richardsNY
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Activity: 1232
Merit: 1091
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December 07, 2015, 05:51:11 PM |
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Save money doesn't generate interest
better to invest it !
Like me, I'm investing into bitcoin and I can make some profit by trading them to various exchanger
Putting your money in a bank savings account earns you barely 1%. It's definitely not worth it. In this case Bitcoin is most definitely the best possible investment with so much room for growth. |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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raaajlucky
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December 08, 2015, 03:24:57 AM |
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I think that is good both
50-50 Invest and save half
I put more money in gold than bitcoin because I trust gold more than bitcoin. I invest money in bitcoins to make some quick profits but gold is for long term profits. |
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Betwrong
Legendary
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Activity: 3276
Merit: 2151
I stand with Ukraine.
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December 08, 2015, 08:58:43 AM |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
The thing is to save your money you should invest them. Due to inflation if you just keep your money in a bank you are losing part of them anyway. Where to invest is a hard question. As we all know you might lose up to 40% of your money investing in gold (take the period from 2012 till now for example) and you can lose up to 70% investing in Bitcoins (take the period from Jan 2014 till now for example). Personally I think that Bitcoin will never drop to such an extent again, but that's just my opinion, I may be wrong of course. |
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winspiral
Legendary
Offline
Activity: 1778
Merit: 1026
Free WSPU2 Token or real dollars
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December 08, 2015, 09:04:26 AM |
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Compare saved money and invested money...and you have the answer from your self...
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italianobitcoin
Sr. Member
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Activity: 370
Merit: 250
Forza Italia
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December 08, 2015, 01:18:58 PM |
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If you are able to invest, I would say invest into bitcoin as much as you can and just hold. Don't invest all of your assets into bitcoin though.
It's best to safe some and invest some.
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knowhow
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December 09, 2015, 12:00:33 AM |
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I had thinked into a loan from bank last week but well if i had made it i would be very happy todays as bitcoin keeps going up ,even getting down looks like the new stable price will be 400 dollars ,soo slowly growing.
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turkandjaydee
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December 09, 2015, 12:14:37 AM |
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invest for sure. money just gonna value less overtime.
Invest in gold or land or bitcoin.
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erwin45hacked
Legendary
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Activity: 1064
Merit: 1000
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December 09, 2015, 02:23:00 AM |
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The thing is to save your money you should invest them. Due to inflation if you just keep your money in a bank you are losing part of them anyway.
Where to invest is a hard question. As we all know you might lose up to 40% of your money investing in gold (take the period from 2012 till now for example) and you can lose up to 70% investing in Bitcoins (take the period from Jan 2014 till now for example). Personally I think that Bitcoin will never drop to such an extent again, but that's just my opinion, I may be wrong of course.
Rather then investing in that, there are some good options like deposit account where you get more interest than inflation rate. You are not wrong on this however the question is will bitcoin maintain what its worth in the ten upcoming years? No one knows how the future is but according to calculation and data it should live. |
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XinXan
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December 10, 2015, 04:35:38 PM |
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invest for sure. money just gonna value less overtime.
Invest in gold or land or bitcoin.
Is it really? How do you know? Money as a whole can't lose value, if dollars go down, euros go up and if you had euros the value of your money is going up basically, gold can go to shit too, you never know. |
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junglist.massive
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December 10, 2015, 04:44:42 PM |
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split it.
Dont put all eggs into one basket. Save some and invest some so you can diversify your incom and be prepared for everything
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davinchi
Legendary
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Activity: 2100
Merit: 1058
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December 10, 2015, 04:48:11 PM |
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split it.
Dont put all eggs into one basket. Save some and invest some so you can diversify your incom and be prepared for everything
You are right. But practically it seems impossible for many people to save at least some money all the months. It's the problem not only myself facing, most of my friends also facing regardless of how much everyone is making on monthly basis. I believe on bitcoin, it will provide some drastic changes into my life financially. |
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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December 10, 2015, 10:27:03 PM |
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split it.
Dont put all eggs into one basket. Save some and invest some so you can diversify your incom and be prepared for everything
You are right. But practically it seems impossible for many people to save at least some money all the months. It's the problem not only myself facing, most of my friends also facing regardless of how much everyone is making on monthly basis. I believe on bitcoin, it will provide some drastic changes into my life financially. Saving money and investing it is a luxury... only a small % of world population can afford to do that, so being able to buy 1 BTC monthly would put you into a big elite of lucky people, which translantes into pretty much rich in a couple of years if you hold long term. Resources are limited, so are the number of Bitcoin. |
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traderbit
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December 10, 2015, 10:32:51 PM |
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In the past i always wanted to invest and experiment with the money.
Because i wanted to see more opportunities to invest and get the money back at least (if no profit).
But for now as the bitcoin price is increasing i prefer more to save and hope to sell when the price reaches the top.
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CryptoBeauty
Newbie
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Activity: 30
Merit: 0
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December 10, 2015, 10:47:48 PM |
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Well, depends on your financial situation. But most likely it's much better for you to save the money over saving it.
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junglist.massive
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December 10, 2015, 11:05:10 PM |
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split it.
Dont put all eggs into one basket. Save some and invest some so you can diversify your incom and be prepared for everything
You are right. But practically it seems impossible for many people to save at least some money all the months. It's the problem not only myself facing, most of my friends also facing regardless of how much everyone is making on monthly basis. I believe on bitcoin, it will provide some drastic changes into my life financially. Saving money and investing it is a luxury... only a small % of world population can afford to do that, so being able to buy 1 BTC monthly would put you into a big elite of lucky people, which translantes into pretty much rich in a couple of years if you hold long term. Resources are limited, so are the number of Bitcoin. agree but when you start from small steps your wallet will be bigger. Even couple of bucks weekly turn into hunders and you will be prepared for situation that allow you to earn some bigger money (like price drop) |
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Sturgeon
Sr. Member
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Activity: 392
Merit: 250
ドラゴンスピ
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December 11, 2015, 03:36:21 AM |
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before you choose the option you must make a "plan" for future
i need cash (local currency) to build small bussines, and i save my money for future
but im sure bitcoin is future of money and bitcoin would be succes in future so i invest 25% of my saving plan.
so my option 75% save and 25% invest
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"The economy depends about as much on economists as the weather does on weather forecasters" Jean-Paul Kauffmann
"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway" BlindMayorBitcorn
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steveds
Legendary
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Activity: 966
Merit: 1000
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December 11, 2015, 06:58:33 AM |
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before you choose the option you must make a "plan" for future
what will be the foundation for that plan you are talking about ? speculation done on a forum ? i need cash (local currency) to build small bussines, and i save my money for future
that is appreciating , you would have a backup in case of major losses. but im sure bitcoin is future of money and bitcoin would be succes in future so i invest 25% of my saving plan.
what gives you the assurety for the success of bitcoin or increase in it's price ? there is none and people should not invest something that could have a serious impact on their life. |
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ftwbtc1
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December 11, 2015, 07:02:32 AM |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
It really depends on what your goals are. You can't save your way into real wealth. If you really want to be wealthy, you must take risks and often times that means investment. If your goal is to diversify your asset classes, I would encourage you to place a percentage of your fiat into bitcoin. Truly the best ways to go are to invest in businesses, but they must be well researched, thought out and you must have a clear path to get back your investment and make money long term. Good luck |
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shane
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December 11, 2015, 07:27:51 AM |
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i will choose both of them but i will save some for fun, to enjoy this life with my family  I divide my spending into 4 parts -save -invest -daily cost -fun do not be too serious in this life, enjoy it |
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EdenHazard
Legendary
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Activity: 2674
Merit: 1048
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December 11, 2015, 10:54:47 AM |
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I think that is good both
50-50 Invest and save half
nice idea,its also my way to get some profit and keep save money on my wallet or bank account. we must safe money because sometime we have unpredict money problem,and we also must invest some,because invest is one of many way to make profit and keep stable our money. |
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