Post
Topic
Board Bitcoin Discussion
Re: Saving bitcoins
by
DoublerHunter
on 01/06/2017, 10:48:12 UTC
If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Its sad to say but there are no bitcoin banks existing online. If you want to earn then just hold your bitcoins in your wallet and wait for an inflation. That way you will get more profit out of your investment. The only way to  save in banks is to convert your bitcoin into fiat currency and then deposit it on banks. But holding bitcoin is much profitable than savings on bank.
Saving bitcoin is a good idea to all bitcoin users. Saving bitcoin will help you and your family to sustain all your need in the future because bitcoin has a price of money that you can buy all the things that you want.Im glad if there’s a bank accept bitcoin as deposit of their costumer.
Saving and playing the market is good for anyone that things they can do such a thing, otherwise investing it so it can grow on top of the principal is a good thing for those who have the means to do so. I don't know if Bitcoin is going to be able to make everything easy in the future for families but I guess if you live in the right areas it would.

If I had the means, I would also now buy bitcoins in order to store them. I see the bitocco potential and therefore I'm not afraid to invest all my money in bitcoin today
Do not be greedy and discipline yourself, investing all your money today is a risky decision because the price is high and it is good if you just invest up to the maximum of 50% of all your money because in that range you are safe from having a bankruptcy in the future and you will not be ending up blaming yourself from that decision because the coin that you are choose to all in is very volatile to its price.