Quote from: Xampeuu on January 28, 2023, 03:19:25 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 ?

if I had that much money, of course I would not place either bitcoin or a deposit. but maybe I will use both of them plus other investments such as property and stocks, on the other hand I will open a business to meet daily needs, so besides being safe because there are many fields that we invest in, we also have no difficulty meeting our daily needs. let's say we make rent, then every month we will make money, while property assets will develop, and bitcoin assets also develop with unpredictable timing. and deposits will also provide a sense of security, with small but definite benefits

Investment needs to be diversified. Many forum users have suggested diversifying the portfolio. I would also agree with them. Because there are always risks in cryptocurrency. If we talk about Luna Crash event of 2022 where lots of investors are completely bankrupt because they keep their entire investment in just one project. If there was variation there would not be situation like Bankruptcy. Many investors never imagined that a project like Luna suddenly collapse. Since there is no assurance of any top-level project in altcoins, so investment diversification is essential for all the investors.