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Topic: My Bitcoin beat Bank interest rates and inflation. :-> - page 4. (Read 473 times)

legendary
Activity: 2674
Merit: 1226
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Well done to you, Kakmakr, I think Bitcoin has outperformed almost every currency and every bank in terms of interest and inflation. In fact I would say it's beaten every bank and currency but I don't have the numbers to back it up so let me be cautious;)

I would say that my savings is still performing well though.

I did not exactly calculate but I had my first BTC (as payments) around mid 2017, and then about every few weeks to 1 month until today, so I probably end up around where price is today in terms of average?

But since 2017, my savings in government trust fund (pension) is 6/7% per year, with inflation also 1-2% per year... plus it is guaranteed by government.

I still think that's a good risk balance.
legendary
Activity: 3542
Merit: 1965
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In the last couple of days, I made more profit from selling a few coins, than what I would have been making in 3 years with the interest on my savings in the Bank.  Wink  I get about 5% yearly interest on any deposits that I have in my saving account at my Bank and I just sold some coins for a 20% profit.  Grin    Grin

So, I do not know what kind of interest you are getting and how long you have to wait for that, but my Bitcoin investment has just crushed the Bank saving option.  Wink

I also love the fact that my investment in Bitcoin is growing much faster than my local inflation rate of +/- 2%  Wink

Let's discus your local investment options compared to the returns that you are getting from Bitcoin and let's see who is the winner in this fight to beat inflation.  Wink
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