Post
Topic
Board Economics
Re: How to save money.
by
tommorisonwebdesign
on 31/07/2015, 22:14:39 UTC
The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..
I've ended up losing more money gambling than winning. Gambling cannot be considered an investment. I've come to form the opinion that people who consider gambling some sort of "investment" are borderline schizotypal; they are half-convinced money grows on trees. One of my "friends" who took $100 to go to the casino lost it all on Pai Gow and ended up blowing his stack. Bitcoin itself is more of an investment then gambling, my friend.