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Bitcoin savings

  • Thread starter Thread starter ahmedo24
  • Start date Start date
Immilash said:
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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You have a point there but you could be disappointed, imagine saving on Bitcoin or a particular coin for years and when it's time to make use of it for an urgent reason, there is currently a dip at that moment, it would be all for waste. I think if you plan on saving, it would be best to save on a stable coin unless you just want to invest.
 
Bitcoin saving. To save a bitcoin is to trade bitcoin by funding your wallet account. This can be done when signing up cryptocurrencies platform like luno or binance.
 
Saving money in bitcoins can be good if you are financially capable or holding your investment for a long time, however, if you cannot hold your bitcoin saving you might end up making a loss as you may have to sell during the dip
 
eLdavis said:
You have a point there but you could be disappointed, imagine saving on Bitcoin or a particular coin for years and when it's time to make use of it for an urgent reason, there is currently a dip at that moment, it would be all for waste. I think if you plan on saving, it would be best to save on a stable coin unless you just want to invest.
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I agree with you. You also have a point on this I understand where you are heading to, no body wants to waste his or her Time on something that has no profits.
 
Bitcoin savings are essential for an individual's development; cryptocurrency is the most popular form of investment; you invest and profit when the price rises, and Bitcoin is a valuable asset for everybody who uses it.
 
I am presently not saving any money for any chance because I do not have one but then I am currently saving money in Bitcoin because of some projects that I will like to accomplish in the near future.
 
Saving cryptocurrency like Bitcoin for my children is a thought that I have never entertained before but now that you have mentioned it, I think it will be a great idea to save cryptocurrency for my children. I will utilise bitcoin mostly because Bitcoin is the most popular cryptocurrency right now and I know that before other cryptocurrencies will appreciate, the Bitcoin must have gotten very high, so I will most likely invest with Bitcoin for my children.
 
I don't really see the need now because it is not necessary to me ,I'd rather save all the money in one cryptocurrency as a whole, I can only be able to do this if they have extra money to be investing on their own but in general if they do not have anything to invest then all money goes into a single wallet of the family
 
If you are just a beginner or new investor in cryptocurrencies, I will advise you to save Bitcoin but if you are an old investor who has already invest on cryptocurrencies most especially Bitcoin. I will advise you to sell your coins because of the dropping nature.
 
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