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Author Topic: Do you save bitcoin for fun or for future purpose?  (Read 204057 times)
Reid
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April 05, 2017, 02:59:33 PM
 #521

It is for savings account.
How can it be for fun only when we are dealing with real money. That can't just be the reason right?
Although some do for gambling reasons, it is fun but they are still way to serious into winning the game because it is their own money that is being spent.
I always think about the future and I can see this is the best way to save money and grow it just by letting it stay in a wallet.
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April 05, 2017, 03:18:20 PM
 #522

I save bitcoin for future purpose. It has the capability of becoming a global currency to replace fiat, though its a big longshot idea but it is capable of becoming such. My reasons are for trading and earning money from it. I also sell bitcoin to get fiat money when prices rise.

However saving bitcoin should be done judiciously because the prices matter and you would like to save money when prices fall as rise is coming soon for sure. Again you would like to save money if you are planning on some future project.

R


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April 05, 2017, 03:27:16 PM
 #523

I save bitcoin for future purpose. It has the capability of becoming a global currency to replace fiat, though its a big longshot idea but it is capable of becoming such. My reasons are for trading and earning money from it. I also sell bitcoin to get fiat money when prices rise.

However saving bitcoin should be done judiciously because the prices matter and you would like to save money when prices fall as rise is coming soon for sure. Again you would like to save money if you are planning on some future project.

If you are saving bitcoin because of the idea of it's capability to replace fiat then I see no sense at all saving it. What is the used of it's fiat value now if it will become the sole currency that will replace fiat. But well your follow up statement is fine since Im having that kind of same reasons too.

And just to add to your last statement, it's a good practice to have some measures on dealing with the price movement in bitcoin since it will lead us not only on profit but for a loss. But always remember that bitcoin is meant for long term holding so whatever loss that will happen, surely it will rise.

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April 05, 2017, 06:11:40 PM
 #524

I'm not saving it for fun. I do it because I need it. Also, I'm saving and investing it to achieve my future financial goals. I'm expecting to have a huge amount of bitcoin in the future because I put it in auto-reinvest whenever I received the interest on my investments.
You must be doing great. When bitcoin is having all the buying powers, I guess no one will be saving it for fun. Only in early days people would have saved it for fun by without knowing what will be the future of bitcoins.

We must save bitcoins now a days consciously because the future is just belongs to bitcoins as Japan government decided to legalize bitcoin payments and big number of merchants in Japan will be accepting it. Maybe Japan will be leading rest of world to adopt bitcoins.
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April 05, 2017, 07:41:26 PM
 #525

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
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April 06, 2017, 02:01:15 PM
 #526

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
It is for sure that people store bitcoin for the future because the believe that the price is always going to go up and they want to maximize their profit from bitcoin, but the question is until when, if the price keeps going up and people get greedy it is never the right time to exchange and stop saving.

I am not saying that people shouldn’t save they should but have a point and know their goals so they get their profit and not lose their chance to make money.
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April 06, 2017, 02:19:07 PM
 #527

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.
It is for sure that people store bitcoin for the future because the believe that the price is always going to go up and they want to maximize their profit from bitcoin, but the question is until when, if the price keeps going up and people get greedy it is never the right time to exchange and stop saving.

I am not saying that people shouldn’t save they should but have a point and know their goals so they get their profit and not lose their chance to make money.

Yeah, maybe some people will continue to keep bitcoin up to the highest price that can be achieved bitcoin. But I personally invest in the long term but also use ordinary profit I earn from trading. I use part of the profits to buy necessities such as internet access and the rest I return it to increase its investment in bitcoin. With so I invest with bitcoin once using bitcoin to buy something. Thank you
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April 06, 2017, 02:37:43 PM
 #528

Since I started bitcoin quarter of lastyear, I never purchase anything using bitcoin. All bitcoins I earned is invested to crypto trading.
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April 06, 2017, 02:47:48 PM
 #529

I have my own strategy with bitcoin.
Part of bitcoin funds I keep in my wallet and part of funds I regularly invest in online businesses.
In this way, a portion of the funds is safe in my wallet, and also I earning profit here, since bitcoin value increasing right now.
Other part of funds I invest, with high risk but also high possible profit.
Even if I loose with investing, still I have enough funds in my wallet, saved for the future Smiley

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April 06, 2017, 02:48:32 PM
 #530

I keep some bitcoins out of what i earn and balance i split in some in gambling and balance i convert them to fiat currency to meet my expenses. so if i am not wrong 90% of here who ever is earning or investing is saving for future only as investment.
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April 06, 2017, 02:51:44 PM
 #531

Since I started bitcoin quarter of lastyear, I never purchase anything using bitcoin. All bitcoins I earned is invested to crypto trading.
I think it's up to you to use bitcoin for spending or not. because each user is free to use for any bitcoinu. but one thing is important that saving for the future is quite important
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April 06, 2017, 03:16:25 PM
 #532

It is for savings account.
How can it be for fun only when we are dealing with real money. That can't just be the reason right?
Although some do for gambling reasons, it is fun but they are still way to serious into winning the game because it is their own money that is being spent.
I always think about the future and I can see this is the best way to save money and grow it just by letting it stay in a wallet.
It depends on the person, there are people that think having money is the greatest thing in live so it makes sense that for these people saving, investing, trading and any way to make their money grow is one of the greatest pleasures they can get in their lives.

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April 06, 2017, 03:26:40 PM
 #533

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.

You can save for future thats true but that wont give you much of any income while you can earn a lot by trading the coins. You can aim a price to sell and then sell the coins to get profit. Then reinvest the money to buy more and keep the net income as profit. Buy when the price is low and then sell it high. However take care in the altcoin market though because they are very volatile.

R


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April 06, 2017, 03:41:55 PM
 #534

It is for savings account.
How can it be for fun only when we are dealing with real money. That can't just be the reason right?
Although some do for gambling reasons, it is fun but they are still way to serious into winning the game because it is their own money that is being spent.
I always think about the future and I can see this is the best way to save money and grow it just by letting it stay in a wallet.
It depends on the person, there are people that think having money is the greatest thing in live so it makes sense that for these people saving, investing, trading and any way to make their money grow is one of the greatest pleasures they can get in their lives.
No doubt, the people when they have more money felt he was most excellent.
Moreover, they have a lot of Bitcoin in the savings. Bitcoin it would be
a great savings for our future and also can be the allowance as our own pleasure.
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April 06, 2017, 05:02:27 PM
 #535

Save the bitcoin so that someday if i have already bitcoin then i will use it on investments,and some other purposes.And i save it for the future and some others expenses.
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April 06, 2017, 05:16:00 PM
 #536

Yes of course I'm planning to save some btc for long term as investment. But I only have few right now so I need to find a good way to make it grow more to help my self for the future.
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April 06, 2017, 05:25:33 PM
 #537

I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I don't save bitcoin for fun but for future purpose of course. Because there's something that I am believing for on which someday the value of bitcoin will reach 10,000$ , Which means your capital now will be x10 or more after you hold and saved bitcoin for a years you will get your rewards of waiting.
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April 06, 2017, 05:27:09 PM
 #538

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.

You can save for future thats true but that wont give you much of any income while you can earn a lot by trading the coins. You can aim a price to sell and then sell the coins to get profit. Then reinvest the money to buy more and keep the net income as profit. Buy when the price is low and then sell it high. However take care in the altcoin market though because they are very volatile.
Investing and holding(long term) is probably a good thing. with trading there's probability of losing, it's not everyone can do it. one might panic and sell at loss, better hold and sell at $3k+.
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April 06, 2017, 05:36:14 PM
 #539

Investing and holding(long term) is probably a good thing. with trading there's probability of losing, it's not everyone can do it. one might panic and sell at loss, better hold and sell at $3k+.
It was good until now, although it is hard to predict if we won't encounter a wall in the future where internal bitcoin problems will cause it to collapse.
All I see is altcoins gearing towards war (LTC with SegWit, ETH with Raiden) and bitcoin is sitting idle while community is talking whether AsicBoost is legitimate or not.
Let this situation continue for another year or two and Bitcoin might be a goner.


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TheUltraElite
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April 07, 2017, 02:58:05 PM
 #540

Course I save bitcoin for my future purpose..

I am use bitcoin an alternative for investment, because bitcoin has become one of the means of payment in the web world.

You can save for future thats true but that wont give you much of any income while you can earn a lot by trading the coins. You can aim a price to sell and then sell the coins to get profit. Then reinvest the money to buy more and keep the net income as profit. Buy when the price is low and then sell it high. However take care in the altcoin market though because they are very volatile.
Investing and holding(long term) is probably a good thing. with trading there's probability of losing, it's not everyone can do it. one might panic and sell at loss, better hold and sell at $3k+.

You can also lose all your money if you are keeping it a bank and the bank is robbed. Seriously speaking we should try to do some daily trading if possible. Keeping all your coins held up does not always ensure sure profits in future. Even if it does when would you think its appropriate to sell the coins, when it touches 3k+ you may think "no lets hold it more and wait till 4k+", and this will continue until one day the price falls by a huge margin and you are back to square one.

R


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