Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is 'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
Let discuss this guys..
No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
That's because you guys are ill-informed. Don't know where you got the idea that saving would lead you to riches but it doesn't work that way, nor was it portrayed to work that way in the first place. What you mistake savings for is investment, where you put your money into work instead of slaving for it on your daily 9-5. With investment, you get the guaranteed benefit of earning more than what your salary grade provides, with all the liberties the market could provide you, which in turn allow some of the people who ventured into investments to earn millions and find riches.
On the other hand, savings, as the name implies, is meant to "save" your money for the sake of something else. Instead of splurging it all into booze and bitches you keep a portion of your money for yourself as emergency funds, will the emergency funds make you rich? No! What it will do to you is make sure you don't die of poverty when you do get sick.
I hope this analogy shed a light on this massive misconception against savings. You're not supposed to get rich off of saving your money, if that's the case then we'd have a lot of scrooge mcducks in here already, you're only saving because you have to prepare for a massive, often unexpected expenditure in the future. Nothing more, nothing less.