Topic: Use your money wisely. Invest or Deposit ? - page 2. (Read 4689 times)

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.

Bitcoin is showing a good uptrend, but there is no unequivocal opinion that the bear market is over, and although this seems unlikely now, we cannot rule out a fall in the price of bitcoin this year. The example when bitcoin rose from 17k to 28k is an example of the past, and cannot be applied to the future, because we do not know what the further price movement will be and if the fall follows, then how long it will be, perhaps the bear market will continue for another year or more.

If i have such money in my account, the first thing that will be in my mind is to invest. Because no one ever get richer by saving in the bank. You can only get richer by investing.
Since the money wont be used for daily sorting of bills, it is wise to buy some bitcoin with it and hold for the bull run to have more profit.
Preferably, you can as well divide the money by living like 25% in your account for unforseen circumstances. Because once you invest all in bitcoin, and need arise that you need money to solve, and you dont have any money left, you will be stranded. So to be on a safer side, use 60% for bitcoin investment then 40% in your account. If you can manage the risks.

The best idea is putting this  sum of money into bitcoin because if bitcoin price suddenly goes down so there will always be a chance to go up under the favorable circumstances. In previous year the price of bitcoin was 17k$ but now its up to 28k$ so those who did not sell their bitcoin and wait for increase in price will surely greater profit of their holding.

I think bitcoin cannot be go more in dip but if it happens then it is possible to recover the Loss by waiting for the best result to achieve because market doesn't remain in a constant position all the time.

Exactly, you shouldn't put the funds that you will be needing soon in a volatile market. People always think that investing would always results to "profit" which is not, that's why there's always a risk in investing. Always put money that you afford to lose for you to have a peace of mind when it's a loss if it's a win then congrats. Don't focus on a good side of investment because before you reach that point, there's also a bad side it's like gamble if you have an non-well decision in investment. If you put you're savings then your back up money is on the line.

Things can change at any time, and using all of your savings for bitcoin investment can be disastrous at times, so since these funds are available, you may feel as if you don't know what to do with them. However, I believe that if you have family, unfortunate events may occur, and you may be able to use these funds to save that person's life.So, if you invest all of your money in bitcoin and the price does not rise as expected, you may end up losing your money or losing that person's life. I believe it is now up to you to decide whether to invest some of your money and keep the rest in a bank account.

Those who save money in the bank do not expect developments in money or profits through that money, but they only hope for security in the money they save. Now money can be used for everything including for investment, so you also won't be wrong if you want to use money as your investment capital in life without saving it in the bank.

But what you also have to remember is that your money can be reduced when you place it in the wrong investment, because the risk of every investment is always there. So, apart from remembering the benefits you can get through the investments you make, you must also not forget the risk of losing money when the investments you take don't go according to plan.

I support your decision to invest 100% of it in bitcoin, but to say that bitcoin will replace fiat in the future is highly unlikely and most likely impossible. As long as the government still controls this world, they will never let that happen. It will never be possible that they will let a decentralized currency replace fiat money and take over their power. It can be said that fiat is their leading power distribution system, they control all of us through fiat, and if they lose it, their power will be shaken too.

Investment on bitcoin is also risky as we can experience also loses when we invest but that's normal because in every business we expect to have loses and also profits and looking at the how volatile the nature of bitcoin is makes it a perfect means of making lots of profits when we actually invest on a long term deal and we can lose more if we decide to go for a short term transaction if suddenly the price begins to dip from the time of ones investment.

investing in real estate, business, or crypto is indeed the best choice. by making a deposit, the assets we have may increase slowly, but the fiat value sometimes decreases due to inflation. however, by investing, we can make more money in the future when we invest in the right things. this has been proven a lot. in fact, many of them can even multiply their assets with investment.

there are still interest on it if you put it on the bank but again that was low and lets say that you really dont need that money then it is really good to put it in bitcoin as no matter what the price is you have a high chance that you can make more from it. Though if you want to play safe then it is better to put half on bank and the other is on Bitcoin

If we only keep money in a bank or deposit then we will not see the development of our money, investment is the best place to get big profits, now there are cryptocurrencies investments that allow us to fully control our money or assets.

If I had $100,000 in savings that I didn't need for daily expenses, there are several options that come to mind.

On the one hand, putting the money into a savings account with an annual interest rate of 3% could provide a reliable source of passive income year after year. This would be a relatively low-risk option, and it would allow me to keep the money easily accessible in case I needed it for any unexpected expenses.

On the other hand, investing in Bitcoin could offer the potential for higher returns, but it comes with a higher level of risk. The value of Bitcoin can be volatile and unpredictable, so it's important to do thorough research and consider the potential risks before making any investment decisions.

In my opinion, a balanced approach that incorporates elements of both strategies could be the most prudent. Perhaps putting a portion of the money into a savings account to generate some passive income while also investing a portion in Bitcoin could offer the potential for higher returns while also providing some stability and security.

Ultimately, the decision would depend on individual circumstances, risk tolerance, and investment goals. It's important to carefully consider all options and make informed decisions to ensure the best possible outcome.

in the long run I will buy bitcoin with all my money because I believe bitcoin is a substitute for fiat money in the future one of the reasons I chose bitcoin is because bitcoin is limited, only 21 million coins in the world cannot be added anymore. and I really believe the future of bitcoin is not only an investment tool but we can buy food items using bitcoin I really look forward to that time

If we aren't considering other expenses and this is all just pure decision between deposit and investing then I would always choose investing since I am bullish with bitcoin and if that's the price point that I could get in then it's all the more better because I know that my profit will be enormous if I get in at that point.

Yes mate you are right that it is always high risk to trading or investment with Cryptocurrencies. I will also agree with you on this point that is investment should diversified but in this case if any person wanna do  investment only on bitcoin then I also think that it can be also beneficial the thing investor have to hold it for long term . In my personal opinion I think it is more safe to investment on only bitcoin without going to alt-coins.  And I think the more alternative coins you invest in, the more risk and effort you'll need.

Investment needs to be diversified. Many forum users have suggested diversifying the portfolio. I would also agree with them. Because there are always risks in cryptocurrency. If we talk about Luna Crash event of 2022 where lots of investors are completely bankrupt because they keep their entire investment in just one project. If there was variation there would not be situation like Bankruptcy. Many investors never imagined that a project like Luna suddenly collapse. Since there is no assurance of any top-level project in altcoins, so investment diversification is essential for all the investors.

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.

Every smart investor should know  business diversification is a way of saving them some stress when it seems all is not well with a major business investment they had put in their efforts. There is a saying that says " do not carry your eggs in one basket" this parable is enough to teach every business man and woman a lesson.

With such an amount of money, one can split it into various business portfolios as the case maybe so that one can be on a safe zone if one business fails, the others can serve as a backup to remedy the situation. There's always the possibility of profit maximization

Diversification is always a nice move because we are really that lessening the risks if we do speak or comparing it on having that all-in kind of behavior or investing decision. Although the risks is lessen but you would really be that needing that sufficient fund or money to invest on so that you could really be able to partition it out. Honestly i dont have much fiat savings on my bank, there are some amounts but not really that much
which i could say or consider to be big because most of those funds are invested here on crypto space and some on some local stocks and even on real estate, although not that big or much
but at least i did make out some diversification which is something that we do really need to do so. If you are that wise when it comes on handling up your funds then more chances for you to make
profits in long term but of course it wont really be giving out some assurance since we know that failure is always next in line. Good thing is that you do
divide out that risks which other sources would be able to patch it up and thats the beauty of it.