Topic: Is Your Money Safer In Crypto than at the Bank? - page 55. (Read 9916 times)
I ts very difiicult question and i dont think anyone could answer it pefectly but as we all know from 2008 and ealrlier people lost everything just in one day like if they were lost thier private key from wallet i think ,crypto will be much more safer one day.
It depands what do you mean by "safer".
If you mean secureness, then yes, my ledger is safer then any bank.
If you mean the way of investment (holding and converttion to USD), then no, crypto is very unstable now.
If you mean secureness, then yes, my ledger is safer then any bank.
If you mean the way of investment (holding and converttion to USD), then no, crypto is very unstable now.
We can say that money is safer than the bank because this is market where price go up and down and portfolio money also fluctuate with it. Money may be dead or double and triple in this field. So invest carefully and make strong and big heart for this, Otherwise leave the crypto market.
I don't think my money is safer than the bank. I think the cryptocurrency is not mature enough and the banking system is very mature. If some hacker will stole my coins from my wallet I will just loose my coins.
I think that long-term investment is more than a good way to invest money and is much more profitable than bank accounts.
well for me it's the same because it can be hacked but investing in the crypto is more profitable.
I do not believe that my moeny safer in any crypto rather then in bank just because crypto market is so unstable, so for only keeping your money safe it do not suit.
In fact, in some countries, the fact that funds are placed in banks may not necessarily be safe, but people do not have better choices. Thus I believe that the investment in Bitcoin and another altcoins will be even more profitable, but it is still the most secure and remains to be discussed.
I think if you keep your money in traditional assets such as Gold, land, Home etc is safer than crypto or Bank. However if i have to choose one, bank is safer than crypto. The bank is more secure for money. Though cryptocurrency is very dependable and very reliable to invest on but is not that save in terms of security. So I choose Bank.
I am tempted to say bank is more safer because of the current volatile crypto market. But if I am to advice you I will say go for crypto, but not just any Cryptocurrency go for a Cryptocurrency that seems stable, for me I choose EON protocol, and most of my money is there, this is because of its more profitable.
Your money in bank is static, while in Cryptocurrency can be a profitable investment
Banks have many ways to rise your investments with holding them but crypto is more suitable and modern way to do it. But I am for banks because crypto requires too many aspects to be safe.
Bank is the best option for the safety of your money . I don't think crypto is safe.
it really depends howe long you want to keep your money. in instances where you are planning to keep the cash for a short span of time then bank will be a suitable place for you. someone who is planning to keep his cash for a long span of time should consider crypto. this is because its way profitable when compared to the bank. apart from that if you keep your money in fiat for a long span of time it will loss its value. Read about it here. https://www.officialdata.org/1960-dollars-in-2016?amount=1
I do not agree with your statement, the Bank in my opinion the money will be much more secure than in crypto
I think that the safest way to keep your money is to buy crypto and locate them to Ledger. Then you can go to the bank with your lawyer and make an agreement, that this keeper might be opened only with both of you.
In the current economy and the critical situation on the market, I would not advise keeping my money in the bank, because it seems to me that such vehicles can definitely be dangerous. Just think about it. It's not safe.
Security is still the number one bank. Because the bank is the bank of the country, it is the place where the country uniformly distributes coins. The cryptocurrency is just a place to make money. It has to make a profit, and its risk is one hundred times larger than that of the bank.
Bank is safer. And when we lose our money in the banks we can complain to them. But when we lose our money i crypto where we will complain, there is no regulation.
The problem is that if someone hacks in to your crypto-wallet, all of your money is gone. But if the same happens with your bank account or credit card, then the bank will reimburse that amount.
It seems to me that the most acceptable option is both. We must always have some kind of insurance. Although everyone knows that the bank is not 100% reliable place. How many cases were when quite a few banks declared themselves bankrupt.
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