Topic: Bitcoin or banking investment? - page 11. (Read 1370 times)

Banks saved millions of people?

First, Banks aren't an investment platforms. Though some banks are being listed on stock exchanges, the bank itself isn't an investment platform, but they act as a storage of your money so that they can protect your money. That's the problem right now. Many people really thought that it would be better to put your money in the banks, and just let it stay there for the sake of safety, but little did they know that the value of their money is slowly going down because of inflation. They don't know this because of lack of financial literacy, and the banks are taking advantage of it.

Second, helped millions of people? Well, maybe some people got some help with the banks, but that's their to cover up what they really are doing. They are profiting on your own money thru lending it 10x (fractional reserve banking). Just imagine this. You're being fooled by the banks, you store your money there knowing that they can keep it safe, and on the other hand, they are lending out your money to other borrowers, and getting profit from it, while you the depositor loses money thru inflation. What a shame these banks are doing to most of the people out there.

Well, I guess old people are the ones who taught that putting your money in the banks is the way to go. For us new generation, putting it in the banks is a no-no (or at least for me). Even though I have this hate feeling for banks, I'm still using them right now as a storage of my emergency funds (kind of ironic).

If I would choose between the two, it would be Bitcoin. Higher upside returns, higher profit, and I'm happier instead of putting my money into banks where yes they are giving interest on a yearly basis, but the inflation is very high that it covers that interest, so in the end you lose some value of your money. Bitcoin is more risky, but I would take the risk because I know what I'm doing already.

I actually wouldn't mind having both, but with how much a bank can give you versus how much Bitcoin could give you in terms of profit, I'd rather take the risk and focus my money more on Bitcoin. Secondly, fiat is fast losing value. What you can earn from your bank investments could easily be made worthless by the inflation rate.

This is not to mention the non-numerical side of things. Bitcoin is a lot interesting beyond the numbers. That it's trustless, immutable, censorship-resistant, and so on also matter a lot. They all play a role in the decision-making.

The pace of inflation is not as rapid as you might envision. You won't experience significant losses when depositing your money in a bank. The proceeds from your deposit can still be used to purchase something, even if its price has slightly increased, and you will still benefit from the deposit you made. Another advantage you can gain from banking deposits is that there are people safeguarding your substantial sum of money. It serves as an additional layer of security to protect you from potential robbers.

As for Bitcoin, it is indeed true that this instrument carries extremely high risks. However, you can manage the level of risk you're willing to face by limiting the allocation of funds for Bitcoin investments. Align the amount you invest in Bitcoin with your knowledge of cryptocurrencies. Avoid making foolish decisions solely based on personal theories of luck, as that would be quite absurd.

I shall persist in investing in Bitcoin as long as my wealth has not yet attained the desired gains that I anticipate through allocating it to bank deposits.

You can save or deposit your money in the bank but keeping money in the bank is not called investment. Because if you keep money in the bank there is no possibility of your money increasing or decreasing even though you will be given some interest monthly based on the money. But in the case of Bitcoin it is completely different investing in Bitcoin has the potential to grow as well as the potential to lose money. And we can consider Bitcoin as a good investment medium.  Investing in Bitcoins is wiser than keeping money in the bank because investing in Bitcoins has great potential for growth, although investing in Bitcoins is somewhat risky but risks must be taken to achieve success.

Banks are not investment platforms, they are places where you store your fiat currency that continues losing its value due to inflation and constant money printing since fiat has no cap.
Bitcoin is also not an investment although it can act as one since its price has gone up in the long term so far and it also has tremendous amount of potential for more growth. Bitcoin is a currency that is in its infancy so it is still being adopted slowly by the world hence creating the volatile market and creating investment opportunities.

investing in a bank is something we definitely do, because after all we will need a bank, but as far as I know investing in a bank the profits are small unlike investing in bitcoin which of course always generates big profits,
and I chose to invest in banks and bitcoin with the aim of getting bigger profits. but the difference is investing in btc only using idle money because investing in btc has a higher risk such as a fall in the price of btc.

- Banks are not investment platforms. They are places where you keep money and sometimes it gets stolen right under your nose.
- Bitcoin is an investment that increases over time.
- Old people choose to put their monies in the banks that for them is the most secure place they have know since they were kids. Young people on the other hand prefer bitcoin because they get to control their money, the ease of access or convnience and fast transactions for payment purposes.

There is nothing wrong in keeping your money in both places, but you have to do it smartly. Maybe in ratios or whichever method pleases you. Say 70% bitcoin and 30% banks. My reasons are that bitcoin is where I feel safe after having a terrible banking experience with cross border payment and other stuff.

Bitcoin and traditional bank investment serve different purposes and have varying levels of risk and potential income. Bank investments, such as savings account and certificate of deposits are generally considered a low risk options that offer a guaranteed return on investment. This products are insured by the Federal Deposit Insurance Corporation (FDIC) it means that if the bank closed the investment is protected up to a certain amount only. However the return of investments are typically low. Bitcoin is decentralized digital currency that operates outside of traditional banking system. Its value can be volatile which means that i has a higher level of risks, but it has much higher returns compare to traditional banks. I would choose both because i wanted to diversify my portfolio.

In my opinion, investing in a bank can be called good for the short term, but for the long term, I think it will be affected by inflation.
but if investing in bitcoin it will be suitable if used for long-term investments because it has the potential to not be affected by inflation because the price of btc will potentially rise in the future, but if used for short-term investments there can be potential losses because btc prices fluctuate.

so I think in this case it depends on the situation and circumstances.
so i think investing in bank is important, and investing in btc is also important.

I guess you are asking the community wherein we invest our money on Bitcoin, so yeah, the answer is going to be obvious. Although there are big reasons why,  if you look at Bitcoin's return every bull and bear cycle, it's greater as compare to the bank bearing interest program.

So nothing beats BTC as far as investing, of course there's nothing wrong with investing into a bank if that is your strategy, but the interest will not even enough to cover the inflation rate, thus your money returns are that small and on the contrary, you are not getting any gain from the money that you have deposited.

I absolutely hate the banking system of my country because they run their banking system through complete irregularities. Moreover, the banking interest system is very low and if you keep money there, it gives interest at a very low rate. And if you invest in Bitcoin, the banking system is much safer and the amount of profit is also higher.

Banks aren't really designed for investing. Because they are a bank and they are for the deposits and if ever they offer some investment products, it is far from the projected profit that Bitcoin can give. I prefer to have a bit of savings to my bank but a bigger part of my wealth in Bitcoin and I mean this. Like, I do not have much money on my banks account but I am happy with what I have as per holding Bitcoins. And that is why someday I am hoping that it will be more than what I am expecting to earn for which I will never earn from investing through bank.

Remember not all who invest bitcoin or any cryptocurrency succeed to gain profit, most don't, especially those who doesn't know what patience is.
Investment in banks are not profitable, sometimes you will get no interest, or even negative interest. It might sound a better place for saving your fund but it is not. Many banks can file bankruptcy and you cant do anything once they do and you will lost your money.

Banks provide low interest on our savings, but when we go for a loan we'll be charged heavy interest. This is how the banking system is functioning all around. There are more investment plans, and few are really nice and a must for common people's life. In that stance I always have diversified portfolio. As private firms doesn't provide with retirement, I prefer investing on a retirement scheme.

It is true that just saving in terms of bitcoin is more than enough to have retirement fund and enjoy life. However my thoughts were of receiving a stable amount and that had made me go with retirement scheme and savings were in the form of bitcoin and other cryptocurrencies.

IMO, the choice between Bitcoin and banks depends on your risk appetite and understanding of the respective markets.  If you prefer the potential for high returns and are willing to accept the accompanying risks, Bitcoin might be an option for you and if stability, security, and more modest returns are your priorities, then keeping your money in a bank may be a more suitable choice.

But since Bitcoin is very volatile and many people already understand this, they think storing value is a good idea that saving your money on the bank which the banks making a profit on your money.

People are made to believe that the bank is the most and the only reliable place to invest and keep our money, but the bank is really using our money for business and making more money with it, as they are just giving out little profit as a return on our investment.

Bitcoin is a store of value; land is also a store; and money is also seen as a store of value, but I think that money is not a real store of value because a real store of value appreciates instead of deteriorating in value. If one decides to keep money in the bank for some years (as fix deposit), the value of the money might have gradually deteriorated before the person decides to use it; even the little interest that the investment has earned cannot buy a thing in the market because the value of the money has reduced.

Bitcoin has a limited supply, and despite the price volatility, if one invests in Bitcoin and holds it for a long time, they will sure sell during the bull market and make a huge profit depending on the amount they invested. So bitcoin investment is what anyone could ever think of choosing rather than investing in the bank. But for the record, a good economist or a financial maximalist don't only relay on one investment source, they diversify their investment and also keep some fiat money in the bank, perhaps not as investment.


Bank can be a financial institution were every financial activities takes place but still can serve the purpose for individuals to invest their money through fixed deposit (as it's being called in my country). Bitcoin can also serve the purpose of investing your money into it.

Banking investment is compound interest and it's not an investment to be compared to bitcoin. Bitcoin is a general contribution of money by different people all over the world. The higher the number of holders and trading increases the price reflects to the trend and vice versa. While compound interest has to do with how much you invested into the bank. Another person's investment can not affect your investment; you earn nothing from someone else's investment. In bitcoin we all gain profits if someone purchases bitcoin. The value of bitcoin increases and fiat buying power is drastically falling. I'll choose both bitcoin and bank, but won't go for banking investment; compound interest.

I would prefer to save my money in bitcoin for long term, the key word being long term. Bitcoin is a volatile asset, so if it’s money I may need anytime soon then I would be a good idea to save it in the bank. Saving money in the bank isn’t an investment, the primary function of the banks is to protect customers money and give loans to customers when needed.

Its a hard choice cause first of all. Bitcoin is somehow an investment on my opinion and leaving your money on the bank isnt comparable on bitcoin as investment. Bitcoin is highly volatile and the risk associated with it is very high and has cosiderable tisk apetite while in bank its not that much. Why? Cause how often a fiat currency price move far or low beyond its price? Onlt the value of it changes based on inflation. So if you are planning to invest and want more. I think you knew which have more chance of winning.

Did you just say banks SAVE people’s finances? Hah! Good joke! Banks only screw up people. You just choose if you wanna be screwed short, mid or long term. It’s a business, not a charity, man!

Banks are slowly transforming. They’ve got to do this because:
1. CBDCs are on their way
2. Crypto is becoming more and more adopted.

Do you see a connection? CBDCs, crypto? They’re somewhat a similar subject, a digital currency. So if banks need to grow by adapting to the future and the future is Bitcoin, what are we even waiting for? Invest in a bank which has been doing banking for a hundred years or invest in something that’s changing the future as we speak?