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Author Topic: Bitcoin savings vs fiat savings  (Read 241 times)
Zigabel
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February 03, 2025, 02:25:51 PM
 #21

Me I prefer bitcoin savings as e go really help a lot, person wey dey try run the bitcoin savings den this news wey you talk about come happen,  you go see say the person go dey at advantage and go make more money and bitcoin savings dey help fight inflation but with Fiat you go still suffer inflation when e happen.

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DragonF
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February 03, 2025, 02:49:58 PM
 #22

No matter what, I will always choose to save bitcoin. After a while, fiat savings might not provide a respectable return, but bitcoin savings do. You can see your income fluctuate between rising and falling with bitcoin savings, but generally speaking, the curve moves upward and the bitcoin hodler tends to make more money. Bitcoin hodlers, in my opinion, do not lose money despite the volatility of the cryptocurrency market because, in the long run, bitcoin always rises, and its value will follow suit. Static income has no place in bitcoin savings.
 
Olatundespo
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February 03, 2025, 04:24:13 PM
 #23

Me I prefer bitcoin savings as e go really help a lot, person wey dey try run the bitcoin savings den this news wey you talk about come happen,  you go see say the person go dey at advantage and go make more money and bitcoin savings dey help fight inflation but with Fiat you go still suffer inflation when e happen.
By accumulation Bitcoin you are on the right track which will bring positive results for you in the future. I am also more focused on saving Bitcoin because of the possibility of its value increasing over time which is not possible with most of the scammed shitcoins. f you analyze the market for the last two days, you will see that most of the coins have been dumping extensively and if you have investments in those coins you will see that 50%-80% of the capital has been lost. This market situation leads you to long-term financial losses. Considering that if you have a continuity in saving Bitcoin, the ability to recover temporary losses gradually increases in you and the possibility of getting a decent holding at the desired time and high profits.

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February 03, 2025, 05:13:47 PM
 #24

Saving Bitcoin has always been a good idea. Because Bitcoin always grows over time, no matter how much inflation happens.
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February 03, 2025, 05:48:28 PM
 #25

Hodling fiat na bad choice for anybody, you suppose hodl fiat wey you need to settle certain bills and for some kind emergency, no more than that. The wealthy no dey hodl fiat na, it even becomes worse when you are hodling the currency of a third world country like Nigeria, na that one foolish pass. Even if you no wan hodl bitcoin, there are other assets, we get real estate, gold dey, silver dey, bonds dey, investments plenty, just hodl wetin dey appreciate, no be wetin dey dump due to inflation.
Person wey the hold fiat as in form of savings no just understand the devaluation him the give to him financial power, because as time the go on nah so that money the losing purchasing power meanwhile if nah asset like bitcoin nah in profit it go just the add to your portfolio as you the hodl for long.

People way under the economic system right now don rush hedge their money into assets wey get retainable value and them the only want to go fiat only when them get business deal to strike using fiat or them wan purchase stuffs that demands fiat, but them no think to starch am as it was in back days.

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