I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 17.

bitterdog

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Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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?

Both of banks and bitcoin is a good choice for investment. And both of them also have sam big risk for investment. Im glad of you choose bitcoin over the banks because it can increasing the number of people that trust bitcoin. Good luck for the investment!

StImelda

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It is true that bitcoin or cryptos in general carry significant risk, one cannot also ignore the unique potentials of btc as an asset class.If the predictions of 50k by the close of the year is correct,then making 300-1000 percent is something that will happen for all investors in btc this yeat

tutorroma

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You should tell your uncle the risk of the encrypt market, because the market trend is not clear now, you want to let him know that the profit of the goods in the encrypt investment needs to wait.

AliMan

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Quote from: Erlinda Santiago on July 12, 2018, 07:31:18 AM

Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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?

Think wisely and properly because we know that bitcoin is dangerous so keep your money safe im not saying that im against im just that afraid to lose money online

Well any of the two system is a good choice and I'm just so proud of you that you made a tough decision. That's not an easy thing to do so this time I will be hoping that your decision will lead you into a successful life. Whatever the result may be then just live with it. Bitcoin is a great choice and I hope you will be happy into here.

Ahimoth

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Quote from: Erlinda Santiago on July 12, 2018, 07:31:18 AM

Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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?

Think wisely and properly because we know that bitcoin is dangerous so keep your money safe im not saying that im against im just that afraid to lose money online

Well I'm so proud of you that you made a tough decision and now I'm looking forward that it will be worth it. You made a good choice and the other way around is also good. It's just a matter on how are you going to maximize it. I hope that you will be successful in this system and your choice will go in your favor.

iranman

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In the long run, your uncle can earn very well, the main thing is that his patience withstood. Growth is inevitable. The question is only when? Let's hope that both my uncle and I with our guys will be dollar millionaires! Alleluia

SAYDAKHMETOV

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Investing in bitcoin is much more profitable than investing in banks. Because the bank still puts a fixed profit. And in bitcoins, profits can be unlimited.

Coffee135

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Probably to abandon Bank deposits very early. What to do for those who now have deposits only in cryptocurrency? They are forced to sell their coins at low prices in order to meet their daily needs. Whales need that. At such moments we have to keep the coins and spend only Fiat.

Betty10

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Bank investment is for people that play according to the rule, they want guarantee and protection from the government that encourage capitalist to defraud the public. I love these guys, they feel safe but do not think about the changing times in respect to the value of ROI. But bitcoin investment is for the strong hearts, because of the volatility not everyone will be able to withstand a market of uncertainty been constantly attacked by the mainstream to deter weak hands. What ever happens in bitcoin investment, non-greedy investors will always smile and have more purchasing power than the bank investors.

hitrawal91

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There are many reasons you will get to know for choosing the bitcoin investment than the bank investment and one of the major reasons is that bitcoin investment will give you better and excellent returns in compared to Bank investment and that too in the shorter time frame and due to this reason i am here in the cryptocurrency investment. But you need to master the art of trading skills so that you can get the best out of the trading capital investment.

Mister1k

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Quote from: nesty on July 12, 2018, 07:36:22 AM

For me it depends on the person on where to invest your money for as long as you know how to handle risk that is fine but if you are not ready to take risk thats a different story. But personally i will not put all that $20,000 in bitcoin investment I would rather keep it and find other sources to earn those bitcoin and other crypto currencies.

I will put 20k USD on bitcoin without any fear because whatever happened your fund will be there same value in bitcoin until you make the transaction to someone. Please check the bank they use your fund for market shares and they may give the interest for your fund but you will not be able to take the all fund at the same time. But here on bitcoin you can whatever you want. There others will have control on your account but on your bitcoin wallet no will not have the access to it.

gasparyu

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That can be good ofcourse as it can give a big profit throught time. It's also a big risk as it is a big chunk of money. A better thing you would have done was split it 50/50 as in the bank there is a guarantee of interest. with that said you'll get profit from the bank, and if value of bitcoin skyrocket, get a bigger profit. It will e a win-win.

nesty

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For me it depends on the person on where to invest your money for as long as you know how to handle risk that is fine but if you are not ready to take risk thats a different story. But personally i will not put all that $20,000 in bitcoin investment I would rather keep it and find other sources to earn those bitcoin and other crypto currencies.

Erlinda Santiago

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Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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?

Think wisely and properly because we know that bitcoin is dangerous so keep your money safe im not saying that im against im just that afraid to lose money online

Yatsan

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Quote from: Dudeperfect on July 12, 2018, 05:44:26 AM

To be honest, while determining the best investment option, the answer will differ from person to person depending on the risk profile of the investor. Bitcoin and crypto industry is still in the basic phase of development and no one is sure what is going to happen down the road. Thus, one should never invest more than his lost bearing capacity. You have not mentioned the financial aspect and background while posting this case, so it is difficult to analyse it. On the other hand, I would never recommend anyone to invest his entire capital in any single option especially if the investment is going to affect his day to day lifestyle.

Bank and crypto interest have a huge different, in cryptocurrency, coin like bitcoin can give you more profit rather than investing in a bank but more volatile than fiat currency we have, that is why it is risky to do so. Moreover it is easier to invest in bitcoin and no more regulations unlike in bank where there are many other aspects to be considered before investing.

tanghere02

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Although you told your uncle about bitcoin investment is the better option you also could have told him it is risky compared to bank investment. Most especially now that the market is unstable, and the amount your uncle gave you is a huge amount of cash to invest not unless you are willing to lose everything because that is the number one rule when investing; only invest in an amount you are willing to lose.

Ibizugbe1

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Am tired of been paid peanut in fixed deposit in the bank, but they charge an outrageous when you lend money from the bank and one is forced to pay through the nose. I prefer bitcoin investment over a bank investment. No matter what, bitcoin investment has a better return in the shortest possible time frame, but one shouldn't put all his fund in bitcoin. splitting the fund is still a good idea.

absurde

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Quote from: mobnepal on July 11, 2018, 05:07:13 PM

Some rules of crypto-investment ;
1. Never invest in bitcoin using other's money or borrowed money.
2. Never show other's just a bright side of the crypto investment, they will blame you if market goes down.
3. Don't invest all of your or suggest other's to invest all of their savings in crypto, only invest what you/he can loss.
4. If I look at my portfolio, I am down by over 70% right now so better be cautious when it comes to crypto investment.

Golden rules, i really appreciated your post. Never invest any fund using other's money or do not try credit something to invest to cryptocurrency.

Samaaliu

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Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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?

You made a partial mistake. I would suggest you make the investment 50-50%. Since bank investment is more guaranteed, you should have at least put some in the bank. The Bitcoin investment is not totally guaranteed, it is online, anything can happen, worst still, the wallets or your trading platforms could be hacked and you will loose everything. You won't even have a chance of investigating anything, and the $20,000 will be all gone. Your uncle will be in complete ruins. While thinking of him laughing someday over huge Bitcoin profits, Did you also think of this high painful risk of him loosing everything? I am sure your uncle would still have been happy making a profit of $12,500 from the $10,000 you may have invested in Bitcoin, and he won't blame you for putting the other half in bank which was his original investment decision.

One more thing you failed to put into consideration is the human factor. Your uncle is a human. It will be far easier for him to forget the extra $25,000 profit he made through you, than to forget the $20,000 he lost through you.

Leonardo7

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Quote from: OSEIBOATENG on July 11, 2018, 03:26:44 PM

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 will gladly choose bitcoin investment over a bank investment. But I really think you shouldn't put all $20,000 into bitcoin. Except you are very experienced in trading but for a long-term hold, that would be a wise decision. If I were in your shoe, I would put 80% in bitcoin and use 20% as a backup fund.

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