Quote from: GbitG on Today at 06:35:34 PM

Quote from: Nheer on April 02, 2024, 08:59:32 AM

Quote from: Adbitco on March 12, 2024, 10:41:39 PM

it could be it's better to have investment than savings.

I think regarding this you should rather speak for yourself because not everyone is willing to take the risk to invest and not everyone have the mindset to withstand the risk. Also we are humans and everyone will definitely have different preferences so some will tell you they prefer to go for savings than investments. I myself prefer investment to savings because i like taking risks and having fun and i kinda see savings like a boring thing.

Yep, indeed investment is far better than saving. But the point to be noted is that you should be aware of how much risk there is in it, That is, if you want to invest in Bitcoin, you should be fully aware that if you do not have risk management skills, then Your investment in Bitcoin is nothing but lose. Because Bitcoin has a highly unstable value, it can make your investment zero or even heroic.

So if your stance is on investment instead of saving, then you must first understand this golden quote "Invest those moneys that you can afford to lose" in which all factor analysis will automatically be discussed, that is, you should know all these things. It will happen, which can change the investment from a loss to a profit.

So it means that investing (Bitcoin) is a good thing, but you should first be aware of its cons, Like investing in Bitcoin, you should first have full knowledge of all the skills that an investor should know. It is necessary before investment. So then investment can be better for you than saving. Apart from this, investment can be in other things as well. It is everyone's own choice, some prefer less volatility and some like high volatility assets. Everyone has their own view on investment, but personally, i would go for bitcoin because i know all the things that can reduce the risk for me.
DYOR!

Yep well said, you invest based on the knowledge you have about your area of Interest that you want to invest in, as t will be unwise to risk your money without having any edge about that investment plan.
Before we think of investing one need to have a plan, investing within his means acknowledging the fact that there is an uncertainty.

Though some person prioritize saving in respect to investment, which I find very funny, am not saying you shouldn't save but saving won't yield any result as your money is lying without being productive. Investment makes your money work for you, saves the rainy day. While some persons are struggling, poor and broke is because there is no alternative means outside there savings or job thus acting as a limiting factor.

In essence invest, we can't build wealth through savings or finance the lifestyle we want. All the successful people we see and admire are living based on the investment they have.
This is the link to a similar topic, you can find it helpful.

https://bitcointalk.org/index.php?topic=5487343.msg63749408#msg63749408