Ask Leo - Which One is Better For Saving: Crypto or Money?


In this kind of economy where things gets high in price every day and wages don't rise. We have to put one or two things together to earn extra money to survive and if possible get into the habit of spending less, distinguish between our wants and needs to avoid buying unnecessary things that we don't need right now.

Saving is good, but not everyone can convert their income into savings, some struggle with too many bills and some don't earn enough to be frugal. Still, the savings are most important when we talk about needs. If you save some money, when an emergency arises you won't feel awkward because you have a place to put your mind.

Nowadays, however, everything has become digital, and most people no longer have to deal with the physical aspect of saving. Only few people still put their money in the bank to save, people now prefer something that gives them room to have full control over their money, and one of them is cryptocurrency.

Many people now neglect the traditional way of saving and put all their money on cryptocurrency because of its benefits. While cryptocurrency is a good way to save, especially during the bear season, and when it is bull you enjoy 2x or 3x your savings which is not possible with the banking system. It is very beneficial to save with cryptocurrency when we talk about multiplier, but at the same time it is very risky.

The cryptocurrency market is unpredictable, you can't know exactly what will happen after you save your money on it, and I think that makes the system unreliable in an unstable aspect of the market. It is a 50/50 chance that the money you save with Crypto can increase or decrease. Therefore, it is up to you to decide what is best for you. Cryptocurrency or money?

What is your thoughts on this, which one is better for saving.

Best regards @adedayoolumide

Posted Using LeoFinance Beta