Invest into Bitcoin or bank - page 24.

Getcoinsite

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Quote from: Kapee on July 19, 2018, 12:39:43 PM

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?

First thing putting your money in bank wasn't considered as investing instead that is depositing either time deposit or normal still deposits tell that to your uncle because it will take you 10 years before you may gain 5-10% of the money

Second you have mentioned you earned that money,so who the f*ck that uncle of yours to interfere in your plans ,it wasnt his money that you are going to invest

So you dont have to explain to him instead put it right away in crypto lt him be angry because it wasnt his loss but yours if following him

Nunii

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Better invest your money somewhere it will grow. Investing in banks is a dead move, savings yes but not investment. You'll lose against inflation rate over time. Look for real investments. You can put some in bitcoin, but not all in. Spread your risk and profitability in different investment instruments.

Papsie

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For me, I will choose to invest in crytocurrency rather that in bank. Because in bank, the percentage to increase my ROI is just a little and it will not make me a rich person. While in cryptocurrency, there are a lot of possible ways to earn a lot of money.

pakhitheboss

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Top Crypto Casino

The best thing you can do is to show your Uncle the growth chart of Bitcoin from 2009 till now and then compare it with the any investment option provided by the Bank. If he question about Risk factor then you can show him the Risk involved in investing in Bank. If he is still not happy then you can split yout investment in two parts. if he stilll not agrees then invest as per what he says, cause family always comes first.

Nurul_

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if I think it's better to invest in bitcoin enough with Patient's capital and always keep long term we will have a big advantage when the price has gone up. and it does not take a long time in the sense of 1 year or 2 years .

forumsehat

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it's one of the obstacles to investing is an obstacle from the nearest person, and you can explain that investing can lead you to get a big profit from rising prices and while putting money in the bank will only reduce the value of the money because of inflation.

arief.sutono

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People face similar problems when talking to older and conservative people. First of all there is a banking problem. How many banks pay you per year? 4%? Bitcoin has jumped 10% in 2 days.
The second is a security issue. Is BTC safer than your bank? I will say that. Can not be fetched from you by your government. Read what they are doing In Greece or Cyprus. You do not have to rely on them processing your transaction, it will happen automatically within minutes. In case of economic crisis, war or epidemic you will have money in your pocket and no need to take part in so-called bank runs. Thanks #CMIIW

ayiaye

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Quote from: Kapee on July 19, 2018, 12:39:43 PM

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?

for people who do not know about bitcoin, obviously surely he will be afraid to invest, because he has not understood the benefits of investing in bitcoin rather than saving in the bank. maybe your uncle forbids investing in bitcoin because it's too big a investment you do, he worries all the investment assets will be lost. you should not invest in a large scale first, you can invest on a small scale. Well, if all has been successful and proven, chances are your uncle will put full trust in you to invest dibitcoin. because usually, in order for people to believe in us, we must have real evidence first, then he will trust you.

Khanhdzai

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Depending on your purpose. But Bitcoin is much bigger than bank and your risk of losing money is huge

celjc

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The TRUTH shall set you free ;-)

Quote from: Kapee on July 19, 2018, 12:39:43 PM

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?

Hi there! We need to invest in both bank and bitcoin. As long as fiat is beneficial we need to invest in banks as well. Bitcoin though is the best investment you could ever have. Just weigh how much you need to invest in banks and how much in bitcoin.

kucritt

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its all depend on the user, some user said that if you invest on bank the risk is very low, but you will see the low profit too, but if you want to get big profit you can incest in bitcoin, but with one condition that investing in bitcoin has a high risk to. so its all yours, about taking investment choice within the bank or bitcoin investing

maxreish

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Different perspective in different person should be considered in this scenario. Honestly, i withdrawn my money on the bank, tried to invest in cryptocurrency. Luckily, i am doing great in this field. But i am still looking forward to atleast put some money back in the bank after reaching my profit desire.

sanjeevbaweja

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Quote from: Kapee on July 19, 2018, 12:39:43 PM

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 right answer for investment

biskitop

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I would rather recommend the bitcoin, because the bitcoin properties that fluctuate and the price is always changing, is a benefit that can be taken. while in the bank, our money just sit there. may only earn a profit for a few% only.

Angela28

newbie

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There are always two opposite sides of the investment, and the chances of holding hope and risk, if you want to be rich quick you can invest in the bitcoin market it will help you do that

bp.comp69

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Quote from: Kapee on July 19, 2018, 12:39:43 PM

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?

I prefer investing in bitcoin, because I think bitcoin is higher in profit value than bank interest set by the bank.
but yes back again in nature because all businesses must be at risk.

Blondy12

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Quote from: Kapee on July 19, 2018, 12:39:43 PM

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?

Just explain to your uncle how huge profits you guys can get in investing in bitcoin most especially when you into long term investment. Show him some proof like the price chart in previous years. So that he will notice the growth of bitcoin value from when it was started until now.

badakjawa

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Talk to your uncle, someday we will be a millionaire if investing in bitcoin Grin

. Explain in detail the comparison of investments in banks and bitcoins. Including the shortcomings and advantages so that he can compare and believe with bitcoin.

anggada18

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just say yes and you continue to process it with dibitcoin. done? if not then you have to put small portions in bitcoin. who knows where a little bit will be or will be lost Wink

Devnant

member

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Mate, it depends a lot in what kind of investment do you prefer after all ,bitcoin is good, but due to the recent market conditions i would prefer to invest on a bank for some time until the price goes a little bit deeper, and you can buy back then

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