Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
batang_bitcoin
on 11/05/2016, 04:06:54 UTC
For me saving and investing is the same, investing is like saving for your future and it goes along with an interest, while saving is for your future but may not bear an interest or profit. But I recommend both for those who doesn't have either of the two.

I agree with you , saving and investing is just one thing and also have one goal. That is for you to earn. But if you are saving your bitcoins today for the coming halving then it is also an investment.
Saving for me is different because by saving your money will not earn interest and investing their is a risk that your money will be gone if your investment will not be successful and on the other hand you will gain profit if you succeed. Now the best investment is to buy BTC while the price is not that high.

I think he is referring to save your bitcoins to your wallet and just wait for the price increase and it will just increase it automatically when the bitcoin halving comes.
But you have the point on all of it.
Saving in bitcoin wallet is the best way than saving your money in the bank. The bank only offers very low interest while bitcoins can give you a chance to double your money. But it is riskier compared to banks because banks offer insurance while bitcoins does not.

Yes, he is referring to saving his bitcoin to his bitcoin wallet. Because saving your money in bank only the bank itself will just get profit from the money that you are saving to them.
They will just put it into loaning service with the help of the money that you deposited to them.