Quote from: South Park on December 08, 2016, 09:05:51 PM

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Quote from: South Park on December 06, 2016, 09:59:26 PM

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Quote from: South Park on December 03, 2016, 02:21:22 AM

Quote from: Multipulty on December 02, 2016, 08:58:00 AM

Saving is usually best for short-term goals which you want to achieve in five years or less. This can include saving for special items or occasions such as a holiday, wedding or car. It's also useful to have savings which you can get at quickly in the event of an emergency or if you need access to your money at a set time. Over time, inflation can have a big impact on the buying power of your savings. To achieve potentially higher returns you might want to consider investing. Many investments involve investing in the stock market and so are higher-risk. But potentially the stock market can produce better returns over the medium to longer term than savings accounts.

Savings accounts don't really offer much in terms of yearly interest in fact by just buying bitcoin and holding you could obtain in a few weeks or months as much as you would have gotten have you left your money in a savings account.

Savings account is only created for those people who want to save their money in the bank and in return for the money that you will be depositing to the bank they will return some interest which is just like a bonus. And the best thing to invest today is with bitcoin because the price now is keep on increasing and by just saving you have an instant investment.

It is not a bonus the banks are offering you that interest because the lending your money and obtaining profits out of it the problem is the current interest rates are very low that is why most people are interested in looking for investment opportunities.

interest given the bank is very small only 1% -3% per year or even less than that, but if you're just aiming to save money alone, the advantages of small interest that will still be beneficial

But in most cases that is not even enough to beat inflation, so the purchase power of your money is diminishing every year which is why we must always look for a better place to put our money.

And bitcoin is the best place to put your money. Because when you invest in bitcoin by buying and you don't have to do anything, but you just need to wait for the price increase of bitcoin and that is going to give you instant profit in the future. And besides in bitcoin, it is a dual purpose when you are saving or holding bitcoin, you are also investing in it.