Saving and investing are not the same thing
90% of investors don’t know the difference…
Discussion
Saving is like storing your seeds... investing is watering them.
The worst thing is they truly believe that making money from money is normal.
Interesting! I'm not sure I've thought to define the difference other than Bitcoin not being an investment like many try to push.
I asked Grok "What's the difference between saving and investing"
Grok clearly wasn't thinking of Bitcoin, as bitcoin is better than everything he suggested. It can increase more than 10%, is liquid, and can either be saved for 6 months or 20 years, depending on what someone wants to save it for.
Would you say Grok was generally correct, or is there more to the difference between the two?
The Austrian School of Economics is your friend here
Study “sound money” and you’ll start to see the difference clearly
Before I did, I had no idea there was a difference between saving and investing
The reason was there was no money that performed the store of value feature well, aside from potentially gold, but now that Bitcoin exists you can simply save with sound money and get capital growth in purchasing power
An investment means you’re taking risk in another asset class to money
Great rabbit hole
Thanks for explaining. Sounds like the things I've been picking up from hearing what my husband listens to, and talks about 😇
My own thoughts were that saving previously wasn't good because inflation would eat it up, but because of Bitcoin, we can now save and actually see how fiat inflates away, allowing us to actually have a stronger buying power by saving in bitcoin, rather than investing in really anything, as all of those things are based on fiat, plus houses can get damaged, and companies can go bankrupt, making investments risky on two levels.
Bitcoin, on the other hand, is solid, stable, and salable, and moves almost faster than phone notifications at times!
I know it goes up and down compared to fiat, but it's still stable, because as long as I don't sell it, my sats are still my sats, and a momentary dip doesn't mean much in the long run! Whereas with anyone who invests, if it dips too low, they're inclined to sell or lose everything as the asset that's backing it is potentially not good anymore. but we all know bitcoin is a safe bet regardless of how many dollars I need to pay to get some!