I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 18.

LastKiss

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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?

As long as you wont regret if you lose all your money when you invest them then it should be fine I thought, I'm sure that you did the best to convincing your dad and that's a good choice rather than choose BANK INVESTMENT. But you should try to invest on altcoins too, because there's many promising altcoins out there Wink

sunsilk

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I'm inclined with what you've said that bitcoin is a secured investment. I wouldn't guarantee someone that asks me to invest his money for guaranteed returns.

Although, I admire your support to bitcoin I'm glad that you choose it instead of any altcoins that are much riskier than it is. If that amount is an affordable amount to lose from your uncle, get ready to have the final laugh for profits or endure the bear market for months or even a year.

It's better if you divided $20,000 into 2-3 investments including bitcoin.

You are holding with an estimation of 3BTC. Good luck to all holders including you, I know you have an idea on how the market is dropping lately.

uramadahan

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It's a bit risky at the moment but it'll be much more reliable in the near future as an investment.

Bugsbey

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Quote from: helen28 on July 11, 2018, 03:39:10 PM

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%.

I think of that too. I do not invest in a bank really eversince. I always think the earnings is too low and you are not secure with your money. For when the bank will file bankruptcy, what will happen to your money?

virendarnagpal

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There is one law for investment i.e. Higher the risk higher the profit is.

Bank investment has almost negligible risk but the return from investment in Bank schemes is very low. It's rate is almost around the rate of inflation prevailing in that country where that bank is working.

On the other hand if one wants higher rate of return he must invest in markets like stocks or crypto market. Crypto market is new and many people have earned from it. If we enter here at this time we will be getting the advantage of early entrants too. Buying bitcoin is best option which the op has done. So I think buying bitcoin at this stage shall yield high returns in a short period of around 4-5 months.

Dudeperfect

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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.

FourByfour

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D.U.G

I hope you give information about the great risk it holds,and not just giving sweet talk, because your uncle might only know the profit and forgot the about the risk.

Herbys

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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 think that by the end of the year Bitcoin will not cost more than 10K, so you will not get 25K profit, but in a short case it will be more than 2% per annum, as in a bank.
You need to monitor the market and try to sell, and then buy Bitcoin again, then you will receive profits of more than 25K.

Francokass

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Bitcoin investments is better than Bank investing because it's brings huge profits, but it's carries higher level of risk. We need to invest right.

burakdat

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"I invest and Doing Bounty Campaign"

That is a good decision being done because this will help your money to grow more and i guess you know also what are the things needed before you invest in cryptocurrency like checking the market price if it is low and for that you could be able to sell it and profit when market price goes high.

jademacoy

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That is a good choice then because it grow immediately as the bank could not offer a good increase on your money. But here in cryptocurrency it may be risky but still it is worth it to invest because getting profit could not be difficult. All you need to do is to wait for the market price increase and sell your holdings.

42K

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Erotic Industry on the Blockchain! RachelX

I will also choose that for my uncle and I will say this will be the best investment ever your uncle has made and he will never regret doing it.

Shimmiry

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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?

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This decision is very wise, and soon you will give your uncle enough fund. Through investing in cryptocurrency, bitcoin to be exact, it will give you more profit rather than investing in the banks which profit will depends on the plan. But in bitcoin itbis consistent and easy to withdraw if you need to do urgent transaction. More advantage in using bitcoin.

cryptokingpins

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Its better to diversify. I havent gone all in on crypto.

Sergio444

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Yeah, everyone will choose investing in bitcoin than to invest into banks. The bank yields no profit for investing such a huge sum of money yet, charges high percentage interest rate for loans. I really think you have taken the right decision.

iamMhew

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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?

thats a good choice mate, for me, the interest from the banks are small to be added at the end of the year. but it is more secure and has a real interest to be added and get after the time, im not saying that bitcoin is not secure, bitcoin is more secure among all crypto currency and thats true. and the interest that bitcoin can give to you is huge, when the time comes in green. double, triple or maybe quadrople to be get someday. and tell your uncle to have more patience and hold his bitcoin for almost 2-3 years to see a better/best result of his investment, because for now he cannot see his first profits at this time.

Jolozxc

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My neighbor introduce me cryptocurrency/bitcoin he is the one who encourage me to join to this industry and he is also the one who told me that instead of keeping my money on bank or savings why take a risk on investing on bitcoin and im learning it now how it works.

cryptopranto

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I also have my most of the money in crypto currency. It's better than banks for me i think.As it has the ability to grow..

lghdt943

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Comparing bitcoin with bank investment has both advantages and disadvantages. The advantage is that the investment returns a high bitcoin, but the disadvantage is that the risk is high, and the volatility of the market may cause you to lose even the principal. But bank investment will allow you to secure a certain amount of income.

hadveach

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it is a good choice, bitcoin offers a great advantage to us, if you are lucky, then you will get profit more than the money given by your uncle.

but do not forget that bitcoin also has a big risk. I hope the end of this year bitcoin will reach a value of $ 50000.

August 2017 is the first step of bitcoin rising slowly, and in November bitcoin rise to highest point.

Topic: I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 18. (Read 1433 times)