Use your money wisely. Invest or Deposit ?

[harapan]

Money will forever be the major factor of you wnat to get anything achieved of done as fàst as one can achieve

Money kept in the bank will only be used without the users awareness borrowed and used to make surplus
Although Money at time can never be the problem when passion is the main focus and glue.
Money should be invested not deposited

[1714929538]

1714929538

[Falconer]

If we have known the world of bitcoin for a long time, then with the assets we currently have, of course, we will invest in bitcoin, especially the price decline that occurs today is very suitable for getting large profits in the future, and this will exceed the 3% that banks give every year, but some people still doubt that the value of bitcoin can increase again in the near future but this is not a reason for those of us who are already convinced of the time Front of Bitcoin.

If you have $100K in your bank account then I don't think you should spend 100% of it to invest in bitcoin no matter what your reasons are. Use 50% - 70% of them to invest in bitcoins and 30% of them for deposits. But of course you can spend everything to invest as long as you are confident and able to take the risk of volatility.

Think about DCA, meaning you don't have to make one purchase for that $100K, make multiple purchases to get a better price. One thing about bitcoin, we never know about the future. Bitcoin can go lower than people think and conversely it can go higher than expected. There is no consensus on prices, the market is free trade.

[Chato1977]

I say we diversify. Not going all-in on either saving it a bank, Bitcoin, property, etc. It’s all about balance and risk management.

Yes I know that it’s really tempting to invest a lot of money on Bitcoin and other kinds of investments. The risks are high, but same as the rewards if it goes “to the moon” unlike in banks where we can only get a few percentage per annum.

Indeed we should use our money wisely and never go all-in.

Could not be more correct, diversification is the right thing to do, not going all-in into one asset even though it is safe or can give us great returns, everything is risky, so diversify to reduce and minimize risk.
But in the case that OP mentioned: $100k is idle money and has nothing to do with other living expenses, then I think we should invest and spend most of it on bitcoin investment. In the worst case, if bitcoin can't grow or crash, we will lose that money, but luckily, it doesn't affect our lives, so it's worth a try.

While the truth is I am a big bitcoin fan and supporting this coin all the way , I must admit that I also diversify from some altcoins , maybe at least 30% of my total investments are in Altcoins , so yes diversification is always best because I must say that in the past I already gain from all of my holdings.

I don't think investing in altcoins is diversification because the entire crypto market depends on bitcoin, if bitcoin crashes, the whole market will disappear. Diversification means investing in a variety of assets such as gold and real estate. But I will support you if you invest a small amount in altcoins, as we are here to make a profit and not to worship something. As long as we know what we are doing and are willing to take the risk, we can invest wherever we want.

what? how can you diversify if you will only put your money in Bitcoin ? meaning that is a sole investment and remember that never put your money into single basket/tray mate .
i never said to invest everything in altcoin what i said is small amount must be in altcoins and majority is for bitcoin.

[len01]

In the long run, what would you do with this money ? And why ?

I would prefer to put my money 30% into the bank and 70% into bitcoin for long term investment.
•enter into the bank 30% to get a stable profit in the long term and be able to cover losses if one day a bitcoin investment crash occurs.
•70% of investment in bitcoin to gain greater interest for the long term with the assumption that bitcoin has far greater profits than interest in banks. so I will put more of my money in bitcoin than having to put more in the bank.
yes it is true that it is very risky if you invest too much in bitcoin, but I think bitcoin never disappoints its investors and always gives very high prices when bulls come.

[Marvell1]

what? how can you diversify if you will only put your money in Bitcoin ? meaning that is a sole investment and remember that never put your money into single basket/tray mate .
i never said to invest everything in altcoin what i said is small amount must be in altcoins and majority is for bitcoin.

According to my understanding, he is saying that just investing in cryptocurrencies is not diversification, and I agree with that statement. Investing in bitcoin and altcoins does not extend beyond the crypto world, so it cannot be called diversification, investment diversification is investing in other assets like gold or stocks...as long as they are in different sectors. Not putting your eggs in one basket means investing in cryptocurrencies, stocks, and real estate...

[G_Besar]

True, by using money for things that are useful then we will not regret it in old age, as long as we are young and easy to find money then save it all, if it looks big then use it to buy land and then build a shop building that can be rented out so we have provisions if it doesn't work anymore, don't regret being wasteful.

Wasting money is really not recommended in life, because saving money for necessities is a better thing to do. Because it is for yourself in old age so it is not a problem if you have to save money from now on in terms of gathering supplies for yourself. Because it will be very painful and sad if when you are old there are no provisions to enjoy anymore. So use existing assets in everything that can circulate money continuously and the rest is saved for old age.

[Pamadar]

True, by using money for things that are useful then we will not regret it in old age, as long as we are young and easy to find money then save it all, if it looks big then use it to buy land and then build a shop building that can be rented out so we have provisions if it doesn't work anymore, don't regret being wasteful.

Wasting money is really not recommended in life, because saving money for necessities is a better thing to do. Because it is for yourself in old age so it is not a problem if you have to save money from now on in terms of gathering supplies for yourself. Because it will be very painful and sad if when you are old there are no provisions to enjoy anymore. So use existing assets in everything that can circulate money continuously and the rest is saved for old age.

If you have a good savings your life is more easier, that's the fact, especially if you'll going to explore your opportunities in finding a good way of investment using your savings.

not easy but doable if you are really kin in finding the best way that might be fit to how you desire
your success, focus and always be open in every learning that you will encounter along the way.

[Smack That Ace]

In the long run, what would you do with this money ? And why ?

I would prefer to put my money 30% into the bank and 70% into bitcoin for long term investment.
•enter into the bank 30% to get a stable profit in the long term and be able to cover losses if one day a bitcoin investment crash occurs.
•70% of investment in bitcoin to gain greater interest for the long term with the assumption that bitcoin has far greater profits than interest in banks. so I will put more of my money in bitcoin than having to put more in the bank.
yes it is true that it is very risky if you invest too much in bitcoin, but I think bitcoin never disappoints its investors and always gives very high prices when bulls come.

I am not sure about the future of bitcoin, bitcoin is still the riskiest investment, IMO. But with this $100k as idle money, as OP mentioned, I will agree and do the same thing as you, 30% to save the bank and 70% to invest in bitcoin and altcoins. In this case, I will be a bit different from you. I want to put 10% into investing in alts because I think I will take the risk to seek more profit with alts.
70% is cryptocurrency, I think it's not too risky because this is idle money, so it's worth a try.               

[goldkingcoiner]

True, by using money for things that are useful then we will not regret it in old age, as long as we are young and easy to find money then save it all, if it looks big then use it to buy land and then build a shop building that can be rented out so we have provisions if it doesn't work anymore, don't regret being wasteful.

Wasting money is really not recommended in life, because saving money for necessities is a better thing to do. Because it is for yourself in old age so it is not a problem if you have to save money from now on in terms of gathering supplies for yourself. Because it will be very painful and sad if when you are old there are no provisions to enjoy anymore. So use existing assets in everything that can circulate money continuously and the rest is saved for old age.

Investing nor saving for old age are not a waste of money, I would say. But then again that is a relative definition. I think everybody has a completely different interpretation of what "wasting money" actually means. For example, if I were to buy clothes, I would see it as a waste of money if those were brand clothes with thousand dollar price tags. I prefer good quality but decent price. Another person would see it as an investment into his social life because he is surrounded by people who think the same way.

For me, I think its both good to set aside money for old age but also it does good to not forget to live in the moment. We are alive now. Tomorrow is not assured. So saving every single penny for old age is nonsense.

I say its better to save/invest half your extra money and the other half spend on meaningful things.

[S A KHAIR]

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

50% in banks and 50% in bitcoin, although bitcoin offers good returns, the future of bitcoin no one dares to guarantee success. So always leave yourself a backup plan. If bitcoin fails we still have 50% capital to start over, don't invest all in bitcoin, too risky.

[albon]

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

If I own 100,000 dollars, I will invest in Bitcoin and some of the top altcoins, an amount that I can lose, but it would be wrong to put all my wealth in cryptocurrencies due to the extreme volatility they contain. Frankly, bank profits are useless. 3% is not considered a completely good profit. By investing in bitcoin and promising altcoins, you can get many times this percentage and make huge profits, but you must have experience in trading and analysis, or you can follow the recommendations and analyzes of professional analysts constantly, but you should not rely on them mainly, and it is important to follow the news very well, and then you enter early in terms of taking advantage of any hype or any popular event, which in turn leads to an increase in the value of the currency, and you must invest and trade without emotion or feelings, and you will achieve impressive successes.

[Chrlie95]

If you are willing to take some risk in exchange for potentially way higher returns, you may consider investing in Bitcoin or other cryptocurrencies. They have the potential to generate significant returns over the long term. You just need to know what you are investing your money in. So you must read the project and the white paper beforehand.

[Vinaa77]

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

Let's make a comparison first between saving money in a bank and crypto trading.
If the money is $ 100k * 3% then every year you will get $ 3k, stable without risk.
If you trade $100k Bitcoin you will get 6 Bitcoins, the current price is $16,671.
If the price changes $ 17k in 1 Bitcoin, you will get a profit of $ 329 * 6 Bitcoins = $ 1,974.
The price change is no later than one week, but full of risks.
Which do you think is the best? For me investing in Bitcoin is the best.

[erep]

Let's make a comparison first between saving money in a bank and crypto trading.
If the money is $ 100k * 3% then every year you will get $ 3k, stable without risk.
If you trade $100k Bitcoin you will get 6 Bitcoins, the current price is $16,671.
If the price changes $ 17k in 1 Bitcoin, you will get a profit of $ 329 * 6 Bitcoins = $ 1,974.
The price change is no later than one week, but full of risks.
Which do you think is the best? For me investing in Bitcoin is the best.

If $100k of funds allocated specifically for investment then of course will choose Bitcoin investment, even though the risk is high but the current price of BTC is very close to $17k, it means that you will earn $2k profit for short trades instead of bank savings, so why choose bank for passive profit relatively low profit for high deposit, bank will get a lot of profit from high deposit although you are not aware of bank system for customer money circulation to increase annual profit. Crypto is much more profitable than bank interest, but you must have knowledge and risk management if you want to get involved in bitcoin investment, even though the current price is low, we must prioritize the DCA method to buy BTC gradually starting at a lower price than the current market price.

[Mahanton]

Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?

Let's make a comparison first between saving money in a bank and crypto trading.
If the money is $ 100k * 3% then every year you will get $ 3k, stable without risk.
If you trade $100k Bitcoin you will get 6 Bitcoins, the current price is $16,671.
If the price changes $ 17k in 1 Bitcoin, you will get a profit of $ 329 * 6 Bitcoins = $ 1,974.
The price change is no later than one week, but full of risks.
Which do you think is the best? For me investing in Bitcoin is the best.

You should be always mindful about the risks and dont always mind off about the potential profits considering that this market is really that unpredictable then there's no way you could really make out assurance.
When it comes to potential income then there's no doubt and there's no question about if we do compare on storing up your fiat on a bank which does only give out that 1-3% annual on what we have
saved which its never been that ideal if you are really that goes after on how to make your money big.Dont let it sit on your bank and it would be good if you  do consider on making out some
investment but of course thats if you could only bare up with the risk but if not then you would surely stick with banks.

[Lubang Bawah]

Compared to a deposit, of course, investment is the best option to continue to grow our money, in the past, if we wanted to invest in stocks, we needed at least thousands of dollars, but now with $ 100 we can buy and choose the stocks we like, especially the presence of an application on a smartphone, which of course makes it easy for investors to invest, besides that it's even better if we also invest in the types that are currently trending, namely cryptocurrencies.

[Rockstarguy]

Compared to a deposit, of course, investment is the best option to continue to grow our money, in the past, if we wanted to invest in stocks, we needed at least thousands of dollars, but now with $ 100 we can buy and choose the stocks we like, especially the presence of an application on a smartphone, which of course makes it easy for investors to invest, besides that it's even better if we also invest in the types that are currently trending, namely cryptocurrencies.

Some people will prefer to deposit their money in the banks because they do not know what to do with it and this is not the best. The reason why people deposit their money is because they lack ideas on how to invest it. It will be best to always go for investing, depositing money is not of any good because it won't add value . Money is suppose to grow and this can only happen if money is invested.  It is important seek for knowledge to get understandings how to grow money.  Growing money might not be just in crypto alone, but in other areas , investing is always the best option on to make money get value.

[xSkylarx]

Compared to a deposit, of course, investment is the best option to continue to grow our money, in the past, if we wanted to invest in stocks, we needed at least thousands of dollars, but now with $ 100 we can buy and choose the stocks we like, especially the presence of an application on a smartphone, which of course makes it easy for investors to invest, besides that it's even better if we also invest in the types that are currently trending, namely cryptocurrencies.

It doesn't that if you have money and a smartphone you can now invest in it and gain profit. It doesn't mean that it is trending you will get a ton of profit from it. That kind of mindset leads to losing your money and feeding the market. The key always is knowledge and research first before jumping to a conclusion into investing it, it doesn't mean you have the money you can invest and earn, you be going through a lot of processes first.

[bitgov]

Compared to a deposit, of course, investment is the best option to continue to grow our money, in the past, if we wanted to invest in stocks, we needed at least thousands of dollars, but now with $ 100 we can buy and choose the stocks we like, especially the presence of an application on a smartphone, which of course makes it easy for investors to invest, besides that it's even better if we also invest in the types that are currently trending, namely cryptocurrencies.

It doesn't that if you have money and a smartphone you can now invest in it and gain profit. It doesn't mean that it is trending you will get a ton of profit from it. That kind of mindset leads to losing your money and feeding the market. The key always is knowledge and research first before jumping to a conclusion into investing it, it doesn't mean you have the money you can invest and earn, you be going through a lot of processes first.

But if you are new - than you should learn to invest so that you don't lose money.
I made an investment - and I did a terrible mistake - maybe I won't do it again ever in my life again.

[Godday]

If currently the assets I have have reached $100,000 then I will use it to invest in bitcoin because the profits we will get later will definitely be very large because currently the value of bitcoin is declining so we as crypto users are a very big opportunity to get big profits in the future, although the risks we have to face are very large when compared to deposits in banks, all of us have a great desire to reach the highest point, so investing is the best way in my personal opinion.