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Author Topic: Saving bitcoins  (Read 32696 times)
wallstone
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June 01, 2017, 04:36:27 AM
 #421

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.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
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June 01, 2017, 05:02:39 AM
 #422

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 my known experience no one banks are accepting the Bitcoin  but still a news was viarl few months ago about the idea of the Bitcoin bank .
So here I will suggest you for the direct deposit in your wallet in the block chain and then don't touch it until you want sell .
Here my suggestion will be for you that export your private key from the wallet and  made back of phrase and save these secret data in the safe place ( I will recommend you for the save in the offline with paper print out , instead of the Google drive or another ) .
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June 01, 2017, 05:07:48 AM
 #423

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?


There is no bitcoin bank and there is no bank will accept bitcoin (yet). But it is an interesting thing when I go to the bank and deposit or withdraw my bitcoin to fiat money. The weakness of this if it really happen is cryptocurrencies is not anonymous anymore.

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June 01, 2017, 05:10:35 AM
 #424

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.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.
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June 01, 2017, 09:05:32 AM
 #425

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.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.

If I had the means, I would also now buy bitcoins in order to store them. I see the bitocco potential and therefore I'm not afraid to invest all my money in bitcoin today

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June 01, 2017, 10:48:12 AM
 #426

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.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.

If I had the means, I would also now buy bitcoins in order to store them. I see the bitocco potential and therefore I'm not afraid to invest all my money in bitcoin today
Do not be greedy and discipline yourself, investing all your money today is a risky decision because the price is high and it is good if you just invest up to the maximum of 50% of all your money because in that range you are safe from having a bankruptcy in the future and you will not be ending up blaming yourself from that decision because the coin that you are choose to all in is very volatile to its price.
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June 01, 2017, 10:54:05 AM
 #427

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.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.


If I had the means, I would also now buy bitcoins in order to store them. I see the bitocco potential and therefore I'm not afraid to invest all my money in bitcoin today
Do not be greedy and discipline yourself, investing all your money today is a risky decision because the price is high and it is good if you just invest up to the maximum of 50% of all your money because in that range you are safe from having a bankruptcy in the future and you will not be ending up blaming yourself from that decision because the coin that you are choose to all in is very volatile to its price.

It's true, in this case you do not need to be too greedy, because you can stay at a loss. You need to plan the disposal of your funds correctly.

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June 01, 2017, 11:13:12 AM
 #428

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
For me saving bitcoin is nice idea to us. I guess there are lot of people who save bitcoin for the future because there is possibility that the price of bitcoin will increase in the future then they will trade it to get much money that can sustain all there need in daily life. I think if there’s a bank who accept bitcoin I guess all bitcoin user will save their bitcoin in that bank because they know that there money is totally safe and no one’s will try to stealth it.
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June 01, 2017, 12:02:46 PM
 #429

No bank accepts Bitcoin and it would be a very bad idea for them to do so. What is wrong here is that you become supervised by a bank, so the anonymus feature that Bitcoin offers will be over for you. This is probably what a few banks will start doing soon so that they can control Bitcoin too..
Bitcoin is gaining popularity day by day so we can be hopeful about the good future of bitcoin,  but nowadays bitcoin should be saved because it's getting a higher value. It can be a similar to a saving in bank,  hopefully in the future, some banks will accept bitcoin. 
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June 02, 2017, 08:48:00 AM
 #430

I don't think there is a bank where you can save your bitcoin and I also don't think that will happen because it will eliminate the purpose of bitcoin being  decentralized.
I recently read the first bitcoin bank that is accepting bitcoin. Just search it here on forum. But here in my country there's no such bank that is accepting bitcoin. I'm hoping that there will be a day that they will start using bitcoin and implement it by the central bank here.
Me also i do not think that can we save our bitcoin and i think bank will not like the fluctuation of the value of bitcoin they can loose big money if they hold big amount of bitcoin of more users. But we are hoping that in the future there was a project to build a bank of bitcoin to all country.

They will look at bitcoin as a big risk if ever they will accept. But with bitcoin today everything seems to happen with positive mood. As businesses are showing interest to bitcoin and there are some new big businesses that are seeing potential on it. So if the day comes that banks are ready to accept bitcoin, it's your choice to use their service.

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June 02, 2017, 09:38:16 AM
 #431

At this time theres no bank to save bitcoin even here in my country no ATM yet. Its much better to save bitcoin to an online wallet were bitcoin price is continously increasing. Though theres a risk but I beleive it will pump this year.
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June 02, 2017, 11:25:43 AM
 #432

At this time theres no bank to save bitcoin even here in my country no ATM yet. Its much better to save bitcoin to an online wallet were bitcoin price is continously increasing. Though theres a risk but I beleive it will pump this year.
You, we, All of us don't need a bank to save bitcoin because we all need a secured wallet to store bitcoin for that like a hardware wallet which have a lot of possibilities to survive for the next few years and if ever that there is a bank for bitcoin then it will not be that good for users because it means centralization so a lot of people will not use it.
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June 02, 2017, 11:37:20 AM
 #433

i dont think so that there is any bank who accept bitcoin. if you want to save them in bank first covert it into cash than deposit it in bank.
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June 02, 2017, 12:38:11 PM
 #434

By this time bro, there are no bitcoin banks online right now. I mean it's better if you keep that on your wallet rather than putting it in an online bank that you don't know what will happen next. It's better if you secure your money on bank.

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June 02, 2017, 12:44:34 PM
 #435

i dont think so that there is any bank who accept bitcoin. if you want to save them in bank first covert it into cash than deposit it in bank.
You can able to save in your bitcoin wallet and it has much better income if you put it in a long term, but just invest money that you can afford to lose anything will happens you can easily move on. Do not wait for the real bitcoin bank make some action now until bitcoin value is not too high and it is affordable.
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June 02, 2017, 01:02:58 PM
 #436

Every minute, every day and every year bitcoin's price get change rapidly, but I think it's price get increase when some country and people accept bitcoin as a payment of their sevices and goods, so better now to save bitcoin from legit wallet account and make some investment, not convert it into cash.

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June 02, 2017, 01:14:03 PM
 #437

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
For me saving bitcoin is nice idea to us. I guess there are lot of people who save bitcoin for the future because there is possibility that the price of bitcoin will increase in the future then they will trade it to get much money that can sustain all there need in daily life. I think if there’s a bank who accept bitcoin I guess all bitcoin user will save their bitcoin in that bank because they know that there money is totally safe and no one’s will try to stealth it.
Sure, Bitcoin is gradually becoming popular, a lot of people know it, bitcoin will be worth more for the future, so saving it from now is the best way for us to become rich in the future. I think banks will never accept bitcoin because they do not manage and control it. In addition to that bitcoin can be stored in our computer or wallet, bank for bitcoin is not required. Bitcoin is not like cash, it's just digital money and it's easy to get stolen, any bank does not take the risk from it

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bitbunnny
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June 02, 2017, 01:16:07 PM
 #438

It's good to save Bitcoin on two different ways. For some concrete purpose you need funding on some short period and on long term basis hoping that price will go up with longer period if time and you will have something that is called life savings. But you have to put a lot of efforts to get sufficient amount of coins.

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June 02, 2017, 01:22:32 PM
 #439

I think i never heard that bank accepting bitcoin. Maybe in next next years, some bank are able to accept deposit of bitcoin. Therefore their is bitcoin wallet that save or deposit it in the wallet so you can save and stock it for years.

If bitcoin can be safe on bank , I think it will broke decentralized paradigm as bitcoin already achieve.
If bank able to save bitcoin, it means that you're give your goverment controlling your bitcoin  Undecided
Its true, that your bitcoin will probably be safe when you store it in the bank and may be profitable because of interest from the bank. But I think they can control your bitcoin and that's not a good thing.
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June 02, 2017, 02:26:43 PM
 #440

Every minute, every day and every year bitcoin's price get change rapidly, but I think it's price get increase when some country and people accept bitcoin as a payment of their sevices and goods, so better now to save bitcoin from legit wallet account and make some investment, not convert it into cash.
yes it is better now to save bitcoin because it can help us to provide our needs for the future use. it may be our alternative income when we dont have money to be use, bitcoin will always be a good investment for us indeed. if only i have enough money i will buy some bitcoin and save it for my future use, it is good save bitcoin it will be an investment for us.

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