Quote from: Obim34 on March 23, 2024, 11:56:00 PM

Quote from: fuguebtc on March 23, 2024, 05:40:34 PM

Quote from: Oneandpure on March 23, 2024, 05:16:49 PM

Quote from: ancafe on March 22, 2024, 08:10:49 PM

Believe it or not, our parents always advise us to save and there is even a saying "that saving is the source of wealth". We often hear this advice from our parents and they always remind us to saving, saving and saving.

Saving does not make people richer, but by saving people can build a business to develop financial potential. If they have enough money saved, they can make any business for the financial development stage and perhaps that is the purpose of saving as the basis for wealth.

Actually all parent not familiar with investing will prefer or advice their children for saving money than investment, most of them scared with investing make us loss. I don't sure with saving can build up the business and develop financial condition behind how drastically face inflation years by years, better change saving to investing not only our save the money from inflation but also we can earn much profitable than saving.
You can compare when holding our money in fiat is not worth yet than investing in some investment kinds despite in cryptocurrency or stock, can earn profitable and increasing our capital exactly when investing in cryptocurrency huge drastically pump year by years since investing on the right moment.

What if your investment loses money? Have you considered that scenario? Saving will not make you rich or help you fight inflation, but it will certainly be the best solution if you encounter difficulties in life. Investing is a way for us to improve our income and life, but investing always carries potential risks, and can even lead to bankruptcy . Regardless of the financial market, making a profit is never easy. Frankly speaking, I see very few winners and most of them just losers . Saving and investing are both equally important, so balance things out.

Still on the same page, it depends on what a person is to invest into, let's assume it is Bitcoin, we all know their is a 99% chances of making profits than losing, so first we need consider what exactly we are about investing into. Money held in an account as savings may not worth the price of goods if eventually the economy faces inflation but investment counter the odds. Both are important but making investment should rule.

You mean the win rate when investing in bitcoin is up to 99%, are you serious? Is investing in bitcoin really that easy and if everyone wins then who loses? Out of 100 people investing in bitcoin, 99 people win and only 1 person loses, is this reasonable? Bitcoin is a financial market and when we make profits there will certainly be losses, Bitcoin cannot increase its value on its own and distribute it to all investors for free. And the government also doesn't print money to pour into the free market to make all players winners.

If investing in bitcoin has a 99% winning rate, you should sell all your houses and assets and invest entirely in bitcoin, you will quickly become rich, you don't have to work hard just to make a few dollars a day.