Is it better to save money or invest it? - page 670.

Zorrocoin

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Quote from: Ingatqhvq on July 14, 2015, 06:10:01 AM

if you want to invest it, you have to take the risk. but save money is not a good idea, i believe.

Saving with yourself is not a bad idea , if you're saving in a bank , you're only losing money because of the high inflation situation. It is better to put your money in a good and reliable investment like bitcoin. Of course you have to risk it to get the biscuit. But sometimes you have to lose something to gain something. risking some security for more possible money in the future is a better option

GreenStox

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Quote from: orsotheysaid on July 13, 2015, 07:00:12 PM

The main problem is there is not enough supply. The GDP of a single small country like greece is about $280 billion, how can btc's less than 4 billion marketcap absorb all that new wealth?

Of course it can absorb it, there is enough supply, and if there isnt , the better, BTC price will skyrocket Cheesy

I`m more worried about the TX limit / second though.

Surely 280 billion dough will need a bigger transaction limit, but if they would increase the limit to 50 mb, and if greece comes onboard, then i`m sure millions of new miners will apear, due to increasing btc price ,and will help facilitate the network

arallmuus

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Quote from: Brewins on July 14, 2015, 07:07:38 AM

Invest, if you can.

To save money you need to have some source of income, from investments

This is pretty much wrong. If you have some money to start an investment than that means you have some money to save as well and obviously you dont need to depends on your capital gain from your investment.
This will then depends on how you would like to use your money because not everyone is fond of investment as it exposed a lot of risk according to some people and some of people would only like to save their money at bank which they thought that there are no risk involved however inflation rate is always a risk

Wolframite

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Quote from: Mayer Amschel on July 14, 2015, 07:08:55 AM

Fuck saving, go all in, in a smart way.

You will lose 90% of the time in the first 3-5 years.

Then you will start earning.

90% is too high and after losing for 3 to 5years the one may lose all hope and may never invest again.... I believe there has to be a small amount of money as financial backup

TinEye

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Quote from: Mayer Amschel on July 14, 2015, 07:08:55 AM

Fuck saving, go all in, in a smart way.

You will lose 90% of the time in the first 3-5 years.

Then you will start earning.

i think it is really simply, if you believe that bitcoin can go really high in the future

it's intelligent for you to go all-in with bitcoin, or 90% to be more safe, otherwise it's better to diversify, in 2 assets at least

one with high risk, where you put a lower % of your saving and the other with less risk where you put a higher %

for sure i'll not leave my saving sitting in a bank for a meaningless interest

Mayer Amschel

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Fuck saving, go all in, in a smart way.

You will lose 90% of the time in the first 3-5 years.

Then you will start earning.

Brewins

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Invest, if you can.

To save money you need to have some source of income, from investments

Ingatqhvq

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if you want to invest it, you have to take the risk. but save money is not a good idea, i believe.

EXtremeAEX

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Actually by saving it you are also risking it in some way, as the price of bitcoin is very unstable and fluctuates quite a lot, so you'll never know when it drops or rises, and by that you are taking a risk.

Honestly using your own country's currency might be even more stable, but depends, but since bitcoin is universal, you can buy some bitcoins to invest as well. Do some work and investigation to check for safe and trustworthy investments, and investments will be worth it. Cheesy

lottery248

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beware of your keys.

better to save it.
or just buy bitcoin.

because bitcoin is the future money. we need them spread all over the world and take out arbitrary.

Erdogan

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Quote from: greBit on July 14, 2015, 12:34:10 AM

Quote from: Erdogan on July 14, 2015, 12:21:27 AM

Quote from: greBit on July 14, 2015, 12:10:10 AM

Quote from: Erdogan on July 13, 2015, 11:28:18 PM

This is of course in the aggregate, a certain being could be all of hungry, cold, houseless and witless at the same time. In which case, you could help. Give the child what it immediately needs to survive, then to help it off suggest it to mow your lawn for money, then everyone elses lawn in the street, or suggest a low level job paying food and shelter at a farm or shoe shop. Let the child know that value creation is making something or doing something for others for money that is worth the trouble. Direct action. You can do it, because you are rich and you know things.

Unless a bunch of ignorant idealists from the back side of the globe intervenes, leaning to the power of the state, accusing you of (the undefined, politican word) trafficking, and lock you up in a dark hole, thus destroying humanity.

There will always be ignorant idealists in the world

These ignorant idealists from the back side of the globe will always intervene, leaning to the power of the state, accusing people of trafficking, and lock em up in a dark hole, fucking with humanity. You can't change all of them, you can just deal with them. You can choose to either strive to be above them, with them or end up below them. You cannot erase them.

What you and I can do, is do the right thing (in a long time sustainable egoistic way), taking care that we do not expose too much risk of being haunted by the state. Direct action, no mass movement, knowing the capability of the enemy.

Yes, that makes perfect sense. I believe that going defensive is the best offensive. Mass movement might trigger the government and bring a war, but how can we make a real change without giving a fight like that?

In a big way, you can't. I have problems persuading a single person, how could I change the minds of a billion?

greBit

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Quote from: Erdogan on July 14, 2015, 12:21:27 AM

Quote from: greBit on July 14, 2015, 12:10:10 AM

Quote from: Erdogan on July 13, 2015, 11:28:18 PM

This is of course in the aggregate, a certain being could be all of hungry, cold, houseless and witless at the same time. In which case, you could help. Give the child what it immediately needs to survive, then to help it off suggest it to mow your lawn for money, then everyone elses lawn in the street, or suggest a low level job paying food and shelter at a farm or shoe shop. Let the child know that value creation is making something or doing something for others for money that is worth the trouble. Direct action. You can do it, because you are rich and you know things.

Unless a bunch of ignorant idealists from the back side of the globe intervenes, leaning to the power of the state, accusing you of (the undefined, politican word) trafficking, and lock you up in a dark hole, thus destroying humanity.

There will always be ignorant idealists in the world

These ignorant idealists from the back side of the globe will always intervene, leaning to the power of the state, accusing people of trafficking, and lock em up in a dark hole, fucking with humanity. You can't change all of them, you can just deal with them. You can choose to either strive to be above them, with them or end up below them. You cannot erase them.

What you and I can do, is do the right thing (in a long time sustainable egoistic way), taking care that we do not expose too much risk of being haunted by the state. Direct action, no mass movement, knowing the capability of the enemy.

Yes, that makes perfect sense. I believe that going defensive is the best offensive. Mass movement might trigger the government and bring a war, but how can we make a real change without giving a fight like that?

Erdogan

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Quote from: greBit on July 14, 2015, 12:10:10 AM

Quote from: Erdogan on July 13, 2015, 11:28:18 PM

This is of course in the aggregate, a certain being could be all of hungry, cold, houseless and witless at the same time. In which case, you could help. Give the child what it immediately needs to survive, then to help it off suggest it to mow your lawn for money, then everyone elses lawn in the street, or suggest a low level job paying food and shelter at a farm or shoe shop. Let the child know that value creation is making something or doing something for others for money that is worth the trouble. Direct action. You can do it, because you are rich and you know things.

Unless a bunch of ignorant idealists from the back side of the globe intervenes, leaning to the power of the state, accusing you of (the undefined, politican word) trafficking, and lock you up in a dark hole, thus destroying humanity.

There will always be ignorant idealists in the world

These ignorant idealists from the back side of the globe will always intervene, leaning to the power of the state, accusing people of trafficking, and lock em up in a dark hole, fucking with humanity. You can't change all of them, you can just deal with them. You can choose to either strive to be above them, with them or end up below them. You cannot erase them.

What you and I can do, is do the right thing (in a long time sustainable egoistic way), taking care that we do not expose too much risk of being haunted by the state. Direct action, no mass movement, knowing the capability of the enemy.

greBit

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Activity: 714

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Quote from: Erdogan on July 13, 2015, 11:28:18 PM

This is of course in the aggregate, a certain being could be all of hungry, cold, houseless and witless at the same time. In which case, you could help. Give the child what it immediately needs to survive, then to help it off suggest it to mow your lawn for money, then everyone elses lawn in the street, or suggest a low level job paying food and shelter at a farm or shoe shop. Let the child know that value creation is making something or doing something for others for money that is worth the trouble. Direct action. You can do it, because you are rich and you know things.

Unless a bunch of ignorant idealists from the back side of the globe intervenes, leaning to the power of the state, accusing you of (the undefined, politican word) trafficking, and lock you up in a dark hole, thus destroying humanity.

There will always be ignorant idealists in the world

These ignorant idealists from the back side of the globe will always intervene, leaning to the power of the state, accusing people of trafficking, and lock em up in a dark hole, fucking with humanity. You can't change all of them, you can just deal with them. You can choose to either strive to be above them, with them or end up below them. You cannot erase them.

Erdogan

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Activity: 1512

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This is of course in the aggregate, a certain being could be all of hungry, cold, houseless and witless at the same time. In which case, you could help. Give the child what it immediately needs to survive, then to help it off suggest it to mow your lawn for money, then everyone elses lawn in the street, or suggest a low level job paying food and shelter at a farm or shoe shop. Let the child know that value creation is making something or doing something for others for money that is worth the trouble. Direct action. You can do it, because you are rich and you know things.

Unless a bunch of ignorant idealists from the back side of the globe intervenes, leaning to the power of the state, accusing you of (the undefined, politican word) trafficking, and lock you up in a dark hole, thus destroying humanity.

greBit

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Activity: 714

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Quote from: Miracal on July 13, 2015, 12:03:46 PM

Quote from: Zorrocoin on July 13, 2015, 10:50:08 AM

Quote from: greBit on July 12, 2015, 10:45:03 AM

Quote from: Zorrocoin on July 12, 2015, 07:03:38 AM

Quote from: jerol31 on March 26, 2015, 08:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I would prefer 50 percent saving in bank and the other half in investing in bitcoin and gold, both. Gold is good because of the high rate of inflation and bitcoin is better because well.... do I even need to say it. It just is there are a thousand reasons why it is better than gold. Do half - half in saving and investing in bitcoin and gold.

It is sad the only way we can save our money is by either keeping it at home which is really dangerous and obviously I advise against it, or to keep it in a bank where we are given a false assumption that our money is saved. When their heads will be on gun point, they will take away all our money from us, similar to the collateral damage of the Greece default and economy collapse.

That is so true. We don't have any better or more secure options and we have to choose to save our money in the false belief that it is actually going to be protected. Plus it is also so much risky to invest all your money on bitcoin because if there comes a great fall , all your lifelong money is lost. And it is so tragic. So maybe we should not invest our all in bitcoin until it becomes a feasible currency and a great and secure investment.

Never invest all your money into something, I don't even have all my money in banks. I like to keep my money scattered, invested in gold, bitcoin, real estate and other altcoins. A little in bonds and stocks but the quantity is too less, I don't really like the stock market. And I like to spend some in gambling, it ends well for me often Wink

I have never really given gambling too much time of my life, I have always treated it like a sport. Never got too involved in it honestly. Also, I live in Europe. In Europe, online gambling has caught the attention of regulators. There are a lot of rules and regulations so that minors don't get involved with it. Bitcoin does make things easy but I like to be on the safe side.

Erdogan

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Quote from: freeyourmind on July 13, 2015, 10:07:50 PM

Quote from: orsotheysaid on July 13, 2015, 07:00:12 PM

The main problem is there is not enough supply. The GDP of a single small country like greece is about $280 billion, how can btc's less than 4 billion marketcap absorb all that new wealth?

If there were to be that type of demand for bitcoin, then the price would rise significantly and you'd have a much larger market cap.

Good opportunity to cite Rothbard: The money volume is always 1. Meaning, it does not matter how much money exists. Due to the standard market dynamics, there will always be just enough.

And since money has pure speculative value, and no intrinsic value, no child will go hungry, cold, houseless or witless due to lack of money in the aggregate.

freeyourmind

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Quote from: orsotheysaid on July 13, 2015, 07:00:12 PM

The main problem is there is not enough supply. The GDP of a single small country like greece is about $280 billion, how can btc's less than 4 billion marketcap absorb all that new wealth?

If there were to be that type of demand for bitcoin, then the price would rise significantly and you'd have a much larger market cap.

orsotheysaid

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Quote from: GreenStox on July 13, 2015, 04:44:22 PM

Quote from: Erdogan on July 13, 2015, 04:09:04 PM

Quote from: Dotakels on July 13, 2015, 08:38:04 AM

Quote from: Erdogan on July 12, 2015, 12:16:20 PM

Quote from: Dotakels on July 12, 2015, 11:34:25 AM

Quote from: Erdogan on July 11, 2015, 01:15:14 AM

Quote from: greBit on July 11, 2015, 01:10:34 AM

Quote from: Zorrocoin on July 10, 2015, 10:35:15 AM

Quote from: randy8777 on March 26, 2015, 11:29:46 AM

if some one has little to no experience with investing they are better off contacting some who knows exactly how everything works.
investing is risky which means if you invest it in the wrong industry or wrong in a wrong way you might end up with a huge loss.

Both saving money in a bank and investing it are equally good and bad. Banking might seem more secure but you only lose in the long term because of the high inflation rate taking place. Additionally, investing in the wrong area is also bad. I'd rather invest than to save in a bank, and I'd rather invest in both gold and bitcoin.

I think somehow we all rely on banks for now because we do not know what to do of our lifelong savings. How can we put it all in a bitcoin wallet as it is more of an investment right now, if it falls, lifelong money will be lost and no one should take that risk, ever. Once it is adopted and used more like currency and considered less of an investment, I'd put all my money in my bitcoin wallet.

You have always gold, it fluctuates, but is less risky. And you have the fiat paper rectangles.

But bitcoin price are depends on fiat money? so that you can't say that bitcoin will replace fiat money. So we can used bitcoin or fiat money either of that still they have both risk.

Bitcoin does not depend on fiat money in any way. It is free market, private money with good money properties.

Its depend on fiat money, because buyers of bitcoins or users are depending on the price of bitcoin, they will used it, buy or sell bitcoin when they know if the price of bitcoin is high or low, So its means bitcoin is depending on fiat money.

There is some logic to what you say, because currently fiat money is more liquid than bitcoin, and you can therefore use fiat as an intemediate money type. But you talk as if bitcoin is unusable when there is no fiat money. On the contrary, when the argentinian peso dies, noone will want them, and bitcoin will shine.

Yep, argentine, greece, and other financially burdened countries need to switch to bitcoin asap. Its more liquid internationally, even if locally there arent more vendors.