Use your money wisely. Invest or Deposit ?

[jrrsparkles]

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 ?

First of all never ever save more money than you need for 6 months of your expenses as liquid cash, inflation will eat the value and as your post says if the bank is giving 3% fixed interest rate but the inflation is climbing above 7% so actually in the end we will be losing 4% and some unofficial reports says inflation rate is already above 10% so that's the status of depositing.

Investment is the wise choice as we know but don't go all in either its bitcoin or gold or anything, learn to diverse the capital and invest on multiple assets with different risk levels.

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[uneng]

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 ?

First of all never ever save more money than you need for 6 months of your expenses as liquid cash, inflation will eat the value and as your post says if the bank is giving 3% fixed interest rate but the inflation is climbing above 7% so actually in the end we will be losing 4% and some unofficial reports says inflation rate is already above 10% so that's the status of depositing.

Investment is the wise choice as we know but don't go all in either its bitcoin or gold or anything, learn to diverse the capital and invest on multiple assets with different risk levels.

That is true. Saving account prposal offered by banks should be forbidden, because it's a scam legalized by the government. They intentionally allow this knowing most people aren't aware about inflation and how they are losing purchasing power along the time by "investing" like this. I can speak for myself, as until some years ago I wasn't aware about this reality, so I was losing money by letting my funds idle on fiat saving account. From that moment all I liquidated all my fiat holdings and went 100% full bitcoin investment, and I still don't regret doing this, because I know my money is safe on long term (at least until the next bull run).

[lalabotax]

Both, don't forget there is a saying "don't put all your money in one basket". The best thing to do is split your money. Invest 60 to 70% of your money and deposit the rest just to have an emergency fund if ever your investment goes wrong and not because of the annual rate. Split your investment as well, not just in one coin. If you are a risk taker, go altcoin or nft project but make your thorough research first.

Agree. We don't put all the money in 1 investment. If we have $100,000 in our account bank, we can use 50% to invest in safe investments like land and gold, 30% to invest in risk investments like BTC, and 20% to keep in dollars. We need to spread the money into 3 things (safe investments, risk investment, and stable investment). Anyway, I will never put my money on altcoins or NFT, it is too risky.

[nurilham]

Investment is the wise choice as we know but don't go all in either its bitcoin or gold or anything, learn to diverse the capital and invest on multiple assets with different risk levels.

Bitcoin is a high risk, you can't put all the money here. The chance to lose money is quite big here, not recommended to use all money.
While Gold has no significant increase in its price, we can't expect to earn a lot of money here. Except having huge money.
So, nothing is perfect, that's why we need to diversify our investment.

I have applied to diversify assets and it works well.
When one of my assets drops the value, I still have other assets that experience a different situation.
For example, when it is bearish in crypto market and my Bitcoin asset looks badly. I still have gold that the price looks raise good lately.
If I put all my money in crypto (BTC), I must be stressful during this bearish market and can't have a source to gain money.

[AmoreJaz]

Both, don't forget there is a saying "don't put all your money in one basket". The best thing to do is split your money. Invest 60 to 70% of your money and deposit the rest just to have an emergency fund if ever your investment goes wrong and not because of the annual rate. Split your investment as well, not just in one coin. If you are a risk taker, go altcoin or nft project but make your thorough research first.

Agree. We don't put all the money in 1 investment. If we have $100,000 in our account bank, we can use 50% to invest in safe investments like land and gold, 30% to invest in risk investments like BTC, and 20% to keep in dollars. We need to spread the money into 3 things (safe investments, risk investment, and stable investment). Anyway, I will never put my money on altcoins or NFT, it is too risky.

diversification is always the key when it comes to investments. as you mentioned those 3 types, people should always keep in mind that no one will take care of his investments but himself. so yes, should consider tangible assets other than high-risk investments. NFT and most alts are not a very good choice when you think about crypto investments, i would still go for btc if in case you want to allocate some in crypto market.

[jrrsparkles]

Investment is the wise choice as we know but don't go all in either its bitcoin or gold or anything, learn to diverse the capital and invest on multiple assets with different risk levels.

Bitcoin is a high risk, you can't put all the money here. The chance to lose money is quite big here, not recommended to use all money.
While Gold has no significant increase in its price, we can't expect to earn a lot of money here. Except having huge money.
So, nothing is perfect, that's why we need to diversify our investment.

I have applied to diversify assets and it works well.
When one of my assets drops the value, I still have other assets that experience a different situation.
For example, when it is bearish in crypto market and my Bitcoin asset looks badly. I still have gold that the price looks raise good lately.
If I put all my money in crypto (BTC), I must be stressful during this bearish market and can't have a source to gain money.

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

[G_Besar]

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

In terms of storage, there is indeed a very basic difference between Gold and Bitcoin, because as you said, Gold will be more difficult to store in a safe if the amount is very large and you need to take special care so that it is not lost due to theft. While Bitcoin can be stored very safely even though there is still the possibility of being stolen by a hacker, this can only be done by someone who is really smart.

The bottom line Gold has less risk when invested, but the benefits are also not too much. While Bitcoin can be made possible to get more profits in investment even though the risk is not low, the easier storage makes Bitcoin a better asset than Gold. Because Gold requires better physical care so it doesn't get damaged or shrink. So I agree with what you are saying.

[Smartprofit]

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 ?

Bank deposits can be effectively used to save your money.  

For keeping money in a deposit account, a commercial bank pays interest to customers. However, the interest paid is usually less than the rate of inflation.  

As for investments, this is a real opportunity to increase your cash savings.  

Therefore, in my opinion, these two financial instruments should be used in conjunction.

[Inwestour]

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

There has to be a lot of gold in order to not fit in the safe, so this is not the biggest problem with gold. The problem is to transport it with you across the border to another country, or the problem is that the bank will sell you gold much more expensive than you can sell it back, and it will take a lot of time for the price to rise to the purchase price.

Bitcoin has a number of advantages, although it is not as stable in price as gold.

[bitgov]

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

There has to be a lot of gold in order to not fit in the safe, so this is not the biggest problem with gold. The problem is to transport it with you across the border to another country, or the problem is that the bank will sell you gold much more expensive than you can sell it back, and it will take a lot of time for the price to rise to the purchase price.

Bitcoin has a number of advantages, although it is not as stable in price as gold.

if you are good at investing and you have a mentor who can guide you well - than go for it.
I lost 3000$ and got scammed and I spent so much time in recovering it.

[Theones]

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

There has to be a lot of gold in order to not fit in the safe, so this is not the biggest problem with gold. The problem is to transport it with you across the border to another country, or the problem is that the bank will sell you gold much more expensive than you can sell it back, and it will take a lot of time for the price to rise to the purchase price.

Bitcoin has a number of advantages, although it is not as stable in price as gold.

to me one should only invest if they are good in making decision - otherwise it is good to deposit money and get what you already have.

[valeneu]

Saving money in the bank and investing is risky, nothing is perfect and absolutely safe. Banks are centralized and may face bankruptcy resulting in frozen or even lost funds. Invest the bulk of your funds in Bitcoin and save for an emergency fund. Holding Bitcoin for a long time can look forward to one day earning more profits.

[Pamadar]

Gold is one of the stablest investment because it is growing at steady rate for centuries so its good to have in everyone's portfolio, it may not make an investor rich but definitely can be a life saviour from inflation and economic crisis. Problem with the gold is which needs to be secured in a safe that is why it is impossible to keep huge amount by a personal whereas bitcoin is digital asset anyone can keep it in on their own no matter either its few sats or a million bitcoins in one place.

There has to be a lot of gold in order to not fit in the safe, so this is not the biggest problem with gold. The problem is to transport it with you across the border to another country, or the problem is that the bank will sell you gold much more expensive than you can sell it back, and it will take a lot of time for the price to rise to the purchase price.

Bitcoin has a number of advantages, although it is not as stable in price as gold.

Bitcoin have that advantage but both of you are correct, gold with lesser chance of falling the value is more stable than Bitcoin, but if you are a good fan of volatility and you know how to handle fear.

That said volatility will be your friend in terms of investment, Bitcoin can bring you huge profits
if the timing is right and you manage to invest your money when the value still cheap.

Once the market pump, your money will grow in value, no longer a mystery but that said volatility
gives you the chance to earn a lot.

[Sanitough]

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 ?

The annual interest in banks are too low, it's like you're letting your money sleep without gaining anything. Well, it's good to have savings but that's huge to just entrust to bank, they're the only one benefiting to your money by giving loans to their borrowers. Anyway, if i'm in such situation having $100k savings, I will invest the money in Bitcoin and gold and leave 10% in bank for emergency. Investing is always the wise decision but remember to only invest in things you have knowledge with and you're aware of the function.

I would rather invest my money too than to let the bank alone benefit from my hard-earned money. Maybe I will leave 20% in the bank so that in times I run out of cash for my allowance or for emergency funds, I can easily withdraw some amount. And then the remaining 80% will be used to invest in bitcoin, gold, and establish a local business that will also get high demand from its consumers. But the higher allocation is for bitcoin, as it’s the most profitable one yet the most risky to take. With patience and resilience, success will never be too hard to achieve.

[Fatunad]

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 ?

The annual interest in banks are too low, it's like you're letting your money sleep without gaining anything. Well, it's good to have savings but that's huge to just entrust to bank, they're the only one benefiting to your money by giving loans to their borrowers. Anyway, if i'm in such situation having $100k savings, I will invest the money in Bitcoin and gold and leave 10% in bank for emergency. Investing is always the wise decision but remember to only invest in things you have knowledge with and you're aware of the function.

I would rather invest my money too than to let the bank alone benefit from my hard-earned money. Maybe I will leave 20% in the bank so that in times I run out of cash for my allowance or for emergency funds, I can easily withdraw some amount. And then the remaining 80% will be used to invest in bitcoin, gold, and establish a local business that will also get high demand from its consumers. But the higher allocation is for bitcoin, as it’s the most profitable one yet the most risky to take. With patience and resilience, success will never be too hard to achieve.

If you are that someone whose afraid to take up some risk when it comes to investment then most likely you would really be storing up your cash in banks but its true that instead on letting it park or idle
then it would really be ideal if you would really be that make it work or move via those investments to make more income and make more savings.You would really be finding yourself to be
on having no hardship or challenges when it comes to money if you do have other sources of income rather than on making yourself reliant on one source.
If you do like on that way then so be it but its not something that recommendable.

[batang_bitcoin]

Saving money in the bank and investing is risky, nothing is perfect and absolutely safe. Banks are centralized and may face bankruptcy resulting in frozen or even lost funds. Invest the bulk of your funds in Bitcoin and save for an emergency fund. Holding Bitcoin for a long time can look forward to one day earning more profits.

Yeah, nothing is perfect but saving money in the bank is safe IMO. Your money is there being held by there and being kept to their vault, while them, they're going to use it for funding other borrowers need and they'll take more interest than you, the owner of that money.
We know how their business goes but you have zero risk in keeping your money in the bank until something wrong goes on.
Just like what happened in Lebanon and China, their deposits can't even take their money because that's what the government says so. And for you to avoid that, it's better for you to keep it on your own and just as we keep our bitcoin, you're also the one to hold your cash.

[GeorgeJohn]

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 me start from the bank investment with the money: the money can only yield an interest or another value when you using a fixed deposit, and actually depending on your time duration before a withdrawal from the bank.

For Bitcoin investment and expecting a potential interest in bitcoin, theirs every tendency that you can as well make a huge profit investing the money in bitcoin, and thing is that the same tendency of doubling your capital is applicable to lose it totally in Bitcoin indecencies that the value can rise and also falls, because if during the investment it enters in bearish season their is every tendency that you might not have a profit and your capital can be equally be losed

[mvdheuvel1983]

Smart people will always invest the money. Depositing money means losing it. Don't misunderstand me; only a very small portion of it will be deposited for exigences.
Then, in addition to purchasing some bitcoins, diversifying your investments will be a wise choice. Personally, I would invest some of the funds in stock market investments and some in real estate.
Since I am a big believer in long term hodling, I'll probably leave the 6 Bitcoins for the 7 -8 years.

[Wolfblood200$]

It all depends if you're a risk taker or not  , if you deposits it in the bank you're sure of your money to be intact with a bit interest to it but in terms of investing it on bitcoin , it's more of a gamble  , because bitcoin might crash and you may lose your initial money

[monineklutak]

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 me start from the bank investment with the money: the money can only yield an interest or another value when you using a fixed deposit, and actually depending on your time duration before a withdrawal from the bank.

For Bitcoin investment and expecting a potential interest in bitcoin, theirs every tendency that you can as well make a huge profit investing the money in bitcoin, and thing is that the same tendency of doubling your capital is applicable to lose it totally in Bitcoin indecencies that the value can rise and also falls, because if during the investment it enters in bearish season their is every tendency that you might not have a profit and your capital can be equally be losed

Yes, it's like that because basically every investment will always have its own risks,
when investing in Bitcoin it requires patience especially with bear market conditions,
maybe you can switch to altcoins and the important thing is always do your research first