Post
Topic
Board Economics
Re: Why we should prioritize investment over saving
by
2Pizza410000BTC
on 30/03/2024, 14:31:10 UTC
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.
It is much more valuable to keep that amount of money invested in bitcoin than to save little by little. There was a time when we didn't know about Bitcoin, maybe our family members saved it in the bank. They managed to save some money throughout the year but could not accumulate much money there. Just saved and there was no gain. Now I realize that if they had saved that amount of money in Bitcoin, Bitcoin would have been much more successful today for that amount of money. So those who know about bitcoin experienced bitcoin never save in bank they will always invest in bitcoin and increase their investment and later earn a lot of money. So to me it is never worth saving Bitcoin investment is the most valuable.