Save your money in a bank or invest in crypto market

Mehmet69

member

Activity: 69

Merit: 2

Quote from: ? on Today at 05:28:00 AM

The decision to save your money in a bank or invest in crypto,depends on several factors,including your financial goals,risk tolerance and time horizon.
Here are some points to consider.

Saving in a bank:

Fixed return,earn a fixed interest rate,other it may be low.

Liquidity,easy access to your money when needed,you we just scandal all your money just like that,because you have easy access to it.

Saving money in a bank is not an investment.

Investing in crypto:

Investing in crypto market is an investment.

Crypto investment can offers higher returns compared to banks.

Cryptocurrencies like bitcoin and etherium have showed significant growth in the past,with potential for future appreciation.

Cryptocurrencies can be easily bought and sold on online exchanges,providing liquidity.

Crypto market are open 27/7,allowing for trading at any time.

Your words are correct. You yourself said how and crypto work. Banks will not just give you a fixed return. Rather, they will deduct sorke money from your fees in the middle. But if you invest in the crypto market, you will not lose your money. If you invest in Bitcoin by following the right rules, you will get good returns from Bitcoin. However, there are thousands of other types of coins in the crypto market that may be enough to make you happy. So I think investing in the crypto market will be good for you.

SmartGold01

legendary

Activity: 882

Merit: 800

Quote

Save your money in a bank or invest in crypto market

When we talked about investment it is important to know where you are channeling your efforts to; everyone who must involve with investment should be able to know why they do that investment. We just can't just move to invest without at least securing such investment by have additional source of income and alternative for inflow of cash, we can put our money in bank today and still ends up using them for emergency purposes, we can as well put our money into cryptocurrency especially coin like bitcoin and still ends up not becoming a prolific holder. So therefore what is needed is for us to make reservation or provision of additional income before going into investment, lot of people talks about investment but doesn't know how to manage their investments properly.

casey15

newbie

Activity: 11

Merit: 1

As much as we may think, saving in banks won't go away anytime soon... Fiat currency is far from being outdated and so saving in banks is still and will be very valid irrespective of the returns you may or may not get...
However, crypto can become handy when it comes to discipline as you know that a small mistake can make you easily lose your asset, and the security is offers too makes it almost more reliable that traditional banking... Busy still don't forget that banks too have insurance investments to make sure your money is always available evening in the face of theft, disaster or destruction.

Josefjix

sr. member

Activity: 1288

Merit: 305

yes

What I know is that, every innovations modifies the old structural development of an institutions as the purpose to everything is civilization, the case of crypto investment and banks is quite a new innovations just like postal office and emails bringing in new system of message delivery too. So it's nice embracing new innovations when it comes and be part of it.

Crypto serves multiple purposes, cross border transactions and investments (long and short term), Banks doesn't offer much other than savings with no increase in values, investing with low percentage rate for longer period but has limited amount which only favours the rich which is discrimination.

?

Activity: -

Merit: -

The decision to save your money in a bank or invest in crypto,depends on several factors,including your financial goals,risk tolerance and time horizon.
Here are some points to consider.

Saving in a bank:

Fixed return,earn a fixed interest rate,other it may be low.

Liquidity,easy access to your money when needed,you we just scandal all your money just like that,because you have easy access to it.

Saving money in a bank is not an investment.

Investing in crypto:

Investing in crypto market is an investment.

Crypto investment can offers higher returns compared to banks.

Cryptocurrencies like bitcoin and etherium have showed significant growth in the past,with potential for future appreciation.

Cryptocurrencies can be easily bought and sold on online exchanges,providing liquidity.

Crypto market are open 27/7,allowing for trading at any time.

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