The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They dont have enough guidance that will help them to invest better.
Savings is good because your money is secured you just wait for the price increase to come at the right price for you. While investing is good also but you have to bet your feelings and expectations to have a chance to earn big money. Its like a gambling its either you win or lose.
Investments are always a risk. However, these activities are supposed to bring a profit. savings are needed, but with the investments, you will have a chance to let money make money. The Internet has opened our way to the world of investment, and cryptocurrencies have made it as short as possible. I regularly invest in Bitcoin when I get a salary but it is only 15-20% of the money I own.
Money makes money.. Right, it is called compound interest in the financial markets and the category is named as passive income. In investing the risks are always high due to the random event series on the world and these events can cause sharp price changes on any financial markets included cryptocurrency markets. For making money with compound interest, the profits are separately invested in the low price altcoins. After the given timeframe, the altcoin portfolio will reach the target value and the smart investors will invest more with the money coming from interest.
By the way, financial markets never sleep and crypto investors should use available special online tools in order to keep watching daily performance issues of their cryptocurrency portfolio. In every price increment, the new investors add or take out from their market trades and they are the main cause of unexpected price change from my experience. Anyway, in the crypto investment industry, the weak hands are not respected by the rest of the market traders and the stronger hands become a winner of the bull/bear open battle today or tomorrow. Just my 2 cents.