Post
Topic
Board Economics
Re: Use your money wisely. Invest or Deposit ?
by
Altryist
on 11/12/2022, 17:17:16 UTC
Diversify your money and don't put it all into the bank or in bitcoin to be safe. But if you already have this money, I think you'll be thinking of the high-risk one, which is bitcoin, because you need the money for investment as you are already settled. This is where you can see if you can handle well your money in investments. It is also best to deposit it in the bank since I am sure you'll need it in the future, and the other money is to buy it a bitcoin, then hold it for a few years, or check the price weekly to see how the price is going.
A bank deposit is not the best idea, the interest that you can receive on a bank deposit will be lower than the current inflation, which means that your money will only lose value, and do not forget when you give your money to a bank, you trust your money to a third party , which is also not the best option in terms of security. An investment in bitcoin is an investment with a perspective, a bear market cannot last forever, I think that in the near future everything will change for the better and the investment will bring profit.