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Topic: Insurance or cryptocurrency investment? (Read 2965 times)

newbie
Activity: 44
Merit: 0
August 02, 2018, 05:31:53 AM
If you plan to invest a long term investment in your capital, then I think insurance is a good choice for you. Yes, it is true that you can get a lot of benefit in a short time by investing in cryptocurrency. But there are a lot of risks to losing your capital here.
But to me I think that for a long term investor bitcoin is the best option, because the profit that a day trader can get from bitcoin I do not think is possible from insurance. Insurance can give a very limited amount of profit to person, while from trading there is no limit but depending on your experience and luck.
member
Activity: 257
Merit: 32
August 02, 2018, 04:34:54 AM
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 
It will be more profitable but make a serious research on projects you want to invest in. We want to minimize the risk. Now that we have a bear market might be a good opportunity to take some positions.
hero member
Activity: 910
Merit: 509
August 02, 2018, 04:17:47 AM
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 
If you’re smart enough, then investment in crypto is your best bet. Lol, dude like seriously you will have to wait ten years for your money to triple, jeez that’s a very long time to wait, makes no sense to me. But if you’re investing in crypto you can make profit at anytime and you can even make more than what you will make in that ten years with insurance within few months if you invest crypto and play your smartly.
jr. member
Activity: 140
Merit: 1
August 01, 2018, 01:53:28 PM
10 year is a long time, for an investment where the returns are so small, as most of these insurance investments. Not recommended.
newbie
Activity: 70
Merit: 0
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 
I was thinking of doing the same.Now insurance costs nothing, look at the inflation they eat up all the money.If everything is as it is now in old age, we will ask for alms.Therefore, you can wisely approach this, divide the Bank 80% HODL 20% trade, so I'm sure that in 10 years we will rest on the yacht !)
member
Activity: 336
Merit: 10
If you plan to invest a long term investment in your capital, then I think insurance is a good choice for you. Yes, it is true that you can get a lot of benefit in a short time by investing in cryptocurrency. But there are a lot of risks to losing your capital here.

I prefer cryptocurrency investments because you can trade in the market in order to multiply your coins daily depending on how long you stay looking at the prices.
member
Activity: 120
Merit: 10
If you plan to invest a long term investment in your capital, then I think insurance is a good choice for you. Yes, it is true that you can get a lot of benefit in a short time by investing in cryptocurrency. But there are a lot of risks to losing your capital here.
sr. member
Activity: 456
Merit: 250
Insurance and cryptocurrency investment both were a must in one's life. With cryptocurrency related investment it is impossible to meet emergency requirements as we haven't got access similar to fiat. With fiat based insurance investment it is possible to meet necessities as it is accessible throughout.
newbie
Activity: 126
Merit: 0
I will advise both. Both have different levels of assessments though. Insurance is less risky, while cryptocurrency investment is somehow risky and highly volatile. To invest in either or both, you need to evaluate your investment goals. I think, it's based on what you want and whether you are risk avert or not that will determine your action. Notwithstanding, it's not advisable to put all your eggs in one basket. Spread of investments portfolio is recommended (with advanced knowledge of what you are investing in).
newbie
Activity: 140
Merit: 0
I am sure I will invest in the bitcoin market. Investing in this market will bring me more profits. Buying insurance is a form of giving money to others with low interest rates to invest. I do not like this.
full member
Activity: 502
Merit: 100
If you invest Bitcoin sooner, then maybe you are different, because many reasons afraid of invest Bitcoin so you regret when missed opportunity. When you buy insurance you have to wait 10-20 years to get a reasonable amount of money but Bitcoin you can make money all the time.

Yes we can make money by bitcoin but i don't think all the time because if the time comes that bitcoin price go down then you didn't earn money infact you will lose your money  in bitcoin when the price decrease.
newbie
Activity: 50
Merit: 0
That's right, and at the end of the day, it's a business venture while insurance, in its common meaning, is more of a contingency fund that is used as a safety fund for people who wants to protect their things or properties.
Cryptocurrency investment will definitely bring more profit than insurance investment .
full member
Activity: 404
Merit: 100
If you invest Bitcoin sooner, then maybe you are different, because many reasons afraid of invest Bitcoin so you regret when missed opportunity. When you buy insurance you have to wait 10-20 years to get a reasonable amount of money but Bitcoin you can make money all the time.
hero member
Activity: 1666
Merit: 502
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 
It depends on the rules on the place of your insurance, I used to put money in insurance a few years later my money is still the same and even according to me reduced due to inflation, if you want to avoid inflation then I recommend buying gold and deposits. In crypto no one knows what will happen to that crypto value in the future, I think the risk is even greater, if you are not accustomed to the fluctuating crypto.
newbie
Activity: 18
Merit: 0
Cryptocurrency investment will definitely bring more profit than insurance investment,  I think it's good to invest in Crypto since its still in a new stage
member
Activity: 196
Merit: 10
I personally never liked the insurance type of investments. They barely give any profit, and the only benefit is the insurance, which could have been paid separately too, if needed.
hero member
Activity: 1148
Merit: 504
Here in my country, insurance companies are a scam. After a few years, they go bankrupt and investors are being left with nothing. Unike crypto, no one will take it away from you and its ROI is much  better and faster than insurance.
Yeah you're right, some insurance companies are bankrupt because seldom interested, besides their offer is just giving insurance
there is no other big advantage, so for someone who really want big profit will certainly choose investment in bitcoin
newbie
Activity: 140
Merit: 0
It will give you insurance coverage as well as life if the network has health risks associated with investing in crypto but it does not insure you but you can get a profit. higher
full member
Activity: 420
Merit: 100
 It is better to get a insurance of your financial assets before you start investing but there is no insurance company on the planet that will return your money if it is lost in the cryptocurrency market also many countries ban investment in crypto altogether, another problem,

sr. member
Activity: 532
Merit: 255
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 

Investing between insurance and crypto currencies has almost the same risk, but investing its growth insurance's sluggish may not be enough for one or two or three years to get the maximum profit, not as fast as crypto currency. Investing into crypto currency maybe you do not need 1,5 years to achieve maximum results. If you're me, then I will invest it into crypto currency.
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