Quote from: ScamViruS on May 03, 2023, 06:16:44 PM

Quote from: Supreemo on May 02, 2023, 12:25:33 PM

Quote from: JohnBitCo on December 09, 2022, 10:14:36 AM

Quote from: Marcellin9 on December 09, 2022, 06:00:08 AM

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 ?

There are two things here that need to be done wisely. First investing wisely means that you need to invest in bitcoin and/or in good altcoins and also do the dollar cost average.
Second wise thing is to store your bitcoin and crypto in a safe place. If you store your investment in centralized wallets or exchanges, then you are carrying the risk with your investment which can go to zero if those platforms scam exits.

when you try to put all your investment in a wallet it's better if you check first if it's secured and since there's so many online wallets we should check if it's legit and check their background if they don't do scheme to their customers.

Right. Even using many well-known wallets, crypto users are facing problems. So it is most important in investing, where the investor will store his funds. Such a large amount of funds will be at risk and may even get hacked if an accident occurs. There are a lot of scammers around in the crypto market. So if you are not careful, something unexpected will happen to you which you may not have even dreamed of.

Always remember these rules when investing on crypto space

1. Not your keys not your wallet which simply means not your coins at all
2. You wont make profit or money if you wont risks
3. If there's something too good to be true then its a scam

Just make yourself aware on whats happening around and not really just that too confident on diving without even trying out to know on whats the risks involved.
In speaking about using money wisely then of course having investment would be always the best call. If you do know on what you are doing and
if you are really that a risk taker then its up to you on what you should gonna do.