Quote from: Elissa~sH on April 13, 2024, 04:55:01 PM

Quote from: AirtelBuzz on April 13, 2024, 11:51:57 AM

But it may be our mistake to think that only profit will be earned by investing because investment involves risk. If one has a proper understanding of Cryptocurrencies and can analyze coins well then he should invest his savings in Bitcoin. Because investing in Bitcoin will provide much more security than depositing their savings in the bank or investing in anything else even they will be able to earn huge profits from investing in this Bitcoin at some point.

Yes, you are right. It is not wise to invest in bitcoin if you do not know how to do so. But it is better to invest money in the bank than make a profit by saving. There are many other types, but others, such as investing in a business or sharing, will bring good earnings.
If you are considering investing in cryptocurrencies, you can invest in good, stablecoins such as BTC, BNB, etc. Rex cannot be taken; if you invest in a good coin, you will get a profit.

Invest money in the bank? Since when did that become profitable? The commissions they provide on your deposits in a savings account are extremely low, it's better that you buy some asset store it privately, and sell it after a year, I'm pretty sure you will earn more profit than that.

Banks are not even good for savings these days because of the rising inflation and devaluation of the currencies of each country. It is better if a person keeps their money in another form instead of keeping them in fiat even if they are not willing to invest them or earn money with them and just want to save them for future emergencies and stuff because if your money lose purchasing power over time, that means you are losing your money slowly.