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Author Topic: How to save money on a long-term period  (Read 2405 times)
NewRanger
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September 04, 2018, 03:03:25 PM
 #61

If you want to save your money all you have to do is to invest and make your own bank account so that you have a money that can use in the future.


I think we just invest in bitcoin, we buy now and we wait casually don't think negatively, we keep it for a long time, ten years to come if you look at the price of bitcoin you will see a very large increase and you will become a new millionaire, good luck, if you have guts.
that's not easy like we said.while we hold it for several periode, there will much drama on market, maybe price move down and many negative issu attack crypto market.we should calculate about that.and ask to our self, are we strong enough to face this condition?


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September 04, 2018, 03:22:04 PM
 #62

There are many ways to save money for future use.One of which is to have your own bank aacount.Invest in time deposit.Lastly, I would like to invite you to invest in bitcoin.
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September 04, 2018, 04:36:54 PM
 #63

There are many ways to save money for future use.One of which is to have your own bank aacount.Invest in time deposit.Lastly, I would like to invite you to invest in bitcoin.
Invest in bank account is useless, you will not get profit if you only save a little money. Banks only as a place to save money are not promising investment places. Instead of saving money at a bank, you better save money in real estate or land and cryptocurrency if you dare.

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September 04, 2018, 05:54:15 PM
 #64

Saving money is really necessary, it's in case of emergency. In my opinion, if you want to save money for a long-term period, you must have a job, and you must only buy the things that you needed in your daily life, so you won't lose your money in a way where it'll be useless. To save consistently, you must have a job.

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September 04, 2018, 06:15:28 PM
 #65

There are many ways to save money for future use.One of which is to have your own bank aacount.Invest in time deposit.Lastly, I would like to invite you to invest in bitcoin.



I think I prefer to place it in a bank and deposit it into time deposits at least the interest is much better than the ordinary interest from savings deposits. Another way I consider saving is to invest in life insurance where you are guaranteed a good return on investment.
I think I agree with your comments about how your money is stored correctly for a longer time.
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September 04, 2018, 06:49:09 PM
 #66

We have number of ways on banking system to save money for a long term. I love to trade more coins and save them .

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September 04, 2018, 07:48:56 PM
 #67

Well for me its very easy to make plan How to save your money in long term period. Just try to make investment that will grown after a year.or try to put in a bank to make sure that no one can get your money.
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September 04, 2018, 08:39:35 PM
 #68

Being trief is a good sign of looking forward to a good future, saving can be done ,if you have a self discipline , planning to save is useless if you will not do it seriously, Things that are not primary in needs should be minimized, try to have extra saving from your job pay as much as possible , do not waste energy at home to save bills and minimized dinner in high price food chain.,earm to budget what is to spend in the coming days  ,that are just ways to save money for a long term plan.
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September 04, 2018, 11:46:23 PM
 #69

We have number of ways on banking system to save money for a long term. I love to trade more coins and save them .
I don't suggest to save money on your bank in the long term period because it will give you nothing since the interest rate is very low and maybe your inflation rate in your place is high that makes you money less in value. I suggest to put your money in stock market or even in cryptomarket, treat this as your savings for your future needs.

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September 05, 2018, 03:50:39 AM
 #70

Monitor and observe your expenses and income and just look for the reason why you have a small savings like spending more money in shopping or eating outside the house then adjust that and slowly work on your budget so you will have to save more money than before and that will give you a chance to save more money on a long term period.

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September 05, 2018, 04:08:48 AM
 #71

We have number of ways on banking system to save money for a long term. I love to trade more coins and save them .
I don't suggest to save money on your bank in the long term period because it will give you nothing since the interest rate is very low and maybe your inflation rate in your place is high that makes you money less in value. I suggest to put your money in stock market or even in cryptomarket, treat this as your savings for your future needs.
Saving in the bank is for security purposes if you have a huge amount of money then you can trust bank were is the best storing of your money. But when it comes to investment while saving bank wouldn't give you a high profit, a very low interest on your saving money from the bank. Saving your money in cryptocurrency is good if you know how to manage them but if you don't have knowledge then, I tell you much better not to do. It is a high risk when you diversify your money into crypto and save, but again it's your call and thinks twice before you move through.

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September 05, 2018, 04:15:06 AM
 #72

We have number of ways on banking system to save money for a long term. I love to trade more coins and save them .
I don't suggest to save money on your bank in the long term period because it will give you nothing since the interest rate is very low and maybe your inflation rate in your place is high that makes you money less in value. I suggest to put your money in stock market or even in cryptomarket, treat this as your savings for your future needs.
Saving in the bank is for security purposes if you have a huge amount of money then you can trust bank were is the best storing of your money. But when it comes to investment while saving bank wouldn't give you a high profit, a very low interest on your saving money from the bank. Saving your money in cryptocurrency is good if you know how to manage them but if you don't have knowledge then, I tell you much better not to do. It is a high risk when you diversify your money into crypto and save, but again it's your call and thinks twice before you move through.

I just use my bank accounts for liquidity, most of my money are on the stock market but yeah its really risky but if you are holding blue chips company I think its worth it. Saving money for your future goals is important, but if you want to earn more while saving then try to invest your money in long term and you can achieve your goal early than your timeline.

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September 05, 2018, 04:19:58 AM
 #73

You want to save money in the long run, your income requirements are stable. To be safe, you can send interest rates to banks, but you want to raise high interest rates from that amount, you can invest bitcoin because bitcoin industry development can now change your life.
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September 05, 2018, 04:25:03 AM
 #74

enter all your money in bitcoin, and leave it for years. the risk is very large, if bitcoin rises, then we will get a very large profit. if bitcoin goes down, then our money is lost.

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September 05, 2018, 04:44:03 AM
 #75

IF you are a good saver then you can save your money if you buy some prize bonds or if you keep this money in a bank or safe house but it will not increase and if you invest your savings then you can earn some amount over it by monthly or annually.

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September 05, 2018, 05:57:33 AM
 #76

How to save money on a long-term period or an essay on black metal.
       This is the translation of my original article. The original is here:
https://bitcointalk.org/index.php?topic=4452770.0

I apologize for my English. This is not my native language and I have to use an automatic translator. But I think that you will understand my main thoughts.

Hello friends! Bitcoin is cool. I am an enthusiast of bitcoin and I hope for his growth. But periodically, all holders have to face problems. In this topic, I would like to share with you my idea (and experience) on how to keep the constant value of your money (and even multiply it by a percentage higher than inflation) over the long term. What do I mean by long-term? Period of time in the range from six months to several years and even up to tens of years. The latter is also possible (I think so), although, personally for me it is more of a theoretical interest.
Why is this relevant and how is it related to the cryptoworld? I think that you already guessed). It's wonderful to be a holder and a tractor) crypts on bull (and, especially, a long bull market), but from time to time come to us very different times. Yes, from time to time long bear markets come to us. As an exemplary example of such a market, you can cite the year 2014, when almost the whole year bitkoyn, and with it the rest of the crypt, basically fell.
       I foresee a similar scenario in the not-too-distant future; of course, after the cue ball is once again otzemunitsya (well, if it really happens).
       So, suppose that you are an investor with some margin of crypt. Let's say that you were able to correctly anticipate all the roller coaster growth and the beginning of the bearish crypt market. There are signs that this is serious and for a long time. You'll have to wait for turbulent times in fiat or its steeblechkan equivalents.
But!:
Will it be right to keep money in fiat on a long-term basis? (by default, we mean that the fall will be indefinitely - long, from six months to several years - the bitcoat cycles are stretched).
     Finite money for long-term storage has many drawbacks. Firstly, whatever they say, and Fiat - it's just pieces of paper and figures in the database (in the case of a non-cashier), not protected against rampant inflation (which, by the way, is very different from officially stated). Nobody and nothing can prevent the state from printing these pieces of paper and tsiferok as it deems necessary. A real example before our eyes is the depreciation of the ruble against the dollar in 2015 +/- 2 times and the subsequent price increase. In my opinion, only solid material assets (or bitkoyn can protect you from such devaluations, but it, as we agreed, in this case is in the hands of bears). Below I'll talk about this in more detail, and now a little about how I came to the conclusion about the effectiveness of saving funds in black metal. I came to this idea spontaneously - intuitively.
    In 2014, I thought about building a house with a garage, more precisely, first about the general extended foundation for them. For these purposes, I purchased a sufficient number of metal fittings. I bought with a decent amount of this excess, as I kept in mind another building object. After the construction of the foundation, the majority of the reinforcement remained, however, and the construction season was crumbling. For a while I forgot about my metal. He was lying on my plot in front of the future garage with a huge heap (tied up). I remembered about the valve only in 2015 after the devaluation of the ruble. And I was pleasantly surprised at the preservation of the value of my money))). I tried to test the remaining metal. After the announcement on Avito, several real sellers responded at once, which pleased me pleasantly. They were ready "right now" to buy up all of my armature.
Although the price I put even higher than the market ... it's by the way, eloquently speaks about the liquidity of black metal. This gave me serious food for thought and I ... changed my mind about selling, and used metal for construction on another of my real estate properties. But the very idea of ​​keeping the value in black metal, as they say, has deeply sunk into my soul. I realized that in this capacity, black metal, perhaps, would plug the belt and gold and real estate and, even more so, cash (there were crypto accumulations at the time, but no one knew how long this "exhausting flat" would last) . Before the next crisis in the crypt (the current one I do not consider a crisis), I plan to decently recoup with black metal. Most likely in the form of reinforcement, it can be profile and round pipes, most running sizes)
      And now let's compare in order the black metal as a means of preserving value with cash, gold, real estate and, for example, antiques).
      1.) Black metal and cash
1. "Internal Value" (hereinafter referred to as the consumer value). Cash has no intrinsic value; they are unable to perform functions other than exchange (for other money, assets or goods). That is, theoretically they can depreciate completely (a fantastic scenario, but nevertheless). Black metal can always be used for its intended purpose in construction.
2. Stability of value on the long-term. In the long term, Fiat is gradually depreciating, black metal is not. It, of course, can rust, but we mean responsible dry storage indoors. The joke is that my armature was lying open for several years. It is a bit rusted, but no one pays any attention to it, the cost is preserved).

3. Compactness
Black metal is not as compact as various forms of fiat money, but it is not necessarily seen as a drawback. But it's not so easy to steal it). Compare that it's easier to steal: a bundle of banknotes (crack non-cash money) or a ton of black metal))).

2.) Black metal and gold.
Gold has many of its forms, each of which is not very convenient for long-term storage:
Gold bars (hemorrhoids with banks, registration, difficulties in selling back, state monopoly and seller bank, unfair prices for you.) If you store gold in a bank, you pay decently for storing your gold, as a result your savings melt)
- Investment coins. Again, you will trade with the bank in a way that is not profitable for you, because you are in unequal relations with it.
- Jewelry. The problem with the sale. There is no uniformity, each product is unique. A substantial part of the price contains the work of a jeweler, which your buyer can evaluate.
- Various forms of non-material gold ("paper gold", assets tied to gold, various derivatives on / from it) Intangibles here are the main minus.
Gold loses to black metal in practical use. In the regulation and limitations of its turnover. In too great a variety of forms and the absence of rigid unification (which could have a positive effect on liquidity)

3.) Black metal and real estate
Real estate loses to black metal:
1. The need to register transactions in a specially created for this purpose state institution
2. Real estate objects are too diverse and not uniform, which can make their sale more difficult. Each property is unique in its own way.
3. Black metal has a "volume flexibility". You can buy a little more or a little less in a fairly large range. The real estate object needs to either buy in its entirety or not buy at all ("take what is given")
4. Black metal is mobile)
5. Buying a property you "buy" and neighbors and infrastructure that may wish for the best and with what (and with whom) you have to put up. With black metal, this is not necessary.

4.) Black metal and antiques
Antiques can be uncomfortable for a novice investor. In it it is necessary to understand. It takes years to develop competence. This is a separate occupation. Again, internal heterogeneity and a huge variety of antiques can affect liquidity. In regions and small towns this direction may be undeveloped (and most likely not developed). The practical importance of black metal is much higher than that of antiques. I think that in a crisis this is manifested more strongly.
 So, I briefly outlined the prospects for investing in ferrous metal. We can say that this is one of the ideal instruments that hedge the risks of crypto currency. But does black metal have drawbacks? Unfortunately - yes, more precisely, I would say, features. More precisely, I see only one feature - a disadvantage. For a resident of a city, especially a large one, owning an asset such as ferrous metal may not be very convenient). All the same, you need a garage, or some kind of storage space on the property rights or opportunities for free access. Friends, that's all. Write how you wait for the bearish long-term markets)


You can save money for a long term period by saving money with the use of card or open an account to land bank, ATM. .Card and other savings account that you can saved money for your future. .
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September 05, 2018, 12:01:01 PM
 #77

savings can only be made by reducing spending. because the income-expense balance is important. if the gain is fixed, the amount of expense must remain constant. otherwise the balance will degrade. it is a situation that is referred to when the savings balance is already broken.


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September 05, 2018, 12:29:05 PM
 #78

Setting aside extra cash in a long haul timeframe is additionally great in the event that you have cash to spare each month for your investment funds however in the event that to what extent you are sparing in the event that you can't set aside some cash normal then you can't spare more than anticipated. I recommend that you should set likewise an objective for setting aside some cash particularly in the event that you month to month wage is relatively correct with your day by day needs particularly for your family so we should know how to oversee additionally our salary/cash/bitcoin consistently for our investment funds.
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September 05, 2018, 12:38:20 PM
 #79

To keep part of our earning, to plan our monthly budget and also to reduce unnecessary want. this will help in planning how much we need to be saving when we earn.
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September 05, 2018, 01:09:13 PM
 #80

If that is where your heart is then you can do more on it. Black metals as you are familiar with could be a great advantage to you. But for us who are not into it, might still prefer buying gold or any known method like buying crypto or perhaps a real estate as a means to save money for long term. On my part I'd like to focus on real estate, this is because space is always a problem in my country and therefore it might be good to invest on buying real estate. I am certain that prices of real estate don't dump and instead goes up always as demand is always high. Therefore it is possible that I could earn good on it.

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