The best way to manage free money

[gurang]

I feel unable to do daily trading in market bitcoin / cryptocurrency, I want to invest my money. please give me advise on what you think is good about:

1. bank deposits
2. Lending cryptocurrency
3. Mining
4. Gold assets
5. Property
6. other ideas ...

your response will be very useful for me, and maybe some visitors who read this thread. and thank you for your comments.

Buy it to something worth it.  Like tuition or food for your family or just buy something worth remembering. For instance you receive a money in your birthday just buy something for you like dress,  shoes, make up kit etc...

[Nfp]

If you'd like to invest on cryptocurrency, i should prefer you to invest with bitcoin and ethereum. This two different types of cryptocurrency i think is the most trusted and having a great potential to create a higher value in the future. But you have to be patience about what's happening on it's market value this days, because it might be manipulated by those big whales holders, that's why this is happening to its price.

[boled]

Open your own business)
Buy a franchise and make money, for example

this is actually a good choice, I am also interested, but not enough capital, we must provide the place of business, then pay the initial capital. say KFC or MCD, or retail, this requires land that is not cheap, and can not arbitrarily choose the location, need research, wrong place where the effect will make the business quiet. still plus should think about the building and capital to pay franchises

1. As to bank deposits, this is not worth it unless you have large amount because you will have bigger interest rate. If you only have small amount then don't bother. At the end of the year, your money will just be devalued because of inflation and you will have to pay taxes for your interest.

Thank you, https://bitcointalk.org/index.php?topic=3198600.msg33222324#msg33222324 I've done research for this one, the conclusion, the deposit interest rate in my country is maximally only at 5.8%, but this is the safest option.

2. Maybe you can lend cryptocurrency to sites such as poloniex and bitfinex. You need to set an interest rate daily or any other term that is preferable for you. This is preferable for me because my cryptocurrency is increasing even though I did not do anything.

this is what I am studying, since yesterday I try googling search for references about lending. a lot of fun stories, there are also some sad because forgot to do the task, like in yobit, lending there require to do some tasks, poloniex lending there own market, but I see the benefits guns remain, always changing, and its value is still under deposit bank. this seems to be too early, there is still much to learn.

4. This is a good investment for me. We know that before the existence of cryptos, precious metals has been a safe haven for investors if there is an economic uncertainty and even if cryptos are already existing, gold has always been the favored asset for some investors because it is tangible and widely accepted.

5. Property is a good investment as well. To have a passive income, you need to rent it out and you may even just buy and develop and then sell a property.

I will learn more, thank you for taking your time to advise me.

[Mometaskers]

Why not just buy and hold crypto? BTC and ETH do go up in time, you can just deposit them in your wallet and forget about them. I'm not sure about loaning out crypto. Loaning cash is hard enough, I can just imagine how much trouble it is for BTC and the likes.

Can't say much about gold but if you have enough money to buy land then that might be a good place to invest. Land in general do not depreciate.

besides not depreciating, property must wait for sale. if the location is not strategic or marketing is not good then the odds of selling will be very small. it becomes a very long investment. maybe we should really learn carefully about the world of property.

Well he did mentioned "property" in his list so I gave my opinion about it. These properties, as everyone already knows, are not liquid. They are more a long term investment like precious metals. Still, I consider them good investment in general. Sure you'd lose to inflation if you are forced to sell them the same price you bought them but that's still a smaller loss compared to say, selling your car, which would definitely get haggled.

[0t3p0t]

I feel unable to do daily trading in market bitcoin / cryptocurrency, I want to invest my money. please give me advise on what you think is good about:

1. bank deposits
2. Lending cryptocurrency
3. Mining
4. Gold assets
5. Property
6. other ideas ...

your response will be very useful for me, and maybe some visitors who read this thread. and thank you for your comments.

Cryprocurrency investmnts are way more profitable than those you have listed above and for me it is the best choice I ever did so far. Decentralized investments like cryptocurrency is the new trend though depends on every country we are in because it might be regulated or totally banned from where you are now  but here in my country we're doing fine with crypto investments however regulations has already been implemented for us to be safe and to stop fraud. Therefore, centralized investmnts that has stable value is not that profitabke and safe compared to crypto though it is risky.

[poliy1219]

I think the best way is to depend on your risk tolerance. If you have a strong risk tolerance, it is suggested that you can buy some altcoin, which may lose a lot of money but also make a lot of profit. If you need a more secure way of management, it is suggested that you can invest bitcoin, stock, and real estate together so that you can avoid risk.

[selawase]

if told to vote, I would choose cryptocurrency, because now the price is still low, and this is our chance to buy cheaply. This step is great for earning income.

[carter34]

To buy property is the first choice in my opinion. Lending crypto currency is not in my choice instead of that, I prefer buying altcoins purely not lending.

[Biscutard]

Start with bank deposit your money will grow small amounts but steadiness, if you have more fund then invest on Altcoins and bitcoin (landing cryptocurrency), if you earn from it then start purchasing property. One step at a time.

i like this one, sounds easier and safer, but takes longer. can you provide information on which market lending is best for crypto?

Depositing your money in the money can't give you enough profit in the long run and the amount you are getting is constant but when you do invest in crypto currency, there is a tendency that your invested money will grow or drop depending on the volatility.
Lending might be good but it will requires you a massive funds to let them lend on you.
Purchasing property is good when you know the right price of it so when the time you start to sell it you won't be disappointed because you buy high and you sell low.

[tricky boy]

What kind of investment do you want to? If you do not want much income, if you want more security, you keep the bank deposited. If you want to do something for your child in the future, want to buy or trade in business, you can buy property. If you want to do something in your life, if you want to earn bigger returns then you can invest in bitcoin or cipher at this time. In the future you will be the owner of a lot of money. You have to take the risk. Because life without risk can not be improved.

[manismanja]

in my opinion the best way to manage your financial condition you can invest in gold assets, property, mining is the best choice to manage your finances in order to earn a lot of profits and can have a very good income from every month.

[Edraket31]

in my opinion the best way to manage your financial condition you can invest in gold assets, property, mining is the best choice to manage your finances in order to earn a lot of profits and can have a very good income from every month.

If you think that you cannot control your emotion and is spending some things that you think was just nice but you don't need the most so you mush invest your money, learn to save, or let your parents save for you especially when you are still young, it is okay to buy things make sure you need it most.

[iv4n]

in my opinion the best way to manage your financial condition you can invest in gold assets, property, mining is the best choice to manage your finances in order to earn a lot of profits and can have a very good income from every month.

If you think that you cannot control your emotion and is spending some things that you think was just nice but you don't need the most so you mush invest your money, learn to save, or let your parents save for you especially when you are still young, it is okay to buy things make sure you need it most.

Its not same to save in gold, fiat currencies, or crypto. Savings are one thing, investing in businesses to make profit like mining, trading is something else. What are you doing on this forum when you advise people to buy gold, when they can invest in crypto. In last 5 years crypto made higher rise then any precious metal including gold.
Managing free money is putting money to work for you. The best way to so that is to invest in some staking coin, if you have enough to run masternode, or simply to invest in couple potential coins and wait couple years and puck up very high profit.

[sparg]

I am in such a case and i can tell you what i am doing with the money:

-  deposit at bank for bad days
-  investment in real estate development. In my city this is the business that gives you the best profit right now.
-  a small part of them (5%) investing in crypto

Crypto market is still at the beginning and is a risky game. Also you should put your money in more than one place for safety.

[BossMacko]

If you have the amount to invest for a property then you should pursue it. Investing in a property is the best option out of those choices, property price always increases especially if its located in a commercial area. Other than that if you can also do a long term investment for cheap tokens then it will be a good opportunity for you.

[aso118]

I feel unable to do daily trading in market bitcoin / cryptocurrency, I want to invest my money. please give me advise on what you think is good about:

1. bank deposits
2. Lending cryptocurrency
3. Mining
4. Gold assets
5. Property
6. other ideas ...

your response will be very useful for me, and maybe some visitors who read this thread. and thank you for your comments.

If you are thinking about investing in property, the amount of money you have to invest should be substantial. You would do well to get a professional adviser, who will look into your risk appetite and advise you on your portfolio allocation. Deciding on where to invest would depend on a lot of factors - your age, taxation of different asset classes in your country, liquidity requirements, etc.
In any case, your cryptocurrency allocation in your portfolio should be small, because it is a risky asset.

[investgeek]

Hi, I have already invested in Celcius network, Salt lending, eth lend and want to invest in Welltrado. What do you think guys?

[MakeMoneyBtc]

All of your 5 ideas have some disadvantages and I am going to explain you about all of them. Banks deposits are a safe investment but the profit is very low and I think it is better to look for other investments even though they are not so safe.

Lending cryptocurrencies is a good investment as long as you have a system that doesnt allow you to lose your money. I mean you dont just lend bitcoin to a person for free and then expect to give it back to you. You have to ask for something like other coins, or something that has the same value as your bitcoin and you give it back after he gives you back your bitcoin. This is a guarantee that if you are not going to get you bitcoin back you can sell that guarantee.

Mining is a very good investment but you have to put a lot of work in. You also need a pretty big capital to start with, somewhere around 50.000$ to create a profitable mining business.

Properties are one of the best investments and there are lots of people who have become very rich by investing in real estates. With properties you can make a passive income so you dont have to work anymore. The problem is that you need a lot of money to buy a few apartments/houses. Probably about half a million dollars to buy enough to make enough money every month from renting them.

[rizkyhiw]

If it's a lot, I'd rather use my money to make money, than it's saved and wasted free, managing money is very important now and should keep it in a safe place if you do not want to lose your money, better use to make money back can with investing or in property, lots of ways to earn more money.

[boled]

If it's a lot, I'd rather use my money to make money, than it's saved and wasted free, managing money is very important now and should keep it in a safe place if you do not want to lose your money, better use to make money back can with investing or in property, lots of ways to earn more money.

that's why i asked for your advice and the person reading this thread. I do not think to save or keep in the bank on a regular basis, such as saving money. I am hesitant to manage this money in order to grow. but I still do not know much about a good investment and safe. and thank you for your advice.

All of your 5 ideas have some disadvantages and I am going to explain you about all of them. Banks deposits are a safe investment but the profit is very low and I think it is better to look for other investments even though they are not so safe.

Lending cryptocurrencies is a good investment as long as you have a system that doesnt allow you to lose your money. I mean you dont just lend bitcoin to a person for free and then expect to give it back to you. You have to ask for something like other coins, or something that has the same value as your bitcoin and you give it back after he gives you back your bitcoin. This is a guarantee that if you are not going to get you bitcoin back you can sell that guarantee.

Mining is a very good investment but you have to put a lot of work in. You also need a pretty big capital to start with, somewhere around 50.000$ to create a profitable mining business.

Properties are one of the best investments and there are lots of people who have become very rich by investing in real estates. With properties you can make a passive income so you dont have to work anymore. The problem is that you need a lot of money to buy a few apartments/houses. Probably about half a million dollars to buy enough to make enough money every month from renting them.

from the results of the suggestions I have received, I have ruled out the gold investment, mining cryptocurrency. now I focus on learning 3 things:
1. bank deposits.
this is because I consider the safest, the highest deposit rates in my country currently 5.8%. this means I can get 5% passive net income every month.
2. Lending
seems to be legit, I cant run this personally, inevitably have to go into a system company or market that already exists. but I am still afraid of the rising price of crypto so high, I am afraid I can not get a good moment. the crypto that I lend its value is destroyed, its profit is also of no value, I am studying this, to get into the right market and with a crypto that has strong fundamentals, but the value of profit is also high.
3.property
this also I am trying to find information about property ownership rules in my country "Indonesia", seeking law and legality in property trading, if I have understood everything, I will look for an affordable price with my financial ability.
I like the way you give feedback, this is very useful for me, thanks.