Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
...
I still remember 10 years ago, when I went into the bank and made a 5 year deposit with 4.5% year interest. I lived happily through those 5 years taking my profit. Until I heard of Bitcoin. What will be the interest of my Bitcoin deposit in 5 years? Incredibly high, for sure. Therefore, the price of suffering one more bear year is insignificant compared to the prize after that.
...
I recently made a 6 month deposit with 3.25% (USD) yearly interest. (nearly %25 of my total wealth) Not the most profitable investment I made since my btc investment is more than doubled itself in a couple of years.
You buy some gold, you buy some bitcoins, you buy some stocks (not a good idea now probably), you always keep some in a bank because banks are still kinda functioning and you still kinda need them for purchasing big stuff like houses, some at home as hard cash, if the amount is big enough some real estate in decent cities with low taxes, etc etc...
It is just a game of risk management.
You buy some risky assets, some less-risky assets, some solid assets, some barbaric relics... All has its spot in the game.
I don't trust banks but I don't want to lose my mind by watching crypto charts neither. (probably too late for that)
** Yes I'm going to wait 6 fucking months to get %1.625 (one point six two five percent) in profits (minus taxes). This is one of the most fucking terrible Investment ever.
*** Should I cancel that shit and go full btc?
