Topic: I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 16. (Read 1433 times)
in my country i never heard there was banks who give 10% for annual interest even they give it more low than banks in your country and i think 10% annual interest is good rather than invest in bitcoin which is the price is so unpredictable and very risky because we never know when this downtrend will ended
maybe bitcoin can be an investment for you,, but you have to see bitcoin market. i'm sure investing using bitcoin is not wrong ... i'm sure bitcoin to the moon
I would also choose bitcoin investment over bank statement as I don't want my money to just stick with its current value right now, I want it to earn, and in bank investment they would just give you minimal interest with your money not even at least 1%.
For me I would choose bitcoin investment rather than bank investment cause in bank investment you gain only small amount of profit it is not worth it for me, but in investing in bitcoin you make happy in your profit cause it will gain high profitable income even have risk but risk are always there .
You are so risk taker because in that amount you invest all so always be careful on invedting and make it sure that you are not be the victim of the scammers because that amount of money is not easy to find. Yes you are right t is more profitable to invest in cryptocurrency than banks because as i experience it i am earning more in cryptocurrency than banks but alwats be vigilante on what are you doing.
You've made a mistake.
If what you say is true, and the bank can guarantee a 10% ROI, then you should have put at least 80% in there, and only 20% in to Bitcoin. Preferably you should have looked in to other fields as well, such as savings bonds or stocks and shares. Diversity is key.
If what you say is true, and the bank can guarantee a 10% ROI, then you should have put at least 80% in there, and only 20% in to Bitcoin. Preferably you should have looked in to other fields as well, such as savings bonds or stocks and shares. Diversity is key.
Op didn't really make a mistake... He only took a big risk. If his Uncle is very much aware of the risk and can afford to risk that money, why not? Like someone above said, it would have been better if the money was diversified.
Hope this works for your Uncle, Op.
You are high risk taker and I won't recommend you to walk on that path. What if bitcoins fell to 3000 USD and it stays there for two years before recovering? You could have diversify rather by putting more than half into banks treasury bill and the rest into crypto,even not all in bitcoins.
Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
For me its better to choose bitcoin investment than bank investment because investment in bitcoin is more profitable than banks.but the problem in bitcoin investment is that the risk is very high.
Yes of course, I choose bitcoin investments over bank investments
because I know in the company of bitcoin I will be profitable enough because they are the best company among the rest.
because I know in the company of bitcoin I will be profitable enough because they are the best company among the rest.
Both investment can help you make your money grow more profit, but if you really are hungry with money, go invest with bitcoin since many crypto users used it and it's more reliable.
now your task is to protect your uncle from the constant viewing of bitcoin prices. it's a huge risk at any moment. I think it would be better if he put only a part of bitcoin, and not all$20,000
buddy u did great move bcs your investment on bitcoin. give ur uncle very good return and defiantly they like it when they get good profit from Ur wise decision bcs now market is down and defiantly in few days market move will be high like recent. i also did my investment in bitcoin when it was 700$. so keep it up learn and earn.
I hope that you moon your Uncle's Investment and if you give him back 25% ROI in a year, that is a handsome profit for a passive investment and then you can also get some profit if things go up higher. I have no bank investments although I have done terribly in this bear market, I plan to turn things around for myself and my family and maybe who knows, in the future help make all our lives much better through crypto. Right now am fighting for survival at this time and praying for a better market condition in general. I hope it works out for you and your uncle.
Anyway in another hand I can say that bank investing is 100% secure, and you can always know that you have a guarantee of returning your money back, crypto is not the same. You can eventually just lose everything that you invested here.
You have really done a great job. What I love is the explanation given to your uncle on the pros and cons with regards to btc and its security amd risks in it. He can win and at the same time loose too. Nevertheless the probability of wining is very high. Nice suggestion and a bold step taken.
Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
Yes me too i would choose bitcoin investment that bank investment because investment in bitcoin it proved quite profitable for me. but take in consideration that banks are safe and you will never lose money in there, and bitcoin as an investment is very risky.
I think what you are doing is a very good idea and the right decision to invest your uncle's money into Bitcoin.
Bitcoin is more profitable for long-term investments.
When everyone receives Bitcoin I think you and your uncle will benefit.
Bitcoin is more profitable for long-term investments.
When everyone receives Bitcoin I think you and your uncle will benefit.
You've made a mistake.
If what you say is true, and the bank can guarantee a 10% ROI, then you should have put at least 80% in there, and only 20% in to Bitcoin. Preferably you should have looked in to other fields as well, such as savings bonds or stocks and shares. Diversity is key.
With the OP's confidence, I'm not sure he was made a mistake. He already knows the risk of investing in cryptocurrency but he remains confident that cryptocurrency will benefit his investment. Profit will always meet for someone who always take risks, there is no one who make wealth with little risk and instant wealth will only be obtained from the inheritance. If what you say is true, and the bank can guarantee a 10% ROI, then you should have put at least 80% in there, and only 20% in to Bitcoin. Preferably you should have looked in to other fields as well, such as savings bonds or stocks and shares. Diversity is key.
Bank investment and crypto/bitcoin investment both have their own risks. I would say maybe the reason why you prefer investing on bitcoin is how fast the ROI can be, unlike bank that percentage and returns are very slow bitcoin can change and have it's profit for investor in just a snap. For us it is very pleasing and very powerful on pulling investor. We want instant profit in short and that is what bitcoin have in it's nature. Just as how fast tech and innovation changes bitcoin can keep up with it's phase I would say.
Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
Knowing that it is not your actual money investing in bitcoin, you made a bad decision man. If i were you i will suggest my auncle to split his investment, because what if the market won’t recover? Or what if it continues to go down? As what you have known in crypto, nothing is stable and everything is volatile and will always fluctuate. You will take all the blame when everthing go wrong with the investment. Splitting it into two giving him assurance with his money and what ever happens his money is safe on the other side of investment in the bank. I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
Me too i choose bitcoin.. But in you situation dont ever get someone money to invest in bitcoin try to invest your own money so no one can judge you and get angry if bitcoin goes down. by the way happy to know that your uncle is easy to him to understand the crypto world..
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