Post
Topic
Board Economics
Re: how to survive inflation and economy hardship
by
ancafe
on 03/04/2024, 16:35:56 UTC
I have never kept money in the bank, I do not want to keep money in the bank in the future. I have exta fund for emergency needs, I rear cattle at home. I have invested in Bitcoin for long term, short term investment has less chance of profit. We live in joint family, my family father brothers earn, we help each other in urgent need. So there will be no need to sell bitcoins for urgent needs.
I have a little savings in the bank, but I never prioritize saving money in the form of savings in the bank because usually I only save money for certain needs in a much smaller percentage. You have good planning in developing your existing money potential, owning cattle and making investments to reach small or large profit levels, because not many people are able to focus on doing that simultaneously.

With other sources of income, we don't need to sell bitcoin when we need money because it's not certain that when we need money, bitcoin will be at a high price. This is a wise decision because you understand the bitcoin journey process so you don't depend entirely on investment for your living needs.