There is a good practice of trying to save/invest around 10% or perhaps even more for the future, yet there are so many folks who have fallen out of such a habit since for 15 years or more interest rates for savings accounts have continued to come down, and there have frequently been dynamics worse in some countries as compared with other countries in which currencies don't hold value so there are incentives to spend it - especially since there is no place to put it, especially if we are talking about only around 10% or so of the income..
Yes, when it comes to saving or investments is a good thing that we suppose practice about. Because it has helped many individuals become wealthy, and is not that they saving/investing all at once, they do so gradually with what they have in that particular time. That is why I am wondering about folks who have another source of income and are unable to use even 5% of what they make, which can multiply them to earn more than what they save/invest against future; and no conditions is permanent. No matter how much some people make per month or week, once their issues is more expanding, this money will not be enough to support them with their families. That is why it is good for us to engage in investing/saving, even a little percentage from our income is set aside for the future.
But that is why if we invest in Bitcoin according to the DCA method, we will definitely be financially prosperous in old age. Because Bitcoin is invested with the future in mind, because it is possible to get several times more benefits than banks. The higher the Bitcoin investment, the greater the risk of profit, which is why most people are currently expressing interest in Bitcoin investment. Because it plays the biggest role in being financially successful in the future.
Because every person wants to save their own money, it is most suitable to invest in Bitcoin, which is why we should consider it the best to think only about buying Bitcoin.
Everyone thinks about the future and deposits money in the bank or saves their money somewhere else. However, if you invest in Bitcoin without keeping money in the bank with a little risk and if this investment can be considered as savings, then the amount of money that the bank will return to that person at the end of a certain period of time, I think that person will get a higher return than if he invested in Bitcoin at the end of a certain period of time. But the problem is that we are not actually ready to take some risk, we keep money in the bank because if we keep money in the bank, there is no possibility of our money decreasing, but we are keeping so much money in the bank, but the exchange bank is not giving us any such interest. Therefore, those who know about Bitcoin should know the relationship between investing in Bitcoin and should invest in Bitcoin with a little risk. Maybe one decision can change a person's financial situation a lot later.
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There is a risk in any type of investment, whether it is investing in Bitcoin or any other type of investment. Depositing money in a bank is not an investment. So there is no risk here,
I get the ur point, honestly I do, but saying there is no risk in depositing money in the bank is not entirely true. Yes, a savings account does not have the same kind of volatility as Bitcoin, but that doesn’t mean it is without risk......When you keep/deposit money in the bank, the value of that ur money is exposed to the risk of inflation or currency devaluation, which meanz that your purchasing power tends to decrease over time. Other risk that is associated with depositing your money in the bank includes folding up of the bank, government restrictions, etc..... So, while the risk level may be low, it is still inappropriate to say that there is "no risk."
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but if you invest in Bitcoin, the value of your Bitcoin will increase day by day.
This statement is very much misleading especially to a newbie. A newbie who uses this your idea( of Bitcoin's day by day increase) to enter into Bitcoin investments , will end up selling off anytime there is a short-term market dips . The fact remains that Bitcoin doesn’t always increase in value “day by day.” In fact, anyone who has been around the space for some while now will confirm how volatile the price can be, sometimes dropping 5-10% in a single day. The history of Bitcoin has showed us that over the long term, Bitcoin's price has trended upward, but that doesn't mean that there hasn't been periods of bear market.