Post
Topic
Board Economics
Re: What is The Negative Effect of Inflation on Household Savings?
by
Plaguedeath
on 21/02/2024, 08:22:10 UTC
finding alternative ways of income could also help in some way, like investing in bonds and stocks I mentioned earlier. Bitcoin clearly has higher returns if you go about it with the right knowledge and understanding. At some point it gets to doing whatever works best for you and yields credible enough results for you.
For me, it's not an income if you invest your money in bonds, because the interest is only enough to protect your wealth against inflation.

To be honest investing in Bitcoin doesn't need to have really high knowledge or understanding, you only need to know the basic security and don't be greedy.

Just know the basic computer security, buy a hardware wallet, buy Bitcoin on safe exchange, don't participate or click anything that related to airdrop, giveaway etc, now you're already safe and don't need to worry about anything.