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'.
There’s a need for reorientation on this belief that many people has about savings. They always say save for tomorrow but when you look deep into it, you’ll know that saving for tomorrow will only make you less poor at the time you want to spend that money you’ve saved for tomorrow. What I’m insinuating is that inflation keeps increasing and it’ll undoubtedly affect your savings overtime but with investment and taking profits, it’ll going to match up with the standards of the economy at the time you’re spending them. Saving is good but investment is better if you have a good investment plan.
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.
Bitcoin has been viewed by many people as another form of investment and mostly not as a savings for them. If those that came into bitcoin did for the purpose of investment, they’ll always see the better side of it as an investment asset and not a place to save their fiat money when converted to bitcoin. As we all know, since bitcoin is volatile, it can be used as an investment tool and be dependent on. There are risk involved, but the long term benefits is worth the risk. Every business invested in has a risk, you just have to be able to manage those risks.