Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
carlisle1
on 11/12/2016, 04:35:19 UTC

well you can do both saving and investing with bitcoin you just need to convert your money into bitcoin and just hold . because bitcoin itself is also  investment nowadays where you can save you money while getting profit because of the mostly price increase .
That's right, the price of bitcoin at this moment is already high. I don't need to invest my coins in other websites because holding it is already investing for me. Whenever I need money, I just convert it to my fiat and request a cash-out.

however you can also grow your bitcoin by doing alt coin trading so you can make more bitcoin and more profit from bitcoin while the price increase is approaching and after you have successfully made a profit from alt coin trading your money will be possibly grown or maybe it will be doubled . by the way we have the same situation I am also doing the same thing you do whenever I need money .
Altcoin trading or whatever you call it is still trading and in trading it's a gamble since there's no guarantee that can grow your money. Taking the risk is the thing there, if you are a risk taker then trading is good for you, actually it's good to learn how to trade because the success rate is very enticing especially when you are focus with the asset/s you are trading.

yes let's suppose that it is just like gambling but we can see a big difference between the two although they have the same risk at least with alt coin trading you have much higher chance to grow your money than dealing with gambling because your analysis will fit perfectly when it comes to trading aside from that, in gambling you can easily lose all your money in a blink of an eye . we can say that there's no guarantee that you can grow your coin in trading but it only depends on the coin that you are going to trade with . for me trading could be a good investment since I haven't found some good investment aside from that .