Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?
Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.
Please what's your opinion on this?
I actually don't think it's a good idea because their is no difference between a stable coin as usdt and the us dollar, since the usdt is being peg with the dollar, and nothing is being added up, I don't think it's a wise thing to do.
And another thing about it is that any money being saved up has an enemy which reduces the value of that money, and that is inflation, because am very sure that since nothing is being added to that money, the value will be reduced as times goes on, so I would suggest to you that if you want to save money,
save in anything that appreciate in value overtime, something like Bitcoin, gold or land, so it's very important you save in anything that appreciate in value, not in fiat that loses value due to inflation.