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 ?
if I really have $ 100k and don't really need it at all for living expenses then I will invest 70% in bitcoin and the rest (30%) in deposito, "don't put your egg in one basket"
I'd rather invest it with Bitcoin. It's a sitting duck in bank savings, 3% annually is not much of a money considering they are using your own money to be invested in different funds. Why not do it yourself instead so that you will be the one profiting and not them. This is my mistake before as I thought the bank will somehow pay your loyalty to them, but it's not going to happen. Business is business and we should think the same as them.
Investing is a risk but it can be rewarding if you know what you are supposed to do.
Investing is a risk but it can be rewarding if you know what you are supposed to do.
even though the bank uses customer money to do business elsewhere, I can't deny it, I still need them. there is a bank in my country that gives quite high deposito interest, maybe I'll try deposito the money there (if I have as much money as OP says).
