Is it better to convert 38000 yen to US dollars or to Bitcoin?

3 answers

• Dec 17, 2021 · 3 years ago
  Converting your 38000 yen to US dollars can be a safe and stable option. The US dollar is a widely accepted currency and is less volatile compared to Bitcoin. This means that you are less likely to experience significant fluctuations in value. However, keep in mind that the exchange rate between the yen and the US dollar may affect the amount you receive. It's also important to consider any fees associated with the currency conversion.
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• Dec 17, 2021 · 3 years ago
  If you're looking for the potential for higher returns, converting your 38000 yen to Bitcoin could be an option. Bitcoin has shown significant growth in recent years and has the potential for further appreciation. However, it's important to note that Bitcoin is highly volatile and its value can fluctuate dramatically. This means that there is also a risk of losing value. Additionally, consider any fees associated with buying and selling Bitcoin on an exchange.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe that diversifying your investments is a smart strategy. Instead of converting all your 38000 yen to either US dollars or Bitcoin, you could consider allocating a portion to each. This way, you can benefit from the stability of the US dollar while also having exposure to the potential growth of Bitcoin. Remember to do thorough research and consult with a financial advisor before making any investment decisions.
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