RE: Day 1 - Advent Calendar 2023, Win prize everyday! 🎄🎁
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I have plans to save a particular amount before this year runs out because it is an amount I need for my internship program next year.
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Success in your internships. You will have what it takes to make it.
Thank you very much dear.
Yes,it will work out as planned 🙏
You'll do it. I have no doubts on it. Best wishes for you.
Thank you very much dear 😊
Hi @jmis101, when in BTC and save in HBD, THEBTC, it will continue to earn and maintain its value, and with the HBD, you earn 15% per year, which is more than what the banaca gives, already in both process you have access and control of your money.
I don't really understand this.
Can you explain more.
Hi @jmis101, it's very simple, the situation is that one usually keeps money in FIAT currency, either in the currency of the country or in dollars.
Now, the dollar, although it has risen a little with the arrival of Trump, it is still in a huge crisis, due to the US debt.UU, in fact if you do a little research on the subject, the USA, you will see that that country must pay 2,400 million a day for the interest on the debt.
And the US, continues to put the money-making machine to work to finance war expenses in Europe, the Middle East, and other expenses. Before, a good part of the inflation and a good part of the recovery of the dollar, came through the countries of the third world and through the purchase of goods at the level of imports and exports, since everything was done in dollars.
But with the positions of ASEAN, the BRICS, the position of Saudi Arabia and other producers to sell oil in other currencies and not only in dollars, but the countries that are uniting and fighting against the Western economic measures (Russia, China, Iran, North Korea, Venezuela, Cuba and many other countries in Africa and Asia) the USA and the United States of America and the UnitedIn the USA, they are losing a circulation market of the dollar, which exceeds, but 1500 million people.
This forces the US.UU to assume a good of inflation and payment processes, which were previously assumed by third parties. That's why Trump's threats, against countries that make policies to stop using the dollar. All this, plus other slightly more complicated things, make the dollar go on a roller coaster and it is reflected in the inflation that exists in the USA.UU and in the increases in expenses.
The same thing happens with national currencies, because they all work, under the debt system, for financing through central banks.
Therefore, savings cannot be made in dollars or in national currencies, but in solid shelters of value.
And the most easy-to-acquire value haven that has increased and sustained its value and will continue to rise over the years is BTC. That's why I tell you to save in BTC or in HBD, because both belong to their own economies, with a certain level of solidity and in the case of HBD, it pays higher interest than banking.
In short, FIAT money and the dollar lose value every day, so the best way to save and save is with commodities, with BTC, and/or other cryptocurrencies, that you can control yourself and that have a solid and non-inflationary economy, that ensure your savings.
I hope I have clarified the comment for you.
Happy day.
Oh yes.
Now I understand it.
Saving in BTC is indeed a great investment.
Thank you very much dear for this.
Will buy some BTC.
Sounds like an excellent plan you are having
It will go well.
Thank you very much dear 😊