Replying to Avatar mrclownworld

Saving = keeping money safe and handy

Investing = putting money at some risk in order to grow it

You are suggesting “safe” is a simple binary, I am saying it’s a spectrum, and honest people can disagree about what is “safest”

Holding Bitcoin, for example, is not an investment, because it has no chance of growing. Holding it in self-custody means that is handy and safe (no other person can reassign it without the private keys)

I get that you feel holding gold is the safest form of savings, and that’s a totally valid opinion. But pretending it’s the *only* form of savings that can be considered “saving” when billions of people are actively using other things to save is just retrofitting definitions to fit your opinion
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a source familiar with the matter 3mo ago 💬 1

It's not about risky vs safe. It's about whether you choose to relinquish control.

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mrclownworld 3mo ago 💬 1

Control is not in fact part of the dictionary definition of either word.

The distinction between savings and investment, according to the dictionary, appears to turn on intent - conservation/preservation versus growth/return

If you think gold is the best tool for saving, that’s perfectly reasonable and you’re free to argue that point, but is there really a need to redefine words in the process?

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a source familiar with the matter 3mo ago 💬 1

From your own definitions

saving - setting something aside for the future

investing - expending resources/money in hope of a reward

either the resources are set aside (not expended) or they are expended

It really is black and white, it really is what I'm saying (although the exact wording is slightly different)

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mrclownworld 3mo ago

You are adamant that bitcoin is an investment and not savings, but held in self-custody, it is not expended, and there is no possibility of growth

These definitions, which are not mine, they are the dictionary’s, are not the same as yours