Bitcoin or banking investment? - page 2.

EarnOnVictor

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Quote from: Xampeuu on August 07, 2023, 01:02:41 AM

Quote from: Odusko on August 06, 2023, 02:42:40 PM

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

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 an investment? Bitcoin or bank! What's your reason?

Bank savings is not an investment unless you have your entire balance in a fixed saving plans and left untouched for a long period of time to generate certain percentages that are minimal around 10% to 15% highest.
So that can't be compared to Bitcoin which is an asset that has high volatility and in most cases it chart has moved in a particular direction that has perceived to be more up trend than a downtrend and what that mean is that the possibility for Bitcoin to make uptrend price movement is higher than the possibility of decline lose price. So ultimately Bitcoin is a more favorable investment tool compared to bank savings

of course when talking about investing in bitcoin it is more profitable than keeping it in a bank, an increase in bank interest rates is nothing more than an increase in inflation that occurs, but by investing in bitcoin, the increase in value is many times more than the inflation that occurs. therefore, while bitcoin has not been used by many people, the opportunity to invest is very large, moreover, bitcoin adoption is growing and that is the opportunity we should take advantage of

Let me discuss this as an investor and not a random person, both (Bank and Bitcoin investments) could be useful if planned rightly. Although if you are the type that knows how to speculate on Bitcoin very well, you might be able to hold the Buy and Sell positions on your wallet and spot platform interchangeably depending on the trend of the market. By doing so, you will amass a lot of money in just a year. But if you are such that would pump and hold only, then both Bank and Bitcoin investments are what I advise together, only that you would be wise with the investments.

You can see that there is no general approach to this, there are times that Bitcoin will perform well and the investment would worth it (strong bull run moments and season of long-term bullish trend) and there are times that Bitcoin will frustrate your investment (long-term bearish trend). As an investor, one could invest in Bitcoin during the strong bull run season that is long-term, and invest in the bank or elsewhere during the long-term bearish trend.

After all, this is a win-win approach.

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Quote from: rikybrosh on August 06, 2023, 09:52:34 PM

don't forget about inflation. although you get little percentage of interest but you cannot avoid the inflation as long as your fund is in form of fiat. it is just my personal opinion but I don't really feel the risk of investing in bitcoin. before I become a day trader I just a long term bitcoin holder. Sometime I put some amount of my btc in local exchange and leave it for 6 to 12 months and there is nothing bad that happen. I just see my money value grow.

I always prefer to invest in bitcoins because I think investing in bitcoins is safe. Investing in bitcoins will never cause inflation. So I prefer investing in bitcoins than keeping money in banks. Keeping money in banks can cause inflation. So I don't keep money in bank. But I have made good money by investing in bitcoins. I invest at right time and sell bitcoins at right time. I get good amount of profit every month.

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Quote from: Haunebu on August 07, 2023, 01:42:19 AM

It's a pretty simple choice for me. BTC! Because I like popular cryptocurrencies like BTC, USDT etc way more than traditional FIAT currencies and I am prepared to take higher risks in this case.

I would store them in secure hardware wallets like Trezor etc instead of leaving them in exchanges.

FIAT is more secure for sure and you stand to earn stable interest in the long-term, but popular cryptocurrencies like BTC could potentially help you earn way more as long as you know what you are doing.

this depends on the user himself. banks can give you assurance that your fiat money won't disappear overnight. but the interest is almost negligible. the reason you will be storing your funds in the banks is for security purposes only not because you are aiming for the interest that it may earned. however, if you want a more thrilling action, you can explore your options with bitcoin or other alts. however, you should know the risks involve because the price movement here is very fast. so if you are looking for long-term, you should opt for top alts esp btc. this question is appropriate for crypto holders. because those noncrypto users, won't bother about btc market as for them, they feel safer to have their money inside the banks.

Haunebu

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It's a pretty simple choice for me. BTC! Because I like popular cryptocurrencies like BTC, USDT etc way more than traditional FIAT currencies and I am prepared to take higher risks in this case.

I would store them in secure hardware wallets like Trezor etc instead of leaving them in exchanges.

FIAT is more secure for sure and you stand to earn stable interest in the long-term, but popular cryptocurrencies like BTC could potentially help you earn way more as long as you know what you are doing.

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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 chose Bitcoin. Because in the country where I live, inflation is increasing day by day. So at this time I think it is better to invest in bitcoins than keeping money in our country's bank. Investing in Bitcoin can protect against inflation. So I invested in Bitcoin considering all aspects.

Xampeuu

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Quote from: Odusko on August 06, 2023, 02:42:40 PM

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

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 an investment? Bitcoin or bank! What's your reason?

Bank savings is not an investment unless you have your entire balance in a fixed saving plans and left untouched for a long period of time to generate certain percentages that are minimal around 10% to 15% highest.
So that can't be compared to Bitcoin which is an asset that has high volatility and in most cases it chart has moved in a particular direction that has perceived to be more up trend than a downtrend and what that mean is that the possibility for Bitcoin to make uptrend price movement is higher than the possibility of decline lose price. So ultimately Bitcoin is a more favorable investment tool compared to bank savings

of course when talking about investing in bitcoin it is more profitable than keeping it in a bank, an increase in bank interest rates is nothing more than an increase in inflation that occurs, but by investing in bitcoin, the increase in value is many times more than the inflation that occurs. therefore, while bitcoin has not been used by many people, the opportunity to invest is very large, moreover, bitcoin adoption is growing and that is the opportunity we should take advantage of

rikybrosh

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don't forget about inflation. although you get little percentage of interest but you cannot avoid the inflation as long as your fund is in form of fiat. it is just my personal opinion but I don't really feel the risk of investing in bitcoin. before I become a day trader I just a long term bitcoin holder. Sometime I put some amount of my btc in local exchange and leave it for 6 to 12 months and there is nothing bad that happen. I just see my money value grow.

Odusko

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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 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 an investment? Bitcoin or bank! What's your reason?

Bank savings is not an investment unless you have your entire balance in a fixed saving plans and left untouched for a long period of time to generate certain percentages that are minimal around 10% to 15% highest.
So that can't be compared to Bitcoin which is an asset that has high volatility and in most cases it chart has moved in a particular direction that has perceived to be more up trend than a downtrend and what that mean is that the possibility for Bitcoin to make uptrend price movement is higher than the possibility of decline lose price. So ultimately Bitcoin is a more favorable investment tool compared to bank savings

Dimitri94

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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 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?

Bitcoin is considered better or suitable investment that will largely depend on an investor's perspective. It is common for someone else to consider something negative or positive. But if one does not deny the possibility and reality of the future, then surely he will give importance to Bitcoin.

Bitcoin is a cryptocurrency that is completely decentralized. which has no control. In the traditional system the bank is controlled by the central bank or the government of that country but Bitcoin is not controlled by anyone. An investor is completely safe in this case. It is a great tool to protect against inflation. Bitcoin has good acceptance in the world, so there is a chance to get high returns if someone invest.

Normally for money transfer a bank requires the help of a third party which is not required in Bitcoin. However, the positives are mixed with some negativity. But overall I think Bitcoin is better than bank investment.

piercekieran99

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I can say both Bitcoin and banks have their pros and cons, and there's no one size fits all answer. It's all about finding what aligns with your financial goals and risk appetite, gl dude.

passwordnow

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Bitcoin.
I am not sure if someday these news will happen to the local banks that I can choose to keep my money.

Lebanese cannot access money in banks since late 2019
Unrest, Protests In China As Banks Stop Customers From Withdrawing Money From Their Accounts

That's why bitcoin works perfectly as both. As an asset and as our own bank for which we can withdraw it anytime we want from our wallets.

EFS

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I don't understand this type of threads in this forum. We choose Bitcoin because we don't trust banks and governments. One day they may confiscate all your money and you can't do nothing about it. You can't even withdraw your own money without letting know the bank one day beforehand. You better put your savings in your cold wallet if you want to control your own money.

Bebe22

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Both investment options are profitable. Although, as they have their pros, they also have their cons, like how Bitcoin is risky and money saved in the bank can still be affected by inflation when inflation increases more than the interest on the amount saved. I'd pick Bitcoin though but I wouldn't advise anyone to lean solely on it. There are a lot more valuable assets an individual can own.

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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 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?

Depending on which bank and in which country you live. Private bank or state. A lot depends on this.
We should to understand what the goals you want to achieve. If you want to invest in long time, I'd say that bitcoin is better, than bank. If you need to save your money for a short time, maybe the reliable bank would be better, because bitcoin price can be grow or fall and we don't know it for sure. So, we need to know your aims, a lot depends on it.
Neither bitcoin nor bank not will reliable for 100%. Both have their downsides. The bank may go bankrupt and the volatility of bitcoin has not been canceled
It's just my point of view.

Iadegbola34

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Personally, I'd go for a mix of both. Bitcoin can be risky but offers high returns, while banks are safer but have lower interest rates. So, I'd put some money in Bitcoin for potential growth and keep the rest in a bank for stability and easy access. It's about finding the right balance that suits your goals and risk tolerance. But hey, I'm not a financial advisor, so it's always good to seek professional advice too!

rojan

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Quote from: Z_MBFM on June 11, 2023, 12:11:54 PM

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

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?

Investment in bank is safer than Bitcoin but the profit from investment in bank is very less and if you invest in bank it takes 12-13 years for the money to double. But if you invest in Bitcoin it is possible to make 2x-3x money in 1 year. So I think to keep pace with that digital world we need to focus more on digital currency. So bitcoin investment will be much better than bank investment

Yes if Bitcoin can be invested at the right time we can get good amount of profit within one year. But if money can be kept in bank then we will not get much profit. So if we want to get good amount of profit then we have to invest Bitcoin. If we keep the money in bank. In this way, our money will be safe. If we invest Bitcoin with this money, then our money will be at risk. The market of Bitcoin fluctuates sometimes, so our money will be at a little risk.

Z_MBFM

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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 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?

Investment in bank is safer than Bitcoin but the profit from investment in bank is very less and if you invest in bank it takes 12-13 years for the money to double. But if you invest in Bitcoin it is possible to make 2x-3x money in 1 year. So I think to keep pace with that digital world we need to focus more on digital currency. So bitcoin investment will be much better than bank investment

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Quote from: nesty on June 11, 2023, 05:07:11 AM

For me i would choose both Bitcoin and banking investment. Both have different advantages and disadvantages, and the choice would really depend on your financial goals and risk tolerance. Bitcoin is a decentralized digital currency that operates on a peer to peer network without the need for intermediaries like banks. Advantage of bitcoin is that it offers potential for high returns due to its volatile nature. This also means investing in bitcoin carries a high level of risk, as its value can fluctuate rapidly and unpredictably. For Traditional banking investment it is considered more stable and less risky than bitcoin. Banks offers different kinds of services like savings accounts, credit cards, mutual funds etc. It can provide a steady returns over time. Investments in bank typically offer lower returns compare to bitcoin. I choose to invest in both because i have financial goals on both investments.

Bitcoin or the good old bank? Seems like you're straddling the digital and traditional worlds! But envisage a scenario where crypto is king, and you're still attached to old-school banking investments. A bit crazy, right? Bitcoin - you've heard of the saying, no risk, no reward! The absence of middlemen, the freedom in the digital monetary space—feels like breaking free from traditional financial chains, no?

While I get the appeal of the solid ground that banking offers, always remember, smaller risks yield smaller gains! Is that a trade-off you can swallow? Choosing to spread your investment over both? Well, that’s a smart, measured move! Yet, don't you think Bitcoin's towering growth potential far overshadows the incremental yields of traditional banking investments?

Mr. Magkaisa

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- Now that I know about Bitcoin or cryptocurrency, obviously I prefer to put my money in Bitcoin and not in the bank. Money can only be saved, why only with low profit when there is something else that can grow money a lot and that is bitcoin. Although there is also a risk in banking, especially if there is a problem with inflation in each country.

Bitcoin is proven and tested when it comes to long-term investment and there is a lot of profit here, although the risk associated with it is its volatility, but for me that's okay.

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Quote from: nesty on June 11, 2023, 05:07:11 AM

For me i would choose both Bitcoin and banking investment. Both have different advantages and disadvantages, and the choice would really depend on your financial goals and risk tolerance. Bitcoin is a decentralized digital currency that operates on a peer to peer network without the need for intermediaries like banks. Advantage of bitcoin is that it offers potential for high returns due to its volatile nature. This also means investing in bitcoin carries a high level of risk, as its value can fluctuate rapidly and unpredictably. For Traditional banking investment it is considered more stable and less risky than bitcoin. Banks offers different kinds of services like savings accounts, credit cards, mutual funds etc. It can provide a steady returns over time. Investments in bank typically offer lower returns compare to bitcoin. I choose to invest in both because i have financial goals on both investments.

It's okay not to keep all your investments in Bitcoin, always diversify your investments. Just as there is risk of loss due to high volatility in the price of Bitcoin, the profit margin due to volatility is also higher , but this does not mean that people will leave the banking sector and start all their investments in Bitcoin.

Investment in the bank gives you a lot of offers which are quite helpful in day to day use. Bitcoin investment is a long-term investment whereas banking system is something you need in your daily life and all the time. both are very important in our daily life but still less people are aware of Bitcoin compared to Bank. It is the responsibility of all of us to create awareness and inform people about Bitcoin.

Topic: Bitcoin or banking investment? - page 2. (Read 1381 times)