The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
Money savings or Bitcoin savings are both called savings. Both have the same context. Anyone who can save money can also save bitcoins. The difference here is that those who save fiat money will not grow their money. Moreover, even if there is some increase, it will not be noticeable due to inflation. On the other hand, those who save money in Bitcoin will have the opportunity to earn huge amount of money after a long period of time due to its demand. So I think depositing money in Bitcoin is more suitable than depositing money in any other platform. 
Topic: Keeping money and keeping bitcoins? are they similar? - page 8. (Read 2395 times)
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Those who still wish to keep Bitcoins for two years or more while they have no other savings in their lives or other income in their lives, it will be difficult to do so because they will always exchange Bitcoins for fiat when they get Bitcoins in any way. Because everyone cannot hold back the consumption of basic needs that they must always fulfill, so it will be difficult for them to carry out the storage plan.Everyone doesn't need to withhold their basic needs just because of an investment plan, that should be it. However, this policy will of course be very different from one user to another because I also agree that some people push their investment plans too hard.
Whereas those who have difficulty saving money in their lives are still not necessarily difficult to save Bitcoin because maybe they have to always use their money so as not to sacrifice the Bitcoin they have stored properly in their wallet. So not all of them also those who have difficulty saving money can find it difficult to save Bitcoin, because they remember the unstoppable need so that the money they have will always be used for life's needs.
Investments basically don't need to be forced if they don't have a budget.You can save to invest, but you don't have to starve just to have it. Planning investments is good, but you still need to invest something in your health with sufficient fulfillment.
Anyone who can save money can actually save whatever they have despite anything but those who hardly save money can not save bitcoin even though they planned to store it for about 2 years or more. The reason most people do not save bitcoin is that they only wanted to make instant gain and take a leave, while some may be one problem and the other.
Those who still wish to keep Bitcoins for two years or more while they have no other savings in their lives or other income in their lives, it will be difficult to do so because they will always exchange Bitcoins for fiat when they get Bitcoins in any way. Because everyone cannot hold back the consumption of basic needs that they must always fulfill, so it will be difficult for them to carry out the storage plan.
Whereas those who have difficulty saving money in their lives are still not necessarily difficult to save Bitcoin because maybe they have to always use their money so as not to sacrifice the Bitcoin they have stored properly in their wallet. So not all of them also those who have difficulty saving money can find it difficult to save Bitcoin, because they remember the unstoppable need so that the money they have will always be used for life's needs.
Keeping money and bitcoins look the same but there are different things because of different concepts, bitcoin with a decentralized concept has the potential to skyrocket or fall so that the value of bitcoins can change depending on market conditions, while keeping money will have a fixed value but usually will decrease because the value of money every year will be reduced due to the effect of inflation.
of course it differs very much, if you save money for a long time then its value will not change and it is very different when choosing to save Bitcoin, because the movement of Bitcoin is very volatile allowing everything to happen in the future, it could be that the price of Bitcoin will decrease and we will experience a loss or vice versa the price of Bitcoin will increase and we will get a profit.this is definitely different, and I prefer to save Bitcoin than save money.
Anyone who can save money can actually save whatever they have despite anything but those who hardly save money can not save bitcoin even though they planned to store it for about 2 years or more. The reason most people do not save bitcoin is that they only wanted to make instant gain and take a leave, while some may be one problem and the other.
Keeping money and bitcoins look the same but there are different things because of different concepts, bitcoin with a decentralized concept has the potential to skyrocket or fall so that the value of bitcoins can change depending on market conditions, while keeping money will have a fixed value but usually will decrease because the value of money every year will be reduced due to the effect of inflation.
Saving money to yourself and saving money in Bitcoin, are two completely different things. For example, the money you keep with yourself or in your piggy bank will stay the same. If you save in Bitcoin then you have the potential to get a good return of Bitcoin on the money you save. However, saving money in bitcoins can make you gain or lose money. Those who are timid, weak and get excited easily when they see money dwindling. Better not to store their money in Bitcoin. However, long-term investment in Bitcoin has a high potential for good returns. For example some families spend half of their income on family and save half for the future. They save that money for a long time. If they keep this money in Bitcoin for a long time, they can be very profitable, and the money invested can even double. Because long-term storage in Bitcoin increases the potential for profit.
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
Bitcoins and money is not the same because bitcoin is unstable while money is stable, saving money is different from saving bitcoins, but i believe that if you are a good saver of fiat you are also a good holder of crypto coins, because saving fiat also needs patience to make a big savings you need to have a big patience also, almost the same in crypto the longer you hold the more profit you will get if you have patience and you never sell at loss. The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
Fit and bitcoin are very different. Let's say that a person is very good at saving because when he has a penny, he will put it in the piggy bank for his future. In bitcoin, you can't do that because you will need a certain amount to buy small bits. Also in saving the return for you is securing your future, or having plans for it, like buying a car or stuff. Unlike bitcoin, which is more of an investment approach, if you gain profit, you'll purchase this one.
Keeping money and keeping bitcoins are totally not the same. Money is a traditional currency or what we so called fiat that is issued by a government authority, while Bitcoin is a decentralized digital currency that operates on a peer to peer network. The difference of the tow is that money is physical paper that we can literally hold while Bitcoin only exist in a digital form. Physical money value is stable and it is backed up by the government, while the value of Bitcoin is high volatile and is not supported by the government. The only similarity of bitcoin and money are both they can use to make purchases and store value.
Money and bitcoin are of course different things, if we are keeping money then the value will continue to decrease due to inflation that continues to occur, but if we are keeping bitcoin then there are 2 opportunities namely loss or profit, if the market continues to improve then we can get profits up to 100% even more in a year, conversely if the market is red then we will lose money.
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
There is certainly a similarity between keeping bitcoins and keeping money in the sense that both involve a mindset of long-term saving and investing, rather than short-term speculation or spending. People who are naturally inclined to save money, plan for the future, and resist the temptation of impulsive purchases may be more likely to adopt a similar approach when it comes to holding and investing in cryptocurrency like Bitcoin.However, there are also some important differences between keeping bitcoins and keeping traditional fiat currency. Bitcoin is a decentralized and volatile asset that is not backed by any government or financial institution, and its value can fluctuate significantly over short periods of time. This means that holding and investing in Bitcoin carries a higher level of risk than traditional savings, which are generally more stable and less volatile.
Additionally, while traditional savings are often insured by government entities like the FDIC, there is no such safety net for cryptocurrency holdings. This means that individuals must take extra precautions to secure their digital wallets and protect their assets from potential theft or fraud.
When you store money, the only thing you can observe over time is its gradual depreciation. When you store bitcoin, its price may fall - but there is always a chance that the price may rise. Another important difference is that bitcoin currently has interstate liquidity (unlike money). That is, you can exchange bitcoin for any country's money.
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
that is very different from storing bitcoins, you can also say that you can save assets that have the potential to increase and will be very useful in the future, even though their nature is very volatile, different from saving money in a bank or cash. it can be said that it is just silent about our assets because the value of money decreases every year due to inflation, remember the two are very different
what do you think?
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
I will not call call it money I want to say it saving asset or making asset . When we save our money on bank it will have the stable amount and also gives some percentage of interest but on the others hand if we saving our fund on bitcoin then it becomes an asset because in long term strategies bitcoin brings big profits . I will find some similarities and also find some more profit by doing bitcoin saving . But we have to mind it that bitcoin has the High volatilities but at the end and day by day the usage of bitcoin is creasing and the demand is also increasing so it can be confirmed that it price will be also increase.
Very different if we save it can be a very useful asset in the future different from money whose value is very low because it is influenced by inflation
If we have right knowledge with self discipline in both things either money or bitcoin we will be good in savings money or cryptocurrency because they both have market values. Huge people earn good money after investing on bitcoin, if you are doing anything with self discipline then it will be profitable in the future. Otherwise, you will only keep collecting information and advices but you can't do good in anything weather keeping money or bitcoin. In my opinion bitcoin is worth for investment instead of keeping money.
The first thing that is needed is the willingness to save.
Someone who is used to saving can easily combine their savings in any form. Money is one of the easiest media to save, while Bitcoin requires a detailed understanding, from how to buy it to finding a safe wallet to store its assets. The rise of saving in Cryptocurrency because it is considered to provide protection from inflation, Cryptocurrency can reduce the inflation rate of fiat currency which is often excessive.
Behind all that of course, there are risks that must be considered, the first risk that needs to be watched out for is fluctuation. Price fluctuations that can occur at any time cause sizable losses for investors. Cryptocurrency also has a higher risk of fluctuations when compared to other investment instruments.
So before you choose a place to save money, you must consider the risks that might occur.
Someone who is used to saving can easily combine their savings in any form. Money is one of the easiest media to save, while Bitcoin requires a detailed understanding, from how to buy it to finding a safe wallet to store its assets. The rise of saving in Cryptocurrency because it is considered to provide protection from inflation, Cryptocurrency can reduce the inflation rate of fiat currency which is often excessive.
Behind all that of course, there are risks that must be considered, the first risk that needs to be watched out for is fluctuation. Price fluctuations that can occur at any time cause sizable losses for investors. Cryptocurrency also has a higher risk of fluctuations when compared to other investment instruments.
So before you choose a place to save money, you must consider the risks that might occur.
I think peoples tendencies to do things spread across all spectrums of their lives, not just when it comes to one specific thing. For example if you're good at saving money you're probably good at saving other things as well as being dedicated and disciplined. Most people that I know from my days of working in finance tend to bring their strong financial behaviors to all "sectors", so those clients I have that I know own bitcoin, and are good at "saving" it, tend to be good with saving money and other investments.
Probably once you’re an effective saver, be it bitcoin or fiat, you will definitely succeed in it because you have the discipline and determination to save. Because you have set a goal to earn and save now, and make profits later. So if you are good in saving money, then whatever you intend to save, you will really achieve it because you have the right attitude that you have developed even from simple saving of your extra money. Almost the same
Tt is very risky to save bitcoin if one day the price goes down, but you can still get profit if the price goes up.
Keep paper money at home, there is a risk of theft and if you save it in a bank, you can deposit and get some benefits.
But if we compare, maybe it will be more risky to save bitcoin
I'm surprised that you think investment and saving are almost the same. Tt is very risky to save bitcoin if one day the price goes down, but you can still get profit if the price goes up.
Keep paper money at home, there is a risk of theft and if you save it in a bank, you can deposit and get some benefits.
But if we compare, maybe it will be more risky to save bitcoin
TBH, I have a very different understanding of them (investment and saving).
Investing in Bitcoin requires sufficient knowledge because it is a high risk. While keeping money in the bank, you don't need any knowledge because I see no risk at all. You only need to understand about how long you will save your money and how much you will pay to the bank monthly. It is very different when you invest in Bitcoin. If you invest in the wrong way, you probably get a loss because its value is volatile and unpredictable. While money (fiats) is quite stable, its value won't change drastically as Bitcoin value.
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