Quote from: Mauser on April 20, 2022, 09:56:46 AM

In my country saving money in a bank account is still very common even though it's not profitable. My grandmother and even my father have almost all his savings in a bank account that is paying 0.1% interest rate for the last 5 years. With inflation rates of above 2% they are losing money every year. I keep telling them that there are better alternatives to at least protect the money against the inflation, but they are not listening to me. The strange than is than they are complaining every month how much more expensive food and other things become. I don't see that interest rates will rise a lot any time soon. The higher inflation is a very good situation for all the indebted countries and helps them to reduce their refinancing costs. That is why I would expect to see a constant higher inflation in the future with only moderate interest. It just doesn't make sense to bring anymore money to the bank. I would recommend anybody to look into staking rather than saving to get at least some return after inflation.

Saving money in the bank is not as profitable as staking but we cannot deny that it ensures the safety of our money.

It is the right choice for the elderly because they focus on safety, they are not like us who can take risks to get bigger rewards. Staking brings high rewards but also contains potential risks if we choose the wrong coin. Therefore, should allocate assets reasonably, should not invest all in one place.