Bitcoin Forum

I am a salaried employee. I have been working in an organization for three years, and I am spending as much as I can. In these three years, I have saved some money. I noticed that my savings are losing value due to inflation. So I thought how to keep this saved money safe without leaving it in cash so that my future is secure. So I decided that I need to convert my saved money into something that is capable of retaining its value over time. An acquaintance of mine advised me to buy land. Its value will increase over time.

But before investing my hard earned money, I started researching deeply. I came to know that while the value of land increases over time, Bitcoin is capable of retaining its value much more dynamically. After that, I started reading Bitcoin-related articles and discussions on forums regularly.Gradually, the matter became clearer. I had heard of many people investing in Bitcoin before, but I had no plan. But after reading everyone's discussions on the forum, I realized that if you invest in Bitcoin in the long term, you can get more success than in land.

It is said that even the king's treasury runs out. If you keep your savings in hand, it may run out someday. So I want to invest my savings in the long term from now on and get to a point where I can live comfortably with a share of the investment profit in the future. I want to know from the experienced Bitcoin investors on the forum, who have become successful today through time, patience and the right decisions. I want their advice. How should I start? How to manage risk?

And how can I stay mentally strong in the long term?

by not using your life savings to invest in something you have shallow knowledge on. Bitcoin is risky when measured in a short time frame but less risky and up directed in the long run.

This mindset means you are not really prepared to save or invest. It shows that even if you do buy bitcoin you would still sell prematurely.

It is good that your intention is to invest in bitcoin for a long term. To get the most out of bitcoin, you must think long term, but you must be careful not to invest money that you will have need of in the nearest future in bitcoin. That being said you should only invest your discretionary income in bitcoin. And to successfully hold for the long term, you have to set up an emergency funds and reserve funds accounts, this will help you big time while holding your bitcoin.

Bitcoin price is over 100k but that doesn't mean anyone who invest in Bitcoin will become rich in few days. Anyone who is planning to invest in Bitcoin must first find the right way of investing in Bitcoin. It's now very clear that the only way to become rich with Bitcoin is to invest and HODL for at-least five years or more. Through Bitcoin trading (for short term) you can get occasional gains but their are risks associated with this strategy. If you have patience to HODL Bitcoin for long term then go for it and you can thank me later here. 

You already have a stable job and know a little about Bitcoin, so now it's time to develop an investment strategy. My approach is simple: once you've covered all your needs and emergency funds, start buying regularly with your discretionary funds. This is the safest way, as you're only spending from the remaining money you're free to spend on whatever you want. Most importantly, set your investment goals solely for the long term. Once you've done all this and it's going well, all you have to do is be disciplined, consistent, and patient.

That's true, patience is the key that will lead anyone to profit after investing in Bitcoin. Besides being consistent in adopting it, the more important thing is that you should not be influenced by the highly volatile market movements, which sometimes make you overly worried. Trust that the price of Bitcoin will always increase over time, although price corrections often occur, it is a normal thing in the crypto market.

I can only chipping some pieces of encouragements and advises.
From the honesty, the acquaintance who recommended land investment to you was right.

Land does not experience deflation values against inflations rather, it is one most tangible hard asset with an intrinsic value while its deflationary risks maybe be crisis like war.
I am just saying so that you don't underrate the asset values of lands Also stay aware of the potential risk.

Bitcoin is best with it digital propagations. Bitcoin also serve better with it utility use on monetary transactions. Nomatter how expensive Bitcoin price may be valued, there will always be affordable portions of it for those who are investing with smaller amounts could buy while Dca will be very an encouraging opportunity to accumulate a lot of Bitcoins over the time as you can.

OP you made the right decision to buy Bitcoin.
Be aware of fraudsters with their too look good offers in the internet.
Keep your seed phrase safe and don't trust your private keys out of emotions. Good luck.
    

You need to have full knowledge about bitcoin as well as the cryptocurrency market, because only when you understand it well, you will have enough confidence and consistency with your choice. You cannot maintain your spirit and keep your faith if you do not understand it. Therefore, knowledge is what you need first.

Second, you need to have a complete financial plan, you need to allocate and separate your spending fund and emergency fund to ensure that you will not have to touch your investments. Also, investing is risky so never put all your eggs in one basket no matter how big the potential of bitcoin is.

Most of the knowledge will surely come from having experience of the market and that is after you must started buying Bitcoin, others have said already and I will love to include that you can increase as little as the trust you have on Bitcoin and can increase later just as your trust increases and more having a good cash flow management skills that will enable you to be putting your funds in an appropriate location like putting your basic needs first and provisional back funds such as the.
1. The emergency funds 2. Reserve funds and float funds.

There must be willingness to stay disciplined without getting carried away by the market sentiments, by being totally dependent on the basic fundamentals and principles.

I wish you all the best for thinking so much about your savings at the end of your three-year career and for spending some time on Bitcoin. As time goes by, the effects of inflation will become more pronounced and your capital will slowly decrease. If you deposit one million rupees in the bank now, then of course after ten years your one million rupees is guaranteed to decrease to eight million rupees, but if you hold eight million rupees in Bitcoin, then after ten years your eight million rupees can become eighty million rupees.

That is, remember that paper money has inflation, but Bitcoin has no inflation. So you can hold Bitcoin without fear.

From what the OP said, I think it was clear that it is long term hold that op has in mind. Moreover it is really not advisable for newbies to go into trading because such newbie will lose their funds, as they lack the technical knowledge needed for trading. Although the OP isn't looking for short term or occasional gains, so trading shouldn't be in consideration. And we should also remember that holding bitcoin is not a guarantee that we will get rich, as bitcoin is not a guarantee that we will see certain amounts as profits. It is important that investors should invest in bitcoin with open minds, without having too much high hopes, as bitcoin prices don't usually go one way.

Many investors are currently putting their money into investing, they know Bitcoin can hedge against the impact of inflation, it's not a bad idea if you choose to invest your savings in Bitcoin.

In general, we know that fiat currency, its value can fall from time to time, it can also have an impact on the increase in goods due to the impact of inflation, for this reason, as far as I know, Bitcoin can be considered resistant to inflationary pressures. because bitcoin is not tied to the value of goods, therefore the current Bitcoin situation is good as a long-term investment idea.

I agree that you should not put all your savings on your bank due to inflation and low interest rates but I don’t recommend too putting all the money on one basket even Bitcoin.

Much better diversify it to different assets such as stock market, crypto and other investments that is not connected to each other to achieve a real diversified funds.

Bitcoin is currently at 100K and I’m positive that it will still grow in the future. We just don’t know by how much so I preferred a diversified investment but in DCA manner.

Life when you have excess funds looking to invest is all about comparison and the level of risk you are comfortable with taking. It feels like you don't quite understand the level of risks involved, but that's fine because we tend to learn best when doing. There is nothing wrong with diversification, generally people put the majority of their money into index funds which is where the majority of your pension pot is likely to be focused until it becomes more weighted to bonds as you get older. The risk with index funds is because the invest in companies (the stock market) which are subject to normal economic gyrations. Other assets like land, precious metals, cryptocurrency, etc. are more speculative but could give you better returns - think about whether you can have a proportion spread across multiple which could protect you during downturns.

Thinking long term with Bitcoin is definitely the smartest mindset to have but it also comes with responsibilities that many new investors tend to overlook it’s easy to get caught up in the hype when prices are high but the truth is Bitcoin’s strength comes from patience and discipline not quick profit before buying you should always make sure that your emergency needs are covered first because once your money is locked in Bitcoin it’s not something you can rely on for day to day expenses.

Investing only discretionary income is key that’s the money you can afford to leave untouched for years without it affecting your lifestyle or causing stress having a reserve fund is what keeps long term holders from panic selling during price drops it gives you security so you can wait through volatility without feeling pressured to cash out too soon. Bitcoin over 100k doesn’t mean instant wealth it’s still a volatile market and no one can predict short term moves the best way to gain from it is to hold for several years and avoid trading unless you truly understand technical analysis and risk management short term trading looks attractive but it’s where most beginners lose their money because the market moves faster than emotions can handle.

If you're planning to save in Bitcoin then I think you should  think through it properly, Bitcoin is volatile and it's not like your conventional Bank saving where you can just put half of your monthly income in your savings account without much worries. If you must invest in Bitcoin, you should do it with your discretionary income, this way you will reduce panic, it will also help you to invest for a longer period as you will be doing it with ease of mind.

You should spend as little as you can in order to create a puffer.
So you could live of your savings a few years.

This is also a thing to note, many people confuse the two concepts of investing and saving and think they are one. But in reality, it is not so, investing and saving are completely different and have different roles.

Bitcoin is a fairly volatile asset, making it more suitable for investment and speculation than for saving. And one more thing, when it comes to investing, don't just think about the returns but think about the risks, because no investment is without risks. So, in addition to investing with disposable income, we should diversify to minimize risk.

If your savings are falling due to inflation, Bitcoin is no different, but if you have the patience to hold long for many years, then that’s where your savings in Bitcoin will yield you profit.

I wonder if you have already encountered the very popular advice about investing in Bitcoin that “You should only invest what you can afford to lose.” With this, you must be ready to experience a sudden decline in your investment.

When it comes to investing in Bitcoin, it's all about your risk tolerance. Bitcoin can be considered a safe haven, but what if you badly need money and you have nothing but your savings, and you see that your savings are down half of their value because of a market crash, how would you react? You should be ready for any eventualities.

Actually, there are many ways to prevent the decrease in the value of money, because you asked the question here, my answer is "You should invest in Bitcoin". Before making an investment decision, you need to consider several factors such as financial goals, risk tolerance and investment strategy. Bitcoin can be a hedge against inflation due to its decentralized nature, but if you don't have a strategy that aligns with your financial goals, you should be prepared to take on higher risks.

If I'm not mistaken, you currently have a large amount of funds because you have been saving for about three years. Currently, the Bitcoin market is volatile, it might be very risky if you go All In, so when the market conditions are uncertain, try using the DCA strategy to collect Bitcoin periodically while training you to always be disciplined in investing and reducing stress due to continuous price fluctuations.

If this would be your first time investing in anything at all depending on how old you are it will be surprising, I think we should start developing the habit of investing early, owning assets and building tangible portfolio.
Bitcoin and crypto-currency investment is very similar with most investments you already know about.

But since you asked for advice for me I will say you should not base you move off people's advice or get influenced without you doing your own research, have emergency funds for yourself, invest what you can be able to bear if lost.

First I would recommend to diversify your savings into more than one chunks. Investing in BTC is one of the things I'd recommend to invest in long term, but first you need to do a little research and see how cold wallets work and what is self custody. Under no circumstances I would not recommend leaving your Bitcoin on exchanges, custodial wallets, or any other service where your BTC can be frozen for any reason.

Second I'd invest also in gold/silver coins. Look for your local numismatics store for those and consult websites like numista.com to know precious metal content for each coin.

Third you as you said land is also good investment, but look for parcels accessible by road and if you would like to invest in arable land, I'd suggest having some soil tested to know which crops can be planted there. Also look if there is enough sunlight for plants. Arable land can be rented or you can grow crops yourself if you have interest in farming.

You've really pointed out the basic points which maybe a key guide to understand that there's need to invest with what can be affordable to be tolerated during the market price declines that creates Fomo among traders and investors behaviors. While the tips to stay unpanick is when you've only invested with that spare funds that's left over after you've sorted immediate needs. Being in emergency needs in the short term might be inevitable, so you should also have some savings ahead in case of necessity so they you don't have your bitcoin as the only alternative to solve your need if not, you'll be kicked out of your financial position in the future.
Following these tips while you keep consistent on buying more bitcoin with the dollar cost average will help to reach your investment target.
Investing on land is also good to be considered when diversifying.

I really like what you said. As you said, even if you keep money in the bank, its value decreases with time. Now my question is, why do people keep money in the bank?

You said, if I invest in Bitcoin and hold it for a long time, up to ten years, then my capital will increase from 8k to 80k. You are absolutely right. I have seen many people in this forum saying that they have been holding Bitcoin investment since 2015. If I am not mistaken, they have made a profit of about 350 times or more today.

I have read the important advice of everyone in this thread. And I have realized that it is very important to be patient in investing for a long time and be able to accept the fluctuations of the market. I will start but I am not sure what my future holds?

Look, if you want to know the exact reason why people keep money in banks, then you definitely have to discuss the popularity of Bitcoin and how much people are aware of it. Basically, it has not been possible to create maximum public awareness about Bitcoin in different countries of the world so far, especially if we talk about my country Bangladesh, then at most 2 percent of people know about Bitcoin. Those who do not know about Bitcoin, how to invest in Bitcoin, they will basically keep money in the bank and keep it in a fixed deposit. Moreover, another important reason is that people who are afraid to invest in Bitcoin will never invest in Bitcoin and they will always trust in paper money. Those who have trusted in paper money and do not trust in Bitcoin, they will keep money in the bank even if you convince them thousands of times.

Bitcoin is a known asset that secures people's future. You did well to convert your saved money to Bitcoin; you have protected yourself from economic inflation, to have hope of a bright future, because there is no way you would choose to hodl Bitcoin for many years, you won't have profits. Profits to have are based on the amount invested. Just to remind you of that, in case you are thinking of something else, having huge profits in the future, because time has passed when someone would invest with small amounts, they will expect a huge return on investment in the future.

If you are going into Bitcoin to invest your savings due to inflation,  you need to make sure to know Bitcoin investment is a longterm investment and if your money for the savings will be used at anytime, their is no need to to go into Bitcoin because Bitcoin is a volatile assets and you never can tell when you will need your money if by then the price of Bitcoin has drop or increase. But just incase you are prepared not to touch your saving for a very longtime,  then you are good to invest in Bitcoin, because keeping money in the bank which you are not ready to use, it will be affected by inflation and will drop in value,  so the best thing is for you to just invest it in Bitcoin because Bitcoin is a good store of value for money.

You've offered some good advice. Bitcoin is currently over $100,000, so if someone wants to invest long-term, they can still buy Bitcoin and make a long-term plan. They already receive a regular salary, so they can set aside a portion of it for Bitcoin. However, we always need some cash for emergencies.

We never know what the emergency will be. I think an emergency fund can be used in the event of a sharp decline or unexpected downturn. I would do this, but I wouldn't recommend it to everyone. It's more important to keep it for emergencies, healthcare, and other essential expenses, and prioritize it.

Read his argument:

 spending as much as you can has never archived any meaningful amounts.

So you are planning to convert all your life savings into bitcoin because you believe that bitcoin will not lose it's value.

Let me give you my opinion, if you are going to become an investor then diversification is important, it can be gold, real estate and bitcoin too but never put all your eggs in one basket so if one thing goes south you will have the chance to survive but if you invested in only one and it is going down then you may have no other option at all.

Investing in Bitcoin at this time is good.
I will never discouraged anyone from doing it. But if you want to do it, you need to plan strategically and be very smart about it.
Use the search button in the forum to check discussions on how to go about it.
It is always advisable to use money that you can afford to lose. In addition, if you can get other skills that will make you earn higher. And to be honest, Bitcoin will not solve your failing savings problem because it is not a get rich quick scheme. Be very strategic and smart about it.

Saving money is the only way to get out of many financial trap that the society have designed the public and one of the best means of doing it is exactly through Bitcoin because Bitcoin is an asset that have proven to grow immensely overtime and it has given  so many persons financial freedom although many newbies that get into the act have tied up the idea that Bitcoin is something that gets you money very fast but the truth is you will have to save it for long term planning.

land is not a bad choice it will increase over time but you really have to choose a place or a location that would be center of development and also have land that is geophysically safe if that makes sense this means not prone to earthquakes and etc
bitcoin right now is not at its peak we would consider the market to be red actually but this is not a bad thing necessarily you can buy during this time and wait for it to rise again

just keep informed and see what has happened from the past to prepare yourself for the future

It's just a simple logic,put to practice all what you've read about bitcoin investment.Long term investment goal tends to be the most profitable in the bitcoin investment.In my own perspective on how to be mentally strong in the long term is by having a target in your investment goal, thereafter you start as soon as possible by investing with your discretionary income and build an emergency fund,emergency case turns up in the face of your accumulating journey you won't be pushed to withdraw your holdings prematurely.

I would guess that is what most people are looking into. Bitcoin is the best asset and because of that everyone thinks that the best way to invest is bitcoin and we should be doing the same too. We are on bitcointalk forums which means that most people here love bitcoin and if we can do that then there are nothing wrong about it and we can do this.

I get that it is going to be something that will take some time but because we are dealing with what we are dealing with there is nothing wrong with what we have right now. I get that it is not going to be easy to bitcoin investor during volatile times like these where there are prices going up and down, but it is the nature of bitcoin. We have broken over the all time high this month, and same month we have crashed hard.

Bitcoin is a good choice for your investment. However, it is also a high-risk asset so you have to practice proper risk management and be patient as much as possible so you can lessen the risk and avoid possibilities of losing. With that, just invest only an amount on what you can afford to lose, not your entire hard-earned savings.

Reserve some investment funds, separate from emergency funds. That way, you can invest and hold your bitcoin as long as you want, because you won’t worry anymore whenever unforeseen events suddenly happen because you have your emergency funds to take care of it.

Bitcoin investment has the potential to assure you of wealth if you are patient till about 10years.
You must plan how you intend to hold the bitcoin and it is always best to use a cold wallet that is separate from online internet access.
You also have to know how much financial risk you are willing to take and the exact strategy of which dollar cost averaging is better and most preferred above lump sum investment strategy.

All these and more including the security and safety of your investment is paramount because no one would do it for you as compared to commercial banks with managers who do the work for you.

The economy is becoming something else, a lot of people that have saved up their fiat currencies are begining to notice that it's losing value based on inflation, if you consider investing in Bitcoin you must make sure that you have enough that you can spend on the basic things you need and also you must have a source of income, this would help you hodl your investment for a long time without thinking of selling

You're right with the way the economy is and seeing how our fiat currency is seriously decreasing I think one need a steady cash flow because without having a good cash flow or a stable source of income one can't be able to stack enough bitcoin in his portfolio. here in my country the amount they're paying some workers is too small to cover thier expenses that is why majority is finding it hard to invest into bitcoin reason been that after paying thier bills they don't always have enough leftover, the only leftover they have will be used to buy other Minor things. Why  those that have other source of getting money won't find it difficult because they can decide to use thier monthly salary for their bills then the profit they're getting from thier business will be use for thier investment.

Just because inflation is slowly killing your savings, then you won’t prioritize saving anymore? That is a very wrong move. We should never run out of savings, because that will also serve as our emergency funds when everything about our investment is a total loss. Just invest on a small amount first, and when you already master the process, you can gradually increase your capital so you can maximize your future profits too.

Don’t be too focused on your investment but continue saving as well. We don’t know what lies ahead in the future, so we must prepare for it, at least when that happens, our investment and savings are stable enough.

Surely savings will run out one day, that is if you don’t know how to manage your savings. But if you keep pouring on your savings gradually and work on your investment separately, then there’s no reason for failure.

But I have to say, bitcoin is a perfect investment, but I don’t suggest investing all your hard-earned money. Why? Because you may lose all of them in the long run, especially if you are still not inclined with the type of investment you have. So continue saving while you start investing in bitcoin even with a small amount at first. After all, your goal is long term investment so you will continue buying and hodling as long as you can.

I tell people everytime, saving your money in the bank does nothing for you, at the long run you are only doing to end up losing because bank charges are constantly going to be deducted with no profit added to your savings...imagine putting it in an Investment, not just bitcoin, there are other things you can invest in to make money from you just need to make sure that you do your research carefully first

Saving money in a bank is only for emergencies and other needs. I don't think it's appropriate to save money in a bank. There are many other options available, such as investing, but that's like saving for the future, as some investments carry low risk and even the potential for large future returns.
I agree with your statement, but before anyone does that, they should first evaluate all their decisions.

And to the OP, I just want to say that investing in Bitcoin is saving for the future, so the choice is yours. Even with dwindling savings, there's no harm in continuing to invest in Bitcoin.

https://www.tbsnews.net/sites/default/files/styles/big_3/public/images/2024/12/05/wage-growth-below-food-inflation-for-past-31-months_0.png

Food inflation in Bangladesh (November,2024) according to Bureau of Statistics (BBS) (https://www.tbsnews.net/economy/surging-food-inflation-unmoving-wages-clash-consumers-sellers-pinch-pennies-1011156)

OP gave a very good advice but the problem is that most people don't have enough to save or invest. Inflation is eating up their wage that some of them have to borrow to survive. The government is not increasing salaries inline with the rate of inflation. Only those who earn high wages or have multiple sources of income might be able to invest. We have to secure the future, this is why it is important to do all we can to get extra income, save and invest.    

I am really confused when I see some people complaining about banks deducting fees. I want to ask, if you deposit $10,000 in the bank, how much will they deduct per month/year?

I do not deny that there will be some fees we need to pay to the bank when using their services, but they are very small and insignificant. That’s not a big issue. The only problem with saving money in the bank is that the interest rates are so low, it’s not enough to offset currency devaluation and the inflation that is eroding our money.

Inflation and currency devaluation are the reasons why the value of our money decreases over time when we deposit it in the bank, not bank fees.

You have to understand that not everyone can take risk that we're taking. So, if they are conservative and they have chosen to put their money in the bank, let them do that and soon they'll realize that the value of their money there will continue to drop because of inflation. And that will open their minds after experiencing that. While us, we're already moving forward leaving them behind because they have realized it too late for them. But we cannot blame them for being like that because the time comes to those who are seeking for some good investments and want to grow their money.

I mean technically you can choose to invest your savings in crypto (BTC) but before you do that you should acquire a decent amount of knowledge of it and know why is it the big deal! Remember that this is a lengthy process and you might have to wait years before you can spend you fortune. Also know the risks involving it, as it can be fatal, if not handled properly. For example check this post, Hacker hacked 1210000 XRP, which is about $3 million at the current market price (https://bitcointalk.org/index.php?topic=5562873.msg65943043#msg65943043). This guy saved up all his money and bought crypto for 8 years. But after making a small mistake a hacker into his wallet and stole everything in an instant. Lastly if you have a steady source of income, i would suggest you to follow DCA method to accumulate BTC over time.

This is the best thing to understand right now keeping money in banks for emergency is always ok but having mind for keeping money for purpose of saving or investment now never been good idea always keep things balance and have checked things around because now crypto is best option.
Even its never been easy but still good with stability is increasing and peoples trust is also giving good motivation to millions before jumping having enough information and knowledge is always good because without any knowledge it's not good to spend time or money.
Investing in Bitcoin is the best option with having another option could be riskier, but bitcoin will never disappoint any investor due to its potential and value which is going to have new highs in future keep yourself updated and have security measures never disappoint you about your journey in Bitcoin.

Certainly, the saying is true that before you even think of asking a question, chances are high that you already know the answer to that question. When it comes to investing in bitcoin, you don't need much of a validation before you can be able to do so. Others might tell you one or two but at the end, you're the one that will tell yourself the truth that you should invest in bitcoin as much as you're investing in other asset.

As long as building finance is concerned, there's a place of saving and a place of investment and when you talk of investment, we all know how important bitcoin is. As you make your budgeting for all your needs and expenses, budgeting for bitcoin gives you an idea that your future is in safe hands.

I had a story about saving that might be helpful in this regard.

More than ten years ago, my wife owned about 100 grams of gold, worth about $10,000 at the time. She sold the gold and bought a plot of land.
Today, if she sold the land, she wouldn't be able to buy more than 10 grams of gold (because gold prices in my country have risen several times, while land prices have only risen slightly). What a losing trade and a failed savings plan.

I didn't know about Bitcoin at the time, but assuming she had exchanged 100 grams of gold for Bitcoin, she would now have real wealth.

There is nothing everly new here anymore as you can read across here to know what to do, but after first you need to ask yourself simple questions about what you are going into.. do you know that Bitcoin is a volatile assets and it may also go against your plan? Yes most time it doesn't work as someone planned especially when you are not in a haste or hurry to make use of the money. Although for land, the risk is extremely low and the profits is higher but you need something that you can have a total control at than going into something that is extremely volatile. Bitcoin is cool way of investment although you must invest for at least 4-12 years only you could be able to make something reasonable from the investment otherwise nothing for you if go for short term investment as from next year we are facing serious bear market so it would be nice you wait during the bear market you can invest deeply.

Very nice statement, people should understand that investing in any asset is a personal decision, bitcoin investment is one of those investment that that requires investor to be responsible for any action or steps they take,intact people are good at shielding themselves from any thing called responsibility and sometimes this same get confused because they might know what is right but because they think other people opinion truly matters to them before they can decide on what to do, I do not know how complex bitcoin investment is to some people but I feel if investors notcan figure out their discretionary income then such investors has nothing much to worry about.

I understand how you feel OP, because buying your fist bitcoin is always a difficult decision. You always feel like it could go lower, so you wait, but that takes you out of the market. It's always better to be involved than wait in the sidelines because that's going to do nothing for you. That's actually what Saylor did. He saw that it's either bitcoin, or bankruptcy, so he chose bitcoin.

OP knows he's going to run out, yet doesn't know if buying bitcoin is a good idea... The first step is always the hardest, but a necessary one.

Invest a little very month and you'll do good, as long as you're not forced to sell at a loss due to some financial problems. Worst thing that can happen to a new investor is an event that requires a lot of money right now, like your car brakes down and you must buy a new one or you lose your job.

Just think of the savings you have in Bitcoin as your investment and saving at the same time. With that thinking, you're not going to think a lot of volatility even if they are.

And, for now, don't think about a lot of things. You only have to show yourself started with it and so that you're already good to go.

I think that you know what you are doing and that's why even if you've asked some specific things, you have an idea of what you should do.

Inflation is every and one of the factors of its destruction is that it affects the value of the currency because things will become expensive in a way and a lot of people are even living below the minimum wage which makes things more difficult for them and people in that category how do they save or even invest. And I don't think increasing salaries can even help because the moment salaries are increasing, things will still increase in price and that is why in situations like this the solution have to come from some difficult situation, and trying to invest so that you can create multiple source of income that is the only way. This issue of inflation to me it's global.

Saving in fiat is never the best thing to do, you could save in fiat for the short term, in order to accumulate funds and channel them into bitcoin or gold or whatever store of value you think is the best option for you. The bank can only offer you a meagre, inconsequential annual percent returns on your deposit, i am sure that's not what you want.

We all started investing in bitcoin one day, so i understand it can be a little bit hard to make up your mind and start your bitcoin journey, but i promise you, it becomes easier over time. Particularly when you watch inflation numbers rising, but your fund is in a reliable hedge, so you are not worried.

Not everyone have the knowledge of investing their money into something meaningful that will yield profit to them I feel like it is the reason why people result to saving their money in the banks without minding the charges that will come as a result of keeping the money there and to some people they are afraid of investing in a business because of the risk of losing their money because of lack of business ideas and the fear of investing in a wrong business. For those who understands the importance of investing in a good business, you can't see them keeping money in the bank they will always make their findings then invest their money because it gives them more value then to keep it in the bank.

You can start by allocating your funds to buy Bitcoin.  If yo are ready, and the fund is ready, you can either choose a P2P transaction or use an centralized exchange to buy Bitcoin.


Just be balance, you also need to know the market movement of Bitcoin, how crazy it spikes and crash during bull market and bear market.  You should also prepare yourself for a long term holding, so it is best that you have a separate funds to support your daily needs and emerency needs.


Just trust in your decision. Learn more about the volatility of Bitcoin, what drives its volatility.  Get serious in learning the Bitcoin market together with its economic impact.  if you learn about the wonders of Bitcoin, I believe you can stay mentally strong more than the long term you are thinking of.

You’re making a good decision, don’t let all your savings just sleep in the bank, invest in bitcoin now. But as a friendly reminder, do not invest all of your hard-earned money into bitcoin, that’s a very risky move. Invest only a portion of your savings, an amount that you won’t be using at the moment. And when you invest, do not compromised all your savings, continue to save for your emergency needs in the future. When you have a stable emergency funds, your bitcoin investment will remain untouched, and that’s very ideal for someone who sets bitcoin as a long term investment or even as a retirement plan.

I have seen your high interest to invest in bitcoin, and I have to say, you’re in good hands with bitcoin as long as you practice proper risk management and patience, because these are the keys to be successful with a volatile investment like bitcoin. However, I would not advise you to spend all your life savings for the sake of bitcoin, bitcoin is still a high-risk asset so one should only invest on an amount you’re comfortable to lose, or an amount that you won’t be needing real quick.

Saving also plays a vital role in creating financial success and stability, so one shouldn’t overlooked the importance of saving.

I bet to disagree when you said it’s okay to invest his life savings straight to bitcoin. There are still no guarantees that bitcoin will continue to increase its value for such a long time. Although we believe on it, but it’s because we develop faith into bitcoin, but hey investing all the life savings into bitcoin, this is certainly not a good decision to follow.

My point is, it’s good to invest in bitcoin but only with a manageable amount. That way, we can still expect decent amount from bitcoin in the future, and at the same time we still have some good amount of savings left in the bank not just for emergency funds, but for personal needs in the future.

Usually every one investing from free money not saving fund, all investment can't guarantee increasing fund or amount later although we are investing in bitcoin always have high risk price up and down. But avoid from inflation values I think right decision for investing in bitcoin if invest when price dropping, investing at fomo moment when bitcoin raising higher price I think not avoid from inflation values of your saving but also get risk for decreasing investing amount.

Firstly if want investing saving avoid from inflation, set up risk management and investing at the right time don't be hurry if want earn much profit later by investing in bitcoin. Many people just investment because trend moment only without seeing bitcoin have raise higher price and won't patience waiting for few moment later when bitcoin correcting.

 Bitcoin is not something to wonder about on how to invest or take long time decision before starting, because everyone of us here also once took a step of faith to trust and started somewhere and here we are today, no regrets, let me tell you, once it's all about investments this is the only most affordable one you can start by any chance without going through a centralized economy or being restricted by regulations, with any amount, you can start in Bitcoin on your own and have control over it, just go and learn to achieve all these.

Although saving does not bring big returns and cannot protect us from inflation and currency devaluation, it is safe. Meanwhile, although investing can help us fight inflation, bring huge profits or even become rich by investing. But investing is risky, any investment has risks, be it gold, real estate or bitcoin, and no exceptions.

So, once we decide to move from saving to investing, we should consider the risks, and the solution to that problem is to diversify our portfolio. Diversity is necessary so that we can minimize risks to the lowest level.

I think the real risk is having no investment and keeping funds in the bank. People are always welcome to invest based on their risk appetite. For example, someone 60 years and above would consider investing in gold and bonds, rather than crypto. And even if they want to invest in crypto, it will be only a small percentage of what they have. As long as it is a good investment, it is okay and much safer than keeping funds in a bank and watch it lose its purchasing power every day.
Diversification is great, particularly when done right. Some people believe diversification is buying bitcoin and other altcoins or buying shares in different companies. There is nothing inherently wrong in doing this, but if you must diversify, the assets must not share inherent properties. So diversification should look like this, bitcoin and gold. Stocks and bitcoin. Real estate, stock, bitcoin, silver, bonds. Etc.

It's fine if you plan to invest in Bitcoin for the long term. I don't think we need to complicate things by waiting for a deep price correction.
The savings we're referring to should be clear. In life, we do need savings, and they should only be a small amount. For emergency funds and a small amount for life, I don't think they're that important, so it's better to invest for the future.

I see the doubt in your mind based on your statements. I suggest consulting someone who can enlighten your mind, a financial expert who could give you proper advice. If you are uncertain about your decision to invest in Bitcoin, it will cause you distress, and the worst-case scenario would be selling at a loss. I don't want it to happen, and I believe that you need to build confidence first before making a try. Besides, you don't need to rush. It is better to put your money into the investment that you fully understand rather than putting it into something you feel doubtful about.

Learn bitcoin and buy bitcoin. Avoid any cryptocurrency outside bitcoin. Fiat is the worse way to hold your savings, keeping all your money in banks will be charged, and still suffer inflation after many years of holding.

If you are ready, begin by learning about bitcoin and best ways of storage, understand about security and privacy. Learn the strategies, when to use them and how important market crashes can be beneficial instead of complaining.

Stay active in the forum.

Saving fiat money in bank account is just stupidity, I see many people do that like save a part of their salary for over a year or two to buy gold in a bulk which is very common practice in India but they simply forget the inflation that is why they can just buy the gold coins which is cheaper than jewelry and also they can buy digital gold which is more convenient these days.

Coming to bitcoin, it is different level of risk, one who buys gold may not be ready for the volatility of bitcoin sot hey should be aware of the volatile nature before buying it.

You can start investing in bitcoin at any time and implement a DCA strategy so that you can get a good average price.

To manage risk, you may want to learn while holding on to your investment, because investing in bitcoin carries little risk as long as it is for the long term. Given that the general cycle of increase can be 2-5x, it is best to invest in BTC for at least 5 years or more.

To develop a strong mindset, don't panic when the price of Bitcoin drops; instead, see it as an opportunity to accumulate more Bitcoin.

I know maintaining a strong mindset isn't easy, but at least you can learn over time.

Unfortunately it's true that we do need savings time to time, and I have known to cash out. But it should be money that we do not need all the time, we should be focusing on emergency only. Meaning, if you need your savings every month when something you want to buy gets a discount or something then that is not savings, we are talking about like medical emergency, or something like that, very last resort type of way.

Aside from that savings should stay as savings and then you should be saving your money in bitcoin. Not some memecoin, not some altcoin that is "next eth" or whatever, I mean bitcoin. If you keep doing that for long enough time then you are not going to have a bad result at all, you are going to end up with a great result and will do fine.

Whether you go into land investment or Bitcoin investment, just know that you will definitely be profitable in the long run.... If you choose  to invest in Bitcoin, it's is not advisable to invest all of your income or the saving that you claimed to have saved. It is very necessary to keep some of your savings in fiat in case of any emergency situation.... This is coz if you invest all of your savings in Bitcoin and maybe an unforseen situation arises, you may be forced to sell your holdings probably at a  loss, and this may lead to regrets.

It is always better and more profitable to invest your money in something that will give you profits in the future than to save it, saving money especially in Fiat has been a thing of the past ever since I got to know about Bitcoin but that doesn't mean that you won't have a little savings in Fiat currency because you might need it urgently. If you want to invest your savings in Bitcoin then do it but don't use all your savings to invest because that's putting all your eggs in one basket and might may regret it later because Bitcoin is not always stable.

Every person should have savings. If a person does not have financial freedom, then he will never be able to live a good life. Everyone tries to accumulate savings according to his ability. If someone can take far-sighted steps in making decisions, then he can be in a much better position than other investors. If someone invests in land, then he will benefit, but he must also give due importance to the return on it, considering the time. Currently, investing in Bitcoin is the most profitable investment than any other investment. If those who are saving money invest only in Bitcoin for the long term, they will definitely be able to benefit several times from that investment.

You don’t invest all your life savings, but invest only with your portion of your funds most especially that you are still in the beginning process. And do DCA regularly with your spare money, that way your bitcoin investment will grow without compromising your hard-earned savings saved in your bank account. And just be patient the whole process, so that you won’t feel bothered and distracted, and you will feel emotionally, mentally and financially healthy all throughout your long term investment process.

Savings value falling due to rising inflation is a problem that everyone has. Hence the look for alternative methods of investment including bitcoin. It is why many people are on this forum, they are also looking for same avaenues.

I can suggest saving fiat to some extent and keeping the rest to bitcoin. It can at least make sure you are fully invested in what you could.

Make sure to buy precious metals, bonds and securities too.

Bitcoin investment involves high risks, due to volatility, especially if you are looking for returns up to few years. You have to be aware about the possibility your money loses value in case Bitcoin drops. That is a real possibility for those who purchase BTC right before a bearish season starts. So you have to be prepared to hold for the entire season until Bitcoin gets bullish again.

You should consider another alternatives as well. To just save money isn't enough, but maybe you can have access to a banking investment which pays interest above inflation rates. Then you can diversify your savings between Bitcoin, fiat investments and even a side business.

You know, you're good at assessing things that happen to you, particularly with the money you set aside, and you are also very observant of what's happening in your life, OP. That's proof that you have a vision that other people don't see. And it's also true that even if you can accumulate large savings, its value will really decrease because inflation will eat it up gradually over time.

And since the long-term is what you have in mind, OP, it's good to use your savings for Bitcoin if it's for the long-term. You shouldn't use your savings if your reason is only for the short-term; that's not recommendable. Although land or real estate is also a good investment, you can also divide your savings into two: first for Bitcoin and then for real estate,
but of course, it is still your choice that will ultimately be followed.

If you're thinking about investing in Bitcoin, it's a good move. I believe those who understand Bitcoin and invest and profit from it are a step ahead of those who don't. They may even be successful in other areas as well. We should prepare for our future as best we can, whether by saving or investing, because only we can determine what our future holds. If we're still lazing around without thinking about the future, don't be surprised if it turns out to be less than pleasant.

Yeah, investing for the future is a lot better and we can make so much money from it. If we just keep putting money aside and do nothing with it and wait for the bad days, eventually those bad days will come and you will not be ready for them, because putting aside money means that money will devalue and it will most likely will not be enough.

But, if you invest into bitcoin then you can do a lot better and results will show up. It's very important to make that difference and you should try to get as much out of this as possible to get that kind of return. When you do that, bitcoin will go up, and when you need something then you can cash out and make a lot more money that way and could get a lot better result without much trouble at all.

I believe you are quite lucky and have never faced any major crisis in your life. Because those who have experienced shock, terrible crisis because of unexpected things in life or have witnessed it. They will never underestimate those funds, they will understand the true importance of savings and an emergency fund. They will even prioritize it over future investments.

Think about it, how will you hold your investment? If you have a serious problem and need a large amount of money, while your emergency fund and savings are very small because you think it is not important.

There are taxes everywhere. Inflation is another form of taxation, and people don't understand it. They save their money in banks, but the money loses value by sitting in the banks. It is known that most fiat savings would be eroded by inflation. I won't give you any financial suggestions. But you will have to look for better alternatives than the fiat savings on the banks. You could invest in Bitcoin if you want, you could invest on Gold, silver or other metals that unlikely to lose value in the near future. Most fiat currencies are losing value at this moment. So if you were thinking to invest in Bitcoin, do some research and go for it.

You already understand that saving alone isn't enough without a strategy to maintain or increase your wealth. Regarding investment options, it's true that land has a relatively stable value and typically appreciates over the long term, but its liquidity is low, requiring significant capital. Meanwhile, Bitcoin is a highly dynamic asset with the potential to offer substantial returns, but it is subject to high volatility. It's important to understand that Bitcoin isn't a quick way to get rich, but rather a long-term investment that requires patience and diligence.

When investing, the key to managing assets is portfolio diversification. Don't put all your funds in a single investment, it's better to spread them across other instruments. Furthermore, because Bitcoin is highly volatile, patience is key and you should remain focused on long-term investments. By being patient not getting carried away by emotions, embracing fluctuations, and maintaining discipline, you will indirectly develop mental strength for long-term Bitcoin investment.

This is good advice. Essentially you shouldn't keep your money in the bank because it will be eroded by inflation. Having this mindset is actually good, but you just need to look for other alternatives you can master, whether it's gold, silver, or bitcoin. The important thing is that you master them well.

When the OP asked in this forum of course other friends answered to invest in bitcoin. However if you haven't mastered it well, other alternatives are highly recommended. My point is, OP as a beginner shouldn't rush into other people's advice. You should think carefully and study thoroughly before investing in bitcoin because bitcoin carries high risks, not only because of price fluctuations, but also because there is the potential for loss if you don't store it properly.

what are you hedging against? Land insurance against currency failure and physical independence. Bitcoin protects against institutional capture and provides you with an exit liquidity. Varied threats, varied tools. The risk-taking in your life should be roughly the same as your life structure. Three years of savings as a salaried worker? Your fuck-you money, your medical emergency fund, your the company restructures and you need six months buffer. Bitcoin has the potential to maintain value over the long-term, and it can also fall 30% the month you need it. Would you be able to survive that psychologically and practically?

When you have invested a sum in which a 70% drawdown causes you to check the price every hour, you have already failed. Those who made it were not more powerful-minded. They had better math. Begin small so that volatility becomes dull

Taxes appear in many shapes and inflation is one that hides in plain sight when prices rise and the value of money falls the cost is quietly taken from everyone’s savings people keep their funds in banks believing it is safe but safety does not mean growth the longer the money sits the more value it loses and what looks stable today can buy less tomorrow that is how inflation slowly taxes without permission. To escape that silent loss people search for alternatives gold silver and bitcoin often come up because they hold value differently they are scarce or limited in supply and that makes them resistant to the printing of more fiat money but these options also demand understanding before trust gold and silver move slowly and carry their own storage issues bitcoin on the other hand is fast digital and independent but it also swings wildly and demands knowledge of wallets and private keys.

For anyone new to investing rushing in because others say so can become dangerous the excitement of opportunity easily hides the risks learning first is what protects capital mastering what you choose whether it is metal or crypto gives you control and confidence without that knowledge every decision becomes gambling not investing.

Yeah, that vision and understanding of finances is the most crucial step getting into investment. When you realize that your money doesn't buy the same things and you want to do better then that is the way to move forward. Many people miss that and they are not careful about it, I personally suggest staying away from this as much as possible so you can do a fine job.

I do not get that it would be a bad thing to do, because when you take that first step, which for me was buying bitcoins, then you are going to realize how much value it would bring. I think that is the most obvious way of moving forward. It is not going to be easy at all, but it could be something that would mean a lot more than what we are facing right now, shouldn't be worried about it at all.

You're right, most people don't understand that when the prices of goods and services increase, it's because the government wants more taxes on those goods, both on their import and on their sales in the country. If you ask a vendor, or even a company, why they keep increasing the value of the products they produce? They will simply say that it's because the material and stuff they import to produce the products are now more expensive because of taxes, and they will surely not keep selling at the same rate, because that will make them lose money, so they increase the price and leave the people to suffer.

When we talk about fiat currencies, those who have the right keep printing more money thinking that their government is going to have more money this way, but they don't think about how the value of the currency will keep falling if they keep doing that, because if a currency has a very high supply, it's most likely going to have a lower value because the value of a currency or asset is inversely proportional to its supply.

Investing into bitcoin right now isn't a bad idea, and worst case worse, keep saving and do DCA for your bitcoin and you should be doing fine. Many people end up with nearly nothing and we can definitely do a lot better return. This doesn't mean that we are going to see this be a big issue, of course it will take some time for many people to make mistakes when living life, because we overspend and get in trouble financially, so when that happens it's good to have bitcoin on the side as well.

It's a great way of making money and will allow you to get a great return on your investment as well. Most people do not feel like that's a good thing at all, we should be expecting it to reach a point where it's not going to matter that much, we shouldn't be bothered with any other asset.

I want to believe your earning in 4 or more figures from the way you are saying your hard earn money. I'm not saying don't invest in Bitcoin but you are having high expectations with your savings if you dive into Bitcoin but don't expect a miracle over your investments if you don't have high money to invest. I'm not saying you can't have a return on your investments but reduce the expectations, if Bitcoin doesn't make $1m per Bitcoin from here, you will barely make less than 10x.

Another thing you need to keep in mind is understand that the Bitcoin isn't always like you may predict. Try as much as possible to avoid trading. Last two weeks, ordinary trader with 2x leverage had their balance liquidated. Didn't know how that happened but it was so terrible. If you buy any Bitcoin, don't keep them on the exchange, withdraw it to your personal wallet preferably a hardware wallet for your safety, don't use a software wallet if you don't need it.

Why not? Everyone is free to invest into bitcoin, but not everyone should expect that their bitcoin investment will all come to profits. It takes time and patience, to understand all the basics and learn the process.

Now if you have good amount of savings that are totally affected by inflation, invest but do not put all your life savings into bitcoin. You can invest into other assets as well that suit your knowledge and skills, but you can also continue to save while waiting for bitcoin investment to pay off and reap what you have to sow. Having a good amount of savings is also of high importance, one should never disregard about the value of savings.

Bitcoin can make you ruin your mental and emotional peace, but if you know how long term investment works with bitcoin, it will be easy for you to manage the risk and still remain calm and patient all throughout the process.  But learning takes time, and just ride whatever the market condition, buy when there is an opportunity to buy, and take time to sell as well a portion of your bitcoin when there’s a good opportunity to sell, but always avoid panic selling, otherwise you will only regret for a wrong decision making, while partly blaming yourself for the loss.

Actually, if there is a desire to invest, it is good, not only in Bitcoin, but what you said is true, it is not a good decision to invest all your savings in Bitcoin because no matter how we live, sometimes we need money which is sometimes needed when in urgent situations, even if we have two financial savings, namely savings and reserve funds, but that does not mean that all of these savings can be invested, maybe using only a part of it is better, what we have to remember is that greed can sometimes be disastrous.

Alternative investment sources are always safer than fiat money. Long-term investments should never be made with fiat money. This is not an investment, but rather savings. Moreover, the two are completely different things. If we're looking to invest, I think Bitcoin is the most valuable investment tool right now. I also believe its future is bright. Furthermore, as you mentioned, other assets like gold and silver may be better alternatives for preserving money and avoiding inflation.

OP, someone advised you to buy land which is not bad advice, land price will gradually increase a lot. Don't know which country you come from? But there is a lot of demand for land in my country, which is increasing in price with time. However, buying land requires a lot of money at once, so if you don't want to take too much risk and if you have enough money you can buy land, if you want to take risks you can invest in Bitcoin, and investing in Bitcoin doesn't require much money. Now investing in Bitcoin is more profitable than land, but Bitcoin is more risky in terms of risk. However, it seems that you are interested in investing in Bitcoin, so if you want to invest in Bitcoin then you can start investing in DCA strategy with long-term planning. And don't forget to save emergency funds. Finally, you decide to invest by researching more about Bitcoin.

Saving isn't inherently bad, but its value will be eroded by inflation. My advice is that saving and investing are the best ways to go, as they both serve different purposes.
Savings are meant to be an emergency fund that you can use when you really need it, even unexpectedly. Furthermore, your investments aren't used because you have savings or an emergency fund as a buffer.
Investments are meant to generate profits for your future, and you do them for the long term, and their value will continue to increase, such as Bitcoin, gold, property, and the like. However, when it comes to profits and assets that can truly maintain their value and be highly profitable, Bitcoin is the best. The most important thing is that you understand and have knowledge of the basics, as well as its track record and potential, which motivate you. As for knowledge or other things, you can discover or learn them over time. The most important thing is that you are consistent with long-term goals that support your growth without having to start from scratch.

This is true but you need to know one more thing, the higher the profit the higher the risk. No asset or investment can give you high returns but you will be completely safe with it. Investing in real estate may not give higher returns but bitcoin is much riskier than real estate. 

Also, profits will be determined by your knowledge, capital and experience, not by assets. The proof is that many people do not need to know about bitcoin but can still get rich through other forms of investment.

Even though bitcoin has more potential, if you invest wrongly you will go bankrupt faster. So, depending on your preferences, risk tolerance and knowledge, you need to choose the form of investment that suits your ability. Don't invest based on other people's advice because you and they are not the same in capital, knowledge and taste.

By the way, if you want fair advice, you should go to financial, economic forums. This is a pure bitcoin forum so don't be surprised that most people recommend investing in bitcoin over real estate or other assets.

If we save in fiat over time, we are wasting our time and the value on what we are saving, because inflation is going to be effective on them and reduced their value with time, while bitcoin increase in the value of any asset you have in it over time, the choice is ours, we may have to decide on what we wanted, just that some still don't have the full idea on the difference of Bitcoin long time investment to that of fiat.

Investing in Bitcoin is sure a  good option,it can protect wealth overtime.It'll be good to not go all in at once,start  small and remember to store safely using secured,legal and reputable wallets.Alongside,if you believe in diversification of income,there comes financial safety.Think of Bitcoin as part of the financial plan/balance not just a quick remedy.

Now is not the time to accumulate fiat money because inflation is getting worse every year, even if we save a large amount every day, week or month in the long term, but if we calculate it based on the annual inflation increase, we will still lose, so to reduce the resulting impact we must immediately invest in assets that can maintain their value, gold and bitcoin are two assets that can provide what is resilience and these two assets have proven it, especially bitcoin because besides being able to maintain the value of bitcoin, it is also able to provide much better profits in the long term.

You are right that saving cash in the present time means gradually losing the value of money. We should keep our money somewhere where there is no fear of inflation and the money grows over time. In this case, you mentioned buying land and buying Bitcoin. Land is basically a stable asset but one aspect is that land cannot be sold easily if there is a sudden need and there are legal complications in buying and selling land. From this point of view, Bitcoin is somewhat advantageous than land because it can be easily transacted. However, one problem is that the price of Bitcoin fluctuates but still it will be an effective medium to save it in the long term. If someone wants to invest in Bitcoin, in this case, he should keep in mind the price fluctuations and continue to invest patiently without panicking. Even if you start with a small amount, if one can maintain a regular and long-term perspective, then it is possible to create large assets from these small investments later.

Only those who are not aware of the current generation will understand that it is a waste of time and money to leave money in an account without making any investments because things are becoming more and more valuable. When your account balance is growing, it will reach equilibrium. The only way to keep that equilibrium is to invest in a specific business, of which bitcoin is the easiest to do so. Purchasing real estate is also a good idea, but it takes longer to make money than investing in bitcoin.

As for me, I won't even suggest that anyone invest in real estate now that Bitcoin is available because it is more favorable in terms of profit and selling speed. We all know that Bitcoin isn't a get-rich-quick scheme, but it is also more advantageous because it is easier to sell.  You still have a higher chance of making more money than waiting for the land to appreciate, even though the price of bitcoin is not as stable as that of real estate. As the question is asked from op choose bitcoin for investment.

Saving are good and all people are doing this but if you are saving money for the long term then that is not good step because you money is losing the worth and prices of things are going up . Bitcoin price is 30 to percent up from the 3 months ago and if someone invested in that he could get profit from that investment because he should invest at proper time when market is going town and we know that after that market will go up and we will get profit from that . Many people are saving in the home and they are thinking that it is safe and they have money for that bad time if any mishap happens . But they  have to think on the modern days and modern people are doing modern thinking and investing more online. Bitcoin is best option with knowledge but they should know the basics of crypto and should know for many times they should invest money.

Another fake newbie, I guess, the story seems to be completely made up...

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Bitcoin is not something that retains it's value against inflation, it is an individual thing works based on it's own demand and supply and if the fiat is completely fails and people found something else valuable to trade with bitcoin, then they will.

What is your plan is something that you need to tell us, no one can create a plan that will work for everyone. :P

Make sure you invest what you can afford to lose in BTC, because you have a risk to take which you don't know what will come out from the risk.  There is long time hodling and short time hodling, I will advise you to make your choice wisely, because you will earn profit from the two, but the profit will be bigger than each other. Long time hodling earn big profit more than short time hodlers but long time hodlers use pretty money to invest compare to short time investors that are using small amount of money to invest in BTC.

It will help those that want to try long time hodling, because there is a benefit for those that invest big amount of money they can afford to lose in BTC and hodl for long years, and it will multiple their profit when the bull run occur.