Insurance or cryptocurrency investment?

[equator]

There is no assurance in cryptocurrencies you would pull out your money or increment even after a long period of wait.
I would rather suggest to hold your money with insurance policy. Investing in crypto is a kind of legal gambling and gambling involves risk.

without risk you cannot get high profit you can do is just put some part of your investment to bitcoin and balance you can put in insurance so if tomorrow bitcoin die you wont get affected but if got to jackpot price then you will become rich

[tiggytomb]

It's a tough decision to cease one investment and move it over into crypto but if it all goes well it could really pay off but there is always the slim chance of it going the other way.

[ss890]

Who have seen the future after ten years with an insurance company which is having all those tiny terms and conditions written with smallest font size and you won't able to read it after ten years from now. That would be shitty to keep it in the insurance box and they just turn the conditions when it comes to availing the same. Better pull it out now as the time us right to invest your money into bitcoin and other altcoins. If you see future of bitcoin ten year from now then it's just blooming and you are already millionair believe me. I'm not talking in the air but that's the fact and facts never change. Look at the bitcoin currently it's been very successful since the start of it and growing over and over again. Don't regret after ten years just enjoy the investment at this point.

[Carlsen]

I would say that you have to keep in mind that crypto currencies are not only risky in terms of price developement.
There is the technical factor as well.
Your coins can get lost or stolen. An exchange can get hacked as well. In those cases you have a 100% loss.
Those are external circumstances you have to consider as well when you move money from an insurance into crypto.

[metenjean]

Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation.  

The thing about insurance, its difference from investment. If you're investing in insurance for its protection then it would be a waste to turn it into bitcoin because, why would you pull your health plan, in case you got any problem then nobody will cover for you. However if you're investing in insurance thinking it would be triple 10 years later then it would be a big mistakes, remember that insurance investment plan didnt has a fixed rate and a fixed income, your investment can either double triple or flat. Mostly however if you add investment with insurance, then in 10 years you're investment will surely become losses as some insurance got acquisition cost other than more added cost.
If you're thinking about crytocurrency investment, then i think you need to invest idle money in your bank which really used for investment, other than withdrawing your insurance. It would be a disaster broo  

[ewonardo]

Insurance becomes vital choice for those us who live in modern times. Because with insurance, our condition in the future is more secure. Whereas in crypto, everything can happen without predictable before, especially if intend to transfer insurance funds into bitcoin. Use other money than insurance. Investing little by little as you are saving to bank. I believe it's more effective and safe.

[Karen23]

Cryptocurrency offers higher interest than insurance obviously, especially if you invest in bitcoin and hold it for long term.
Bitcoin has been proven could gain fantastic value every year, even there are a lot of fluctuation, but at least bitcoin could tanks, recover and rise again. The cycle always repeated, that's way people always sell bitcoin whenever it reach highest price.

I agree. My insurance promise to give me atleast 3x aftee 10 years of maturity but compared to btc from May 2017 is more or less $2000 dollars now it rises to $4000plus. For 4 months there is 200% rise.

[audaciousbeing]

Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 

Its obvious you know the decision you want to take but you only need to be more careful with the choice of action as you proceed forward.

The issue about the way the system is designed is that no matter the interest they are offering you for keeping money with them, its just the same thing you kept with them with some cents on it if any due inflation that would have been calculated before coming out to tell you the fixed interest rate  While they would have made more than double portion of your fund only to keep them richer.

[Karen23]

Insurance becomes vital choice for those us who live in modern times. Because with insurance, our condition in the future is more secure. Whereas in crypto, everything can happen without predictable before, especially if intend to transfer insurance funds into bitcoin. Use other money than insurance. Investing little by little as you are saving to bank. I believe it's more effective and safe.

I'll be considering your opinion. I am somehow thinking of that too. Cryptocurrency can give you high profit but is volatile and risky where as insurance is more secure but only very low yield.

[Peterson60]

I would advise you not to do that. Or at least now with your all savings. There are many people who lost their money thinking that way, that BTC will in the end always rise. Anything might happen and the price of Bitcoin might go south. So if you want to invest in cryptocurrencies consider all risks that these investments involve. Perhaps you find out that it will be better to invest only a portion of your savings. I know that money in a bank account which you will not touch are kinda useless, but at least they are there.

[carriebee]

It is best not to pull out your insurance. Somehow it will gives a secure return of profit in the long run. Why not invest also in cryptocurrencies without pulling your money in insurance? Actually investing in cryptocurrencies will gives you a profit but before doing that investing. Take a research on what coins you will put your money because it involves a risks. As what others say's don't put your eggs in one basket and invest only on what you can afford.

[diegz]

I would advise you not to do that. Or at least now with your all savings. There are many people who lost their money thinking that way, that BTC will in the end always rise. Anything might happen and the price of Bitcoin might go south. So if you want to invest in cryptocurrencies consider all risks that these investments involve. Perhaps you find out that it will be better to invest only a portion of your savings. I know that money in a bank account which you will not touch are kinda useless, but at least they are there.

That's true. If you are already secure with your insurance for your future, I think it is not advisable anymore to withdraw those and invest in Bitcoin. Insurance is the security of your future, don't touch it.

If you want to invest in bitcoin and you can produce money from other sources I think that is much better. Consider your Bitcoin investment as an extra insurance, if it fails, fine, and if Bitcoin succeed, then that's better for your future.

[maurobiasolo]

Well, do you have wife/sons depending on you? Because in this case, risking your insurance would put everyone on risk

[MoneyIsDebt]

both are beneficial and it is upto you and what you prefer to do. i think the investment in crypto is better for me because right now i am just 20 and i have take risk to build my future. there are some altcoin there which have enough potential that they will make you millionare if you invest a good amount in it and hold for a long.

[Specterminate]

it's really a question of whether you want to play it safe or not. Insurance is the safe way, but crypto investing offers a higher return as well as a higher chance that you'll default

[Vikingr]

Insurance becomes vital choice for those us who live in modern times. Because with insurance, our condition in the future is more secure. Whereas in crypto, everything can happen without predictable before, especially if intend to transfer insurance funds into bitcoin. Use other money than insurance. Investing little by little as you are saving to bank. I believe it's more effective and safe.

I'll be considering your opinion. I am somehow thinking of that too. Cryptocurrency can give you high profit but is volatile and risky where as insurance is more secure but only very low yield.

In spite of volatility, I think Crypto investment is far better than insurance. The way the market price of Bitcoin is increasing, I can see the future of the one investing in Bitcoin far brighter than the one who has invested in Insurance. Insurance cannot give you what all Bitcoin is giving you.

[PAKYU]

i couldn't understand how will you buy cryptocurrency with your insurance?

[jostorres]

Without proper knowledge of crypto trade Don't join in trade.if you have no idea or proper skill about crypto trade then its not for you. Crypto can give you 3x or more withing few times but it has huge risk also.You can lost all of your investment also.so if you think, you are in good trade then welcome in trading.If you think you are not,then go for insurance.Insurance will be safe investment.

I will prefer crypto currency investment over insurance because we can gain more interest on crypto investment then insurance. Crypto investments are good for anyone if he has good knowledge of these digital currencies and their uses.

If you have no knowledge about crypto currencies then I will suggest you to get in touch with them from online tutorials and discussions.

[fullhdpixel]

Who have seen the future after ten years with an insurance company which is having all those tiny terms and conditions written with smallest font size and you won't able to read it after ten years from now. That would be shitty to keep it in the insurance box and they just turn the conditions when it comes to availing the same. Better pull it out now as the time us right to invest your money into bitcoin and other altcoins. If you see future of bitcoin ten year from now then it's just blooming and you are already millionair believe me. I'm not talking in the air but that's the fact and facts never change. Look at the bitcoin currently it's been very successful since the start of it and growing over and over again. Don't regret after ten years just enjoy the investment at this point.

You are absolutely right. I can hardly see any benefit of investing any money in the insurance. One can hardly get any significant profit by investing in insurance. On the other hand, Crypto currency investment is a guarantee for a bright future with a lot of profit and money. You can get a huge profit from it.

[NetFreak199]

Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation. 

No dont pull your insurance you must have other thing to invest dont pull you insurance just to invest it in bitcoin i am not telling that it is not good to exchange it but for me it is not good it is too risky doing that way are not good decisions even if you trade it or exchange it for investment are not a good idea. Make your own profit to invest but not your insurance.