I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT

[Shimmiry]

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?    

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This decision is very wise, and soon you will give your uncle enough fund. Through investing in cryptocurrency, bitcoin to be exact, it will give you more profit rather than investing in the banks which profit will depends on the plan. But in bitcoin itbis consistent and easy to withdraw if you need to do urgent transaction. More advantage in using bitcoin.

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I will also choose that for my uncle and I will say this will be the best investment ever your uncle has made and he will never regret doing it.

[jademacoy]

That is a good choice then because it grow immediately as the bank could not offer a good increase on your money. But here in cryptocurrency it may be risky but still it is worth it to invest because getting profit could not be difficult. All you need to do is to wait for the market price increase and sell your holdings.

[burakdat]

That is a good decision being done because this will help your money to grow more and i guess you know also what are the things needed before you invest in cryptocurrency like checking the market price if it is low and for that you could be able to sell it and profit when market price goes high.

[Francokass]

Bitcoin investments is better than Bank investing because it's brings huge profits, but it's carries higher level of risk. We need to invest right.

[Herbys]

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?    

I think that by the end of the year Bitcoin will not cost more than 10K, so you will not get 25K profit, but in a short case it will be more than 2% per annum, as in a bank.
You need to monitor the market and try to sell, and then buy Bitcoin again, then you will receive profits of more than 25K.

[FourByfour]

I hope you give information about the great risk it holds,and not just giving sweet talk, because your uncle might only know the profit and forgot the about the risk.

[Dudeperfect]

To be honest, while determining the best investment option, the answer will differ from person to person depending on the risk profile of the investor. Bitcoin and crypto industry is still in the basic phase of development and no one is sure what is going to happen down the road. Thus, one should never invest more than his lost bearing capacity. You have not mentioned the financial aspect and background while posting this case, so it is difficult to analyse it. On the other hand, I would never recommend anyone to invest his entire capital in any single option especially if the investment is going to affect his day to day lifestyle.

[virendarnagpal]

There is one law for investment i.e. Higher the risk higher the profit is.

Bank  investment has almost negligible risk but the return from investment in Bank schemes is very low.  It's rate is almost around the rate of  inflation prevailing in that country where that bank is working. 

On the other hand if one wants higher rate of return he must invest in markets like stocks or crypto market.  Crypto market is new and many people have earned from it.  If we enter here at this time we will be getting the advantage of early entrants too.  Buying bitcoin is best option which the op has done.  So I think buying bitcoin at this stage shall yield high returns in a short period of around 4-5 months.

[Bugsbey]

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 think of that too. I do not invest in a bank really eversince. I always think the earnings is too low and you are not secure with your money. For when the bank will file bankruptcy, what will happen to your money?

[uramadahan]

It's a bit risky at the moment but it'll be much more reliable in the near future as an investment.

[sunsilk]

I'm inclined with what you've said that bitcoin is a secured investment. I wouldn't guarantee someone that asks me to invest his money for guaranteed returns.

Although, I admire your support to bitcoin I'm glad that you choose it instead of any altcoins that are much riskier than it is. If that amount is an affordable amount to lose from your uncle, get ready to have the final laugh for profits or endure the bear market for months or even a year.

It's better if you divided $20,000 into 2-3 investments including bitcoin.

You are holding with an estimation of 3BTC. Good luck to all holders including you, I know you have an idea on how the market is dropping lately.

[LastKiss]

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?    

As long as you wont regret if you lose all your money when you invest them then it should be fine I thought, I'm sure that you did the best to convincing your dad and that's a good choice rather than choose BANK INVESTMENT. But you should try to invest on altcoins too, because there's many promising altcoins out there 

[Samaaliu]

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?    

You made a partial mistake. I would suggest you make the investment 50-50%. Since bank investment is more guaranteed, you should have at least put some in the bank. The Bitcoin investment is not totally guaranteed, it is online, anything can happen, worst still, the wallets or your trading platforms could be hacked and you will loose everything. You won't even have a chance of investigating anything, and the $20,000 will be all gone. Your uncle will be in complete ruins. While thinking of him laughing someday over huge Bitcoin profits, Did you also think of this high painful risk of him loosing everything? I am sure your uncle would still have been happy making a profit of $12,500 from the $10,000 you may have invested in Bitcoin, and he won't blame you for putting the other half in bank which was his original investment decision.

One more thing you failed to put into consideration is the human factor. Your uncle is a human. It will be far easier for him to forget the extra $25,000 profit he made through you, than to forget the $20,000 he lost through you.

[absurde]

Some rules of crypto-investment ;
1. Never invest in bitcoin using other's money or borrowed money.
2. Never show other's just a bright side of the crypto investment, they will blame you if market goes down.
3. Don't invest all of your or suggest other's to invest all of their savings in crypto, only invest what you/he can loss.
4. If I look at my portfolio, I am down by over 70% right now so better be cautious when it comes to crypto investment.

Golden rules, i really appreciated your post. Never invest any fund  using  other's money or do not try credit something to invest to cryptocurrency.

[Ibizugbe1]

Am tired of been paid peanut in fixed deposit in the bank, but they charge an outrageous when you lend money from the bank and one is forced to pay through the nose. I prefer bitcoin investment over a bank investment. No matter what, bitcoin investment has a better return in the shortest possible time frame, but one shouldn't put all his fund in bitcoin. splitting the fund is still a good idea.

[tanghere02]

Although you told your uncle about bitcoin investment is the better option you also could have told him it is risky compared to bank investment. Most especially now that the market is unstable, and the amount your uncle gave you is a huge amount of cash to invest not unless you are willing to lose everything because that is the number one rule when investing; only invest in an amount you are willing to lose.

[Yatsan]

To be honest, while determining the best investment option, the answer will differ from person to person depending on the risk profile of the investor. Bitcoin and crypto industry is still in the basic phase of development and no one is sure what is going to happen down the road. Thus, one should never invest more than his lost bearing capacity. You have not mentioned the financial aspect and background while posting this case, so it is difficult to analyse it. On the other hand, I would never recommend anyone to invest his entire capital in any single option especially if the investment is going to affect his day to day lifestyle.

Bank and crypto interest have a huge different, in cryptocurrency, coin like bitcoin can give you more profit rather than investing in a bank but more volatile than fiat currency we have, that is why it is risky to do so.  Moreover it is easier to invest in bitcoin and no more regulations unlike in bank where there are many other aspects to be considered before investing.

[Erlinda Santiago]

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?    

Think wisely and properly because we know that bitcoin is dangerous so keep your money safe im not saying that im against im just that afraid to lose money online

[nesty]

For me it depends on the person on where to invest your money for as long as you know how to handle risk that is fine but if you are not ready to take risk thats a different story. But personally i will not put all that $20,000 in bitcoin investment I would rather keep it and find other sources to earn those bitcoin and other crypto currencies.