Topic: Which is more risky? Bitcoin or bank investment? (Read 6033 times)
I think that bitcoin is more risky then banking investment in my country. But, of course, it is depend on bank. If you choose more popular banks, you have some stability, but the profit is very low. You need to have big money that to have good profit.
Cryptocurrency investment is more risky than bank investment. In cryptocurrencies, there is no insurance whereas in bank investment, there is an insurance and there is still a possibility that when there is a mistake in sending money, it can still be reverse but when it comes to cryptocurrencies, there will be no reversal as soon as the transaction is confirmed in the blockchain. The advantage of cryptocurrencies is its value is fluctuating that's why there is a possibility you will be able to have profits in a short of period of time compared to just storing money in the bank wherein you will have an interest that cannot even beat inflation.
I think bitcoin has more risk .however Bitcoin is very risky but if we understand the investment strategy that is in Bitcoin, of course, we will get a huge profit.
Bitcoin investment is much more risky than banks.Investing in a bank gives a little profit and capital security.But bitcoin investing a lot of time in the capital is reduced.However, if you invest in Bitcoin, you can sometimes get more profit than bank investment.But keep in mind that there are more risks where there are more chances of profit.
Long story short bitcoin promise more profit with more risks. You have the one who should choose
Long story short bitcoin promise more profit with more risks. You have the one who should choose
Bitcoin is far more risky then bank investment, but because of that it is less hassle than bank investment. In bitcoin you can loss money in an instant and in the same time you can earn double or triple the amount you invested.
Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
What do you guys think?
For me of course the bitcoins because as we can see the bitcoins price are volatile and as of now there are a lot of people that are panicking because the bitcoins fall into almost 6k and still having a hard time getting back up so that means the bitcoins have more risk to lose your money that in bank because banks are stable especially if you invested into a gray bank. Maybe they have low interest but the money is more likely to be safe. But in bitcoins if you dont have a lot of patience you will never gain.
Both forms of investment have risks.
At the bank there is the Deposit Protection Fund, this is worth nothing if the banks remain closed in a crash. Nobody can then take off from his account to buy food, for example.
In such a case, you can do more with Bitcoin on his phone.
However, the Bitcoin is very volatile and therefore not well suited as an investment.
Therefore, you should be broad and have something of every investment.
In a simple concept bitcoin is far more risky to invest on than banks, Because banks are intended to store and secure their clients wealth while bitcoin is a cryptocurrency. All in all, the risk it takes for bitcoin is easily paid off by the huge amount of potential profits users could gain investing in it. That's why even though bitcoin is far more risky, people still think it is better. At the bank there is the Deposit Protection Fund, this is worth nothing if the banks remain closed in a crash. Nobody can then take off from his account to buy food, for example.
In such a case, you can do more with Bitcoin on his phone.
However, the Bitcoin is very volatile and therefore not well suited as an investment.
Therefore, you should be broad and have something of every investment.
Both are risky but we are talking about more risky so it should be the bitcoin. Bitcoin is risky because the possibilities might happen like scam, hack and the price volatility but take note that even thoug it is risky if you know how to handle that risk you may earn with high profit and be successful. While banks are the safest and easy to invest but don't expect that banks will give you a high profit. You will earn nothing on bank investment.
Banks will not be able to make huge profits every year like Bitcoin you can see. the more patiently you wait it will make a big profit.
In the digital world , the bitcoin is much more risky than bank investments, because in banks you passbook bank transactions receipt, that you know what are your transactions , in bitcoin investment you got to pour your money in the digital transactions without physical record but only in the sites, this is more risky to investors especiall that there are many hackers ,around the digital world.
Both are risky but we are talking about more risky so it should be the bitcoin. Bitcoin is risky because the possibilities might happen like scam, hack and the price volatility but take note that even thoug it is risky if you know how to handle that risk you may earn with high profit and be successful. While banks are the safest and easy to invest but don't expect that banks will give you a high profit. You will earn nothing on bank investment.
Actually both of them are risky, because in a bank sometimes they had a problem also that don't tell to the people if they are suffering for bankcruptcy and need to merge to another bank in order for them not to file totally bankcrupt, in bitcoin we cannot control the market condition, all we have to do here is just being patience to wait for the good price to have more profit at the end.
Indeed, I will like to say bitcoin is more risky. because of its volatility, it can just fluctuate within seconds. The interests than one can gain in bitcoin is very high but he/she stand a chance of losing that gained interests within few minutes later due to the volatility system of cryptocurrencies. But Banking systems is not really as such, except that they are really poor when it comes to interests on deposits in most cases.
I'd assume your from the Philippines in which I'm also too, you see the way your talking about this low,medium,high risk investment plan is nothing but a scam sounds really a stupid investment, investment plan in fact that you don't have any information where or what they doing to your money but I'd still prefer its more risky investing to bitcoin than the actual bank because legal bank have at least 2 to 1.5 % of gain annually to what you invest with, but with bitcoin it is likely to fall any time soon with its fluctuating market stabilization.
For some of us think that bank is safer than bitcoin. You have to be a risk taker in bitcoin, because in bitcoin there is no insurance. But in bitcoin you can control over your investment. You can hold it for the mean time and invest it if the price goes higher to get a higher profit
Investing with banks has always been safer though I don't know about different countries. But in your situations where you have no idea of what your money is been used for, then I guess its more riskier. After all, in Btc you have control over your investment and you can choose to halt it at any time. In that case, you don't lose much as compared to your case where they present to you whether you have made 100% profit or 100% loss
I think both of them have their own risk level, Investing in a bank that a large number of your investments are vulnerable to the influence of government and other influential people, meaning that investments are not given the opportunity to develop independently, bitcoin investments on the other hand come with risks and challenges itself and that's where the privilege of investing in bitcoin.
Bitcoin investments can never be compared with that of banks when it comes to profit making, just that the risk involved in cryptocurrency investments is extremely high same as the profits. I will say there's no much risk in banking investments but the profit is extremely low which makes me prefer bitcoin investments.
As where ... In my country the bank is a very risky place to store your savings. At any time, the bank can burst, and money will be returned within 1-2 years. During this time, the national currency may depreciate from 2 to 10 times ... These are such guarantees
Bitcoin is obviously more risky, but more profit you can make if you got lucky. but even thou the risk in hugher, the reward is much much higher that what the bank can give you.
Both forms of investment have risks.
At the bank there is the Deposit Protection Fund, this is worth nothing if the banks remain closed in a crash. Nobody can then take off from his account to buy food, for example.
In such a case, you can do more with Bitcoin on his phone.
However, the Bitcoin is very volatile and therefore not well suited as an investment.
Therefore, you should be broad and have something of every investment.
At the bank there is the Deposit Protection Fund, this is worth nothing if the banks remain closed in a crash. Nobody can then take off from his account to buy food, for example.
In such a case, you can do more with Bitcoin on his phone.
However, the Bitcoin is very volatile and therefore not well suited as an investment.
Therefore, you should be broad and have something of every investment.
btc is always more dangerous. Since this is the first super profit, it means risky. Budget budget is not over, but profit is low.
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