Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
aso118
on 30/05/2015, 05:15:33 UTC
better to invest in bitcoin, gold maybe more secure, but bitcoin has more potential to grow

saving money in the bank, will only mean losing them in the long-term with the current high inflation

I would think bitcoin operates under the same guise, if you look recently into bitcoin it gained fame becausse of how expensive it was (Like over 1000$) but now it has tanked way below that, because of the overabundance, and therefore a type of inflation.  I would think investing in something more physical would be worthwhile, instead of money type things.  Like a house, it may dip a lot but it will always come back up, you just have to be patient. 

Bitcoin gained fame not because how expensive it was, but how quickly it got there.
The tendency to invest in real estate/ real assets is more prevalent in developing countries, where the financial markets are not that well developed. Equity (in general) is a more preferred class than real estate, and Bitcoin has the potential to provide even higher returns. So a small proportion of your savings in bitcoin is not a bad idea.