The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?
There is certainly a similarity between keeping bitcoins and keeping money in the sense that both involve a mindset of long-term saving and investing, rather than short-term speculation or spending. People who are naturally inclined to save money, plan for the future, and resist the temptation of impulsive purchases may be more likely to adopt a similar approach when it comes to holding and investing in cryptocurrency like Bitcoin.
However, there are also some important differences between keeping bitcoins and keeping traditional fiat currency. Bitcoin is a decentralized and volatile asset that is not backed by any government or financial institution, and its value can fluctuate significantly over short periods of time. This means that holding and investing in Bitcoin carries a higher level of risk than traditional savings, which are generally more stable and less volatile.
Additionally, while traditional savings are often insured by government entities like the FDIC, there is no such safety net for cryptocurrency holdings. This means that individuals must take extra precautions to secure their digital wallets and protect their assets from potential theft or fraud.