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.
You have to more careful and noticed that the crypto market is high volatile. You can get here huge profit on the hand your wallet may be sick when the market becomes huge down. So it is bank is the more secured to put your money as APR more than crypto but if you want get quick return you can invest on btc. 
Topic: Saving asset in bitcoin is much more better than saving in banks - page 3. (Read 943 times)
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.
What can you say about this "ideal investment component" during 2018-2019 period, when its price dropped from $20k to $4k? What it a good investment? What was Bitcoins ROI these years? While in banks, if you deposit money, you get your "base amount + few % annual" with a 100% probability.
Bitcoin and banks investments in my opinion are two things that can not be compared. One asset is very volatile and is good only when its price grows up, while other is a kind of stability, but gives miserable profit.
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.
April 21, 2021, 08:56:10 PM
But that doesn't mean that you will have to put all of your money in bitcoin, remember that you should only invest what you can afford to lose and if you are risk junkie then probably going for a 50% increase is enough but remember to not put all of your eggs in one basket, bitcoin may return big money than banks but it doesn't happen overnight.
April 21, 2021, 08:42:55 PM
Bitcoin price today is way high compare to last year. But if these scenario of yours happen way back 2016 or 2017 when btc price reach 20k then goes back to 8k in few months then the result will be different.
In bank your money will have too little profit but you are assured that profit continues as long as the money is in them. Bitcoin and other crypto in other hands can give you a huge profit in few months or even few days but you can also lose your money in them. Investing in crypto is also like trading your fiat money and hope it increase value in the future.
In bank your money will have too little profit but you are assured that profit continues as long as the money is in them. Bitcoin and other crypto in other hands can give you a huge profit in few months or even few days but you can also lose your money in them. Investing in crypto is also like trading your fiat money and hope it increase value in the future.
April 21, 2021, 06:22:25 PM
"It could have lost its value"? But it didn't. Infact, Bitcoin has been ridiculously increasing each and every year that pass.
The OP ain't a trader so he will not be bother about this short volatilities happening in a period of 24hrs. He is trying to save money for long term. He did even mentioned he time deposited his money in the bank. So, what better option you give?
Because I personally think the OP is doing the right thing. Making half of his money deposited from the bank and the other half to invest and save to Bitcoin for a bigger profit than banks.
The OP ain't a trader so he will not be bother about this short volatilities happening in a period of 24hrs. He is trying to save money for long term. He did even mentioned he time deposited his money in the bank. So, what better option you give?
Because I personally think the OP is doing the right thing. Making half of his money deposited from the bank and the other half to invest and save to Bitcoin for a bigger profit than banks.
Even if his money rose by 100%, that doesn't change the fact that crypto currency or I'd rather say 'Bitcoin' is volatile. Volatility is sure. The price going up or down is volatility. You may say that the chances of things going wrong have reduced, doesn't mean shit can't happen. I hope you understand my point of view.
Nobody's arguing about Bitcoin's volatility here, because we all obviously knows Bitcoin is a very volatile asset. We're talking about long term profit as the OP was justifying which option to takes. Bank or Bitcoin.
Shit will happens If you sell during bearish season. That's why I said, why would he bothered with price fluctuations? Is he going to sell when the Btc price goes below his buying range? Of course not, he'll wait until Bitcoin recovers to the range he's comfortable selling with.
Don't get me misunderstood please. We all know that everything created by man has the ability of going wrong. I am an advocate of Bitcoin, but that doesn't change the fact that Bitcoin's price could dip. Cryptocurrency is volatile and nothing can change that. Even our stablecoins have this slight "change" so... Imagine Bitcoin that is traded every second everyday.
April 17, 2021, 03:48:30 PM
Bitcoin's profit is much higher than the bank. But it cannot guarantee 100%. Profits from banks are not high but it is safe and absolute. You should divide 2 parts of your assets 1 to invest in Bitcoin and 1 more you should send to the bank.
Holding FIAT in banks is not 100% safe. It is covered by the central bank only to a certain amount so I wouldn't call that safe, I wouldn't hold a huge quantity in the bank that's for sure.
April 17, 2021, 03:38:23 PM
its way much more better especially for someone that knows how the game works. but for newbie, i dont think they would understand because at some point it might be a loss for them when price goes lower and their patience couldnt wait. a good orientation is needed so that the purpose wont be defeated because in bank your money is safe, secured and return is sure even though its small, but return is bitcoin is way bigger but not sure. thisnunderstanding has to be establised.
When you already have the experience and awareness on how this market works then making this move isnt really a bad idea but the risk is always there and be prepared for that but if you are really confident on putting up your assets converted to bitcoin then its his choice because its his money but honestly this move is really a risky one on you dont know
on what would comes next but if the situation would really be favorable on your side then that would really be a worthy shot but of course you should anticipate
about total wreckage.
April 17, 2021, 03:22:12 PM
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
April 17, 2021, 03:15:43 PM
its way much more better especially for someone that knows how the game works. but for newbie, i dont think they would understand because at some point it might be a loss for them when price goes lower and their patience couldnt wait. a good orientation is needed so that the purpose wont be defeated because in bank your money is safe, secured and return is sure even though its small, but return is bitcoin is way bigger but not sure. thisnunderstanding has to be establised.
April 17, 2021, 02:20:48 PM
It is worth noting that not only is it worth keeping your funds in bitcoins, but there are also many other ways in the cryptocurrency world to invest your funds and get a much higher annual percentage rate on a deposit than in a bank. As for the bank, I also do not understand the point of investing money in the bank, since the interest is low, and inflation is almost the same, if not more than the interest on the deposit itself.
April 17, 2021, 01:19:30 PM
But you also have to consider some of the risks that will occur when you save your money in bitcoin.
Bitcoin and banks have many significant differences.
The bank guarantees more of their customers' assets so that it is still impossible to lose assets in the bank and it will be safer to store fiat, but no profit will be developed.
in bitcoin it can generate more profit than banks, but look at the risks ahead, bitcoin fluctuates and no one will guarantee when your bitcoin assets are lost.
So having assets in bitcoin and banks are both important and profitable.
Because we are constantly afraid of the risk of investing in bitcoin, some people have missed the opportunity to earn x10, x20, x30 profit over the years. We don't have to put all our eggs in bitcoin if the risk of price fluctuation is what we are afraid of, 10% of our monthly income since 2018 seem to have made a big profit on bitcoin when compared to storing it in gold or a bank. Bitcoin and banks have many significant differences.
The bank guarantees more of their customers' assets so that it is still impossible to lose assets in the bank and it will be safer to store fiat, but no profit will be developed.
in bitcoin it can generate more profit than banks, but look at the risks ahead, bitcoin fluctuates and no one will guarantee when your bitcoin assets are lost.
So having assets in bitcoin and banks are both important and profitable.
April 17, 2021, 12:30:00 PM
I don't imagine so. Because the risk reaps bigger than it is not preferable at all. A fixed profit will come from the bank and will be stable. But this will not transpire in Bitcoin. Bitcoin can bring about a lot of profit if coincidence is good !!! And if the luck is awful, it's all over. Now, what if all the assets are gone in the possibility of making more profit 
?? Yes, it is needed to put up with risks occasionally in life. So, I feel savings in a bank is better.
?? Yes, it is needed to put up with risks occasionally in life. So, I feel savings in a bank is better. 
April 16, 2021, 09:08:41 PM
Since the beginning of this year I have been slowly moving the money I have in the bank to buy Bitcoin. Because it is more profitable to store Bitcoin
than to keep money in banks. I have been depositing money in the bank for more than 10 years, and the profit is still greater my investment
in Bitcoin from the beginning of this year until now. From this experience I strongly agree that saving assets in Bitcoin is much better than saving
money in banks.
than to keep money in banks. I have been depositing money in the bank for more than 10 years, and the profit is still greater my investment
in Bitcoin from the beginning of this year until now. From this experience I strongly agree that saving assets in Bitcoin is much better than saving
money in banks.
April 16, 2021, 08:17:09 PM
Banks are where we keep money with very small profits, while the crypto market is where people speculate and make a profit.
Maybe at the present time investing in bitcoin is very profitable for everyone, but returns are always risky so everyone should be careful with their investments.
Maybe at the present time investing in bitcoin is very profitable for everyone, but returns are always risky so everyone should be careful with their investments.
April 16, 2021, 02:26:22 PM
I fully agree with this statement. All of this in the future that we will see in the next few years will revolutionize the banking sector. I am sure that banks will reform and adapt to the global economy of the future associated with cryptocurrency. If they don't, they will lose a lot of customers and their products will become unattractive. The conservative approach to storing money is changing in favor of bitcoin and other alternative cryptocurrencies, it is obvious that this trend will continue in the future.
April 16, 2021, 01:32:53 PM
During the last years bitcoin was a very trustworthy investment and true save haven against the inflection rate. Unlike the fiat assets you usually save in your back account you can 'full control' on your bitcoin investment and you do truly own have the asset in your hands while if you have any problem with the government they can easily close your back account or take all of your investments in back and make you poor in one single day.
April 16, 2021, 01:02:04 PM
apart from safely storing our assets bitcoin is also better in interest difference because in the bank when we store assets we are definitely subject to pre -determined interest from the bank as well as the profit of bitcoin is much greater than we keep assets in the bank but this depends on the asset owner .
if the owner of the asset is smart and understands the concept of trading, his profit will be great, but if he only follows what is there without being based on his knowledge, then it will lose a lot as well.
in this case the bank is more consistent because the bank has its own calculations in assets when the gains and losses of the asset owner will be less in the minimized
if the owner of the asset is smart and understands the concept of trading, his profit will be great, but if he only follows what is there without being based on his knowledge, then it will lose a lot as well.
in this case the bank is more consistent because the bank has its own calculations in assets when the gains and losses of the asset owner will be less in the minimized
April 16, 2021, 12:46:30 PM
As for me, they're both important, and dividing your funds to invest half with Bitcoin and put the other half in a bank is still a good decision but keep in mind that Bitcoin is volatile and that's the difference of it from the interest in the fiat that you're holding in banks. Having long-term assets would give us a chance to have a sustainable life in the future.
April 16, 2021, 11:33:22 AM
Bitcoin is a currency and also a speculative asset. There is no guarantee of any return you will receive from Bitcoin, it all depends on the needs of the market.
Banks are different, dollars are printed by the bank and they guarantee you the agreed profit. That is nice and stable.
Bitcoin is a double-edged sword if you keep it. You can lose money or make a profit. You are solely responsible for all your actions when you keep Bitcoin in your wallet.
According to bitcoin's deflator chart and market demand, Bitcoin is always in an upward direction. So keeping Bitcoin for many years is a good choice. It can be said that it is more profitable than depositing money in the bank.
(This is speculation, not investment advice)
Banks are different, dollars are printed by the bank and they guarantee you the agreed profit. That is nice and stable.
Bitcoin is a double-edged sword if you keep it. You can lose money or make a profit. You are solely responsible for all your actions when you keep Bitcoin in your wallet.
According to bitcoin's deflator chart and market demand, Bitcoin is always in an upward direction. So keeping Bitcoin for many years is a good choice. It can be said that it is more profitable than depositing money in the bank.
(This is speculation, not investment advice)
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