Actually investment requires some skills and most often in terms of bitcoin which is very risky due to it instability in terms of value compared to savings even though savings gives you no profit so I prefer investing.
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Probably, they both have their advantages and disadvantages. It is important and necessary you understand them well before you invest in any of them.Both bank savings and bitcoin investment, has both advantages and disadvantages depending on how we undergo the process. banks can give you interest in your savings but bitcoin can do if it runs successfully.
yes, both saving and investing on bitcoin has it's own advantages and disadvantages but if your investment where to be the right one, then you would make a lot of money than saving.Probably, they both have their advantages and disadvantages. It is important and necessary you understand them well before you invest in any of them.
This is why it is important for you to make a correct financial decision before investing or saving your money. Bitcoin is actually very profitable if you have enough knowledge of how it works.yes, both saving and investing on bitcoin has it's own advantages and disadvantages but if your investment where to be the right one, then you would make a lot of money than saving.
This is why it is important for you to make a correct financial decision before investing or saving your money. Bitcoin is actually very profitable if you have enough knowledge of how it works.yes, both saving and investing on bitcoin has it's own advantages and disadvantages but if your investment where to be the right one, then you would make a lot of money than saving.
Probably, they both have their advantages and disadvantages. It is important and necessary you understand them well before you invest in any of them.
You have a very good point. Whenever people wants to save money they should always use currencies that have some level of stability. I usually prefer the dollar actually.If you keep your money in the bank, the the value of funds may drop in case you are not saving money in valuable currencies such as dollars, British pounds, Euro, etc. In my country, many people are buying these valuable currencies.
You do any business, for this it is very important to take risk, without it you cannot be successful. It is possible that you may suffer loss from bitcoin but it is not necessary that there may be loss that you may also benefit.It is your choice whether you save in the bank or earn money by investing in bitcoins.Keep in the bank. For bitcoin, it is short term or intermediate term business. It is volatile and probably not sustainable for long. It is also decentralised so if across the world , large amounts of it is removed, its value is affected keeping your money on the bank might be safer because it won't be volatile.
For many people the volatility of bitcoin is a problem, for others an opportunity, but it is true that it is not the best place to keep your money, it is a very risky investment and it is better to invest only what you can "lose" and little by little.I'd rather keep it in a bank or credit union. Bitcoin is too volatile imo, and the fact that its worth has dropped so drastically over the year, is good enough sign for me to not put my money into bitcoin.