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Author Topic: Invest into Bitcoin or bank  (Read 1733 times)
MrCrank
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July 20, 2018, 05:50:20 AM
 #81

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?

You can explain that BTC price is very cheap now and this good moment to buy.
Also you can show few clips about bitcoin from youtube.
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July 20, 2018, 05:51:59 AM
 #82

If you have no experience of trading on the stock exchange, I do not advise the next five years even to start trading there. You must be very careful first of all to study, then try in small amounts. It is best to take a turnover of 10% of the amount that you are not afraid to lose. That's why the best option for you now is to invest your 2000$in the Bank. By the way, it makes sense now. While you learn everything, the Bank will pay you a good dividend. You remove them from the account and they will make the first steps. So I support both of you on this. Each of you is right in your own way. Wink
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July 20, 2018, 06:02:02 AM
 #83

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?

Banks wont provides you with huge interest like profits in bitcoin, not to mention if your interest from your bank saving will get a cut from monthly adm fee!
This crypto world is much differents than bank, it provides you many ways to invest in bitcoin, eth or another altcoins.. you just need to choose the right ones
Nilda
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July 20, 2018, 06:05:07 AM
 #84

Banks are for safekeeping, not for investment. There’s no risk unlike in bitcoin. But the earning potential in investing in bitcoin is much better.  Wink

HeatherRamsey
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July 20, 2018, 06:05:13 AM
 #85

It depends on the skills you currently have and your plans and goals. Invest in a variety of factors to consider before commencing trading, but investing in different channels is highly encouraged as profit can be given. You in a period of time why you should hone your investment skills early and know what suits you best so there will be no idle time and money.
tylerderden
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July 20, 2018, 06:06:06 AM
 #86

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?
There are plenty of videos all over the internet explaining how investing in bank isn't gonna grow your money but your money will loose its purchasing power if you invest in bank and it's also gonna loose its value over time. Its better to invest in Bitcoin than keeping the money in bank as the value of Bitcoin increases every year giving you pretty high returns than any other investment.
Giftedcrypt
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July 20, 2018, 06:36:20 AM
 #87

My dear my honest advise is invest in Bitcoin,its safe,secure,and most of all more profiting,easy to withdraw, unlike the bank,there are cases of banks liquidation, buyover,etc,then we will look at it from the aspect of withdrawal, too many process, but with bitcoin,easily done is the case..
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July 20, 2018, 06:47:02 AM
 #88

for me investing in a bank is not profitable for me, because as we can see that the bank just give me little commission, but if we invest on bitcoin it has more profit than the bank, its like we can use bitcoin as the trading media, so we can get more extra profit from trading activity

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July 20, 2018, 06:51:21 AM
 #89

Both the bank and bitcoin have their advantages and disadvantages. I say, save some of your money in the bank while invest the rest to bitcoin. As we all know, bitcoin's worth is volatile. Better to have back-up plan than be sorry later.
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July 20, 2018, 07:06:00 AM
 #90

it will be difficult because your uncle does not really understand bitcoin, I suggest you explain to your uncle about bitcoin and the benefits of bitcoin investments, and do not forget to explain what the risks are when investing with bitcoin, and to convince your uncle to invest bitcoin, Provide evidence if many people are successful with bitcoin investments.

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July 20, 2018, 07:18:40 AM
 #91

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?
Bank is safe, it will be guaranted that your money will be safe if you save it in bank. But, your money will be stagnan, if you are a risk taker and ready to face the unstability in bitcoin, you better choose bitcoin over the banks. Just tell your uncle that bitcoin will be promising you to gain more profit.

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July 20, 2018, 07:25:06 AM
 #92

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?

Why you classified storing money to banks is investing ?
Storing money to bank just make your money stuck and not recycle, invest on bitcoin is better than storing money in bank
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July 20, 2018, 07:29:25 AM
 #93

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?

You can't force anyone to invest in bitcoin, and it's really hard to convince someone because of the high volatility of its market that could be so hard to trust by anyone. But if you really want to convince your uncle, then start investing on it in just a small amount and wait for the time that you gain a satisfying profit and show it to your uncle as your proof, because of this it might change his views about bitcoin.

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nicster551
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July 20, 2018, 07:37:02 AM
 #94

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 don't force him to do it if he doesn't want to do it. If I were you I would do ask I like for what I would do. If you want to invest in Bitcoin then you should try to research first before doing that.
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July 20, 2018, 07:40:11 AM
 #95

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 money is yours and the final decision should be made by you. All investments are risky even if you send the bank. However, if you buy bitcoin you will be subject to market fluctuations and bear greater risk, in return you can get greater profits than send bank a lot. You should learn more about the market and have reasonable entry point. Good luck
Kisska2710
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July 20, 2018, 07:58:54 AM
 #96

First and foremost is the interest rate issue. The second is the safety issue. I want to say it is. Read what they did in Greece or Cyprus. In the case of a crisis, war or pandemic, you will have money in your pocket and will not be involved in banking. Investment in coding can be very risky. However, if you can make money from making things easy, I think you should try to get some bitcoin or even some altcoins.
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July 20, 2018, 08:02:39 AM
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Of course you have to convince your uncle, that the prospect bitcoin in the future far more profits than the money invested in the bank. To be sure the graph of the bitcoin value is increased. With US $ 2000 in bitcoin invest can grow into millions of dollars, but in the bank only become thousands of dollars. This parable can be a tool to convince your uncle.
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July 20, 2018, 08:03:07 AM
 #98

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?

If I were you, I Invest In bitcoin In a secret and I also Invest In a bank, just show respect In my uncle. And after you get earn a huge from bitcoin, thats the time you tell to your uncle that Investment In bitcoin was good.
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July 20, 2018, 08:12:13 AM
 #99

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?
[/quote
If you want to receive minute profit and security for your money deposited then obey your uncle take the money to bank but. If you want more profit and aggressive then invest in bitcoin when the market has dipped and have more patience to wait when  your profit will appear.
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July 20, 2018, 08:27:16 AM
 #100

invest in bitcoin if you expect something unexpected, if you look for stability, invest in the bank
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