Insurance or cryptocurrency investment? - page 5.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: pandanaran on June 18, 2018, 04:58:18 AM

Quote from: Karen23 on September 09, 2017, 04:46:03 PM

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'm sure some insurance companies have their own advantages, so I do not know if it's better or worse if you keep your money in insurance, but in my view it's supposed to give a profit regardless of how big the company is. if you choose cryptocurrency I just think you need to know the fluctuating market situation.

In my opinion, go for crypto investment because of so many reasons. I have been reading about so many companies that have high default risk and people do not know about it and simply invest their money there. This keeps you at the danger of waiting game.

Some times you have to wait for your money even days and the documentation process often take hours. An investment in Bitcoin rather is much easy and profitable and a sharp minded man will set aside the current risk and will go for the future profit.

Souldream

legendary

Activity: 1110

Merit: 1000

Quote from: pandanaran on June 18, 2018, 04:58:18 AM

Quote from: Karen23 on September 09, 2017, 04:46:03 PM

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'm sure some insurance companies have their own advantages, so I do not know if it's better or worse if you keep your money in insurance, but in my view it's supposed to give a profit regardless of how big the company is. if you choose cryptocurrency I just think you need to know the fluctuating market situation.

Actually either you choose to place or put your savings in insurance or in cryptocurrency they have both risks, loses and worst failures. Sometimes having an investment is depend upon your luck if it is your destiny to get luckily profited then it could be happen, but of course your knowledge, your techniques and styles is accountable to get a high profit.

okissabam

sr. member

Activity: 700

Merit: 250

Of course those insurance companies have their pros and cons just like the cryptocurrency investments and trading. It is risky but if it will increment, it will really increase at some point. So if I were to choose, I would choose both cryptocurrency investments and an insurance as well at the same time so in 10 years I would have interest in both parties.

Kawasakinamoto

newbie

Activity: 99

Merit: 0

We have no security in investing in cryptocurrency and it is very risky. You don't know after 10 years if it still existing. When you die you cannot leave it to your loved ones. Unlike investing in Insurance when you die, you can leave it to your beneficiary.

pandanaran

full member

Activity: 1048

Merit: 101

Quote from: Karen23 on September 09, 2017, 04:46:03 PM

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'm sure some insurance companies have their own advantages, so I do not know if it's better or worse if you keep your money in insurance, but in my view it's supposed to give a profit regardless of how big the company is. if you choose cryptocurrency I just think you need to know the fluctuating market situation.

magmar

sr. member

Activity: 476

Merit: 250

Quote from: Karen23 on September 09, 2017, 04:46:03 PM

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.

Why no choose both of them because of course they will be both helpful in the future ensurance of course that is for the time when you are pld and you cannot work anymore or if there is something happens to you that needs immediate response then you have insurance most importantly the health insurance. But bitcoins is great too in personal purposes it depends on the person on in what aspect they wanted to put that profits they gain in bitcoins it can be in education or in health also but insurance will always be important know that

w5110815

newbie

Activity: 8

Merit: 0

Quote from: ImHash on September 09, 2017, 07:53:47 PM

Your money will not worth the same after 10 years, you will be able to buy a car with the same amount which you have to day and could buy a house with it today, fiat is losing it's value as governments print more money without asking for permission, but in crypto especially in bitcoin not only your money won't lose it's value but it will grow exponentially every year. besides it's decentralized and more people will begin to use it as a way to evade paying taxes, you should expect the price to rise 10 times in less than 5 years.

Yes, absoultely

anonymous2020

member

Activity: 120

Merit: 10

Quote from: Karen23 on September 09, 2017, 04:46:03 PM

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 in bitcoin is more profitable rather than in insurance so your plan would result good.Only choose ICO that is worth investing for..Thinking that your money will not profit in ten years is so wrong.. Keep your mind always positive in dealing with bitcoin..ICO investment would give you a huge return rather than insurance.. remember where bitcoin 7 years before.

coffigayo

member

Activity: 322

Merit: 12

Investment in kriptocurrancy currencies can be some risky way for a person to put all his capital into because of the volatility of other Bitcoin and Altcion markets. Without proper knowledge of the kriptocurrancy trade. Do not join the trade. If you do not have the right idea or skill about trading kriptocurrancy then it is not for you. Cryptocurrancy can give you 4x or more by several times but it has a big risk too. You can lose all your investments as well.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Coinnosaurus on June 10, 2018, 05:16:11 PM

It is really easy to lose money in this world but hard to make it back so never put your eggs all in one basket.

That's why OP is thinking of investing in cryptocurreny because he doesn't want his money to sleep in insurance and since as what he stated he has another insurance then I think it would be a good decision to invest in cryptocurrency. His question is last year before the run to almost $20k so I think OP has a pretty good profit given that he take profit in December but nevertheless he is still in profit with the price now since the time last year when he ask, the price is still lower compared to the price now. Investing is risky but you can manage your risk if you spread it in several investment vehicles because you have a hedge in case something bad happens to your other investments.

handsofgod

newbie

Activity: 116

Merit: 0

I prefer investing in ICO projects. Now there are a lot of projects, and all of them are aimed at improving services, it's cool, but it seems to me that everyone has forgotten about the security of our data, but the block is well protected, but now. I read an article about quantum processors, they are already talking about the possibility of hacking, and what will happen after they become public, and the technology will improve. I began to look, and found an interesting project that is immediately ready to solve the problem of not only quantum protection, but also improve the speed of the entire system as a whole. I prefer Kelvin Blockchain

Visbay

sr. member

Activity: 1236

Merit: 252

Quote from: Question123 on June 10, 2018, 04:52:12 AM

It's not good Idea if you invest yiur insurance money in cryptocurrency because what if to those altcoins you invest you will lose your money.

I think having life insurance will not give you more profit than bitcoin, if you buy a coin at a reasonable price then hold it for long term and don’t sell at all, so gradually you will see it giving high profit, I am sure bitcoin will rise this year so instead of losing all you should be greater than anything, investing in bitcoin, I am sure bitcoin will be rise more than this but the only thing you will have to do for positive result is patience.

Ewinsane

hero member

Activity: 980

Merit: 523

Quote from: logicgate on May 23, 2018, 03:21:20 PM

Quote from: cuenzy on May 23, 2018, 01:03:25 PM

Please try to read more of investing and more types and as to learn which are the priorities or the chronological set of those. You really cant mix the traditional and the crypto investment. I suggest you cover your bases first before getting into high risk like crypto

Learning about crypto and investing must be a compulsory element before getting in the practical field. Reason is, when people comes with different knowledge set, they might not be knowing the technical aspects of bitcoins and others. So this must be for them to at least grab basic knowledge about bitcoins and trading and investing so that their yielding can be enhanced to a better level.

Both are good and in the benefit of people, the insurance is safe from risks while crypto investment has some risks. The insurance system will give you profit without doing anything but just submitting the amount while crypto investment is little tough and with some risks.

However crypto investment is more profitable in long term and has no risk if a person handles it according tot the rules and principles of the market.

stepwilli

sr. member

Activity: 1041

Merit: 273

Quote from: tester4206 on June 10, 2018, 12:31:26 AM

Insurance is a necessity if you lose all your money in crypto better safe than sorry. It thinks it should be both. If you will remove your investment from insurance and put it in crypto currency, make sure when you get enough profit on crypto, return your investment in Insurance

I think of crypto investment to be much better option than that of the insurance as getting into the world of the crypto currencies can help you in much better way and that it can then help you in getting richer too. The only thing which you need to do is that you must gain some good knowledge regarding the things related to the crypto world and then you must use that knowledge to make better decisions.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: Gibreil on June 10, 2018, 03:19:20 AM

If you want to grow up your money right now then try to risk it by investing in cryptocurrency. For sure, 5 to 10 years from now, you will see that your money will grow up. If you want to insure your future better to lend it in an insurance company. But for me, it is great to have investment in cryptocurrency and after you earn, put it on your insurance.

Cryptocurrencies are the need of the day they are allowing us to get a double of output than input in no time. We can earn good sum of money along with our regular job and make our living standard good by working wise and hard in crypto currencies. Investing in crypto currencies is wise first it is allowing you to get more money secondly it is giving ease and comfort and you can contact with many people around the world while searching for promising projects

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: zhelis74 on June 10, 2018, 10:31:43 AM

Quote from: Sadlife on June 10, 2018, 06:52:28 AM

Dont invest money you can't afford to lose every investment is risky especially if all of what you have is on the line. Crypto currency investment is very volatile so you might panic when things goes red then decides to sell due to your emotions and ending up losing than gaining. So i suggest to do some research first to avoid this kind of scenario's.

Insurance and crypto investment are both posses risk because even insurance company can be bankrupt and lost your money at all, but speaking of opportunity to earn big then obviously crypto is the best, so granting that you already have placement for insurance then much better not to withdraw on it and look any alternative means to invest on crypto.

Yeah both have risks, but the investment risk of crypto is bigger but it will be proportional to the possible profit you might get, but in insurance investment you can get some things like health insurance, life, etc., but this insurance has flaws like you have to continue to pay dues, I myself prefer crypto investment than insurance

semobo

full member

Activity: 1498

Merit: 146

Insurance will give very less returns and it is more or like the security for our money so it can't be considered as an investment and the crypto currency can give huge returms in very short time too but at the same time the price also can be decreased in no time so which is high risky investment so we need to choose what we want.

dekcutbusu33

newbie

Activity: 166

Merit: 0

Yes Cryptocurrency offers higher interest than insurance, especially if you invest in Bitcoin and hold it for the long term. Bitcoin has proven it can get fantastic value every year. In addition to decentralization and more and more people will start using it as a way to avoid tax payments, you should expect the price to rise 15 times in less than 8 years.

veejay2716

newbie

Activity: 210

Merit: 0

Actually all investment is on risky, even we put on insurance or in cryptocurrency investment we don't know if we earned or not that's why we have a planning period in order for us to study very well if our money will be safe or not.

senne

hero member

Activity: 1078

Merit: 507

Quote from: Coinnosaurus on June 10, 2018, 05:16:11 PM

It is really easy to lose money in this world but hard to make it back so never put your eggs all in one basket.

Exactly, it is never a good move to depend totally upon one source as if one source of income is stopped due to unfortunate reasons there should always a backup be present. And if you are taking about putting all your money into Bitcoin which are actually meant for insurance then it will be a very foolish move as there is no doubt that Bitcoin will make your money 2-3x but in how much time, there is no guarantee about that. Insurance helps you get money when you need even before the maturity period but there is nothing like this in Bitcoin, hence you need to wait for market to get stronger to withdraw your money.

Topic: Insurance or cryptocurrency investment? - page 5. (Read 2965 times)