Post
Topic
Board Bitcoin Discussion
Re: Saving bitcoins
by
stergium
on 16/03/2017, 21:42:20 UTC
Bitcoin is hardly to be saved in a bank accept it is exchanged in a local currency of the land. This means that you must exchange bitcoin to the value of the local currency before you can make a deposit in the bank. i think bitcoin is mainly installed in the bitcoin wallet.

Yes it's up to you as you can save bitcoin  into bitcoin wallets like blockchain or coinbase i would suggest coinbase which is much simple and easy to use then once you have enough bitcoin then exchange it for your local currency from a trader at localbitcoin.com.

Hey great, even I am using coinbase wallet. Its seems to be good and as a security reason its not accepting VPN. Even I just created a account in Localbitcoins.com and I noticed when we transferred to this trading site wallet then its get logging in when we save the user and passkey. Please check and use both according to your convenience.

Yes even i am using this coinbase wallet i used to have blockchain earlier which was equally good but when it comes to convenience and user friendliness then coinbase is the best wallet and it does not accept VPN which proves that while begin user friendly and simple it's secure as well and for desktop Electrum is best.

Yeah even I am using electrum wallet since long time and it has great security features which keeps your bitcoins intact and would be impossible for an hacker to stole your bitcoins and whenever I want to sell my bitcoins I transfer that amount to my localbitcoins wallet where I can sell them online and transfer the fiat currency directly to my bank account in the fastest way possible.


Yes electrum wallet is the best option and it has the best security features, regarding to the saving of bitcoin i think it is best idea to save btc, if we just look at the way it has progressed from some day so we must for some more days so that price goes much higher so that we can utilize it later,
saving is a good option but along with that we have to make sure we invest at the right things to get the best benefit of our btc.

If you don't find any legit place to invest your bitcoins then best choice would be to save them in wallet and wait for the price to go higher as keeping money in bitcoins is saving and also a investment at a same time and saving money in bitcoins will grow your money even if you don't do anything with it and it will give best outcome in compare to saving money in banks.

Whatever is said, the best thing to do as of now at least is to keep calm and save btc. Not only comparing to the bank, including all the part of investment the best investment path is in btc. just look at the profit which we get from it. whether you gamble or whatever you do make sure to keep the btc saved for the future.

Gambling will waste your money so it will be ideal not to visit those places where we have fear of loosing money and the best thing to do with bitcoins at a moment is simply keep them safe in wallet and watch the market and when it goes higher would be the best time to sell them.
although some people have good opportunity of making money from gambling and they even depending on bitcoin for live, but still majority of peole  are not making money from gamblng.