Which method do you prefer saving your funds??

[eLdavis]

Laughs, you're just going back to the analogue system of saving money. You want to go back in the dark ages? Ticks will eat up your money for you.

Hahaha just wanted to add another method than my regular savings on my bank acct and crypto wallets. And you are right about the ticks tho. I broke the box on Tuesday and some of the older cash are not fareing so well. So am just gonna save them in a bag and check on them regularly and of cause allow fresh air 😂

 

[Sincerem]

To me the best method happens to be bank your savings are safe and static nothing like the price falling down in regards to crypto currencies they will fall at times.

I hope you voted for bank option as your preferred, so people will know you support it. Saving in the bank doesn't guarantee safety, your money can still be cracked down by anonymous hackers if you aren't careful with your secrete codes. At times bank deducts peoples funds unknowingly to them.

 

[richee84]

There are many ways we can save money and some of those ways have been listed above by u. The best way I feel is safe for me to save money is depositing it in a bank. I feel my money is safe in the bank compare to other ways available for saving money.

 

[Shigobad20201]

To me the best method happens to be bank your savings are safe and static nothing like the price falling down in regards to crypto currencies they will fall at times.

You are quite right, saving directly into your bank account is safe and secure but there won't be increment on your money but if you save in your crypto currency wallet , the money keeps increasing by the day.

 

[Alexandoy]

There are many ways we can save money and some of those ways have been listed above by u. The best way I feel is safe for me to save money is depositing it in a bank. I feel my money is safe in the bank compare to other ways available for saving money.

I worked for more than 10 years in a bank so it is logical for me to agree. What's good in a bank deposit here is the insurance of the government. Your deposit of up to $10,000 is insured that when the bank goes kaput you can recover your money from the PDIC -Philippine Deposit Insurance Corporation. That happened several times already.

 

[Kunkun]

I hope you voted in for the crypto option?? Lol. No doubt, crypto has better chance of earnings than those two remaining options. If you invest wisely on a coin with growing prowess, surely you'll reap the reward.

Lol would do that now, indeed of all the three options I preferred the crypto option mainly because of its volatility and if done right they are lots to be gained too from it

 

[Sincerem]

Lol would do that now, indeed of all the three options I preferred the crypto option mainly because of its volatility and if done right they are lots to be gained too from it

Yes, their is lot to gain saving your coins via crypto. That's why i prefer converting my Fiat currency via crypto to gain when the coins starts moving up.

 

[nimzy]

To some extent I will prefer saving my money with bank. even thou the savings with cryptocurrency is more lucrative and highly influential but with some reasons I don't like is that the value of your money deposited may fail and the withdrawal may not be exactly they amount you have save due to the unstable nature of cryptocurrency business.

 

[tyrim88]

For me i would prefer to save my money in my local currency account,because of the need and urgency that may arise for me to make use of it.If the money is kept in my wallet or any other account,the process to do a withdrawal when i need the money might be tideous and so i would prefer an easy access to get my fund.

 

[Sincerem]

For me i would prefer to save my money in my local currency account,because of the need and urgency that may arise for me to make use of it.If the money is kept in my wallet or any other account,the process to do a withdrawal when i need the money might be tideous and so i would prefer an easy access to get my fund.

I understand, if your saving money as reserve in the future then you should consider crypto cos of its enormous benefits of price increase of the coins, especially when you make the right choice.

 

[Kunkun]

Yes, their is lot to gain saving your coins via crypto. That's why i prefer converting my Fiat currency via crypto to gain when the coins starts moving up.

It definitely it's the right option and it's no surprise lots of people feel that way too, also ones country also matters take out country for example where our currency is weak so it's also an added advantage to us here

 

[Sincerem]

It definitely it's the right option and it's no surprise lots of people feel that way too, also ones country also matters take out country for example where our currency is weak so it's also an added advantage to us here

Yes, it is an added opportunity for us here having weak currency. Crypto is an investment option that will add value to our weak currency and economy. Cos the government will be generating revenue through taxation and the rest.

 

[Kunkun]

Yes, it is an added opportunity for us here having weak currency. Crypto is an investment option that will add value to our weak currency and economy. Cos the government will be generating revenue through taxation and the rest.

Yeah that's right, but unfortunately the government dont see it that way, they are more concerned about the perceived shortcomings of Bitcoin instead of focusing on the benefits it could offer

 

[Sincerem]

Yeah that's right, but unfortunately the government dont see it that way, they are more concerned about the perceived shortcomings of Bitcoin instead of focusing on the benefits it could offer

Those people aren't ready at all to learn the benefits attached to crypto, all they care to know is how to add more money to their pockets.

 

[Richard92]

To me the best method happens to be bank your savings are safe and static nothing like the price falling down in regards to crypto currencies they will fall at times.

I prefer using the bank to save my funds but most people use cryptocurrency wallet in saving their phones sometimes it might be dangerous because of the depreciation of cryptocurrency but when it is in the bank it does not depreciate.

 

[Kunkun]

Those people aren't ready at all to learn the benefits attached to crypto, all they care to know is how to add more money to their pockets.

It's really unfortunate that we are in this situation right now, but still either way the government likes it or not, investment in crypto will continue no matter what till a better government comes in

 

[Sincerem]

It's really unfortunate that we are in this situation right now, but still either way the government likes it or not, investment in crypto will continue no matter what till a better government comes in

Yes, the investment around crypto will continue for sure. Even if a better government comes in, it will still carry on. Cos the govt will look to adopt it as means of generating revenue to the country and develop the country, one way to the other.

 

[Ayokex]

Generally I don't like saving but I prefer investing it instead. The only avenue that usually make me to save money which is in the local bank is whenever I have money which is not mine in my custody. In order to avoid spending it, I'll rather save it in the bank.

 

[Shigobad20201]

It depends if I get money from my offline business, I prefer saving it in the bank butbif I acquire money through online business , I prefer investing and saving it in my crypto currency wallet.

 

[Sincerem]

Generally I don't like saving but I prefer investing it instead. The only avenue that usually make me to save money which is in the local bank is whenever I have money which is not mine in my custody. In order to avoid spending it, I'll rather save it in the bank.

Then what if its your own. Where will you be saving it?? In in the bank account, in the Cryptocurrency wallet, or just giving it to money lenders/collectors to save??