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Author Topic: If you have $20k then where you want use it?  (Read 749 times)
devil2man
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September 29, 2020, 07:15:59 PM
 #41

if I had 20k $ I would exclude regardless of bank investments and I would focus more on crypto and bank investments

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September 30, 2020, 11:43:30 AM
 #42

If someone would give me $20k without any restrictions and let me invest it to my best knowledge. I would take half of it and put into cryptos. Most of it into bitcoins and the rest I would spread out across 5 alt coins. The other $10k I would use for gambling. Half of it I would use for luck based games like black jack and roulette. The other half I would use for my poker bankroll and try to move up to higher stakes.

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JarvisBr
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September 30, 2020, 01:45:02 PM
 #43

If someone would give me $20k without any restrictions and let me invest it to my best knowledge. I would take half of it and put into cryptos. Most of it into bitcoins and the rest I would spread out across 5 alt coins. The other $10k I would use for gambling. Half of it I would use for luck based games like black jack and roulette. The other half I would use for my poker bankroll and try to move up to higher stakes.

My question is .. Why not bet everything on a game of poker if you have good skills? I sometimes play myself here - https://iknow-aboutcasinos.com/ But I prefer something simple for small bets like slots. I thought about starting to play poker but I don't want to lose because of my low skills. Do you also have this uncertainty when it comes to large bets?
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October 02, 2020, 05:00:08 AM
 #44

If someone would give me $20k without any restrictions and let me invest it to my best knowledge. I would take half of it and put into cryptos. Most of it into bitcoins and the rest I would spread out across 5 alt coins. The other $10k I would use for gambling. Half of it I would use for luck based games like black jack and roulette. The other half I would use for my poker bankroll and try to move up to higher stakes.

My question is .. Why not bet everything on a game of poker if you have good skills? I sometimes play myself here - https://iknow-aboutcasinos.com/ But I prefer something simple for small bets like slots. I thought about starting to play poker but I don't want to lose because of my low skills. Do you also have this uncertainty when it comes to large bets?
I think It is not a great idea to urge someone to spend that huge amount of money in just gambling, because even if he has a great skill when it comes to gambling there will be no assurance that his money will be double or will be increase from what he earned. It's still a good decision if you will divide the amount and use it into different ways such as investing into business, investing in bitcoin and etc.

I know you are just promoting something but please don't influence someone into something for your own good.
Bitcoinenthusiasts23
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October 02, 2020, 06:55:57 AM
 #45

Use it for downpayment of a car
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October 02, 2020, 05:48:06 PM
 #46

If I have that amount, I would split them in two parts. One part is for Hodling Cryptos. Other one is for Real Life Business Investment. I have business ideas.

Matter of regret, I don't know from where I will get that amount?

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October 03, 2020, 07:10:01 AM
 #47

Use it for downpayment of a car
If it's a good debt for you, that's a good decision. But if you don't have any other source to sustain that car and you'll take it through a loan.

That $20,000 will just be eaten by the dues.
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October 03, 2020, 08:23:35 AM
 #48

Build my own house and that would be enough already if it really be granted even if it is a dead investment as what others had told me. No income could generate in building own house ad you can only get a profit to it if you will going to sell at higher price. Unfortunately you would not like to sell your own house because that is one of the basic needs for survival which is shelter. There are good investment too that could do for 20K usd but that is really my priority. Hopefully it will be granted.
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October 05, 2020, 02:15:30 PM
 #49

I would buy fertile land away from cities. And would plant a lot of fruit trees.
Yes, I also invest in crypto and other areas. But all this could collapse, and then I will have a backup.
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October 17, 2020, 06:35:19 AM
 #50

if I had 20k $ I would exclude regardless of bank investments and I would focus more on crypto and bank investments

Crypto is my first choice and would invest 80% them in crypto and 20% in the bank investment so that for the regular use I can withdraw from the bank and for the short- and long-term income I can get it from the crypto. The bull run is yet to be seen I believe and it will cross a new milestone in the coming time.

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October 17, 2020, 06:37:00 AM
 #51

if I had 20k $ I would exclude regardless of bank investments and I would focus more on crypto and bank investments

Crypto is my first choice and would invest 80% them in crypto and 20% in the bank investment so that for the regular use I can withdraw from the bank and for the short- and long-term income I can get it from the crypto. The bull run is yet to be seen I believe and it will cross a new milestone in the coming time.
There's no investment in the bank unless you're going to allow them to use your money for loans and will just give you a tiny profit from the interest that they'll get from your money.

I guess you mean saving it to the bank.
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October 19, 2020, 06:20:51 AM
 #52

20k is not enough to invest.
I would keep it saving them in order to reach 100k and then decide what I'm going to do with this money. 20k is not going to change my life or make me retire from my job.
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October 20, 2020, 02:32:47 PM
 #53

if I had 20k $ I would exclude regardless of bank investments and I would focus more on crypto and bank investments

Crypto is my first choice and would invest 80% them in crypto and 20% in the bank investment so that for the regular use I can withdraw from the bank and for the short- and long-term income I can get it from the crypto. The bull run is yet to be seen I believe and it will cross a new milestone in the coming time.
There's no investment in the bank unless you're going to allow them to use your money for loans and will just give you a tiny profit from the interest that they'll get from your money.

I guess you mean saving it to the bank.

You are correct.  I meant to say that saving in the account of your bank and get some interest on it. Though it will be very less and differ from each country as well, but for those immediate money which may be required and need to have some handy as well so this is the best option and safe as well for those who are do not want to take any risk.

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October 20, 2020, 02:58:11 PM
 #54

In fact, it is an idea that will be discussed by many. what do you think about it Huh and which is your choice in below.

For crypto investment It is actually very risky to simply put your money in the hands of another stranger. So they can steal your capital at any time if they want. Also if you are not proficient in crypto you will not be able to makes profits.

Bank investment: you are more secure here and no one can move or steal your money. However, as far as I know the amount of your profit from the bank will be less.

Real Life Business: In real life you can do business like you can Open a Foods store orr Others.
I will put it in real business were im the owner and the ceo of my business, means im the boss. I dont want to put it on bank as im not the one whos holding my money,  in crypto too risky

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October 20, 2020, 09:15:12 PM
 #55

My friend has bought btc in the end of 2017. One think I know it what you shouldn't do in December 2017 it's to buy btc lol
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October 21, 2020, 09:50:39 AM
Last edit: October 23, 2020, 09:47:19 AM by johnnyysmith
 #56

I would invest in crypto, it is still profitable these days! I created my first blockchain business and I want to attract more customers. Besides I found crypto ad network that helps blockchain businesses to find the most relevant crypto audience. They have affordable prices and offer high performing ad formats.
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October 21, 2020, 10:55:17 AM
 #57

Hey everyone,

I quite like this question.

I would invest in stock market with online brokers. There is a good article about a current test of the best online brokers in 2020. I think this is still a very special topic which needs more attention. A lot of people still don't have a clue how to invest their money right. It may be crypto, it may be in real life or in bank investments.

If you want to just have a look at this article: https://www.fitformoney.de/online-broker-test/
It's a swiss website so the article is in german, but you can easily translate it with Google or DeepL for example.
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October 21, 2020, 11:13:42 AM
 #58

I would invest in crypto, it is still profitable these days!
Make sure you know what cryptocurrency to invest and not just random coins.
My friend has bought btc in the end of 2017. One think I know it what you shouldn't do in December 2017 it's to buy btc lol

sorry but What?can you please clear it well because i think it is hard or cannot be understand.
20k is not enough to invest.
I would keep it saving them in order to reach 100k and then decide what I'm going to do with this money. 20k is not going to change my life or make me retire from my job.
Keep in saving to reach 100k?meaning you will add another 80k before deciding in which to invest?

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October 21, 2020, 12:28:28 PM
 #59

If I have $20k and I don't use it for anything, I will use $10k to invest in crypto, and I will save $5k in the gold and $5 in my bank account. I think that is enough for me to have additional money, even if that is small money. But I will use $10k to invest and trade that funds to have a chance to make a profit and increase my balance in crypto. If I can have made many bitcoin, I will hold it and wait until the price increase higher, so I can sell it and make another profit.

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satsmainman
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October 21, 2020, 12:44:10 PM
 #60

If I'm given 20k usd to invest in one of the options you listed OP, i will with no second thought stack up some good gems of cryptocurrency assets with high upward potentials. Note i will not put my funds in the hands of anyone on the name of any form of investment, rather i will be holding my assets.
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