Topic: Invest into Bitcoin or bank - page 16. (Read 1823 times)
Bitcoin is the best investment I think.Saving your money in Bank will never bring you any return like the way bitcoin will ever do. I will boldly advice you to invest in bitcoin now because bull run have started now.
You should invest in Bitcoin because it will be more profitable than depositing money into banks, interest rates are low and sometimes it is not safe if anything happens.
Why would he decide for your money that you earned it's your choice you earned it and if you think it's better to invest it in bitcoin then just take the risk and learn something new
I'll advice you to invest it in bitcoin just take the risk you won't earn anything from the bank. But it's your choice tho if you think investing in bitcoin is good then just do it why seek permission to your uncle it's your money anyways you earned it
Invest in bitcoin and save in banks the excess amount to invest and the profit receives from investment because banks is more safer to keep your money though in bitcoin it can be more profitable but you have to face big risk when you put all amount on it. I always save a little because it is much better to have savings different from investment.
The found is yours and you have the right to invest it in what ever business you chose to invest in, but the fact still remains that bitcoin despite it volatility nature yield more profits then any other investment and the bank your uncle want you to deposit your Money is not going to pay you high interest on that money no matter what bitcoin will be more profiting the bank as it is.
As of this moment, I would prefer to invest in bitcoin as it can easily gained good profits compared to the banks where it takes a lot of time before we can be able to feel our profits. Although it's a risk, but taking it will surely have a good effect in our investments as there are already more people who have expereinced it.
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?
Investing in bitcoin is more profitable than savings in a bank. Bank has only a small interest rate and you can't gain more profit from a bank. Much better to invest in bitcoin because it is tested already but you need to be a risk taker person and can invest in bitcoin positively.
It depends on how you wish to have your money. For a long term investment , bitcoin is the best choice of investment. If you want to invest on short term basis in crypto, you might not earn much on your investment as the price could go up or down.
It only depends on you and the way that you prefer to invest, i would obviously invest that money in bitcoin instead of going to a bank, but well, it is just my opinion
If that is my money i would invest it in Bitcoin better you won't earn any from bank just take the risk of bitcoin . you earned that money anyways you're the one should make decision for it
If you have such a huge amount in your accounts then it is best you invest into bitcoin or any other promising ICO and you will reap of its benefits in multiple folds. Bitcoin investmtent is the best banks only give you few amounts.
I'll advice you to invest it in bitcoin just take the risk you won't earn anything from the bank. But it's your choice tho if you think investing in bitcoin is good then just do it why seek permission to your uncle it's your money anyways you earned it
I would put my money in bitcoin,because the price of it was quickly moving and its grows faster because of many country that recognizing it to use,i heard some new and life of the people that already change by investing in bitcoin, so for now i trusted it for my money.
I think At this point make someone who has never heard it believe in bitcoin and its growth is really boring.
And Even people who have become technology-related professions have also known a lot about bitcoin hesitantly to make an investment into bitcoin worrying about the market.
You don't have to convince your brother because he seemed not to have the knowledge of CryptoCurrency. At this point, there is nothing you can do to convince him except if you have a very good result of previous investment in cryptocurrency. Please understand that while investing in cryptocurrency gives you high yield, it is risky. Banks offer you low profit but safe.
Discuss with him both the risk /reward of bitcoins and bank and let him understand your point of investing in bitcoins rather than bank. To convince him more, tell him you will diversify with 50 percent into bitcoins and remainder into bank.
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?
Bitcoin is the best investment you can think of. Saving your money in Bank will never bring you any return like the way bitcoin will ever do. I will boldly advice you to invest in bitcoin now because bull run have started now. You can see the jump of $1000 in last few days... Now take for example you invested when it was $6000 and now when is $7000 you would have gain $1000 as profit. If I may ask you.. Can bank pay you such a huge return? You have to think and make the decision now.
Before any investment one needs to consider d interest rate an investment will generates. How much will a bank pay you per year? 3%? Bitcoin has jumped 10% in 2 days.
The second one is the matter of safety. Is BTC safer than your bank? I'd say that it is. It can't be taken from you by your government. Read what they did In Greece or Cyprus. You won't have to depend on them processing your transactions, it will happen automatically within minutes. In case of a crisis, a war or an epidemic you will have the money in your pocket and won't have to take part in so called bank runs.
The second one is the matter of safety. Is BTC safer than your bank? I'd say that it is. It can't be taken from you by your government. Read what they did In Greece or Cyprus. You won't have to depend on them processing your transactions, it will happen automatically within minutes. In case of a crisis, a war or an epidemic you will have the money in your pocket and won't have to take part in so called bank runs.
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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?
That is totally up to you, if you are ready to have less money you can do it, on the bank you can hold it and being stable, if you take the chance to get more out of your investment you could invest in bitcoin, in my oppinion bitcoin will be of great value in a few years, if you are still young I understand you listen to your uncle and therefore you have to tell him where your money is, but on the other hand if you are a grown man just do what you think gives you the most reward.
He probably don't know much about bitcoin , i think it's better if you try investing it in bitcoin cause in bank you won't get anything even for long time and it's your money anyways you earned it it's your choice
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?
You should think about it carefully first before making a move. Choosing bitcoin may be a good idea for now since it has a low price and having it rise up once again would definitely make you gain high profits as time passes by but there are no assurance yet. Choosing banks may be a good idea too but you should be ready for regrets if ever bitcoin's value rises once again. Jump to: