Post
Topic
Board Economics
Re: Use your money wisely. Invest or Deposit ?
by
Smartprofit
on 22/01/2023, 11:37:24 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 it's really cold savings, I'll definitely invest 50% of my money in bitcoin, and I'll hold onto it for a long time.
and the other half I will make business capital in the food / restaurant sector.
because this will be my daily and monthly income, whereas bitcoin will be my 4 yearly income.

In my opinion, this is a very reasonable plan!  Investing in bitcoin is essentially investing in a very promising deflationary asset. 

At the same time, the price of bitcoin has now fallen from a high of $69,000 to a low of $15,000-22,000.  This makes it possible after the end of the bear market to increase your initial capital at times. 

Diversifying your investments (investing in food and restaurant business) is also a very good decision. 

People always need food, this business (in my opinion) will always bring a stable monthly income.