I think you'll spend a lot of time for making your uncle understand bitcoin technology, so your uncle will believe that bitcoin has good prospects in the future.
you should take your uncle to see the crypto market conditions, especially Bitcoin, share bitcoin stories from the first created until today, and do not forget, you should tell him that bitcoin has reached $ 20K by 2017.
Topic: Invest into Bitcoin or bank - page 25. (Read 1823 times)
investing in bitcoin will have greater returns but its risk is greater than investing in the bank many times.
if you are interested in trading you can exchange Fiat to kripto, btc for example. the uncertain crypto price gives a uncertainly profit if you want to try luck try to exchange to crypto. but if it's just to save you better keep it in the 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?
if you are sure why should listen to the advice of someone who disagrees with you. if you already understand cryptocurrency you should keep investing in cryptocurrency. or use half of the money you have to get started and save if you get a profit you can increase your investment amount. 
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?
Hard to convince people who do not understand bitcoin, I think your uncle suggested a good thing by putting in the bank, because I think it's quite safe. The current bitcoin price tends to go down and moreover the bitcoin is volatile so very risky if you want to put your money, bitcoin does not always go up so sometimes it will decrease there. 
It depends on the skills you currently have now and to your plans and purpose of Investing many factors to consider before jumping into trading but investing to different channels is highly recommended due to the profits it can gave you for a period of time it was there that's why you should hone your investing skills early and know what suits you the best so there will be no idle time and money.
I think, invest money with bitcoin is better idea than to bank. Because the chance to gain huge profit with bitcoin is high but the sad thing in bitcoin when you are invest money woth it is the high risk because of price volatility. But to avoid losing profit in bitcoin it is need a maximum monitoring the price in the market cap to ensure you are continue generating profit.
I agree with you. Investing in bitcoin does have the hope of gaining huge profits but not denying big bankruptcy if we do not deepen it deep and I think now is the right time for beginners as bitcoin prices are falling again and we should pay attention to the statistical bitcoin to make a profit.
I think, invest money with bitcoin is better idea than to bank. Because the chance to gain huge profit with bitcoin is high but the sad thing in bitcoin when you are invest money woth it is the high risk because of price volatility. But to avoid losing profit in bitcoin it is need a maximum monitoring the price in the market cap to ensure you are continue generating profit.
bitcoin is well-suited to invest because right now the price of the bitcoin started down the best thing is to buy and hold investing bitcoin is good
People are encountering similar problems when talking with older, conservative people.
First of all there's the matter of interest rates. 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.
Dont you try to encounter people by talking only the interest but you must inform the risk too. How much we get in the bank can not be compared with how much jump in bitcoin in just 2 days. Bitcoin also can jump down minus 20% in one day. How about bank? Not jump down. At least the money is not loss. Bank and bitcoin have their own risk and reward and not wise if we compare only the reward. First of all there's the matter of interest rates. 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.
it is indeed a good way to invest or save in the banks for security purposes if you do not need possible good profits. However, if you wish to earn more bitcoin is the best option where in the volatility of market price for bitcoin is high and taking advantage on it is ideal. BTC is one of the best way to earn.
Oh boy that is a whole chunk of cash and please don't invest into our banking system because you will only earn just a penny. They are so cruel that they work with your money and earn over 100% but yet just give you not even a quarter of the income. Please stick with bitcoin investment because the income over here is exponential. so much money to make in bitcoin bruh don't try bank system.
preferably for now, and see bitcoin prices decrease, then I suggest you invest in bitcoin only, because if later the price bounces back high, you will feel a lot of profit ..
Bitcoin is a good investment tool than investing in to the bank.The investor who is investing to the bitcoin can derive more profit than investing in to the bank .Bitcoin is a new form of economy with strong net work systems and with the specific characteristics are attractive to the global investors .So the market capital and the daily traded volume are found very high and mean time the bank investment is not providing adequate returns to the investors.
if you have friends who are a success in bitcoin world, I think your friend should explain and show the results to your uncle.
that's a very good way to convince everyone who doubts about bitcoin, and I'm ever doing it, and the result is positive.
that's a very good way to convince everyone who doubts about bitcoin, and I'm ever doing it, and the result is positive.
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?
It's not about the interest. Banks are not just for interest. Understand the terms. Of course majority here will say "invest on bitcoin because price will go high in the future" "banks will just give you %%% every year etc. Such statement is not making sense and it just show that some here are lack of knowledge.
If you have some spare money then it's up to you if you will put money on bitcoin while at the same time you have on banks.
If you really dont want to put on banks then stand to yourself. You can't decide to your own money? If you are worried then make up to the point that you can please your Uncle and yourself. Come on you are now grown up.
I think you better do if you invest on bitcoin. If you invest on bank, profits will be near 2% after 1year, so it's totally unprofitable. If you like risky, try invest on btc.
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 think of it...Investing in a bank can't give you huge profit because of it's low interest rate. Investing in bitcoin is risky but profitable. Now,if you want to earn more with your capital investment and you are a risk taker person,much better if you in invest in bitcoin but you need to learn first on how to manage correctly your investment in bitcoin to avoid loses. If you always fear and doubt about your money to lose if you invest it in bitcoin much better to save it in a bank. Also in bitcoin you need to have a lot of patience specially when market is down,never panic.
Why not deposit half the money in the bank and invest the half in BTC. In that way, there is win-win situation.
For me, I would prefer to invest in Bitcoin than in a bank. I am aware that Bitcoin is a decentralize one that when having trouble into something like maintenance we don't have someone else to ask for assistance unlike in banks. But even though it works like this, I am willing to take such risks because I know money goes much better here in the crypto currrency if people have an enough and experience knowledge in the world of crypto.
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