Altcoins profits or bank profits, which best? - page 7.

MiF

sr. member

Activity: 1344

Merit: 258

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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).

Well you are right,investing in altcoins can give us big profit if we can select the good altcoins and hold till the time comes that its price will rise 10x from its original price, but the risk is very big because its not stable it can also dump anytime so our problem on investing altcoins is the risk and the unstable market conditions.

gabbie2010

sr. member

Activity: 2590

Merit: 322

SOL.BIOKRIPT.COM

Quote from: strunberg on December 10, 2023, 06:37:56 AM

You can comfortably store your money in the bank, it's not as risky as saving it in altcoins. But the problem is that high inflation can cause the value of your money to fall every year, unless you save it in dollars or yuan which currently dominate the world economy. If we talk about profits then of course altcoins are more profitable because you can even expect an increase of up to 20% in a year.

In some countries a non recapitalize bank can get liquidated thus putting their customers funds at risk though it's not very common even though if the bank is secure the monthly or annual interest rate is usually less compared with investing in a credible and trusted altcoins infact investment in altcoins like SOL, DOT, LINK etc would pump 3x, 4x etc to earn reasonable profit compared to savings the same fund in the bank, I think investors who have no trust in altcoin prefers saving there money in a bank while almost all crypto enthusiast would prefer investing their money in altcoins.

Kelward

sr. member

Activity: 420

Merit: 273

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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 depends on an individual's choice, some might want to keep their money in a bank's fixed deposit, and have peace of mind that their money is in a safe place where, at the end of the agreed time, your money and the profit will also be paid as agreed, on the other hand if you invest your money in an altcoin, there's no agreement that your money will remain, it can pump and you'll make massive profits or it can dump and you wouldn't make profit, or worse it can diminish and your capital will be lost.

Bank investment gives a far lesser profit but it's safer, while altcoins investment gives far more profit but it's riskier, so every individual must decide for themselves. For me I'll choose altcoin investment but under one condition that it has to be a top altcoin that has been tested in the cryptocurrency market that it's not a shitcoin, definitely not a new hyped project. Personally I'd rather go for bank long term investment with a small profit than settle for a new altcoin, for long term investment, because it might not survive for that long.

GeorgeJohn

hero member

Activity: 1400

Merit: 655

Bitcoin is achievement

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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).

Their is no comparison between banking system kind of investment which always be a fixed deposit and cryptocurrency investment, a cryptocurrency trading and investment is quite far better than banking system, so therefore I would prefer investing with bitcoin than investing with bank, one major reasons while I prefer bitcoin is that either you trade or you venture into long duration of investment, you don't have a third party for the investment whereas banking kind of investment someone else is monitoring the investment for you and before you make a withdrawal you pass many processes before you withdraw your money, but in cryptocurrency you make a withdrawal anytime you like withdrawing your funds, so cryptocurrency is far better than bank fiat investment

Out of mind

full member

Activity: 448

Merit: 216

I like to treat everyone as a friend 🔹

When a person saves from his source of income and deposits in the bank, his annual income is less. But when he deposits his money in that bank, even if it is a small amount, his profit will come but if it remains free. Whenever you plan to invest and trade in major cryptocurrencies without keeping money in the bank, you are likely to lose money. Although we know that investing in crypto is more profitable and gives more profit than keeping money in the bank, but it is the highest risk. So I think trading and not investing in sheet coins is the best thing to do but investing in bitcoins is a different matter and not too risky.

irhact

hero member

Activity: 616

Merit: 749

Quote from: radjie on December 26, 2023, 10:04:42 AM

Investing in crypto is not widely known by the general public, but when compared to investing in banks, of course crypto has its own advantages, the profits can be many times greater but commensurate with the risks. Banks have a set profit every year for their customers, in my opinion the option to invest in a bank is a second choice besides investing in Bitcoin

Investing in altcoins is better than investing with banks, the banks have restrictions for the amount of profits you can make. They have fix rate so they don't go out of business paying their investors profits. If a bank isn't making profits for the year they can stop their investment and ask you to withdraw you money and banks has disadvantages because you're money is in fiats and you're losing money as the fiats are deprecating all across the world.

Altcoins are riskier than banks but the more the risk the higher the reward, a good choice from investing in altcoins can make you profits that the banks investment can't imagine you in a decade. Altcoins profits can give you life changing money when you make investment in a coin that gets pumped, many individual have made profits from investing in altcoins but not many individuals have made money from banks.

IvugeoEvolutionCoin

sr. member

Activity: 840

Merit: 267

SOL.BIOKRIPT.COM

Quote from: radjie on December 26, 2023, 10:04:42 AM

Investing in crypto is not widely known by the general public, but when compared to investing in banks, of course crypto has its own advantages, the profits can be many times greater but commensurate with the risks. Banks have a set profit every year for their customers, in my opinion the option to invest in a bank is a second choice besides investing in Bitcoin

I would think that if you invest in Bitcoin than in the bank, you will get more profit from the bank. However, not all people believe in Bitcoin. They think that it is safe to keep money in the bank, but those who are good about Bitcoin, there is a possibility of losing money if they invest in Bitcoin. No. However, I prefer to keep money in bitcoins from the bank because if I keep money in the bank, I can withdraw the money before a certain time.

onecall123

sr. member

Activity: 2044

Merit: 323

Quote from: OrangeII on December 26, 2023, 10:38:39 AM

Quote from: radjie on December 26, 2023, 10:04:42 AM

Investing in crypto is not widely known by the general public, but when compared to investing in banks, of course crypto has its own advantages, the profits can be many times greater but commensurate with the risks. Banks have a set profit every year for their customers, in my opinion the option to invest in a bank is a second choice besides investing in Bitcoin

Well, in this case it could be said that crypto has a higher risk than banks, but has the potential for much greater profits. Nowadays people generally choose banks because of low risk. Meanwhile, people who are looking for big profit opportunities will choose crypto. However, utilizing both would also be better. However, of these two investments, we cannot determine which is better, because each investment has its advantages and disadvantages.

In these two types of investments, each has its pros and cons. Traditional investors usually favor traditional banking investments, while users interested in altcoins prefer investing in alternative cryptocurrencies. Despite knowing that altcoins are often more volatile than traditional investments, those seeking higher returns are inclined towards altcoin profits. On the other hand, those prioritizing safety and stability opt for lower returns. It varies from person to person and depends on individual choices.

tsaroz

legendary

Activity: 2968

Merit: 1069

★Bitvest.io★ Play Plinko or Invest!

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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's always wiser to diversify your investments and saving to have a degree of financial freedom and restrict the risk of complete collapse of a sector.
Whether the altcoin profit are better than bank profit depends on how you are getting your altcoin profits and how much interest rate the bank is providing.
The interest rate in banks are generally lower than the inflation so that you believe you are getting an interest but in reality your money are losing value.
Altcoin investment, trading or simple staking are much more profitable in most cases. An example from where I live, average bank interest rate for FD are 6% while defis are providing an staking rate for USDT around 8%. Which shows it's better to stake than to put money on saving account or FD.

OrangeII

hero member

Activity: 2072

Merit: 503

#SWGT PRE-SALE IS LIVE

Quote from: radjie on December 26, 2023, 10:04:42 AM

Investing in crypto is not widely known by the general public, but when compared to investing in banks, of course crypto has its own advantages, the profits can be many times greater but commensurate with the risks. Banks have a set profit every year for their customers, in my opinion the option to invest in a bank is a second choice besides investing in Bitcoin

Well, in this case it could be said that crypto has a higher risk than banks, but has the potential for much greater profits. Nowadays people generally choose banks because of low risk. Meanwhile, people who are looking for big profit opportunities will choose crypto. However, utilizing both would also be better. However, of these two investments, we cannot determine which is better, because each investment has its advantages and disadvantages.

radjie

sr. member

Activity: 1792

Merit: 264

Investing in crypto is not widely known by the general public, but when compared to investing in banks, of course crypto has its own advantages, the profits can be many times greater but commensurate with the risks. Banks have a set profit every year for their customers, in my opinion the option to invest in a bank is a second choice besides investing in Bitcoin

Makus

full member

Activity: 266

Merit: 187

Bitcoin!!

No matter the ups and downs of altcoins it's still not supposed to be compared to bank profits, altcoin are volatile yes we know but that same volatility in just 1 week can give you more what you'll get from bank investment for a whole year.so, bank investment in not worth the comparison. Beside, inflation alone is on the higher side of most fiat currency right now, including my country's fiat, so altcoins are better than fiat bank investment. However the fact that supported altcoin does mean I am recommending them to any one, this post is just for comparison purpose.

cozytrade

sr. member

Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

Profit share in altcoins is relatively higher than banks for investment. If you think about high return on investment, you should prefer altcoins over banks. It is always possible to earn high profits by investing in altcoins. Because altcoin prices are constantly moving up and down in the market. But while there are high profits in altcoin investment, there is also a high fear of losing money for the investor. Because some altcoins are like gambling, which can vanish your capital in a very short time. But in the case of banks, even if the annual profit is very low, you are guaranteed not to lose your capital. But you can expect as much profit from altcoin investment. You can never expect that from a bank investment

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: Wiwo on December 10, 2023, 01:03:45 PM

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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.

No investment is 100% safe or zero risk, and banks also have there own limitations and many banks inventors have lost money also due to bank liquidation and bankruptcies at least we have read of one or two banks who have run into such state before and that made us to know that we can't rely so much on bank investment since banks have third party involvement and government control, which make the bank system open to corruption from various quarters.

Quote

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).

Altcoins are basically gambling and their are not in any category to be compared to bank savings, but then if you are an investment analyst and experts you will know that, there are few of the altcoins that have performed exceptionally well and at that have given it holders hige percentage profits that can only take the bank 20-30 years to be able to meet up with such profits standard as an investment.

in other words, banks or crypto have their own flaws and that is for you to consider where do you want to heavily invest your money into. also i believe a lot of people are still hesitant to touch crypto up until these days, as they don't know about this market, they will just stick to traditional way of storing their funds.

but the reality is that bank profits or interest for sure is much lower than possible profits in alts. that is, if you got lucky of your choices in the alts market. however, it can also liquidate your position if you are careless about it. so when you venture into alts, it means, you should be ready also in digging its foundation, keeping up with their updates so as not to be left behind, hearing and listening from their social media channels to get possible insights on what their respective devs are planning to do. are they on the exit mode or not?

Rasa nanas

full member

Activity: 1386

Merit: 107

Sugars.zone | DatingFi - Earn for Posting

Quote from: soramon on December 10, 2023, 10:36:44 AM

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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 depends on you, crypto investment has quite a big risk, but banks are like that, banks can also go bankrupt, many big banks also fall, keep in mind that you also get a definite profit from the bank, 8-10% profit per year, but the currency is also weakening, just the same. It still depends on where you choose and want to put money into altcoins or banks

Therefore if you want to save money in a bank, choose an official bank that has the best reputation in your country. because in many cases in my country people are tempted to save in small or less popular banks because they are promised quite large interest rates and in the end they lose everything.

Wiwo

hero member

Activity: 1022

Merit: 667

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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.

No investment is 100% safe or zero risk, and banks also have there own limitations and many banks inventors have lost money also due to bank liquidation and bankruptcies at least we have read of one or two banks who have run into such state before and that made us to know that we can't rely so much on bank investment since banks have third party involvement and government control, which make the bank system open to corruption from various quarters.

Quote

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).

Altcoins are basically gambling and their are not in any category to be compared to bank savings, but then if you are an investment analyst and experts you will know that, there are few of the altcoins that have performed exceptionally well and at that have given it holders hige percentage profits that can only take the bank 20-30 years to be able to meet up with such profits standard as an investment.

MegameSama

member

Activity: 184

Merit: 10

I will write anything for you

for big money I entrust my money to the bank, they really only give 4-8% per year for interest (in my country) but my heart is calm because my money won't disappear, at least for now, who knows, the bank could collapse in 1 night, right? . At least it's better than altcoins which can rise and fall by tens to hundreds of percent in a few minutes. But if it's for small money or 10% of your portfolio, it's still okay to invest in altcoins.

Xxmodded

sr. member

Activity: 2254

Merit: 309

Seabet.io | Crypto-Casino

Quote from: ryzaadit on August 10, 2023, 01:44:08 PM

Remember Inflation?

In-bank you are holding fiat, meanwhile the value of your asset being held is decreased as well. Rather than fiat, better gold (in-case you want to asset other than crypto). Off-course it's better crypto.

As you know, fiat are always inflaction every year.

Bank have 8-10% annual profits every years for member lock their money regarding how long duration but with bad side inflation values about fewest percent. Some people interested with annual profitable offer from the bank but they not remember with inflation values of our saving money in the future. Seems not good ideas make profitable trough bank with lower annual profitable every year depend hold and save assets in altcoin with higher profitable.

If want to get less risk and excited with bank annual profitable better hold and stake stable coins in exchange with higher profitable around 10% every year and potential with stable coins values up based on your local currency fiat.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: strunberg on December 10, 2023, 06:37:56 AM

You can comfortably store your money in the bank, it's not as risky as saving it in altcoins. But the problem is that high inflation can cause the value of your money to fall every year, unless you save it in dollars or yuan which currently dominate the world economy. If we talk about profits then of course altcoins are more profitable because you can even expect an increase of up to 20% in a year.

Bank is a good place where we can store our money and relax. Since we have been using bank before now, we need to keep our money safe and don't keep it at home where we can get robbed or the fund get stolen. It is very important for us to know the difference between bank and wallet so we don't get the wrong faculty. Wallet is meant for digital bank where we can save our coins which makes it different from the physical bank..

soramon

full member

Activity: 983

Merit: 100

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Jocuserious on August 10, 2023, 12:47:05 PM

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 depends on you, crypto investment has quite a big risk, but banks are like that, banks can also go bankrupt, many big banks also fall, keep in mind that you also get a definite profit from the bank, 8-10% profit per year, but the currency is also weakening, just the same. It still depends on where you choose and want to put money into altcoins or banks

Topic: Altcoins profits or bank profits, which best? - page 7. (Read 2757 times)