Bitcoin or banking investment? - page 12.

Coyster

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Quote from: FiveG on May 27, 2023, 04:42:21 PM

I believe bitcoin and banks are well renounced investment platforms...

Neither Bitcoin nor the bank is an investment platform, Bitcoin is a decentralized currency, whilst the bank is a place where you keep your fiat currency, and perform other financial activities.

Quote from: FiveG on May 27, 2023, 04:42:21 PM

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.

Bitcoin price is volatile, so that makes it a viable investment option, thus you can invest in Bitcoin if you are patient and you know how to keep it, definitely not in an exchange, but in a non-custodial wallet. Use the bank if you basically want to keep your fiat safe, but if it is attractive ROI you seek, thus you must be ready to take risks (and it isn't peculiar to just Bitcoin).

Quote from: FiveG on May 27, 2023, 04:42:21 PM

Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

I do it in three ways: i keep fiat in the bank (but not as an investment), i keep Bitcoins in cold storage, that's my Bitcoin investment, and i have Bitcoins in a hot wallet i use when i want to spend Bitcoin.

Zaguru12

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The high demand of bitcoin doesn’t makes it risky Infact it will only help to minimize the volatility rate. Bitcoin is more preferable as an investment rather than having fiats in banks because with bitcoin you have total custody of your funds and this will help save the stress of having not to worry about bank closing down due to either bankruptcy or it’s likes. Bitcoin is a great investment asset because it hedges against inflation which makes it a great store of value. The decentralized nature of bitcoin which makes its price to been manipulated by a group of people or government is why it is my choice against fiat as an investment asset. Holding bitcoin as an investment also edges fiat because it has the potential to grow in price.

Nwada001

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Many people choose Bitcoin because they believe in it and are tired of being under the control of the financial sector. While many also still choose the banking sector because they believe in it, either way, both parties have something in common, which is '"believe." You will always choose to use and trust what you believe in.

Quote from: FiveG on May 27, 2023, 04:42:21 PM

Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

To answer your question, first using the banking system for saving of money can not be seen or address as an investment, unless when you actually deposit those money under fixed deposit or which ever means of savings which the bank uses to give deposits a little reward.

I choose Bitcoin rather than the bank because Bitcoin is an asset that gives me total control over it. I can spend it when I want and use it how I want. That's what total control is all about. Which the bank system doesn't give to their customers. Bitcoin's volatile nature makes me also choose it as an investment, since volatility is what makes it risky, but it's also what gives me a higher chance of earning a profit from it through price change.

FiveG

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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?

Topic: Bitcoin or banking investment? - page 12. (Read 1370 times)