Quote from: Gens09 on April 26, 2018, 11:49:29 PM

Quote from: burakdat on April 16, 2018, 06:40:28 AM

So far there are many concerns regarding on bitcoin advantage. I have read a lot of it here in our forum. Thus really make sense why should we invest in bitcoin? Well i know that you can add up more when comes to the advantage of investing bitcoin from the other members as well. In fact i get a lot of idea from them from reading and reading from their post. Thus includes bitcoin as a form of savings highlights the best idea on investing bitcoin which could be later use as for emergency needs also. So how it will work? Well i have some extra money from my salary so instead of putting it to my piggy bank i will invest it here in cryptocurrency though it is not that big yet it could be consider as savings. From time to time as other members done like holding and selling it in the right time will do also. So it will be savings plus profit and that could also be use for emergency needs and easier to get or convert it to money for emergency uses unlike lending money from banks that will cater 2-3days process before you get your money. So this is the best idea i guess. How about you?Could you consider this thoughts?

You are not aware when and where emergency will happen so better to have a budget for some emergency and budget for bitcoin. The emergency money is stable and those budget for bitcoin you can use it for some saving. The value of bitcoin is volatile, you cannot determine when the value falls or when it rise up.

I agree that bitcoin is an earning savings and will really help you in times of need but not really an emergency fund since we cannot just encashed it to fiat money right away. It will take time and good internet access to do so. Better allocate physical money or any cash equivalents for emergency purposes.