Keeping money and keeping bitcoins? are they similar?

[Bitstar_coin]

Bitcoin increases in value overtime, money decreases in value overtime so they are not similar. Btc is more of an asset than a legal tender which is why it can not be similar to money completely. Although they both hold great importance only that one is more valuable than the other. When it comes to making a real life choice among the two, i will rather go with the 20-80 rule  

[aksplace]

Bitcoin increases in value overtime, money decreases in value overtime so they are not similar. Btc is more of an asset than a legal tender which is why it can not be similar to money completely. Although they both hold great importance only that one is more valuable than the other. When it comes to making a real life choice among the two, i will rather go with the 20-80 rule  

You should know that the bitcoin price is very volatile if you don't convert all your money to bitcoin investment, don't forget the risk of unpredictable bitcoin price movement patterns so it's better to invest 30% of all the money you have to reduce the risk if the bitcoin price drops significantly , so both are still the best choice but the use of bitcoin is still limited so you have to make bitcoin as a long term investment.

[yohananaomi]

Bitcoin increases in value overtime, money decreases in value overtime so they are not similar. Btc is more of an asset than a legal tender which is why it can not be similar to money completely. Although they both hold great importance only that one is more valuable than the other. When it comes to making a real life choice among the two, i will rather go with the 20-80 rule  

You should know that the bitcoin price is very volatile if you don't convert all your money to bitcoin investment, don't forget the risk of unpredictable bitcoin price movement patterns so it's better to invest 30% of all the money you have to reduce the risk if the bitcoin price drops significantly , so both are still the best choice but the use of bitcoin is still limited so you have to make bitcoin as a long term investment.

agree with the opinion that the value of bitcoin will continue to increase from time to time, although sometimes it will also experience corrections, but if it is invested in the long term it is certain that those who hold it will get a very large profit compared to other investments.
I also agree that investing in bitcoin is very risky if you are not wise in investing. if you already benefit from the investment, immediately sell it so that the results of the investment can be seen, will continue to return when the price is corrected and buy for further investment. keep doing it according to the development every time of the bitcoin value.

[slapper]

Bitcoin increases in value overtime, money decreases in value overtime so they are not similar. Btc is more of an asset than a legal tender which is why it can not be similar to money completely. Although they both hold great importance only that one is more valuable than the other. When it comes to making a real life choice among the two, i will rather go with the 20-80 rule  

You should know that the bitcoin price is very volatile if you don't convert all your money to bitcoin investment, don't forget the risk of unpredictable bitcoin price movement patterns so it's better to invest 30% of all the money you have to reduce the risk if the bitcoin price drops significantly , so both are still the best choice but the use of bitcoin is still limited so you have to make bitcoin as a long term investment.

agree with the opinion that the value of bitcoin will continue to increase from time to time, although sometimes it will also experience corrections, but if it is invested in the long term it is certain that those who hold it will get a very large profit compared to other investments.
I also agree that investing in bitcoin is very risky if you are not wise in investing. if you already benefit from the investment, immediately sell it so that the results of the investment can be seen, will continue to return when the price is corrected and buy for further investment. keep doing it according to the development every time of the bitcoin value.

What you said is spot on. Bitcoin? An occasionally turbulent rocket. However, if you can keep your cool and keep holding on to it for the long term, you will have a digital treasure on your hands.

Investment in Bitcoin? Fighting this is like taking on a rabid grizzly. thrilling and maybe fatal. No risk, no reward, so keep that in mind. When your digital wallet begins to jingle with riches, it's time to cash out. Get your hands on those profits and watch your wealth grow.

And that's not all! Punctuality is a fine art. Take advantage of the dip in price that occurs when Bitcoin has a temper tantrum and other cryptocurrencies follow suit. Keep your finger on the investment pulse, keep up with Bitcoin's winding story, and adapt as necessary.

[dezoel]

Bitcoin was still a money but the only difference is that it has a limited supply which means it is more immune to inflations so keeping bitcoins is also important as keeping hard money. The reason why need physical money is that not all times bitcoin is accepted and then there are times that internet and electricity is unavailable for us to use a bitcoin.

People who are good at saving money might not perform the same on saving a bitcoin because bitcoin is too unstable and it might scare them when they saw that its value is dropping hard and seems not going to recover anymore. They will still need to learn bitcoin first in order to be good at it.

[Lorence.xD]

Bitcoin was still a money but the only difference is that it has a limited supply which means it is more immune to inflations so keeping bitcoins is also important as keeping hard money. The reason why need physical money is that not all times bitcoin is accepted and then there are times that internet and electricity is unavailable for us to use a bitcoin.

People who are good at saving money might not perform the same on saving a bitcoin because bitcoin is too unstable and it might scare them when they saw that its value is dropping hard and seems not going to recover anymore. They will still need to learn bitcoin first in order to be good at it.

That's why it would still recommended to not invest all of your money like 70/30 or 60/40 for keeping money and the rest for investment so it wouldn't hurt your funds since you still have bills to pay. But it's true since Bitcoin is much more complicated than saving money with the volatility involved which could risk your funds. So it might take a lot of time for you to perform well in Bitcoin as you still need to study and gather some knowledge about it. Plus if you would need money realquick you couldn't just transact in Bitcoin since there's also issue about the transaction time. So separating savings is recommendable.

[Etranger]

Apart from what already has being said about the main differences in keeping money and keeping bitcoins (stability vs rising potential; centralisation vs decentralisation; tracking and transparency vs anonymity) I also would like to add some phycological, if to say so, aspects, which makes those two activities not similar at all. Keeping money, in my opinion, makes you vulnerable to temptation to spend them when you feel such a necessity. More likely you wouldn't search for alternative ways of getting some extra money if you already have some savings. it could be a little bit of pity to get into your savings pocket and pend what you have managed to hold over, but there is a high possibility you would do this in case of emergency, you would consider this as the best option.

On the contrary, when you hold bitcoin, you tend to think at what price you bought them, and what is the price at the moment, are you losing or gaining if you spend them right now. They become more valuable in either cases: is the current price is higher than the buy price, you wouldn't want to lose more potential gains to pay for something right now. If the current price is lower comparing to the buy price, you wouldn't want to realise losses. That is why you would probably look for some other options to solve your immediate issues. Bitcoin ownership makes you more prudent and reasonable and even more creative in solving such problems, because you wouldn't desire to sacrifice you valuable bitcoins in order to spend them for something you can reach in other ways.

[CageMabok]

agree with the opinion that the value of bitcoin will continue to increase from time to time, although sometimes it will also experience corrections, but if it is invested in the long term it is certain that those who hold it will get a very large profit compared to other investments.
I also agree that investing in bitcoin is very risky if you are not wise in investing. if you already benefit from the investment, immediately sell it so that the results of the investment can be seen, will continue to return when the price is corrected and buy for further investment. keep doing it according to the development every time of the bitcoin value.

Because there are improvements from time to time that makes Bitcoin more suitable as an investment in the long term. Because if the investment is only for the short term, I think it's not much different from a trade that some people also often do in the short term. But if investors who like Bitcoin and invest long term, I don't think those investors will make a focus on selling in the short term nor will they give up arbitrarily at prices they don't like. Because usually investors who have several investments will prefer to keep their assets by not throwing them away at a low value.

[Stavri]

The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Its a question about Centralization vs. Decentralization. Do you want your money to be regulated by central banks and governments. In this case they control its supply, circulation, and monetary policies.

[hyudien]

agree with the opinion that the value of bitcoin will continue to increase from time to time, although sometimes it will also experience corrections, but if it is invested in the long term it is certain that those who hold it will get a very large profit compared to other investments.
I also agree that investing in bitcoin is very risky if you are not wise in investing. if you already benefit from the investment, immediately sell it so that the results of the investment can be seen, will continue to return when the price is corrected and buy for further investment. keep doing it according to the development every time of the bitcoin value.

Because there are improvements from time to time that makes Bitcoin more suitable as an investment in the long term. Because if the investment is only for the short term, I think it's not much different from a trade that some people also often do in the short term. But if investors who like Bitcoin and invest long term, I don't think those investors will make a focus on selling in the short term nor will they give up arbitrarily at prices they don't like. Because usually investors who have several investments will prefer to keep their assets by not throwing them away at a low value.

Indeed bitcoin is prioritized to hold in the long term. For the short term I prefer to do it with altcoins, whereas for bitcoin at least until the bull run comes for me to keep holding it, that is at least a short amount of time to hold bitcoin. But most people are impatient in holding for the long term, they will be tempted by profits when they see their portfolio increase, which is natural because that is what we are aiming for. It's not a problem when we are still selling in a profit, but it's not uncommon for many people to panic so they sell when they lose.

[bbigtart]

The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Saving Bitcoin and saving money are different things. Because When we consider to store Bitcoin. Bitcoin is a very valuable currency and asset for the future because its price fluctuates. It can get bigger profit if its value goes up in the future.

On the other hand, saving money in fiat currency has tight security so that it makes our money safe. however Inflation can affect the purchasing power of our money over time, there is also the advantage that saving money tends to be more stable and widely acceptable in day-to-day transactions. His decision to keep Bitcoin or fiat currency is largely down to personal preference and knowledge of the bitcoin market and technology. But it would be nice if we have both savings.

[naikturun]

In my opinion it's very similar. Keeping bitcoins is easier for someone who is already saving money. I've noticed this several times in my own circle of acquaintances. People who fail to save money usually fail to hold onto their bitcoins for long either. I don't think it's random either. Some people are good savers and others have an urge to spend their money as soon as possible. Whether it's fiat money or cryptocurrency. 

You make an interesting observation regarding the correlation between the ability to save money and holding onto Bitcoin or any other form of wealth. Personal financial habits, including saving money, can indeed play a role in an individual's ability to accumulate and hold onto assets like Bitcoin. It's often the case that individuals who practice disciplined saving habits are more likely to hold onto their wealth, regardless of whether it's in the form of traditional fiat money or cryptocurrencies.

[imamusma]

Bitcoin was still a money but the only difference is that it has a limited supply which means it is more immune to inflations so keeping bitcoins is also important as keeping hard money. The reason why need physical money is that not all times bitcoin is accepted and then there are times that internet and electricity is unavailable for us to use a bitcoin.

It is highly discouraged to keep 100% of your budget in bitcoin for any reason. Bitcoin gradually continued to grow year by year and bitcoin was adopted as a currency due to all the characteristics of money present in it. Bitcoin has the characteristics of money like durability, portability, fungibility, scarcity, divisibility, and recognition as stated on the bitcoin.org site. But however, anyone is not advised to put 100% of their money in bitcoin because of the risks.

As many other users have said, bitcoin has the potential to be a good investment asset that is profitable compared to bank deposits. Fiat is losing value over the years, but it is still needed in this centralized world. Keep both, buy bitcoin and hold it long term investment asset while you also need fiat for day to day transactions.

[Mario Yamasaki]

Keeping money and keeping bitcoins is of course a different matter, keeping money will not make us rich because its value never changes but usually goes down due to inflation, while keeping bitcoins is something that can make us new millionaires, there is a lot of evidence that they are buying bitcoins for $1 or less and have tens of thousands of bitcoins are now the new rich people.

[gaston castano]

First of all I want to say that saving money and saving bitcoins are not the same thing. Two different things.  People save money to keep their money safe and use that money in the future but people buy bitcoins for profit. 

Most people around the world now save money, with a small number of people buying bitcoins. After buying Bitcoin with your own money, when that Bitcoin is left in the wallet, you can gain from that Bitcoin and lose from that Bitcoin, that is, it is a completely risky matter. But there is no such risk in saving money. If you deposit money in your account, that money is safe and there is no possibility of it decreasing even if the amount of money increases, that's why people consider it more safe to deposit money from Bitcoin.

You're correct that saving money and investing in Bitcoin are different approaches with varying levels of risk. Saving money in a traditional bank account is generally considered a low-risk option as it provides stability and the assurance that the value of the money deposited will not decrease over time. The primary objective of saving money is to preserve its value and have it available for future use.

[smile1218]

Keeping money and bitcoin are similar in the sense that both involve in storing value for future use. Money is a physical currency that is issued and controlled by governments, whereas bitcoin is a digital currency that is decentralized and not controlled by central authority. This means that while government can print more money, the supply of bitcoin is limited to 21 million. Money is widely accepted as a medium of exchange for goods and services, whereas bitcoin is still relatively new and not as widely accepted. The number of businesses accepting bitcoin is growing and it is increasingly being seen as a legitimate form of payment. The value of money is relatively stable and predictable, whereas the value of bitcoin is highly volatile and can fluctuate rapidly. It only means that while storing money in a bank account may offer relatively low returns but also low risk, investing in bitcoin can offer higher returns but also higher risk.

[S A KHAIR]

They are entirely different because one is a stable currency, and the other is a highly speculative asset. So you can hold both, money used for savings and daily living expenses. While bitcoin is a long term investment and a way to grow wealth in the future. But I recommend holding more bitcoins than fiat, as fiat depreciates over time while bitcoin always increases in value over time.

[ringgo96]

for me crypto lovers storing bitcoin is the main choice because its value will increase if the price of bitcoin reaches a new ATH and we can get greater profits, but if we save money the value never changes like when we first save even though there is interest but only a little, but if saving in the long term I feel a little disadvantaged because the value does not change, This is certainly very different from the value of Bitcoin, but the risk is certainly different and depends on our respective beliefs, so just choose which one we believe in because both are indeed our future assets.

[Hamza2424]

The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Quite an Old topic, Seems like Op was in his Initial days on the forum when he created this topic and now, He is even working with the mixer campaigns.

So after spending a quite decent time in the market and on the forum now I would like to ask you What you've got about it and please modify your Answer on it. Because I want to know is your Stance on Bitcoin changed or not, More likely if you are marking my Quote there are high chances that now your asked question will bring Laughter to your face. Let me know if I am wrong.

[puloweh555]

The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Saving fiat money and storing bitcoins are completely different especially when storing them for a long time or long term. For myself, it's better to save bitcoin from now on and use it as an asset to guard against global economic chaos rather than keeping fiat. Because the price of Bitcoin may increase significantly so that we get profits, this is very different from keeping fiat money. The analysis is like this, What if the government chooses to block all banks due to war or tension? Inflation is real, fiat money will lose value.

If you save Gold, gold is difficult to carry everywhere. So Bitcoin is the perfect way to save money because we can leave the country or migrate and just know how to access our wealth from our usual cloud/wallet.