Post
Topic
Board Economics
Re: How to save money.
by
AlexBits
on 22/04/2016, 10:59:08 UTC
I am trying to save my money into bitcoin on regular basis as if everything goes fine in future then my savings will grow in the best possible way.
You are doing saving money by investment but a better solution can be investing some percentage of your money in bitcoin and not all of it.
It all comes down to how much risk he is willing to take.

In a way investing in Bitcoin now is a good choice, because it has good prospects for the future, but at the same time it might not be the best choice because we might be going back into a slump. Not saying it is going down all the way, but the average is slipping a bit.

everything we do in life need risk taking, and it becomes more special when it comes to investment. if you don't want to take risks then you will never get anywhere.
but the risk you take should be a calculated risk not just gambling with the investment and hope for the best.

And without risk we can't improved ourselves in handling every investment we will entered. Of course choose the investment with reasonable risk rather than choosing investment with an obvious risk.

So that's why it is important to diversify your investment, alas to diversify your risk. Saving all would not make sense because the the interest rate is very low, with inflation your money will be worth less then you began with...