Topic: Bitcoin or banking investment? - page 10. (Read 1381 times)
Saving money in the bank is different from Bitcoin investment. If you deposit money in the bank it gives you low or no income and still your capital remains intact. But in that of Bitcoin case it is risky because you may loose half of your money within short period of time and at the same time make triple of your money within short period of time. So in all it better to have some of your money saved in the bank for taking care of some things and also some in Bitcoin and wait till the price increase.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Glad to see that a newbie is asking question like this and wants be clear in the thoughts. If you ask me personally then I would choose Bitcoins over banks. The reason is pretty simple. Banks are centralised and are controlled by the governments. So it’s completely not your own money, I mean you completely don’t own it. On the other hand, Bitcoins are decentralised in nature and hence you completely own the coins without any hidden charges or taxes paying anywhere. And you can easily convert into FIAT of any country.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Honestly, in general I really need both in my life and so far I can barely even do anything when the bank network in my place started to have problems with slow transactions. It means I really can't ignore both of them in my life for now so whatever you describe for both now, I really can't forget one and use the other.
Because besides I really like Bitcoin and investing in Bitcoin, I also like other real estate businesses that require me to stay with a bank and it also helps me a lot when I want to put extra money into the crypto space when I want to buy more Bitcoin for my investment for the long term, so I really have to use both for my smooth running in terms of business and also in terms of investment so I can't say bad for both.
Exactly, we still need a bank because banks not only provide us with savings services but also provide us with a lot of necessary services in life. Furthermore, as long as fiat remains the world's currency, our dependence on banks will not end anytime soon. It's amazing for people who are using the bank but still blaspheme it. Meanwhile, no one forced us to compare, and no one forbade us to use only one of the two.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Honestly, in general I really need both in my life and so far I can barely even do anything when the bank network in my place started to have problems with slow transactions. It means I really can't ignore both of them in my life for now so whatever you describe for both now, I really can't forget one and use the other.
Because besides I really like Bitcoin and investing in Bitcoin, I also like other real estate businesses that require me to stay with a bank and it also helps me a lot when I want to put extra money into the crypto space when I want to buy more Bitcoin for my investment for the long term, so I really have to use both for my smooth running in terms of business and also in terms of investment so I can't say bad for both.
All activities related to finance are not free from risks. now our task is to find ways to minimize it all. meaning that we invest and save by having to be safe and comfortable. If I choose a bank, at least one that has a good track record and has never had a problem. if I invest or buy BTC I won't go into that much detail just be careful, research before buying or reselling it and where will I keep it in my trading account or put it in my investment account.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin.
Not everyone who invests in bitcoin, in my opinion, does so solely for the purpose of earning interest. Many people, on the other hand, prefer to hold bitcoins over bank accounts in order to maintain their privacy, understand their own finances, and be the only person with complete control over their money.Although investing in bitcoin has some risk, but once you understand how it works, I don't think there's much of a risk involved, which is why those who are familiar with it want to do so.
Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Due to various factors, including privacy, inflation, and other more, I would rather invest my money in bitcoin than keep it in a bank.However, we still require a portion of our funds to be saved in bank accounts for other uses because at the moment, Bitcoin is not widely accepted. In fact, even in my nation, it has been difficult for individuals to accept Bitcoin for their businesses. For this reason, I still require a bank to hold a portion of my funds.
Determining whether Bitcoin or banking is a better investment depends on various factors and individual preferences. Here are some considerations for each -
Bitcoin Investment:
Banking Investment:
It's important to note that both Bitcoin and banking investments carry their own risks and rewards. Bitcoin's price volatility can lead to significant gains but also substantial losses. Traditional banking investments, while generally more stable, may offer lower returns compared to the potential growth of cryptocurrencies.
Bitcoin Investment:
- Potential High Returns: Bitcoin has experienced significant price appreciation in the past, leading to substantial returns for some investors. Its limited supply and growing demand have contributed to its price volatility and potential for high returns.
- Decentralization and Autonomy: Bitcoin operates on a decentralized network, giving users more control over their funds without the need for intermediaries like banks. This can be appealing to those who value financial autonomy and privacy.
- Diversification: Adding Bitcoin to your investment portfolio can provide diversification. Cryptocurrencies have shown low correlation with traditional asset classes, meaning they may perform independently of stock markets or other investments.
Banking Investment:
- Stability and Security: Traditional banking investments, such as savings accounts or certificates of deposit (CDs), are generally considered low-risk options. Banks provide regulatory oversight, deposit insurance, and other protections to ensure the safety of customer funds.
- Fixed Income and Interest: Certain banking investment options offer fixed interest rates, which can provide a predictable income stream. This can be appealing to conservative investors who prioritize stable, guaranteed returns.
- Established Infrastructure: Banks have well-established infrastructure and customer support systems in place. They offer a range of financial products and services beyond basic savings, such as loans, credit cards, and wealth management, which can cater to various financial needs.
It's important to note that both Bitcoin and banking investments carry their own risks and rewards. Bitcoin's price volatility can lead to significant gains but also substantial losses. Traditional banking investments, while generally more stable, may offer lower returns compared to the potential growth of cryptocurrencies.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Given the recent commotion about multiple banks collapsing that makes customer funds inaccessible and probably loss. I doubt Bitcoin is more risky than the bank. Bitcoin price grows on an astronomical level ever since it was created while banks is plummeting as the inflation rises since they are using fiat that has unlimited supply.
Bitcoin is only risky if you didn’t know how to hold during bear season but if you are just a solid holder. You wouldn’t even feel that risk since the price keeps growing long term. There’s a lot of thread about bank vs bitcoin or fiat vs bitcoin every year since I created my forum account. Until now that Bitcoin price already grow on this figure still there’s a doubt but probably this is from the guys that new on Bitcoin.
Check the history and see for yourself how great Bitcoin compared to banks in terms of real risk.
As Bitcoin is yet to recieve global adoptions and acceptance, we can't be done with the banks as we need them for our transaction in our business or purchasing of glocery and other business so we need both Bitcoin and banks for now. The banks shoudn't be used for investment since we have a better option with Bitcoin. Banks only make their partners rich and give us very small interest.
I received money from the bank because of my salary in my main job. I use the bank just like you, to collect the salary and money that I use to transact legally in my country. During this time I kept money in the bank as the main job salary. In fact, I am always charged every month. So there are no investments in profitable banks at the moment. Maybe if it is a deposit, but it's no minimum amount and I don't have that much. So far I still really prefer Bitcoin in investing, by holding, even if it's just a little.
I've never make any good money storing my funds in any centralized bank accounts, I was also so annoyed that banks are good at removing their charges every month and no extra alert or income from their side, I gave up on banks when I started learning about crypto in 2017 and when I knew how to convert fiat to Bitcoin I don't waste any time at all, I just went ahead and went fully Bitcoin, I now use bank account if I need money in Fiat, most times my bank account is always empty, and honestly I prefer it this way.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
As Bitcoin is yet to recieve global adoptions and acceptance, we can't be done with the banks as we need them for our transaction in our business or purchasing of glocery and other business so we need both Bitcoin and banks for now. The banks shoudn't be used for investment since we have a better option with Bitcoin. Banks only make their partners rich and give us very small interest.
But when you invest in Bitcoin, you get the full benefits of decentralized investment as there's no prioritizing of the rich and wealthy individuals instead everyone is giving the same opportunity when we invest in Bitcoin and the longer you hold, you benefit more.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
You are asking bitcointalk members and obviously by the name , bitcoin users of course .Now comparing to banks? we are here because we wanted to be free from the government anticipation and we find peace here.
so if you are asking for a reason ? then it is that because government interference is BS to all of us who are wanted to be free from what they can bring when it is our hard earned money.
Quote from: FiveG
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
I will prefer my money to be in BTC than bank because, investing in BTC will bring me massive profits when the price move higher in a way it will help me to improve financially in the society compared to bank that will be fighting for their interest and the end you will get small profit that cannot help you to recharge your phone. I will advise you to invest in BTC but let the price decrease down before you can invest and there is a reward you will get from the investment that will make you to always choose decentralized investment than centralized investment. 
But it is a fact that even if we invest in bitcoin, we cannot stop using the bank. But you will find many people here will badmouth the bank even if they still use it daily, and it is almost impossible to get rid of it.
It's because most of countries don't allow their citizens to use Bitcoin as currency, if Bitcoin is accepted as legal tender and all stores are accepting Bitcoin payment, I believe people will abandon fiat. Ask yourself, you have a lot Bitcoin and no store accept Bitcoin payment, how you can buy foods and pay bills with Bitcoin? it's impossible, this mean you're forced to convert your coins to fiat.
People use fiat because they want, but they're forced.
You're joining a bitcoin forum and asking a bank question, I don't think you'll get any fair answer here. People who invest in bitcoin mostly hate banks, and they come to it because they hate the centralized system and the bank's control. But it is a fact that even if we invest in bitcoin, we cannot stop using the bank. But you will find many people here will badmouth the bank even if they still use it daily, and it is almost impossible to get rid of it.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
When it comes to savings, I would think of a bank or keeping money in a safe. But with bitcoin's volatility, I don't think it's appropriate to call it savings. So I usually don't like to compare banking and bitcoin. Furthermore, whether banking or bitcoin has its pros and cons, and my point is never to put all your assets in one place, never to put all your eggs in one basket. Diversity is something I always think about.
The money for investment I will deposit in bitcoin and the savings I will bank or keep in my safe. We need to diversify and allocate assets properly to both ensure safety and bring our best interests.
Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Keeping your money in the bank is simply empowering the banks with money that they can use to pursue other investments and at the end, they give you a little percentage of any profit they make as consolation. I feel cheated thinking of it like that, so I prefer to keep my money in bitcoins with my keys kept safely. Bitcoin is not just a something for investing, there are other good things Bitcoin can do, so you should not just call Bitcoin an "Investment platform". If you tell somebody new about bitcoins like that, that is the only idea the person will have about bitcoins until they decide to find out more.
Currently I cannot rely on the banking system. Our country's banking systems have become very risky, banks are just cheating people, looting corruption is more in banks now. I think Bitcoin is a great investment asset compared to banks.Bitcoin hedges against inflation which makes it a great store of value. I think Bitcoin investment returns are high, but bank investment returns are very low. Bank savings are slowly losing their money value due to inflation in the country.Banks only take opportunities from investors. I think bitcoin investment can change a person's life a lot, which banks never can.
I prefer to keep mine in Bitcoins because indirectly, it will be a long term investment that can pay off big. I've seen how to invest in a bank. It won't give us a big advantage even if we hope to get a small profit. It's a bit difficult.
But most people still prefer to invest in banks because they have been doing it for a long time. If they know much about Bitcoin, they will prefer Bitcoin over banks even though the risks of ups and downs will be greater than banks.
And even though you save money in the bank, the interest rate you get is also small because you must pay monthly fees. But it will depend on what people choose, but most people here would like to keep their money in Bitcoin rather than a bank.
But most people still prefer to invest in banks because they have been doing it for a long time. If they know much about Bitcoin, they will prefer Bitcoin over banks even though the risks of ups and downs will be greater than banks.
And even though you save money in the bank, the interest rate you get is also small because you must pay monthly fees. But it will depend on what people choose, but most people here would like to keep their money in Bitcoin rather than a bank.
I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
There's no such investment in banks, you're only save your money and you pay them since they hold your money, that's. If you think bank deposit interest rate can grow your money and it's already cover the monthly fees, well it's true, but you also need to calculate the inflation rate in your country, which mean your interest rate is only used to pay the inflation rate, so you're not earn anything.Bitcoin doesn't offer interest, it's Proof Of Work coin, not Proof Of Stake where you can use it to stake your coin and earn interest rate. Bitcoin is secure and not risky, as long as you can accept the risk.
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