The thing is, bank investment requires a big amount of investment before you can make a good profit for it.
If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment. Plus the fact that inflation will most likely reduce the value of the money. There is almost no way the things that $100 can afford at the beginning of the year will be able to afford those same things at the end of the year.
On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.
Topic: Altcoins profits or bank profits, which best? - page 15. (Read 2879 times)
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In a bad situation, this is possible to control losses in terms of business. Banks have that capabilities adjust and limit your withdrawal to avoid damages in terms of managing their finances, plus the fact that inflation really hurt the value of your save money. Though risk is lesser if you are not knowledgeable in terms of investment, crypto value on the other side is like a 2 bladed sword where chances to earn huge is possible same with losing huge if you don't know how to manage your investment.
Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.
But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt.In a bad situation, this is possible to control losses in terms of business. Banks have that capabilities adjust and limit your withdrawal to avoid damages in terms of managing their finances, plus the fact that inflation really hurt the value of your save money. Though risk is lesser if you are not knowledgeable in terms of investment, crypto value on the other side is like a 2 bladed sword where chances to earn huge is possible same with losing huge if you don't know how to manage your investment.
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
Small annual profit around 8%-10% when depositing money in the bank but there are not risk, but when try experienced investing in altcoin have tow result later will increasing profit up 50%-100% without waiting annual year like in Bank deposit and we will loss all our capital because bigger risk with altcoin price drop or delisting on exchange market. Not recommended with saving money use for investing in cryptocurrency because there are not place promising for profitable. On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you have side income is not matter use for investing in altcoin than hold it as Bank deposit with current annual reward 8%-10% than altcoin has possibilities with profitable earn 10% in one day. But always bigger risk waiting for and its why not recommended investing from saving money.
Crypto profits all the way. Not only will you profit, you do get some rewards maybe for participating in one challenge to another like the PnL trading and other possible tasks that judiciously would give you so much profit
What you mentioned here can be different for each person. Because not everyone can earn profit by investing in alternative coins. Because this requires knowledge as well as skill, without which it is not possible to earn profit by trading in alternative coins. Investing in such public alternative coins would be extremely risky. In my opinion, it is better not to do it. It is better to keep their money in the bank. On the other hand those who know about trading can handle professional trading, be it Alternative Point or Bitcoin.
Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.
But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt.Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.
But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt. Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
Depends from the knowledge too, if the person knows the potentials and knows how to handle the risk even he got that amount he will still take that risk since he is well-aware about the system, though you said it right it's a common principle to be care about your money and for most conventional trader or investor they will choose to have a small benefits with lesser risk compared to big potential profits but the risk to do have the same level of potential losing your money.
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
We can make a lot of profits from the market if we know what we are doing but the bank can never give us a reasonable profits because what they care about is to give us interest which is not as profitable to pay our bills. Altcoins profits only especially when we had invested huge in the project cam give us a huge profit that cam change our life. Projects like pepe have giving her investors a lot of profits that what a regular bank interest can give us. There is so much profits in Bitcoin investment.
You are actually one sided, obviously because you are into crypto, but let me tell you this ; not every person in the world have the same risk appetite as we are here in this community and not everyone is interested when they learn how risky it is to invest in altcoin than with bitcoin or with banks. Some people may prefer saving their money in the banks as it will make them comfortable knowing that their money is free from high volatility. One of the major disadvantages about investing your money or saving it in a bank is that, it will only gain a few percentage annually but inflation will most probably going eat it all u, thus causing your money to have almost the same purchasing power when your first put it in the bank. Crypto is far more riskier, but would give you great profit if you have enough knowledge how to manage your portfolio, diversify your investments and knowledge when to buy and sell.
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you prefer a leisurely approach and have ample funds but little inclination for activity, a bank could be your choice. However, it's worth noting that banks aren't entirely secure either. There's a slight chance they could go bankrupt, resulting in potential loss of your capital, although such instances are rare. On the contrary, generating income through altcoin trading is more intricate and carries greater complexity. The possibility of losing your entire investment exists, requiring a strong grasp of crypto trading for profitable outcomes. In truth, all investments involve some level of risk, necessitating caution regardless of the path you take. Higher risks can yield substantial gains but also pose the danger of complete loss.
that is true, it depends on what kind of person you are and how much time you can allot to look at alts. because investing in alts would take you a lot of time, just by assessing their potential alone. whereas, if you have no time, you can always put your money in the bank, but don't expect that it will gain interest because it is not. they are more on just the safe keeping of your funds.
Unfortunately most people need to experiment things themselves to understand their lesson, I look at banks and the way the economy works and I can tell it cannot work forever, at some point it will collapse, now I do not know when it will happen and I do not even know if I will be alive when that happens, but if it does I will be ready for it, but the rest of the people will only believe this is possible once it has happened, and once that is the case there is nothing to do except to calculate the losses in which they have incurred already.
Majority of the people are taught to store their money on the bank because of safety and of course the small profit that they can get from storing their money. It's just bank are being taught on basic grades and crypto was never or rarely taught on basic education and people will obviously choose a the most familiar way they can store their money but yeah as humanity evolved, cryptocurrency has been born and it's obvious that crypto has a greater perks in terms of safety and possible profit you can get from storing your money in it. I have a bad experience on certain local banks in my area and that made me realize that it is way better to store my money on cryptocurrency because I have the real freedom but I can't let go of the convenience that bank gives that's why I decided to still have some money on my bank but not really to the point that I will get a lot of hassle if I experience some kind of problem in it. It is just enough to maximize the convinience of banks.
If you prefer a leisurely approach and have ample funds but little inclination for activity, a bank could be your choice. However, it's worth noting that banks aren't entirely secure either. There's a slight chance they could go bankrupt, resulting in potential loss of your capital, although such instances are rare. On the contrary, generating income through altcoin trading is more intricate and carries greater complexity. The possibility of losing your entire investment exists, requiring a strong grasp of crypto trading for profitable outcomes. In truth, all investments involve some level of risk, necessitating caution regardless of the path you take. Higher risks can yield substantial gains but also pose the danger of complete loss.
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Thats what sucks about banks but still people do stick out into these institutions on saving up their money and storing it out which its definitely true on what would be the potential things that you might be able to encounter knowing that they do really have that full control of your funds + you are really that been traced if ever there would be some huge deposits or even withdrawals which it could ring out some bells and ask
for some verification on where these funds came from or whats the reason of such withdrawal. This is why it do really sucks when you are really that heavily been relying with these institutions but surprisingly
to those people who are aware about these shitty stuffs of banks but still do heavily trust them up. Cant really be able to blame though knowing that sticking with something been that regulated and been relied
through ages then its not a surprise that they would really be sticking to that.
To those people who are fully aware about Bitcoins or cryptos existence then they are the ones who would really be that taking out advantage with those benefits not only on money making or income
opportunity but totally into its utility.
I have a bad experience on certain local banks in my area and that made me realize that it is way better to store my money on cryptocurrency because I have the real freedom but I can't let go of the convenience that bank gives that's why I decided to still have some money on my bank but not really to the point that I will get a lot of hassle if I experience some kind of problem in it. It is just enough to maximize the convinience of banks.
It is even worse than that, banks do not play by the rules, they make the rules, as the proverb says ‘Permit me to issue and control the money of a nation and I care not who makes its laws’ this is why when the economy of a country does badly the first thing banks do is to limit the amount of money you can withdraw from them in order to avoid a bank run, and they do this because they do not have the money that you deposited with them due to their use of fractional reserve banking, yet another instance in which they treat your money as if it was theirs.
Thats what sucks about banks but still people do stick out into these institutions on saving up their money and storing it out which its definitely true on what would be the potential things that you might be able to encounter knowing that they do really have that full control of your funds + you are really that been traced if ever there would be some huge deposits or even withdrawals which it could ring out some bells and ask
for some verification on where these funds came from or whats the reason of such withdrawal. This is why it do really sucks when you are really that heavily been relying with these institutions but surprisingly
to those people who are aware about these shitty stuffs of banks but still do heavily trust them up. Cant really be able to blame though knowing that sticking with something been that regulated and been relied
through ages then its not a surprise that they would really be sticking to that.
To those people who are fully aware about Bitcoins or cryptos existence then they are the ones who would really be that taking out advantage with those benefits not only on money making or income
opportunity but totally into its utility.
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
Yes, investing in altcoins is risky because its market is highly volatile and affected by events and news, but its profits are better than the very meager profits of banks. Prominent businessmen, influencers, companies, etc., have invested in altcoins, and there are millions of investors interested in investing in altcoins around the world because they believe that it is an undisputed profitable investment despite its sharp fluctuations. Experiences, skills, and patience may reduce the severity of risks and make the investor avoid any heavy losses. And even banks have risks as well. Banks can go bankrupt due to the economic and regulatory conditions in the country, and they can impose sterile conditions and fees that make it difficult for customers to access money. For me, I can use banks to keep some of my money safe, but banks to be a source to make profits is not a feasible idea. On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
We can make a lot of profits from the market if we know what we are doing but the bank can never give us a reasonable profits because what they care about is to give us interest which is not as profitable to pay our bills. Altcoins profits only especially when we had invested huge in the project cam give us a huge profit that cam change our life. Projects like pepe have giving her investors a lot of profits that what a regular bank interest can give us. There is so much profits in Bitcoin investment.
Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.
On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
Still hard to be said as instant profits when you trade, you don't just get there easily even you've been experienced. One can be a trader and an investor but it's more that are going with the investor's path because it's easier and less stress.On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).
If you've got a lot of cash as well and you like the traditional investments, the banks are good for you and they're safer. But with things circling around with some banks in other countries like Lebanon wherein they won't allow you to get your money bank as instructed by their government.
You may come to think of that possible scenario based on the situation of your country's economy and policies.
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