Topic: Invest into Bitcoin or bank - page 27. (Read 1816 times)
Even the people who have been into technology related profession as well has known much about bitcoin were with hesitation to make an investment into bitcoin fearing the market. By this time making a person who hasn't heard about it to believe upon bitcoin and its growth is really tedious.
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?
your uncle probably don't know about bitcoin and if you put your money in bank than it will be same after few years or some slight change but if you invest in bitcoin than your result can double of what you have investment but it can also make loose your money.
You should invest in anything over investing in a bank. Why would you want such low interest rates? So yes you should absolutely put your money into Bitcoin over a bank.
In this position we hadbetter invest in bitcoin. Because the profit of bitcoin if not intrest is larger than bank. These days price of bitcoins is low and it is tend to increase. Because of that investing on bitcoin is more profitable
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.
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.
we cant get higher profit from bank but if anyone invest in bitcoin he can get higher profit than bank investment. but price variation is there.
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.
Reasons being that , the return on investment from bitcoin investment will basically be higher than that from 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?
Give your uncle statistics on the growth of bitcoin prices for each year, beginning in 2010. It very graphically shows why you need to invest in bitcoin, and not in the bank. No bank in the world gives half of the amount in deposits that bitcoin gives as a profit from increasing its growth in price.
There has been this deliberation all over by most people as to whether investing in bitcoin or saving at banks.I will advice you to invest into bitcoin.Banks will not offer you any huge interest but trust bitcoin.You will make it without expectation.
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?
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