Topic: Altcoins profits or bank profits, which best? - page 18. (Read 2873 times)

Same here.  At least in banks our money is at least secured and we know who to go after if there is something wrong that happens.  The fund is also insured unlike in altcoin which is prone to scams and rug pulls.  There are lots of incidents of rug pulls already and the hacking events where the money of the investors got drained and yet no one from the developer ever refunded those lost funds.

Don't rely on shady promises or believe that the bank investor's capital is completely safe when nothing is safe in this world. The Banks only provide a level of assurance that even if a bank fails, the investor's fund is safe
Have you heard about what happened in China where banks seized people's funds?
The increase in the number of banks that are bankrupt is alarming and it's a sign that things will be worse in the next few years.

I think you already know what the answer is, just based on the risk factors involved banks would be safer, and crypto would be riskier, in terms of the rewards they'd be the opposite, banks would be lower while crypto would reach sky-high levels if really lucky. There are other factors involved though, like inflation as others have said and in which case, doesn't affect crypto at all but at the same time, crypto is subjected to possible market manipulation attacks especially those that are relatively new (and at the same time, would probably have a greater risk-reward ratio).

To be honest, I personally would prefer to invest in cryptocurrencies, especially for some of the top coins that are considered worthy, especially in Bitcoin. Making deposits and saving at the bank might be a way too, but for me, this is not an option for me. Apart from the small number of profits, even though it has been for several years, saving in a bank also does not guarantee security. So, why don't we choose to invest in some things that are more profitable, right? Instead of saving money in the bank with little profit and also not guaranteeing our money is 100% safe.

Probably the country's economy is out of control and inflation is eating purchasing power from citizens in large scale, so banks offer high interest rates, although they don't mean too much on practice, as prices of goods and services must be rising much more than 8%-10% annually.

In every cases I wouldn't keep a large portion of my money in fiat or altcoins, because the first is unprofitable (even when invested at the bank) and the second is too risky (we never know if a determined altcoin will maintain its rank on crypto market from one bull run to another). I prefer to keep the investment in solid assets such as BTC or properties, as these have proved to be reliable ones along the time.

We cannot draw comparison between bank profits and Altcoin profits since these two are two different category as Bank interest rates don't surpass the inflation margin and returns are peanuts when compared with the profits one can achieve through Altcoin investment but one has to select the right altcoin and take considerable amount of risk. Usually those who go with bank are not the ones looking for huge ROI as they just try to preserve their asset and secure it for future wherein the ones invest in Altcoin are looking for a passive income or huge ROI with considerable amount of risk involved. These two shouldn't be compared.

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.

Even if you put a lot of money on the bank still you cannot really say that you gain profit even if they say you can get that 8% - 10% return per anum since you will also get hir by inflation. So with that nothing change and you are just wasting your time and money for letting it stuck in the bank, you just making those bank owners rich because they are the one who can maximize their profit using your own money.

That's why its better to go with altcoins since it can give you more decent income but be careful and always do your research knowing altcoin investment is very risky.

But I still prefer cryptocurrency investment because you are the manager of it. I don't like investing in banks because they give only a tip of a portion of whatever amount they are making by investing it in larger companies. Try taking a loan with banks and you will understand how much the interest will be. Imagine millions of people and big companies doing those loans. How much money they are making from those? Yet, they just give a little amount to those who put million of money in their accounts. For me, that's robbery. They don't even need their own funds to make the business work. They will just need another customer to put their money in the bank and they can have capital to give loans to people.

As each investment channel has its own benefits and risks, the volatility of crypto is one place that I think will attract many investors because of the opportunity for rapid financial change with small capital or is the playground of those who want to manipulate as well as invade market share. As for interest rates from banks, the sustainability as well as the risk guarantees make us somewhat more secure, but it does not mean that they cannot happen. The investment story should be viewed from the beginning, with a small or large capital to make a decision that is right for you, but which investment channel is better, I think it is a lame comparison in many places. perspective, the main problem is in our research and evaluation from the beginning.

Banks assure with fixed rate of interest. However this used to vary based on the economic situation. With altcoins the profitability varies and the risk is high. We need to be lucky to invest on the right altcoins, if not we could end up losing everything. With bitcoin the risk is low as it have proven record. With the top list of altcoins we can have trust, but there also we have risk. Just think of the Luna, to be on the safer side Bank is the right choice. For person who prefer taking risk altcoins were the right choice and it have got the ability to provide profit better than bitcoin.

bank investments only good if you don't really wanna lose your money, otherwise its not really good option if you want to be rich quick.
the thing with bank investments you just get rather stagnant profit, its always that fixed annual rate, you could already projected the money that you can get in the future.
how much profit will be generated, honestly you could simply judge it from that.
if you think that small amount of interest is sufficient for your needs, you can stick with bank investment otherwise if you are seeking to be rich here, maybe change your mind in the future.

If you want a definite profit that you have nothing to worry about, you will put it in the bank even though it is low per annum every year it is if you trust the bank. But if that is just that much of his annum, I would rather have a risk to cryptocurrency and at least high chances that my capital will earn or grow, though knowing that it has a risk. Then I also know that most of the communities here in the crypto space will do the same because it is somehow.

well, those are the ups and downs of both. when there are advantages, there will be disadvantages. so many people choose to save their money in the bank to get that advantage. mostly, in investment books, taking advantage of bank interest is also one of the things recommended. it's just that, the turnaround in profits is very slow. this can be felt its benefits only when we save large amounts of money. Meanwhile, investing in altcoins has a faster increasing profit, it's just that the risks faced are greater. this can even make the investment value you have reduced in a short time.
However, people choose this type of investment depending on their situation. personally at the moment I am still focusing on altcoins rather than banks.

Bank? Giving 8-10% annual profits? Which country are you living in right now? I might transfer to that country because here, the banks are giving at most 1% only.
Kidding aside, I don't think that banks are giving that high amount of interest towards their depositors/investors. If you bought their stock then maybe it can give you 8-10% annual profit depending on the bank, and other factors, but if you are pertaining to banks giving 8-10% to those depositors who are depositing money to them then something's wrong with you OP because I don't think that they are giving that high.

Constant profits from crypto? Who said to you that profits in cryptocurrencies are constant? You mean they are winning all the time, and aren't losing? Even the most expert traders are experiencing losses in their trades as well. Do you know what you're saying OP? Both are misleading, and wrong IMO. Correct me, but no banks are giving 8-10% annual interest to their depositors, and yes your might be safe there, but it isn't safe in inflation. On the other hand, constant profits in crypto is almost impossible unless you're a long term holder, and you are only selling once every few years.

Crypto investment are riskier than investing into banks, but that's what makes crypto so exciting. Higher risk, higher reward, and who doesn't need money nowadays? Some are willing to risk everything just to get those profits.

bank investment are just a way to counter the inflation even then, majority of the interests offered not even surpassing the inflation instead its below the inflation if you think you are investing with bank deposits and the like then i guess you're wrong.
what does 2% per year amounts to like mentioned by some people above, quite literally nothing. with altcoins you can at least get more than 50% profit everytime there's a bullrun which definitely gonna take you ages if you just try to deposits your money in bank but most certainly it depends on your preferences.
its just overall, not really that much profit you can get from just deposits even i think many stocks investors out there considers these rates to be somewhat miniscule.

What kind of bank investment are you talking here? Because in my country they can only offer a maximum of 2% per annum or lower on your savings account and if this is stocks, there's no assurance for 8%-10% annual profit. Banks will never give such huge profit in my country, they control the people and this is why its better to take the risk on investing with crypto instead of just putting your money on a bank and let them sleep there. The risk with crypto is there as well, you just have to choose the best investment for you.

Two wildly different investments.  When you trade crypto, especially altcoins ypu can lose your money in an instant.  Playing it safe with banks won't net you the upside but the downward risk is much less as well.  Trading altcoins should only be done with money you are willing to lose just like with gambling.

I do not know where you live that a bank is willing to give that amount to their clients, but if this is true be very careful as there should be something wrong with the economy or the bank itself for such a high interest rate to be given, most banks give way less than that and when you consider that inflation is many times higher than what you are given you will eventually realize you are not getting profits but instead you are just losing purchasing power slightly slower, now altcoins are not perfect either as that term includes tens of thousands of project, with some being good and the rest being absolutely terrible, so unless you are talking about the best altcoins there are I would avoid those two options as neither of them are good enough.

Not so because banks in my country always have fixed and annualized interest rates. Moreover the profits margin is increased every year and there is no direction to reduce it. I think you are spreading TFS advertising? Also promoting a death token which in my opinion is dangerous to invest in.