Is it better to save money or invest it? - page 684.

Amph

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Quote from: Dotakels on June 12, 2015, 02:41:14 AM

Quote from: BIT-Sharon on June 11, 2015, 11:31:30 PM

divide your money into three parts and make some deposit, investment, and cash in hand. For now, bank is not absulutely safe any more, such as Greek debt crisis.

I think invest in bitcoin and use pumped and dumped so that you can earn more. You only need is to havea enough capital to buy altcoins and then sell it when the right time comes.

don't know how it is advisable to trade altcoin with your bitcoin, altcoin are dying monsters, that can't contribute too much to your portfolio, you need to follow those pumper groups, that pump a random coin each week, and you need to have your money ready on exchange(a bit risky), to buy those pumped altcoin

but be aware, they usually say that they pump for long term, but the true is that they only pump it for something around 300% and then the crash happen very fast, there are too many bagholder miners, that are holding those garbage coins, and they look forward to dump as soon as possible

Dotakels

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Quote from: BIT-Sharon on June 11, 2015, 11:31:30 PM

divide your money into three parts and make some deposit, investment, and cash in hand. For now, bank is not absulutely safe any more, such as Greek debt crisis.

I think invest in bitcoin and use pumped and dumped so that you can earn more. You only need is to havea enough capital to buy altcoins and then sell it when the right time comes.

BIT-Sharon

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divide your money into three parts and make some deposit, investment, and cash in hand. For now, bank is not absulutely safe any more, such as Greek debt crisis.

Falconer

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Quote from: arallmuus on June 11, 2015, 04:59:04 PM

Quote from: Falconer on June 11, 2015, 12:04:47 PM

Quote from: arallmuus on June 11, 2015, 08:13:36 AM

Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).

Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well

But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do

P.S : putting your money into BTC is one form of investment as well

I agree, but I'm not sure people want to invest their money since they haven't known about bitcoin yet. It sounds so risky to them and maybe they just want to invest in the ~~usual~~ common investment, like gold or land investment. But, I hope world people will use bitcoin in few years later as an usual cryptocurrency.

Well a risk is always part of of being human though. As for the "common investment", it doesnt actually work like that because human are mostly driven by greed which means that people could be interested in putting investment on "new stuff" instead of the common investment and also that the word "risky" in investment could mean that it will net a higher return anyway

I think people can't easily try the new stuff since they have no idea about that. There is always a limit to greedy people when using their money to something risky. Anyway, thanks for your correction.

knowhow

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is better currently to have bitcoins instead have some deposit money on banks,why well since is volatil anytime can sell and make the money earn like 20% in a year.... i doubt bitcoin will end or loose worth under 100 dollars on the next years.... which bank offers 20% in a year?banks can fall very fast and some people will be insane... already happened once do you think wont happen twice?

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Quote from: Falconer on June 11, 2015, 12:04:47 PM

Quote from: arallmuus on June 11, 2015, 08:13:36 AM

Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).

Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well

But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do

P.S : putting your money into BTC is one form of investment as well

I agree, but I'm not sure people want to invest their money since they haven't known about bitcoin yet. It sounds so risky to them and maybe they just want to invest in the ~~usual~~ common investment, like gold or land investment. But, I hope world people will use bitcoin in few years later as an usual cryptocurrency.

Well a risk is always part of of being human though. As for the "common investment", it doesnt actually work like that because human are mostly driven by greed which means that people could be interested in putting investment on "new stuff" instead of the common investment and also that the word "risky" in investment could mean that it will net a higher return anyway

oblivi

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Quote from: Xenoph0bia on June 11, 2015, 02:32:44 PM

Quote from: deisik on June 11, 2015, 05:31:04 AM

Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

I don't think that people who just saved their money would have much desire to invest it again anytime soon, since keeping money in a bank is also an investment (kind of). Those who have a lot of money (given they saved it on a deposit in the first place, which I doubt) would buy gold, real estate, or US Treasuries, those who don't have that much would just keep cash under mattress...

Ofcourse, The people who are have lots of money would definitely go for keeping their money safe in the banks by transferring it into fixed deposits the interest rate is less but atleast their money is safe and when it comes to banking system I don't think that the big fish would ever be shut down.

The mega wealthy diversify a lot, they have a big % of their wealth in real estate, some even collect cars that appreciate with time like Mayweather. Then we have the classics which are metals, and the rest in the bank account. Never a good idea to leave it all in the bank. I wish I was that wealthy to have those kinds of problems tho.

Xenoph0bia

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Quote from: deisik on June 11, 2015, 05:31:04 AM

Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

I don't think that people who just saved their money would have much desire to invest it again anytime soon, since keeping money in a bank is also an investment (kind of). Those who have a lot of money (given they saved it on a deposit in the first place, which I doubt) would buy gold, real estate, or US Treasuries, those who don't have that much would just keep cash under mattress...

Ofcourse, The people who are have lots of money would definitely go for keeping their money safe in the banks by transferring it into fixed deposits the interest rate is less but atleast their money is safe and when it comes to banking system I don't think that the big fish would ever be shut down.

zeraTunerse

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Quote from: Falconer on June 11, 2015, 12:04:47 PM

Quote from: arallmuus on June 11, 2015, 08:13:36 AM

Quote from: Falconer on June 11, 2015, 07:52:13 AM

Quote from: arallmuus on June 11, 2015, 06:11:04 AM

There would be no reason to trust an investment option anymore if you dont trust the bank because basically banks are much more secure than most of the investment ( well , most )

In my opinion, people don't have any option what they will do to their money since the banks got problems nowadays and it's not secure to hide it under their mattress. The only option is get profit from their money with investment.

Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).

Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well

But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do

P.S : putting your money into BTC is one form of investment as well

I agree, but I'm not sure people want to invest their money since they haven't known about bitcoin yet. It sounds so risky to them and maybe they just want to invest in the usual investment, like gold or land investment. But, I hope world people will use bitcoin in few years later as an usual cryptocurrency.

The people who are not aware about the bitcoin will never take a risk to invest in bitcoin as they are very much used to other investments like gold, land, shares etc. as they trust more as compared to bitcoin but as the awareness level goes high they will take a step ahead to invest in cryptocurrency.

Falconer

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Quote from: arallmuus on June 11, 2015, 08:13:36 AM

Quote from: Falconer on June 11, 2015, 07:52:13 AM

Quote from: arallmuus on June 11, 2015, 06:11:04 AM

There would be no reason to trust an investment option anymore if you dont trust the bank because basically banks are much more secure than most of the investment ( well , most )

In my opinion, people don't have any option what they will do to their money since the banks got problems nowadays and it's not secure to hide it under their mattress. The only option is get profit from their money with investment.

Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).

Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well

But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do

P.S : putting your money into BTC is one form of investment as well

I agree, but I'm not sure people want to invest their money since they haven't known about bitcoin yet. It sounds so risky to them and maybe they just want to invest in the usual investment, like gold or land investment. But, I hope world people will use bitcoin in few years later as an usual cryptocurrency.

EXtremeAEX

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Back to the main question, I think it is safe to invest some money (bitcoin) if you invest wisely and safely. Put aside some bitcoins you wish to save it, make another wallet and put it there, and for the rest divide it into a few investments, like lending.

If you dont do anything to the bitcoins you have, then there is no point having it at all. Waiting for the price of bitcoin to rise might not be worth it all the time, so it would be better to invest some. What I currently do is that I placed 50% of my bitcoins in another wallet, and the rest of it I invest it. As for the profits, I deposit more into the fixed wallet, and the rest compound it for the investments. Of course, do not invest everything at one go, all investments are just like gambling, but less odds to lose.

And do not invest alot into ponzis, and make sure the site does not have bad reviews. Always do a quick search and investigation! Wink

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Quote from: Falconer on June 11, 2015, 07:52:13 AM

Quote from: arallmuus on June 11, 2015, 06:11:04 AM

There would be no reason to trust an investment option anymore if you dont trust the bank because basically banks are much more secure than most of the investment ( well , most )

In my opinion, people don't have any option what they will do to their money since the banks got problems nowadays and it's not secure to hide it under their mattress. The only option is get profit from their money with investment.

Which is why BTC was created, one of the reason would be to secure your own money. Another option would be ofcourse to put it into BTC secure them in a cold wallet or fat better in a paper wallet and put in into your personal vault (if you have one).

Even though the value of BTC could drop (the same thing with FIAT which ofcourse there is inflation increased each year) but in term of security, I cant think of any other more that is far better secure than securing it by your own at your own risk as well

But still , even if there is a news about bank sacking employees in one country, it doesnt actually mean the entire banking system in the world is falling apart. Putting money into investment is quite risky by some way unless you know what to do

P.S : putting your money into BTC is one form of investment as well

Falconer

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Quote from: arallmuus on June 11, 2015, 06:11:04 AM

There would be no reason to trust an investment option anymore if you dont trust the bank because basically banks are much more secure than most of the investment ( well , most )

In my opinion, people don't have any option what they will do to their money since the banks got problems nowadays and it's not secure to hide it under their mattress. The only option is get profit from their money with investment.

Quote from: bryant.coleman on June 11, 2015, 07:17:03 AM

Quote from: randy8777 on June 11, 2015, 06:57:35 AM

while banks have had problems, people still managed to save a record amount of money here in the netherlands. which means most people indeed have no desire to invest it in any way.

In the Netherlands, banks are in good shape, unlike those in Greece and Cyprus. So the individuals, who decided to keep money in various Dutch savings accounts are not under a great deal of threat right now. That is why the people living in the Netherlands continue to store a large part of their wealth in various savings accounts.

There are many banks that give more secure and guarantee to their customers in some country, and there are not. It depends on how country set up the banks and economic policy.

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Quote from: randy8777 on June 11, 2015, 06:57:35 AM

while banks have had problems, people still managed to save a record amount of money here in the netherlands. which means most people indeed have no desire to invest it in any way.

In the Netherlands, banks are in good shape, unlike those in Greece and Cyprus. So the individuals, who decided to keep money in various Dutch savings accounts are not under a great deal of threat right now. That is why the people living in the Netherlands continue to store a large part of their wealth in various savings accounts.

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Quote from: deisik on June 11, 2015, 05:31:04 AM

Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

I don't think that people who just saved their money would have much desire to invest it again anytime soon, since keeping money in a bank is also an investment (kind of). Those who have a lot of money (given they saved it on a deposit in the first place, which I doubt) would buy gold, real estate, or US Treasuries, those who don't have that much would just keep cash under mattress...

while banks have had problems, people still managed to save a record amount of money here in the netherlands. which means most people indeed have no desire to invest it in any way.

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Quote from: Falconer on June 11, 2015, 01:34:59 AM

They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

There would be no reason to trust an investment option anymore if you dont trust the bank because basically banks are much more secure than most of the investment ( well , most )

Quote from: TinEye on June 11, 2015, 04:20:24 AM

it is better to invest in something that have some risk instead of leaving your money in a structure that carry the same risk

You are missing the point that it has a different risk and also that putting your money into an investment would carry a far more higher risk then leaving it in a bank structure

Quote from: TinEye on June 11, 2015, 04:20:24 AM

no point in using bank anymore for a little interest

Most people are not even aware of this little interest because basically people put their money into bank not to earn from the interest but rather to keep their money safe (unless they are putting it in safe deposits which would grant up tp 7.5 % per annum of course ) which is one of the reason BTC is invented so that you could secure your own personal belonging

Quote from: Valanor on June 10, 2015, 10:28:16 PM

-snip-

You dont even uderstand about your country's banking system to be honest and a single click on google lead me to a bailout case of a bank in your country which is still unsolved and you dont even know how to read properly there. Read below

Quote from: arallmuus on June 10, 2015, 04:37:30 PM

Quote from: Valanor on June 09, 2015, 09:18:27 PM

Iyou can see this
http://bni.co.id/Tarif/Simpanan/BungaDeposito.aspx

you need more capital minimum 1000k idr or 1.000.000 $ to get 5% per month

This amuse me that you do not understand a website with your native language. A simple google translator helped me to understand thats the interest rate per annum and it is for safe deposits so its pretty normal because bank could offer up to 7.5 % per annum for safe deposits.

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English ⬄ Russian Translation Services

Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

I don't think that people who just saved their money would have much desire to invest it again anytime soon, since keeping money in a bank is also an investment (kind of). Those who have a lot of money (given they saved it on a deposit in the first place, which I doubt) would buy gold, real estate, or US Treasuries, those who don't have that much would just keep cash under mattress...

bryant.coleman

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Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

Many people are afraid that what happened in Cyprus could happen again. In Cyprus, the government just stole around 80% of the money from all the bank savings accounts, which were having a balance of over € 100,000. Therefore, there is a general perception that keeping money in savings accounts are not safe anymore. But these people tend to forget that the government can seize our investment assets also.

TinEye

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Quote from: Falconer on June 11, 2015, 01:34:59 AM

Since there were many news that stated some banks got problem, e.g. bank was hacked, bank fired employees, etc, I think people especially the bank customers began to withdraw their cash and choose to invest it. They don't want to risking their money anymore, and the investment is best solution for them which they will get higher profit than saving it.

i agree, now that saving is risky like investing in some countries, because of that problems you were talking about, it is better to invest in something that have some risk instead of leaving your money in a structure that carry the same risk, no point in using bank anymore for a little interest, at least in that zone where there are these problems, and if you remove banks, saving become totally worthless, you can't earn interest if you leave your money under your pillow

Valanor

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Look My eyes

Quote from: avatar_kiyoshi on June 11, 2015, 03:09:27 AM

I agree with Valanor with LPS system. Also you can invest in bank with dana reksa too if you want more profit but with risky too.
I'm saving my coins in bitcoin wallet too.

hemm nice avatar kiyosi

we know that system make more people trust with Bank Indonesia

I also save MY BTC on wallet but i withdraw it some like 0.1-0.2BTC / week to save it in Bank, because we not know how long bitcoin can survive

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