Post
Topic
Board Economics
Re: Keeping money and keeping bitcoins? are they similar?
by
Barikui1
on 10/03/2024, 15:52:32 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?
Actually I really don't think they are that much similar, because savings is like keeping your money in a bank or anywhere safe for a long period of time, which in most times have reduced in value due to inflation, and sometimes it serve as an emergency fund if the needs arises, while Bitcoin on the other hand is like storing of an asset that haves the ability to make you rich in a long period of time, because it increase in value overtime compared to savings that are static, and is mostly devalued by inflation.