Topic: Feeling bitter in banks? - page 10. (Read 1083 times)
No, I love to read about those comparisons, because it is very interesting and also important to inform the publicity about the fiat money robbing system and show and explain the alternatives. Because based on the info and experience I have with fiat money and banks I am pretty sure that most things will get solved as soon as we use independent and decentralized systems. As an example I want to name the two big world wars that were financed by banks and their money printing system!
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
We are directly or indirectly supporting crypto and its business. When we talk about currency market, crypto and local currencies/fiats fall in. Its business among these two. Any currency, in order to gain value has to compete with each other to grow forth and here the competition is between fiats and cryptos. So as we support crypto, why should we be tired of debating on crypto ruling over local currencies or vise versa? Let’s join together and bring forth crypto in currency market.
I'm not totally sick to hear those words coming from the others because I umderstand that they just only sharing their thoughts about the benefits we could get if ever cryptocirrency dominates. Another, I'm not also bitter to banks because I not yet using it so i'm not on the right position to express bad criticisms about it.
But in my opinion, I think current banking systems will not be easily replaced by crypto because of the fact that this is the conventional monetary system that we have and accepted worldwide, and besides we can still see loopholes on the concept of crypto. I'm not saying that this shifting is not impossble to happen since we are now in a modern age but I'm sure that it will take plenty of time before it happens.
But in my opinion, I think current banking systems will not be easily replaced by crypto because of the fact that this is the conventional monetary system that we have and accepted worldwide, and besides we can still see loopholes on the concept of crypto. I'm not saying that this shifting is not impossble to happen since we are now in a modern age but I'm sure that it will take plenty of time before it happens.
In saving money to bank, you just gain 1 or 2% annual interest. In cryptos, if you are really watching the price, you can gain more at the right time when the coins are of high price. Still I am not bitter, I still find the banks safe. The only thing is that you just save but you do not gain more.
Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.
Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit....
Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.
Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit....
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes it's good one.Many people in this forum are waiting for the bitcoin replace the paper currency and bank.Now are days,bank sector charging for many things.They are charging money to withdraw our own money.If the transaction in terms of bitcoin,we no need to pay anything to bank.
it depend on your ability to bear risk , crypto gave you more profit and the risk is very high, the profit you get in bank is little and the risk is very low
that why i said it depend on your ability to bear the risk
that why i said it depend on your ability to bear the risk
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I'm not sick and tired of that actually, banks have screwed up, fiat has screwed up, there is some truth in what they say.
Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.
Kind of and it isn't because I don't think banks haven't screwed us over. It is because this kind of future doesn't seem pragmatic and well grounded in logic. It seems like it is routed in anger and when you do things out of anger rather than passion or reasoning, you are asking for trouble.
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
I'm not sick and tired of that actually, banks have screwed up, fiat has screwed up, there is some truth in what they say.
It is not because of bitterness but it is just about comparing new things with the present system to see the advantages and disadvantages of both sides.
Just analyzed where you can feel safe in banks or in crypto. Both has a risks in banks it is supported by the government although the return of profit is small but you can less risks. While in crypto their is a huge risks also but can gives us a good profit than banks. If doubt, search what is better.
Not realy feeling bitter but already realized that your investment in the bank is just a keepsafe but not growing, in other word you just keep it for security, but the banks benefited more from your money. Therefore if you want to see real profits, this time crypto world has a lot to offer
As long as the bank has not been replaced by crypto and its technology then I would not feel tired to continue to compare banks and crypto so that more people realize after reading this post that crypto is present to spray the banking system that has been detrimental to many people.
Well you know there is nothing wrong with banks or cryptocurrencies and all the people who support them but the thing is the bank and the government sector are opposing the cryptocurrency in a manner that is not fit they are doing that using all their power and eradicating the cryptocurrency this is what is driving the people insane.
Without any fair warning the cryptocurrencies are getting banned and also the usage is getting Limited and that's all because of banks and the big personalities which is causing the price of cryptocurrencies to decline in many countries and all the investors can't do anything instead of being bitter about them.
Banks are important no doubt so are the cryptocurrencies but its not being treated equally and fairly around the world since most of the world is dominated by banks there is no fault of people they are just simple investors.
Without any fair warning the cryptocurrencies are getting banned and also the usage is getting Limited and that's all because of banks and the big personalities which is causing the price of cryptocurrencies to decline in many countries and all the investors can't do anything instead of being bitter about them.
Banks are important no doubt so are the cryptocurrencies but its not being treated equally and fairly around the world since most of the world is dominated by banks there is no fault of people they are just simple investors.
Everyone know if you want a safe money you will put in a bank acount. For me I think that is one of the best decisions ever. Because if your money is in your hand. You can lose your money easily. but when it comes to obtaining a good profit. Just put your money in investment
This is not fully right, becouse banks are just making their money, just same as we are making our here. But they will learn how to stand even in crypto economy =)
I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?
Yes, very. In our time we still need our banks to do something for us. Like if we buy a mortgage for our homes. Can you buy a house in cash? No? Then shut up.
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