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Author Topic: Invest into Bitcoin or bank  (Read 1409 times)
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July 19, 2018, 09:32:55 PM
 #21

I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
The question is who's money is that? it came from your uncle or it came from your blood and sweat? if it came from your effort and hard work, he don't have any right for you to dictate.



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July 19, 2018, 10:01:50 PM
 #22

I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?

It's not about the interest. Banks are not just for interest. Understand the terms. Of course majority here will say "invest on bitcoin because price will go high in the future" "banks will just give you %%% every year etc. Such statement is not making sense and it just show that some here are lack of knowledge.

If you have some spare money then it's up to you if you will put money on bitcoin while at the same time you have on banks.

If you really dont want to put on banks then stand to yourself. You can't decide to your own money? If you are worried then make up to the point that you can please your Uncle and yourself. Come on you are now grown up.

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July 19, 2018, 10:08:11 PM
 #23

Explain the development of bitcoin from year to year to your uncle, let him know invest bitcoin more profit than saving in the bank.
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July 19, 2018, 10:14:28 PM
 #24

give him an example of a schoolboy from aidaho who argued with his parents that he would not go to college if he became a millionaire by the age of 18))

here is the proof  https://www.dailydot.com/debug/bitcoin-high-school-dropout-millionaire/

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July 19, 2018, 10:15:28 PM
 #25

give him an example of a schoolboy from aidaho who argued with his parents that he would not go to college if he became a millionaire by the age of 18))

here is the proof  https://www.dailydot.com/debug/bitcoin-high-school-dropout-millionaire/

The Good thing in investing bitcoin, the money that you invested in bitcoin will make your money double or triple which will depends on the value in the market and with that be a risker and be positive and have trust in the bank ,there's no bad thing to try than never.
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July 19, 2018, 10:19:19 PM
 #26

It is obviously upto you, both things are risky after all if you do not know in where you are investing, you need to invest on a good pool of funds if you are gonna invest on a bank, and if you invest on crypto, you need to choose a good and strong altcoin

Investment is everyone's choice of where we feel secure and profitable whether we go for the bank or in crypto investment, but for me profit matters even if crypto is having high risk than bank so I prefer to invest in crypto currency as I find that it has a great profit I can have in a short period of time that bank cannot do it. Start investing in crypto and you will see the opportunity it brings and you too can see the difference.

Indeed, there's a secure investments in both parties but you have to think about how sustainable it can be with the incoming years that you've been a part of the establishment. The bank serves as centralized currency that provide privilege to those investors who wanted more security number on their asset, but been regulated by the government central bank. If we compare it with decentralized bitcoin the system was totally different, due to volatile movement of value per btc. But you're going to have huge potentiality that each price will continue to rise even more in the future years to come, so we could take our profitable earnings.


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July 19, 2018, 10:35:07 PM
 #27

I think you mentioned you have worked to get. It is your personal money and so you choose what to do with it. Maybe your uncle has less knowledge about Btc or probably fears that you lose your money. I would say that just invest 50% into crypto and 50% at banks

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July 19, 2018, 10:56:31 PM
 #28

Ask him, would you like the potential to become a millionaire or are you satisfied with an average life where 1% is a gain for you?
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July 19, 2018, 11:08:55 PM
 #29

I think your uncle is just giving his opinion his side about your decision to invest in crypto it is up to you to decide whether you agree to him or make your own decision beside it is your own money.
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July 19, 2018, 11:15:00 PM
 #30

I’d say both, bofh are investments and so diversification is important. Having a split between both means you’ll get the best of both worlds whilst minimising risk
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July 19, 2018, 11:21:04 PM
 #31

For me, I would prefer to invest in Bitcoin than in a bank. I am aware that Bitcoin is a decentralize one that when having trouble into something like maintenance we don't have someone else to ask for assistance unlike in banks. But even though it works like this, I am willing to take such risks because I know money goes much better here in the crypto currrency if people have an enough and experience knowledge in the world of crypto.


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July 19, 2018, 11:26:11 PM
 #32

Why not deposit half the money in the bank and invest the half in BTC. In that way, there is win-win situation.
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July 19, 2018, 11:26:36 PM
 #33

I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?

   Just think of it...Investing in a bank can't give you huge profit because of it's low interest rate. Investing in bitcoin is risky but profitable. Now,if you want to earn more with your capital investment and you are a risk taker person,much better if you in invest in bitcoin but you need to learn first on how to manage correctly your investment in bitcoin to avoid loses. If you always  fear and doubt about your money to lose if you invest it in bitcoin much better to save it in a bank. Also in bitcoin you need to have a lot of patience specially when market is down,never panic.

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July 19, 2018, 11:26:57 PM
 #34

I think you better do if you invest on bitcoin. If you invest on bank, profits will be near 2% after 1year, so it's totally unprofitable. If you like risky, try invest on btc.

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BITDEPOSITARY - Make ICO's , More Secure


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July 19, 2018, 11:34:44 PM
 #35

I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?

It's not about the interest. Banks are not just for interest. Understand the terms. Of course majority here will say "invest on bitcoin because price will go high in the future" "banks will just give you %%% every year etc. Such statement is not making sense and it just show that some here are lack of knowledge.

If you have some spare money then it's up to you if you will put money on bitcoin while at the same time you have on banks.

If you really dont want to put on banks then stand to yourself. You can't decide to your own money? If you are worried then make up to the point that you can please your Uncle and yourself. Come on you are now grown up.
If you really wanted to invest on bitcoin, then why you needs your uncle approval if you will not obey him? There are difference in investing on bitcoin and bank. For me i suggest both, invest your some money on bitcoin and some on bank. In bitcoin, your investments is not sure, its taking high risk but you'll get high profit when the price increase, but the safety of your investment is not sure. In bank, you will not earn big profit but you're sure that your investment is safe. If you cant stand on your own, then i suggest that obey your uncle. But if you really want to grow then you must do it without consent.

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July 19, 2018, 11:36:03 PM
 #36

if you have friends who are a success in bitcoin world, I think your friend should explain and show the results to your uncle.

that's a very good way to convince everyone who doubts about bitcoin, and I'm ever doing it, and the result is positive.

Mia Wallace
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July 20, 2018, 12:01:32 AM
 #37

Bitcoin is a good investment tool than investing in to the bank.The investor who is investing to the bitcoin can derive more profit than investing in to the bank .Bitcoin is a new form of economy with strong net work systems and with the specific characteristics are attractive to the global investors .So the market capital and the daily traded volume are found very high and mean time the bank investment is not providing adequate returns to the investors.

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July 20, 2018, 12:06:15 AM
 #38

preferably for now, and see bitcoin prices decrease, then I suggest you invest in bitcoin only, because if later the price bounces back high, you will feel a lot of profit ..

Aponkye1
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July 20, 2018, 12:12:21 AM
 #39

Oh boy that is a whole chunk of cash and please don't invest into our banking system because you will only earn just a penny. They are so cruel that they work with your money and earn over 100% but yet just give you not even a quarter of the income. Please stick with bitcoin investment because the income over here is exponential. so much money to make in bitcoin bruh don't try bank system.

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July 20, 2018, 12:17:14 AM
 #40

it is indeed a good way to invest or save in the banks for security purposes if you do not need possible good profits. However, if you wish to earn more bitcoin is the best option where in the volatility of market price for bitcoin is high and taking advantage on it is ideal. BTC is one of the best way to earn.

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