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Bitcoin savings

  • Thread starter Thread starter ahmedo24
  • Start date Start date
I think that the Bitcoin project is one that is going to stick around for a very long time. If you are looking for a good and reliable store of value then there is nothing wrong investing in Bitcoin
 
I might be able to concretely say I'm saving some bitcoins for my child now because I have now thought of holding Bitcoin for that long. But it is a good thought for one to have though
 
I would definitely open crypto currency wallet for my children because it will be a form of investment that putting the money in the bank where it would yield little or no interest, that is if crypto still exists though
 
Bitcoin is now like share of years ago that parents will by shares for there children in expectation that when they grow matured and need the money they price would have skyrocket up. Likewise bitcoin and other coin. There is no certain amount to save. We can just be saving any amount maybe daily weekly or any time.
 
If you are looking for a way that you will have a store of value for your children then I think there is nothing wrong in investing in Bitcoin because it has proven to be.
 
I can get as much as 9 percent interest rate if I choose to save my money in a fixed deposit bank accounts. For example, if I save $100 in a fixed deposit bank account, I can get $109 in one year. However, Bitcoin will earn me much more than that.
 
Nomad said:
I can get as much as 9 percent interest rate if I choose to save my money in a fixed deposit bank accounts. For example, if I save $100 in a fixed deposit bank account, I can get $109 in one year. However, Bitcoin will earn me much more than that.
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Exactly. Saving through the Fiat Currency is something that is very poor in terms of return on investment. Earning $9 interest in a year is very poor. Cryptocurrency can give 100% return in a day
 
I do not think that it is wise to save your funds in Bitcoin wallet because Bitcoin wallet is not like a bank account, as far as I know. The value of bitcoin might fluctuate and you may lose money at any time.
 
It makes sense to save in bitcoin or other top-performing crypt currencies. In fact, it is better than saving in banks because the interest rate offered by the banks is very small compared to the price growth
 
ahmedo24 said:
Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?
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I have actually thought of this,but my spending habit is a big limitation,I also have this fear that Bitcoin may not rise and if opposite happens I am at the loosed end.
 
07Trinity said:
I have actually thought of this,but my spending habit is a big limitation,I also have this fear that Bitcoin may not rise and if opposite happens I am at the loosed end.
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if your updated about the activities around cryptocurrency and bitcoin you will be convinced that they will definitely rise what you just need to be patient to be able to make out significant profit from it, not with standing you shouldn't put all your investment in one coin.
 
When I knew about bitcoin, I never though it would become so big. Even if I had predicted correctly, I could have never been able to save bitcoin as it is illegal in my home county.
 
Buying and keeping or saving bitcoin crytocurrency and save it for certain period of time will bring multiple profit though it might come down but when exercise patient, it will surely rise up back
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Buying and keeping or saving bitcoin crytocurrency and save it for certain period of time will bring multiple profit though it might come down but when exercise patient, it will surely rise up back
 
It could be of any amount you can afford to lose ,but i would have advised you to hold different coin and don't basically depend on only one coin ,so that even if the price of a coin don't rise the other would rise
 
Thinker009 said:
It could be of any amount you can afford to lose ,but i would have advised you to hold different coin and don't basically depend on only one coin ,so that even if the price of a coin don't rise the other would rise
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Good idea, which coin do you think would be best to invest in right now? And is there like I site I can find out latest news on the right coin to invest in at a particular time?
 
In this era, I will love to save Bitcoin for my children because the future is bright. The future might later turn to crypto world in which all the transactions will pass through it.
 
ahmedo24 said:
Bitcoin and most Crypto currencies are gaining popularity on daily basis and growing fast. Parents open savings account for their children for their benefits when they are grown. In the current Crypto currency trend if you are a parent will open a wallet and save some bitcoin for your child and like how much?
Click to expand...
As a parent, I would open a savings account for my child. Just like we do with fiat currency we can also do that with a crypto wallet. However, I would be skeptical about using Bitcoin as the currency. Perhaps another potential coin or even dollar tokens.
 
With the current trend of cryptocurrency, I'll definitely open one wallet for my kids each to ensure that I secure their future for them.
I see this crypto move being on for almost the entirety of this decade and I don't want to regret.
 
Keibah said:
As a parent, I would open a savings account for my child. Just like we do with fiat currency we can also do that with a crypto wallet. However, I would be skeptical about using Bitcoin as the currency. Perhaps another potential coin or even dollar tokens.
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Can you please tell us why you will not be willing to use Bitcoin and if you are to use another potential coin outside US dollar which coin will you use.
 
Saving coin for your children will be a great this to help the children during a shambles time, but with the price of Bitcoin I don't think if it is wise to invest in bitcoins.
 
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