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Topic: I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT - page 7. (Read 1433 times)

member
Activity: 364
Merit: 10
You have really done a good job and you will one day reap it because it will reflect in your wallet. BTC will surely be the best investment ever and all people will run towards it some days to come.
member
Activity: 202
Merit: 10
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 am very unbelievable because at the moment there is no bank that can trade bitcoin and allow bitcoin coin to operate under the control of the government or the state. Currently bitcoin is still available through the central exchange and has no control over so the new bitcoin price fluctuates so much. So what you give me is the loss of trust is very low.
full member
Activity: 434
Merit: 100
The Exchange for EOS Community
Basically, crypto investment is very dangerous compared to bank investment as the former is very volatile in its market price. But it is also the former that can give you a very good return of investment than the latter because the former can have its market price spike so high in just an hour.
full member
Activity: 602
Merit: 100
You did the right thing choosing cryptocurrency. And your uncle is also well done that adheres to such progressive views and is not afraid of cryptocurrency. I am sure that your investments will be successful.
newbie
Activity: 91
Merit: 0
U are right , volatility nature of cryptocurrency brings money compare to interest banks giving  on savings , I will just make sure I sell the coin at pump when I'm ready to cash out
full member
Activity: 602
Merit: 100
I also like you prefer to choose an investment in cryptocurrency, investment in the future, although all the relatives persuaded me to put my money in a Bank account. It was a few years ago, and now my initial Deposit has increased several times. And I have never regretted that I chose bitcoin.
member
Activity: 378
Merit: 10
I think you did the right thing, although you're taking a little risk.With cryptocurrency you can really earn more and faster than with a Deposit to the Bank.
jr. member
Activity: 200
Merit: 1
I will choose bitcoin investment compare to that bank investments because it is more profitable and Im sure the people who have experience in trading and investing would agree with me.
When you are good to handle investment and do trading, it is more profitable and grow your money more faster than putting it on the banks. Bank investment give little profit annually unlike bitcoin that can grow depending on your hands and how you work on the market. Though bitcoin investment is more risky than bank investment, you can less it by holding coins for long term to wait for good result.
jr. member
Activity: 70
Merit: 1
Investment in Bitcoin on the order of more profitable investments on Deposit in the Bank, but the risk of investment in Bitcoin is also much higher in comparison with the Bank. You decide.
member
Activity: 269
Merit: 10
Decentralized Transportation Solution
You know guys this is only limited because as what I observed, more people now are conservative . People now adays are likely to invest in bank because of its assurance unlike in crypto currency. Did you knoe why this is happening ?? Simply because of the influenced and the experienced of other people who are became a victim of scammers but you know that is their fault because of their being insensitivity.
hero member
Activity: 916
Merit: 500
I will choose bitcoin investment compare to that bank investments because it is more profitable and Im sure the people who have experience in trading and investing would agree with me.
full member
Activity: 532
Merit: 103
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?    
Of course making this decision you should recognize the riskiness of such investment. That's why you should invest money only diversifying them among several assets, like stocks, real estate and even fiat money.
jr. member
Activity: 232
Merit: 1
I also agree with you but in Bitcoin, it's always risky to invest in bitcoin but if your luck and market are green then you will get good profit compare to bank.
member
Activity: 644
Merit: 10
COVIR.IO
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?    

Investing on cryptocurrency very profitable if we investing on early 2017. But cryptocurrency investment is just on early age and have big room to grow. I am still believe crypto is good investment because market cap value still under trillion dollar and i am believe market cap crypto market will reach trillion dollar
newbie
Activity: 24
Merit: 0
Crypto market is very risky, there is still a lot of volatility and uncertainties you should be told him the good and bad side of bitcoin to decide which option he will take and so he can't blame you. if he can afford to lose it then it is okay but if not take it out. people always said it here that do not invest what you can't afford to lose.because if you make the wrong choices can have a huge loss.
member
Activity: 462
Merit: 10
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?    

Bank investment is more safe than you invest in crypto because you know that cryptocurrency value is very volatile.
But if you have a long term vision, then you are suitable in crypto because usually crypto is a long term investment.
You can see the early adopters of bitcoin is already gain their profit.
full member
Activity: 380
Merit: 100
Personally, I don't think its a wise idea to invest all the money in bitcoin especially it's not your own money. In investing, we all knew that the rule of thumb is to diversify your investment in order to spread and minimize the risk. What you did is you put all the money in bitcoin and facing all that risk. Well, if bitcoin price will go up to an imaginable level then you will be very profitable. Good luck anyway. Cheers.
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
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%.

Bank investments is a stable one and it is very easy and stress free. The disadvantage is its lower interest rate. You can also easily withdraw your money if you need it. Bitcoin has higher eranings and its volatility is risky and sometimes making us stressful. So for both is a good thing to do.

I definitely agree with you, banks are much safer compared to bitcoin however only banks will become richer they use our money for them to earn but in return gives us lower interest. Bitcoin is too risky but its for us to gamble.

Banks are safer well bitcoin are to be much thing that can double your money that is why you can also have to choose this two while you are have the choice of bitcoin and that we all know you have to save also not just only you have to choose for in crypto that we all know this was not safe for unlike in banks.
member
Activity: 448
Merit: 10
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%.

Bank investments is a stable one and it is very easy and stress free. The disadvantage is its lower interest rate. You can also easily withdraw your money if you need it. Bitcoin has higher eranings and its volatility is risky and sometimes making us stressful. So for both is a good thing to do.

I definitely agree with you, banks are much safer compared to bitcoin however only banks will become richer they use our money for them to earn but in return gives us lower interest. Bitcoin is too risky but its for us to gamble.
member
Activity: 406
Merit: 11
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%.

Bank investments is a stable one and it is very easy and stress free. The disadvantage is its lower interest rate. You can also easily withdraw your money if you need it. Bitcoin has higher eranings and its volatility is risky and sometimes making us stressful. So for both is a good thing to do.
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