Bitcoin: Saving for Tomorrow, Starting Today

[Bigjoe33]

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.

He who fails to plan, already plans to fail. It's as simple as that.

If we want a solid future, well financed and equipt with all good things, then we need to start planning it now, and investing in Bitcoin now for future is one best thing we can do for ourselves and future. Since it's for the future, then we may not need to worry about present market price or the volatility, we can gradually keep accumulating, and HODLing. Investing in Bitcoin now is the best we can do for ourselves. It has a proven track record of appreciating long term investors. So, it starts now..

[Aliciaworld]

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

Although the future is scary and unpredictable, but that has never stopped anyone from including shares from stocks portfolio into their future plans in the bid to leave wealth for the next generation. So also is the case with Bitcoin it is volatile, a but more volatile than stocks I agree but it is a good instrument due to it's decentralized and anonymity features making it very suitable for stashing wealth away for the future.

[JoyMarsha]

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

If Bitcoin is not worth it, I am not sure anyone of us will be advising one another to invest in Bitcoin for the future. We will all be talking about investing in Bitcoin for the present, nothing more, nothing less. But because we have seen how hodling Bitcoin long-term has been, we are learning not to relent a bit, because what the future holds for us with Bitcoin is great.

[ColdLava40]

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.

Needs or want, the idea is to invest consistently.

Bitcoin right now, is no longer on a stage where we should debate about if it will be successful in the future. Those who were debating about it then, might be somewhere watching and weeping over their missed lifetime opportunity.

Right now it's not still late, though we are far ahead but people can still try to come into the market. The future isn't any where far from now, tomorrow can be the future. We might wake up In the morning and see bitcoin on blues like it did last year.

[Fivestar4everMVP]

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?

I have a pension account which holds quite a large sum of money which i unfortunately cant access until i am at least 50 years of age, and the beautiful thing is, the pension firm loans that money out and i gain interest that is compounding overtime.
Many a night, i look at the price of bitcoin, i look at my pension account balance and wish the pension firm had the option of allowing their clients to convert their account balance to Bitcoin, which they still cant access until they are 50 years of age, i would have converted mine to bitcoin a long time ago without looking back.

For everyone that is working, running a business and saving money, it is very important to make Bitcoin part of your future savings, fiat like many of us already know is losing value and purchasing power every year, this is one downside of money that Bitcoin solves completely.
And let me say that bitcoin being a high volatile asset is more of an advantage rather than a disadvantage, one just have to learn how to turn this to their own advantage.

[Zaka1221]

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.

I want to correct all sentences now. It's not in our future plans; it's already part of our future because the confidence level is already increased with few security threats doing their impact, but investors are increasing their knowledge level about its security and risk management just because this adoption is increased.
There are enough people who are having accumulation for the long term because they are also well aware of the potential and price impact of inflation; they just need to have all their own measurements, which are also important because cybersecurity is now increased and people need to stay on a level where things have no impact on their lives, keeping data and all things that are necessary for living a better and good life.

[Gragebox]

Well the future isn't guaranteed
And even if a person have period to make use of the money when they go
There's no assurance it would be used wisely.

True, nobody knows what the future holds,
And we have no money if we don't live.
However, spending without proper planning can
create problems when unexpected needs arise.
The secret is to balance being able to enjoy today.
And protecting our financial future.

Yeah it is.
It might not grant you astronomical wealth but it can at least help with protecting the value of your savings
Unlike saving in Fiat.

In addition to privacy issues, another key factor that makes people opt for Bitcoin is the protection of purchasing power. Fiat money depreciates because of inflation and loses its purchasing power over time. But Bitcoin provides another model because of its capped supply. But this does not mean that the cost of Bitcoin will only grow or even stay constant. It is very volatile and subject to sharp declines too. In my view, Bitcoin can be seen as a long-term savings vehicle, but caution is still warranted.

[stepwilli]

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.

This is why Bitcoin is also known as a retirement money. But anyways, yeah mate, two or three years was indeed short. If only it was four years, then that is superb, since it is known that Bitcoin has a more guaranteed bull run after every 4 years. 

If we are to do a DCA strategy, we won't mind the bear market too. But actually, some are also doing a DCA strategy, so that they still have a money that will be used, just in case a bear market comes.

The good news is that, Bitcoin is not the only crypto in this market and others can offer different terms depending on what we are investing for. So we would like to check them out as well.

[Big Dirams]

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.

Needs or want, the idea is to invest consistently.

Bitcoin right now, is no longer on a stage where we should debate about if it will be successful in the future. Those who were debating about it then, might be somewhere watching and weeping over their missed lifetime opportunity.

Right now it's not still late, though we are far ahead but people can still try to come into the market. The future isn't any where far from now, tomorrow can be the future. We might wake up In the morning and see bitcoin on blues like it did last year.

Right now so many people have seen what bitcoin holds and know it value so apparently we don’t actually have time to be debating on that shit if bitcoin will do well in the future or if our investment in bitcoin is actually worth it because right now even if we didn’t end up making profits from our bitcoin investment then in my opinion it is worth it. We took a responsible risk and we took a risk that could change our entire financial difficulties and put us on another level with just a small risk so it totally worth it.

[uneng]

True, nobody knows what the future holds,
And we have no money if we don't live.
However, spending without proper planning can
create problems when unexpected needs arise.
The secret is to balance being able to enjoy today.
And protecting our financial future.

Each person has a different context of life, so financial opportunities will never be similar to everyone. The point is that people who are less privileged on this matter have to work with the tools they have available, instead of blaming reality for those bad circumstances. It's inevitable to make sacrifices, to give up on entertainment and superfluous expenses thinking on long term plans. Otherwise, there aren't much expectations a better life can be achieved futurely.

Bitcoin can work as a strategical tool along the investor's journey, especially in the current time we are, less than two years away from the next halving event. I wouldn't say to put all your tokens in Bitcoin right now, but at same time I would say to not neglect having a portion of it on your portfolio thinking on 2028.

[sunsilk]

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

I agree, USD is not of an exemption and that's due to the debt of US that keeps on growing but, it's also noticeable that the other local currencies from other countries have weakened against US dollars.

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/

And another perfect example for this bitcoin purchasing power is about the popular graph about bitcoin and groceries.

This chart is lovely to see, and it keeps going down which means that the power of dollar against bitcoin is getting lesser. While for BTC is doing the opposite which makes it stronger.

[2Pizza410000BTC]

Financial planning is essential when it comes to the future. Most people save their money in preparation for emergencies, future goals, and freedom from monetary obligations. Nevertheless, with the change of economic circumstances and inflation rates, people are looking into various options to protect their capital.

Bitcoin became one of the assets which many people trust in. Its limited number and decentralized network give it an advantage compared to other forms of currency. 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.

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?

We have been watching Bitcoin for many years and have developed a different experience with Bitcoin. Now, based on our own experience, we can say that investing in Bitcoin will definitely be profitable in the future because we can at least guess what form the price of Bitcoin will take in the future. However, from my point of view, I would say that if someone has the ability to invest and has a certain amount of income, they can invest in Bitcoin with some part of that amount and they can continue this investment continuously. However, no matter who invests, the investment must be made for the long term, only then will success be achieved in the investment.

[kawetsriyanto]

If Bitcoin is not worth it, I am not sure anyone of us will be advising one another to invest in Bitcoin for the future. We will all be talking about investing in Bitcoin for the present, nothing more, nothing less. But because we have seen how hodling Bitcoin long-term has been, we are learning not to relent a bit, because what the future holds for us with Bitcoin is great.

You're right. There will be no massive people investing in Bitcoin if Bitcoin isn't worth it for investment. In the fact, even big company and big countries have Bitcoin nowadays. It clearly indicates that Bitcoin is really worth it for investment. Sure, Bitcoin is a long term investment, people must hold for some years to gain optimum profits. But the potential profits will commensurate with our efforts and patience.

Right now it's not still late, though we are far ahead but people can still try to come into the market. The future isn't any where far from now, tomorrow can be the future. We might wake up In the morning and see bitcoin on blues like it did last year.

Yep, it isn't too late to invest in Bitcoin. Anyone can start investing in Bitcoin now. But we all must ensure to use safe money for Bitcoin investment.

[Rengga Jati]

Financial planning is essential when it comes to the future. Most people save their money in preparation for emergencies, future goals, and freedom from monetary obligations. Nevertheless, with the change of economic circumstances and inflation rates, people are looking into various options to protect their capital.

Ideally, we should distinguish between general savings and setting aside money for emergencies. While not everyone may be able to do this, we can certainly try, little by little. It is essential to establish an emergency fund to cover unforeseen needs. Ideally, a portion should be set aside for this purpose every month.

On the other hand, setting aside money for savings is also important. This can even be implemented through investments. But, we must ensure that we are using "cold money". That is, funds remaining after accounting for daily living expenses, education costs, emergency funds, and other essential obligations. In essence, this is what constitutes "cold money."

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

For me, personally, yes
This is a very worthy saving and investment for the future. But, with certain notes that I must learn and set.

[moneystery]

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

Even though there's no guarantee that the price of Bitcoin will keep going up in the future, historically it tends to rise, so considering that, I think holding Bitcoin as your future savings is the smartest choice you can make to prevent your money from losing purchasing power due to inflation.
But like with any savings, you need to be consistent over the long term to fully benefit from its potential. You also need to invest according to your situation. Don't let short-term needs force you to sell your Bitcoin. If that happens, you won’t gain anything except losing out by selling at an unfavorable time.

[BlackBoss_]

Even though there's no guarantee that the price of Bitcoin will keep going up in the future, historically it tends to rise, so considering that, I think holding Bitcoin as your future savings is the smartest choice you can make to prevent your money from losing purchasing power due to inflation.
But like with any savings, you need to be consistent over the long term to fully benefit from its potential. You also need to invest according to your situation. Don't let short-term needs force you to sell your Bitcoin. If that happens, you won’t gain anything except losing out by selling at an unfavorable time.

Life is uncertain, investment is risky and uncertain too so there is no guarantee that Bitcoin price will continue going up in the future, especially in short term or mid term but if it is about a long future like 4, 8, 12 years, I am very bullish about Bitcoin future and its price growth in very long term.

Casebitcoin.com is a very helpful website for getting historic performances of Bitcoin in past years.
Another site to check Bitcoin performances in past years is https://cryptorank.io/price/bitcoin/analytics

Bitcoin yearly candle chart shows that despite of bear market and bearish years, Bitcoin has very impressive price growth over years generally.
https://therighttrader.com/bitcoin-charts/yearly-candles

Future is unpredictable but my belief is based on past performances of Bitcoin and its fundamentals, and because of that I am going to accumulate more satoshis, hold them towards many years into the future, which in my plan will help me getting very good profit.

[General_Bitcoin]

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.

It is easy to understand why someone would want to hold this asset. Hedging element depends on how quickly you would need access to your money. While Bitcoin can be a great long term hedge against fiat inflation, there will be times when the price will fall quite a bit. If you do need to use them at these points it could cause issues. Both assets can be a great addition to a portfolio. However, Gold is generally more stable and Bitcoin has greater growth potential but also much more risk.

[Outhue]

This is not a brag but the chances of having a better life in your future with Bitcoin is very high, nothing is guaranteed though but I personally feel better knowing that I have some funds in Bitcoin, and I am sure this feeling of mine is because of what Bitcoin is made of, Fixed supply, Scarcity, Global Adoption, Hedge against inflation, Generational shift, are you kidding me? There is nothing like Bitcoin, and this is why it's going to be a very big part of the future, the chances of later regrets as a bitcoin holder is very low, unless you do something stupid with your recovery seed.

[coinrifft]

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

I guess the answer is pretty obvious, as we have seen a lot of those early investors who save a lot of Bitcoin and then they build a generational wealth. And then we have members here who also have been in the market for so long that they have advised on DCA and a better approach to accumulate.

So yes, it's worth to be part of the future. And this is what people are doing in the last 10 years or so. It's the power of compounding interest that makes Bitcoin a good investment and every 4 years we see a good all time high along the way.

[abel1337]

If you are treating bitcoin as an investment, then it's a good buy for me. I have bitcoin too and still continue to accumulate, I do DCA which most of us here is doing but to be honest, It's hard to expect that we can generate generational wealth in just buying bitcoin in this cycle. I believe on the crypto market cycle, there's a chance we can see a roughly 2-4x bitcoin price from its recent all time high if the cycle continues. There's no guarantee it will still be the same as the other crypto cycle but I'm hoping that it will still continue. Bitcoin is still a good investment, its always be.