Topic: I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 19. (Read 1433 times)
I really can't say that what you did is wrong but I think it would be wise to also invest into banks because you have large capital in your hands and it banks is one of the safest investment with you. At least give a percent investment in bank though. I think you did a good call for investing now because Bitcoin's price has dump since February which I think this time of the month is the lowest we could see. If you are patient enough, you could triple or double your money in a year.
Better not to put it all in one investment or all in bitcoin or crypto investment. As what the saying says never put all your eggs in one basket. And also only invest money you can afford to lose.
With how slow your money moves in a bank, i don't consider it to be an investment. More on storage perhaps. Banks are safer for your money but interests will take years especially if you don't have that much in it.
I believe you did the right decision investing in bitcoin. I would strongly suggest that investing in bitcoin should be considered long term process so that you can really see the wide range in the price adjustment. When the market is in down trend, be patient and do not ever panic at all as the fluctuations are really part of the bitcoins growth and considered normal.
investing in crypto is not as easy as you imagine about its profit. The fluctuating price of bitcoin requires patience to wait for the profit you imagine, so my advice if you give education about investing in crypto do not just profit its in convey but its risk also in explain
Better not to put it all in one investment or all in bitcoin or crypto investment. As what the saying says never put all your eggs in one basket. And also only invest money you can afford to lose.
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?
I think you should also tell your uncle investing in criptocurrency is not always beneficial multiply because there is a risk in it so he is not disappointed in the future.
good job
It is something good after all, but take in consideration that banks are safe and you will never lose money in there, if you consider bitcoin as an investment, be careful, because you can easily be deceived in a near future, just take my advice
Something extraordinary because it can help someone by giving the best way to invest in bitcoin so bitcoin more famous and get a positive response, which is important you already explain the risks received when investing not only talk about profit but the weakness when the market is red.
I hope you made a right decision and have patience to wait for the right time that the bitcoin will go green steadily for more than 50 percent in a span of less than 1 year, bitcoin market is weak at this time and it is lucky enough if it would recover at the end of this year and much better option is you diversify your investment like 50 percent to the bank and 50 percent to bitcoin that will be a lesser risk.
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?
I think that is a good news because it can affect bitcoin but I think you do not need to invest all of your money because there is a chance that bitcoin price decrease unexpectedly.
I think diversification of funds would be a better idea... Bitcoin is indeed a very good investment compared to any investments banks offer to us, but never put all your eggs on the same basket, as the old proverb says. $20.000 is a considerable amount of money to be neglected.
However, if what you say is really true, what is done is done and now everything you can do is to pray for the best. Let's hope the market becomes green soon, otherwise your uncle will never give you any cent anymore in your life!
However, if what you say is really true, what is done is done and now everything you can do is to pray for the best. Let's hope the market becomes green soon, otherwise your uncle will never give you any cent anymore in your life!
I gave you 1 merit for supporting bitcoin, We need more people like you. As posters above me already mentioned, Investing what is not your own into something as volatile as bitcoin is a very risky move but without taking such risks there will be no reward. Make sure to sell with profit and invest that money somewhere with guaranteed ROI if that's all the money your uncle has.
This is great! It's people like you that keep this forum running healthy, indeed the original poster was very bold trusting in Bitcoin over banking, even after the media backlash and all the negativity around, it's good to see people that are smart enough to see through these things.
I also prefer investing in bitcoin because it proved quite profitable for me. even now I still make bitcoin as my investment method
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?
It is a nice idea that you are introducing your uncle into bitcoin and cryptocurrency as a whole. But it will be very advisable if you make your uncle understand the cryptocurrency market and how volatile the market can be sometimes. 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're making yourself look ridiculous by saying that. Want to know the answer to your question?
In 2017 it went from $950 to almost $20k, so it grew roughly 20 times.
A year before that? from 450 to 1000, so it doubled.
Also, you don't need an ATH every year to call it a great investment. Don't buy at the top and sell at the bottom and you'll do just fine.
Oh, why not go back a few years more? how about in 2014?
I didn't mean bitcoin will not go higher than what last year did. What I mean is don't just tell bitcoin is a great investment. Today's market is still affected by the hype made last year, so this bear market will stay for a while just like hibernation. If his uncle can wait a year of bear without having depress then great. And also why influence his uncle where to use the poor old man's hard earned money. Why not use OP's own earnings and put all his bets on bitcoin.
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%.
definetly I agree invest at the bank have along process unlike to invest at bitcoin,,due to opening a bank account or applying for a credit card requires filling out long forms and signing contracts that never work in your favour. Bitcoin is free to use and accessible to anyone without limitations. Aside from that despite bitcoin are very volatile price ,,but if you have patiently waiting you have a great profit,unlike the bank that your initial investment capital will not increased more than your capital. know in the trading system there is also a loss, I suggest you can give direction to your uncle if this business can lose. because I see that your uncle wants an investment that really can grow the existing capital.be careful not only to see in terms of profit, know the risk that will happen.
Absolutely you have a point all investment are risk ,,but taking of this are able to accept ,beause the votalile price of bitcoin is unpredictable so that ,invest what afford to lose due to,you never returned again once your initial invevst will lose ,but you can make happy if your investment have good profit ,,but take note sometimes even prof,trader will not alawys win,in world at cryptoland ,although I'm not saying that your plan are not good ,but think also the advanatge and disadvantage effect to your plan, cause that is true in reality.
I think best is to divide all investments into parts, for example 10k into bank and 10k into bitcoin , so if bitcoin will have red days, you still will earn some money.
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?
rI 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 agree to you, banks there is a lot of things you need to do before you can access or invest in banks, there is a requirements needed and appointments to attend before they entertain you and also you need to have a high amount of money before you can invest because they are also use tou to earn money, in bitcoin you don't need to have a appointments or to submit requirements to invest because butcoin created to be a helpful tool that can help people to earn, invest and grow your money.
I think investing in bitcoin is a smart thing, but be prepared for enormous volatility. Bitcoin will move more than most investments, so it requires a very tough stomach. I believe once the Lightning Network is completed, bitcoin will have a shot to go mainstream.
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