Grandma tell you to keep old coin in piggy bank

[beerlover]

I never got upset about the coins that didn't yielded me profit neither, surely I had some of them that made me enough money that the risk of going in always paid off when eve 1 out of 10 coins that I invested became very good means that other 9 are paid for, any ratio that is better I am making a killing out of this. Remember those good old ICO times?

I have invested into hundreds of coins back in the day, most of which do not worth anything but here and there I invested into stuff like IOTA that made me so much money that I don't care about all other coins I have.

Also, I agree that having a lot of coins on your wallet feels very nice, normally nothing happens but once a year one of them makes a comeback and goes up super high so you end up selling them and make a small profit or at least less loss from them and that feels like finding some money in the coat you forgot last year and wore this year and that couple bucks you find there makes you happy like it is free money.

[bering]

Luckly i still have my grandma piggy bank which is i never opened it and i'm sure inside there i will found old coins which the collectors looking for it however we might be will says saving privately bitcoin into our wallet is good idea because we have fully control to access it but those who don't believe bitcoin will says saving their money into banks will ensure their investment are safe even for more years so i think all of it depend from which side people will see it

[Doell]

Isn't that the same as a piggy bank is the most popular storage in the past I like to call it an "iron piggy bank" which we can't take as easily as touch for a wallet in a my pants ,now the era of increasingly sophisticated bitcoin can be stored in a wallet and keep the key in a book or other hardware It's very safe and I think it's like the similarities between piggy bank too different times the situation is also not the same we have to be more modernization in respect the words of the grandma

[Debonaire217]

Of course, normal comments would say, having your own wallet and bank would provide us with more profits, but is wasn't enough, we need to have very secured wallets such ad those that are hiding private keys such as hardwares to make sure we can have our money for a very long time.

[audaciousbeing]

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Yes there have been some coins that have become valuable and would still be valuable in the near future but at the same time there are some shit coins that would never become valuable no matter how its being pushed or promoted. However, its all about risk because one limited factor to human is the inability to see the future and that is a fundamental thing that cause error in judgement and there is nothing anyone can do about it.

[agentx44]

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.

[k@suy]

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.

Yes you are right comparing cryptocurrency and fiat is really different. In cryptocurrency as what you have said its value can change from time to time and your investment has the chance to experience massive growth while in fiat, the value of this currency cannot be changed from time to time but if you invest it still your investment can grow but not just like as huge in cryptocurrency although you can invest it into a business that is in demand in order for you to havehuge income.

[gabmen]

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Well, when it comes to fiat, you cannot expect its value to grow even after a long time, unlike in crypto, if ever the coin is being successful and progressive, there is a huge probability that its value will grow as time passes by. You can keep your bitcoin in the bank but you cannot expect a massive growth on your investment. But if you would keep it in your wallet, there's a chance of massive growth but unlike before, it's not as possible as what we had way back.

Yes you are right comparing cryptocurrency and fiat is really different. In cryptocurrency as what you have said its value can change from time to time and your investment has the chance to experience massive growth while in fiat, the value of this currency cannot be changed from time to time but if you invest it still your investment can grow but not just like as huge in cryptocurrency although you can invest it into a business that is in demand in order for you to havehuge income.

Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.

[Wexlike]

*skip*

Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.

Guts? A few of us are hodling for several years already, some for 10 years. And it is pretty easy to calculate the gains in dollar value while holding it. Give it time, we are still in the growing process of a new monetary system. We're not yet at the S-curve adoption, but not that far away. I expect one more crazy bull until Bitcoin is tamed and well honored amongst the other financial classes and assets.

[clickerz]

Luckly i still have my grandma piggy bank which is i never opened it and i'm sure inside there i will found old coins which the collectors looking for it however we might be will says saving privately bitcoin into our wallet is good idea because we have fully control to access it but those who don't believe bitcoin will says saving their money into banks will ensure their investment are safe even for more years so i think all of it depend from which side people will see it

You may have a point, it depends on someone's perception but of course, the majority will side with banks. Its norm since then and bitcoin is breaking this standard. Our parents, grandparents or the older generations have little to no idea about this cryptocurrency. They grow with saving is through piggy bank, though it is a good idea to teach saving in younger years, today is different.

[abeecrypto]

There is no need to keep shitcoins. Except they aren’t really shitcoins.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.

[JollyGood]

There is no need to keep shitcoins. Except they aren’t really shitcoins.
Many would say, they prefer to hold the coins in their online wallet. But do remember it is online we are talking about.
In the next 20 years, the coin in the bank or online wallet might not increase or reduce in value. You can’t tell the direction the value will go.
The bank might be safer than the online wallet.
And 20 years is a very long time. The coin you so much cherish and kept might not turn to shitcoin by then.
So, keeping coin for a long time could be disastrous or beneficial.

I suppose it could also mean a calculated risk with nothing to lose because if the trash useless coins have been purchased and a loss has been made there should be no harm in storing them just in case they might go up in value over a period of a couple of decades.

It is probably a matter of either seeing the glass half full or half empty - each to their own I guess.

[Webetcoins]

*skip*

Lol. 20 years is a long time. Have you also considered that though your asset in the bank may have very little or no growth at all, your crypto asset may not have value anymore at that time? For people who don't like to gamble, of course the logical choice would be the traditional banks. It'll take guts to put all your assets in crypto, hold it for 2 decades and then expect the value to double or more.

Guts? A few of us are hodling for several years already, some for 10 years. And it is pretty easy to calculate the gains in dollar value while holding it. Give it time, we are still in the growing process of a new monetary system. We're not yet at the S-curve adoption, but not that far away. I expect one more crazy bull until Bitcoin is tamed and well honored amongst the other financial classes and assets.

but yet I would claim that you are right. Keeping my currency stored in a bank account won’t help in anyways. This is because banking systems always offer little profits over your amount in longer durations as these are utilized in their private business development. On the other hand online wallets are supposed to undergo quick transactions and hence profits are much rapid.

[doomistake]

Nope, our grandma tell thats thing because the old coin during she was child is cheap and now its expensive.
This is because in 1900-1950 the coin are limited production. The value of that coins will raise up so its make the price is expensive.
And also, the money collector can make the demand of limited coins raise up.

You can hold that old coins to make the high values in future, but you must holding until you become grandfather or the next generation until money collector want to search that coins.

This is correct, but let me add few things about this explanation of yours.

This is a great analogy but let me state this fact literally. It is true that old coins value more right now than before (in your grandma's era) but not all of the coins you will put in a box will going to have a big value in time, no, only few of them will, because people will find something unique about it and they will put a huge price on it.

And let's go back to cryptocurrency, I agree that bitcoin will have greater value in the near future than altcoin, because obviously, it is their origin, if there is no bitcoin, there would be no shitcoins and other altcoins in the market right now.

[lixer]

Brruuuh, I don’t really get what you’re saying here . Lol, if you’re saving a coin in your piggy bank and you’re saving for so many years, let’s say twenty to thirty, it’s definitely going to rust before you know what’s happening.

So, I guess this is just a quote. I wouldn’t tell my children to be saving money in piggy banks, there are lots of ways they can save value and also make interest. I will advise them to save their money and invest it. I will make them understand everything about investment and how it works, and the risks that are involved in it. They can invest in things like Bitcoin and Gold, and other assets and even bonds.

[Clark05]

In the bitcoin once you keep it to the wallet your money will increase the value for sure but once you keep your coin in the pigfy bank like what your grandma said it will not increased it unless the coin is hundred years or thousands years old so just tell your grandma why she did not keep coin before so they will give and the value will rise after few century because once you keep the coin today the value will rise only after few centuries and you die that day for sure.

[Magkirap]

Well i will definitely tell them to keep those coins that they have now because of the chance that it's value will increase but of course you should store it in your own wallet or hard wallet and not in banks because of the risks it has but it only goes to cryptocurrency but when we talk about physical money or coin then you should keep it because it will be a rare thing in the future and some people are obssessed with it and will definitely buy it in a high value.

[blckhawk]

The analogy was quite off. For one, you're comparing antiqueness to Bitcoin, whereas Bitcoin cannot be antique. Oldness of coins are what makes them special, because they have one quality, being rare. Bitcoin, with the same idea, would be rare or hard to get, simply by demand of people to it. Though this crosses the border between an asset and a currency, which the latter is the main objective of Bitcoin, not a collectible.

[bobitza]

Remember your grandma told you??

She said the old coins you keep inside your piggy bank would fetch high values in future, but the old coins you keep inside your trusted bank service, $ 1000 would be still $ 1000 after 20 years??

Do you know how old America eagle coins fetch many folds higher values than its face value??

What happens??

Now let’s look at this:

Keep your bitcoin and shitcoin under the custodian bank service

Vs

Keep your bitcoin and shitcoin in your online wallet

After 20 years, what will happens to the value in your bank vs the value in the wallet, and why on the bank is still the same?

Now will you tell your grand grand kids the same advices your grandma tell you, “my sweet child’s, keep your shitcoin and it would fetch high value!”

Put money in piggy bank to save. This reminds me of my childhood memories. Now it's time to put money into the piggy bank. This does not help you to make a profit, you put money into the pig, even though 1 day, 1 week, 1 month, 1 year or 20 years still have no value increase or decrease. If you put money in a bank, it will increase over time.

[SquallLeonhart]

It is not the same as putting money in a piggy bank, in the world of fiat if you put money into your bank account for a long time and save, you may get a bit of savings account but the value of your money also drops as well, in bitcoin its a currency that will get rarer and rarer with time so you are both gaining money while saving plus the money you saved also getting some more value as well.

I know that bitcoin price hasn't gone up in a minute now and everyone is still pouting over that $20k times and how we are not there yet but in the end we all know that bitcoin will go up in the long run so saving bitcoin is much much better than saving fiat at this point in time. However, there is a time when selling bitcoin will make sense as well, anything over $20k and I am sure most of us will sell as well.