Post
Topic
Board Nigeria (Naija)
Re: Invest in bitcoin or save your money in the bank.
by
Joy- maker
on 05/09/2025, 10:47:45 UTC
You don try for wetting you talk here, the thing be say we need to only focus for one system, we need to invest in Bitcoin and also get Fiat for our bank account. Both of Dem dey very important. We need to understand say Bitcoin na investment for the long term and e get potential to reduce inflation, while keeping fiat for bank go reduce the value or inflation go affect am. So we need to do am in a way we no go dey affected by inflation. The logic na to convert our Fiat to invest for Bitcoin since na long time journey, sothat inflation no go affect am. While we go use the fiat wey remain to sort out the immediate want instead of us to leave am for bank. The summary of everything you don talk here show say bank get en own advantage and disadvantage, and Bitcoin get in own advantage and disadvantage. Na for us to make a wise decision not to dey left out.
one thing you should understand is that most people keep money in the bank as a form  investing which is very wrong, note am not saying that people shouldn't keep money in the bank, you can decide to keep money in the bank as fiat to serve as emergency fund and backup fund, back to post I just made clear there that anything that won't double my money that they should count me out, and went forward to state the advantages and the disadvantages of investing in bitcoin and also the advantages and the disadvantages of saving your money in Bank, so that people can read through and their own decision.