In the Age of Crypto: Balancing the Excitement and Risks of Quick Gains

Even though so many investment strategies or should I say plans are ahead these days, some people think it is a wise decision to invest in the old way. And this is also true in some ways because many old schemes are also risk-free, exceptions can be found everywhere. Nowadays, everyone wants to become rich quickly and earn good profits in a short time, but not everyone is lucky enough to become rich in a few days. And there is no get-rich-quick scheme. Yes, if you have heard of such a scheme or it is good, then perhaps it is a trap in which many people get trapped, but believe that when someone benefits, someone also suffers loss. It happens and it is true. Wherever you invest, whether be the investment fund or bank, they do not keep all the money with themselves, they invest a lot of money somewhere and the truth is that your money is not safe anywhere if you do not keep it, even if you are investing.

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Even if you are keeping it in the bank, it is not safe nor will you get any good returns there. People think that investing is a better option, but nowadays there are more risks in investment and while investing money in many schemes, these things are not told to you. Yes, some people are very intelligent, they catch all these and take care of themselves before getting stuck in water, but not everyone is smart enough to find out everything in advance and that is why many people lose their money in such schemes. Yes, if you invest money in any bank or post office or any government body then you get the money-back guarantee that you will get that much money in so many years. Yes, ups and downs happen everywhere and losses and Losses keep on coming, there will hardly be anyone who will increase (or make you maintain the profit) your profit every day but in the long run, it becomes much easier to recover the loss as compared to if you talk about the short term.

Many older people do not invest money everywhere as today's young generation does, they either invest in fixed deposits or recurring deposits. They invest in and this seems to be their simplest and safest way. Yes, this is also a safe method and the interest rate is also good, it is not that much but you get a little more than your savings account and some banks are even giving the assurance of giving 9% per annum and that Are also giving. Many schemes have come up but those who bring the scheme have to attract people in some attractive way to invest in it and in doing so these days marketers are leaving no stone unturned. You can see that all around. How investment is in full swing and nowadays five out of 10 ads you see are for investment. Yes, more people than ever have started investing but it is not necessary that you should do the same as everyone else is doing and so It is not true that everyone's money is safe.

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Yes, I also agree that the old methods are very good as investments because they do not have any hidden charges nor are there any high taxes because most of them are tax-free if you compare them with today's mutual funds or SIPs. There are hidden charges there and whichever form you are getting it done from, it also charges its brokerage if you get the same done from the banks, then there are very less chances of getting return charges there and a lot You also get benefits from there because it becomes very easy to take a loan from your bank if you ever need it. If you have invested that money somewhere, then if you withdraw it before the limit you have to pay some penalty. Yes, this does not happen everywhere but it happens in many schemes and this is what we need to remember while starting the scheme. This is not told, perhaps we do not consider it necessary to ask this. Believe me, there are so many schemes nowadays that if you go out to see about each one, you will probably get tired.

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Yes, in cryptocurrency, people double their money in a single day and the chances of losing money are not very sweet there, but believe me, if you compare normal banking with cryptocurrency, then it is quite easy to withdraw money from the bank whereas it is not that much easy to withdraw money from the world of crypto. Withdrawal becomes a bit difficult and it is not easy for everyone, but believe me, even educated people make a lot of mistakes these days and if a senior citizen accidentally makes a mistake, then all the money is gone, you can think about it in a moment. You can also recover your money but there is no chance of recovery here. You may have invested your entire life's savings here and it all disappears in just a second. Maybe this is a big reason why people don't trust crypto so quickly. I also tried to involve many people in it but I was unsuccessful and they are happy with the money earned from there old tradition too. Yes. Everyone doesn't need to become rich, they just want to live a simple life. If they have so much money that they can live a prosperous and peaceful life, then according to me, that much money is enough to earn more money. There is a different tension in what to do, I have felt that if you have something more than the limit, then it gets the status of a thing. You are always worried about whether you have something or not. No, or if it is limited, you do not have to think much about it. What do you think about this?

See you in the next post. Keep learning and keep exploring...

All the Images are Made Via Canva unless otherwise noted.
Translated via Google Translator, The content is original.

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