Survey: if you have $50k fiat ,will you invest in btc or put it in bank? - page 2.

bitcoinsocial09

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Quote from: tukagero on January 05, 2020, 03:04:30 AM

Just what the title says if you have $50k fiat ,will you put on btc or in bank ,which of them will give you bigger profit after 10 years? Your money will gain interest when you put in a bank, your already sure the amount will increase, or put it on btc and leave it for 10 years. Which is better?

I think both of them are different and have their pros and cons I think the bank is a great wallet that you could put your money since it is safe and you could also earn a small profit through the years.
And then bitcoin if a great investment since you could earn a good amount of profit in just a small-time but the risk is so high compared to banks and also your money could also go down or dump.

msarro

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Price on which to buy bitcoin is very important. If we have a bull market that is going up or at its highest then its surely not a good idea to buy bitcoin. Bitcoin is only good at decreased prices.
50k $ I will buy bitcoin only if its around 6k$ else bank, stock market , oil trading are good options.

virasog

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Quote from: tukagero on January 05, 2020, 03:04:30 AM

Just what the title says if you have $50k fiat ,will you put on btc or in bank ,which of them will give you bigger profit after 10 years? Your money will gain interest when you put in a bank, your already sure the amount will increase, or put it on btc and leave it for 10 years. Which is better?

The banks do give interests but does it even worth to put this big money in bank for 10 years. If you had only these two options to choose from, I will surely choose to buy bitcoins from them. I may even get the same return within two years with bitcoin investment, which I would get in 10 years if I put this money in bank, so for me its investment in BTC.

luckyflop

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Quote from: tukagero on January 05, 2020, 03:04:30 AM

Just what the title says if you have $50k fiat ,will you put on btc or in bank ,which of them will give you bigger profit after 10 years? Your money will gain interest when you put in a bank, your already sure the amount will increase, or put it on btc and leave it for 10 years. Which is better?

If I choose to invest in 10 years, I will use all this money to invest in the cryptocurrency market. I will buy bitcoins and some of the top altcoins in this market and hold, within 10 years I am sure that this market will bring me a huge profit compared to my depositing them in the bank. Depositing money in a bank is a safe option for us, but it doesn't really bring much money and profits compared to other forms of investment.

Fappanu

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I will not invest all my 50,000$ if bitcoin.
Because even we know that bitcoin will increase price we are not sure that price of this will increase in 10 years.

For me i will invest only the half in bitcoin and the remaining 25,000 I will put in Bussiness and the profit i will get in bussiness i will put in Bank.

electronicash

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right now that you have discovered BTC, you will probably think storing it in a bank will be a bad idea. and its true.

i wouldn't be putting it on a bank account if i were you. the government will just keep stealing from those saver like you. if you think for awhile like your $50k can right now buy a car of your dream, 1-2 years from now, you may not be able to do it with same amount.

how much will the bank interest be these days? 0.02%? that's nothing when BTC moons.

Lucius

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I would say that it is much safer for most people to deposit money into the bank, not because of the unpredictability of Bitcoin in the next 10 years, but because most are not ready to be their own bank. $50k is currently 6.72 BTC, and its nice amount of coins, but it is also a big risk if buyer does not know how to properly secure them.

For me, there is no doubt that most of the money would be invested in BTC, at least 80%. Banks are safe in terms of security, especially if the government guarantees deposits up to a certain amount, but the interest rate (at least in the EU) is quite low. If I had to choose anything other than BTC, then it would be gold.

My personal opinion is that in 10 years 1 BTC can easily be worth at least 10 times more than today (up to $100k), but there is no guarantee that this will happen. Of course, inflation and taxes should be taken into account, but I think the risk is worth it, especially if it is not the money you need for everyday life.

DreamStage

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I would make not only those options but even more.

For instance i would invest in specific cryptocurrencies as the main ones that are most important to me:
Bitcoin, Ethereum, Litecoin, Ripple and some other.

Leaving in the bank just for security measurements would be another option.

The rest i would basically use it for something worth in real life or even helping out someone in needs.

jakelyson

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Quote from: tukagero on January 05, 2020, 03:04:30 AM

Just what the title says if you have $50k fiat ,will you put on btc or in bank ,which of them will give you bigger profit after 10 years? Your money will gain interest when you put in a bank, your already sure the amount will increase, or put it on btc and leave it for 10 years. Which is better?

Is these just the choices? If so 80% will go to bitcoin, the rest I will keep handy for unexpected expenses.

But if I can allocate them myself, I will allocate as follows:

10,000 -- on hand for expenses
20,000 -- invest in crypto, mainly in bitcoin and some in emerging altcoins
20,000 -- invest in stocks.

I believe that I should not put everything in one place. It is always best to diversify.

imstillthebest

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investment wise ill go with the bank because im sure that banks can exist a long time but im still not sure about the future of btc despite of its boom however i dont put all the cash on a bank but i divide it let say ill handle the 10k usd on hand ill put it on my own vault located inside my house while the rest 30k on bank and the rest 10k can go thru bitcoins just incase that i earn some extra profit if ever btc pumps from the next year or two . i dont worry at all because 10k on btc will only look small compare to my backup funds which was 30k on the bank

aoluain

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I'm taking it that someone has handed me $50,000 in cash or bank transfer
or inheritance so here is what I would do.....

1. $25,000 straight into crypto

32 ETH to stake
Balance to Bitcoin

2. Pay off my $10,000 (approximately) loan

3. $15,000

50% stays in the bank account
25% to Cash
25% to Crypto card

fourpiece

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Activity: 821

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I will rather invest all of it in bitcoin rather than putting it in a bank with low interest. I already experience that, i have 1000$ in my bank after 3 months my money became 1001$ . It will take so much time before you can say that banking is worth it.

gentlemand

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Welt Am Draht

Fifty grand in a bank is going nowhere but down. That is 100% guaranteed. They've sacrificed savers to keep everyone else afloat.

It's always useful to have cash on hand but the idea of it offering any type of return let alone staying ahead of inflation looks to be officially dead.

FairUser

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Sure, I will use 50% of the money to deposit into the bank, and the remaining 50% I will invest in this market as reasonably as possible. The first principle you can invest is never invest all the money you have in any market. And then, never invest in a portfolio, diversify your investment to limit risk

kayvie

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Activity: 1022

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I think it is much better to put half of it on the bank and half will be on bitcoin. So, anytime I need money, I can take it in the bank and I will be having my savings and my own investment at the same time. That way, I can secure my funds and I will be able to earn a profit from investing in BTC.

Experia

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Activity: 924

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If want a security in your investment you better go for a bank investment then if you want to risk your investment to stake a good value in the future then go with bitcoin investment. Well I guess in the same period of time you will be having a good return on btc investment rather than putting it on banks.

Divinespark

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Investing in this market will definitely be a top choice for me. I will take all risks to invest in this market, I will buy 70% of the money with bitcoin and the remaining 30% I will use them to buy the top altcoins in this market. As I said I will take the risk to invest and with this decision, if successful, it will make me more profitable.

nasipadang

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Activity: 1274

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In my management, I prefer the security of assets and as much as possible to make a profit even though a little. so maybe I will put most of the money in bank deposits and get interest. then with the remaining money, maybe I will trade as cryptocurrency. this makes more sense in my.opinion

naomi-the-cat

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I prefer traditional stock market instead

dimonstration

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Dimon69

If within the two, I definitely choose bitcoin, it might be risky but there is chance to earn or gain returns due to compound interest afterwards unlike in bank that it will still be the same in the entire lifetime or worst will be lessen due to tax deductions.

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