Post
Topic
Board Nigeria (Naija)
Re: What if our entire life savings suddenly became worthless.
by
Mehmet69
on 07/07/2025, 17:50:44 UTC
the first question that should come to your mind when considering this should be that do you know that once you have died that it is going to be the last moment you are going to be referred to as the owner of all the things you have spent all your life to accumulate? even with this reality, we still walk around as though that is not a known possibility and make long term plans even though we know that we might not stay alive to witness those plans coming to reality.

you can buy a land in a place that is safe today and after few years from now an unexpected war breaks out that destroys both your land and every other asset that you hold on to that same land. saving in the bank has its own issues just like bitcoin is also not immune from some issue. knowing this, does that mean that you will not take risk just because you are afraid of a potential loss? that is not how life runs na. risk is part of what makes life worth living and if you do not take risk, you might never know how far you can get to at things.


Yes, I agree with you. But, I think investing is much better than keeping money in the bank. None of us are permanent. The money and wealth that we have accumulated throughout our lives will pass to our successors upon our death. It simply means that we have only worked hard and have not had time to be happy.

Now if we keep saving money in the bank, it will never make us profitable. But if we use that money for investment, then we have the potential to make a profit.

So we have to learn to take risks and We have to learn to invest in digital and permanent assets.