Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
arallmuus
on 17/06/2015, 19:39:59 UTC
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

there is any possibility that we can lost our bitcoin although we secure it properly.

If you know how to secure it properly then you dont have to worry about this stuff but most people dont know how. However the thing about Im choosing to secure money in form of BTC is based on the security side and not based it on the investment side

Cash is ofcourse not such an easy thing to store for 20 years

Not entirely true, cash is an easy thing to store. Basically you can even store in under your mattress or put it down on your underground storage. The thing with cash is that it is affected by inflation every year making your $1 cash be worthless by 20 years timeframe

Gold is a fluctuating investment too.

You should probably do more research for this because Gold has been quite stable if you were to compare it with any other investment by this moment