Banks Won't Make You Rich - page 3. | Bitcointalksearch.org

Kanda Yu

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

Investing in the bank is very different with investing on bitcoin. When you are investing in the bank, there are some chances that your money won't grow that much since the growth there is very slow while when you are investing in bitcoin, there is a chance that your money will grow unexpectedly bigger than what you are expecting so choose investing on bitcoin rather than banks.

LoudA__

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Quote from: GrayFullbuster on May 10, 2018, 12:37:58 PM

Quote from: ammobile69 on April 21, 2018, 08:53:59 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 purpose of the banks are to keep safe all of our money. You will not earn big amount of money if you think that saving money from banks will give you profit. It is better if you will put on cryptocurrencies for you to easily double or even triple your money.

That is the purpose of Banks, why do we need to think that Banks will make us Rich since they are just existing for us to have a keeper of our money. I think banks are just putting some interests so that they can gather or make people put their money into their hands. And, crypto currencies is not the only way you can earn money, you can also invest on Real estate and metals that is a common asset for investors.

GrayFullbuster

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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 purpose of the banks are to keep safe all of our money. You will not earn big amount of money if you think that saving money from banks will give you profit. It is better if you will put on cryptocurrencies for you to easily double or even triple your money.

bitcoinFPT

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Quote from: AlehandroTheGreat on April 21, 2018, 11:52:49 AM

You really think any bank will make u rich ? Cheesy

Banks are making money on you and are making u poor....
PS: It is not a joke Sad

Ecxactly ! That is what I mean, depositing money into a bank, the interest rate is only 4-7%, with that little interest you have no profit, your money is only temporarily secure at the bank and purpose You are helping bank get rich and to "help you poor" because the longer you send in the bank, the more you lose money, so I think you should use the remaining funds to the more necessary. Investing in bitcoin will make you more lucrative and nowadays many people are investing in bitcoin and bright future

5ensei

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Banks don't just keep your money safe, they are an easy way to pay your bills e.g. via direct debit and online transfers. It is wise to keep enough money there for that purpose with the remaining money invested into crypto - that is your ticket to riches!

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That is the reason people should actually invest their money into crypto-currencies or other traditional investments rather than saving huge amount of money in the saving accounts with banks which would only pay them small amount of money for the interest generated annually.

krankNL

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Quote from: Dudeperfect on May 10, 2018, 11:08:02 AM

Well, as you are from India, you must be aware of the issues happening in the banking sector. Nowadays, our money is not safe in banks too and that's the reason why decentralized currencies are gaining attention. Banks were great when we were getting 20% or so interest for per annum but now, there is no advantage in settling for 4% interest when the inflation is growing at a rate of more than 7% annually. Thus, we are not earning 4% interest but actually losing 3% amount every year when it comes the comparison of values.

You can't expect interest rate to be greater than inflation rate in a country. This is how the economical system works. You shouldn't earn more than inflation amount. If you do so, your banks will likely to bankrupt at the end.

Redhead5

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Quote from: heartwreck on May 10, 2018, 06:27:13 AM

Yes, bank wont make you rich but they help you to be thrifty and they keep your money safe.

It is true. We will not be rich through banking but we can really secure our money with percentage of interest. There is no doubt for this, but in bitcoin investment really we can be rich in just a minute due to its great values and unpredictable behavior.

Sand King

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I somehow agree with this because it is true that banks may cause bankruptcy because of their interest rates. Their rates is too high. You put your money in the bank so it'll not be spend on something but instead your money is getting smaller and smaller because of interest

marcuslong

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

To be honest even you put tons of investment in banks you don't earn that much coz your just putting it as an your savings however if you have a personal income or whatsoever then much better to you im not using bank since then because it is just like wasting my money i have a worst nightmare there i don't have physical card and my bank was hacked and transfer my money it is inside job not unlike bitcoin if you invest you have the biggest chance to get your money double and it is safe with hard wallet you are using for.

Dudeperfect

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Well, as you are from India, you must be aware of the issues happening in the banking sector. Nowadays, our money is not safe in banks too and that's the reason why decentralized currencies are gaining attention. Banks were great when we were getting 20% or so interest for per annum but now, there is no advantage in settling for 4% interest when the inflation is growing at a rate of more than 7% annually. Thus, we are not earning 4% interest but actually losing 3% amount every year when it comes the comparison of values.

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banks will not enrich of course, but they will at least stabilize the country's economy, at least it was at the initial stage, now of course this is the most corrupt sphere, but not the fact that with the crypto world at the stage of stabilization will not happen something like that, maybe crypto corruption will be mutated into something else, someone knows, but

LuciferEveningStar

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

I agree that banks will not make you rich because if you are going to place your money on them then the scale of increase yearly or monthly is very slow and i do not think that you can really have a good amount of profit.

heartwreck

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Yes, bank wont make you rich but they help you to be thrifty and they keep your money safe.

Flomo

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maybe the bank only helps you in the storage of large amounts, because your money can be developed for business.
I once saved a small amount of money. the money continues to decrease due to the number of pieces.

cluit

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Quote from: Ramtapsbtc on May 09, 2018, 05:51:11 AM

Quote from: rolerVX on May 08, 2018, 02:45:32 AM

Banks without money would not make anyone rich. Banks with money can make hackers, and corrupt person rich in split of seconds. Banks will give just .00000011112233 or .1 or 10%. Every amount of your investment have an equivalent the higher the investment the higher percent, the lower the investment the low percentage. All depends in the money you put and the banks system.

In fairness banks is where we can store our wealth, jewelries and important documents of our assets. Banks has regulated interest rate that is why it is below expectation and cannot make you rich but can help you have a savings for future use.

Banks are doing business with our money for the sake of their own profit and sometimes for the national profit. This let them introduce some specific percentage of profit in our accounts annually and become so stupid to get happy over it. But I think with our money why they are getting big profits and returning us back such little amount. We must not be allowing this anymore.

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Quote from: Jake Virus on May 09, 2018, 07:22:31 PM

Quote from: Mbah Djoko on May 09, 2018, 12:47:45 PM

Please do not ever think rich with saving in banks, it's the same time you give time and money because we do not get any benefit even though we get interest banks that only 12% per year.

Well that is true that banks will not make us rich, and i am confident that our money with banks can be really secured and safe, but if we want to be very rich in the future we should put our money with bitcoin or on the other cryptourrency because it is also secured and safe.

There's no other point of putting money in the bank as technically banks is for savings like school which is for studying only. We shall not expect to become rich because of pointing out our savings and its interest. Investing will make your money grow more.

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Quote from: ammobile69 on April 21, 2018, 08:53:59 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

Ofcourse banks can't make people rich, what make us rich is ourselves. Working hard and working smart will, so work hard to earn but banks is used to be storage of your wealth and not an investment to think.

Jake Virus

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Quote from: Mbah Djoko on May 09, 2018, 12:47:45 PM

Please do not ever think rich with saving in banks, it's the same time you give time and money because we do not get any benefit even though we get interest banks that only 12% per year.

Well that is true that banks will not make us rich, and i am confident that our money with banks can be really secured and safe, but if we want to be very rich in the future we should put our money with bitcoin or on the other cryptourrency because it is also secured and safe.

Visbay

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Quote from: BlackSeaConqueror on May 09, 2018, 10:17:23 AM

yes, it is true. by only saving your money at the bank, wont make you rich. the interest usually lower than inflation rate

For sure it will not make you rich because if you will hold your money I bank then I am sure it will give you profit but very small as 20% after more than 10 year, it will only save your money but with high risk but if you will invest your money in bitcoin you will get rich faster because bitcoin use to increase in price thousands of dollars every months, so I prefer to put my money in bitcoin instead of holding it bank uselessly.

Topic: Banks Won't Make You Rich - page 3. (Read 1782 times)