Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is 'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
Let discuss this guys..
No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
Making investment should come in at the stage you're looking out for a five to ten year interval of time and that's when you are talking about long term investments that's aimed at creating wealth.
Savings can only be an option when you have a short term project you are pursuing. To get benefits from any investment, you must be willing to wait for a very long period of time, usually a year or more. This is to say, savings is short term while investment is for the future. Many people fail financially because they save when they are supposed to invest and get good returns from their investment and invest when they are supposed to just save to accomplish a specific project at that time.
Yeah, that's right. Savings are only for short-term needs like monthly expenses and some emergency funds where we can easily get the money we have saved, but when it comes to savings, don't expect the money you save to grow because if it is in your bank deposited, the earned interest they give is very low. it's not like an investment that has a short or long term called, wherein your money will grow but you can't just get it because mostly with investments, there is time period when you can get your money or what they called "dividends".