Post
Topic
Board Bitcoin Discussion
Re: Save wisely this year, piggybank or piggybitcoin
by
Zaguru12
on 29/01/2023, 14:35:37 UTC
Story of my life, 3 years ago, I bought a wooden piggybank for savings. My target was to save for 2 years before I opened it. I started putting money inside, until i realized the wood wasn't good enough so I opened it. lo and behold, termites has invaded  my save and destroyed my money 😔. Fast-forward to now, If I had used that money to invest in bitcoin, with good investment decision the money will be  secured and with increase in bitcoin, my money would yield interest.
Save wisely this new year, I'm starting my savings in piggybitcoin.

Yea it is better to save in bitcoin due to some of its benefits but the one most important to me is its hedging ability against inflation.  Your mistake about saving fiat was in the piggy vest where it later got damaged or in other cases could be lost to theft or fire; in case an outbreak occurs. This disadvantages makes bitcoin a safer option. But not withstanding saving fiats is also very important even if it is little for daily keep ups or emergency funds and it’s like. Even though banks are frustrating sometime it still better to have them in it to avoid this problems.
Cases like also redesigning of the notes were old notes need to be returned back to banks have actually discouraged the piggyvest saving method