Author

Topic: Is it better to save money or invest it? - page 316. (Read 1181228 times)

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 23, 2016, 12:33:55 PM

This is a good thought mate.. investing money doesn't really take overnight.. sometimes it may take days or years before you can make a profit out from it. People like me who is not that rich also not taking too much risks when it comes to investing just want to make at least a little money to make savings.

Exactly. There is no such thing as a get rich quick scheme. Which is why, whenever you see an investment site that claims high yields per year, you should proceed with caution and if considering to invest into it, try to do so with the minimum amount possible in order to reduce to risk of loss. That being said, the best way to invest, is by purchasing Gold or any other rare commodity or asset, as usually scarcity is what makes something very valuable in the long term, and you would've made ROI whenever you decide to sell it sometime in the future.

Now, if taking the path to save, you can always take 5 to 10% of your earnings and put it on Bitcoin or a savings account in a bank in order to have to funds stored safely, in case something unexpected happens in the future. Just my opinion.  Grin
hero member
Activity: 2870
Merit: 594
November 23, 2016, 12:33:04 PM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business


All the predictions is just based on assumptions which might not be achievable as we have several predictions like that in the past concerning crytos and the end, they fail to live up to expectations and every investments down the drain.Who will be responsible for that. From my own point I think the decision should be made on an individual perception and nothing else and also invest only money you wont be needing in short-term and keep some in the main time...
With the bitfinex hack, bitcoin has lost some value for a while, but since the 500-600 dollars, people who had bought on those period and invested their fiat into bitcoin were able to make alreasy easy money, im not saying that this will keep happening with bitcoin, but the projections are bitcoin at 1000 dollars at 2020 next halving event.

I think the bitcoin has already recovered from the Bitfinex hack. Before the hack, the price was about $620. Now it is $750.
legendary
Activity: 1638
Merit: 1046
November 23, 2016, 12:32:43 PM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business


All the predictions is just based on assumptions which might not be achievable as we have several predictions like that in the past concerning crytos and the end, they fail to live up to expectations and every investments down the drain.Who will be responsible for that. From my own point I think the decision should be made on an individual perception and nothing else and also invest only money you wont be needing in short-term and keep some in the main time...
With the bitfinex hack, bitcoin has lost some value for a while, but since the 500-600 dollars, people who had bought on those period and invested their fiat into bitcoin were able to make alreasy easy money, im not saying that this will keep happening with bitcoin, but the projections are bitcoin at 1000 dollars at 2020 next halving event.
I think this coming year the price will touch in 1k value because 2020 is too long because we are seen many news right now like in paris that adding 20 stores that accepting bitcoin means more attraction more people will invest in bitcoin if they if what is the price of bitcoin before and bitcoin is keep increase more people and more investors will come so this coming year we will experience to touch in 1k value this is what i speculation but there is no assurance but if you hear like the news in paris that can be happen also in other country we will touch in 1k value..
hero member
Activity: 756
Merit: 501
November 23, 2016, 12:25:02 PM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business


All the predictions is just based on assumptions which might not be achievable as we have several predictions like that in the past concerning crytos and the end, they fail to live up to expectations and every investments down the drain.Who will be responsible for that. From my own point I think the decision should be made on an individual perception and nothing else and also invest only money you wont be needing in short-term and keep some in the main time...
With the bitfinex hack, bitcoin has lost some value for a while, but since the 500-600 dollars, people who had bought on those period and invested their fiat into bitcoin were able to make alreasy easy money, im not saying that this will keep happening with bitcoin, but the projections are bitcoin at 1000 dollars at 2020 next halving event.
hero member
Activity: 798
Merit: 503
November 23, 2016, 11:40:07 AM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business


All the predictions is just based on assumptions which might not be achievable as we have several predictions like that in the past concerning crytos and the end, they fail to live up to expectations and every investments down the drain.Who will be responsible for that. From my own point I think the decision should be made on an individual perception and nothing else and also invest only money you wont be needing in short-term and keep some in the main time...
sr. member
Activity: 672
Merit: 250
November 23, 2016, 11:34:42 AM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business

Maybe OP is not asking the question just about bitcoin that should we invest bitcoins or just save them, but he is just asking about money which can be in any form, so investing is not the thing someone should focus on, though investing on good plans is something good which gives you a chance to do some savings as well but it does not happen all the times, so someone should be careful always.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 23, 2016, 10:39:39 AM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business

Perhaps, I should reconsider my objections regarding banning users

Since the users giving such advices should get banned right on the spot. There is absolutely no guarantee that Bitcoin will still exist in, say, five years, and you suggest folks to invest all their money (well, most of their money) into Bitcoin. Are you crazy or what? Just in case, have you already invested all your lifetime savings, provided you had any in the first place?
legendary
Activity: 1218
Merit: 1000
November 23, 2016, 10:32:43 AM
This time is perfect to invest all the money, or most of the money you have in the form of bitcoin. Well, many people are predicting that the price increase at the end of the year bitcoin so is high, so it might be very good if you invest the money you have into bitcoin. I'm sure it will make a profit, and if that does not happen, then you may have to play trading to refund the money you have or build another business
hero member
Activity: 644
Merit: 500
November 23, 2016, 08:36:11 AM
One of the most basic principles of financial management is to put aside a small portion of income away as savings.

It may seem like the rich just seem to splash their wealth carelessly but those who built their wealth are usually thrifty and don't put all their eggs in one investment.

Definitely agree with you mate. Those who don't have good capital, take necessary precautions by minimizing risks among different investments, while the wealthy people usually put their money on one investment because they don't have nothing to lose.

As for good management of your finances, try to spend less than what you earn, and always look for ways to increase your income, in order to have a well established capital and be able to have control over your financial life for years to come. Just my opinion.  Grin

This is a good thought mate.. investing money doesn't really take overnight.. sometimes it may take days or years before you can make a profit out from it. People like me who is not that rich also not taking too much risks when it comes to investing just want to make at least a little money to make savings.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 22, 2016, 06:56:02 PM
One of the most basic principles of financial management is to put aside a small portion of income away as savings.

It may seem like the rich just seem to splash their wealth carelessly but those who built their wealth are usually thrifty and don't put all their eggs in one investment.

Definitely agree with you mate. Those who don't have good capital, take necessary precautions by minimizing risks among different investments, while the wealthy people usually put their money on one investment because they don't have nothing to lose.

As for good management of your finances, try to spend less than what you earn, and always look for ways to increase your income, in order to have a well established capital and be able to have control over your financial life for years to come. Just my opinion.  Grin
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 22, 2016, 04:54:52 PM
Is it better to save money in bank or invest it online, in real estate or maybe gold?

Investing is really worth a try especially if your hoping for a better comeback of your money. But it take also some guts due to some investing sites having hidden agendas better research some of the most trusted btc investing site and try even the small amount and if you got happy with the outcome tries it more often. Just dont put alot in one investing site tried to portion it in othesr sites. And better still left something for you. Once again investing is a lose or gain ting too.
This is why it is always recommended to diversify your investments at all times that way even if one of your investments go bust you will not lose most of your money.
Smart investor should already know how to manage their funds, diversification is the key not to succeed but to minimize the risk.
Well, maximizing your profits while minimizing your risks is a way to guarantee your success, and diversification is a way to do do that, it is not the most exciting thing to do but it works wonders.
newbie
Activity: 27
Merit: 0
November 22, 2016, 02:56:36 AM
At crypto world we always want two things, more bitcoins and bigger value, with that said, we sometimes does invest trying to achieve both requests, sometimes we do loose in the road, savings for me has showed last halving it would be better hold my coins instead risk them, but this is up at each one.
Talking about crypto world, it's more on a investment on me, it's not savings because the word savings happens only in the bank and there's no risk on that. Here, it's full of risk but the reward is great..

I wouldn't be so certain on that

We already witnessed how clients money had been openly stolen by a rogue government in 2013 (that event got appropriately dubbed later as a Cyprus hair-cut). So even if you completely discard from consideration inflation which slowly but surely eats away the value of your money held in a bank account with some miserable interest, I guess there is hardly any reason to consider bank deposits as a no-risk investment, whatever you might mean by this

"rogue government in 2013 (that event got appropriately dubbed later as a Cyprus hair-cut)", that was when the bitcoin price rose 10 folds in a few weeks.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 21, 2016, 01:55:21 PM
At crypto world we always want two things, more bitcoins and bigger value, with that said, we sometimes does invest trying to achieve both requests, sometimes we do loose in the road, savings for me has showed last halving it would be better hold my coins instead risk them, but this is up at each one.
Talking about crypto world, it's more on a investment on me, it's not savings because the word savings happens only in the bank and there's no risk on that. Here, it's full of risk but the reward is great..

I wouldn't be so certain on that

We already witnessed how clients money had been openly stolen by a rogue government in 2013 (that event got appropriately dubbed later as a Cyprus hair-cut). So even if you completely discard inflation from consideration, which slowly but surely eats away the value of your money when you held it in a bank account at some miserable interest, I guess there is hardly any reason to consider bank deposits as a no-risk investment, whatever you might mean by this
hero member
Activity: 1414
Merit: 505
Backed.Finance
November 21, 2016, 09:49:39 AM
The salary or wage you get from your job should pay your responsibilities first. Paying for you electricity bills, water bills, internet bills, credit card bills, etc. It should be the one taken care of. Then to the money that's left, (hoping there are still some left) get a portion of it as savings. Never touch your savings unless it's an emergency or a sure way to earn (but if you decide to invest make sure there are still some left incase of emergencies). It's all about responsibilities first.

If that is your formula it is quite satisfactory but mostly if you want really to save, from your salary earnings subtract first your savings. Then after you get your savings, make a budget on the remaining balance.In that way, your savings is secured and ca not be touch.
sr. member
Activity: 644
Merit: 250
November 21, 2016, 09:32:13 AM
For me is better always to reserve our money and save it for the future and i will keep my money away from gambling or investment i will do trading even i lose some bit because in trading you can wait till the price of the bitcoin or alternative  will increase again and this is good in trading you don't need to lose.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
November 21, 2016, 09:16:27 AM
I like this one. Saving is really important to us, everyone should do that because we will never know what will happen to our future and we don't know how long our business can operate. So you are right in case of emergency we can have our money immediately from our savings. No one will take of care it but only yourself.

There are a lot of apps that can help you on your savings or budgeting for example mint budgeting, PocketGuard budget app, GoodBudget, Mvelopes, and others. I think it's always a help to budget and control your money where it's going. Control your wants and attend to your needs every time because it's you who will act on it. It's always gonna be you. Excellent budgeting app that you can share to your friends and family can help you a lot.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
November 21, 2016, 08:56:12 AM
At crypto world we always want two things, more bitcoins and bigger value, with that said, we sometimes does invest trying to achieve both requests, sometimes we do loose in the road, savings for me has showed last halving it would be better hold my coins instead risk them, but this is up at each one.
Talking about crypto world, it's more on a investment on me, it's not savings because the word savings happens only in the bank and there's no risk on that. Here, it's full of risk but the reward is great..

I'm treating crypto's are both type, doing the same thing for just doing one thing. Just like in bitcoin, if you want to hold bitcoins then you are already saving. And upon saving bitcoins, you are totally doing an investment with bitcoin so upon waiting for the price increase, the profit you may get will be predicted by the price fluctuation.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 21, 2016, 07:57:29 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?
If I were in your place, I would prefer to invest my money in real estate and online. As population continuously expanding, the demand in the facility to provide for many families also increase. Real estate is best choice to invest your money. My second choice is to invest my money online. Yet there are too many scam investing sites, there are still legit. Investing online is too risky as far as we know. Yet, if we would examine where or what happen in our investment, it would help us to find a legit one. Would ensure an instant profit without alot of efforts.
We can recommend those who are proven to be a profitable investment but in the end of the day it depends on the investor because he got the money and he will know how far he can take the risk in investing. Real state are proven to be profitable, but requires a good capital.
sr. member
Activity: 672
Merit: 250
November 21, 2016, 07:42:35 AM
Is it better to save money in bank or invest it online, in real estate or maybe gold?
If I were in your place, I would prefer to invest my money in real estate and online. As population continuously expanding, the demand in the facility to provide for many families also increase. Real estate is best choice to invest your money. My second choice is to invest my money online. Yet there are too many scam investing sites, there are still legit. Investing online is too risky as far as we know. Yet, if we would examine where or what happen in our investment, it would help us to find a legit one. Would ensure an instant profit without alot of efforts.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
November 21, 2016, 07:27:51 AM
At crypto world we always want two things, more bitcoins and bigger value, with that said, we sometimes does invest trying to achieve both requests, sometimes we do loose in the road, savings for me has showed last halving it would be better hold my coins instead risk them, but this is up at each one.
Talking about crypto world, it's more on a investment on me, it's not savings because the word savings happens only in the bank and there's no risk on that. Here, it's full of risk but the reward is great..
Jump to: