I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT

[Kay94]

This will be the best investment your uncle has ever made. And since you made him known the risks in it I think that is very good. He will surely thank you some days to come.

[1714884282]

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[Patpro]

Well, I think it is good to have such a trust in crypto investment and hence linking it up with your uncle. However, you should always know that in crypto, you can predict the market trand and so it is always advisable to explain to anyone you pull into crypto the challenges with Btc investment.

[$9million]

The best you did was explaining the concept of how it works to him and also the advantages and disadvantages as far as bitcoin is concerned. Overall your uncle has made the right choice.

[Wendigo]

OP I don't know what bank your uncle is using but 10% interest in 1 year is incredible. Mind sharing where you are from and the name of the bank? I will immediately hop on a plane and open a long-term savings account there. As for your Bitcoin investment, I think it's risky to put all your uncle's eggs into 1 basket. Bitcoin is very volatile and your uncle might need to wait quite some time if things go south. What if he needs emergency cash and you have to sell Bitcoin at a loss? Diversified investment portfolio is a better option with less risk involved.

[Dread Pirate Roberts]

Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.

investing in crypto can indeed generate huge profits if it continues to trade securely with a definite profit compared to investment in the bank.
because in bank " security and profit warranty but surely also there very low risk " but profit in bank really not much for 1 year in my country around 8% a year not include the tax . so yeah crypto much better but risk more bigger tough. depending on the nature of individual trades.

[irsykes]

Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.

I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?    

at least he already know what risk behind invest in cryptocurrency, if in Bank at least your investment still safe and volatile problem is not come. it is better to do some research first than do something like this without any experience

[Escf4]

I choose bitcoin investment over bank investment because even if it is risky in the bitcoin investment butvI look forward of much higher gain than the bank investment because in bitcoin investment ,you are the one who will manage your own investment and you will know ,when and where to transact your investment ,so that it will profits higher gains than with the bank.

[Satosho Kakamolto]

It all depends on your time horizon. If you can wait long enough investing in BTC is surely much better than any banking investment. But if you'll need your money at some point, then you may get a problem if that would happen during a bear market.

[Youghoor]

As long as you know what you are doing, then i think that this is more than a wise investment and you are doing the best thing in here, just keep doing with the good job

[kendra1107]

Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.

I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?    

This is definitely the better choice if profit is to be considered. Banks do not give out much interest for their clients' accounts. Interests with bank accounts may even be less than mediocre after each year! See, the main purpose of banks in reality is for safekeeping and not for investment. Which is why investing in Bitcoin for profit is a much better choice since it will surely generate a much greater profit at the end of each year.

[MartinAK]

My in fact you made a good choice for your uncle. i pray that is not all his life earnings else incase of anything he might lose all but trust your courage. Bitcoin is the best investment for your uncle.

[anehh]

Indeed bitcoin investment promises a considerable profit when compared with banks. But you also have to understand that bitcoin investasi contains a considerable risk, while the bank does not. For that it takes patience to wait and hopefully bitcoin prices will go up as you expect so you are happy with your choice.

[Nasonn]

Well, we have the right to make our choices and I believe you have just made yours and I hope you did so after doing due diligence. Many people will have varying opinion concerning this but I believe everyone's choice should be respected.

[sitnibtc]

It is good decision as bitcoibn can give big profit after some time. But there is also a risk that the prce can fall down. It's a good call but i think it is better if you split that money 50/50

[basyang]

I would also choose bitcoin investment over bank statement as I don't want my money to just stick with its current value right now, I want it to earn, and in bank investment they would just give you minimal interest with your money not even at least 1%.

I am agree with you. If you willask me I would rather choose bitcoin investment over bank investment because in bitcoin investment you can have a huge interest but it depends on the market price of bitcoin while in bank investment your money can grow in a cents. It can be grow if it only stock in many years in the bank.

[btcCoincart]

Rule number 1: Never give advice to your relatives or your best friends how to invest money. I always obey this rule, you won't know what will happen to you tomorrow man. You can do whatever you want with your money, but with someone else's money, it's trouble if it doesn't go in the way they want!
So, trade wisely and keep safe man.
Happy trading!

[delphic]

We also invested all the money in cryptocurrencies. But, we did it all at the wrong time! Against the backdrop of promises and forecasts about the growth of bitcoins, we were ambushed(((((When the rate was 18 000$, we were afraid that he will rise even higher. And when he dropped to 10 000$, we bought. In the hope of a jump in growth. And now, the rate hangs on 6000$ and we understand that we did not get into the flow. The most offensive that first bitcoin we also sold long ago, when the rate was 800$. In general, so in order to invest in the crypto, one must either have a lot of money, a lot of patience, or know exactly the trend of the course. Be careful!

[bitcoinking11]

Bank investment would get you only a fixed profit, on the other hand, cyrpto investment, although a bit risky, can get you huge profit, so you have probably taken the right decision.

[kier010]

crypto is very risky. there are times were the outcome of our actions is not the thing we expect. you should told him the good and bad side of bitcoin to decide which option he will take and so he can't blame you. if he can afford to lose it then it is okay but if not take it out. people always said it here that do not invest what you can't afford to lose.

[Silenox]

Crypto market is very risky, there is still a lot of volatility and uncertainties, and however much a market with everything to go right it is risky to invest everything in it, because if you make the wrong choices can have a huge loss.