Banks Won't Make You Rich - page 10.

Ridwan Fauzi

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Quote from: isetter on May 03, 2018, 09:34:15 AM

For me, when in a short time, I have no need to use the money, I will send the bank. I know that banks do not make much profit. But I think the money to be in the bank will be safer than in the Bitcoin wallet

Banks is not an investment place

Bitcoin is an investment place

If your purpose is just saving money, bank is the solution.

And, if your purpose is to profit from your money, bitcoin is the solution.

xSkylarx

hero member

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Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

Banks are made so that there will be a place for us to store our savings and earnings and it is really aren't profitable as what we are expecting. Unlike bitcoin , it is not a long term investment that could give us the profit that we have set. In crypto, we still need to exert enough effort to reach our target.

kutsal_money

member

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Merit: 10

I love bitcoin because I can keep my money without being connected to any center, yes exactly banks won't make you rich but bitcoin can

MDQ

newbie

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As you say, to me to make money from the bank to earn interest, your life will never be rich. If you feel that investing in e-currencies is a high risk, send the bank for safety, that's a good thing, if you think about sending money to earn interest then you should give up. that's it.

Blekok001

newbie

Activity: 47

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The Bank has the goal to gather funds in the society and also restore it to the community in the form of loans.

In fact the Bank has the goal to ease the public in conducting payment transactions payment transactions, be it domestic and foreign payment transactions.

Banks also can we make various types of investment, such as deposits and so on.

However the interest offered by banks is very small, for it shall never hope that banks can make you filthy rich.

youdacapt

sr. member

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GOD is TRUE

Quote from: rudito on May 03, 2018, 10:17:05 AM

Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

True, banks will not make you rich, banks only provide security in saving your money. In contrast to bitcoin, bitcoin can be a place to store money as well as an investment that can make you rich.

banks are not aimed at enriching their users, they are not profit-oriented business institutions, the interest rate they apply is 1:10 with the profit you get, better focus on other businesses and just think of them as money-saving places guaranteed by the government. We also do not need to be too focused because we already have a crypto asset in our own wallet.

rudito

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Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

True, banks will not make you rich, banks only provide security in saving your money. In contrast to bitcoin, bitcoin can be a place to store money as well as an investment that can make you rich.

jackky

member

Activity: 308

Merit: 10

Quote from: zedrickjuls on April 21, 2018, 08:25:59 AM

Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

Yes,if you invest your money in bank it won't make you rich so better invest your money in bitcoin because there's a great chance that you become rich in here.

Yes, I will invest in Bitcoin and Altcoin, which will help me earn my x2 or x5 fortune in a short time. If that money I send the bank, then maybe in 100 years I can earn x5 of my property

tranduc2101

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Lifestyle & Wellness Platform

I would rather invest in ICO projects than depositing money into banks. When depositing and borrowing money at the bank. There are many procedures and it takes a lot of my time. Banks will not be able to survive at such low interest rates

soname12

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Quote from: piterpie on May 03, 2018, 09:44:00 AM

There are a lot of people thinking that the interest rates offered by banks are so much and they can be assured of living monthly with little interest. Maybe they do not know Crypto, there are many mlm projects that have a 30-50% interest rate in a month

never invest mlm projects. You may have heard of BitConnect and lots of MLM coins scam investors. I advise you not to invite people to participate in scam projects. That can make many people lose money

piterpie

member

Activity: 280

Merit: 10

There are a lot of people thinking that the interest rates offered by banks are so much and they can be assured of living monthly with little interest. Maybe they do not know Crypto, there are many mlm projects that have a 30-50% interest rate in a month

hoanghoatham04

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Blockchain Just Entered The Real World

Savings are not my hobby. Most of the time I will use my money to invest in stocks, but since I know Bitcoin I have gradually moved to invest in Crypto. Banks can not make people become wealthy

minnerETN

newbie

Activity: 126

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Quote from: isetter on May 03, 2018, 09:34:15 AM

For me, when in a short time, I have no need to use the money, I will send the bank. I know that banks do not make much profit. But I think the money to be in the bank will be safer than in the Bitcoin wallet

You agree that the bank is a safe place to send money. We will never have to worry about hackers stealing our money. Although deposits little earn profit. But I just need my money be safe

isetter

newbie

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For me, when in a short time, I have no need to use the money, I will send the bank. I know that banks do not make much profit. But I think the money to be in the bank will be safer than in the Bitcoin wallet

Visteryy

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Activity: 322

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Quote from: Don Pedro Dinero on April 21, 2018, 08:22:12 AM

Banks won’t make you rich because they become richer thanks to you. They are not charities. When they give you a loan, they make money from the interest, and when they give you interest for leaving your money there, they also make money because they get a higher interest managing that money.

That's how the banks operate. So the new government uses the bank instead of using Bitcoin. so that they can make a profit from the lenders and borrowers. The bank will not lose any money and they still make big money

casternetwork

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★YoBit.Net★ 1400+ Coins Exchange

Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

The bank is only for people who do not dare invest money to make more money. The bank is only for people who want to save money

netil

member

Activity: 150

Merit: 12

The very idea of the banking system assumes that only bankers remain in the winnings. The system is about the same as in a casino. Only the banking system is less humane and the chance to win even lower.

Dikpora77

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Activity: 123

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Apps Development Automation Platform

Quote from: ammobile69 on April 21, 2018, 07:53:59 AM

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies. Lips sealed

Banks are just for keep your money safe! Tongue

we can use their services to save our money temporarily without worrying, what happens to us when we carry cash in every place with large amounts, the bank makes it simple and easy for us, if you worry about the decline in value of money in a long time, so do not do it. You can use your money for investment or business so you will earn more money than you have to keep it in the bank.

krogothmanhattan

legendary

Activity: 2520

Merit: 3238

The Stone the masons rejected was the cornerstone.

How can a Bank make you rich when they are paying less than 1% interest on your saving or checking account.

Especially after 2008, after the collapse all banks are giving a pittance of interest rates so they can make a killing by loaning out your money at 4% and higher.

Here in the USA they were even allowed to borrow FREE money from the Federal reserve with 0 percent interest rate.

And guess who ends suffering for this? We do. Not only are you losing money by not making enough in interest but your monies purchasing power erodes slowly as inflationary numbers far exceed your interest gains.

Then to add insult to injury here in the USA we have to pay taxes on the interest too! Angry

BitcoinNational

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Join The Blockchain Revolution In Logistics

Today, you're not going to the bank to become rich, you're just go to the bank because it can keep your money safe. To a certain extent, it can be wrong, we see thing happens in some countries. But still, to me I don't see plenty of options if you want to keep money. I wouldn't never invest everything I have in crypto. Too dangerous and risky

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