Which do you prefer, bank or crypto? - page 26.

santafewarrior1980

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Activity: 179

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Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Prefer for investment is really depends on the needs of investors because if the investors want to safe keep only their money I must suggest to deposit on the banks because their money is safe and protected by bank insurance so we don't need to worry but if the investors are looking of a good profit in a short span of time I suggest to invest it on crypto currency because we have a chance of earning big amount of money in a short period of time but we need to be careful because we might also losing too much of our capital if we choose a weak crypto coin to invest.

King Bounty

member

Activity: 392

Merit: 10

EndChain - Complete Logistical Solution

bank and crypto have very different functions, because the Bank function is a place to save money so that our money is safe and for future savings, but crypto is where we invest our money to make our money grow very much in the future, with that function I must prefer crypto, because crypto is more profitable than bank.

MikeyVeez

full member

Activity: 896

Merit: 102

I personally own more money in crypto than in the bank so I trust more in cryptocurrencies because when you have Ledger Nano your money is more secure than in the bank.

markalis

full member

Activity: 467

Merit: 100

I prefer crypto, I was refused three times when I applied for a credit card at the bank and it made me hurt, so I would rather save money on an exchanger

idioma1

newbie

Activity: 266

Merit: 0

To keep my property safe I will go for a bank but if you want to earn money and make it work than you can choose the cryptocurrency.

boolog

copper member

Activity: 196

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At the moment i prefer crypto. Banks are just too expensive for the service they offer. We should not forget, we had the last major financial crisis because of the banks. Shocked

Dorvei

full member

Activity: 700

Merit: 110

I think the European bank, this is a good choice, but not everyone has the opportunity to have an account in the bank .. A crypto currency, gives us more opportunities in this regard ..

daladno12

member

Activity: 378

Merit: 11

Bank deposit will give you is stable but very low income that will be burned by inflation. So it's useless for the aim to be rich.

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hidden jutsu

full member

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Binance #Smart World Global Token

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

for storing, I prefer to store it on banks, but if I want to earn money from my own money, I should choose crypto, I can hold any kind of crypto I like to hold for long term, its the best choice only if you want to earn a profit.

mel_smog

newbie

Activity: 67

Merit: 0

crypto all the way- so much faster and easier

beezunus

full member

Activity: 420

Merit: 100

To be honest, I prefer to keep my money in the bank because I think the bank is safer than Crypto, Crypto has a high risk and I can lose my money in Crypto, but for investment I prefer it in Crypto because it has a higher profit

shinchan123

full member

Activity: 504

Merit: 100

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

Before I learned about crypto, I usually put all my savings in the bank. However, when I learned about it, I started saving my money to buy crypto currency. I was able to save and earn at the same time. It is also more convenient to transfer funds through the block chain technology than banks.

greennesslatern

newbie

Activity: 50

Merit: 0

i would have to say bank for now, but only because i cannot fully use my cryptocurrencies on my needs. but i am doing my part to have the possibility to use crypto in every scope of life

Latviand

full member

Activity: 1540

Merit: 219

Ofcourse cryptos. Although there are risk in cryptos unlike in banks, crypto would be a good choice because it is more profit oriented. The rate of increase on the market value of most cryptos. tempts many people to do invest and engage into cryptoindustry. Banks are indeed giving security to the wealth of people but still keep in mind that consistency exist in banks and the chance of having profit while storing is way lower than in cryptos.

goku1525

member

Activity: 420

Merit: 50

Quote from: Bim abk on September 29, 2018, 08:57:42 AM

I personally have the idea that if my money is held in one place, the potential for loss will be greater, so I personally keep the funds held in several places whose purpose is as an investment.

You're right, it's to risky to put in a one place because it can lead us to loss , this technology is unacceptable with governments in where the prices is unstable .Bank was supported and have a stable price so my thought is to prefer my money to put in a bank and crypto is for my investment.

Bim abk

sr. member

Activity: 896

Merit: 251

I personally have the idea that if my money is held in one place, the potential for loss will be greater, so I personally keep the funds held in several places whose purpose is as an investment.

conected

hero member

Activity: 1302

Merit: 503

Quote from: billy.ryoko on September 29, 2018, 05:58:58 AM

If I only want to store my money, I would like to use the bank service, it safe and no FUD, but if I want to make an investment or earn my profit, it sure to invest in the crypto market better than the stock market.

- Well, both options have different features and utility services, we should use both, instead of trying to remove one of them. With the bank, its purpose is to secure our money and it is also the money that helps us in emergencies, but in return, it is not suitable for investment when interest rates are very low, a wise investor never chooses this place to invest. With investment and make money, exactly as you say, crypto is more suitable when this market always has the mountains of money, our mission is to exploit but be careful when this mountain can collapse at any time

ljp7839008

sr. member

Activity: 490

Merit: 250

You do not need to invest everything in crypto, If you have free funds, I think that part is put in the Bank. And the part that you will not mind you can invest in crypto.

iTradeBit

jr. member

Activity: 224

Merit: 1

I would choose crypto, because nobody controls it.

new_crypto_world

newbie

Activity: 50

Merit: 0

Quote from: ShowOffoN on September 21, 2018, 04:09:22 AM

If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?

it is a hard choice right now. and not just for the possibility to lose all of my money, but for the possibility to use them on my own need. banks leave you the possibility to have more chooses to spend them in the way for like more. on the other hand you are more controlled and subject to taxes/fees. but i think until crypto becomes more used, i am dividing half and half on both of them

Topic: Which do you prefer, bank or crypto? - page 26. (Read 3908 times)