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picolo
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November 21, 2014, 09:02:50 PM |
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My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.
Mine is around 7% minimum.Lucky me huh  you live in switzerland or something? lol Nope. SEA SEA? Switzerland has very high fees and very low interest rates for savings account; in the Euro zone it's about 1%/year but in some countries you have to pay an interest to keep money in your deposit account : you are charge 0.xx% per year |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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philiveyjr
Legendary
 Offline
Activity: 840
Merit: 1000
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November 21, 2014, 09:06:54 PM |
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I dont mind converting all my life savings into bitcoins..this is probably the right time to do so..but I live in a country..where easily less than 5% of the population knows about bitcoin n Im pretty sure till now nobody(as far as i kno) accepts BTC for goods n stuff..!! So..Its close to impossible to do it..out here!
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picolo
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November 21, 2014, 10:41:09 PM |
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I dont mind converting all my life savings into bitcoins..this is probably the right time to do so..but I live in a country..where easily less than 5% of the population knows about bitcoin n Im pretty sure till now nobody(as far as i kno) accepts BTC for goods n stuff..!! So..Its close to impossible to do it..out here!
You can invest in Bitcoin and sell it for a profit in a few years and exchange it to your local currency to buy the stuff you need locally. |
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gravitate
Legendary
Offline
Activity: 1372
Merit: 1000
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December 09, 2014, 11:54:28 AM |
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I have 30 bitcoins. Should I sell or keep?
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To peel or not to peel.
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MataKhobRazi
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December 09, 2014, 12:05:51 PM |
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I have 30 bitcoins. Should I sell or keep?
It depends... If you really need this money, you should sell, at least one part. But if you don't, I would keep for the years to come because bitcoin's got a huge potential when it will massively be adopted. Of course, it's a bet to do. If you are able to take such a bet, you should take it. We can't think instead of you. It's you the one who has to do this kind of choice. |
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picolo
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December 09, 2014, 01:52:31 PM |
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I have 30 bitcoins. Should I sell or keep?
It depends... If you really need this money, you should sell, at least one part. But if you don't, I would keep for the years to come because bitcoin's got a huge potential when it will massively be adopted. Of course, it's a bet to do. If you are able to take such a bet, you should take it. We can't think instead of you. It's you the one who has to do this kind of choice. Keep it securely in a paper wallet. You can invest 3BTC on cloudmining or in the just-dice bankroll if you want to gamble/invest some of it. Bank accounts serve a high interest in countries with high inflation but high inflation means the purchasing power of your holdings go down. |
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Ruthful
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December 10, 2014, 12:27:35 AM |
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Bank accounts serve a high interest in countries with high inflation but high inflation means the purchasing power of your holdings go down.
Don't think it's necessarily true all the time.The standard bank account interest around here seems to beat the inflation rate most of the time, but the inflation rate here is around 2% so it isn't really what people call high inflation. |
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EnFinlay
Newbie
Offline
Activity: 15
Merit: 0
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December 10, 2014, 02:31:19 AM |
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I have 30 bitcoins. Should I sell or keep?
If you don't need the money, keep it and do your best to increase adoption! |
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TrailingComet
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December 10, 2014, 09:43:31 AM |
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Just did the math, I have 10% of my net worth in cryptos. That's 10% of not very much, mind you...  |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 10, 2014, 03:02:00 PM |
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I have 30 bitcoins. Should I sell or keep?
Keep 21 for long term so that you can say that you have 1 millionth of all bitcoins. Spend/invest/use the rest. Work on getting to 1 100,000th. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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December 11, 2014, 02:25:30 PM |
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Just did the math, I have 10% of my net worth in cryptos. That's 10% of not very much, mind you... I have 0.5% of my net worth. Real estate really skews the allocation. |
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allthingsluxury
Legendary
Offline
Activity: 1540
Merit: 1029
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December 11, 2014, 03:11:11 PM |
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Just did the math, I have 10% of my net worth in cryptos. That's 10% of not very much, mind you... 10% is an acceptable amount of risk for most asset allocations. |
Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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moriartybitcoin
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December 11, 2014, 09:12:52 PM |
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I put $750k into bitcoin this year, bought at $650 :-(
It's only 15% of my net worth tho .. the rest I have in VERY secure investment.
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moriartybitcoin
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December 11, 2014, 09:14:16 PM |
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I have 30 bitcoins. Should I sell or keep?
no reason to sell unless you need cash to buy your dinner .. |
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leex1528
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December 11, 2014, 09:16:40 PM |
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I put $750k into bitcoin this year, bought at $650 :-(
It's only 15% of my net worth tho .. the rest I have in VERY secure investment.
You put 750,000 dollars into Bitcoins??? Wowzers! Just curious as to what job do you have that you can afford to put that much money into something. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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December 11, 2014, 09:33:04 PM |
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I put $750k into bitcoin this year, bought at $650 :-(
It's only 15% of my net worth tho .. the rest I have in VERY secure investment.
You put 750,000 dollars into Bitcoins??? Wowzers! Just curious as to what job do you have that you can afford to put that much money into something. Theft. |
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WoopDeBoop
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December 12, 2014, 03:41:26 AM |
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I put $750k into bitcoin this year, bought at $650 :-(
It's only 15% of my net worth tho .. the rest I have in VERY secure investment.
stealing other peoples coins doesn't count as investing |
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jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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December 12, 2014, 04:45:17 AM |
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I put $750k into bitcoin this year, bought at $650 :-(
It's only 15% of my net worth tho .. the rest I have in VERY secure investment.
stealing other peoples coins doesn't count as investing this guy needs to go down. He stole $80k from some dude. Check the scam acusations. |
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Rassah
Legendary
Offline
Activity: 1680
Merit: 1035
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December 12, 2014, 08:54:08 AM |
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If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?
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newIndia
Legendary
Offline
Activity: 2212
Merit: 1049
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December 12, 2014, 09:02:06 AM |
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If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?
Because, in the offline world, a lot of merchants have not yet heard of Bitcoin. So, if I need to buy something from them, I need to have FIAT in possession. Sad, but true, the internet population is still less than the non-internet population across the globe. |
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