What have you done with your $1200?

[gredinger]

Savings right now, I guess for me. 

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[OgNasty]

I’m going to put mine towards property taxes.

[CristianOff]

Savings right now, I guess for me. 

Why would you save when the government is printing money?
Put it in crypto.

[boyptc]

Why would you save when the government is printing money?
Put it in crypto.

He  don't realize it that his savings will be overcome by the inflation after all of these struggles that we face. Bitcoin reached $9400 for today and it's in correction so I think that's the best idea that I'll do with $1200.

I have already prepared my payment for the bills so it's now time to do things that I want.

[Naida_BR]

Savings right now, I guess for me. 

I would buy with a small portion of it around 40% of the total amount Bitcoin.
The rest would be kept into a savings account in order to endure the coronavirus situation and the lockdown period. I know that it is not the best kind of investment to keep it into a savings account but this pandemic situation has made me be afraid of it.

[peter0425]

Savings right now, I guess for me. 

Still will Hold for Bitcoin and some other coins that i am having now.

No other plans for now unless the Market hit the top again maybe there will be a change of plans as i am waiting for long now.

Savings right now, I guess for me. 

Why would you save when the government is printing money?
Put it in crypto.

maybe that is what he meant?hi is saving here in Crypto?or i might be wrong.

[BADecker]

Spent it.

 

[amonymous]

I will spend some amount 

Overview, it's my basic (if i have $1200 then i will store 75% in bitcoin)
Otherwise, if i have some hand cash amount for spending daily life then i will invest fully $1200 in bitcoin.

[Naida_BR]

Savings right now, I guess for me. 

I kept it to my bank account.
1200 will be 2400 next month and so on. I am being patient for some time in order to accumulate a decent amount and then invest it in something that would give me 2x money.

[Artemis3]

Savings right now, I guess for me.  

I would buy with a small portion of it around 40% of the total amount Bitcoin.
The rest would be kept into a savings account in order to endure the coronavirus situation and the lockdown period. I know that it is not the best kind of investment to keep it into a savings account but this pandemic situation has made me be afraid of it.

Spoiled by the system, you think you are doing the right thing. You don't, if your fiat collapses, you lose all your savings. But you think the USD can never fail, that printing a few trillion dollars to give people "free money" won't do a thing...

I'll tell you the right thing: Move ALL into Bitcoin. And when you need to buy something, exchange only the minimum amount required to buy whatever it is you need to buy that day.

If you keep 60% of it, expect to lose that 60% at any time without warning.

It would be a historical event, but once it happens there is no turning back. Printing money is not a joke, my country has done it since 2014 and you can see the results... Foreigners laugh at our 3 USD monthly wage, and that's exactly the road we took. All you see is the price of things going up faster than your wage, until your wage is so ridiculous working doesn't make sense anymore and everyone depends on gov give-outs.

[lienfaye]

Assuming I have other savings for daily spending other than $1200, then these are my plan.

I will invest the money in crypto, 80% to bitcoin 20% for altcoins and will hold it for long period with my set target price on when to sell.

[michellee]

Savings right now, I guess for me. 

I kept it to my bank account.
1200 will be 2400 next month and so on. I am being patient for some time in order to accumulate a decent amount and then invest it in something that would give me 2x money.

I don't know if there are any bank would give a lot of return for your saving. As far as I know, the return from the saving is not much, and if you don't have a large amount of money, your interest will not be too big, and that is not enough to cover the fee or cost that we need to pay to the bank monthly.

But maybe in your country, the bank can give you 2x money from saving.

[Vod]

But you think the USD can never fail, that printing a few trillion dollars to give people "free money" won't do a thing...

I thought your government was borrowing the money?

[Artemis3]

But you think the USD can never fail, that printing a few trillion dollars to give people "free money" won't do a thing...

I thought your government was borrowing the money?

No one is loaning any more money to my country for the past few years, which is good because those in power would keep wasting it and taking some for themselves. Of course Maduro blames capitalism and US imperialism and just adds more zeroes to the State bank accounts to keep paying wages etc like the budget was infinite, because inflation is a capitalist lie from Americans to destroy socialism...

Not unlike Mugabe and the long list of ruling idiots in 40 centuries of human history...

[jtea]

Of course, invest in bitcoin.

[Koffi13]

Lol if only I had this amount of money.

[Koffi13]

Of course, invest in bitcoin.

how?

[bitcoin-shark]

with $ 1200 I would buy for $ 600 tether to stake on binance and with $ 600 I would buy dai to stake on aave defi

[greenlanternlight01]

Savings right now, I guess for me.  

well perhaps invest half of it of course in alts and then the other half most probably will go to my btc/eth hodl depending on the market value

[boyptc]

@koffi
It's been a month and no one has answered you how to invest in bitcoin. Where you from? check if there are exchanges in your country where you can buy bitcoin.