Topic: Invest into Bitcoin or bank - page 17. (Read 1823 times)
You can not call it an investment if you keep your money in the bank. Bank only has one job to do and that is to keep your money save, not to grow it bigger. Bank gives you an interest as a thank you gift for trusting your money into their hand. But i don't want to lose all my money either, so i would rather invest half of my money into bitcoin and the other half stays in bank for emergency back up.
Bitcoin is a cryptocurrency where you can invest a few dollars today and you become an overnight millionaire. No bank did it. I believe with some of my points, you will agree with me that investing in Bitcoin is better than investing in a bank.
I’d say both, bofh are investments and so diversification is important. Having a split between both means you’ll get the best of both worlds whilst minimising risk
Yes, I choose both for me bank investment and bitcoin investment. Bitcoin investment you can earn here more profit but this kind of investment have full risk but you earn more profit. My investment in bank is came my profit in bitcoin I know it is small profit I can get. This two kind of investment is very helpful for me cause it's gives both profit .
Your uncle might have his reasons for not allowing you to invest in bitcoin, probably hearing about bitcoin from news or from people that have no knowledge of how it works. Without doubt a business man with years of experience will always prefer bank knowing that is a safe Avenue. Here is my suggestion, since the money is 2000 dollars why not split it in two. Invest 1000 in banks and the other half in bitcoin and leace for a year. See which yields more for you.
Banks can never give you the type of interest bitcoin or any altcoin can give you. Bitcoin is a cryptocurrency where you can invest few dollars today and you become a millionaire overnight. No bank does that. I believe with this few point of mine, you will agree with me that investing in Bitcoin is better than investing in banks
Haha, this is so difficutl to convince your uncle. I see that the old people they prefer safety than risk and you have known Bitcoin market is a risky market 
. But you can tell him that "high risk high return" and it is your money and you want to make your own decision, I think you also have to prepare a good plan how to hedge your risk to convince him. Good luck to you
. But you can tell him that "high risk high return" and it is your money and you want to make your own decision, I think you also have to prepare a good plan how to hedge your risk to convince him. Good luck to you 
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?
If you have iron nerves and steel eggs, then of course invest in bitcoin, otherwise - do not risk your health))
I think you should invest in both. The more investments the better. Also don't put all your money in crypto, set aside for your bank because you'll never know what will happen in the future.
The banking system is set up to make money, it's an intermediary! The bank takes money to earn it, and gives us a small interest! bitcoin and the whole crypto system gave the opportunity - we ourselves to invest and earn good money! now banks themselves are investing large amounts of bitcoin!
Well considering that $2000 is a little amount of money to invest on a bank, i would suggest you to put that money on bitcoin, that is the best thing that you can actually do because all the prices are cheap, and you will be proud of investing now on the future
It's good to invest in a bank especially if you are thinking of what the future is, but it is also good to invest in bitcoin. especially now and gradually recognizing the crypto around the world.
It's up to you where you can invest, bank investment is good cause you can't worry about the risk but in return you only gain very small amount of interest, but now cryptocurrency is in demand cause lot's of investors are interested to join in investing bitcoin cause you get more profit here and bitcoin is more popular now all over the world.
Investing into bitcoin is better than bank, because in bitcoin you can earned huge profits but in a bank even how many years, still it gives lower interest.
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?
If you're going to even consider investing into Bitcoin, now is probably a very good time to do it. We're currently in a trough, meaning that the value of Bitcoin can pretty much only go up from here. If you wait or have second thoughts about investing, the value will have increased by the time you decide to invest. Therefore, it would most likely be in your best interest to do so now if you are even remotely thinking about putting down money into Bitcoin.
You could also move into a few safer investments like the stock market and mutual funds. They could potentially be the middle ground between you and your uncle.
Personally, I would rather invest my money in bitcoin than any bank.
Reasons being that , the return on investment from bitcoin investment will basically be higher than that from bank.
Yes, like you I choose to invest in bitcoin than bank cause investing in bitcoin you get more profit in ypur investment and even have more risk its worth it, and bank investment less risk but you only gain small interest in your investment here. Reasons being that , the return on investment from bitcoin investment will basically be higher than that from bank.
Invest into bitcoin or any other cryptocurrencies because it is better and much more profitable than investing in the bank because in bank you will just earn an interest a very low rate which is not worth it or enough for you to say that you are really creating enough amount of money every year so it is better to invest in bitcoin or if you have other options then try it.
If you are aiming for long term savings/investment, crypto is far better than banks, just place your money inside the top 5 crypto coins and leave it there, for time will generate itself a decent earnings, its been proven that holding crypto coins generate a huge income unlike banks that even you save big amount the interest rate per year is really small, but everything should be according to your knowledge and purposes, if you can take time and read those crypto coins then you will be able to find project that will bring the bacon for you.
I think its better to show some of the proves to your uncle about bitcoin and let you explain to them the benefits of bitcoin, so that he realize that bitcoin is better especially for investment. But bitcoin is good to choose and much better, because the profit that it gives is become double. Bitcoin is better especially nowadays, because today bitcoin is more popular in investment.
Well start with this example. If you put let's say your $20,000 in the bank, yes it will be there for as long as you want, 5 years for instance but in 5 years time the value of your $20,000 is different, it is lower than its value from 5 years ago, why? inflation. If you put it in Bitcoin, yes there are risks but then there is also a great probability of great profit. Return of investment plus great profit is enough reason for you to take the risks.
I think you do not need to explain to your uncle why you decided to invest in bitcoin. Your uncle will understand everything when you make a profit from investing and even want to buy bitcoin.
Banks are only to store cash i will be needing soon, i do not use banks as an investment vehicle. Bitcoins are my preference when it comes to investing
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?
If you're uncle are not aware of cryptocurency specifically bitcoin its hard to convince him as he have different perspective about bitcoin better to invest by you're own with out his knowledge as it is your own money which you invest not him. you can save some on the bank and some un crypto so he might not get mad at you. Jump to: