Topic: Altcoins profits or bank profits, which best? - page 13. (Read 2879 times)

Banks have nothing to offer to their customers. The only time bank gives interest to a customer is when that customer has about $4,000 and above in his bank account and he or she keep it in the bank for months or years then the bank will be given 5%/10%  interest every month. I know of a woman who is doing loan business and she deposited $4,000 in local currency and she told me that the bank is given her 10% interest every month and she is also interested to invest in cryptocurrency.

But the was I understand the recent investments and mostly on the technology, it is those who don't understand the workability of cryptocurrency invest in local banks. Me I prefer cryptocurrency, be a altcoins or others I will choose crypto to Fiat bank. The risk in fiat is much more bigger than in cryptocurrency.

You don't have to ask a thing about this; of course, everyone chooses altcoin profit over bank profit, which is near 8 to 12 percent. The theory we follow in crypto trading is that the higher the risk, the greater the profit. When it comes to profit, other than any investment options in the world, crypto is the best option now. And nothing is wrong with choosing bank profit over crypto currencies. Your money is your choice, and your freedom Because trading or investing in crypto is not on everyone's list, you're free to choose whatever you want. If you're ready to take a risk, it's the best option for you to make money.

I second.
The interest rates and other investment options and offers that the banks provide will only give you a small portion of what they're going to earn from your own money.
But it's like staking there and the higher the capital you have there, the better and can be said that your money there is safe as that's what they're going to tell and guarantee you.
Going on to the point of being safe, remember that even they are the banks. They have the decision to even halt your account and freeze your money if found something was done against them and the law. Although you have nothing to worry about it if you're not involved with any illegal activities.

I admit that altcoin investment is indeed superior when compared to banks. What you said is right, where the choice of altcoin is, when we invest is very important and something we need to pay close attention to. And don't forget, don't invest in just one coin, it would be better to invest in several potential altcoins that already have a track record of more than 3 years and have the ability to survive when crypto experiences a major bearish period.

I think the issue of profit loss varies from person to person because you are not in the bank Investing in alternative coin is your personal choice because bank will give you a bottom like profit amount is limited, or loss amount is limited or not, but alternative coin profit amount is very high The amount of loss is different from person to person, not a bank for those who are experienced and have been here for a long time Alternatives are good but for newbies who don't know anything about trading, banking service is good, investing there is good and loss is not there, but if there is good cash in alternative coins There will be no victimization and if profit is made then it will be very large
***There is no amount of risk in cryptocurrency, but it is for experienced but for beginners patience is more than profit because they can't be patient, so they buy coins quickly and sell again that's why up You have to wait patiently now maybe the amount will increase a lot in the next few days this coin will definitely give you the assurance The current age is the digital age where virtual currencies will be overvalued and by mid-2024 the question may no longer be there.I think comparing this currency with bank is not at all correct because the two are not the same thing because in this currency the amount of risk is higher and the amount of profit is several times but giving a certain profit to the bank It will be equal for all educated uneducated knowing unknown skilled you can expect great things But what will cryptocurrency guarantee you long term if you know how to use it properly you will never fail you can only see the good side of it profit only profit my little That's what knowledge looks like Bank will give you a guarantee that is peace of mind but cryptocurrency will help you to get long term profit
In cryptocurrency you think your capital risk is high maybe in bank you feel guaranteed because it gives you guarantee but to gain big you have to lose big this coin up This will teach you but for experienced players this coin is a great tool not a bank.

Yeah, if you have that time to investigate and learn about crypto investment that point is logical, though the risk is high as you mentioned but if you manage to pick the right asset to invest and you made yourself in the right timing that you should be at, the chance of making decent profits is really possible, you needed to make sure that you fully understand what you are entering and you can fully utilize the investment venue that you choose.

Always weight the potential and risk before taking your pick and start bringing your money. It's a hard-earned money that you need to protect in each investment or chosen investment that you take.

Yes, the risks of investing in banks are not too big and can even be called safe, that's why many people invest in banks, even though the profits are not too big, they are safe. and if you invest in crypto, especially in altcoins, the risk is very high, but for people who dare to take risks and invest in altcoins, there is the potential for big profits or big losses. in this case according to each individual's courage.

honestly even 6% per year isn't enough, it's already eaten by inflation, you see the rate of inflation in various countries, many of them are surpassing 6%, even worse was when pandemic occurring it was really massive inflation everywhere, if we are trying to make profit from our investment here, profits we got from making deposits in bank, doesn't really do much, at best its just to keep us retaining the value of our wealth and even that we're still at loss.
so at this point with that, why not instead invest in altcoin altogether, because the profit rate usually is higher, but still, we also exposed to the risk of losing money.
but if we are good at selecting the altcoins, analysing based on fundamental and utility, then i can be sure that our investment in altcoin won't go to drain.

If you seek security and assurance, then stick with banks but if you're a risk taker and your goal is to make a better profit then choose crypto. You can actually do both at the same time. You can invest in crypto and when you make the target profit that you want, you can secure them in your bank then you can do it continuously. At least you're securing your profit already without putting it again in crypto.
Invest what you could afford to lose in crypto and put your crypto profit in your chosen fiat bank. It all depends on our target profit and the target time frame that we want.

Profits in crypto are a nice thing and you also have the opportunity to stake many tokens in order to get a low return without being exposed to the risk of trading. However, cryptocurrencies are still subject to extreme fluctuations and therefore I recommend that everyone exchange part of their profits for FIAT.

What must be remembered is that only the best crypto can beat inflation. Saving fiat in the bank apart from the small profits you get, your assets will also experience a decrease in value every year due to inflation. It is true that the risk in banks is small compared to crypto, but for financial freedom in the future, crypto is still the best. If you really want to save, try not to go to the bank, even if you want to save other than crypto, maybe you could try gold.

Banks and Altcoins, both are good. And both of them have a risks.

Banks usually give 6% per year, this is quite large. Investing in banks also has risks, especially the risk of inflation.

Altcoins, although capable of providing 2 to 10 times the profit, also have the risk of losing investment funds if we invest incorrectly in altcoins. Understand the altcoin project before deciding to invest. Altcoin investment = High risk, high profit.

For example, you have $10M in capital and you don't want that $10M to depreciate in 5 years, i.e. the money will lose purchasing power in 5 years due to inflation and now the value of that $10M will be comparable to the value of $8.5M 5 years ago. To prevent this from happening, you can put the money in the bank at an interest rate that will cover the inflationary costs. Total, in 5 years, your $10M will turn into $11.7M. You will have more money in terms of quantity, but with that $11.7M you will be able to buy as much as you could have bought with $10M 5 years ago. By doing so, you've managed to preserve the value of your money and protect yourself from inflation. That's what bank deposits are for in the first place, not for making money.

Alt-coins profits is far better than Bank profits return investment, instead of keeping money in the bank and get depreciating in value, even if is fixed deposit account, can't compare with staking coin in other to gain profits in time return profits. I rather choose keep assets in alt-coins, mostly in stable coin  while placed on staking or farming for specific period of time investment.

If you buy coins in Kipto instead of depositing money in the bank, then you may own a lot of money in the future, but here is a rick, your money may decrease, but if you keep money in the bank, the bank will give you a certain amount of profit, your ricks will be less.  If you want to be ricks free then you can keep money in the bank and if you don't want I will multiply my money then you better buy some alt coin

Conservative investors got that deep knowledge in terms of investing their money, even it's just a small slice of possible profits they will take it instead of entering with a high-risk investment, though there are a kind of investors who also have that capabilities to adjust and to adopt the situational environment, they can also risk and place their money into crypto.

It's not that huge numbers, but expect them once they already learn the potential and how it works for the best benefits of their money.

What best varies on person risk appetite because you can lose big time even though crypto trading promise huge profit. So the value of the potential gain is useless if you can maximize it.

Sometimes, Bank profit works well on people with huge funds and hate too much risk since they already have stable job to gain more income unlike if they involved on crypto and lose it all due to volatility.

I assume you're following the investment advice "Dont put all your eggs in one basket." I've navigated this difficult financial landscape, and having a foot in equities, commodities, and cryptocurrency has benefits.

Cryptocurrencies offer unusually high returns, but they are volatile. As a crypto expert, I must say that its constant change takes attention. Im often amazed by its possibilities.

As you said, keeping cash on hand is smart. I always promote liquidity! Its like having a secret weapon to seize great possibilities. Your balcony image resonates with me, and I support expansive views. I wish you success and admire your way. I agree: life is best observed from a wide balcony, soaking in all the details.

Wow!
I didn't know about this. I always thought the interest was purely the profit.
This means they only make a profit when there is no inflation or high inflation which is very rare.
This makes it even less compelling for common folks who want to invest because to them they've earned an interest meanwhile all they got is just the pre-inflation value of their money.


Then it's just the same thing as putting your money in a bank account. I don't know how things are in your country, but in mine, you don't earn any interest on the money in your bank account except if it's a "fixed deposit account" or a "time deposit account" where you agree not to touch the money for a specific period.

They claim to give interest if it's a savings account but they never do. Even if the money stays untouched for over 5 years in the account.

Altcoins profit is hige and also loss is huge but bank interest is fixt like 5-10% APR. but bank is safe Because it control a central bank and central bank controlled by government of each country. By investing in altcoins you can get very quick profits in a short period of time, but there is a high risk and huge amount of altcoins have been seen to be scams, so there is a fear of losing not only the loss but also the entire money. So if someone wants to invest in altcoin then they can keep 95% fund in bank and invest in altcoins like 5%.