Bitcoin Forum
February 02, 2023, 12:35:26 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: Would you put all your savings money into BTC?  (Read 5712 times)
CoinGeneral (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100

The General


View Profile
November 27, 2013, 10:56:35 PM
 #1

Would you put all your savings money into BTC rather than at the bank?

Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675341326
Hero Member
*
Offline Offline

Posts: 1675341326

View Profile Personal Message (Offline)

Ignore
1675341326
Reply with quote  #2

1675341326
Report to moderator
pera
Sr. Member
****
Offline Offline

Activity: 532
Merit: 261


­バカ


View Profile
November 27, 2013, 10:58:32 PM
 #2

no, but I wouldn't put all my savings in a bank neither  Wink

キタ━━━━(゚∀゚)━━━━ッ!!
CoinGeneral (OP)
Full Member
***
Offline Offline

Activity: 182
Merit: 100

The General


View Profile
November 27, 2013, 11:03:18 PM
 #3

no, but I wouldn't put all my savings in a bank neither  Wink

Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance

SkRRJyTC
Legendary
*
Offline Offline

Activity: 1008
Merit: 1000


View Profile
November 27, 2013, 11:06:20 PM
 #4

no, but I wouldn't put all my savings in a bank neither  Wink

Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance

There may not be cost, but there is certainly risk.

Ask Cyprus.
ASanerWorld
Newbie
*
Offline Offline

Activity: 23
Merit: 0



View Profile
November 27, 2013, 11:07:48 PM
 #5

I didn't plan it this way, but at the moment, I do have more savings in BTC than in USD in a bank, but that's only because I've been holding a few coins since early 2011.
sgbett
Legendary
*
Offline Offline

Activity: 2506
Merit: 1086



View Profile
November 27, 2013, 11:08:15 PM
 #6

no. However as it happens,  bitcoin has pretty much ended up *being* all my savings. lol.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
Hyena
Legendary
*
Offline Offline

Activity: 2114
Merit: 1009



View Profile WWW
November 27, 2013, 11:16:31 PM
 #7

I hate banks. So it immediately angered me a lot when my balance got greater than 2k euros in a bank. Therefore all the money that I didn't need to spend any time soon ended up accumulated in crypto coins. Smartest financial choice of my life so far.

★★★ CryptoGraffiti.info ★★★ Hidden Messages Found from the Block Chain (Thread)
Xenoph0bia
Hero Member
*****
Offline Offline

Activity: 966
Merit: 501



View Profile
November 27, 2013, 11:20:39 PM
 #8

no, but I wouldn't put all my savings in a bank neither  Wink

Why not? There's no cost to having it in the bank as long as you meet the minimum monthly required balance

Any money loose value over time. Bank might give you percent or more interest yearly, but the inflation of money is always higher  Wink
Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
November 27, 2013, 11:27:52 PM
 #9

no. However as it happens,  bitcoin has pretty much ended up *being* all my savings. lol.

Banks and paper money in general seems to be extremely difficult to earn, partly because the fees and costs for setting up anything is ridiculous, meanwhile even I'm making small chunks of cash in Bitcoin and I'm close to being able to make a steady stream because of how easy it is to conduct international trade. I like to diversify so this question is a bit irrelevant to me but if I had a bank like the old ones that were run by Austrian economists and backed by Gold/Silver I wouldn't mind so much keeping money there.

Banks have dug their own graves by making lives extremely difficult for people to conduct business when that is the only way they make money, the same goes for any person I've seen attack Bitcoin, they're just forcing people to come up with an alternative.
Missionary
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile WWW
November 27, 2013, 11:29:06 PM
 #10

Would you put all your savings money into BTC rather than at the bank?

That's what I did @136. All of it. Been holding since.

I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z
You can find more information about my plans here: http://btcmission.com
vokain
Legendary
*
Offline Offline

Activity: 1792
Merit: 1010


View Profile WWW
November 27, 2013, 11:50:09 PM
 #11

I'm less than 1% fiat fwiw, and living without much change from life before crypto.

It's nice. Big impulse purchases I'm prone to have to stand the test of 2-3 days' mulling before coinbase releases my dollars.

Bitcoin is a real savings account if I say so myself.
Kreigyr
Member
**
Offline Offline

Activity: 75
Merit: 10


View Profile
November 27, 2013, 11:57:27 PM
 #12

no. However as it happens,  bitcoin has pretty much ended up *being* all my savings. lol.

I put in about 400$ of GPUs and it gave me far more than I imagined it could have. Makes the ~300$ I have sitting in my bank account seem borderline non-existant...

...Until Walmart takes these things :\

chrsjrcj
Full Member
***
Offline Offline

Activity: 280
Merit: 102



View Profile
November 28, 2013, 12:00:59 AM
 #13

At this point, my bitcoin wealth is greater than all my checking, saving, and investment accounts combined.

But, no, I wouldn't put all of my savings in bitcoin. Maybe like 50%.
theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
November 28, 2013, 12:06:36 AM
 #14

No, but I wouldn't put it in the USD either.

600watt
Legendary
*
Offline Offline

Activity: 2338
Merit: 2095



View Profile
November 28, 2013, 12:16:57 AM
 #15

at this moment bitcoin attenuates my other savings.  big time(s)


edit: typo
Kreigyr
Member
**
Offline Offline

Activity: 75
Merit: 10


View Profile
November 28, 2013, 12:19:35 AM
 #16

Honestly speaking, I'm getting a gut feeling that anyone who happens to have most of their savings in Bitcoin at the moment either doesn't have much saved or may want to consider a more stable system.

I then realize that the other options aren't truely any more stable, just less volatile. I then carry on.

eindbaas
Member
**
Offline Offline

Activity: 70
Merit: 10

umad?


View Profile
November 28, 2013, 12:33:54 AM
 #17

YES
klovishey
Full Member
***
Offline Offline

Activity: 195
Merit: 100

Selling Coupons Babie


View Profile
November 28, 2013, 12:53:38 AM
 #18

Would you put all your savings money into BTC rather than at the bank?

No. Put only little into BTC, more to Gold and keep some money for your expences. This is how I doing it
im3w1l
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
November 28, 2013, 12:59:23 AM
 #19

NO.
malumeze86
Member
**
Offline Offline

Activity: 88
Merit: 10


View Profile
November 28, 2013, 01:00:30 AM
 #20

I'm still stacking my silver and gold....

But adding little bits of BTC everyday.

USD is crap, becomes a bit more worthless every single day.  My bank gives me a whole 0.01% on savings, but only upto 25,000$

So I deposit just enough to pay my bills and keep the rest to invest in PMs or BTC.
  

1EaEzvenWz2nXNQxEyQmkHhfSKxpXeRsyD
Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!