100 sats \ 3 replies \ @hodlpleb 12 Mar \ on: Why doesn't Bitcoin.org recommend keeping your savings in bitcoin? bitcoin
Because what if your house needs a new roof or your kid has medical emergency and you bought at 58k and now bitcoin is at 16k ?
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0 sats \ 2 replies \ @duvel OP 12 Mar
I would say that if that money was in the bank, there's a probability you couldn't use it because it could be marked as a suspicious transaction and it would be frozen.
With every new halving passed I think a new bottom is set, because the bottom prices keep getting higher, but with a higher price for Bitcoin you could also see higher volatility.
In your example you were talking about emergencies. Probably for that it's good to have some money in the bank along with gold e.g. The rest in bitcoin savings is for the long term that you use when you choose, not because of an emergency.
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0 sats \ 1 reply \ @hodlpleb 12 Mar
Might just be based on the definition of "savings".
My "savings" is for regular use. My "investments" are for the future/retirement.
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210 sats \ 0 replies \ @duvel OP 13 Mar
Yes true. My definition of savings is without or with less risk to defer spending and use it in the future. Investments I see as something with risk to gain return of investment which you can use on a regular basis.
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