If told to choose I prefer the profit of bitcoin.
Because the profit from bitcoin is much bigger I get than bank interest.
Other than that the advantage is faster to profit from BTC than bank interest.
Topic: Bank Interest VS Bitcoin profits - page 6. (Read 6313 times)
Banking interest = no stress, you know what you have and that your principle won't vanish - so there is that advantage. Buying at todays price, idk that's fucking stressful.
The advantage having bitcoin still much larger than provided by bank. Because in bitcoin, we do what really is called investment, whereas in bank our money is only a tool to enrich bank itself. banks lend to borrowers using customer money.
Well, in my country there are two types of interest, if you invest with local money you will receive 20% plus yearly, if you invest with us dollar then you will make 3% yearly.
according to blockchain rates, bitcoin price did an increase of value worth of 60% in the last two months, that is 30 times more than in my country (30 years on usd) and 3 years with local money (but because of inflation it could probably be more times)
So yes, bitcoin could make you earn more interests.
according to blockchain rates, bitcoin price did an increase of value worth of 60% in the last two months, that is 30 times more than in my country (30 years on usd) and 3 years with local money (but because of inflation it could probably be more times)
So yes, bitcoin could make you earn more interests.
It is clearly shows that bitcoin profit is very far high than bank interest. Bitcoin gives more opportunity for high return investment. But then it is unpredictable unlike banks with permanent interest rates the return in bitcoin is something that you need to take a risk. Bitcoin rise high and may fall very low right now investing in bitcoin is really a success but we never what will happen tomorrow
It is clearly shows that bitcoin profit is very far high than bank interest. Bitcoin gives more opportunity for high return investment. But then it is unpredictable unlike banks with permanent interest rates the return in bitcoin is something that you need to take a risk. Bitcoin rise high and may fall very low right now investing in bitcoin is really a success but we never what will happen tomorrow
Even if bitcoin will grow at a rate of 10% per year he will still bring more income than any Deposit in the Bank. In fact, banks do not give you profit. They just adjust the value of your Deposit at the rate of inflation. If you compare the purchasing power in a year your Deposit in the Bank depreciates.
Well of course bitcoin is more profitable than bank. I mean, the price is fluctuacting and we can have higher chance to gain many profit, unlike bank where we can't really expect much. Although there are some services that's quite great in bank, it doesn't really increases the amount of our money, unlike bitcoin.
Your friend did quite a great job to invest in bitcoin. But he should have waited for more time before selling it, so he can gain more profits from it.
Your friend did quite a great job to invest in bitcoin. But he should have waited for more time before selling it, so he can gain more profits from it.
Keep the money in bitcoin is much more profitable than any Bank. I never liked banks and therefore did not use their services. All banks are crooks who live by robbing people. I will be very glad if all people will go to bitcoin. Then the banks will die.
I think keeping money in banks is a good thing, it's safe for our money, even though we only get very small profits. For bitcoin, the profit we get from it is huge, but they are not stable, very dangerous.
Because the profit from saving money in banks in recently very small and not safe as our mean.
The interests banks pay at the moment are so low, inflation is even higher.
Only by that you end up losing money if you put it in a bank account.
The you have to add the fees the banks take as well.
Often your account costs you more than the interests they pay you.
A bitcoin wallet costs you nothing.
Keep the money in bitcoin is much more profitable than any Bank. I never liked banks and therefore did not use their services. All banks are crooks who live by robbing people. I will be very glad if all people will go to bitcoin. Then the banks will die.
I think keeping money in banks is a good thing, it's safe for our money, even though we only get very small profits. For bitcoin, the profit we get from it is huge, but they are not stable, very dangerous.
Because the profit from saving money in banks in recently very small and not safe as our mean.
Keep the money in bitcoin is much more profitable than any Bank. I never liked banks and therefore did not use their services. All banks are crooks who live by robbing people. I will be very glad if all people will go to bitcoin. Then the banks will die.
I think keeping money in banks is a good thing, it's safe for our money, even though we only get very small profits. For bitcoin, the profit we get from it is huge, but they are not stable, very dangerous.
No bank gives 10% interest on your saving amount. The rate of inflation is higher than interest rates of any bank so actually keeping money in bank will diminish it value. Bitcoin on other hand have surpassed many other investment asset in terms of ROI it has to offer. It is always best to choose Bitcoin for growing your money.
In the fact, banks saving just helps us keep safe our money. The profit earned from saving in Banks can't enough for our life because every year the value every things increasing, just the value of papper money is decreasing.
Bank interests are like joke in lot of countries around the world. It is only good if you have huge amount of money. But bitcoin profits are very high. I prefer btc profits.
I also prefer bitcoin profits rather than bank interest because as far as I know you could get profit there if you have a huge amount of money and it is annual before you get profits unlike bitcoin. Yeah, though bitcoin also require a lot of time in order to gain profit but you could get a high profit even though you have small amount of money. Besides, bitcoin is known as volatile so anytime it could rise up onto enormous value. 
No bank gives 10% interest on your saving amount. The rate of inflation is higher than interest rates of any bank so actually keeping money in bank will diminish it value. Bitcoin on other hand have surpassed many other investment asset in terms of ROI it has to offer. It is always best to choose Bitcoin for growing your money.
Keep the money in bitcoin is much more profitable than any Bank. I never liked banks and therefore did not use their services. All banks are crooks who live by robbing people. I will be very glad if all people will go to bitcoin. Then the banks will die.
The bank is quite safe but we can not get that much money from saving the investment in the bank. Bitcoin becomes a very attractive offer because significant price increases can make us get a big profit. Bitcoin prices continue to increase every time, this is an attractive investment compared to saving all our investment in the bank. Security is an important factor, but as long as we can work carefully and thoroughly then the bitcoin we have will always be safe. Do not be afraid to use bitcoin as long as we do not make mistakes.
Keep the money in bitcoin is much more profitable than any Bank. I never liked banks and therefore did not use their services. All banks are crooks who live by robbing people. I will be very glad if all people will go to bitcoin. Then the banks will die.
Bank interests are like joke in lot of countries around the world. It is only good if you have huge amount of money. But bitcoin profits are very high. I prefer btc profits.
It seems too much to compare bank interest with bitcoin profit, in my country bank interest about 12% a year, bitcoin price last year about $ 600 and proven bitcoin profitable up to about 400%. Are you still doubt?
Well that's probably why Bitcoin is 'decentralized', although you cannot know when will be the good time to invest, it will still make a lot of profit than those in banks that makes a lot more than the time we need to gain profits than that of Bitcoin's.I do not think that it can be compared that way, since both is still make a good progress. Of course you need huge amount to get good outcome too and it is the same as gambling investment so I think both of these thing that we start from now. If you have more money you still can invest on bitcoin too so in the end you will get both payout
I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
Made like 5K profit from buying when it was 2K and selling when it was 3.2K. Regretting not waiting a day later and I would have made another 800, still massive profits though.
With all my big investments, they have gone pretty well, netting me quite a lot of profit. I bought ETH when it was at 200 and now it is almost at 300 and I sold all of mine a day or 2 ago.
I do have the money from my previous trade to do it, and I am just waiting for the right time to invest it.
I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
Really depends on my financial situation, I did invest a huge amount back when the price dropped to 2K recently. I invested around 8K worth of my money, buying a total of 4 Bitcoins. With all of that I have already sold off all of it when the price was 3.2K and I am pretty happy with my 5K profit.
I don't think I will be making such a move like that for a long time, unless if the price dropped pretty hard and I was feeling like investing. I am happy with my profits and it is better to stop while you are ahead.
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