While I generally agree with the OP, it seems to me that he believes what he says in a very simplistic way, just because of the return it has given him in less than a year. The same could have happened to him with a shitcoin or a startup that then goes bust.
I think it is better to save in Bitcoin but because of its limited and decentralized nature, and because after what we are seeing this cycle, there is no stopping it. The return is a consequence of this, and of massive fiat printing.
Topic: Saving asset in bitcoin is much more better than saving in banks - page 4. (Read 943 times)
April 16, 2021, 11:13:21 AM
April 16, 2021, 10:03:33 AM
Obviously it is true that saving bitcoin is far better than saving on bank. Banks don't provide high interest and it is not decentralized. I love bitcoin for it's decentralization system. Holding bitcoin is the easiest way to earn huge money with short possible of time.
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.
April 15, 2021, 05:59:41 PM
As my country's currency is dying because of heavy corruption in the government circles, 99% of my assets are now in crypto diversified. The more I own fiat in the bank, the less purchasing power I have. People will in the future come to realize they were told a lie by bankers and it would be very late.
You are lucky to have discovered this early and made the best move to keep majority of your portfolio holdings in crypto. I don't know if we're talking of the same country but mine also took crazy steps to pump in more money out of thin air into the circulation thereby creating more inflation. I'm thankful because I was already a crypto enthusiast so I would be very prepared for what comes next. Nothing beats being the only one to make crucial decisions about my finances. Bitcoin takes finances to a whole new level for me.
April 15, 2021, 05:05:50 PM
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.
It is better in a sense that you are holding it for a long term. Banks will give you a guaranteed profit every month. Bitcoin won't do that. There might be months where you might have not made any profit holding bitcoin. Again, you might even see that your profit has dropped and you are in loss (though remember, you don't make any loss as long as you don't sell anything). But banks will give you a certain percentage of profit every month. But when taking inflation into account, the bank investment returns that you will receive may not be good in the long run. This is where investment in bitcoins excels. In the long run, if anything "bad" doesn't happen, you are guaranteed to make some hefty profits. April 15, 2021, 04:40:44 PM
As my country's currency is dying because of heavy corruption in the government circles, 99% of my assets are now in crypto diversified. The more I own fiat in the bank, the less purchasing power I have. People will in the future come to realize they were told a lie by bankers and it would be very late.
April 15, 2021, 12:40:24 PM
I think that bitcoin is not a place to save wealth, bitcoin is a place to invest and make a profit. People invest in bitcoin and hope to make a profit from it, people who deposit money in the bank because they want a safe investment.
In fact it is also a profitable investment, because its returns are so small that its risk is almost zero.
April 15, 2021, 12:32:34 PM
Saving your money in the bank is not a wise choice. Though banks do offer an interest when you save your money there, it is too low that you won’t feel that your money is growing. Much better to invest the money that will give you a high return. But high return comes with high risk. So be careful. It is really good to invest in Bitcoin because you know how much will it grow over time. It just needs patience in holding it for the long term.
in order to make decisions whether to keep money in a bank or in a cryptocurrency, at least you need to understand the cryptocurrency and constantly monitor the market and information space, because the volatility of the cryptocurrency is too high and you can lose your savings very quickly. But if we are talking about transferring your savings to Bitcoin, then given the market trend, I would gladly do this, since the bull run will continue for a very long time and savings may increase in volume. But nevertheless, at this stage in the development of the demand and popularity of Bitcoin, it still cannot be called a reliable storage due to its high volatility. 
April 15, 2021, 12:00:53 PM
Saving your money in the bank is not a wise choice. Though banks do offer an interest when you save your money there, it is too low that you won’t feel that your money is growing. Much better to invest the money that will give you a high return. But high return comes with high risk. So be careful. It is really good to invest in Bitcoin because you know how much will it grow over time. It just needs patience in holding it for the long term.
April 15, 2021, 11:56:16 AM
You must know the differences between the two because in bitcoin your money will grow very high but the risk is very high but the good to this you can earn a lot of money that you will never experienced in the banks who gives a little percentage of your money that you deposited to them but it will keep your money safe. I suggest to invest a money if a person have it because of the inflation let say you save more money to the bank but after years goes by the value of it is decreasing but if you put on the bitcoin it will grow.
The very example is the experienced of OP itself,
after comparing what happened to his investment he did realized the the big difference.
If you are willing to take the big risk same thing will surely happened to you too. This investment is for those who have good patience and those who
are willing to take the extra mile just in case sideways take place.
Not easy but it's all about your trust and your good decision making.
April 15, 2021, 11:50:18 AM
I just got to find out the importance of saving asset in bitcoin. ~
I don't think it's wise to compare the advantages of storing assets in a bank and in bitcoin. because they are so different. Bitcoin has high volatility, while the fiat that you deposit in a bank is stable, you get profit from high price changes in bitcoin, while in the bank it is from interest or deposits. from this it is clear that the difference is quite a lot.Let's just say you were lucky to save your BTC at the right time, because then the market was bullish, what if the other way around? prices continue to fall? Did you then conclude that bitcoin is bad?
Understanding the investment risk is important, I'm glad you can make a profit, but please understand that bitcoin is full of surprises, the price can be pumped up or dumped deeper, so be prepared to anticipate it well
April 15, 2021, 07:31:34 AM
"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.
April 15, 2021, 07:31:16 AM
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 only pros that I can see with regards to banks when it comes to interest is that they are giving a guaranteed amount of percentage but it is very low (some of the worst banks are giving lesser than 1% annual interest).If you will see, saving your money in banks will not give you interest but it will be for sure is safe there aside from the fact that your money there doesn't have the same value a few years from now because of inflation. In Bitcoin, yes the risk is there because of the volatility of it but that is where people are becoming millionaires and even billionaires. People are becoming rich because of the volatility of it. The cons of investing in Bitcoin is the fact that your capital today might not have the same value tomorrow because of price movements.
I knew this already that putting my money in banks will not give interest for me. I only put my emergency funds in my bank and all of my capital in investing are either in Bitcoin and other cryptos, stock market and other investments.
April 15, 2021, 07:23:56 AM
That's better but has it's own risks. I keep 50% in BTC, 20% in altcoins and 30% in bank. Someday i'll move on from BTC cause it'll fall sooner or later.
April 15, 2021, 07:09:36 AM
I think it's about burdensome interest rates, because for me both are still equally important. As for the advantages, bitcoin provides a higher profit because you are not subject to any interest, while the money stored in a bank account every month will get a discounted interest.
Bitcoin is the new gold in our generation, people are investing and keeping their cryptocurrency instead of saving it in banks.
Some of us are still benefiting the use of banks but most of us are now relying on bitcoin to secure our assets.
It is really much more profitable because the profit here depends on how skilled and determined you are in working with it in the market.
April 15, 2021, 06:50:19 AM
Hello everybody. I believe that you are making the right choice by transferring all investment funds to Bitcoin. For a couple of years now, I have only kept my investments in a cryptocurrency "portfolio". Of course, here you need to adhere to certain rules, and strictly follow the initially chosen tactics, and if you hold the cryptocurrency for a long time, and not look every hour into the "portfolio" in the hope of getting super profit, then the profit is many times greater than in banks.
April 15, 2021, 06:44:58 AM
You must know the differences between the two because in bitcoin your money will grow very high but the risk is very high but the good to this you can earn a lot of money that you will never experienced in the banks who gives a little percentage of your money that you deposited to them but it will keep your money safe. I suggest to invest a money if a person have it because of the inflation let say you save more money to the bank but after years goes by the value of it is decreasing but if you put on the bitcoin it will grow.
April 15, 2021, 06:37:43 AM
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.
In which country do you live?
In my country,making a bank deposit means losing money in the long term,due to maintenance fees and super low interest rates for deposits.
My bank was offering me 0,15% for a long term fixed deposit.That's one fifteenth of 1%.
Investing my money in a bank deposit is a joke.I just keep some money in my checking account to pay my bills online and to cash out some paper money by using ATMs.
Bitcoin offers more risk,more freedom and bigger profits and cannot be compared to a bank deposit.
April 15, 2021, 06:33:43 AM
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.
This has been the traits for How many years if you are here in crypto since then .banks offers your single digit profit , While Crypto has proven of gaining investors more than multiple times from their invested.
I would rather Hold bitcoin for couple of years than Holding my funds in banks.
But of course i also have some small funds in my banking account for some personal use .
Obviously it is true that saving bitcoin is far better than saving on bank. Banks don't provide high interest and it is not decentralized. I love bitcoin for it's decentralization system. Holding bitcoin is the easiest way to earn huge money with short possible of time.
But at least banks has more security than in crypto specially if you are not investing in Bitcoin. 
April 15, 2021, 06:20:34 AM
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.
I believe that can be prevented if the price is regulated to moderate the volatility without killing its deflationary feature. And the number of people rushing in to invest wouldn't matter much.
You could have a decentralized mechanism that regulate the price by incentivizing people to have their coins automatically locked in their wallets(preferably full-node) when price is down...when price start going up , their coins are automatically/gradually unlocked and sold to buyers at a predetermined price level that is not too high.
The volatility needs to be moderate and sustainable
April 14, 2021, 06:48:17 PM
Every investment or saving will always involve profits and also risks. In Bank, yeah we only can get a small profit from savings. But it is secure.
In Bitcoin, it will involve more risks, but as we know if we get it at the right time for buying and selling, we can really get very high profits. Well, as people say, higher risks, higher profits.
So, it depends on you how you will be brave and also responsible for taking the risks.
And for me personally, I also prefer to save my asset in Bitcoin and then cash it out when getting the target, need cash, and others.
In Bitcoin, it will involve more risks, but as we know if we get it at the right time for buying and selling, we can really get very high profits. Well, as people say, higher risks, higher profits.
So, it depends on you how you will be brave and also responsible for taking the risks.
And for me personally, I also prefer to save my asset in Bitcoin and then cash it out when getting the target, need cash, and others.
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