If you were in the position to give financial advice to someone looking for a long term financial investment, what would you advice?...
In my opinion and if I'm honest, it all depends on how long you want to invest the money. short term or long term?
Apart from that, you also have to adjust your investment goals: Make a profit or just save?
Because the average person invests, especially investing in Bitcoin, for the future, so it can be said that the investment is for the long term.
In this case, of course Bitcoin is more profitable, rather than making a deposit at a bank, in my country the interest rate is at 5%. I also wonder why in this country it can be as high as 13%.
but yes, once again, "playing" stocks must of course understand how the market moves like a rollercoaster. If the stock's fundamentals are good, that's okay, just gas because we trust the fundamentals.
But for example, if we invest in Bitcoin, and when we want to sell it again, the price is going down and it feels like it will take a long time for the price to go up again, so be ready to hold it until your goal is achieved. So it is important to invest in bitcoin with cold funds.
the main thing is :
Btcoin has high returns but also high risk.
The deposit is low risk because it is not affected by market movements, the management system has been determined by the parties and does not change at any time. but yes, the profits are not as much as investing in Bitcoin. In conclusion, I will invest in bitcoin rather than deposit.