Topic: Saving asset in bitcoin is much more better than saving in banks - page 2. (Read 933 times)
When banks and bitcoin are compared, banks are far below this competition. bitcoin has left banks far behind in this regard. The small interest you put in the bank and receive at the end of the month cannot be compared to the thousands of dollars you would have earned in bitcoin over the same time period. And while the bank stipulates you not to use that money, you do not have such an obligation in bitcoin. A very good choice as an investment tool.
If you look at your case, you choose bitcoin as a form of asset investment based only on the profits earned every month.
My question is, do you still choose bitcoin as a place to store assets if the profit that bitcoin gives is the same as that given by the bank?
For me, I still choose the bank as the main asset depository.
You are all talking about the high volatility of Bitcoin, but 10 years ago its price was worth $ 1. You believe in the stability of the banking system. But there was a time when banks went bankrupt. Also now there are unstable countries with falling economies, where inflation eats up all savings in national currency. For example, in Ukraine, the government closed more than 100 private banks and clients were lost their deposits. So what is the difference between the risks of investing to bank's deposit or investing in BTC? My question is, do you still choose bitcoin as a place to store assets if the profit that bitcoin gives is the same as that given by the bank?
For me, I still choose the bank as the main asset depository.
I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin
Luckily you planned up last October because if you have bought bitcoins by the times of January 2018 or December 2017 then you might have faced losses for some years but now the prices are higher than January 2018 or December 2017 still you made bitcoin investments at just perfect time. I like to suggest you to keep holding for at least next 5 years so that you may definitely enjoy 10x to 25x profits for your investments.Even investing all money into only one asset is not recommended, with bitcoin investments we can do that as it is having definite future hence we may risk with all our savings.
I don't advise you to invest all of your savings into Bitcoin. But it's true that you can make a much better profit compared to banks in time. HODLing is a very valuable and wise thing to do when it comes to Bitcoin. Besides, keeping your investment in a personal wallet is also a safer option than exchanges I think.
We can base things from the past, what happened way back are still possible in repeating itself, with wide adoptions to happened in the following years,
expect that Bitcoin value will continue to rise high, early holders managed to earned a lot from this market, it's still open to everyone who are willing to take the risk and invest with their money.
Spare the amount that you can forget for another 3-5 years, you'll see how many times it will multiply after.
I don't advise you to invest all of your savings into Bitcoin. But it's true that you can make a much better profit compared to banks in time. HODLing is a very valuable and wise thing to do when it comes to Bitcoin. Besides, keeping your investment in a personal wallet is also a safer option than exchanges I think.
From the little experience am having I believe buying bitcoin is better than saving your money in bad, if you invest In bank they use your money for business and other things like that and later give you just little percentage and you will still be happy but if you invest in bitcoin and hold bitcoin for some years you will definitely be rich because your profit will be very hug and massive compare to if you save your money in bank. I believe banks are really cheating us seriously by giving us just little percentage and taking the remaining percentage. As for me I will prefer buying bitcoin than saving my money in bank.
I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets in banks rather I keep it in bitcoin which later turns out to be an investment for me.
Both are still important but of a truth bitcoin give more profit than the bank will ever give,reason be that if you can be able to buy bitcoin when Tue price is down and save up for it to rise,you will see an impressive profit you have made,but proper timing always matter around it
If you look at your case, you choose bitcoin as a form of asset investment based only on the profits earned every month.
My question is, do you still choose bitcoin as a place to store assets if the profit that bitcoin gives is the same as that given by the bank?
For me, I still choose the bank as the main asset depository.
My question is, do you still choose bitcoin as a place to store assets if the profit that bitcoin gives is the same as that given by the bank?
For me, I still choose the bank as the main asset depository.
Banks are loosing their capacity to raise funds cause they delayed alot of time to wake up to this New Financial World. They also insist to keep on mantaining the same papers at the same economic model justifying and selling solidity, safe and stability. Certainly they willl continous to have a place at sun, but probably the ones who stopped in time, surelly will be swallowed by the unavoidable, by the "unknown" and by the untamed cryptocurrences technology which joined abstract and concrete in an endless business! There will be no risk just while power is on!!!
Mas devemos sempre ter mais de uma cripto (token)
The experience that OP is living is totally frecuent. There are many people who are realizing that it is better to invest in cryptocurrencies than to invest in banks and they have migrated their money to investing in bitcoin and altcoins.
The future of Banks is uncertain every time they lose their savers, we still do not know what will be the effect they will receive as cryptocurrencies are the ones that users prefer.
The future of Banks is uncertain every time they lose their savers, we still do not know what will be the effect they will receive as cryptocurrencies are the ones that users prefer.
Hello everybody. A very correct phrase has already been written here - banks are not a place where you can make money, but only a place for storage. Bitcoin, on the other hand, is not only a good storage place but also an ideal investment component. The difference in storage is that when you save money in the bank, the safety rests entirely with the bank, as for Bitcoin, here the entire responsibility for keeping money in lies solely with you.
Some money can be made by placing savings in a CD type of account, which allows you to earn simply by not withdrawing your money for a long period of time. Somewhat like crypto investments, only the % of the income can be significantly lower. Sadly, many elder people use this function, believing that their money will be 100% safe and they'll get the promised reward years after, at the end of the term. The banks state that their main privilege is guaranteed safety. I personally find these deposits untrustworthy, because you basically allow someone to use your assets (they aren't paying you for nothing), which means that safety is already violated. They can simply be giving someone a loan with your money and when there are too many loans and people fail to pay off in time (happens a lot)- there's a high risk of the bank going bankrupt and all the money can be lost. So cryptocurrencies are way better in this respect also, IMO, not only as an investment opportunity.
banks have never given much more than bitcoin will give in a year. Banks give maximum of about 4 tp 6 percent per anum whie bitcoin can give 100 percent is a year or less than, depending on the outcome of the space and it s demand and scarcity structure. save in bitcoin rather than save in banks.
I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets in banks rather I keep it in bitcoin which later turns out to be an investment for me.
The difference is that banks almost guarantees the profits that they are promising, while with Bitcoin no one guarantees anything, you can earn a lot or lose a lot. Also banks serve another vital function - they lend money to people. Because of this, banks will always exist.
If you imagine all people in the world abandoning their saving accounts for Bitcoin, it would create an enormous bubble, and the early buyers would profit from it greatly, while the late buyers would lose everything, as Bitcoin would correct by 95% or more. This is just a thought experiment, because nothing like this is going to happen, but still.
Depositing money in the bank is a traditional writing that people often do for a long time. It is also a way to keep your money fed and you still receive a certain interest rate and often depends on the amount and time of your deposit. This is quite a safe job. But since I got to know Bitcoin I have used money to invest in Bitcoin. This is how to save money because of high profits. I know the risks of buying Bitcoin, but I accept it. That's how I got rich If you imagine all people in the world abandoning their saving accounts for Bitcoin, it would create an enormous bubble, and the early buyers would profit from it greatly, while the late buyers would lose everything, as Bitcoin would correct by 95% or more. This is just a thought experiment, because nothing like this is going to happen, but still.
But of course, any FIAT money is doomed to monetary inflation.
Need to buy a house? Cash out BTC and buy it.
Need to buy a car? Cash out BTC and buy it.
But never cash out all your BTC to keep them in your bank account, that's the most stupid thing you can do
Need to buy a house? Cash out BTC and buy it.
Need to buy a car? Cash out BTC and buy it.
But never cash out all your BTC to keep them in your bank account, that's the most stupid thing you can do
I'll make it simple for you. Never cash out to keep cash
It's a joke of course. Cash is still better than electronic fiat money in your bank account.
IMO physical goods> Bitcoin> Cash> Money in the bank. Physical goods first because all forms of currency ultimately lead to buying what you want.
I totally agree with that. There are many stories about how people lost all their savings due to bank failures or economic crises that devalue their money. Those who contacted bitcoin (especially at the very beginning) not only did not regret it, but also got rich as its price and demand grew. I am sure that when large masses of people realize that cryptocurrency is the future of finance, they will stop trusting their money to banks, or at least transfer part of their capital to cryptocurrency.
saving on bitcoin is more profitable than saving in a bank. I see the price of bitcoin from month to month and from year to year, I conclude that saving on bitcon will make us rich because the price of bitcoin tends to increase from year to year.
if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
- Perhaps you should take the time to look further years ago, looking at how the highest milestone then collapsed, the price of bitcoin doesn't rise forever, depending on the demand each year it will grow, some years are sad and bitcoin dominates the market with too many tears and money, this year may be seen as the most stable year but the future is not sure. Bank savings allows for more stable assets, it's too difficult to get rich by saving with bitcoin, you can only invest according to the market to be as optimal as possible but the investment will not be as safe as savings if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
saving on bitcoin is more profitable than saving in a bank. I see the price of bitcoin from month to month and from year to year, I conclude that saving on bitcon will make us rich because the price of bitcoin tends to increase from year to year.
if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
Considering the timing, if you do invest with Bitcoin last year you'll see the huge profits that you'll going to take
now, compared with banks time deposit where you can only get smaller than 10% of your initial investment.
though risk is the factor why institutional investors mostly choose to put their savings inside bank than exploring
with crypto market.
I think it all depends on the individual.
If, for example, people who don't want to be complicated and don't want to take risks, the option to save money in a bank is certainly the best option, but if that person is willing to invest with the risk of losing money, we can save it in bitcoin. because in crypto, especially in bitcoin, we are not 100% profitable because it is very difficult to predict what will happen.
depending on the perspective of the person who sees the advantages and disadvantages because other people's choices are not necessarily the same as the choices we make
If, for example, people who don't want to be complicated and don't want to take risks, the option to save money in a bank is certainly the best option, but if that person is willing to invest with the risk of losing money, we can save it in bitcoin. because in crypto, especially in bitcoin, we are not 100% profitable because it is very difficult to predict what will happen.
depending on the perspective of the person who sees the advantages and disadvantages because other people's choices are not necessarily the same as the choices we make
saving on bitcoin is more profitable than saving in a bank. I see the price of bitcoin from month to month and from year to year, I conclude that saving on bitcon will make us rich because the price of bitcoin tends to increase from year to year.
if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
if saving in a bank I don't feel any more benefit than storing assets in bitcoin, in my opinion the bank is only a place to store money, not to make us rich like bitcoin.
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