In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.
Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.
The economic condition of my country is very bad. I have to spend what I earn in this country. Can't save any money for future life. I had deposited some money in the bank and took that money from the bank and kept it at home. Because my country has suffered a lot economically and various banks are going bankrupt right now, so I took my money out of the bank and kept it at home. But I am planning to invest in Bitcoin without keeping money in the bank. Although there are already some investments in Bitcoin, I will invest this money in Bitcoin to strengthen my investment. Because currently I think investing in Bitcoin is better than keeping money in the bank.