Savings for the future, in a world at war

Oct 8, 2022

Ever since money was invented as a payment method, people have gone to great lengths to have as much as possible. It is natural to want to get ahead and create a better future for your family and yourself. Both gold and a piece of paper have become an obsession for many. I know of a song that between its lines says the following:

"There are those who have 6 million and are terrified of keeping 5"

This greed and not looking beyond their own noses is what makes them lose the north completely and the compass of their life. Money to a certain extent corrupts people when it is treated as an obsession. But the sad reality is that it is necessary today and apparently there is no Solomonic win-win solution.

Some countries in the world are so poor that their inhabitants have absolutely nothing. Just about 4 walls where to spend the night, with such precarious conditions that it is really sad to see them in those conditions. Without water, electricity, food, without the slightest living conditions, with the same change of dirty clothes and sleeping on the floor. There are several children, and in that family, hope turns gray every day a little more. So I look in the mirror and ask myself: What am I complaining about?

The day we learn that if we have a spyglass, it is better to look at ourselves first and then look at the neighbor, we will be happier. We have the false criterion that we deserve everything when it is not so. I'm not saying that it's wrong to want to prosper, but you have to be grateful for what you have and realize that your neighbor can be constantly in critical moments, like a verse of another song that I really like:

"Don't forget your neighbor who has a boat rope for lunch"

Then comes the war. Just when we were coming out of a pandemic that hit (and still hits to a certain extent), more deaths, despair and anxiety arrive. The reasons may be several, but my personal opinion is that whatever they are, war is always a horror for everyone. The economy and the world feel it since we have all been affected in one way or another by this situation. The application of sanctions against countries makes everything even harder, and the boomerang effect begins to be felt from minute 1. There will come a time when everything ends since we all hope that it will not continue to escalate and we will have a 3rd world war, which would be devastating and surely nuclear. So if those movies where everything disappears in a matter of minutes and the world turns into a gray place would come true.

Do you save in USD, EUR, or in Cryptos like BTC, ETH, or even BCH?

This is the million-dollar question and the one that no one would know how to answer for you.

Some will tell you that it is better to leave everything in USD, and others that it is better in EUR. But did you know that the EUR recently fell against the USD due to the war itself? No one knows what will happen in the future.

Others will tell you that it is better in BTC for sure, but you don't know when is the right time to buy and you are afraid. Also when you buy, a few seconds later the price plummets more than $2000 USD and then you start to break out in a cold sweat and think why you got into this, you are already at a loss and it's time to wait for better times. But you do not wait, you do not have patience, you are new to this world of cryptos and you win with a loss. There are also doubts about which cryptocurrency to buy, with hundreds of them on the market and you do not want to buy only BTC. The doubts are abysmal.

Save for the future?

Of course. Here in my country, there is a very common phrase that we all know:

“Save bread for May”

This refers to the need to save and be prepared for future contingencies. As long as you can leave some money from the savings of the month, leave them, that's called saving. Like if they are some satoshis, even if they are a few, maybe tomorrow their value in the market will surprise you.

Here are some articles that I found interesting today. In addition, they deal more or less with the same theme as this one of mine, a strange coincidence, because while I am writing this article of mine, I was reviewing some of them on the platform and I realized that these two deal with common aspects from a certain point of view.

The first is from the author @ThomasWolf, titled: What is Your Crypto End Game?

The second is from the author @Fexonice1, titled: Why did I choose to be stingy with money today?

I hope you enjoy them as much as I did reading them and drawing your own conclusions.

See you tomorrow!

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