I think altcoins profits are good for me because i have no lot of capital to invest in bank. I get profit from crypto market with less money and my risk is less now because I have researched more about crypto market. Moreover crypto investing has freed me and allowed me to tailor my investment to my own situation. Otherwise no specific capital is required to invest in crypto, but the bank needs a certain amount of capital to make a profits.
Never assume that the risk has gone down due to your actions, the risk and reward are for the most part correlated, so the greater the risk the greater the reward, it is a good thing that you have researched this market but the risk remains the same, you just got better at spotting it and at avoiding it, but if for some reason you were unable to do those two things then you will suffer the same fate as any newbie that came to this market, so be very careful as no one is infallible and they are bound to make mistakes given enough time and opportunities to do so. 
Topic: Altcoins profits or bank profits, which best? - page 17. (Read 2873 times)
There is no faster way to lose money in cryptocurrency than doing day trading. It's not a way to make money for most people, it's a way to drain your deposit. You may be lucky today, tomorrow, the day after tomorrow, and in a week you will turn into a perpetual investor who bought badly and now has to sit in a losing trade for a long time. There is another way, to sell at stop loss, but it often turns out that closing a trade at stop loss eats up not only everything you have traded before, but also part of your deposit.
Even professional traders would experience something similar if they were day traders - so in conclusion I totally agree with you, Xal0lex.The most frequent thing in most cases of day trading is; traders are unable to control emotions and psychological stress. Of course it will make it more difficult for traders to achieve maximum profit so they often have to come out with losses due to not being able to maintain a trading plan. Although some traders are able to make profits on day trading - but I believe in most cases they also suffer unwanted losses due to the volatility of the market.
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.
I think altcoins profits are good for me because i have no lot of capital to invest in bank. I get profit from crypto market with less money and my risk is less now because I have researched more about crypto market. Moreover crypto investing has freed me and allowed me to tailor my investment to my own situation. Otherwise no specific capital is required to invest in crypto, but the bank needs a certain amount of capital to make a profits.
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There is no faster way to lose money in cryptocurrency than doing day trading. It's not a way to make money for most people, it's a way to drain your deposit. You may be lucky today, tomorrow, the day after tomorrow, and in a week you will turn into a perpetual investor who bought badly and now has to sit in a losing trade for a long time. There is another way, to sell at stop loss, but it often turns out that closing a trade at stop loss eats up not only everything you have traded before, but also part of your deposit.The most frequent thing in most cases of day trading is; traders are unable to control emotions and psychological stress. Of course it will make it more difficult for traders to achieve maximum profit so they often have to come out with losses due to not being able to maintain a trading plan. Although some traders are able to make profits on day trading - but I believe in most cases they also suffer unwanted losses due to the volatility of the market.
Day trading in crypto may give you daily profits but not everyone is a day trader.
There is no faster way to lose money in cryptocurrency than doing day trading. It's not a way to make money for most people, it's a way to drain your deposit. You may be lucky today, tomorrow, the day after tomorrow, and in a week you will turn into a perpetual investor who bought badly and now has to sit in a losing trade for a long time. There is another way, to sell at stop loss, but it often turns out that closing a trade at stop loss eats up not only everything you have traded before, but also part of your deposit.
This depends on the investor some investors are unafraid of taking risks, while others prefer a more cautious approach. Distinguishing between these two is not a significant matter. Those who are averse to risk may opt for earning interest from banks, whereas risk-takers prefer to invest and grow their wealth. Additionally, every investor is not inclined to engage in trading or investing in the crypto market's level of volatility.
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).
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).
Bank profits is useless because they have a limited amount that only be insured and the rest of the balnce goes beyond that insured amount is at greater risk compared on altcoin investments which you have the full control of your money.
Cryptocurrency is surely risky if you will do day trade or risky trade from leverage trading but there’s a DeFi that gives you a better APY compared to bank without exposing on a high volatility risk. I believe only few banks offr 8-10% interest per annum because most of them can give 5% max. A bank offering 8-10% annual profit surely just do it for a limited time. Go for it if they can offer 10% top.
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).
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).
In this case, you should learn how to take advantage of two ways to earn in crypto like for example when you get a decent amount of earnings from daily trading, you can put some small amounts in some good projects that you think will become a phenomenon in the next years to come and also if you want to be safely investing your little amount of money or capital, you can just simply buy bitcoins and hold it for long term or until a new ATH will arrived that will make your capitals grow and multiply.
Both are good if you can afford. Altcoins mostly don't pay you an interest and most of the investment are long term specially till a bull run. The profit targets are huge. Bank interest don't make you rich, sometimes they even are a loss due to inflation. But there are a good option for saving as its easier to withdraw when you need it. That's why saving means bank to me while investment means crypto. Trading is an another league and they are in comparison to banks.
People who save their money in the bank had never thought if they can get an additional income but what is in their mind is that they are safe. But if you are a risk taker or like we say if you have a mindset as an investor, I was certain that you will never let your money just sleep instead, we look for an opportunity to grow more than what the bank can offer to us.Crypto investment is really too risky and so some people can't afford it but if we ask which is more profitable, I would crypto 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).
Banks will only give small interest even with a reasonable deposit monthly though funds is safe, however investing in Altcoin that suddenly gain a massive pump in it price will yield multiple profit for instance when XRP recently won a case against SEC there was a massive pump in it price I am very sure investors in that Altcoin will earn some massive profit after that Judgement compare to saving the money in a bank, though alot of research has to be done by an Altcoin investor to avoid investing in wrong coin because of risk involved in crypto CoinMarketCap is a very helpful tool to determine the potential Altcoins that worth investing on. 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).
For me this is very subjective and they are two different things. The point is that at the Bank we will get a fixed passive profit, for example your deposit gives you 8-10% interest a year. In contrast to cryptocurrencies which are like investment instruments where you can get profit or risk losing your money.
That's right whatever happens you will take that APY while with crypto investment there's no assurance though if you choose the right asset to invest your money the amount that you may take is far higher than what you can get from the bank, it's need to understood well before taking any investment especially with alt coin market, there are many potential if you are aiming to take the risk, the more you understand the business the better chance that you may select good and strong alts to invest your money.More on studying and doing your research before taking any steps in choosing where to place 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).
It really depends on the person because not all people want to take a risk like we know in investing in altcoins because there are a lot of risks because of volatility, and there are also people who want a safe one like in the banks, and it doesn't matter to them if it is just a low profit or a sure profit. But right now, most of the people here want to take the risk because we know that no risk means no profit, which is why they are just investing what they can afford to lose, and if that investment is successful, it will save you time than investing in a bank. 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).
Both have advantages and disadvantages, especially when it comes to profits. But all of that must be supported by habit and ease of doing it, and if you keep a large amount of your finances in the bank, the risk is very small, and you will get an annual profit of 8% -10% depending on how much money you put in the bank.
And if you want to invest in crypto and as everyone knows investing in crypto is high risk. However, from a profit standpoint, it can also be huge, especially over the long term, and it also depends on the coin you choose to invest in.
And for crypto trading, I can't guarantee any profit for crypto trading methods. Because crypto trading requires enough skills to generate profits either in the near future or daily profits. And it all depends on knowledge and expertise and comfort in doing it.
And if you want to invest in crypto and as everyone knows investing in crypto is high risk. However, from a profit standpoint, it can also be huge, especially over the long term, and it also depends on the coin you choose to invest in.
And for crypto trading, I can't guarantee any profit for crypto trading methods. Because crypto trading requires enough skills to generate profits either in the near future or daily profits. And it all depends on knowledge and expertise and comfort in doing it.
For me this is very subjective and they are two different things. The point is that at the Bank we will get a fixed passive profit, for example your deposit gives you 8-10% interest a year. In contrast to cryptocurrencies which are like investment instruments where you can get profit or risk losing your money.
I think this is an unfair comparison. We should compare crypto to stocks, not to simple saving bank accounts.
For me this is very subjective and they are two different things. The point is that at the Bank we will get a fixed passive profit, for example your deposit gives you 8-10% interest a year. In contrast to cryptocurrencies which are like investment instruments where you can get profit or risk losing your money.
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).
Investing in crypto should be done with a money set aside, money that is not meant to be depend on for daily expenses.
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).
Day trading in crypto may give you daily profits but not everyone is a day trader. There are many who are only trading long term and for them possible bank investment is a good asset allocation from their total portfolio. Crypto investment has its risks but switching to bitcoin as the maximum and keeping it limited to long term trading can minimize risks. 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).
It's not that any investment is safe, but choosing your risk appetite based on your previous experience is important. Most of the people here would like a huge return for very low risk, but that not logically possible unless it's a scam.
Both are good if you can afford. Altcoins mostly don't pay you an interest and most of the investment are long term specially till a bull run. The profit targets are huge. Bank interest don't make you rich, sometimes they even are a loss due to inflation. But there are a good option for saving as its easier to withdraw when you need it. That's why saving means bank to me while investment means crypto. Trading is an another league and they are in comparison to banks.
The accepted paradigm is that the higher the risks the higher is the reward. So in case anyone is looking for safer investment options then he should not be expecting high ROI but then you can be sure that your capital will not just go away in an instant like magic. On other end, we can see the big potential of cryptocurrency - most especially trading - to be creating a daily ROI which can surpass one can get somewhere else most especially established financial institutions. We must always remember though that one has to learn and one has to pay the "tuition" here before one can be called as a professional trader.
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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 problem here is you can't get the "constant" you are saying here. Even though experienced trading is having difficult maintaining constant profits, it's still risky.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).
But if you want to become positive, you just need to focus and learn everything until you become a profitable trader.
Storing your money in the bank is different from using it on trading or investing.
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