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.
I agree with you. But we cannot invest without doing research first. Investing means putting your money in a business or item that can increase your money. But you can also risk experiencing losses if the business you invest in fails and your money is lost. Savings can protect your money, but it doesn't protect the value of your money. And investing can double your money but you need to do research before investing.
Of course, it is very important to do research before deciding to carry out an investment, because if we don't know well the field we are going to invest in, of course this will be very risky and we will also make mistakes at the start which will cause us to experience losses.
Yes, it is true that by saving we will lose the value of the money we save when inflation occurs, but by saving we will be able to help in situations that we don't expect and will also be able to help us carry out investments well.