Use your money wisely. Invest or Deposit ?

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Quote from: smile1218 on July 05, 2023, 02:38:59 AM

Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

For me i will diversify my portfolio. I will invest in bitcoin and at the same time i will deposit some. I will wait for the price drop of bitcoin before investing in it as we all know that bitcoin and other crypto currencies is very volatile, and i am planning invest on the right timing so that i will not regret my investment. For the deposit i will deposit part of it that will be set aside for emergency fund. In case of emergency i could easily withdraw that savings in the bank. So while there is no emergency yet it would still generate a little bit of profit if it stays at the bank.

If you can execute your plan and you can stay focused on how you set it up,

The chance of making good passive benefits will await you. It's more about how you dwell with your plan and how you execute
with the right timing. It's tough but doable if you will continue to focus on finding the right investment and the right balance of your
expenses, you'll be able to make something good and be financially stable in the future.

smile1218

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Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

For me i will diversify my portfolio. I will invest in bitcoin and at the same time i will deposit some. I will wait for the price drop of bitcoin before investing in it as we all know that bitcoin and other crypto currencies is very volatile, and i am planning invest on the right timing so that i will not regret my investment. For the deposit i will deposit part of it that will be set aside for emergency fund. In case of emergency i could easily withdraw that savings in the bank. So while there is no emergency yet it would still generate a little bit of profit if it stays at the bank.

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legendary

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Quote from: huu78 on May 05, 2023, 07:09:09 AM

Quote from: palle11 on December 09, 2022, 04:22:21 AM

It depends on the person involved and the mindset also. People invest on what they have interest and know about, therefore it will be difficult to convince a hater of bitcoin to invest in it, he will obviously be looking at the depreciation or drop times and calculating it as lost but not knowing that with time it will go back to profit. To invest in bitcoin is the best compared to keep your money in the bank and expect just $3,000 as return in a year when you invest $100,000. If you buy bitcoin now at $17,000, you can be sure of $50,000 turn over soon after halving.

I agree, even though bitcoin is well known to many people in this digital era, there are still many who don't think about investing in it, it's true that bitcoin has shown a significant increase, but it's not a benchmark that someone will buy it.

There are still people who think that bitcoin is just a bubble.

Those who have this kind of mentality will never be attracted to invest with this asset, though we can say that there are many people who
already have that knowledge and already dealing with their investment participation.

But along that line, we can still consider other people's belief and how they project their own investment
we might see them investing with Bitcoin or any other alternative coins once they fully understand the potentials.

huu78

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Quote from: palle11 on December 09, 2022, 04:22:21 AM

It depends on the person involved and the mindset also. People invest on what they have interest and know about, therefore it will be difficult to convince a hater of bitcoin to invest in it, he will obviously be looking at the depreciation or drop times and calculating it as lost but not knowing that with time it will go back to profit. To invest in bitcoin is the best compared to keep your money in the bank and expect just $3,000 as return in a year when you invest $100,000. If you buy bitcoin now at $17,000, you can be sure of $50,000 turn over soon after halving.

I agree, even though bitcoin is well known to many people in this digital era, there are still many who don't think about investing in it, it's true that bitcoin has shown a significant increase, but it's not a benchmark that someone will buy it.

naikturun

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Quote from: Zaguru12 on December 09, 2022, 01:23:39 AM

Analysing the interest rate from the bank, each year I get a 3% interest which equals up to a $3,000 increment yearly. But with bitcoin at 17,000 at purchase time in a year if bitcoin grows up with a 1,000 price up (moves to $18,000) I will have my assest increased by 6,000 or so. And with bitcoin price at this low I expect it to get higher than that In year. Further more since it is an amount I could do away with I will readily invest it in a thing that stores my value. With it been in the bank I could face devaluation of that currency over time.

That being said, if you're comfortable with the risks involved and have thoroughly researched and understood the cryptocurrency market, investing in Bitcoin can potentially yield higher returns than a savings account or other low-risk investment. Just be sure to carefully manage your investments and not put more money into Bitcoin than you can afford to lose. It's also a good idea to diversify your investments across multiple assets to reduce your overall risk exposure.

Sayeds56

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Quote from: gaston castano on May 05, 2023, 05:55:22 AM

when i got profit, i use that to make another source income, not only in bitcoin, i know the price will always rise, but sometime it will fall, and that what i said when it fall i still have income from another source.

I completely agree with your assertion that diversification is an essential strategy to manage risk and ensure reasonable returns on investment portfolio.The best approach is to diversify our portfolio in a manner that it includes a portion allocated to secure investments, such as bank deposits.Additionally, a portion to be allocated to low risk investments like investment funds, and finally, allocate a portion to high risk investment such as Bitcoin and crypto currencies. this type of diversification can possibly balance the risk and reward profile of our portfolio.

gaston castano

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when i got profit, i use that to make another source income, not only in bitcoin, i know the price will always rise, but sometime it will fall, and that what i said when it fall i still have income from another source.

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i think it's fair enough to make them as investment land, but if the market allows in negative circumstances i will invest at least 80% for deposits i think they are much safer when the market is in negative trend, 20% to play in small crypto is enough for me , moreover $20000 is not a small amount of money to with trade .

Sayeds56

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Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

l. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

Investing in fixed deposits of banks is generally considered a secure and low risk option, because interest is guaranteed, however the amount of interests paid on such deposits is relatively low and doesn't fully cover the rate of inflation most of the time. On the other hand, investment in bitcoin is high risk and volatile option but potentially it can yield high returns on long term holdings. It is generally advised to exercised this option after fully understanding the fundamentals of Bitcoin technology and dynamics of its market, as well as keeping in view your financial situation and risk tolerance limits.

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Quote from: LastKiss on May 04, 2023, 09:22:33 AM

Staking and farming are also a risk since we need to buy the tokens and start farming or staking, we never know when the value of the token that we used will go down. Everything like investing or depositing in the bank also has a risk, just like we see there are already a few banks almost bankrupt due to interest rates from the FED that affect customer behavior. If we want to wisely use our money we should learn first before we use it since knowledge is really important to prevent money loss in an instant.

Of course, both staking and farming involve buying tokens which are used to earn rewards or returns, and these tokens are subject to market fluctuations, meaning their value can go up or down. This means that there are risks involved in staking or farming, just as there are risks with any investment. Saving money in a bank can also be risky, as evidenced by several banks that went bankrupt due to changes in interest rates. Therefore my opinion is for anyone to study the working concept before investing in any assets or staking/farming, because knowledge can help reduce potential losses and maximize profits.

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Quote from: LastKiss on May 04, 2023, 09:22:33 AM

Quote from: spiker777 on May 04, 2023, 08:43:19 AM

Quote from: Sir Legend on May 03, 2023, 09:25:09 PM

If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

but it is also very risky to invest in cryptocurrencies. and there are very good chances that all money would loose at the end. pluse all the other risks for example getting hacked or scammed. but if someone is still willing to take all the risks then yes investing in crypto can give very high yeild compared to real life investment..
I would go with staking and farming type of investments because this is a type of investment where your original amount of money is kind of safe and can be redeemed whenever you want.

Staking and farming are also a risk since we need to buy the tokens and start farming or staking, we never know when the value of the token that we used will go down. Everything like investing or depositing in the bank also has a risk, just like we see there are already a few banks almost bankrupt due to interest rates from the FED that affect customer behavior. If we want to wisely use our money we should learn first before we use it since knowledge is really important to prevent money loss in an instant.

Yes. but there are many big platforms where you can do staking and farming without worrying much about token price because the token or coin you'll be staking is pretty established. for example, if you do staking in Binance launchpool using BNB. BNB is a coin that is not very volatile like newly released tokens. all you need to do is stake BNB to earn tokens available in their launchpool. even you can stake stablecoins to avoid even a little bit of price drop. this is what I meant when I said staking and farming and I think this type of staking is pretty safe.

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Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

You can put that amount in a bank but you will only get a short interest, while if you put it on bitcoin investment you can get a big profit if bull run begins, lets put a year 2021 as an example when btc reaches above 60k$ can you imagine how big is the profit to those who invest btc and buy it when it is 15k$? Puting money on the bank is not so good for me because i will choose to invest in crypto than bank because crypto is full of surprises specially to those who have patience.

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Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

Having a $100,000 sleeping in my bank account with an annual interest rate of 3%, For me i will invest it in bitcoin specially if the price of bitcoin is in deep like it reaches $17,000. We all know the risk potential of the crypto market, but for me i believe it would be a good investment because my goal is to keep bitcoin for a long time and i will wait till the bull market for me to be able to get profit. If i will just keep my money in the bank the interest earnings is very low compare if we take a risk in investing in bitcoin.

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Quote from: spiker777 on May 04, 2023, 08:43:19 AM

Quote from: Sir Legend on May 03, 2023, 09:25:09 PM

If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

but it is also very risky to invest in cryptocurrencies. and there are very good chances that all money would loose at the end. pluse all the other risks for example getting hacked or scammed. but if someone is still willing to take all the risks then yes investing in crypto can give very high yeild compared to real life investment..
I would go with staking and farming type of investments because this is a type of investment where your original amount of money is kind of safe and can be redeemed whenever you want.

Staking and farming are also a risk since we need to buy the tokens and start farming or staking, we never know when the value of the token that we used will go down. Everything like investing or depositing in the bank also has a risk, just like we see there are already a few banks almost bankrupt due to interest rates from the FED that affect customer behavior. If we want to wisely use our money we should learn first before we use it since knowledge is really important to prevent money loss in an instant.

spiker777

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Quote from: Sir Legend on May 03, 2023, 09:25:09 PM

If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

but it is also very risky to invest in cryptocurrencies. and there are very good chances that all money would loose at the end. pluse all the other risks for example getting hacked or scammed. but if someone is still willing to take all the risks then yes investing in crypto can give very high yeild compared to real life investment..
I would go with staking and farming type of investments because this is a type of investment where your original amount of money is kind of safe and can be redeemed whenever you want.

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Quote from: Pamadar on May 04, 2023, 07:57:57 AM

Quote from: Sir Legend on May 03, 2023, 09:25:09 PM

If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

That is something you needed to prepare before you really take that step risking your hard earned money,

But I get your point as to opening or owning a business may need a huge amount of money and aside from that, you also need more time
to facilitate and learn more in enhancing the chance of growing your business to succeed,

unlike with investing you are riding with how the team behind the assets will work in achieving their goals to be profitable, either stocks or crypto or any other form of investment you need to learn about the venue or line of the business that you'll going to support and invest.

The only sensible and safer way to use your money is to have balance and control over it like don't invest total amount and don't deposit all your money . If you want to invest your money do normal investments after proper checking and deposit the rest . So that if you have loss in your investment which is very common because its a risky business you should have your deposits as backup .you Don't endup broke .

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Quote from: Sir Legend on May 03, 2023, 09:25:09 PM

If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

That is something you needed to prepare before you really take that step risking your hard earned money,

But I get your point as to opening or owning a business may need a huge amount of money and aside from that, you also need more time
to facilitate and learn more in enhancing the chance of growing your business to succeed,

unlike with investing you are riding with how the team behind the assets will work in achieving their goals to be profitable, either stocks or crypto or any other form of investment you need to learn about the venue or line of the business that you'll going to support and invest.

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Quote from: ScamViruS on May 03, 2023, 01:16:44 PM

Quote from: Supreemo on May 02, 2023, 07:25:33 AM

Quote from: JohnBitCo on December 09, 2022, 05:14:36 AM

Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

There are two things here that need to be done wisely. First investing wisely means that you need to invest in bitcoin and/or in good altcoins and also do the dollar cost average.
Second wise thing is to store your bitcoin and crypto in a safe place. If you store your investment in centralized wallets or exchanges, then you are carrying the risk with your investment which can go to zero if those platforms scam exits.

when you try to put all your investment in a wallet it's better if you check first if it's secured and since there's so many online wallets we should check if it's legit and check their background if they don't do scheme to their customers.

Right. Even using many well-known wallets, crypto users are facing problems. So it is most important in investing, where the investor will store his funds. Such a large amount of funds will be at risk and may even get hacked if an accident occurs. There are a lot of scammers around in the crypto market. So if you are not careful, something unexpected will happen to you which you may not have even dreamed of.

Always remember these rules when investing on crypto space

1. Not your keys not your wallet which simply means not your coins at all
2. You wont make profit or money if you wont risks
3. If there's something too good to be true then its a scam

Just make yourself aware on whats happening around and not really just that too confident on diving without even trying out to know on whats the risks involved.
In speaking about using money wisely then of course having investment would be always the best call. If you do know on what you are doing and
if you are really that a risk taker then its up to you on what you should gonna do.

Sir Legend

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If we are confused for business then the easiest thing to develop money is by investing, currently there are many investment options available and if we dare to take risks then investing in cryptocurrencies is a good choice, the opportunity to profit 100% or more in a year makes me tempted to invest in cryptocurrencies even with a small value.

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Quote from: Marcellin9 on December 09, 2022, 01:00:08 AM

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

With large sums of free money the main thing is to stay mentally stable while managing the funds. So most probably the best option for it can be something like 25% long-term hodl, 25% non-crypto investments and/or savings, 25% to buy something for yourself, 25% for charity. Proportions may vary in accordance with the current financial situation (with sums exceeding a million, charity is better to be more than 90%), but the main vectors, I think, are these four...

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