Altcoins profits or bank profits, which best? - page 8.

MIner1448

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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).

If we take low amounts, then of course the profit from altcoins is higher than the profit in a bank, if we are talking about traditional deposits, then you have to wait a year for your profit, but in altcoins you can make this profit in a day or a week.

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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.

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Quote from: ryzaadit on August 10, 2023, 12:44:08 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.

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But also keep in mind that prices of crypto coins at highly fluctuating. So you also have a chance of loss on your investment. It means you invest 1000$ in Bitcoin when price is 60,000$. And after 1 year, prices goes down and it down to 30,000$ . It means your 1000$ becomes 500$. So, keep in mind these types of scenarios.

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Quote from: arufox on December 09, 2023, 01:24:13 PM

In my opinion, there are greater benefits to investing in altcoins than banks, even though investing in altcoins has big risks. However, if we can master market knowledge and dare to take risks, the potential profit from investing in altcoins can reach 3x of the capital we spend.

Mastering market knowledge in the altcoin market will not help you in many cases. What will you say about the performance of projects like Shiba Inu, PEPE and other meme projects? There is no knowledge that can help you find those gems early on and there is very little chance someone will be able to predict something like a FTX or Luna crash. These are unpredicted events that occur every cycle and shake the market. There is nothing you can do about it but you can make strategies to minimize the losses.

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Quote from: terizla on November 24, 2023, 08:06:59 PM

Both are difference, you can't compare Altcoins and bank to gain profit. Bank is safe for long term investment but crypto is not safe for long term. Altcoins is very highrisk for long term investment, because there is a good and bad news can happen in one day to make the altcoin price pump and dump.

I don't know which country you live in but I think in many cases banks are not safe also for long term investment but i agreed comparing crypto investment banks are safe. High risk can give high profits that's why mostly investors will encouraged to invest in altcoins, bank profit is too low almost in every county.

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In my opinion, there are greater benefits to investing in altcoins than banks, even though investing in altcoins has big risks. However, if we can master market knowledge and dare to take risks, the potential profit from investing in altcoins can reach 3x of the capital we spend.

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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).

You will get bank profit as per your agreement at certain time and here there is no possibility of loss of your principal money. Your principal money will always be strawbale but even if you get maximum 10% profit from bank, you can get hundreds of percent profit from altcoin but there is high risk here. And here you can lose 100% of your balance and in some cases. So bank investment or altcoin invest it depends on how much you have risk taking ability and How much profit you want to get

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Quote from: Fredomago on December 03, 2023, 05:02:52 AM

For me bank profit is best because bank profit though you will get less profit still your money will be safe. But from my country side I would say keeping money at home is much safer than keeping money in bank. Because the banking sectors of my country are going bankrupt.

I can agree that depositing money in a bank and receiving interest on term or non-term forms is safe and has the lowest risk, still chosen by many organizations, businesses, and corporations because of their reliability. trust. However, if you expect high profits and flexible hours, banking is still not an option for some people because at this time interest rates decrease and inflation increases. That's why some young people in my country are increasingly investing in bitcoin and crypto.
And according to your country's banking problem, it also proves the fact that banks still have big risks. ex:Silicon Valley Bank (SVB), Silvergate Bank và Signature Bank (SB)

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Quote from: 2Pizza410000BTC on December 02, 2023, 01:02:05 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).

For me bank profit is best because bank profit though you will get less profit still your money will be safe. But from my country side I would say keeping money at home is much safer than keeping money in bank. Because the banking sectors of my country are going bankrupt. Keeping money here is very risky. In crypto currency terms, keeping money in altcoins is better than keeping money in the bank, even though altcoins are risky. But if one keeps money by investing in bitcoin than keeping money in bank then I think it is best because in bitcoin investment you have less risk and more chance of success. Moreover if you are getting profit then you will get 100 times more profit than bank profit.

If you know how to work with the business it's really possible to earn that high, but better not to allure in something that unsure, I see your point with bank but still there's no so-called safe haven in terms of investment. I think it's always be depending on how you take the risk and how you handle each situation when the market turns against you.

It's you that needs to go and find the right investment and pick your position according to how you understand the business. Keep it in mind profits is what's the important matter when you join and participate with your chosen venue.

2Pizza410000BTC

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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).

For me bank profit is best because bank profit though you will get less profit still your money will be safe. But from my country side I would say keeping money at home is much safer than keeping money in bank. Because the banking sectors of my country are going bankrupt. Keeping money here is very risky. In crypto currency terms, keeping money in altcoins is better than keeping money in the bank, even though altcoins are risky. But if one keeps money by investing in bitcoin than keeping money in bank then I think it is best because in bitcoin investment you have less risk and more chance of success. Moreover if you are getting profit then you will get 100 times more profit than bank profit.

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Banks go to great lengths, offering various investment products and opportunities to attract clients who want to increase their capital. Don’t get hung up on one idea, try different ways to make money, cryptocurrencies are a great platform. But each path has its own level of risk and potential reward.

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Quote from: terizla on November 24, 2023, 08:06:59 PM

Both are difference, you can't compare Altcoins and bank to gain profit. Bank is safe for long term investment but crypto is not safe for long term. Altcoins is very highrisk for long term investment, because there is a good and bad news can happen in one day to make the altcoin price pump and dump.

Investing in altcoins can be very profitable to us than putting our money in the bank and waiting for interest to boast our savings.
The fiat bank has nothing to give us than to borrow money for us to pay back with interest. We need to start having the mindset of investing in altcoins because this is one of the ways for us to make fats profits in the market especially if we are lucky to invest our funds on good projects that has plans of taking the project to the next level.

terizla

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Both are difference, you can't compare Altcoins and bank to gain profit. Bank is safe for long term investment but crypto is not safe for long term. Altcoins is very highrisk for long term investment, because there is a good and bad news can happen in one day to make the altcoin price pump and dump.

JeffBrad12

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only from comparing both investment from these two months you could clearly know which one is better honestly.
in these two months if you put some money into altcoin and wait it out you will definitely surpass the profit that you could ever get from putting your money in bank deposits for more than 5 years.
imagine gain of more than 200% within two months you can't imagine that kind of gain with bank deposits ever, even if the economy is really good, the one that will be rich is the bank not you since you have fixed interest rate for your deposits.
thats the perks with altcoin investment I guess, the fact that you could gain massive profit just within short amount of time but of course you will definitely need to watch out because there are some shitty projects that just gonna get dumped eventually.

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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 are possible. Otherwise, you can get profits by investing. However crypto investment puts your capital at greater risk (main point).

Take bank investment as highly inflationary investment but with some level of physical representation which in most cases only leads to more centralization and infringement on the freedom and right of investors.

Altcoin on the other hand is high-risk gambling, whose risk is much more higher in the same proportion as gambling which have been proven several time to be a total waste and high-risk non-int investment class act and the rest of it all.

Obim34

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Comparing profits from Banks and that of Altcoins is kinda not making enough sense in fact considering the risk factors associated with Altcoins and absolute no risk involved in the Bank.
While Altcoins having a bigger risk involved still makes it worth venturing into the market with such amount you can bear the pain of loosing.
Banks profits are in pennies while you can make a whole lot from just involving into buying Altcoins and some other things should be considered when planning to buy this Altcoins.
One main fact to be considered is Carefully choosing which Altcoins to buy, paying much attention to what attributes and purpose of that Altcoins, during the presale or private sale, IEO or ICO how successful it was and how beneficial it can become to the community.
Another is knowing the Entry and Exit point of the market, making analysis on when the price is low so you can venture into the market and knowing when the investment is ripe because most Altcoins don't last long they turn in dump and rug

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Quote from: Bushdark on November 24, 2023, 12:03:40 PM

Quote from: GlacierBIT on November 24, 2023, 03:50:08 AM

Correctly noted. Most people who invest in banks are people who are not aware of alternative ways to grow money. Cryptocurrencies, being relatively new and unstable, do not have the guarantees and regulatory protections provided by traditional banking systems. However, interest in cryptocurrencies is steadily growing, especially among younger generations.

Bank will always be there and investing in altcoins is just all about taking risks.Is is good as we have money in the bank which we use to pay our bills and clear some expenses, holding altcoins is always good for us to make extra cash we can always use to save and balance some expensive needs. The altcoins market is very competitive so we need to invest in good project that has strong team and community especially the one that has plans of staying longer in the Crypto market. We need to invest wisely for us to ammw profits from the market too.

It is a fact that bank interests are too small if you are just putting it to regular savings, maybe you can get more if it is in time deposit.
However, you are assure that your money won't disappear as it is taken care of inside the bank with insurance.
When it comes to alts, you need to be very careful in choosing among these thousands of alts, as most of them won't have any value.
But if you got lucky, you can really get good profits. But that is, if you got good alts in stash and you got good timing in selling them in the market.

Bushdark

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Quote from: GlacierBIT on November 24, 2023, 03:50:08 AM

Correctly noted. Most people who invest in banks are people who are not aware of alternative ways to grow money. Cryptocurrencies, being relatively new and unstable, do not have the guarantees and regulatory protections provided by traditional banking systems. However, interest in cryptocurrencies is steadily growing, especially among younger generations.

Bank will always be there and investing in altcoins is just all about taking risks.Is is good as we have money in the bank which we use to pay our bills and clear some expenses, holding altcoins is always good for us to make extra cash we can always use to save and balance some expensive needs. The altcoins market is very competitive so we need to invest in good project that has strong team and community especially the one that has plans of staying longer in the Crypto market. We need to invest wisely for us to ammw profits from the market too.

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Quote from: Blitzboy on November 24, 2023, 11:16:59 AM

To be clear, it is explosive and complicated. But isnt that what high-reward purchases are all about? When you buy in Bitcoin, you're not just making money; you're also taking part in a financial revolution. If you learn about the risks and are willing to take them, getting out of your comfort zone might lead to chances you never thought possible.

It's highly volatile but let's consider it also as a form of money and that is what is supposed to be, giving special status will make it not possible for everyone to have one. Its decentralized so we get to choose what we decide with and government, banks or any other external factors won't affect the ownership of bitcoin but in terms of value its kind of tricky though.

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Profits from altcoins can be very high. Over the past few years, the value of some altcoins has increased by thousands of percent. This means that if you invest in altcoins early, you can make a lot of money. The value of altcoins can also fluctuate widely. This means you can also lose money if you invest in altcoins at the wrong time. Overall, altcoins can be a highly profitable investment, but they also come with significant risks.

Topic: Altcoins profits or bank profits, which best? - page 8. (Read 2879 times)