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Which do you prefer saving your money or investing it?
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[QUOTE="sincerem, post: 216328, member: 25228"] You really applied wisdom in your write-up buddy. Life itself is totally unpredictable, as such, we need to save money in the bank account too in terms of emergencies. Emergency needs do come unexpectedly, if we had invested all we had for life, were are we going to get funds to clear the immediate needs? I agree totally with you on the essence saving during the rainy day, no one knows when the unbeknownst occurs. I wouldn't save all I have in my crypto wallet and locking my funds due to investment purposes. Holding in the exchange wallet without locking it serves as a bank account too, because your asset can be withdrawn anytime. We don't have to worry about compromisation of the system, that's why we need to store our cryptos in a more secured and well-known crypto exchange platform. I use binance exchange to save, my funds are simply safe there just as in my bank account. I don't have to worry about compromisation, because your funds wouldn't be affected, Binance cares for all of it. They bear the loss on their own, that's why they take security as priority. [/QUOTE]
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Which do you prefer saving your money or investing it?
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