Insurance or cryptocurrency investment?

[melted349]

Investment in bitcoin or crypto currency can be some how risky for one to put in all his or her capital into because of the market volatility of bitcoin and other altcion. so, op invest what you can afford to loose, for i do believe in investment diversification in other to the risk of one loosing all the capital.   

Yes, only one of my insurance I'm planning to pull out others I'll let them be for diversification. But if I would trade and reinvest the money I would pull-out you think it's worth it?

Please note that trading should be done with caution. It isn't like you should be scared or you cannot do it, but you have to learn some few things, acquire some trading skills using some of the resources online before thinking of delving into anything.

However, with good caution and with fast learning skills, you can start earning yourself good stuff in no time. Crypto trading is interesting and you will surely love it if you of course know what you are doing.

Before decide that pulling it out then invest it , trade it you must have a enough knowledge then it is what you really like why you do that there is some happening that you need to be aware. And yet some caution right might gonna happen.

[makolz26]

I prefer investing in both, they are both investment wise, but I would invest much in crytocurrency. Actually we both need them, we should be assure in different things because we can never tell our life tomorrow when we get old that is why we need an assurance in our life so we will not die poor and won't be a burden to our family.

[aencarnaci]

Triple within 10 years means 20% interest rate per year!

About what kind of insurance do you speak, as I have never heard about such huge interest rates in regards to insurances?

You are absolutely right that the inflation will reduce the value of your Fiat money and how much will depend on the country you live.

If your insurance pays you 20% per year, then this is likely also the inflation rate of your country!

Hence, investing in crypto currencies is clearly the better option.  

The smartest choice is cryptocurrency (bitcoin). Because investment will be secure to you is more fast in it and you get a lot of benefits from it so no need to get stuck into insurance the safest one is bitcoin and it gives you and your family a secure future. So do it fast and earn fast.

[nieninja53]

I think no any insureance of these problems is available in the market some security sites and Ddos protection provides some security but it is not as insurance like to sugguest to ICOs go bust or in these types,

[TrollinU]

I think, that you can invest in some perspective ICOs. I can recomend you TraceTo. It`s a decentralized KYC network. I think what it`s perspective for some reasons. They are: needful software and good experienced developers team. It`s needful, cause companies need to verify their clients and they need to have some systems, but making them is too expensive and long, so they will use existing. I suppose, that is good chance to make good investment

[nieninja53]

Insurance is fixed amount of return when you choose you can put in mind the value which you will receive at maturity but cryptocurrency investment have no maturity date you can get too much profit with no time boundary,

[jiniyaakter]

They are both good cryptocurrency is if you invest you make profit or loss but insurance is fixed amount

[Leonard2016]

Life insurance is like you save money for hard days But trading is like a job , It is not like saving because of violity , so If you want to look at is as a job it is fine but I don't think so it is like investing!
I'd not keep all of my eggs in one basket so , I'd keep that insurance if it was me.

[Sebeo]

 

[Jorheen]

I think that it would be better if you would be having both insurance and crytocurrency investment. It is important to never put all eggs in one basket, so if anything happens in the future you would still have either insurance or cryptocurrency investment.

[gunungkembar]

there is actually no insurance when you invest in the world of cryptocurrency such as bitcoin, bitcoin for investment has a very high risk but from a very high risk you can get a lot of profits.

[whirlcoin]

Both are different kind of investment,and even we can't call insurance as an investment it is just the security of our money so the return from insurance are very less on the other side the crypto currency investment are highly risky but it can give us high returns so you need to decide what you want.I will say go with cryoto currency investment.

[kawser05]

I think the best solution is you have to invest all money in crypto currency,  cz in this moment crypto can make you rich, you can earn double profit from it.

[BitcoinNational]

If you can triple your amount of money with your insurance,  it's a very good investment.  At least,  it has the advantage to be more secure.  Bitcoin and other coins can bring you more but you can also lose a lot.  The most important is to keep in mind this and not be too greedy. Maybe you can split your insvestment in two and keep one part in  crypto and the other part in your insurance.

[Granit0]

Oh, Oh, are you serious?! You can't trade for the money you need. Everything could collapse at any moment. There may be objective reasons - such as a government ban. You can stay with nothing.

[Zadicar]

Why old topic being bumped yet is almost 8 months on where the last reply had been posted.?

Going back on topic, i dont know why pulling out insurance money just to put up on crypto investments, if you can embrace the risk in crypto then proceed but if not and you arent sure better stay those funds insurance.

Oh, Oh, are you serious?! You can't trade for the money you need. Everything could collapse at any moment. There may be objective reasons - such as a government ban. You can stay with nothing.

This indeed one of the reasons but this kind of thing on happening would really be on slim chances.

[JimmieA]

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.  

I think you are thinking in the right direction, you keep your money in the insurance and the money you will receive after 10 years if there is a greater value. For those 10 years if you have succeeded in investing in cryptos you will probably own a lot more money. Although investment has a  risk rate, it is still acceptable

[Ailmand]

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. 

Cryptocurrency actually has that kind of capability to be somewhat an insurance; however, the main and glaring difference is that, for insurance, you get to have a contingent fund, while on the other hand, cryptocurrency can be stored and be used similar to how an insurance fund works, but since the market is volatile, its values may not be as standard like an insurance have. Also, insurance funds are safer and governed by law for the protection of those who avail of it. So, if I may suggest, I would got for both, don't pull out your insurance solely to be invested on cryptocurrency, because at the end of the day, it's not as safe and reliable.

[Crypto Sway]

Why not have both, crypto backed by insurance? This company is creating this opportunity, what do you think? https://bitcointalk.org/index.php?topic=3085831.0

[Coinnosaurus]

Perfect idea. And if you mortgage your house now, at historic low rates, you will be able to pay off the loan in short order. Then you will have the Bitcoin you purchased debt free