Bitcoin: Saving for Tomorrow, Starting Today

[hd49728]

Many of the local currencies are heavily damaged a lot due to the inflation. So it makes sense if someone will choose bitcoin to be part of their savings and investments.

While US dollars is currently strong against other local currencies, it won't be like that forever.

All fiat currencies have inflation and they're only different in inflationary rates over time. Even a strong fiat currency like the US Dollar is not free from inflation and declining purchasing power over time.

Charted: The Declining Purchasing Power of the U.S. Dollar

Unlike with bitcoin, its data and record is publicly displayed about how it went throughout the years and that information will speak for itself if it's worth it or not.

Bitcoin purchasing power has increased considerable with time and this chart shows it.
https://charts.bitbo.io/satoshi-per-dollar/

[Fiatless]

Bitcoin is one of the best asset to to save for the future. Not only does it generate the highest profits, it also serves as bugger against inflation that is prevalent in fiats. This is why even the rich are massively accumulating Bitcoin now and some through ETFs

Accumulating and holding bitcoin can give you profit over time, but don’t make it sound like it’s the only asset that can give you its own type of profit; nothing is guaranteed, but it’s better off not using that highest profit as some stock and other assets might beat that sometimes. Even if it’s not guaranteed, don’t get me wrong when it comes to crypto and security. Bitcoin is top-notch, but I don’t like when it’s being overpraised in terms of profit.

We are in a Bitcoin forum, so you should expect Bitcoin to gain the support of most members. There are several assets or investments that can bring more returns than Bitcoin. Agriculture and real estate are just some examples I can remember. In Q4 of 2024, cocoa was more profitable than Bitcoin because of a 60-year deficit in the 2023/2024 crop year.

However, Bitcoin outshines most of them because it is decentralized and has been consistent over the years.
 

[Agbe]

Thus, it should not be viewed as a guarantee to get wealthy in the future.

This should depends on the amount or the unit or the quantity you invest in. If you invest in $10,000 plus worth of bitcoin today and in the 10 years to come, definitely you will have a good profit of it. And if the price rise to $200,000 or $300,000 as of the 10 years period, you will have good story to tell but it might surpass that price. And I don't think any bitcoin investor in the forum will have a negative thought on the long term investment plan.

[Zigabel]

It would be beneficial to collect Bitcoins gradually by making DCA purchases on a weekly or monthly basis. It will allow investors to minimize their dependence on the constant changes on the market. The frequency of such purchases depends on income, expenses, and plans of each person.

Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.

What do you think? Is Bitcoin a worthy part of future savings or not?

This is ideally one very effective way of accumulating Bitcoin, it is such that you will be accumulating with so much ease without even really noticing it so much. The fact that it doesn't have to be done daily but either monthly or weekly depending on how you pay cheque comes is another way that makes it much easier to want to follow through with. The mistake a lot of person does is that they don't understand that they don't have to use money needed for their essentials to start investing as they will not invest better that way, surely that will not allow them to invest for the long term as intended.

Bitcoin is worth every part of future savings not only because of the hype but because it has proven over time to be a reliable store of values that you can bank on for the long time and still be sure you are going to have values for the savings you have held unto for this period. For the best of value, always use money you wont be needing any soon to invest in Bitcoin and make sure to leave it for a long period of time and the best results are gotten when the investments are long term.

[Questat]

However, Bitcoin outshines most of them because it is decentralized and has been consistent over the years.
 

I would also be biased, I would choose Bitcoin over other investments. However, at the same time I would be smart since Bitcoin is still considered a high-risk asset, depending on our target if we want a consistent profit, I'm pretty sure Bitcoin cannot give us that, so we also have to think of a more realistic investment. And I would choose business on that matter. Actually I've already done that in real life, I have a running business and thankfully it's profitable, and of course I'm also doing some DCA on Bitcoin, for me this is a good combination as it's important to secure regular profit to survive, Bitcoin is just secondary.

[SeriouslyGiveaway]

I would also be biased, I would choose Bitcoin over other investments. However, at the same time I would be smart since Bitcoin is still considered a high-risk asset, depending on our target if we want a consistent profit, I'm pretty sure Bitcoin cannot give us that, so we also have to think of a more realistic investment.

You can consider Bitcoin as a good investment asset, you can invest money in Bitcoin. You can consider Bitcoin as a low risk or high risk asset but your practice has a same requirement of managing risk and capital well enough.

Investment into anything has risk but if you ignore risk, you will have terrible risk management and Bitcoin even has very good ROI won't be able to save you and your capital. Because Bitcoin has bull market and bear market, while with bad risk management, bear market will take out your bitcoin and money in this volatile and risky market.

of course I'm also doing some DCA on Bitcoin, for me this is a good combination as it's important to secure regular profit to survive, Bitcoin is just secondary.

You can DCA for your accumulation and profit withdrawals while usually people talk about DCA for accumulation, not for withdrawals.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy
https://bitcoindata.science/dca-calculator

[yudi09]

I think that is also important that how long you will have your money invested. If you are saving for retirement and looking at an investment over 20 years, Bitcoin may be a good investment for you. However, if you are looking to use the money within 2 or 3 years for something like a house or education then the risk changes. Although DCA can prevent you from investing all your money at the same price, you can still get caught out by a prolonged bear market. Overall everyone knows Bitcoin is a good investment for the future but depends on what you are saving for and how long you are saving for.

Those who recognize Bitcoin as a sound investment are investors who have researched Bitcoin’s market price history and those who understand the concept of hedging when fiat currencies lose value due to high inflation.
Generally, every investor has two expectations for their Bitcoin investment. The first is the profit to be gained from price appreciation, and the second is long-term hedging.
Both are valid, and I also aim for both. If I had to choose another asset, I would choose Bitcoin as a balanced counterpart to assets like gold. Gold, as an asset I can rely on when needed, doesn’t interfere with my Bitcoin holdings.

[Felicity_Tide]

But Bitcoin is a very volatile asset, and its value may increase or decrease. Thus, it should not be viewed as a guarantee to get wealthy in the future.

Of course, it's volatile, but I believe what most people should focus on is how well it can perform over an extended period of time... I don't think institutions or even individuals would be willing to throw their money into something that they haven't weighed the risk, or something that isn't worth taking a risk for. And, it's certainly not a guarantee of wealth like you mentioned, but when you look at Bitcoin's price history, then I think it's far more appropriate to describe those who invested in Bitcoin about a decade ago as risk takers rather than lucky people.

Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.

What do you think? Is Bitcoin a worthy part of future savings or not?

There are people who are willing to do things even if it inconveniences them in the present, while there are others that aren't. I think it's often seen as a level of desperation or willingness. So, if you find someone who's willing to inconvenience themselves just to accumulate Bitcoin, well, that's obviously their decision... It's a matter of choice. But overall, it's much smarter to do things according to your financial strength,. because consistency is all that matters.

[Shadiq]

It is a kind of fiat savings. The only difference is the volatility of the price and the risk. If we consider the number of Bitcoins, there is no volatility and there is no big risk. Rather, it will be a coin like fiat.

In fiat savings, in the long run we lose value due to inflation, while Bitcoin stores the value of your money. The longer the savings, the higher the return, and you will not even be affected by inflation.

What do you think? Is Bitcoin a worthy part of future savings or not?

Yes, Bitcoin is competing with the best assets now, so I have no doubt about it. Bitcoin is the best asset for future savings.

Still, one should never put future above the present. Emergency savings, necessary costs, and existing commitments must go first. Only investing money which people can leave in a reserve for a long period of time would be a reasonable thing to do.

This is what should happen in an uncertain life. The priority should be on the present. It is important to prioritize the future, but it should not be more than the present. It is better to arrange an investment or savings plan with the remaining money after managing the present life.

[Dr.Bitcoin_Strange]

What do you think? Is Bitcoin a worthy part of future savings or not?

I think what you think, Bitcoin is still a worthy asset to invest on for the future. However, questions like this is not so very necessary because the answer is all over the place, no body needs to be convinced that Bitcoin is worthy for future investment. Look at home institutions are heavily investing on Bitcoin, even those that don't want to directly own Bitcoin are investing on Bitcoin EFT, the price history is public for anyone to see. All these details is open to anyone to see and know that Bitcoin is an asset that have future potential and they should be convinced that it is worth investing on.

[MusaMohamed]

I think what you think, Bitcoin is still a worthy asset to invest on for the future.

No doubt about that because if Bitcoin does not have a good future, at least people don't think about Bitcoin future this way, Bitcoin price would fall to very low price already. In fact, Bitcoin has hold its very high price, market cap, and trading volume even Binance exchange was hacked and it's a biggest hack ever in cryptocurrency market history.

However, questions like this is not so very necessary because the answer is all over the place, no body needs to be convinced that Bitcoin is worthy for future investment. Look at home institutions are heavily investing on Bitcoin, even those that don't want to directly own Bitcoin are investing on Bitcoin EFT, the price history is public for anyone to see.

The market has been here since late 2009 and institutional investors only joined this market recent years especially since January 2024 with Bitcoin Spot ETF approvals, then actual operations months later.

It's easily recognized by observing this trend, if Bitcoin is not good and attractive, Black Rock would have not submitted their Bitcoin Spot ETF application. More people, companies, institutions will join this market, and they're new forces to bring Bitcoin to new all time highs next years.

[Juse14]

What do you think? Is Bitcoin a worthy part of future savings or not?

Supposedly the forum people will answer yes to this question, I read two pages and the answer is of course yes this is the right choice to answer your question, even though BD Officer answered for him land invasion is the best investment, but back to their respective perspectives, he still said yes to bitcoin.

And without reading far because this is the bitcoin community for sure the answer will choose bitcoin from the majority, if you try to do a survey you will not need to make much effort because the answer is easy to guess, including if you question with the same method to the community of gold investors or others, they will answer according to the environment of their activities in his talk.

[Gaza13]

What do you think? Is Bitcoin a worthy part of future savings or not?

For those who grasp or understand the concept of Bitcoin, there is certainly no doubt about it, and it is well worth investing in. Historically, Bitcoin has repeatedly proven its capacity to bounce back this resilience is rooted in a tangible track record that is difficult for other assets to match. This asset consistently counters the erosion of purchasing power caused by fiat currency inflation and fosters the growth of your wealth though certainly not in the short term rather, the benefits can only be reaped by those who possess the patience and psychological resilience required for the long haul. Indeed, in this regard, Bitcoin is worth considering as an addition to your investments to protect your capital or money for the future.

[PhilosopherKing]

But Bitcoin is a very volatile asset, and its value may increase or decrease. Thus, it should not be viewed as a guarantee to get wealthy in the future.

Of course, it's volatile, but I believe what most people should focus on is how well it can perform over an extended period of time... I don't think institutions or even individuals would be willing to throw their money into something that they haven't weighed the risk, or something that isn't worth taking a risk for. And, it's certainly not a guarantee of wealth like you mentioned, but when you look at Bitcoin's price history, then I think it's far more appropriate to describe those who invested in Bitcoin about a decade ago as risk takers rather than lucky people.

Yeah man, it pretty much cannot be luck since investment isn’t gambling that person will need luck before they could even make few bucks. Bitcoin investment can be a very risky stuff due to the volatility that it has, but it is still safer than gambling and other stuffs like that, and if person can be able to invest into it using their discretionary income for long time then person is gonna be among those that can benefit from bitcoin long time growth.

People still have to understand that bitcoin will never make the person rich over night because there are times when the price is gonna crash down and stay like that for long time. But if person is investing into it with money they will not be needing soon, then there will not be the pressure for the person to sell even when that bear period comes and persist . Because afterwards the price usually recovers and rewards the patient persons.

[Awaklara]

Indeed, in this regard, Bitcoin is worth considering as an addition to your investments to protect your capital or money for the future.

There has been quite a lot of discussion about Bitcoin for the future. Some even talk about inherited Bitcoin. I think that shows that Bitcoin is indeed suitable for our future plans, whether it's just for savings or to achieve certain goals. 
If you think about it, rather than consistently saving money in a bank where the currency value keeps eroding, Bitcoin does offer a solution to those traditional financial problems. It's just that we know its use today is also affected by government regulations.

[Bluedrem]

Considering the current global situation, in this time of inflation, people are trying to concentrate their money in a place where the value of their assets will be maintained, so they are choosing different types of investment systems. Many may be investing in different types of physical assets, while many want to concentrate their assets in Bitcoin. From past history, we see that Bitcoin is the most profitable investment compared to other assets. And as Bitcoin is gaining acceptance among many people day by day and the governments of many countries have started considering Bitcoin as a reserve asset, then a person should create his own personal Bitcoin portfolio so that financial security is ensured from this fund in the future. Yes, people should hold Bitcoin.

[Floxynice]

Considering the current global situation, in this time of inflation, people are trying to concentrate their money in a place where the value of their assets will be maintained, so they are choosing different types of investment systems. Many may be investing in different types of physical assets, while many want to concentrate their assets in Bitcoin. From past history, we see that Bitcoin is the most profitable investment compared to other assets. And as Bitcoin is gaining acceptance among many people day by day and the governments of many countries have started considering Bitcoin as a reserve asset, then a person should create his own personal Bitcoin portfolio so that financial security is ensured from this fund in the future. Yes, people should hold Bitcoin.

Whether bitcoin is the most profitable investment or not depends on the individual investing in it. If you do not have the patience, consistency, or faith in bitcoin, even when its price is dipping, there is a tendency that you might sell at a time when your investment is not very profitable.

There are different savings options that can hedge against inflation for a very long period. Many considerations should be made, including assessing the risks involved in each option.

Depending on your risk tolerance, you can choose what works for you. Also, a person with low capital can opt for bitcoin savings rather than investing in land, which is quite capital intensive.

[Nwada001]

And if you should look at it the future begins in the present, if you are thinking the future is far from you then you may be making a terrible mistake.  Bitcoin is not just a future investment it is an investment that needs to be consider in the present. One thing about inflation it kills the value of money when you dont act immediately. Bitcoin plan is something that one needs to accumulate bitcoin consistently and never to save your money in fiat because it will definitely lose value.

The future is now indeed. Those who invested how many years ago, like 10 years back this year, are among the future they were predicting, and we can’t tell what will be the price of bitcoin in the coming years. To be to the safer side, it’s best if we can treat bitcoin as part of our needs and not just a random investment. Needs will make us know that it’s something we must do and not something we can treat as want which we can neglect sometimes.