Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
gabmen
on 20/10/2016, 14:30:35 UTC
Are they not 2 sides of the same coin?  Investing is saving, and saving is investing...
Spending or Saving would be a question...

You have the point on it, because in crypto currency if you are going to save then you are already investing for your future.

Well that is going to be a good question for spending or saving. And I would go choose for saving and don't spend for the things that you don't need.

So that you are going to have good savings.
But it should be clearly known that while saving in ciryptocurrency can bring you profit, investing tends to be more profitable because in this regard you buying at low price and selling at higher price following market trend on daily basis unlike saving that you keep the coin and expect to sell in future date.

Holding bitcoin will give you good profits only if price goes higher in future but investing them in different alts will allow you to grow your coins and will also give regular profits.

well investing though would be a bit riskier than saving. so it would depend on the person's outlook to what's best to do with his money. if he has experience and if he knows how the market runs, then I think investing would be the better option. but you should really have both for good measure. investing to see your money grow, then savings just to be sure that you're safe if anything goes wrong