Topic: Invest into Bitcoin or bank - page 7. (Read 1816 times)
Investing is a good way to earn money, but where is the best place to start investing? For me, It is better to invest on bitcoin than any bank. Remember, this is decentralized and also has higher chance to earn higher money than investing in a bank. Though, both sides has their own pros and cons.
If you really have that huge amount of money i encourage you to invest into bitcoin other than any banking system because investments into digital currencies really generates income in the shortest possible of time. if you invest into banks you will get only a small amount of the funds that they have generated from your principal deposit. Why don't you invest into bitcoin and own your own investment.
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?
This is absolutely outdated. We are now in year 2018 wherein smartphones are now being prioritized or much more being used than personal computer. With smartphones you can also browse internetsoyou can access bitcoin.
If you want a fixed but limited returns with 100% security of your principal then bank is good but if you want best returns with risk then go with bitcoin as it can give you unexpected returns in very short time. High risk,high reward is the main mantra of investment.
This is some how a though nut to crack but the truth is that bitcoin is good to invest in because of the interest you get in the long run but it is also adviceable to have some leftover in the bank
Tell him that bitcoin is a booming industry and currently its prices are soaring up again and that the next month you can't afford it and then the coin will go down again which makes it frustrating. 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.
I invest money in bitcoin, but part of it is always in my Bank account. I trust bitcoin and believe in its prospects, but I prefer to have a small reserve in the Bank, for insurance.
Investing in bitcoin is accompanied by a certain risk, but you will be able to get your profit faster. And it will be much more than Bank profit.
It depends upon how much risk are you ready to take. Saving accounts have no risk and predefined interest rate. But sometime that interest rate is less than the inflation rate and what you get in the end is less value of your saved money. Cryptos give high rewards but high risk and you can beat inflation by deflationary model of cryptocurrencies. Even if you aren't ready to take high risks, instead of going with saving account, go with other assets like Gold, Mutual funds etc.
This is your money and only you decide what to do with them. Do not listen to anyone, if you want to invest in bitcoin, then do so.
Investments in BTC at this stage are associated with greater risk. And if someone asks me, then I say - invest only money that you are ready to lose
I guess you should invest on bitcoin now while it's price is on red status.
The course has not changed anymore. This is the last moment for a good purchase. Losing to the topic. I do not believe banks. Only BTC !!!
Some people are dont believe how can earn in bitcoin if you put in a bank theres a small earn you can have but in bitcoin when the time will rise you have a opportunity to earn more. Investing in bitcoin is a good choicenyou need to be patience in every struggle you will encounter.
you could split your capital and invest half in bitcoin and half in stock market? don’t invest in banks lol, those are gonna put it in some crappy fund..
do your own research, gets some facts and data that can help and make more sense for your parent to understand and accept.. be ready to lose aswell!
do your own research, gets some facts and data that can help and make more sense for your parent to understand and accept.. be ready to lose aswell!
if you want big profits, you can invest in bitcoin. but if you want your money safely store 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?
Well, such is one difficult thing to do when you decide to take decisions with the elderly, especially on issues they do not understand or have much knowledge about. I think if you could explain to your uncle better on blockchain and Bitcoin he might understand and probably advise you to split your money and put some at the bank while you also invest in Bitcoin.
I guess you should invest on bitcoin now while it's price is on red status.
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 think, since it is your money it is your decision to make. You are here in bitcoin forum and i think you also know why you are here. And at the end, do not regret anything.
Invest in bitcoin is really good so there is no way that someone could stop you because it is your money and that money if being invested to bitcoin that will relatively gain some profit to enjoy especially now that market price for bitcoin is starting to grow more. This will be beneficiary to you if you will follow your will on to invest and not your uncle.
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?
Interest wise, choose bitcoin. Bitcoin will provide more earnings rather than in bank. Much more opportunity lies in bitcoin but i think security wise, it is bank. But for me, no matter what you choose, do not regret anything.
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