Where do we find some sense of security and value

[Mekie21]

Most of us has chosen diverse ways to multiply our fiat, but all these method we've chosen has no effect over Inflation, some of us decide to go into:

Banking System: At some point, if you're able to save a huge amount of money, you can as well cut the effect of inflation by taking profit on a daily or weekly basis. You should know even by saving in the bank you're loosing free will over your money and tax is being deducted from your savings.

Personal Savings: Assuming you set some discretionary funds for saving, and you put it into a saving box or vault, as the year goes by due to inflation your money is being devaluated.

Pension: Let's say you're waiting on your pension to arrive and it's fix, we all know as long as it is in fiat it can't keep pace with inflation and also tax is being deducted from your pension as well or if eventually your company goes bankrupt, your pension plan will be left with absolutely nothing.

At the end of day can you say to yourself those options I have taken in the stead of Bitcoin are worth the risk. Probably by the time it comes to your realization, Bitcoin is heating $1M and you'll be like how I wish I had taken the risk earlier on. By this time last year, Bitcoin was over the range of $65k- $70k, just a year after and you can see the height it has reached now and it's still climbing, you also have the liberty to use your coin as you want, not under some government or traditional bank regulation.

Bitcoin has provided us with some sense of security and value despite it volatility. Choose wisely where you'll rather invest your discretional funds

_______________________________________________________
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[Shadiq]

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The biggest advantage of investing in Bitcoin is that it works in the opposite direction of inflation. If you want to protect your money from the negative effects of inflation in the long term, then the best choice for you may be to save money in Bitcoin. Although you can receive regular profits from the bank by saving in the bank, in the long term it will not be the same as Bitcoin and your wealth information is being interfered with by the government. Saving in Bitcoin may also be a better choice in the case of pension, pension is a long-term plan. If Bitcoin is saved in this long-term plan (even if it is a small amount), then I think you can get a pension several times more than the amount of pension you are getting today. Because Bitcoin is not affected by inflation and works in the opposite direction, the profit margin is higher and it is more secure.

[promise444c5]

Banking System: At some point, if you're able to save a huge amount of money, you can as well cut the effect of inflation by taking profit on a daily or weekly basis. You should know even by saving in the bank you're loosing free will over your money and tax is being deducted from your savings.

Just wondering what  they should do with profit taken, spend it or just keep holding it to devalue even more.. i
Banking system just totally sucks, but yeah what can the masses do.. Personally, i only keep what i need to survive for a short period in bank, i don’t care about whatever interest they give.

For physical assets , to stay ahead then i will go with RealEstate but when it comes to Digital then it’s Bitcoin imho..

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[AVE5]

Stocking your money all in the bank with plans to hold it in the long term isn't a tangible ideal because, the fiats are stable values for exchange of goods and services only. It doesn't have an intrinsic value while it utility purpose is just to credit PAYMENT.
When inflation comes, every monetary values will be affected either negatively or positively. Naira will lost it purchase power and the stacked money in the bank will depreciate in value and the CBN printing more money is another weakness for naira.
The only way to save or store funds that's aimed to be used in the long term is to INVEST not just where to give you profits but consider potential values that their potential volatilities is challenging inflation.
Bitcoin and gold are good to hold. Real estate is also potential property to hedge against inflation.

[uche6215]

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Non of those things you don mention go fit control inflation and di only person wey go fit do nai be di government. Banking System no go fit self because your money wey dey inside self e no dey save. And wen we come to Bitcoin investment, make we no dey invest money wey we wan use am or spent within a short period of time because you fit loss well wen di price reduce. And if you dey invest whether discretional funds or spare money, no invest am for short term but long term. In Nigeria, I no even think say people get discretional funds in their houses.

[Itz-prisigold]

This is the type of discussion that people should be talking about. The truth is, when you look at it carefully, most of these traditional savings options don't really save us from inflation. You will save money in the bank and you will think it's safe, meanwhile inflation is silently eating the value, and banks will still be removing taxes and charges on top of that, it's just like you are actually paying them for holding ur own money- even though they are the ones using your money to do business and making profit.

Now compare that to Bitcoin. No middleman taking cuts, no restrictions, no silent deductions. Bitcoin gives you full control of your money 100% - your money, your rules. People keep on saying Bitcoin is risky, but the real risk is keeping your money in a system that keeps losing value daily. Yea Bitcoin might fluctuate but with long term, it's been holding value way better than fiat.

Seriously when you look at it correctly, the real risk is not Bitcoin - but leaving ur money in fiat and watching it lose value all the time. You have 100% freedom when saving in Bitcoin and that is something all these banks can never offer.

[Cryptohygenic]

Non of those things you don mention go fit control inflation and di only person wey go fit do nai be di government. Banking System no go fit self because your money wey dey inside self e no dey save. And wen we come to Bitcoin investment, make we no dey invest money wey we wan use am or spent within a short period of time because you fit loss well wen di price reduce. And if you dey invest whether discretional funds or spare money, no invest am for short term but long term.

Read Op well bra, em no dey talk about inflation control but how those way dey save their money for bank dey cos their lost of values to their money onto say inflation dey humble am by devaluing em purchase power.
Inflation on the other hand get control but wetin dey there be say e not fit com to an end. So wetin those way want escape am or control am make e no get impact on na to invest am for tangible assets way fit mitigate and keep valuability for the long term ahead of inflation which bitcoin na one of the assets.

In Nigeria, I no even think say people get discretional funds in their houses.

You also need to understand say no be everybody for Nigeria dey invest. Some dey save for bank and withdraws anytime dem like. This kind of people dey we Naija way no even know the existence or importance of discretionary.

[Callido]

In a general note, buy assets don't hold liabilities. There is no benefit in holding fiat, it is non profitable to save large amount in fiat for a long period, the rich always allow their money work for them instead of allowing it lie in banks or at home. The asset of the rich are calculated based on what they own, company, shares and properties not because they have the exact amount in bank. Bitcoin is a digital asset, it has great potential of returning profits on investment, it is optional but a good investment that should not be neglected.

[Ever-young]

In a general note, buy assets don't hold liabilities. There is no benefit in holding fiat, it is non profitable to save large amount in fiat for a long period, the rich always allow their money work for them instead of allowing it lie in banks or at home. The asset of the rich are calculated based on what they own, company, shares and properties not because they have the exact amount in bank. Bitcoin is a digital asset, it has great potential of returning profits on investment, it is optional but a good investment that should not be neglected.

Although some may argue that you could still use your money to run a fixed deposit in your bank and let your money yield annual interest for you. And then some people end up leaving millions in their bank accounts for several years and then receive annual interests, but what people fail to understand is that by leaving their money in the bank, they leave their money and value vulnerable to be invaded by inflation, they could be taxed, and anything can happen since you can’t really boast of complete control over your funds. Bitcoin may not give you annual interests but first of all, it shields your money from inflation, it gives you complete control over your funds, and you’re certain of your funds growing in value within the long term.

[Agbamoni]

At the end of day can you say to yourself those options I have taken in the stead of Bitcoin are worth the risk.

Stop selling the idea that whatever you do or anyone does aside Bitcoin will not be successful. There are many opportunities that you are not aware of, which people are using to make lots of money. As we speak, many have invested into something that in the future will be profitable.

Just like the saying, "if you are not informed, you are deformed". Because you are aware of Bitcoin means your own opportunity is here. So do what you need to do and let others follow what they believe in.

[CryptoHeadlineNews]

Most of us has chosen diverse ways to multiply our fiat, but all these method we've chosen has no effect over Inflation, some of us decide to go into:

Banking System: At some point, if you're able to save a huge amount of money, you can as well cut the effect of inflation by taking profit on a daily or weekly basis. You should know even by saving in the bank you're loosing free will over your money and tax is being deducted from your savings.

Saving money in bank is equally not a bad idea, as it was actually one of the best option for people back in the days when Bitcoin ever existed and during it's trying times. But as time evolves and technology advances, it will be unwise still choosing the banking system as a medium for investing and keeping your funds over a long period of time when we have got Bitcoin which stands as an hedge against inflation and that digital currency who gives us full control over our funds without the influence of any third party nor central bank. So for any newbie who still chooses to invest and keep his funds in bank, I pity for him, because when inflation hits him harder, he will regret while not investing in Bitcoin.

[Mekie21]

At the end of day can you say to yourself those options I have taken in the stead of Bitcoin are worth the risk.

Stop selling the idea that whatever you do or anyone does aside Bitcoin will not be successful. There are many opportunities that you are not aware of, which people are using to make lots of money. As we speak, many have invested into something that in the future will be profitable.

Just like the saying, "if you are not informed, you are deformed". Because you are aware of Bitcoin means your own opportunity is here. So do what you need to do and let others follow what they believe in.

If you read this thread carefully, you'll know that I intentionally just mention 3 system that have not given us some sense of value over our fiat as the year goes by, which are bank, pension and personal savings. I know there are lot of opportunities that people are into that I'm not aware of and it's bringing profit to them so I didn't mention that. I guess you pick the little part you want to understand with out looking at if from the light which I'm trying to portray.
This question "at the end of the day, can you say to yourself those options I've taken in the stead of Bitcoin are worth the risk" where specifically directed to the three mention system.

[Agbamoni]

At the end of day can you say to yourself those options I have taken in the stead of Bitcoin are worth the risk.

Stop selling the idea that whatever you do or anyone does aside Bitcoin will not be successful. There are many opportunities that you are not aware of, which people are using to make lots of money. As we speak, many have invested into something that in the future will be profitable.

Just like the saying, "if you are not informed, you are deformed". Because you are aware of Bitcoin means your own opportunity is here. So do what you need to do and let others follow what they believe in.

If you read this thread carefully, you'll know that I intentionally just mention 3 system that have not given us some sense of value over our fiat as the year goes by, which are bank, pension and personal savings. I know there are lot of opportunities that people are into that I'm not aware of and it's bringing profit to them so I didn't mention that. I guess you pick the little part you want to understand with out looking at if from the light which I'm trying to portray.
This question "at the end of the day, can you say to yourself those options I've taken in the stead of Bitcoin are worth the risk" where specifically directed to the three mention system.

I clearly read what you said, but the way you expressed the first sentence and what I understood from is what  I have rightly replied to. No doubt, you raised some valid points and you could do better to add more points.

In the meantime, you could have just add a question mark, to mean you weren't making a conclusion rather, wanting to know if those decisions we took outside of Bitcoin were worth it to us.

Have a nice day!

[durg0319]

Most of us has chosen diverse ways to multiply our fiat, but all these method we've chosen has no effect over Inflation, some of us decide to go into:

Banking System: At some point, if you're able to save a huge amount of money, you can as well cut the effect of inflation by taking profit on a daily or weekly basis. You should know even by saving in the bank you're loosing free will over your money and tax is being deducted from your savings.

Saving money in bank is equally not a bad idea, as it was actually one of the best option for people back in the days when Bitcoin ever existed and during it's trying times. But as time evolves and technology advances, it will be unwise still choosing the banking system as a medium for investing and keeping your funds over a long period of time when we have got Bitcoin which stands as an hedge against inflation and that digital currency who gives us full control over our funds without the influence of any third party nor central bank. So for any newbie who still chooses to invest and keep his funds in bank, I pity for him, because when inflation hits him harder, he will regret while not investing in Bitcoin.

Well, I understand but I still think there is a purpose to saving in banks. Bitcoin is great for holding long term parties and independence, but banks are great for stability, easy access, and less volatility. Not everybody wants to go along with the volatile cycles of Bitcoin. I think that is a smart strategy which maintaining both, Bitcoin for long term inflation protection as liquidity with the banks.

[Mekie21]

At the end of day can you say to yourself those options I have taken in the stead of Bitcoin are worth the risk.

Stop selling the idea that whatever you do or anyone does aside Bitcoin will not be successful. There are many opportunities that you are not aware of, which people are using to make lots of money. As we speak, many have invested into something that in the future will be profitable.

Just like the saying, "if you are not informed, you are deformed". Because you are aware of Bitcoin means your own opportunity is here. So do what you need to do and let others follow what they believe in.

If you read this thread carefully, you'll know that I intentionally just mention 3 system that have not given us some sense of value over our fiat as the year goes by, which are bank, pension and personal savings. I know there are lot of opportunities that people are into that I'm not aware of and it's bringing profit to them so I didn't mention that. I guess you pick the little part you want to understand with out looking at if from the light which I'm trying to portray.
This question "at the end of the day, can you say to yourself those options I've taken in the stead of Bitcoin are worth the risk" where specifically directed to the three mention system.

I clearly read what you said, but the way you expressed the first sentence and what I understood from is what  I have rightly replied to. No doubt, you raised some valid points and you could do better to add more points.

In the meantime, you could have just add a question mark, to mean you weren't making a conclusion rather, wanting to know if those decisions we took outside of Bitcoin were worth it to us.

Have a nice day!

I'm sorry my statement was misinterpreted due to my misplaced exclamation mark, I've got your point of view.Thanks for the heads up. I'll definitely look out for it in the future

[CryptoHeadlineNews]

Most of us has chosen diverse ways to multiply our fiat, but all these method we've chosen has no effect over Inflation, some of us decide to go into:

Banking System: At some point, if you're able to save a huge amount of money, you can as well cut the effect of inflation by taking profit on a daily or weekly basis. You should know even by saving in the bank you're loosing free will over your money and tax is being deducted from your savings.

Saving money in bank is equally not a bad idea, as it was actually one of the best option for people back in the days when Bitcoin ever existed and during it's trying times. But as time evolves and technology advances, it will be unwise still choosing the banking system as a medium for investing and keeping your funds over a long period of time when we have got Bitcoin which stands as an hedge against inflation and that digital currency who gives us full control over our funds without the influence of any third party nor central bank. So for any newbie who still chooses to invest and keep his funds in bank, I pity for him, because when inflation hits him harder, he will regret while not investing in Bitcoin.

Well, I understand but I still think there is a purpose to saving in banks. Bitcoin is great for holding long term parties and independence, but banks are great for stability, easy access, and less volatility. Not everybody wants to go along with the volatile cycles of Bitcoin. I think that is a smart strategy which maintaining both, Bitcoin for long term inflation protection as liquidity with the banks.

I totally disagree with you on the aspect of stability you just mad mentioned above, because though saving money in banks offers us easy access to fiat for daily usage, but when it comes to the stability of your money and it's purchasing value over time, most especially our Nigerian Naira currency, I will say it depreciate sometimes in respect to exchange rate to dollar. Hence instead of saving funds in Naira, it's better to save in dollar. Whereas bank is still good for money meant to be used within a short while.

[Princess Leah]

Banks are still very reiable when it comes to money meant for short-terms purposes but I won't advice anyone to save in the bank for a longer period since it adds no or not much value to what you're saving in it, that's why investment is very important, not just any but a good one you understand better.

 There are many assets out there to invest on including physical and digital, but when it comes to investing on digital assets, I strongly recommend that everyone shouldn't snooze on Bitcoin, it's is efficient and very reliable security Wise and has the potential of giving better value to your money if you invest in it an hodl for a longer period.

[Iamgoat]

In a general note, buy assets don't hold liabilities. There is no benefit in holding fiat, it is non profitable to save large amount in fiat for a long period, the rich always allow their money work for them instead of allowing it lie in banks or at home. The asset of the rich are calculated based on what they own, company, shares and properties not because they have the exact amount in bank. Bitcoin is a digital asset, it has great potential of returning profits on investment, it is optional but a good investment that should not be neglected.

Real security and value comes from owning things grow or retain it's worths over a long period of time. But when you look at fiats especially in countries like Africa, it is like holding an ice which melts slowly through the effects of inflatio and if you notice, the rich people do not store their money in fiats unlike they used to do in the past, what they do now is to buy assets they know are valuable and which will appreciate by itself. Physical assets like gold, stocks, real estate or digital assets like Bitcoin and other strong altcoins. I think in all of these assets I mentioned, the one which seems easier and faster and more accessible is bitcoin in my opinion because it is an asset but a currency you can just easily swap or exchange with fiats and it is readily available for you. What makes it a valuable asset to me even more is, it is scarce, it is global and it is outside the control of traditional banking systems.

[Marvelockg]

Bitcoin has provided us with some sense of security and value despite it volatility. Choose wisely where you'll rather invest your discretional funds

Even with the way bitcoin has become popular, it is still something that some folks ae finding difficult to get fully into because they have gotten used to the system they have been using in the past which is the banking system. maybe because of the convenient that it provides or because they still associate some level of risk to bitcoin, it feels as though sticking to what they are used to is going to be better than going for a new system they either do not understand well or are not even ready to accept in the first place.

every bitcoin investor knows that there is no way you can compare bitcoin to the banking system because in all area of comparison, bitcoin is completely better than the fiat that works under the banking system.

[DYOR+BTC]

Banks are still very reiable when it comes to money meant for short-terms purposes but I won't advice anyone to save in the bank for a longer period since it adds no or not much value to what you're saving in it, that's why investment is very important, not just any but a good one you understand better.

 There are many assets out there to invest on including physical and digital, but when it comes to investing on digital assets, I strongly recommend that everyone shouldn't snooze on Bitcoin, it's is efficient and very reliable security Wise and has the potential of giving better value to your money if you invest in it an hodl for a longer period.

Bank saving is never a good practice when it involves long term saving because of its  low interest generation. Most people with poor knowledge of digital investment programs go ahead saving money in banks which banks carry out investments with them to generate profit for themselves.
As for long term investment, I strongly believe bitcoin is the best profitable place of investment because of its high increase in profit  over time. Considering investing in bit coin since 2020 when its price was below 50,000 dollars till now what do you think could be the benefit of your investment now. You will see a significant increase in the invested money making it a suitable investment platform to invest in