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RE: Why do people find it difficult to invest??

in Project HOPE • 4 years ago

Dear @mandate

Interesting choice of topic.

I think we all heard saying "let money work for you", however it seem to me that not many people do understand it well. I used to think that I do and now (years later) I see know little did I know.

I invested my time, energy and money in several different projects within past years. And I feel that I failed more often than succeded. At least initially. Right now experience and patience is helping me to make right financial decisions and it helps me to control our huge enemy: greed.

investment is different than saving. That you are saving doesn't mean you are investing.

TRUE. Now my question is: do you personally consider purchasing bitcoin an investment or saving? I see this asset as a way to protect and store my wealth, so I would say it's a saving. But many would argue that it's an investment. What do you say?

And why people fear investing? I wish to know that myself lol :)

Have a great weekend buddy,
Yours, Piotr

4 years ago in Project HOPE by
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     4 years ago 

    Yea. I think not everybody actually understand letting money work for them . Perhaps they were brought up with this mentality that they must work for money in order to gain the money. .

    That's good to hear. I believe the series of failure you encounter now has shaped you in taking much more better decision than before which is just great to hear also.

    I will say bitcoin is a investment. It has much more potential of yielding profit or income due to the appreciation in the value of the coin which is what favour investment definition.

    I will say it's an investment also.

    Thanks for stopping by.

    @crypto.piotr

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