Topic: Saving asset in bitcoin is much more better than saving in banks - page 7. (Read 943 times)
The good decision you had taken ever. But at the same time, it would be a bad decision as well if Bitcoin dumps instead of growing up. This kind of decision would take by a risk-taker of course. And only risk-taker would be a gainer. However, you make deposits into the bank, but on the other hand, you bought some digital assets or currency called Bitcoin. Just keep in mind both aren't the same. When you bought an asset then the price of it would dump or pump as well. But the bank generates revenue and they promise a return for your deposit. But the Bitcoin is different from bank investments where no return on investment. Anyway, I have to say you are lucky and just need to take a real-time decision. Best of luck.
if you decide to keep all your savings in bitcoin it is your choice. But you should also think about the risks that will occur to the savings that you save in bitcoin. Bitcoin has a high risk and nothing will guarantee the safety and integrity of your money. different from the bank which will guarantee your money.
Splitting 2 between the bank and bitcoin is good enough. this is a strategy that is safest. It's not that bitcoin is not good, but there must be a safe backup, because bitcoin is a volatile asset with high vitality.
Be careful in managing the finances you have. manage wisely and make investments properly.
Splitting 2 between the bank and bitcoin is good enough. this is a strategy that is safest. It's not that bitcoin is not good, but there must be a safe backup, because bitcoin is a volatile asset with high vitality.
Be careful in managing the finances you have. manage wisely and make investments properly.
However banks are not always bad, it just happens that you buy bitcoins at the right time so you get a comparison that holding bitcoins is more profitable.
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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 means that you are building your own bank of course with all the risks be it volatility or technical. You must understand how to store bitcoins, especially the type of wallet you choose. 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.
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 don't assume a lot from getting a profit by depositing in the banks. They're only giving you a very tiny percentage of their profit from the deposit that you'll be putting in your savings account. They're just a place to store your cash but not a place to make money out of your money. Keeping or bitcoin is much more profitable and that's why everyone is saying to HODL most of the time. In your experience, you got a good timing when you've bought it. Congratulations!
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.
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.
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 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.
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