Post
Topic
Board Nigeria (Naija)
Re: Tradding Vs Saving, which is the safest way to build crypto holdings
by
Rruchi man
on 24/05/2024, 23:16:06 UTC
if a person saves $1m, he could end the year with a good sum by just holding his asset, while a trader could turn little amount to huge one, it could go at that same rate too, so which one would you prefer as a trader and why
I prefer to take the risk and try to make more than what I expect because by saving there is a limit in number to expect, but not with trading which I could exceed the number that I have set to make if I had saved the money, Also know that in a years time, due to the many things that can happen, any amount of money saved in fiat can loss value to inflation. The only time you should consider saving more than trading is when you know that your knowledge in trading is limited and not enough to make you consistent profit.