Post
Topic
Board Economics
Re: Saving don't make wealth
by
Ndabagi01
on 23/03/2024, 21:54:16 UTC
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'.

You're correct; while many people focus on saving for tomorrow, few understand the concept of investing for tomorrow, which is better and more rewarding in the long run. Your savings goal is a projected amount that you want to have, and once that amount is met, you have a fixed amount and nothing else. While investing your money, you will receive interest on the total amount invested over time.

Quote
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.

Nobody said bitcoin was a safe haven for this generation or that it would be the best system for lifting people out of poverty. Investing in bitcoin is a good investment, and it is preferable to saving money in a bank, where you will not receive a return on investment as you would in bitcoin due to its volatility and the likelihood of future price increases.