mind that they aren't the only entity with access to their coins. Online wallet services are also greatly outperforming light weight wallet clients, and that's not for nothing. |
BSV is not the real Bcash. Bcash is the real Bcash.
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coinsmanager
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Activity: 67
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Byteball: highly scalable cryptocurrency platform
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May 27, 2017, 08:40:41 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?
I think the rates would be similar to the one we see in exchanges. It probably would not be a good thing if many people decided to put the bitcoins in banks. Banks are not only centralized, but also heavily influenced by governments. |
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mudboy93
Newbie
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Activity: 54
Merit: 0
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May 28, 2017, 08:58:44 AM |
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To this time, as far as I know, There is no ACTUAL bank offering option for an investment account with BTC, and though there are reports of a bank accepting BTC in acccounts, it's not investment ones I think. Anything offering suspicious interest rates and is just a website is a scam (all those HYIP's etc...)
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Happydd
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May 28, 2017, 09:00:43 AM |
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To this time, as far as I know, There is no ACTUAL bank offering option for an investment account with BTC, and though there are reports of a bank accepting BTC in acccounts, it's not investment ones I think. Anything offering suspicious interest rates and is just a website is a scam (all those HYIP's etc...)
You're right, so many people choose to invest in bitcoin, but they do not understand what investment is, they just "invest" in HYIP sites, this is a form of fraud, but it looks like people Still choose it, really stupid |
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micher143
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May 28, 2017, 09:03:18 AM |
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The whole idea about bitcoins is to avoid using a bank. You shouldnt really want to take bitcoins that you own and then put them into some one elses trust. There arent any banks that do what i think your looking for but there have been companys that usually end up scamming you for your bitcoins. If you want to earn a percentage of the bitcoins you own then the current best way is just to buy and hold. You wont earn more btc this way but you more than likely will earn more fiat for every btc you own.
If you want to save your bitcoin but you are avoiding to use bank. You can use wallets as your bank. There are many wallet for bitcoin. Be make sure that the wallet that you are going to use is trusted. You can also get profit here especially when the price is increasing. |
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ScorpionKing
Newbie
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Activity: 26
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May 29, 2017, 01:41:05 AM |
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There is no legitimate bank accepting BTC as saving initialed to profit on the capital, There are just few banks accepting BTC now and that might be the reason but even so, a BTC loan is complicated because BTC is volatile, so the bank will lend the volatile BTC to traders who have to use them in BTC form (if they exchange them to USD, if the price risen they won't be able to payback and keep some profit), overall I think it's too complicated.
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eann014
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May 29, 2017, 02:32:04 AM |
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Saving bitcoins on the Banks is not good because we will be losing control in out bitcoins,
i will not put my bitcoins on the Banks although there are service to saving bitcoins on there.
Saving bitcoins on the wallets is enough than put the money on the Banks, bitcoins is our bank.
I agree I will not also put my bitcoins in a bank because I don't think they will totally give the amount that we need to receive. I am already satisfy with my bitcoin wallet and I don't think that I will trust my bitcoins to bank with no assurance. |
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franklin9
Newbie
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Activity: 88
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May 29, 2017, 02:22:59 PM |
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if someone or something started offering interest in BTC in a sensible fashion, from actual profit and not just in a ponzi scheme, I'll immediately joined in. one of the current plunders of BTC is the lack of such thing, since no bank want to offer loans and get paid in BTC and afterwards giving a fraction of the profit to the account owners..
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Seeker01
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May 30, 2017, 02:46:08 AM |
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Saving bitcoin is the best thing yo can do with your money it allows your money to grow overtime but i think as of today theres no bank who accept bitcoin as your savings maybe soon in the future. you can store your bitcoin wherever you want.
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Luno
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May 30, 2017, 03:54:31 AM |
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Saving bitcoin is the best thing yo can do with your money it allows your money to grow overtime but i think as of today theres no bank who accept bitcoin as your savings maybe soon in the future. you can store your bitcoin wherever you want.
Why we need banks to save our bitcoins if we have bank in the form of bitcoin wallet and saving bitcoin in banks doesn't make any sense as if you save them in banks you will loose all your control from it which you are enjoying at a moment. |
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deisik
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May 30, 2017, 04:17:15 PM |
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if someone or something started offering interest in BTC in a sensible fashion, from actual profit and not just in a ponzi scheme, I'll immediately joined in. one of the current plunders of BTC is the lack of such thing, since no bank want to offer loans and get paid in BTC and afterwards giving a fraction of the profit to the account owners..
Okay, let's see whether you are going to put your money where your mouth is You can easily earn interest on both Bitcoin and fiat balances if you move your coins to exchanges that allow margin trading (e.g. Poloniex or Bitfinex) and lend them to traders. Unless the exchange gets hacked or outright scams, your money is pretty safe since the exchange won't let you lose your coins. If a margin trader runs out of money, his short positions will be forcefully closed by the exchange itself. I guess this pretty much cuts it as "someone or something offering interest a sensible fashion" |
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