Author Topic: Should I consider bitcoin as a means to store money, how much can I lose?  (Read 5372 times)

0 Members and 1 Guest are viewing this topic.

Offline greenace92Topic starter

  • Newbie
  • Joined: Jul 2015
  • Posts: 1
  • Karma: +0/-0
    • View Profile

your ads here
I'm looking for ways to store money, and potentially grow money. By store I mean "hide" so to speak.
Although I have heard of people being held for their keys and I'm not really under any legal problems at the moment.
I'd like to save without a bank.

Anyway, this plummet of Bitcoin (although over the course of year(s)) has me concerned.

On average, what is the volatility of a bitcoin?
If I bought one today for $257.69, would it be worth $257.69 in a week, what about four weeks, a month?

Based on your experience, what sort of margin should I expect to bounce up and down by?

How about turning dollars into bitcoins and vice versa? How easy is it to do that?

I'd appreciate any information you'd have on the matter.

While I could just withdraw cash and stash it somewhere, I don't like that idea, encryption sounds better, although a physical device that can be stolen with the added volatility, perhaps that is not any better than cash.

What about the Greek situation and if in the future this happens to the US, dollars would be worthless and maybe I could be safe transitioning to another country with Bitcoins and then convert to their currency.

Anyway, thanks for any help

 

twitter.com: @Gavin: Only invest time/money into Bitcoin you can afford to lose.

Started by bitcoinforum.com

Replies: 1
Views: 4916
Last post March 06, 2013, 07:17:38 PM
by iBits
Easiest method, least steps to sending money to bitcoin address?

Started by ekarleke

Replies: 1
Views: 5205
Last post May 23, 2013, 04:39:37 AM
by john smarty
Why I believe Bitcoin if the future of money - Essay Contest. Bitcoin prizes.

Started by mczarnek

Replies: 0
Views: 3800
Last post November 16, 2013, 06:24:10 PM
by mczarnek
Cartoon: I'm thinking of putting some money into Bitcoin

Started by bitcoinforum.com

Replies: 0
Views: 2785
Last post January 26, 2014, 09:42:58 PM
by bitcoinforum.com
Bitcoin Stealer - Now Make Thousand Of Money Easily {HOT} {TESTED}

Started by coinhunterz

Replies: 0
Views: 3414
Last post February 15, 2014, 09:37:54 AM
by coinhunterz