Topic: Which do you prefer, bank or crypto? - page 32. (Read 3908 times)
I prefer to diversify risks, so I invest part of the capital in the crypto currency, and I keep part of it in the bank. Thanks to this strategy, I managed to avoid risks and make a profit.
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?
If you follow all the safety recommendations, a crypto wallet is more secure in comparison with the bank where the safety of your money does not depend on you. But at the moment I'm not satisfied with the crypto volatility and I don't keep big sums here.
Answering the question that I prefer Bank or cryptocurrency.?I answer that there are risks everywhere.But the Bank, so you will not earn, as in cryptocurrency.Although the bitcoin may fall and you may lose.Everyone makes a decision for themselves.
I cherish to choose cryptocurrency to banks. Not long ago, I invested some amount of money at the bank and just two weeks, the bank collapse which made me to lose interest to invest in banks again.
I don't like banks because every time they keep adding some unexpected commissions so I am not a fan of banks. I think crypto is great but first it should grow a bit.
First when I am using or paying money in a huge amount to anyone at that point bank became a investigation department and start investigating that why I am paying along with supporting documents before making a transaction and this process would take time and have delayed many transactions.so i prefer crypto over bank
I prefer to go with crypto because crypto having a huge potential to growth and banks are having a limited growth potential. crypto is capable to give high returns in a short spam.
If to count as long term investment (minimum for 1 year) then it's more profitable to keep savings in cryptocurrency, but in same time it's more risky. But still I refer investing in crypto than to keep my savings in bank.
Cryptocurrency is still in its developing stages and no doubt it has done well so far but banking has been established even though am a cryptocurrency enthusiast I would still say there are limits to how crypto can be use for now. So bank is preferred for now but in the nearest future crypto will be the norm globally
I think I like those two things, because banks and crypto have their own advantages and disadvantages, for example banks have a savings and loan system and loans for homes or cars, but Crypto does not, and Crypto has a faster rate of market movements.
almost everyone would prefer a bank, because crypto is very large and more dangerous than banks, a huge loss is very close to you
If I had to choose only one option, I'd choose bank. At least I'll be able to get deposit insurance and receive compensation in case if the bank goes bankrupt. But in real life I tend to diversify my investments. So I guess I'd spent some money on coins and put the rest to savings account.
I keep my savings in the bank. It is a lot safer place for my savings, because they are protected by the laws there. In crypto, I am investing and look for profit, but have in mind that this money that I invest are in risk and I can lose them.
You are very critical of all this. I think we should not think so one-sidedly. You should have told me the positive side. And to answer your question, I prefer to store money in cryptocurrency. It's better than banks, but there are risks.
Now no one is protected even in the crypto currency. There are also scammers and thieves, but I'd rather prefer to work with a crypto currency than with a bank. There are more opportunities and higher security.
Obviously I will go for cryptocurrency. It's much more profitable, safe and interesting than to keep money in bank and to get 8-9% profit i a year (if bank will not become bankrupt)
That's funny. The Bank brings you a stable 8-9 percent per year. There you 100% will not lose your money. If we talk about the cryptocurrency, then look at how much it has depreciated over the year. I think many coins will never rise in value again. You don't make much money with the Bank, but you don't lose your money. 
Whether it's good or bad i will choose crypto rather than staying my hard earned money on banks. a huge investment and opportunity is waiting if we invest our money on crypto. I'm into the CYBERSPACE way back 2015 and currently holding huge bag of bitcoin this is just my pass time working on several ICO's to promote it on investors.
thw bank never really has your money, neither does crypto. I mean if you have significantly huge funds to worry about, then your own locker is safer bet 
Banks if I'm being honest. So much safer and easier to use, also cheaper and faster. Hopefully that changes in the future though.
Obviously I will go for cryptocurrency. It's much more profitable, safe and interesting than to keep money in bank and to get 8-9% profit i a year (if bank will not become bankrupt)
I also chose crypto-currencies, because it depends a lot on you and your actions. I do not feel security from bank investments and it's hard to imagine that there will ever be a profit like crypto there.
The bank saves money and therefore I keep it in it, and crypto can be a source of income and therefore I use it to make a profit. I like both because they have their own useful features.
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