I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 20.

shield132

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Metawin.com - Truly the best casino ever

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?

Crypto investments are secure? Are you kidding? What if crypto falls in one year and rise begins after two year? Will your uncle still trust you if his money won't be rised in one year? He will prefer to stay out of game as soon as possible.
Also where do you live? 10% bank return on deposits in USD somehow is hard to believe for me because USD is very stable currency and usually banks offer very low % on deposts in usd, euro and gbp.

bitcoin31

hero member

Activity: 1834

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They have advantage and disadvatange what ever you choose this.

Advantage of bank is your money safe but you can get only some profit. While the investment to bitcoin can get a lot of profit but it is very risky because possible to lose your money.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: zenrol28 on July 11, 2018, 05:56:53 PM

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

snip

Better ask for your uncle's forgiveness right away. You have explained how bitcoin works inaccurately. Bitcoin as an investment? How much it grew last year? How about the previous years? Did bitcoin always ended with an ATH every closing of the year?

You should have teach him how to properly use bitcoin and let him decide if he'll use it.

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.

vnck25

member

Activity: 392

Merit: 11

I think its a smart move, espeically wiht the current decrease in Bitcoin price its really at a bargain value compared with Bitcoins all time high. If I have enough fiat currencies to risk, I would also make a big investment on Bitcoins right now! Most of the crypto researchers says that Bitcoin will increase in price before the end of 2018. I am also very optimistic about the future of Bitcoins and look forward to the times it will hit $100,000!

AimHigh

full member

Activity: 554

Merit: 100

Yes you are right its more better and profitable to invest in bitcoin than bank because as i experience now for investing in banks i received a centimos interest every month so that i must prefer also I've most invest in bitcoin or cryptocurrency that banks but it is more risky to invest in bitcoin than the banks but we know bitcoin will rise again soon.

Ryshelrayne

newbie

Activity: 63

Merit: 0

I choose bitcoin investment also. Eventhough i started mid january where everything is on a downtrend, i believe that we are just in the initial stage of this journey. There will be ups and downs but in the future i will be able to reap what i have sowed. Good luck to all of us on this journey that we have choosed.

rmel0924

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Activity: 231

Merit: 10

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 chose bitcoin investment over bank investment because bitcoin offer huge profit and anytime we can do some transaction with bitcoin. Bank only offers very low interest we are just like holding our money with nothing happen.

xuan87

legendary

Activity: 1666

Merit: 1001

Bank investment is more secure and there won't be any chance you will losing money, but the interest is small, in Bitcoin the profit is high but it's very volatile and there is a big chance that you will lose money, you need to understand the risk before decide to join crypto investment

kateycoin

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Activity: 882

Merit: 104

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?

That's what differents of crypto investment and bank investment even crypto is risky as investment we all know that it's proven that it will give us good profit than to bank investment. That's why many people choose to invest in crypto than banks.

zenrol28

copper member

Activity: 882

Merit: 110

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

snip

Better ask for your uncle's forgiveness right away. You have explained how bitcoin works inaccurately. Bitcoin as an investment? How much it grew last year? How about the previous years? Did bitcoin always ended with an ATH every closing of the year?

You should have teach him how to properly use bitcoin and let him decide if he'll use it.

avikz

legendary

Activity: 3080

Merit: 1500

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?

All the best mate! I also need one uncle like yours who can give out 20k usd to me for investment. However, I really admire your guts to invest all in bitcoin. I wouldn't have done that for sure as I am a moderate risk taker.

I would have invested 10k into banks and rest amount I would use for cryptos. Also I would diversify my crypto investment by investing in other altcoins as well. But yes, people have different risk taking capability so I sincerely hope you succeed!

Nanagyasi

member

Activity: 336

Merit: 10

Well, as to whether it is good idea or not cannot be determined now. The market will tell but I will say it isn't too bad to suggest Btc to a family member. Once you explained the risk around it to him, I think you are good to go.

Xalata

member

Activity: 266

Merit: 10

oh woww...that is a bold decision and i am very proud of the step you have taken to help your uncle in investing into cryptocurrencies. I guess most of us have to emulate this behaviour to let people know more about the blockchain technology.

Suguha

member

Activity: 218

Merit: 10

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?

Yes you're right bitcoin can give you high interest without giving efforts like you need to fill up tgis document, you need to submit it to this date and also you need requirements and high amount of money in investing in banks but in bitcoin it makes our life easy because we do not need to pass requirements, we don't need to have an appointment and in bitcoin tge money we invest will surely grow.

rodskee

full member

Activity: 2520

Merit: 204

I choose also Bitcoin investment than bank investment, the advantage in bank investment are the money is secured from anything nothing to worry for the security investment going to be hack

but in term of profits i will go into bitcoin the one surprise i earn profits is last year the value is to expensive and i get huge of earnings, investing in bitcoin is right decision and choice opportunity.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

You have made a little mistakes when it comes to investing. At the bank they can gurantee a 10% + ROI in a year well the thing with bitcoin is it’s really volatile. Yes we can speculate what if the price you were aiming for is non existent?

ImHash

hero member

Activity: 924

Merit: 506

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.

thinkme1st

member

Activity: 532

Merit: 10

Judging by the current bearish market scenario from last few months and expectations that bitcoin price will start to rise now, you made the right decision and it can be very profitable but remember to invest only what you can afford to loose.

Nanashev

newbie

Activity: 75

Merit: 0

YOU made the right choice. The times that we invested our monies at the bank at a smaller interest rate is over. Bitcoin gives a pleasant impact on our investment. Grow your wealth with bitcoin investment Grin

. Just be patient, follow the market and cash out at the right time.

Rrtt

member

Activity: 378

Merit: 10

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?

If im given an opportunity that kind of capital i would also choose bitcoin investment, yes its risky and volatile but if you fully understand the cryptocurrency and know how to manage for being volatile then surely you meet your goal.

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