The Hidden Risks of Traditional Savings
Earning money is not too much difficult, but when it comes to saving it is very difficult because it needs a proper plan and strategy.
A wise investor is not a person who earns money but the one who have proper strategy for saving and rolling his or her mony.
I know many investors in my Society who are interested in Banks. They want to earn a passive income of 20 to 24% APR.
But they don't know about the real importance of money that the capital is going down on the daily basis.
They don't know the inflation rate all over the world, especially in the third world countries where the inflation rate is very high.
This is the main reason why third world country banks are giving High APR interest because they are also taking the capital of the money from the people.
Similarly, if we talk in the crypto Market people are more interested to invest in stable coins and to earn a steady income.
I think this is not a good strategy to invest in a stable coin because investing in any stable coin can give you more and more 20% like #HBD.
But if you will take some high risks like investing in any volatile coin, you will surely gain a good capital gain which is far better to earn a steady and passive income.
According to my preferences I will invest in the alt-coins or Bitcoin which will surely give me a capital gain in the long run.
I may not get a passive income on monthly basis. But in the long run, I will get a good capital gain, Which is far better than the passive income which I Get from stable coins.
What do you people think? What will you prefer either investing in a stable coin or alt coins? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
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