Post
Topic
Board Economics
Re: Use your money wisely. Invest or Deposit ?
by
Riodarvg
on 30/12/2022, 07:08:22 UTC
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 ?
If I have a lot of money, I will allocate assets to invest and save to reduce risk. Although investing is the more profitable option, never go all in on investing because it comes with a lot of risk. Investing in Bitcoin has great potential and will yield large profits in the future.