Sacrifice your temporal needs for the future is basically the finest concept of saving. The best way to describe this by explaining the word saving, which in arabic middle ages they called horro to freed slaves. These people, during their years of services collected certain amount of money to buy their freedom, rated a Y amount. The word itself is tied to think in the future, keep your money to free yourself from something negative.
You live this or you did it at some point. Go to the bank to deposit your money for savings and they offer you rates that are ridiculously low. If you take inflation and subtract it from your savings, you will see how slowly your money begins to dilute and suddenly, USD 100 from the day of 10 years ago, is no longer worth USD 100, it is worth less and that you realize when you go to the supermarket and want purchase a product. Do you remember 10 years ago? With that money you could live a whole day, pay for transportation, eat something and with luck, you could eat a reasonable dinner. Today is not enough to take a step.
So what are we left with? The answer is quite obvious: invest. In fact, for economists and financial coaches, this is the obvious step to take. But here comes the important thing: making investments and saving are two completely opposite things: Saving is something liquid, it does not have too many loss variables, almost none in fact. The fact of putting your money there and waiting 5-10 years to use it and have it there, that's it. The opposite happens when we invest. which is taking money to put it at risk so that if it goes right then you make a profit but if it goes wrong you lose it.
How to ensure little loss in investment? Well, doing research, running analyzes and strategy tests in different scenarios, using different techniques that guarantee one thing: winning. But today, with the fiduciary system we have to add one more thing and that is to beat inflation, that is, your earnings must be equal to or greater than the inflation of your country so that you really take care of your money. And what's wrong with investing? There is nothing wrong, but imagine the following: in the world there are human teams, technical specialists with more academic degrees and studies than we can imagine, working in different areas of finance who take money from companies, people, pensions retirement and puts them in the stock markets.
And yet the vast majority of them, with all the software equipment and mathematical knowledge, can't beat inflation. But if you noticed in the last few lines, we are talking about investing as a job because, in fact, investing is a job. You, in your profession, today, are obliged to invest (extra work) to ensure that money does not lose against inflation, but you can no longer do anything to save because saving itself is putting out the fire with Coal.
The requirement to start being an investor? Suppose you want to do it right and you feel comfortable as an investor doing currency speculation with the USD/JPY pair, so here you have to learn:
  • Monetary policy of both Japan and the Federal Reserve.
  • Exchange market and its hours.
  • Percentages of growth, decrease of the monetary mass.
  • Commodity markets that use these currencies and how they will affect the exchange rate of the day.
  • Meetings of both banks where interest rates are decided
  • Will wars affect currencies?
This obviously assuming that you already understand how to proceed in a specialized tool for this purpose and you have an adequate strategy. This is bad, in my opinion, since you should spend your time learning more about your profession, being an engineer, athlete, doctor than watching your money or trying to accumulate more in order to save your future.
I will explain this to you more graphically: in societies where they are fighting inflation day by day, you see citizens take their money and spend it as quickly as possible before prices go up again. Let's go to the station to refuel before prices go up again or buy enough tomatoes, there will be no more tomorrow among so many examples that we can debate but the main point is: day-to-day survival matters much more because there is a lot uncertainty of the future, so once again we return to the main initial question: why save when tomorrow there will probably be nothing?
Saving bitcoins allows you to skip this entire investment process and problems of learning everlasting political changes. With bitcoin we have a tough policy of 21 million coins divisible into eight digits with ever lower inflation, resistant to censorship, auditable all the time and above all things, I think this is the most important factor: in 10 years, it is very likely that your bitcoins are there.
Great post. Financial awareness and competence are important but I want not learn to "invest" just to fight inflation!
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Precisely the result of abandoning money in favour of currency alone. Money is for saving, currency is for spending. Saving something that is for spending is inapt, hence the correction is to invest.
As noted investment is not easy and even professionals misstep. Perhaps money, in the olden days gold, was abandoned that the amateur spender could be more easily beggared due to their lack of investment skills, while anyone can exploit thrift with money. HODL! (Because its easy and it works, just like dollar cost averaging)
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Yield is a disease of the fiat system is something I read recently. Hodl is super easy to do it.
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Only 21milhion