Save up today, and build a future tomorrow.

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Avatar for francis105d1
2 years ago

Suppose you are typing here at ReadCash and NoiseCash. Chances are you have some excellent tips, with which you can buy many things that you probably need but that you maybe shouldn't buy just yet. Now, if you're using your tips for food today, perhaps my article is not for you right now, but read it either way because you may find helpful what I am going to write today.

Bitcoin Cash is a peer-to-peer currency and should be used as such, but that doesn't mean you must spend every satoshi you get because that will be just wrong finance management on your part. Suppose you are in a situation where you must write to earn a living, and you need Bitcoin Cash to pay for your daily bread. In that case, that means you are not working in the real world or don't hold a regular job, which means your country is terrible economically, and as such, you need to get out of there as soon as possible. The first name that comes to mind in a place like that is Venezuela, so if you live there. You don't have any other jobs, and you type to earn a living, and you are using your tips for food; then my only advice will be to get out of there, or to keep living like that but trying to get yourself out of that situation in some way.

For everyone else that still holds a regular job or that doesn't need your tips or whatever satoshis you keep for food, then you should try to think for the future, you know that the foundation for a great future is to save up today, and that applies not only to fiat savings but also to Bitcoin Cash too. Just because Bitcoin Cash is a currency doesn't mean you must spend your holdings are soon as you get them. That will only get you nowhere today and tomorrow.

I will put myself as an example so that you understand better what I have to say:

I think I to buy a new computer because I want to continue typing and I want to create more videos, the computer that I am using today is ancient. I know I need a new one, but I also have $2000.00 saved up. The computer that I want or need costs $1000. Even when I can afford it today, I will lose half of my savings, and that computer will only produce me precisely what I am doing today with my old computer so that I won't be better off. Many said that you should only consider buying something if you can buy it five times from your savings.

My job has been irregular in the last year, which doesn't change any time soon, so my savings will not grow. In the short term, even when I can afford to buy a new laptop, I shouldn't, period. I shouldn't because I know I may need those savings, and I know that it will be hard to save up those same $1000.00 once again because of current market conditions. Just because you can spend doesn't mean you should.

And that's one of the miss concepts of the Bitcoin Cash community, that just because it is a currency, you must spend it. No, you must also save for a rainy day too. Still, people who run businesses don't want to tell you that because that means they will have to lower prices and because that means fewer people will buy, use and replace only works for small purchases where you know you will go and get back your satoshis back, and because that purchase you made is going to be to onboard another user.

It would be best to consider Bitcoin Cash an actual store of value because first, you know it works as a peer-to-peer currency. So in the future, you will be able to use it without worrying about fees if you save up in Bitcoin Cash today because you still can't afford something today. Still, in the future, you will, that is, saving, very different than the term "hold," which is simple hoarding because you're speculating.

With Bitcoin Cash, you get to save up to have a better future tomorrow, and if your goal for saving is not a simple purchase, you could get to that dream much faster than with fiat currency. That is the power of a genuine peer-to-peer currency that you can save up to build yourself a better future.

Saving in your local fiat has been seen as bad because you will permanently lose purchasing value because of inflation. In the case of Bitcoin Cash, you don't have to worry about inflation, but you do have the market problem. Bitcoiners will tell you that saving with BCH is the worst because BTC is the store of value. Bitcoin BTC is not a store of value or a currency; they are a speculation asset, but only time will show you that. In the case of Bitcoin Cash, as long as you are trying to save for a better future, you are keeping it now; if you are saving because you want more fiat in the future, you are just holding.

But the thing that both Bitcoin and Bitcoin Cash supporters will not tell you is to save up money with the purpose to save up to building a better future because that means that businesses that need your money today to pay their employees won't have the resources to do it, in case you haven't noticed the whole economy is against people who save today, because savers remove resources from the economy and businesses starve if you don't send you money.

Saving is one of the things that will help you a lot in the future, and it is one of the things that people don't know how to do. If you have your savings in Bitcoin or Bitcoin Cash today, and you refuse to spend them today, many businesses will have to lower their prices to get you to pay, which is good for savers. Savers benefit the most when you have a currency that doesn't lose against inflation and works as a currency for savers. Bitcoin Cash is better. Not only do you have more upside potential against fiat and BTC, but you also have a cryptocurrency that has the lowest transaction fees once you decide it is time to spend. Because it is a currency first, a store of value second, and a speculation asset third, your savings, in the long run, will go farther in the future.

Save to build a better future for yourself and your family, and saving is possible in the best asset for savers, Bitcoin Cash BCH.

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2 years ago

Comments

la pandemia dejo muchas lecciones, como el no saber cuando llega una emergencia en mi caso he podido hacer pequeñas compras con lo recibido en Noise como mi celular pero otras veces he tenido que usarlo par lo del día a día como la comida, ahora estoy tratando de ahorrar en btc y bch mientras pueda, aquí en Read tengo poco tiempo, pero con animo de seguir escribiendo, y siempre el ahorro es algo bueno en muchos sentido, no se sabe cuando llega la tormenta.

$ 0.02
2 years ago

Siempre guardar dinero no es facil y se deben hacer sacrificios para lograrlo, y con la pandemia las cosas se han vuelto un poco mas dificil para todos en todo el mundo. Estoy en acuerdo contigo pero se debe de estar o por lo menos tratar de estar listo para la siguiente emergencia, y te puedo decir que eso es mas facil decir que hacer.

$ 0.00
2 years ago