Topic: Insurance or cryptocurrency investment? - page 7. (Read 2980 times)
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
Cryptocurrency investment of course, because when you say investment meaning theres more money than in insurance and aside from that it can help you in terms of financial aspects to earn income or profit that can sustain your needs and wants.
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 is true, your money is actually going to be the same in the next 10 years because of the yearly inflation around the world, then it is better to invest in cryptocurrency, indeed the risk will be received very largely but the profits to be gained will also be very large too... 
No other investment is worthy than bitcoins. Is a good idea,but u can maintain part as insurance and part as crypto.
Yeah, it could be a good strategy as well. But the OP has to remember how risky crypto investment is, so he better be ready and not to expect good gains so as not to be disappointed. As far as investing on bitcoin or even in ETH, yes its a good move as long as you know what you are entering so that every market move you will not suddenly push the sell button and wanted to exit hurriedly.
Investment in bitcoin or crypto currency can be some how risky for one to put in all his or her capital into because of the market volatility of bitcoin and other altcion. so, op invest what you can afford to loose, for i do believe in investment diversification in other to the risk of one loosing all the capital.
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. Therefore, I would say that it's better to have both. Insurance is better in the senses that it can have so many uses like health care, property and the likes. But, on the other hand, cryptocurrency investment, especially now, is not a bad thing to have because it can be profitable.
No other investment is worthy than bitcoins. Is a good idea,but u can maintain part as insurance and part as crypto.
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 not both mate? I think insurance and cryptocurrency investment is not comparable with each other because its purpose is just different. Although they can be similar in some aspects like being a contingency asset to hold to be disposed for profit when needed. Insurance is mostly used as a safeguard for things, but on the other hand, cryptocurrency investments are ventures that may go north or south depending on how it will unfold. The certainty as for their purpose are way different as well. Insurance can be claimed surely, while cryptocurrency investments are always up in the air depending on its development.
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.
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
In the two of them is much better to choose cryptocurrency investments because you will be more profitable in terms of financial aspects that you looking and wait for, and can help you to your wants and etc.
It is much better to choose cryptocurrency investment than to insurance although it is still good to be secured but in cryptocurrency you are also safe in terms of investment because they are legal and very well known company in this industry.
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.
Crypto currency is real investment where you can invest for children and any uncertainty happen you can cash out easily and quickly without involvement of third party.While Insurance is now risky when you policy reach on maturity may be company close,staff changed and too hurdle to claim the policy.
I don't actually agree with that. When it comes to security for the future,i'd be more at peace having an insurance plan. I mean, i can simply ensure myself and my family before thinking of making such investments as crypto which, as we all know, is as unstable af right now
Insurance is a safe way, but crypto investment offers higher returns as well as higher chances that you will fail and it's really a question of whether you want to play it safe or not
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.
Crypto currency is real investment where you can invest for children and any uncertainty happen you can cash out easily and quickly without involvement of third party.While Insurance is now risky when you policy reach on maturity may be company close,staff changed and too hurdle to claim the policy.
From what I understand about insurance it is something that you pay in 5-10 years and you'll something in return with profits or pension. If thats how it works and if you paid a year or more, I don't think its a good idea to pull out from your insurance and focus on Cryptos. Insurance is your back up plan when you get old or 10 to 15 years from now. Crytpos, invest on it and earn from it. Use your extra funds in Cryptos just like the old saying, invest what you can afford to lose.
I think no any insureance of these problems is available in the market some security sites and Ddos protection provides some security but it is not as insurance like to sugguest to ICOs go bust or in these types,
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.
In my honest opinion I would say that pulling out your insurance is like pulling all your future. I don’t understand why you are so eager to pull out your money because in insurance your money grows slower. But you need to understand that crypto and insurance gains and risk are far different to each other.
Insurance investment gives you assurance that in future you will have a certain amount of money while on cryptos it can give a lot of growth but it also give you a lot of risk of losing of money. I’m not against in crypto or insurance I think diversification of investment still the best strategy for long-term or even in short-term. It is better to retain insurance then pursue rigid investing in cryptocurrency.
I think its not a very intelligent question. Both these things are pretty separate. You just can't say that Insurance return can beat cryptocurrency returns or even come close to them. Cryptocurrency is booming industry but it is highly volatile market which makes it very risky. Therefore it is advisable to invest in it if you have some idle funds. You might earn more than insurance from cryptos but one point that you are missing is that the health of the thing for which you have taken the insurance would be risked. Also you can even lose your money. So, think wisely.
Insurance shouldn't really be risked out if we do plan to make investment or involvement into crypto then find some other funds to use rather than on risking out our insurance.When it comes to earnings its too far and there no point why it should be compared because its quite obvious that crypto would really have the edge into this matter but when we do talk about safety then from the word "Insurance" you will able to figure out directly without being asked.
To my experience so far I don't believe there's any investments that can be compared to that of cryptocurrency despite the fact that the the risk here is very high. Cryptocurrency has the highest profit when it comes to investment you can get more than 100% of your investment within an hour so also you can lost everything that's why is of a high risk.
I think its not a very intelligent question. Both these things are pretty separate. You just can't say that Insurance return can beat cryptocurrency returns or even come close to them. Cryptocurrency is booming industry but it is highly volatile market which makes it very risky. Therefore it is advisable to invest in it if you have some idle funds. You might earn more than insurance from cryptos but one point that you are missing is that the health of the thing for which you have taken the insurance would be risked. Also you can even lose your money. So, think wisely.
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