Quote from: Barikui1 on March 10, 2024, 03:52:32 PM

Quote from: Stepstowealth on January 25, 2023, 06:03:36 PM

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.

n my opinion, these two things are very different, because if we save money, of course its value will decrease, even though the money we save remains the same, as you mentioned, when inflation occurs, the value of the money will decrease, but this will be very useful when we have emergency needs that we don't need. We never know when we need it, but investing will give us results from what we invest as long as we can fulfill the targets we set and choose to invest in Bitcoin, of course this is very good for our future because there will be profits from what that we have invested and we must carry out our investments well and not make wrong decisions in investing so as not to lose what we have invested.