Quote from: chaser15 on July 27, 2016, 07:40:42 PM

Quote from: Finestream on July 27, 2016, 05:08:45 AM

It is better to use your bitcoins as digital currency than paper wallet because once your bitcoins is online and stored in the blockchain you can easily cash out if you need it for emergencies and that is the best thing using bitcoins.

Your savings however, if you wanted it safer you have to put in the bank as only investment should be put in the blockchain.

It's still better to have fiat savings rather than bitcoin alone since internet are not present all the times. So just in case you need in an emergency you don't need to log on with your device just to execute withdrawals of your coins. And besides, withdrawals of bitcoin are not that instant in most of the cases per country.

If you look at savings that way, storing some money in your house appears to be the best way (as ATM's might go offline & banks may go bankrupt). However, in the latter situation, a particular currency might not be worth much anymore. Maybe storing gold is better in that situation. (Or Bitcoin, but yes, this has some downsides too in particular situations like that). All possibilities do have advantages and disadvantages.