Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
mornabo
on 09/09/2017, 07:39:50 UTC
Investing is risk but it gives you profit and if the price of Bitcoin is going up so you will get multiples profit.
Saving only make you safe but less profit then investing. Risk = Rich. I vote for investing.
Well, there isn't being held a comparison here. But if you ask me, then my vote is neither with saving nor with investing... Tongue
It is with earning, earning bitcoins without any investment and then saving them for future, waiting for the prices to rise regardless of the rate and downfalls... Tongue
Earning bitcoins the way you have mentioned requires a lot of time and hard efforts. For earning bitcoins you need to work for signature campaigns etc but if you have enough money for buying bitcoins directly t any popular exchange, then why to work for campaigns. Simply buy bitcoins and save them for future purpose.
actually holding bitcoin is also included in the investment but it will not grow the bitcoin you have, but if you do not want to get a big risk then you can just do the holding alone. but if you want to get more profit from bitcoin, then you should grow it in sharing investment methods like investing in minning site, ICO, altcoin, gambling bankroll, etc. but it will add to the risk of loss that you will face.