Post
Topic
Board Economics
Re: Keeping money and keeping bitcoins? are they similar?
by
Cryptoprincess101
on 02/03/2024, 22:19:29 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?

Keeping or saving fiat as the case may be can't be measured with hodling Bitcoin because despite the fact that the money saved in the bank also adds interest at different intervals but that of Bitcoin is more guaranteed because you can have access to it at any given time but the fiat you are saving possibly in the bank may not always be at your disposal especially if you project or fix a time you can get access to it of which even when you want to liquidate it there would still be some fee that is attached to it and Bitcoin appreciates from time to time whereas fiat is just fixed and can't add in value except if you want to exchange it with other currency