Post
Topic
Board Economics
Re: Why we should prioritize investment over saving
by
goldkingcoiner
on 15/02/2024, 18:06:20 UTC
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.

SAVING = INVESTING.

I think that is something that most people do not seem to understand.

If you save fiat dollars in your bank account, you are investing into the dollar. If you are saving euros, you are investing into euros. And so on.

When you think about it like that, you realize that your money is perpetually invested into something. And when it comes to fiat, it will lead to a loss due to inflation in the long term. So obviously "saving", in this case, is not going to help you in your future.

But lets think of it in terms of Bitcoin: Saving Bitcoin is a smart thing because that is just "hodling Bitcoin". And that is exactly what we should all be doing.