Quote from: Dotakels on September 29, 2015, 11:49:03 AM

Quote from: n2004al on September 27, 2015, 12:44:20 PM

Quote from: Dotakels on September 27, 2015, 12:30:33 PM

Quote from: MinerHQ on September 26, 2015, 03:53:34 AM

Quote from: Itun on September 25, 2015, 07:38:19 PM

The easiest way to save is to set up automatic transfers on your bank account.

For example, transfer 10% of your salary every month on to a side account that you force yourself to not access for a certain period of time

And just forget about it for a while

Yes it is good idea but one shouldn't have a easy access for that account. If he/she got easy access then there are chances they may use it when they need it.

yeah banking your money is good but theres such a thing that we consider like the inflation because it can affect our money in bank, after a year our money will value will decrease. And take all the insurances don't think that insurances are another payment, it will help you in the future.

The money will be affected by inflation everywhere will be. So this factor cannot be in consideration when someone need to take a decision about where to send the savings. In bank or everywhere else the savings will have inflation. Exact in the same amount. So this is not a factor that cannot leave us to save the money at the bank. There will have the same loss from inflation like in every other place. I don't know some place which protect the savings from inflation. At least in my country. If you know any please write here because I am curious to know that.

i only know that inflation can't affect your money and you want to save your money, save it or keep it from your wallet just exchange it into bitcoin and from this way you can also earn some profit by exchanging your bitcoin to your fiat money higher than when you exchange your money into bitcoin.

First the inflation of money don't depend from your money. If the inflation will be (for some reason which have no importance to be told here) will be for sure. Whatever you do. Converting or not your money in bitcoin from you have nothing to do with inflation. If you do this (change your fiat money in bitcoin) first you will be never sure that will earn more from this action. You don't know in which direction will go the price of bitcoin. In other words if the value of bitcoin compared to your ex fiat money go down you will lose for sure. This is the first thing (and the first loss).

Then one day you will be forced to change again those bitcoin in fiat money to use it in the reality. Bitcoin cannot be used to buy bread or clothing or to go to the cinema. In that moment you will have again the previous fiat money. And if that fiat money during the time you had those in bitcoin it would be inflated the money you will have from bitcoin will be for sure inflated. So in conclusion. If you do what do you want to do and have wrote in your post you will lose not only from the decrease of the price of bitcoin but even from inflation.

If the price of bitcoin will go high you will earn from this but for sure you will lose again from the inflation when will realize the above cycle. Which is obligated to be made. Who will be the result of your actions in this case have no interest to be discussed regarding the matter we are discussing.