Altcoins profits or bank profits, which best? - page 16.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: carlfebz2 on August 22, 2023, 03:40:30 PM

Quote from: Silberman on August 22, 2023, 03:19:49 PM

Quote from: Fredomago on August 19, 2023, 12:43:20 PM

Quote from: Silberman on August 18, 2023, 04:08:14 PM

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

I like that point as it's reality, when there's an opportunity for the bank to take a legal action not to let you withdraw you money they will surely push for it and will try everything to own your money, that's the risk and it can happen to anyone, banks knows how to play with the rules and with just a small idea that they will see or you gave them surely they will grab that and do everything in their power to avoid any possibilities for you to transfer your remaining balance.

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.

For years, the all-powerful monstrosities we call banks have benefited from our trust. People have been trained by these organizations to think of themselves as the safest option, and most people never question this conditioning. pathetic, yes?

They closely monitor each transaction, whether it is a deposit or a withdrawal, looking for anything out of the ordinary. Then why? due to their ability. It is the cost of being under their "secure" control.

For those with the insight to see it, Bitcoin offers an oasis. The insolence of banks to believe they can maintain their hegemony when the freedom of cryptocurrency is right in front of them! If only more people would emerge from their shells and grasp the enormous potential of Bitcoin and its siblings. Those in the know not only benefit financially but also have freedom that banks will never provide.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Silberman on August 22, 2023, 03:19:49 PM

Quote from: Fredomago on August 19, 2023, 12:43:20 PM

Quote from: Silberman on August 18, 2023, 04:08:14 PM

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

I like that point as it's reality, when there's an opportunity for the bank to take a legal action not to let you withdraw you money they will surely push for it and will try everything to own your money, that's the risk and it can happen to anyone, banks knows how to play with the rules and with just a small idea that they will see or you gave them surely they will grab that and do everything in their power to avoid any possibilities for you to transfer your remaining balance.

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.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Fredomago on August 19, 2023, 12:43:20 PM

Quote from: Silberman on August 18, 2023, 04:08:14 PM

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

I like that point as it's reality, when there's an opportunity for the bank to take a legal action not to let you withdraw you money they will surely push for it and will try everything to own your money, that's the risk and it can happen to anyone, banks knows how to play with the rules and with just a small idea that they will see or you gave them surely they will grab that and do everything in their power to avoid any possibilities for you to transfer your remaining balance.

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.

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

Higher risks, higher turns.
It's as simple as this. Maybe investing in banks is arguably safer than altcoins and the profits are obviously limited to that. But I can't say it will be 100% safe, because after all, there are risks. And don't forget to read the terms & conditions of investing in the bank. Then also pay attention to the admin fee every month, usually there will be a fee, right? Or is it not in the bank you mean?

For me, when I want to save money, I will prefer to invest in certain assets rather than saving at the bank. I've done it, but really not profitable, far from expectations.

Because of that I prefer other assets. One of them Bitcoins. Btw, why don't you just choose Bitcoin but altcoins? Because after all, Bitcoin may be arguably better especially for the long term than altcoins. But if it is altcoins, make sure it is an altcoins that can really survive, not hype, so the risk is not too high. One of the big downsides to altcoins is that if their prices continue to drop and they can't stay in the market, they will disappear from the market or be delisted, so it's the same as dead coins.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Silberman on August 18, 2023, 04:08:14 PM

Quote from: fzkto on August 17, 2023, 04:44:32 AM

The main difference between a bank and cryptocurrency is that in a bank, the money belongs to the bank, not to you. With cryptocurrency the situation is the opposite, your coins belong only to you. By the way, with a bank there can also be a risk, for example, bankruptcy. Not all countries have reliable banks. If you have extra money, it is probably better to buy cryptocurrency and forget about it for a few years. The profit can be much more than if you keep your money in the bank.

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

I like that point as it's reality, when there's an opportunity for the bank to take a legal action not to let you withdraw you money they will surely push for it and will try everything to own your money, that's the risk and it can happen to anyone, banks knows how to play with the rules and with just a small idea that they will see or you gave them surely they will grab that and do everything in their power to avoid any possibilities for you to transfer your remaining balance.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: fzkto on August 17, 2023, 04:44:32 AM

The main difference between a bank and cryptocurrency is that in a bank, the money belongs to the bank, not to you. With cryptocurrency the situation is the opposite, your coins belong only to you. By the way, with a bank there can also be a risk, for example, bankruptcy. Not all countries have reliable banks. If you have extra money, it is probably better to buy cryptocurrency and forget about it for a few years. The profit can be much more than if you keep your money in the bank.

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

koang

sr. member

Activity: 2422

Merit: 264

20BET - Premium Casino & Sportsbook

Quote from: Kelvinid on August 16, 2023, 07:09:29 AM

Getting into the chances that we can maximize our profit here in crypto compared to the fixed percentage in Banks, it was obvious that crypto is better. But if we are not knowledgeable in the crypto space, losses can be with you. If we think about security assurance that we can get this amount, banks can make it. But if we wanted to earn more, altcoins investment is the best choice. But I gonna tell you that crypto investment is too risky.
Now, it was you who could decide and think about where you fit in.

Well said...
Crypto is full of volatility and not for newcomers, But crypto can make money in the short move
When investing, it's essential to stay within our comfort zone. Remember, risk management is the name of the game.

fzkto

sr. member

Activity: 2282

Merit: 439

Cashback 15%

Quote from: jasonjm on August 15, 2023, 10:52:43 PM

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

Banks are comparatively a safer option compared to Cryptocurrency. Both investment options have their merits and demerits. The Banks are safer but the return on investment / Interest rate is somewhere between 5 to 10% (depending on the country). On the other hand, Cryptomarket is a bit risky but the return on investment is exceptional. It usually comes down to personal choice, that a person is willing to take risks or wanted to play safe.

The main difference between a bank and cryptocurrency is that in a bank, the money belongs to the bank, not to you. With cryptocurrency the situation is the opposite, your coins belong only to you. By the way, with a bank there can also be a risk, for example, bankruptcy. Not all countries have reliable banks. If you have extra money, it is probably better to buy cryptocurrency and forget about it for a few years. The profit can be much more than if you keep your money in the bank.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

Saving your money in banks are like letting your money sleep with minimal gains. If you want to increase your funds, banks are not the suited way to do it. Remember that every investment has risk but you can't gain anything if you do nothing. You'll never know what could be the result unless you try. Therefore if your goal is to be a huge gainer, you can't achieve that in banks. You need to come out in your comfort zone, gain knowledge, then after you learn invest based on your understanding.

Try to be a trader if it didn't work switch to being a long term investor. Yes it's risky and losing your money is inevitable sometimes if you made a wrong decision. But that's part of being a trader/investor and it takes a lot of guts. If you can't bear losing your money then refrain from investing. In the end it's up to us on what we think is the best decision to commit.

welshhana

newbie

Activity: 19

Merit: 0

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

The risk of investing in crypto is extremely high, make sure you are ready for that. No-one can guarantee that you invest in crypto and get profit. You may loose your money as well.
But with that risk you can also earn more, buy when market is bearish and sell when market is bullish

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: Kelvinid on August 16, 2023, 07:09:29 AM

Getting into the chances that we can maximize our profit here in crypto compared to the fixed percentage in Banks, it was obvious that crypto is better. But if we are not knowledgeable in the crypto space, losses can be with you. If we think about security assurance that we can get this amount, banks can make it. But if we wanted to earn more, altcoins investment is the best choice. But I gonna tell you that crypto investment is too risky.
Now, it was you who could decide and think about where you fit in.

the thing with investment that doesn't have fixed percentage is that, we could increase the profits significantly by having some strategy, its unlike banks where we could do nothing towards our investments but wait until it got liquidated.
we could quite literally make some moving around the investment for the sake of getting that additional profits, heck even spending some small amount of money to invest in some shitcoins for the sake
of having massive returns with just small money to start with, this is why nowadays altcoin investing are being liked a lot by many people because its just far better in terms of return.

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: avp2306 on August 16, 2023, 09:13:33 AM

Quote from: Xal0lex on August 13, 2023, 12:28:14 PM

What is the point of comparing high-risk investments and bank deposits? They are completely different ways of investing your money and completely different risks. As a rule, if you want a lot of money, then you need to take more risks, otherwise there is no other way. Bank deposits are more for preserving the value of your money, not for making money. Altcoin investments are used for getting rich quick, not for preserving the value of your money. I have never seen any altcoin investor who invested $100,000 in altcoins, then withdrew the same $100,000 after 3 years and was satisfied.

Maybe for profitability also for security that's why maybe he compare this. But just like what you said if you look at in investment point of view they are different since bank doesn't generate much profit and this is not intended for that matters if there intention is for savings. Also even if they avail those plans offered by bank still the comparison is different. Compare with altcoin where if they serious on investment and know where to put his money there's high chance that it will multiply as long as he know on what he do on his alts investments.

That's why you can't compare bank deposits and altcoin investments. There are completely different risks and completely different expected returns. I can say that as many times as the possible profit from altcoins compared to banks, the risk of a bank deposit is so many times less. If we talk about higher returns, it will always be accompanied by higher risk, because all cryptocurrencies are high-risk investments.

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: _BlackStar on August 15, 2023, 04:30:19 PM

Quote from: Xal0lex on August 15, 2023, 12:49:38 PM

I would prefer to look at the success of day traders based on their trading over the course of a day, week or month. I would look at their trading over the course of a year. Many are hopelessly losing their deposits by then, and indulge in past fleeting successes when they occasionally managed to win. Except that within a large period of time where failure prevails, some period of time where a trader was able to make money is perceived by many as skill, when in fact it was just luck.

Yes - it is luck, while some also attribute it to their skills.
Xal0lex - in the end we can't blame them and their trading plan despite everything you explained. Experienced traders should know when to enter and when to exit and close their positions - but this is difficult for beginners who are likely to trade only on luck and other people's opinions.

I do not recommend beginners trading with a day trading plan, but I do tend to recommend them investing and taking advantage of opportunities in the market to accumulate assets and hold them for the long term.

Everything you have said, I support. Let beginners learn trading and make their mistakes, which they can then convert into their valuable experience, this is normal for trading. In such situations, what surprises me the most is how such beginners, who were lucky enough to make some money in trading, then appear on the forum and promote their useless trading strategies and signals. People, having felt a fleeting taste of luck, start to imagine themselves as some kind of trading mentors and they think that they can teach someone something. But they themselves still have to learn and learn.

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: Xal0lex on August 13, 2023, 12:28:14 PM

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

What is the point of comparing high-risk investments and bank deposits? They are completely different ways of investing your money and completely different risks. As a rule, if you want a lot of money, then you need to take more risks, otherwise there is no other way. Bank deposits are more for preserving the value of your money, not for making money. Altcoin investments are used for getting rich quick, not for preserving the value of your money. I have never seen any altcoin investor who invested $100,000 in altcoins, then withdrew the same $100,000 after 3 years and was satisfied.

Maybe for profitability also for security that's why maybe he compare this. But just like what you said if you look at in investment point of view they are different since bank doesn't generate much profit and this is not intended for that matters if there intention is for savings. Also even if they avail those plans offered by bank still the comparison is different. Compare with altcoin where if they serious on investment and know where to put his money there's high chance that it will multiply as long as he know on what he do on his alts investments.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Getting into the chances that we can maximize our profit here in crypto compared to the fixed percentage in Banks, it was obvious that crypto is better. But if we are not knowledgeable in the crypto space, losses can be with you. If we think about security assurance that we can get this amount, banks can make it. But if we wanted to earn more, altcoins investment is the best choice. But I gonna tell you that crypto investment is too risky.
Now, it was you who could decide and think about where you fit in.

Farma

legendary

Activity: 2492

Merit: 1001

Leading Crypto Sports Betting & Casino Platform

Quote from: jasonjm on August 15, 2023, 10:52:43 PM

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

Banks are comparatively a safer option compared to Cryptocurrency. Both investment options have their merits and demerits. The Banks are safer but the return on investment / Interest rate is somewhere between 5 to 10% (depending on the country). On the other hand, Cryptomarket is a bit risky but the return on investment is exceptional. It usually comes down to personal choice, that a person is willing to take risks or wanted to play safe.

well, however, it's just a matter of profit and risk. at the bank, you can save while waiting for the percentage of interest that goes every year. however, I don't think it matters if your investment is small. in a bank, you need a big investment. whereas, in crypto, you can turn $100 into more in a short time, however, the risk of losing that amount in a short time is also quite large. So, it's just a matter of choice, but I think people will choose crypto when they feel that the money they have is not big enough to take advantage of interest on the bank.

jasonjm

hero member

Activity: 1288

Merit: 524

Buzz App - Spin wheel, farm rewards

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

Banks are comparatively a safer option compared to Cryptocurrency. Both investment options have their merits and demerits. The Banks are safer but the return on investment / Interest rate is somewhere between 5 to 10% (depending on the country). On the other hand, Cryptomarket is a bit risky but the return on investment is exceptional. It usually comes down to personal choice, that a person is willing to take risks or wanted to play safe.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: coin-investor on August 15, 2023, 05:54:00 PM

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

That's the point if you want more profit you must take a risk and when taking a risk you should have insight and knowledge on how to counter these risks, banks are for safekeeping the profit is very small because you don't have to do anything it's better to go for Crypto investment provided that you have both insight and knowledge and put in a bank whatever profit you gain for future use and for emergency use.
If you want to enjoy financial freedom you must have both, knowledge of investing and persistence in savings for the future.

If they can go hand in hand or simultaneously, either investing in a bank or in crypto will certainly be more profitable, because it must be admitted that so far both are equally good and are used according to different needs.Banks are needed for future preparations and sudden needs, even though it must be admitted that there is a small risk, but the results obtained are also not comparable to what is saved because, indeed, the Bank uses the funds it has saved to make a profit.Crypto takes time, which is not fast because it is indeed a long-term investment. Even though it is very tempting to receive the benefits, the risks that will occur are also quite high. Even if you miscalculate and are impatient, the worst can happen.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: Jocuserious on August 10, 2023, 11:47:05 AM

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).

That's the point if you want more profit you must take a risk and when taking a risk you should have insight and knowledge on how to counter these risks, banks are for safekeeping the profit is very small because you don't have to do anything it's better to go for Crypto investment provided that you have both insight and knowledge and put in a bank whatever profit you gain for future use and for emergency use.
If you want to enjoy financial freedom you must have both, knowledge of investing and persistence in savings for the future.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: Xal0lex on August 15, 2023, 12:49:38 PM

Quote from: _BlackStar on August 14, 2023, 12:58:21 PM

-snip-

I would prefer to look at the success of day traders based on their trading over the course of a day, week or month. I would look at their trading over the course of a year. Many are hopelessly losing their deposits by then, and indulge in past fleeting successes when they occasionally managed to win. Except that within a large period of time where failure prevails, some period of time where a trader was able to make money is perceived by many as skill, when in fact it was just luck.

Yes - it is luck, while some also attribute it to their skills.
Xal0lex - in the end we can't blame them and their trading plan despite everything you explained. Experienced traders should know when to enter and when to exit and close their positions - but this is difficult for beginners who are likely to trade only on luck and other people's opinions.

I do not recommend beginners trading with a day trading plan, but I do tend to recommend them investing and taking advantage of opportunities in the market to accumulate assets and hold them for the long term.

Topic: Altcoins profits or bank profits, which best? - page 16. (Read 2873 times)