Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
axorb
on 05/03/2017, 15:47:09 UTC
To answer your question, I will tell you something that good to try.
Last year, my friend tell me he buy 3 btc when the price is worth $700. He said he just want to save his money in another place, not bank. So bitcoin is one of any choice to save money. But what happen now with the price? Now, bitcoin worth to $1200+ and his money is grow. It is same like investing money in the stock.
This is a very nice and colorful example of what is worth buying bitcoin, thereby investing in their future well-being. Only one question oppresses me all the time, how long bitcoin will rise in price? I would not like to lose. While I understand that investing is always a risk.
it was because at that time the price is still relatively small but this time the price is already very high certainly everyone will think buy many bitcoin at current prices including a very risky practice?
Yes it is, Because we are not know when the big red candle of the bitcoin will be happening in the future and i think this is very risky to buy a lot of bitcoin right now. Just watch the price and grab more with the low risk way.
I totally agree, the future of the bitcoin is still yet not clear, I mean for the next 10 years, is the bitcoin going to still be here, so it is not really wise to dump a lot of money into it, bitcoin is good only when it is at a high price otherwise you are wasting your money, so you need to buy smart when it comes to saving it.

There is a big question mark on the future of bitcoins as no one is clear what will happen to it in future so try to make profits from it till its alive instead of holding them too long so sell them when you are making profits and buy again when price drops.