Is it better to save money or invest it? - page 523.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: stromma44 on April 17, 2016, 04:27:49 PM

Saving and investing in bitcoin is the best thing to do at a moment, as it take cares of our savings and it can be the best investment for future if price goes higher.

Saving could become form of investment with lower risk, If your save your bitcoin in cold storage & wait the price rise up
Investing need more efforts, usually the risk is higher than the return, hacker or bad people could destroy your investment

cazkooo

legendary

Activity: 1540

Merit: 1013

Quote from: DeDordtenaar on April 18, 2016, 01:33:09 AM

you will not get any interest while saving money on bitcoin wallet unless you're storing in the bank. but the interest are very small. and you only get it for a year. I prefer investing rather than rely on a small interest

As far as im aware of there isnt such things as bitcoin bank so if you are thinking of getting interest through banks by saving your bitcoin then that would be a very lame thinking. People are into bitcoin because you can keep your money safe in form of bitcoin without relying on 3rd party to secure it for you

DeDordtenaar

hero member

Activity: 518

Merit: 500

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

you will not get any interest while saving money on bitcoin wallet unless you're storing in the bank. but the interest are very small. and you only get it for a year. I prefer investing rather than rely on a small interest

vero

hero member

Activity: 518

Merit: 500

Quote from: umaOuma on April 17, 2016, 05:36:14 PM

Quote from: malzahar on April 17, 2016, 04:44:42 PM

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

Theres no doubt the question of saving, but the real untold question should be is where?

Where do we put a sizeable amount so we can continue buying bitcoins at a steady pace..its hard to find a secure good investment.

Investing money is always an best of all, no doubt all investments goes with risk but saving will not pay you higher in future as you also need to keep inflation rate in mind.

but don't think investment is the best of all things because masi much you can do in real life such as working something hasn't have a high risk.

uncaer9

sr. member

Activity: 413

Merit: 250

Quote from: bamboylee on April 17, 2016, 08:36:42 PM

Quote from: Ulloa on April 17, 2016, 11:00:18 AM

Well even then you can decide to lock away some money in your socks and when the amount is substantial bring it to the bank.
In the end it is about money control.

I wish it was that easy, the problem is they do not have enough money to have a spare to save for the future. Every thing they have is spent on daily expense, nothing left. And not everyone has net so they can work on sig campaigns. Before saving or investing, I think securing a regular incomencomes.first.

if the money is not enough to spare it, to save or invest, better to use sidejob like sign campaign, or other, and use salary from sidejob for future reference .
i save all my salary from sign campaign at paper wallet. you can see my bitcoin address ( 12345HotmWEPbRDcLCwkNN2ZWFXAhTCMB2 ) , it's small amount but if i can do it for 10years im sure i can reach 10btc

angryrob

sr. member

Activity: 287

Merit: 250

Quote from: Hellacopter on April 17, 2016, 10:41:10 AM

Quote from: bob123 on April 17, 2016, 09:17:09 AM

Saving money at bank is a bad idea due to the inflation.

Either invest in bitcoin or for example a company.

Yes if you are talking about fiat and cash, saving the money at bank couldn't being a good idea.
But if you can convert it into bitcoins and hold it till the next halving at least that's could being profitable.

That's good banks are providing only 8% to 10% yearly and there are many difficult but If you are investing your money in bitcoin then it will give you more than profit soon because its price is always going down or rising up than time you can buy and sell.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: Ulloa on April 17, 2016, 11:00:18 AM

Well even then you can decide to lock away some money in your socks and when the amount is substantial bring it to the bank.
In the end it is about money control.

I wish it was that easy, the problem is they do not have enough money to have a spare to save for the future. Every thing they have is spent on daily expense, nothing left. And not everyone has net so they can work on sig campaigns. Before saving or investing, I think securing a regular incomencomes.first.

peta4e

hero member

Activity: 672

Merit: 500

Quote from: richjohn on April 17, 2016, 05:42:29 PM

Quote from: umaOuma on April 17, 2016, 05:36:14 PM

Quote from: malzahar on April 17, 2016, 04:44:42 PM

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

Theres no doubt the question of saving, but the real untold question should be is where?

Where do we put a sizeable amount so we can continue buying bitcoins at a steady pace..its hard to find a secure good investment.

Investing money is always an best of all, no doubt all investments goes with risk but saving will not pay you higher in future as you also need to keep inflation rate in mind.

Investing is also a smart way. You don't need to save and save because you are afraid to lose it all. In able to earn more, you need to ready for the risk and able to learn from it to become more perfect on your next investment.

If you want to earn good profits and become rich in future then investment is the key for success, invest in gold, bitcoin, stock, real estates according to your convenience and capital that you hold.

richjohn

sr. member

Activity: 574

Merit: 255

Quote from: umaOuma on April 17, 2016, 05:36:14 PM

Quote from: malzahar on April 17, 2016, 04:44:42 PM

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

Theres no doubt the question of saving, but the real untold question should be is where?

Where do we put a sizeable amount so we can continue buying bitcoins at a steady pace..its hard to find a secure good investment.

Investing money is always an best of all, no doubt all investments goes with risk but saving will not pay you higher in future as you also need to keep inflation rate in mind.

Investing is also a smart way. You don't need to save and save because you are afraid to lose it all. In able to earn more, you need to ready for the risk and able to learn from it to become more perfect on your next investment.

umaOuma

hero member

Activity: 938

Merit: 1000

Quote from: malzahar on April 17, 2016, 04:44:42 PM

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

Theres no doubt the question of saving, but the real untold question should be is where?

Where do we put a sizeable amount so we can continue buying bitcoins at a steady pace..its hard to find a secure good investment.

Investing money is always an best of all, no doubt all investments goes with risk but saving will not pay you higher in future as you also need to keep inflation rate in mind.

malzahar

full member

Activity: 210

Merit: 100

Quote from: beduku22 on April 17, 2016, 01:00:19 PM

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

Theres no doubt the question of saving, but the real untold question should be is where?

Where do we put a sizeable amount so we can continue buying bitcoins at a steady pace..its hard to find a secure good investment.

stromma44

hero member

Activity: 952

Merit: 1000

Saving and investing in bitcoin is the best thing to do at a moment, as it take cares of our savings and it can be the best investment for future if price goes higher.

voztata

hero member

Activity: 998

Merit: 504

Quote from: bamboylee on April 17, 2016, 10:34:31 AM

Quote from: znickelbackz on April 10, 2016, 12:53:52 PM

Quote from: andycarrol on April 10, 2016, 12:41:27 PM

Quote from: rababo on April 09, 2016, 11:41:01 PM

I do both.
Half of my money goes to investments, and rest of my money is for savings.
This way I feel it's the best for me.

Yes, right. I also do both. but I think the people will do both, because if puts all money in investment its very high risks.

and put all money in saving is not a wise decision. do both is a safe choice that people usually do, but lots of people like to take risk and put all of their money, even loan more to invest.

Not in our country. Not everyone here has a savings account. Mostly they live by what they earn in a day. So, if they have to choose savings or.investment, they'll refuse both. They have to eat first before they even think of saving.

You are right everyone do the same, they first think about their food shelter and clothes etc after that if they have remained some money they think to invest them or save them in their banks.

beduku22

newbie

Activity: 42

Merit: 0

Saving usually put into the safest places or products that allow you access to your money at any time like savings accounts and certificates of deposit. But here you earn very little interest.

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

Quote from: bamboylee on April 17, 2016, 10:34:31 AM

Quote from: znickelbackz on April 10, 2016, 12:53:52 PM

Quote from: andycarrol on April 10, 2016, 12:41:27 PM

Quote from: rababo on April 09, 2016, 11:41:01 PM

I do both.
Half of my money goes to investments, and rest of my money is for savings.
This way I feel it's the best for me.

Yes, right. I also do both. but I think the people will do both, because if puts all money in investment its very high risks.

and put all money in saving is not a wise decision. do both is a safe choice that people usually do, but lots of people like to take risk and put all of their money, even loan more to invest.

Not in our country. Not everyone here has a savings account. Mostly they live by what they earn in a day. So, if they have to choose savings or.investment, they'll refuse both. They have to eat first before they even think of saving.

In most countries the above mentioned scenario can be seen. But this happens to a very limited percentage of the people. This could change eventually towards the use of saving or investment when they get monthly pay rather than daily wages.

extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: bamboylee on April 17, 2016, 10:59:26 AM

Quote from: Hellacopter on April 17, 2016, 10:41:10 AM

Quote from: bob123 on April 17, 2016, 09:17:09 AM

Saving money at bank is a bad idea due to the inflation.

Either invest in bitcoin or for example a company.

Yes if you are talking about fiat and cash, saving the money at bank couldn't being a good idea.
But if you can convert it into bitcoins and hold it till the next halving at least that's could being profitable.

If halving promises holds true, then it is a good way to make your money grow. But if the price stays the same, It could be very hard to make the money grow since the price is not moving that much.

this thing is unpredictable I think. peoples are saying that bitcoin price will reach 1000$ but no one sure about it. and they are only guessing about bitcoin future.. but saving in bitcoin is still better then saving fiat in bank.. it is more secured and safe.

Ulloa

sr. member

Activity: 364

Merit: 250

Quote from: bamboylee on April 17, 2016, 10:34:31 AM

Quote from: znickelbackz on April 10, 2016, 12:53:52 PM

Quote from: andycarrol on April 10, 2016, 12:41:27 PM

Quote from: rababo on April 09, 2016, 11:41:01 PM

I do both.
Half of my money goes to investments, and rest of my money is for savings.
This way I feel it's the best for me.

Yes, right. I also do both. but I think the people will do both, because if puts all money in investment its very high risks.

and put all money in saving is not a wise decision. do both is a safe choice that people usually do, but lots of people like to take risk and put all of their money, even loan more to invest.

Not in our country. Not everyone here has a savings account. Mostly they live by what they earn in a day. So, if they have to choose savings or.investment, they'll refuse both. They have to eat first before they even think of saving.

Well even then you can decide to lock away some money in your socks and when the amount is substantial bring it to the bank.
In the end it is about money control.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: Hellacopter on April 17, 2016, 10:41:10 AM

Quote from: bob123 on April 17, 2016, 09:17:09 AM

Saving money at bank is a bad idea due to the inflation.

Either invest in bitcoin or for example a company.

Yes if you are talking about fiat and cash, saving the money at bank couldn't being a good idea.
But if you can convert it into bitcoins and hold it till the next halving at least that's could being profitable.

If halving promises holds true, then it is a good way to make your money grow. But if the price stays the same, It could be very hard to make the money grow since the price is not moving that much.

Hellacopter

hero member

Activity: 742

Merit: 500

Quote from: bob123 on April 17, 2016, 09:17:09 AM

Saving money at bank is a bad idea due to the inflation.

Either invest in bitcoin or for example a company.

Yes if you are talking about fiat and cash, saving the money at bank couldn't being a good idea.
But if you can convert it into bitcoins and hold it till the next halving at least that's could being profitable.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: znickelbackz on April 10, 2016, 12:53:52 PM

Quote from: andycarrol on April 10, 2016, 12:41:27 PM

Quote from: rababo on April 09, 2016, 11:41:01 PM

I do both.
Half of my money goes to investments, and rest of my money is for savings.
This way I feel it's the best for me.

Yes, right. I also do both. but I think the people will do both, because if puts all money in investment its very high risks.

and put all money in saving is not a wise decision. do both is a safe choice that people usually do, but lots of people like to take risk and put all of their money, even loan more to invest.

Not in our country. Not everyone here has a savings account. Mostly they live by what they earn in a day. So, if they have to choose savings or.investment, they'll refuse both. They have to eat first before they even think of saving.

Topic: Is it better to save money or invest it? - page 523. (Read 1181210 times)