Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
arallmuus
on 17/06/2015, 09:35:31 UTC
Buying it right now is the only good option as the prices are falling down

Wrong, be alert on the price movement that the price has been rallying since yesterday and we are now at $250

Basically if you are only looking for a place to secure your money, BTC will be the answer for it and you should put every money that you have to be in form of BTC as an investment because BTC is far more secure than bank

I don't think so, because no one that will guarantee your bitcoin other than yourself. You can't complain to police or other authorities when your bitcoin was lost if you are living in country where government don't recognize bitcoin. So, if it lost, then it's gone forever. In bank, they can give guarantee to secure your money.

Any Bank will always give a guarantee their customer that they will secure their money no matter what happened, otherwise there will be no one to put their money in the bank (marketing tactics).
In term of solely for security , BTC is indeed a better option ( Im a fan of securing my own belongings ) if you know how to do it properly but in term of solely investment , I would say that BTC is a risky bet for now due to its volatility and it will be much better to put your money in safe deposits as an investment