Imagine that you were given $1,000, and you are allowed to use the money to make an investment of your choice.
Investment: The act of using money in order to achieve a profit.
Now imagine that your $1,000 investment is guaranteed to multiply 10x (to a total of $10,000) but no more. This entire process takes 365 days.
Right now go to the comments sections and share with us:
- What would you invest in?
- Why did you choose that investment?
Once you post your comment, return back here and finish the rest of the article.
What type of investment did you choose?
There are a wide variety of investment options:
- Steem, Steem Power, and Steem Backed Dollar
- Other types of cryptocurrencies
- Interest earned from fiat currencies
- Stock and bonds
- Land and real estate
- Collectibles
- And the list goes on.
We often run to investments that we feel most comfortable with. Did you run to Steem and SBD? Cryptocurrencies? Something else?
How did the 10x guarantee sound to you?
The 10x guarantee sounds great, and it is an incredible rate of return. But what if a limited 10x return causes you to miss our on a 20x, 30x or even 100x return.
Guarantees are nice, but they come at a cost - the possibility of an even greater return.
Are you willing to wait 365 days?
A year is a long time to wait, especially in the cryptocurrency world. We live in a time when patience is a lost art. Most of us want instant results. Most of us would find a spending opportunity instead of waiting for an investment opportunity.
Your Turn
Let's continue the conversation. Now go back to your previous comment and edit it or add a new comment. Have your thoughts changed since your initial response?
- Would you choose a new investment opportunity? Which one?
- Would you prefer a guaranteed return or would you accept more risk to gain a larger potential reward?
- Do you tend to wait for an investment to develop or do you tend to spend?
Thanks for stopping by. I look forward to hearing from you.
Image Source: https://pixabay.com/en/coins-currency-investment-insurance-1523383/