Post
Topic
Board Economics
Re: Use your money wisely. Invest or Deposit ?
by
Kiresiura
on 12/12/2022, 02:39:32 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.

Don't put all your money in one area, spread your assets, bank your savings and diversify your investments. It is wise to invest to find ones with higher returns. Investing in cryptocurrencies is risky, and although Bitcoin can be more profitable, it requires long-term holding to obtain high profits. When Bitcoin falls, profit from the bank's fixed interest rate, and when the price of Bitcoin rises, you can see a higher return on investment.