Banks Won't Make You Rich - page 7. | Bitcointalksearch.org

handyhuman

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Activity: 238

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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.

Bitcoin are just like bubbles once it appears take a chance and grab the opportunity to keep and gain with in it. Dont let disappear and you have done nothing at all. . Much better when we save btc and eth . They can help us someday .

campica

full member

Activity: 645

Merit: 145

In 2008 I was saving money in bank and I got 11% interest per year , that was pretty nice amount of money at the end of year. But today same bank giving me a 0.45% interest per year which is ridiculously , because I don't even get for covering monthly fee of having opened account in the bank. So last 4 years I rather invest money every month in crypto and I'm satisfied with annual profit , which is much higher with less money invested, then I invest 2008 in bank saving.

mrcash02

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Quote from: no0dlepunk on May 06, 2018, 09:05:06 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

People nowadays doesn't seem to understand things the way they used to be. Banks were never really made to make you rich ma man, they were there to keep your money safe, secured, and insured... that's that simple. Same way as bitcoins, it was never meant to make you rich either - it was designed as a payment tool for the silk-road.

If you want to be rich, you better start working your ass hard now. I didn't mean to bash you nor trash you my friend. I just want to point out your misconception about banks. Peace be with you, amigo.

Maybe banks aren't supposed to make us rich, but they were supposed to pay a fair interest over our money stored/invested there, considering how much profit they make for themselves with our money. In fact we are lending money to the bank, it's really supposed to be profitable for the lender, but we are receiving less than the inflation increasement.

Funny thing is that when we are borrowing money from the bank the deal doesn't follow the same pattern, then it's totally advantageous for them.

yslyv

hero member

Activity: 1078

Merit: 537

actually aim of banks is not making you rich. they only protect your money. and aims to save the value of the money you put there. But a very old system and not protecting regular people against owners.

bitadviser

member

Activity: 203

Merit: 17

give a man a gun, he will rob the bank, give a man the bank, he will rob the world.

Seriously, their goal to make profit, any fees, no matter to do, some ppl dont even know that their money can be involved to the wars or other dirty things, so i believe with crypto this world will be more clear and honest that before.

lelylely

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Activity: 602

Merit: 10

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

I think banks are a place to save money, not to get rich. Of course if you want to get rich do not put money in the bank, but use money for business or investment.

mimienamphine

member

Activity: 252

Merit: 12

What banks do is to use the money of people to enrich themselves. Saving in a bank is one of the worse ways to invest money.It is like giving your money to enrich someone who do not even appreciate your generosity. Some banks even go to the extent of deducting money from saving accounts.Banks steal our money but we do not even notice because they steal in cents and gather them and it becomes huge money.Little drops of water makes a mighty ocean.That is what banks do to us.

tonysitaly

member

Activity: 228

Merit: 10

Yes, banks only provide very low interest rates for our deposits. I think this is a way of exploitation. So as the development of bitcoin has become more and more known to most people, the banking industry has felt the pressure.

no0dlepunk

sr. member

Activity: 490

Merit: 258

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

People nowadays doesn't seem to understand things the way they used to be. Banks were never really made to make you rich ma man, they were there to keep your money safe, secured, and insured... that's that simple. Same way as bitcoins, it was never meant to make you rich either - it was designed as a payment tool for the silk-road.

If you want to be rich, you better start working your ass hard now. I didn't mean to bash you nor trash you my friend. I just want to point out your misconception about banks. Peace be with you, amigo.

Bitcoin2009

member

Activity: 1050

Merit: 10

If hoping to get a big profit and relying on banks then it is wrong, unfortunately when in school precisely a lot of lessons that advocate for saving money in banks and expect to benefit from bank interest.

Baronggot

full member

Activity: 434

Merit: 100

That's because banks are actually using your money to fund in other business and it is only offering security to your money. As what an expert say that saving your money in the bank won't make you rich but you can if you invest it.

trolltalk

newbie

Activity: 84

Merit: 0

banks won't make you rich in fact banks will make them more richer because your savings on banks they will lend them to people and thy're make high profit because of big interests on their loans so it's better to invest your money on ico's or you can make trading investments in crypto is much profitable than saving money on banks.

Semaj123

member

Activity: 434

Merit: 10

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

Definitely true, this is why cryptocurrencies has been created due to the bank system which can't help us earn enough profit. Only the millionaires can actually have a better benefits than ordinary people. Well, in terms of security, no one will argue with it but in terms of profit sharing it is really unreasonable.

bering

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Quote from: Bitcoin2009 on May 05, 2018, 02:42:30 PM

Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.

yes that's true that basically banks was made to store money people and for those who want their money growing then investment at banks is not good options and find another options would be good such as crypto investment or stock investments

Wewe Gombel

member

Activity: 798

Merit: 10

Do not ever expect to be rich and successful if you rely on banks, they will not give you any benefit, putting money in banks will only make them big but never share their profit to us.

popolite11

sr. member

Activity: 882

Merit: 250

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

I agree. Banks will not be able to make us rich, but they can ensure the safety of our money. But in the crypto currency, you also need to take care of your security, otherwise hackers can crack the wallet and steal your coins.

Andrews193

member

Activity: 243

Merit: 10

It's hard to get rich due to very profitable bank loans, and many people think that Bitcoin and other virtual currencies can change lives much better than central banks many times, I think the Bitcoin change The commercial structure is concerned.

Voloshin2981

member

Activity: 70

Merit: 10

completely agree with the author of the bank this is not at all an option in the first they are now closed one by one there is no confidence in the future and in the next they are so cleverly doing, you take the money for a year, they assign you a date when you can pick them up a day earlier Later, if you did not come on the appointed day, your money will automatically remain

Bitcoin2009

member

Activity: 1050

Merit: 10

Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.

charlzyeby

jr. member

Activity: 182

Merit: 4

The best way to invest your money is starting your own business or letting your money work for you. Banks lend your money to other people for outrageous returns from the people who borrow from the banks and give you a small percentage of your money. Most rich people don't leave their money lying idle in banks. They invest their money in businesses that give them profits, Just like taking absolute control of your cryptos and earning from them.

Topic: Banks Won't Make You Rich - page 7. (Read 1789 times)