Post
Topic
Board Economics
Re: Keeping money and keeping bitcoins? are they similar?
by
Hamphser
on 02/03/2024, 20:27:55 UTC
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?
From my point of view I would say holding money and holding bitcoins can never be the same. Those who work in bitcoins who are involved in bitcoins must always have the highest bitcoins because they know about bitcoins and know about the return of their money in bitcoins. But to a person who doesn't know about bitcoin, bitcoin has no value, money is everything to him. If I give an example from my side, I will say when I didn't know about bitcoin, money was all I had. When I came to know about bitcoin, I corrected myself a lot and thought of doing everything in bitcoin now. I always think that if all my money  I would have been more successful today if I had kept the bitcoins.
With just your own common sense then you would really be able to tell on whats worth to hold on for long term and whats not.
Fiat or stablecoins? There's no point on holding them not unless if you do decide on making some investment to earn more income or profits then this is something a smart move to be done
but if you are someone whose really that making out such stagnant or sitting idle then we would be always having that best choice on which it is something that volatile.
The only thing that you would really be needing to handle up is on the risks involved, if you cant be able to bare up with the risks then it would be
your own choice whether you would be skipping out or would be diving in.  Cool