Topic: Invest into Bitcoin or bank - page 12. (Read 1823 times)
I think invest into bitcoin is better. Because bitcoin is more instant profitable than bank. If you buy bitcoin at low rate and sell it when price is high then you got more profit. Bank will not give you that. That's why i think invest into bitcoin is best than bank. It is tottaly depend on your mind that what will you do.
I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Suggestions from me tell your uncle that the benefits that can be obtained from bitcoins that are not in the bank
If you ask established authority figures within the financial system – for example Deutsche Bank chief strategist Ulrich Stephan – “should we invest in Bitcoin?” then the answer is generally an emphatic “no”. It’s high volatility, lack of obvious use other than as a vehicle for investment, and the bubble-like behaviour of its value are usually cited as flashing red “danger” signs. And logically, one would expect these people to know what they are talking about.
you can tell your uncle about all of the advantage of holding and investing in btc. Also show him that how its growing day bay day. And you can't gain something good if you don't take risk in life.
2 This is a very important thing for investors of course. But they are required to choose one of them. If I were you, I would invest some of my money in bitcoin. But before you do that you should know that bitcoin is very volatile. Bitcoin can not promise you that you will get big profits quickly. If you do not want to take that risk then Bank is the best choice you have today. Bitcoin is only for long investment. Think well.
Make a deal with him. Invest half in bitcoin ant the other half put it in a bank. After a while he will see the benefits of bitcoins. Or join some bounty campaigns to proove him that bitcoins are better.
Your uncle advice you from his experience and in his time nobody knew about crypto currencies. So, his reaction and advices expected. I think it's impossible to change his opinion and the only option you have is to put your uncle in front of the fact, to buy coins in inform him about it after.
It always depend on which kind of asset you really want to invest into, bitcoins are good for a decentralization and to make some profit, banks are good because they are safe too, but with a low return, and that is more than true
Every step you take. There is always a risk waiting for you. If you put in a bank Like people and do not want to get a loss, maybe what your uncle says is true. But, if you want to earn big interest and big profit you can invest in bitcoin. But, Bitcoin does not always promise you can get it. Because bitcoin is very fluctuating.
investing into bitcoin is indeed very profitable but if we invest bitcoin at this time is not good, because the condition of bitcoin is currently not clear. If I personally if I want to invest, I will invest in the bank because investing in the bank status obviously not like bitcoin which sometimes the price up and sometimes down like a roller coster.
I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Choose your beliefs, if you are afraid of risk then you can invest in the bank, and if you want to get bigger profit then you can choose in bitcoin.
Maybe just try to explain him how this market works and how much you could earn compare to the bank account, that could give him some points which he could think about.
You should tell your uncle some basic knowledge of bitcoin. If he wants to know the encrypted world, you can also tell him some of the history of bitcoin, and maybe he will change the comparison of the special currency.
You can tell your uncle that bitcoin is a very lucrative investment and will give us enormous profits in just how many years, and bitcoin also gives us the opportunity to become rich only in a short time if we want to work together with bitcoin, maybe that's all I know about bitcoin
I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Before anything else, I do believe that first you would have to know that the risks you are having when you invest on bitcoin. Banks are staples to this society and to the economy of this world. As such, whenever an investment is made outside of that system there are risksthat we must first learn about before we can ever proceed. Knowing that we can have an understanding that although banks are safer the rewards are much more higher on the side of the cryptocurrency
Good step if you thinking to invest in Bitcoin. I recommended you to invest in Bitcoin. Considering that bitcoin has been proven to give you a good profit from investing it. It also shows how its price goes up from time to time and i feel Bitcoin price will rise again.
I think the first thing to consider before investing bitcoin is to take risks, if we think that bitcoin investing is the same as wasting money then I'm sure it will be successful because this is what is needed when the price drops. I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Deer Kapee,
I think you better know that how safe is bitcoin! Bitcoin is more safer then a bank. Also the price of bitcoin is rising no. So this is the perfect time to hold tour bitcoin in your wallet and after some time I am sure that you will get a huge profit.
This is my advice for you hold your bitcoin. Banks will not give you the return that bitcoin will give you. So, as long as you want to keep your money in the bank, keep your money in Bitcoin, you will see that you will get better results than bank.
The bank in my opinion is not an investment, just a savings. Investing in digital money also has many advantages and attractive.
The best way to prove Bitcoin is better than banks investments is to show real and concrete results. You can tell him anything, but there isn't any guarantee he will agree with you in the end.The most important thing is, never invest more than you cannot afford to lose. Otherwise, your life maybe ruined after you loss.
if you want to invest, first look at investments where the most profitable. calculate what you will get if investing in bitcoin or bank. I never invested in a bank, I do not know the outcome. but investing in bitcoin is very profitable if we are smart and patient, especially if we can trade, more profitable again.
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