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Having a savings account is not useful in daily life?
by HashBasher 4y ago
Having a savings account is not useful in daily life?
- JohnFen 4y agoCryptocurrencies look to be a particularly bad substitute for a savings account to me. Or even just keeping cash in a shoebox under your bed.
- AlexandrB 4y agoA savings account is generally a no-risk or low-risk investment vehicle. This usually means that you could withdraw the balance on any given day and not suffer a realized loss. Even if you assume that Bitcoin's value will always recover long-term, having short term volatility in the 50% range might mean that the money in a Bitcoin "savings account" will not be available when you actually need it.