Topic: Altcoins profits or bank profits, which best? - page 4. (Read 2879 times)

If you have a lot of money, then it is better to put it in the bank and get a stable income. And if there is little money and the interest on the bank deposit is scanty, then I would advise investing in altcoins, preferably in the top 10. But you may have to wait for years for the altcoin to grow, so you need to invest at the beginning of a bullish trend.

Everyone has to lose money or lose money if they don't invest in the right currency. But I think people who invest in shit coins instead of keeping money in bank are doing very wrong because it is much safer to keep money in bank instead of investing money in shit coin.

There are many potential coins among alt coins and if we invest in those coins instead of keeping money in the bank we can earn a lot of profit. Instead of keeping our money in the bank, if we invest BNB Ethereum Lite Coins in these coins and keep them for a long time, then we can earn more profit from these coins than the bank.

The risk of losing money in altcoins is high only if one is attracted of investing in money in shitcoins. Their are good valuable coin that I think if one should invest in it will bring more profit than leaving the money in the bank.  But instead of going for shitcoins it will be better for the money to be in the bank even if it will lose value but investing in shit coin can be an easy way of all the money. What is important is investing in the right coin.

The post rightly highlights the contrasting nature of returns between traditional bank investments and crypto ventures, shedding light on the trade-offs between certainty and potential profits. Bank investments are synonymous with capital safety, providing a secure haven for funds. However, this safety net comes at the cost of relatively lower annual profits, typically in the range of 8-10%.

Crypto, on the other hand, offers a dynamic landscape where returns can be more substantial, particularly for adept traders who can capitalize on daily market fluctuations. The potential for constant profits in crypto is evident, whether through active trading or long-term investments. Nevertheless, the critical caveat is the heightened risk associated with crypto investments.

The cryptocurrency market's volatility introduces a level of uncertainty that surpasses traditional banking instruments. While the returns can be lucrative, the potential for capital loss is equally significant. This risk-reward dynamic becomes the focal point for investors, necessitating a thorough understanding of market dynamics, risk management strategies, and a recognition that higher potential profits come hand in hand with increased exposure to market fluctuations. As the crypto space continues to evolve, investors must weigh these factors judiciously to make informed decisions aligning with their risk tolerance and financial goals.

Don't freeze your savings until you are not doing any illegal activity with them or you have opened a fixed deposit account. Investing in crypto is better than keeping money in bank due to crypto's upside potential to raise in value is greater than that of the bank. Also many investors don't want to keep in mind that their money can be totally worthless if they invest it in the wrong project. Also hacking and scamming activity can happen with your crypto funds.

This is true and that's why they're giving that small return to their depositors because they're not obliged to give them as much profit as they make from their customers money. That's their business model and people do understand it and the return to them is about putting their money in the vault and at the same time, they will have all the means to spend that money to loan it to the other corporations and customers that are part of the cycle.

They make a lot of money from it but compare how much they give in return to their customers. But if you're a person that can't deal with a lot of risk then that means that's your choice and that's to keep your money in the bank. While for altcoin investing, why not go into bitcoin investing instead? There are a lot of promises that people will make money in the altcoins but at what cost? Many became lucky and happy with it but for the new ones, it's advisable to study first and maybe you're a conservative investor that you might not take the volatility of it.

This two is highly incomparable. Altcoin profit may be so mad that can turn you from no one to somebody. Although they are also risky but if one is lucky to jam a profitable one, you will be grateful for life. Do you call that pea nut bank gives a profit. Bank are just there to use your money since you don't know the value of the money in business.

I prefer profit from altcoins, the profit in the bank is very meager. I would say that when you put money in a bank expecting a profit, it is tantamount to freezing the money. Money doesn’t work well there, although of course there are more guarantees than in cryptocurrency.

In this case, the analogue of banks in the crypto community are liquidity pools and liquid staking protocols (Lido, ether.fi, AAVE). In the same way, you staking your funds at a fixed interest rate. Only trading can bring significant income and, of course, losses too. As for the problem with trust in crypto, this is some of our conservatism - there is not much trust in something that cannot be touched. But fiat banks also go bankrupt, we must not forget about this.

As long as it's profitable with good management, it doesn't matter whether it's a bank or crypto investment. At that time, if I had a lot of money, I would also want to put the money into bank deposits and crypto investments. In general, bank deposits have almost clear income every month without thinking about risk anymore. For crypto, we must be prepared for the risks that will occur from falling altcoin prices, or a long bear season

Crypto currency don't put your money in any risk. You should be able to identify the type of coin you want to put your money into. Bitcoin is cryptocurrency another currency is an alternative to bitcoin so don't judge investment in cryptocurrency as alt or shit coin. But see crypto investment as Bitcoin and nothing more. When you have this mindset I have told you, you will make a big difference in the crypto space.

But i think investing from altcoins is always best because there is no fixed percentage of profits so the amount of profit from altcoins is enough to make you rich. Moreover if you keep the money in the bank the percentage of profit calculated for a certain period will be much less. But if your capital amount is big then it is better to keep it in the bank because there is more security of your money and more profits.

If you invest, your chances of loss and profit will be equal, why not stay in the token and you will keep the investment, but if you make a profit, you will reduce the chance of profit.  But above, if you keep your savings in the bank, then you will give percentage on that money, like ten percent from your side or persen, in that case, you are getting a profit in a year, but if you invest in Ulta, you will get cash profit.  But I believe that if you understand well, then you will not invest your money.

Altcoin investment and keeping money in the bank depends mainly on inflation, if you keep money in the bank and if the inflation is high, it will not be profitable to keep the money in the bank. Investing in altcoins is very risky especially if you fail to invest in the right altcoins there is more chance of loss than profit.

I agree with your statement above, deposits have their own advantages, but in this case the rate may be small. Now. If we want to turn that money now into crypto I'm sure we will have good returns.

In terms of time, deposits are also tied to time and if we compare the duration of our time, for example, if we deposit our money in a bank for 1 year, there may be a comparison of the profits that will be achieved and it could be very profitable in crypto in the future, but it all comes back to the respective users.

Banks can make money by making deposits but with small interest. If you have a lot of money and put it into a bank deposit, your profits will be big and your money will be safe. that's the only benefit we can get. the right choice wants big profits only crypto investment. it's just that it's not easy to invest in crypto and you need material

Isn't getting a yield on your savings a kind of investment? Some people think that only buying something and making a profit after a time is considered an investment but the primary goal of investment is earning profit so if you are getting that by saving that is also some kind of investment. The downside of bank investment is that your principal value will not increase in value On the contrary, every day it's losing its value. But in crypto your principal can also grow at the same time when you are getting a yield on top of your principal amounts.

banks are not places for investment but banks are for saving.
yes obviously if for altcoin investment it is better. because the return or interest in the bank is very small and of course the interest is still below the inflation rate in your country. so if the bank is used for investment purposes it is certainly the wrong place.

And this is reality, in most cases conservative investor use bank investment and let that small growth for their money knowing that the money is safe though there's exemption in terms of unexpected events, but most of the time, security is the big reason why conservaive investors use bank and let the money reside inside to earn some small amount from APY.

But, if you are a type of investor where you can handle the risk, taking altcoin for your investment will make you earn decently, but like what you said, the risk of losing your capital is very high, we can't predict what will be the fate of your investment as there are so many factors that may affect the future of your position before you can see the actual outcome.

Banks don't really give you profits if we include inflation as a variable in looking at profits. In my country inflation has increased by around 5-10% which means that if you save money in the bank it will not give you a return but only protect the current value of your money. And that is indeed much better than saving in your personal safe because the value of your money will continue to decrease.

Investing in crypto is much more profitable in my opinion. Especially if you diversify. I see some cryptos can provide profits of up to 20% per year. If you are not sure about the fixed rate, you can trade and take a profit of around 10% and then invest in other crypto assets.