Today is Thursday, 29 April 2021
Hey guys! How are you all? I'm @Arnob from Bangladesh.
There are thousands of rich people in the world today. All these people invest their money in different places. Again, many people uses their money for business purposes. But for those who are interested in investing, I should read this post well. I think, if you read my post well you will get a clear idea about investing.
We face a number of questions before investing. For example:-
Where do I invest?
In the bank or in cryptocurrency?
Where is the higher amount of profit?
Where is the more security?
Where is the transaction easy?
Which currency would be better to invest in cryptocurrency?
Many such questions. I will try to solve all these questions and hopefully you will get a clear idea.
Which place is the best for investment: Banks and cryptocurrencies are two of the most popular places to invest in today's world. Which is the better to invest in one of these two. After reading the following part, it will not be too late to make your decision. Let's get started:-
Banks:
We usually invest in banks. You invest in the bank, I will not forbid you but I can only show you a clear idea and where the profit rate is higher?
I am highlighting the annual profit rates of the central banks of several countries. The US central bank profit raate is 0.25%, 0.10% in England, 0.50% in South Korea, 4.25% in South Africa, 4.25% in Russia, 3.75% in China, 0.10% in Australia and 6.00% in Bangladesh.
The profit rates of the central banks of all the countries are given below :-
List of countries by central bank interest rates here
The profit rates of the central banks of different countries are different. I took the average profit rate of 10% to give you a clear idea. Now if you invest 10,000 dollars, the amount of annual profit will be 1,000 dollars yearly.
Now let's talk about cryptocurrency investment
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Cryptocurrencys:
Among the popular cryptocurrencies are Bitcoin, Etherium, Litcoin, Bitcoin Cash etc. We will determine the last one year profit rate of these popular currencies. The following is the profit rate:-
Bitcoin:
The first online currency is Bitcoin. Bitcoin ranks first in terms of popularity. The value of one bitcoin last year was 8,658 dollars.
At present Bitcoin price is 54,412 dollars.
The profit stands at 54,412-8,658 = 45,754 dollars. Then the annual profit of 10,000 dollars stands at 52,845 dollars.
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Ethereum:
The value of one ethereum last year was 207 dollars.
At present ethereum price is 2,685 dollars.
The profit stands at 2,685-207 = 2,478 dollars. Then the annual profit of 10,000 dollars stands at 11,9710 dollars.
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Litecoin:
The value of one litecoin last year was 46 dollars.
At present litecoin price is 252 dollars.
The profit stands at 252-46 = 206 dollars. Then the annual profit of 10,000 dollars stands at 44,782 dollars.
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Bitcoin Cash:
The value of one Bitcoin Cash last year was 249 dollars.
At present Bitcoin Cash price is 884 dollars.
The profit stands at 884-249 = 635 dollars. Then the annual profit of 10,000 dollars stands at 25,502 dollars.
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The bank has a profit of only 1,000$ on 10,000 dollars of investment, but 52,845 dollars in Bitcoin, 1,19,710 dollars in Etherium, 44,782 dollars in Litcoin and 25,502 dollars in Bitcoin cash.
There is no need to say where the profit is more. That's why Sir @MarcDeMesel said in an interview that investing in a bank is Poor profitable. He invested thousands of dollars in various cryptocurrencies, including Bitcoin, in 2012 when one Bitcoin price was 10 dollars. At present he is te biggest investor of bitcoin cash. Not only Sir MarcDeMesel, Sir @RogerVer , @Ellie and Sir @jihan.wu are the biggest investor in cryptocurrencys specially Bitcoin Cash.
However, we have come to the conclusion that investing in cryptocurrencies is more profitable.
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Which Cryptocurrency would you invest in?
We can say based on the above evidence that investing in cryptocurrency is more profitable. But now the question is you will invest in cryptocurrency but in which currency will you invest? Bitcoin or Bitcoin Cash?
Bitcoin:
Bitcoin is the most popular online currency in the world. If you think about investing in Bitcoin then you are living in a fool's paradise.
The current value of Bitcoin is 54,412 dollars. The price of Bitcoin has increased almost 10 times in the last one year. If you think the growth rate will remain the same as last year then you are dreaming of touching the moon from the earth. Even if the price of Bitcoin increases, it will increase very little. Because the price of Bitcoin has risen to a stable level.
Transaction fee is also a major barrier of Bitcoin. I am highlighting the current median and next block fees of Bitcoin below👇👇
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Bitcoin Cash: Bitcoin Cash is the better money for the world. Bitcoin Cash is a open source currency. At present, it is wise to invest in Bitcoin cash. The following are some of the reasons-
Recommended node for miners:
Bitcoin Cash Node is a professional and miner-friendly node. Check here
Bitcoin Unlimited is currently the most popular Bitcoin Cash node by count. Check here
Bitcoin cash upcoming nodes:
There are also more reasons to invest in Bitcoin cash:
The value of Bitcoin cash has a huge potential to increase. Because, the value of Bitcoin cash has not yet reached a stable level like Bitcoin. Bitcoin Cash future. Apart from MarcDeMesel says the value of Bitcoin cash will reach 30,000 dollars by the end of 2021.
Bitcoin cash Transactions fees are a thousand times lower than Bitcoin. That's why you will want to invest in Bitcoin cash.
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The difference between Bitcoin and Bitcoin Cash:
Transaction difference:
The above image is really super simple to understand. Try sending $20 worth of Bitcoin or $20 worth of Bitcoin Cash to yourself. You end up with only $5.95 of Bitcoin because $14.05 went to transaction fees. But you still end up with $20 worth of Bitcoin Cash. If Bitcoin with its high fees slow unreliable transactions is a brand new coin today, I bet you nobody would want it. This is nothing complicated, just simple common sense. Would you want to use a slow unreliable service that charges you $14.05 just to send $20?
Difference of Transactions number and traffic jams:
As we can see in the picture above, the transaction number of Bitcoin cash is much higher than that of Bitcoin.
We can see in this picture that the transaction trafficless of bitcoin cash and the translation traffic jam of bitcoin.
Based on all the above information proof you no longer have to point finger where you will invest. Even after all this, if you say why invest in Bitcoin cash? So my answer would be, who told you to invest?
Thank you for reading my post.
You will find me on:
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Reddit.com: HabiburB
Mistakes will be forgiven.
Based on Market situation now, many coins are going to perform more better just like Bitcoin. For me, I will be going for stakeable coins like AWC token which I called Bitcoin in the making. There are so many opportunities coins offers and AWC token is huge and all about financial freedom. More info concerning AWC token, explore - https://atomicwallet.io/token