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Topic: Is it better to save money or invest it? - page 317. (Read 1181228 times)

hero member
Activity: 756
Merit: 501
November 21, 2016, 07:20:14 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.
hero member
Activity: 1148
Merit: 504
November 21, 2016, 04:48:58 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.

You are right. the secret of all of it is proper handling or management of your finances. Everyone can have a good job and earn a lot of money thru investments, but if you cannot handle your finances, you will blow out all your money on parties and unnecessary expenses. So you invest your money to earn more money, but you keep what you earn by saving a part of them.
hero member
Activity: 952
Merit: 500
November 21, 2016, 01:30:08 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.
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.
It's important because if you do not have saving your future is not safe, we need to consider our future also because we are here to earn now but we are also spending big which would lead us to become failure in life. Without savings we do not have the opportunity to invest, remember we are aging and our body is depreciating therefore we need some good retirement amount.
hero member
Activity: 2464
Merit: 594
November 20, 2016, 09:49:15 PM
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.
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.
copper member
Activity: 2940
Merit: 1280
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November 20, 2016, 08:31:16 PM
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.
hero member
Activity: 504
Merit: 500
November 20, 2016, 06:20:29 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.
yeah agree with you. if you're very eager to get more income by continuing to invest, it is not a problem, but my advice do not forget to save, save some crops, it will help to raise more money
legendary
Activity: 2968
Merit: 3684
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November 20, 2016, 05:48:26 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.
hero member
Activity: 3024
Merit: 680
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November 20, 2016, 10:33:38 AM
The risk is given in bitcoin but by doing both investing and saving of bitcoins it won't assure you to give profit but it depends on how you will take the risk. And you will not learn and earn if you will not take a risk. Remember that all types of investments does have risk in it and as well as saving is also risk because of the inflation.
Absolutely right, I got you man. We need to try it for ourselves so we will know if that's best for us. No investment is risky. I have learned from doing it so this past few days, once you've failed from them all you need to do is to accept, move on and of course take the learning.

I like your attitude for accepting failure and that will make you to be a good investor,trader and saver. That is what all those three need to become successful with it. And all of the people who are dealing with those careers whether it is saving or investing are experiencing failure mostly in the beginning for newbies. But it won't stop there because you will need to endure it in the long run.
Failure is a part of experiences. We will not know the result if we don't try it in ourselves. Some people tend to grab things disregarding the advice of the people surrounds him/her, let themselves learn from their own understandings.
All the same, there are a lot of sense in maintaining bitcoin and also in its investments. If you can increase the amount of bitcoin, you should try to do it by any means, but without risk to the existing state.

There is always a chance that someone is able to make their quantity of bitcoins to increase. And that is given there might be failure and downs but if you will become wiser with your investments and you are just able to invest small amount at those first investments and if you are able to learn a lot from it, that might help.
legendary
Activity: 3514
Merit: 1280
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November 20, 2016, 10:15:19 AM
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.

Whoever says that may not have a clue about true diversification

Smart investors use diversification not to minimize their risks but to have higher chances of getting more profits. The best way to minimize risks is not to diversify your investments, as many seem to erroneously think, but to stay away altogether from the assets which you think may incur substantial losses or fail completely. Diversification for the sake of minimizing risks is just reconciling yourself with the fact that you don't know a fuck about the assets you hold. I'm with Warren Buffett on this

If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4

Or you can lose all your money. As simple as it gets
hero member
Activity: 756
Merit: 501
November 20, 2016, 09:57:24 AM
I think investing is the best choice. if we just save the money we will not get the advantage in quick time period. while investing as trading we can benefit quickly. it is the law of investing in this world.
From my own experience investement might be a great opportunity to grow our coins, but we do expose them into some risky level, accordingly the way we do invest, trading, gambling, forex, bankrolls. I had invested my coins into some project that allowed me to roi, but i could had got 50% more if i had holded my coins, soo i do regret had invested before the halving, outside those period sure its an advantage make investment but on the year of the halving isnt such.
legendary
Activity: 1596
Merit: 1011
November 20, 2016, 07:29:10 AM
I think investing is the best choice. if we just save the money we will not get the advantage in quick time period. while investing as trading we can benefit quickly. it is the law of investing in this world.
hero member
Activity: 952
Merit: 500
November 20, 2016, 07:26:42 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
For some reason it seems that the best way to invest money, it's not the Internet resources, and real estate. It is the best investment to date.
Well if you are young anx have all the time in the world, you can take a lot of risks because even if you fail, you can still make up for it. If you are the type who takes a lot of risks, at least learn to diversify and be flexible with what you invest on. Take also time to research and choose what you think best suits you.
That's right, therefore it's good for a young person now to learn how to risk and instead of going into parties and hang out with friends why now spend time with bitcoin and learn on how the system works to determine your chances to profit, there's a lot of opportunity here so it's just good to trust our future here.
hero member
Activity: 714
Merit: 500
November 20, 2016, 06:01:51 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
For some reason it seems that the best way to invest money, it's not the Internet resources, and real estate. It is the best investment to date.
Well if you are young anx have all the time in the world, you can take a lot of risks because even if you fail, you can still make up for it. If you are the type who takes a lot of risks, at least learn to diversify and be flexible with what you invest on. Take also time to research and choose what you think best suits you.
hero member
Activity: 756
Merit: 500
November 20, 2016, 05:56:52 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
For some reason it seems that the best way to invest money, it's not the Internet resources, and real estate. It is the best investment to date.

Though investing in internet is a good thing too as now a days we can see some great potential investments on internet and bitcoin is one of them, but still if we know we have a capital that can be used to start a good enough business in physical world then we surely don't need to bring them on internet.
hero member
Activity: 1302
Merit: 540
November 20, 2016, 05:14:22 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
that's right you are just letting the bank to be more richer instead of placing your moeny to their hands better yet to plan for your own you will never be rich in your day job alone and with your savings be wise and start to look for good investment to join or to start a business small at the start but always look for bigger scene in the future.
full member
Activity: 195
Merit: 100
November 20, 2016, 05:05:29 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
For some reason it seems that the best way to invest money, it's not the Internet resources, and real estate. It is the best investment to date.
newbie
Activity: 11
Merit: 0
November 20, 2016, 03:34:04 AM
If you save money on your bank account after a year you'll get .25% of your savings but if you invest it or start a business after a year you can double your money sometimes not only double sometimes x3 or x4. Take risk. Do what makes you happy. If you win you'll be happy but if you lose you'll be wise.
hero member
Activity: 532
Merit: 500
November 20, 2016, 03:12:27 AM
I think saving your money in bitcoin is an investment and if you save you money in bank is also investment and if you are planning to save then you are planning to invest too in short saving and investment is the same.

For me. I didn't consider my deposit on bank as investment. My main objective is just to save when i deposit and not to have a profit. The interest ia very minimal so it is not considerable as an investment. Investment is putting tour money in line with the presence of riak on losing it. In short it involves gambling. So there is a little bit difference between the two.
to me if you put your money in bitcoin then there you can get double benefit, first your money will be too much safe and additionally it  will also give you additional profit it the price goes up. you can also get good chance to investing your money in a good potential alt coins.

Though investing in bitcoin is profitable but it is still not considered the best investment strategy as if the price can go higher then it can also come down at any point, so if you just invest them in bitcoin and sit by thinking that it will grow itself it would not be the best idea, you should still do some investments after converting your money to bitcoin, suppose you trade alt coins or you invest your bitcoins by partnering with some website owner etc.
but i think every type of investment is risky there is not a single type of invest which is risk free, and if you really want to earn money you must take the risk otherwise you cannot make money without investing your bitcoin in any business or in altcoin.
full member
Activity: 185
Merit: 100
November 20, 2016, 03:02:24 AM
We must understand the real prospects of conservation on bitcoin wallets, but also the fact that the profits should also go to live. Therefore, as already many said that the best way to dispose of bitcoin is divided into different parts and just invest. The fact that the main search for the correct choice.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
November 19, 2016, 08:27:53 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.
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