Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a good way to store money?
by
wikenpp
on 11/09/2016, 15:57:41 UTC
It depends on how you define storage.  If you are talking about weeks or months, even longer, then depending on the method or wallet that you use, you should be good.

On the long range, there is gold coins, most obviously.

In a midrange, stick with money bills.

For the adventure right now, go for Bitcoin. It's future is still uncharted territory.
I like taking risks when I am holding my money into bitcoins. I too agree that there are chances of it dropping in value, but the chances of gaining is also there, and definitely with more chances than dropping as per considering the current trend, there is so much opportunity for bitcoin to grow in value even more.

With bitcoin you can never be certain what the price will be, but that is not too much important since the ultimate goal is to use it. By using it you need to sore it and since it is on a device it may not be the perfect way to store it on a device. Since electronic devices can break which will leave you with quite some money loss.