Best way to save \ stacker news ~econ

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Best way to save

421 sats \ 40 comments \ @Rothbardian_fanatic 20 Oct econ

What do you think the best way to save is? Many people have many ideas on saving, what is yours?

Bitcoin87.1%

Other cryptocurrencies 0.0%

Gold0.0%

Silver0.0%

Land12.9%

Creating your own business0.0%

Create something that makes Royalties0.0%

Stocks0.0%

Bonds0.0%

Money markets0.0%

31 votes \ poll ended

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240 sats \ 3 replies \ @User21000000 20 Oct

Real estate has made me the most money then my superannuation then bitcoin but that’s because I’ve been doing the first two the longest

0 sats \ 2 replies \ @Rothbardian_fanatic OP 20 Oct

Yes, we all didn’t all buy bitcoin when it was at a fraction of a cent. I remember first hearing about it when $10 would buy a whole lot of Bitcoin. But bitcoin could not buy much at all. Pizzas costed multiple bitcoin.

0 sats \ 1 reply \ @User21000000 20 Oct

Correct but it’s fast catching up even tho I started on it much later

0 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Oct

I noticed that, too, but I still see too many hazards involved to put all my eggs in one basket.

171 sats \ 5 replies \ @kristapsk 20 Oct

"Creating your own business" is not savings, it's work.

0 sats \ 4 replies \ @Rothbardian_fanatic OP 20 Oct

Yes, it is work, but you are also creating value for the future of your venture.

0 sats \ 3 replies \ @kristapsk 20 Oct

Yes, but that's not "savings". You can also create value by just being employed.

0 sats \ 2 replies \ @Rothbardian_fanatic OP 20 Oct

The earnings for the entrepreneur is profit. You get to keep the profit you generate from your efficiently meeting the demands of consumers. Being employed by someone else earns you only wages. BTW, capital earns interest and land earns rents. When you reinvest profits in your company, you are doing it to expand the company and earn more profits, thus saving them in the form of the company value.

0 sats \ 1 reply \ @Msd0457890 20 Oct

It is a very good argument.

0 sats \ 0 replies \ @Rothbardian_fanatic OP 20 Oct

Thank you!

121 sats \ 15 replies \ @Jon_Hodl 20 Oct

I selected Bitcoin but Land would have been my second option if Bitcoin wasn't on the list.

I want land for it's real-world utility and not primarily as a store of value.

0 sats \ 9 replies \ @DesertDave 21 Oct

Hopefully when bitcoin takes over, we will stop storing wealth in property. But I agree. Land is a great investment

11 sats \ 8 replies \ @Rothbardian_fanatic OP 21 Oct

What would be happening to you if you were in Cuba right now? Can you wrap your head around that one?

0 sats \ 7 replies \ @DesertDave 21 Oct

I have no idea. I don't know anything about Cuba or anything for that matter.

11 sats \ 6 replies \ @Rothbardian_fanatic OP 21 Oct

DesertDave, hmmm….. I was once stuck in the desert for about 3 years. Along with rain, there was a dearth of information.

10 sats \ 3 replies \ @DesertDave 21 Oct

I was born and raised here in the Sonoran desert.. of course now I don't live in a city but instead I am isolated surrounded by miles and miles of beautiful desert. I absolutely love it. What kind of desert were you stuck in?

0 sats \ 2 replies \ @Rothbardian_fanatic OP 21 Oct

I was in the Mohave desert in California between Death Valley and San Barnadino. I kind of liked it but was not free to leave it.

0 sats \ 1 reply \ @DesertDave 21 Oct

That's wild. How did you get stuck there? That is some intense desert.

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0 sats \ 1 reply \ @DesertDave 21 Oct

It's a great place for transformation. The veil is thin in the desert.

11 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Oct

Especially the inner veil.

0 sats \ 4 replies \ @Rothbardian_fanatic OP 20 Oct

Yes, It all depends on what you want as an objective.

0 sats \ 3 replies \ @Jon_Hodl 20 Oct

Bitcoin is how I am saving to buy land. Once I buy land, I will continue to use bitcoin as the best store of value in history.

The land might also lose value at a rate slower than fiat but it's still a depreciating asset in relation to bitcoin.

0 sats \ 2 replies \ @Rothbardian_fanatic OP 20 Oct

The whole merry-go-round stops when a lot of the speculation stops. If states make bitcoin illegal and CBDC the only legal crypto, it is the end of bitcoin as an appreciating asset

0 sats \ 1 reply \ @Jon_Hodl 21 Oct

I doubt it. They can't make it illegal everywhere.

Making bitcoin illegal will only drive its use underground and into black and grey markets as people flee those no-bitcoin zones and into ones that allow it to flourish.

0 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Oct

No, it might not be illegal everywhere, but if they make it illegal where you are you are SOL! Again, left holding the bag by the government. What if, at the same time, they make cash illegal and CBDC the only acceptable currency along with the programmable bits (like no traveling further than 15 minutes from home)? It seems all of those situations are on the WEF/UN menu right now.

43 sats \ 2 replies \ @Taft 20 Oct

You ask Bitcoiners, "What do you think the best way to save is?" and expect an answer other than Bitcoin? 🤔🤔

10 sats \ 1 reply \ @Rothbardian_fanatic OP 20 Oct

Sometimes, I think of Bitcoin as an instrumentality rather than a goal. I think that people are using it more as an instrument to get what they want. This is real “money”. Saving for saving’s sake is a circular sort of reasoning. Therefore I ask what is the best way to save. I expect that the person who said “Land” has land as an objective as well as an instrument. People can save Bitcoin to put into land for future value.

0 sats \ 0 replies \ @Taft 20 Oct

If you put this way, I think you are right. I also think there are people who use Bitcoin as an instrument. I don’t know if it is good or bad, but it is a fact.

52 sats \ 1 reply \ @TheMorningStar 20 Oct

This poll already has a clear winner.

0 sats \ 0 replies \ @Rothbardian_fanatic OP 20 Oct

Why don’t we wait for more results to see what people have to say.

10 sats \ 3 replies \ @k00b 20 Oct

Who chose land? Explain yourself.

118 sats \ 1 reply \ @User21000000 20 Oct

lol sorry mate I picked land as it was how I’ve currently saved the most value but I have misread the assignment.

In the current environment real estate is a great way to save money but bitcoin is better I’d imagine if I bought bitcoin when I first got into realestate I’d be Oprah rich in fiat terms

5 sats \ 0 replies \ @Rothbardian_fanatic OP 20 Oct

You might be working on the differences between saving, investing, speculating and gambling.

16 sats \ 0 replies \ @Rothbardian_fanatic OP 20 Oct

@k00b, I published another article about the FBI crypto scam. You might like to read it. More reasons for Bitcoin.

0 sats \ 1 reply \ @Taurus 21 Oct

Land 😂 where? New York City?

0 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Oct

I wouldn’t buy land in New York City to save my a**. I think they are going to have a lot of tough times for the coming few years. Also a population recede.

0 sats \ 1 reply \ @DesertDave 21 Oct

You know where you are right? Of course we all think bitcoin is the best.

11 sats \ 0 replies \ @Rothbardian_fanatic OP 21 Oct

Yeah, I was kind of confused about means and ends!

0 sats \ 0 replies \ @Msd0457890 20 Oct

Bitcoin is the only asset that will be and continue to be the best way to save.