Most people generally think of Bitcoin as an "investment for profit". Again
Many Bitcoiners see it as a savings tool – especially those in developing countries. Because it holds value for the future and is personally controllable. The total supply of Bitcoin is 21 million and it has historically held its value for the long term. This makes it relatively easy to send remittances and Bitcoin can be seen as a "digital savings account".
There are price fluctuations in the financial markets.
But I think holding it for 5–10 years will actually be profitable.
By putting aside some regular portion, just like fixed deposits used to be. It is a type of investment or opportunity to make a profit. "Buy low, sell high" is an asset that you hold for the long term, not something that you "buy when the market is up and sell when it's low".
bitcoin is a volatile asset so not everyone will appreciate it as a savings tool. Infact, for anyone to successfully use bitcoin as a savings tool, he should consider his savings goals first. It might turn out a disaster for someone who only has short term plans. You can imagine saving $1000 in bitcoins just to withdraw $850 bitcoins when you're eventually ready to use your money. Such can only happen when you don't give your bitcoins time.
Instead of going for the fixed deposit savings with the traditional banks, I will rather save my money in btc, give it time to mature and then relax.
I don't see Bitcoin as the ultimate savings tool for all time because it is a volatile asset, it's price can pump and dump at anytime. Saving Bitcoin for the short term is a gamble because it can dump when you want to sell it and nobody will be happy to receive devalued amount. Bitcoin is best to be held on the long term for at least between 8 to 10 years by then you're sure that atleast two bull circles have reached with sure ROI. Bitcoin past circles have proven that it has potentials as a valuable asset and as long as you hold it the value will keep increasing. Save your money in banks for the short term and invest your money in Bitcoin for the long term.