Savings Vs Investment? - page 15. | Bitcointalksearch.org

South Park

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Quote from: safelycrypto on June 28, 2019, 04:35:18 AM

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

Technically speaking even saving is a form of investment, for example if you are saving in your local currency then you are invested in it, if you save your money but you use the US dollar then you are invested in the US dollar, and if you are saving your money in bitcoin then you are invested in bitcoin, however you need to be very careful it seems like the next world crisis is not that far away and if it is true then it could be many times worse than the last crisis and when that happens you do not want to be holding paper assets or your losses could be huge.

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Savings were the base for investment, but for a futuristic benefitting investing is the right choice. With investment there is risk, but if we've done it on the right thing we will be getting regular return from the investments. A simple calculation determines the importance of investment over bitcoin. If one saves $40 per year for ten years then what he have got in the wallet by the end of ten years is $400 and if it was provided with some interest it would've reached $500.

Same if invested surely by the end of the tenth year the investment that was made regularly would've reached at least $1300 - $1500. This is how the difference in the earning out of saving and investing with the same amount by the same time interval.

ruski

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The investment looks a bit riskiest, but in my view, it is more profitable in the long run than saving or holding. You just have to choose the most successful coins which have good potential before investing, and waiting till the price reaches a high level then sell with good profit.

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The investment is the riskiest way, but it can generate more potential earning than saving. However, saving cryptocurrencies (or holding) is another profitable method, if you re holding the most promising coins, because their prices are expected to go up highly in the near future.

And you think that savings too is not risky? What if the bank where you have your money had challenges and then liquidate, what do you think that will happen to your money, so there is nothing that is not risky, if we keep considering the risky part of it, we may end up not doing anything at all.

Investment is very keen to human man, because this is the legacy that you will lay down for your children, it is the name that you build down for them, savings could be tampered with at any time, but investment would never be tampered with unless you don’t know how to manage it. Rather than keeping that money in the bank for too long, what happens to using it to buy fix assets like land which will even appreciate more than any amount you can get from banks.

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Quote from: BayAngelo on August 18, 2019, 10:56:41 AM

if you are thinking of saving, know that your money will be invested by financial institute for their own use. what is left is a return of your initial savings but when you invest your funds, your earn everything. take the risk and be a millionaire.

If you are saving, whatever the institution would do with your money, it's non of your business anymore.
What you want is just to ensure that your money is safe and you can withdraw anytime you need it, in short you are not taking risk here as some institution like banks, offers interest when you deposit your money to them.

What is advisable if a person wants to invest, is to ensure he has a savings first and not all the savings are risk for investment since we never know the outcome, your savings is necessary for you to continue to life when worst case happens like you fail on your investment.

princerepon

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Quote from: safelycrypto on June 28, 2019, 04:35:18 AM

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

Of course smart people choose Investment if they want to success. Yes it's a risky way but if you going forward smartly step by step then success is just a time of matter. In 21st century people want to be success. But it's only possible if you have proper guidance. Don't be so much greedy it'll destroy you. Make money in investment is not too much easy way that people think. Only your good effort and take a right step can make you a success in investment industry.

BayAngelo

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if you are thinking of saving, know that your money will be invested by financial institute for their own use. what is left is a return of your initial savings but when you invest your funds, your earn everything. take the risk and be a millionaire.

Mila52

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Quote from: Reatim on August 17, 2019, 01:21:13 AM

Quote from: safelycrypto on June 28, 2019, 04:35:18 AM

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

I believe that in crypto Saving and investing can be done together.just like buying Bitcoin(or other cryptocurrency)and keep them in your wallet for as long as you want.
This money can be ave while inside investments.specially if you are a Crypto believer?for sure you won’t regret that you made such action for your money
I remember when I was new here and starts to read and learn,I have crossed a thread that a school drop out teenager bought good amount of bitcoin when the price is just few Penny and after years he become a millionaire.so for me that’s his way of saving while investing

Savings in banks and investments in cryptocurrency are essentially are identical. Long-term bank savings are reduced due to inflation, when long-term investments in BTC increase despite regular ups and downs. My rule is not to keep all your eggs in one basket. This will help to save your prosperity's status even in old age)

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Quote from: ?? on ??

The investment is the riskiest way, but it can generate more potential earning than saving. However, saving cryptocurrencies (or holding) is another profitable method, if you re holding the most promising coins, because their prices are expected to go up highly in the near future.

That is why we need to research the investment so we can know why the investment is worth for us. Besides that, by having so many info about the investment, that will help us to decide later, and we will know how much money to invest. I think saving the cryptocurrency still profitable right now because we will see another high price soon. So if you can buy many altcoins in a huge amount, then I think you can make a profit later. But we don't know how long you need to hold the coin because no one will know the right time to keep the coin.

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Quote from: safelycrypto on June 28, 2019, 04:35:18 AM

The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.

I believe that in crypto Saving and investing can be done together.just like buying Bitcoin(or other cryptocurrency)and keep them in your wallet for as long as you want.
This money can be ave while inside investments.specially if you are a Crypto believer?for sure you won’t regret that you made such action for your money
I remember when I was new here and starts to read and learn,I have crossed a thread that a school drop out teenager bought good amount of bitcoin when the price is just few Penny and after years he become a millionaire.so for me that’s his way of saving while investing

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Quote from: AmoreJaz on August 16, 2019, 08:12:52 PM

Quote from: nydiacaskey01 on August 15, 2019, 06:06:24 PM

Instead of keeping your money in your house idle or keep it in a bank and let there for more than a year be get charges for dormant fees, I would rather buy a stock of a publicly listed corporation that is among the top 1000 in your country than store it and keep it idle. The value of your $1,000 today is different after 5 years.

that will come in handy if the person knows how to invest in stock market. some people opt for bank savings because they dont have to do anything. just deposit and forget that money for a year or so.
but if i have sizeable amount of money, i would go for investment of course. look for alternative options like stock or crypto market and make profit out of it.

many people are confused about using their assets, so they prefer to hold back in the bank for years. but, I also choose to invest in a place that can make me income. most people are also afraid to take risks and choose to save money. Well, many investments have a big risk. but you're right, when they can see the potential of the investment site, I think that can be their consideration.

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Quote from: nydiacaskey01 on August 15, 2019, 06:06:24 PM

Instead of keeping your money in your house idle or keep it in a bank and let there for more than a year be get charges for dormant fees, I would rather buy a stock of a publicly listed corporation that is among the top 1000 in your country than store it and keep it idle. The value of your $1,000 today is different after 5 years.

that will come in handy if the person knows how to invest in stock market. some people opt for bank savings because they dont have to do anything. just deposit and forget that money for a year or so.
but if i have sizeable amount of money, i would go for investment of course. look for alternative options like stock or crypto market and make profit out of it.

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Quote from: Bob Smith on August 16, 2019, 02:47:50 AM

For people who don’t have interest or good knowledge about investing, savings are any day better for them, cos having a bank account is all you need for it.

for savings you dont necisarily need to have a bank or to apply for a savings account at banks because you can still keep the money on your own hands . that is still considered savings but if the money is held on banks i think that is likely simillar to investing because you also gain anual interest from them and like investing there is also a risk of loosing your money because sometimes a bank can go busted and not all can be able to do a full refund .

barbara44

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Now it's hard to choose what's right. Saving is afraid of inflation, investment is afraid of psychology of FOMO. Huh

And spending wrecks you, you cannot run away from all, you just have practice one in other to stay financially strong, no decision is easy to take, life is full of risk and we just have to make some decisions out of risk believing that such decision will not backfire for us but rather work for us. Saving and investment might have their own negative side, but a serious minded person will focus on the positive side of it and bring out the best out of the negative.

I think you have to do both for future sake, so that when things are not running smoothly, you will be able to have something string that will bail you out in that period. I have been in a situation where I lost my job for some couple of months, but while I was working, I invested in a mini business and that was what really came forth for me.

Bob Smith

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For people who don’t have interest or good knowledge about investing, savings are any day better for them, cos having a bank account is all you need for it. But yes, if you are willing to take risk and you have sufficient knowledge about the know-how of investing, go ahead and invest as returns are more there, no doubt.

Russell963

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Savings and Investments have been used interchangeably but there is a difference between the two. Investment is to put your money into productive uses or buying assets such as mutual funds, bonds, stocks etc in the hope that these investments will make money for you. Where as Saving is the money which can be accessed quickly, possesses zero or little risk and with a few amount of taxes.

nydiacaskey01

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Instead of keeping your money in your house idle or keep it in a bank and let there for more than a year be get charges for dormant fees, I would rather buy a stock of a publicly listed corporation that is among the top 1000 in your country than store it and keep it idle. The value of your $1,000 today is different after 5 years.

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Now it's hard to choose what's right. Saving is afraid of inflation, investment is afraid of psychology of FOMO. Huh

Fear is not good both on investing and saving, it can make you confuse and lose money. I usually go for investing to earn profit but having a savings account is also a must. Inflation might go high and that’s why you have to keep inveting, anyway you can’t escape inflation even if you don’t save.

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Right, it depends on the person involve how he/she will manage his/her money, saving is good because if emergency comes then you have something that you can use though it won’t increase overtime. Investment on the other hand is good if done properly or if the investment you choose is correct and works for you, if you think crypto is the investment that works for you then make sure to choose the right coin, I would suggest bitcoin just to be on the safe side.

That is a great suggestion, If I am also a newbie I would go invest first with bitcoin and do some research on altcoins which is the best and potential to get profit. We know how risk in investing in crypto but I guess the risk is everywhere. Savings and investing are good as long as you can afford it. Bitcoin is the best answer to this, while you are investing and keep holding you are just like saving on it and waiting for profit when the time comes.

Investing with crypto is indeed like saving up but don't expect too much because the risk is higher compared if you do store your money into a bank.

We actually know on how this volatile market works which makes our investment goes bad overtime if the market tends to go into the opposite way.
Observing everything when we are still starting up is the best option or course to take.

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Investment has to be done very wisely instead of doing it like it’s a duty. You never gain via savings, you gain why making. But it obviously needs to be done via sensible and proper way. I always do that and it helps a lot with something like Crypto Lending platforms, as it’s kind of thing that can be beneficial if picked accurately, so our whole effort has to be towards that only, and only then we will be able to turn around to make good and consistent returns.

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