I CHOSE BITCOIN INVESTMENT OVER BANK INVESTMENT

[Suguha]

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?    

Yes you're right bitcoin can give you high interest without giving efforts like you need to fill up tgis document, you need to submit it to this date and also you need requirements and high amount of money in investing in banks but in bitcoin it makes our life easy because we do not need to pass requirements, we don't need to have an appointment and in bitcoin tge money we invest will surely grow.

[Xalata]

oh woww...that is a bold decision and i am very proud of the step you have taken to help your uncle in investing into cryptocurrencies. I guess most of us have to emulate this behaviour to let people know more about the blockchain technology.

[Nanagyasi]

Well, as to  whether it is good idea or not cannot be determined now. The market will tell but I will say it isn't too bad to suggest Btc to a family member. Once you explained the risk around it to him, I think you are good to go.

[avikz]

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?    

All the best mate! I also need one uncle like yours who can give out 20k usd to me for investment. However, I really admire your guts to invest all in bitcoin. I wouldn't have done that for sure as I am a moderate risk taker.

I would have invested 10k into banks and rest amount I would use for cryptos. Also I would diversify my crypto investment by investing in other altcoins as well. But yes, people have different risk taking capability so I sincerely hope you succeed!

[zenrol28]

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Better ask for your uncle's forgiveness right away. You have explained how bitcoin works inaccurately. Bitcoin as an investment? How much it grew last year? How about the previous years? Did bitcoin always ended with an ATH every closing of the year?

You should have teach him how to properly use bitcoin and let him decide if he'll use it.

[kateycoin]

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?    

That's what differents of crypto investment and bank investment even crypto is risky as investment we all know that it's proven that it will give us good profit than to bank investment.  That's why many people choose to invest in crypto than banks.

[xuan87]

Bank investment is more secure and there won't be any chance you will losing money, but the interest is small, in Bitcoin the profit is high but it's very volatile and there is a big chance that you will lose money, you need to understand the risk before decide to join crypto investment

[rmel0924]

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 chose bitcoin investment over bank investment because bitcoin offer huge profit and anytime we can do some transaction with bitcoin. Bank only offers very low interest we are just like holding our money with nothing happen.

[Ryshelrayne]

I choose bitcoin investment also. Eventhough i started mid january where everything is on a downtrend, i believe that we are just in the initial stage of this journey. There will be ups and downs but in the future i will be able to reap what i have sowed. Good luck to all of us on this journey that we have choosed.

[AimHigh]

Yes you are right its more better and profitable to invest in bitcoin than bank because as i experience now for investing in banks i received a centimos interest every month so that i must prefer also I've most invest in bitcoin or cryptocurrency that banks but it is more risky to invest in bitcoin than the banks but we know bitcoin will rise again soon.

[vnck25]

I think its a smart move, espeically wiht the current decrease in Bitcoin price its really at a bargain value compared with Bitcoins all time high. If I have enough fiat currencies to risk, I would also make a big investment on Bitcoins right now! Most of the crypto researchers says that Bitcoin will increase in price before the end of 2018. I am also very optimistic about the future of Bitcoins and look forward to the times it will hit $100,000!

[darkangel11]

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Better ask for your uncle's forgiveness right away. You have explained how bitcoin works inaccurately. Bitcoin as an investment? How much it grew last year? How about the previous years? Did bitcoin always ended with an ATH every closing of the year?

You should have teach him how to properly use bitcoin and let him decide if he'll use it.

You're making yourself look ridiculous by saying that. Want to know the answer to your question?
In 2017 it went from $950  to almost $20k, so it grew roughly 20 times.
A year before that? from 450 to 1000, so it doubled.
Also, you don't need an ATH every year to call it a great investment. Don't buy at the top and sell at the bottom and you'll do just fine.

[bitcoin31]

They have advantage and disadvatange what ever you choose this.

Advantage of bank is your money safe but you can get only some profit. While the investment to bitcoin can get a lot of profit but it is very risky because possible to lose your money.

[shield132]

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?    

Crypto investments are secure? Are you kidding? What if crypto falls in one year and rise begins after two year? Will your uncle still trust you if his money won't be rised in one year? He will prefer to stay out of game as soon as possible.
Also where do you live? 10% bank return on deposits in USD somehow is hard to believe for me because USD is very stable currency and usually banks offer very low % on deposts in usd, euro and gbp.

[pushups44]

I think investing in bitcoin is a smart thing, but be prepared for enormous volatility. Bitcoin will move more than most investments, so it requires a very tough stomach. I believe once the Lightning Network is completed, bitcoin will have a shot to go mainstream.

[Eureka_07]

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?    

r
I agree to you, banks there is a lot of things you need to do before you can access or invest in banks, there is a requirements needed and appointments to attend before they entertain you and also you need to have a high amount of money before you can invest because they are also use tou to earn money, in bitcoin you don't need to have a appointments or to submit requirements to invest because butcoin created to be a helpful tool that can help people to earn, invest and grow your money.

[alwainter]

I think best is to divide all investments into parts, for example 10k into bank and 10k into bitcoin , so if bitcoin will have red days, you still will earn some money.

[mysayuri87]

know in the trading system there is also a loss, I suggest you can give direction to your uncle if this business can lose. because I see that your uncle wants an investment that really can grow the existing capital.be careful not only to see in terms of profit, know the risk that will happen.

Absolutely you have a point all investment are risk ,,but taking of this are able to  accept ,beause the votalile price of bitcoin is unpredictable so that ,invest what afford to lose due to,you never returned again once your initial invevst will lose ,but you can make happy if your investment have good profit ,,but take note  sometimes even prof,trader will not alawys win,in world at cryptoland ,although I'm not saying that your plan are not good ,but think also the advanatge and disadvantage effect to your plan, cause that is true in reality.

[Ems30]

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%.

definetly I agree invest at the bank have along process unlike to invest at bitcoin,,due to opening a bank account or applying for a credit card requires filling out long forms and signing contracts that never work in your favour. Bitcoin is free to use and accessible to anyone without limitations. Aside from that despite bitcoin are very volatile price ,,but if you have  patiently waiting  you have a great profit,unlike the bank that your initial investment capital will not increased more than your capital.

[zenrol28]

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snip

You're making yourself look ridiculous by saying that. Want to know the answer to your question?
In 2017 it went from $950  to almost $20k, so it grew roughly 20 times.
A year before that? from 450 to 1000, so it doubled.
Also, you don't need an ATH every year to call it a great investment. Don't buy at the top and sell at the bottom and you'll do just fine.

Oh, why not go back a few years more? how about in 2014?

I didn't mean bitcoin will not go higher than what last year did. What I mean is don't just tell bitcoin is a great investment. Today's market is still affected by the hype made last year, so this bear market will stay for a while just like hibernation. If his uncle can wait a year of bear without having depress then great. And also why influence his uncle where to use the poor old man's hard earned money. Why not use OP's own earnings and put all his bets on bitcoin.