Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
harizen
on 21/10/2015, 13:58:46 UTC
Is it better to save money in bank or invest it online, in real estate or maybe gold?

I would invest than to just save money because in investing it I can see a lot of money for it than just saving.

Ask a bank if you can invest 100000 satoshi...on the net you can...

bank are useless for gaining interest, they give you 1% or around that, and you're money are frozen for a very long time, usually 1 year

with bitcoin my money can grow fast based on demand, and tnx to the halving this grow will be forced in some way, meanwhile i can always use them

in the past the % of interest given by the bank were greater, i remember there were good deal up to 5%...
yeah you're money can only earn small profit for a long time o have 1% interest, but its better to have a compound interest this is the best interest that you can have if you save your money for a long time.

Depends on the bank. Here in my country one of the best banks here is : Bank of the Philippine Island (BPI). My wife works here for a years now and she has her own saving account and I see from myself how she gain interest with her savings. Discussions about this will take a further discussions so that's it.