Bitcoin Forum

 Many people in my country still don't believe in Cryptocurrency and would rather save or invest with local banks but the recent sad event would serve as an eye opener to them. One of the top leading banks in my country (GTB) got there server invaded by hackers, some period before it happened they where advising customers to buy their shares and many customers did, I feel so sorry for those who bought shares with them cause their money is probably gone.

 Whereas investors could only lose totally on Cryptocurrency when they fail to invest on Bitcoin or other good Cryptocurrencies and instead invest on shit coins, or they save their assets on a custodial wallet instead of a non-custodial one, else Cryptocurrency especially Bitcoin is one of the best and safest investment any investor could think of.

 I wonder why anyone would even think of buying shares with a local bank or saving huge part of their money with them, when they could save for a long-term with Bitcoin and make huge returns later, Bitcoin blockchain makes it very secured and the only ways an investor is at risk is saving their asset with a wallet that could easily be penetrated by hackers or fail to safeguard their private keys.

Depending on how large the bank is, its not a bad investment strategy which pays healthy dividends, but you need to make sure you are investing in the correct bank. Right now I would not invest in small or mid cap type of banks. Way too risky, especially if there is a recession on the way. When the banks are liquidated, the share holders get nothing.

Look at JPM, pays a dividend and if you look at the monthly chart, it has grown alot since the 2008 bottom which was at $15 and now its over $200 a share. With dividends you would of made even more profit. However other banks like Signature are a different story, the stock is useless because most of the assets went to the debt holders and stock holders usually get nothing in the end.

Same with Bitcoin. Sure it is safe however, how would you feel if you bought at $72K, you would be under water. Maybe if it goes lower and you can get a good average, but if it peaked then you might have to stomach a 80 % drawdown like in the prior cycles. Hard to tell if this cycle ended or not however.

Apart from investing in crypto being better that stacking your funds in banks, buying shares from banks is not that profitable at the moment for so many obvious reasons. Now, better centralized alternative to the banking systems have gained popularity over the years and have attracted lots of users more than well known banks reducing how profitable banking business has become. Because the rate of profitability from the shares you get from banks is dependent on how profitable the bank is, investing in banks that's already loosing it profitability is not a wise decision for me.

I know of GTB and I'm currently banking with them not as per investing in Them through shares but basically receiving and transacting with it locally. The issue has always been like this where service go down and with time they still try to restore it but I'm not sure it has gotten to the point where customers share or holdings in the banks could be at risk. It's almost similar with buying a coin and leaving it in an exchange, should the exchange experience a sudden breakdown or hack, you're at the risk of loosing your coin. These are part of the risk that's associated with most of these exchanges and banking systems and so to be on the safer side, funds that's to be left in the bank shouldn't be much but should be more of an emergency funds while the rest should be invested into a more tangeable digital asset.

Most of the people's trust is in the system and that's why the traditional setup for putting up investments and savings through the banks is always there. As for these banks being hacked and money's gone, IIRC, there's the insurance that should apply to this kind of event so that people's money won't be affected or at least will get a refund. And buying a share, I can't comprehend how these people will lose money if it's on them and the servers are hacked. The money that will be taken will come from the bank although it can be the fund of the people that has their savings and not with shares because it is from the company that owns that shares/stocks.

I agree that investing in Bitcoin is the best choice to invest in the crypto market. But many still fail to do that because of what they are hearing from other people who are also in this market.

That's understandable, as I have said. Not everyone is keen on investing into Bitcoin, if they have heard for the first time then they won't be trusting it too quickly. Thus, there are too many investors that likes the traditional way.

Gold & Silver: Physical or nothing
Crypto: Self custody or nothing

Stocks, bonds, interest: Banks only obviously

If you follow this simple guide and form a diversified portfolio from these assets (crypto, gold, stocks, cash) you will be covering almost everything you need in a modern portfolio.

You should never go all in on one asset.

I believe top leading banks will refund the money, but it takes time and they might not able to refund all the losses.

It's true that Bitcoin is one of safest thing as a store of wealth, that's why most of my money is in Bitcoin. I don't have to stress whether banks got hacked, political issue etc that could harm my asset because they will never able to touch my Bitcoin.

Anyway, better to change the word "cryptocurrency" to "Bitcoin" since 99% of cryptocurrency aren't safe.

You wouldn't blame those who are yet to adopted the technology and of a true that are lacking but that shouldn't be that one is better than one because normally when there were no cryptocurrency people do investment with banks because that was the only ways of investment. It could be they bought some shares in the Americans companies and when it get their harvest time they pull of their investment with their profits some could be a live time investment where they said complain could be gradually growing while their investment keeps growing.

But currently cryptocurrency is now the new wave of investment and people who knows about the volatility can never want to take the risk especially when they sees people exclaimed about the effects and lost they encountered, they wouldn't want to experience such thing and nobody is willing to lose because of the current rate of inflation that has eaten up the whole nation things are getting too expensive.

Do you have any evidence or anything to guarantee that if everyone invests long-term in bitcoin, they will receive profits? What do you rely on to ensure that bitcoin will continue to increase in price in the long term or that it will exist in the future? Bitcoin's blockchain is said to be the most secure to date as it has never been attacked or hacked but what is the guarantee that it will be able to maintain that forever?

I invest in bitcoin and absolutely love it, but I don't rule out the possibility that one day it will be hacked or disappear. The future is unpredictable and everything has risk and bitcoin is no exception.

Not to mention not everyone likes bitcoin's high volatility so there is no reason to invest in bitcoin. You cannot expect that everyone will invest in bitcoin. The choice is everyone's, you should respect them because there is no certainty that investing in bitcoin means you are richer than them or you have a better life than them.

The main point of discussion is not about who's richer or who's living a better life, moreover we all don't know everyone's financial background despite that we're in same Bitcoin Community, the main point here is investing on an asset that's proved to be more safer and secured and there's no doubt that Bitcoin is safer and more secured than the other.

 The fact that someone is richer and living a better life doesn't mean they should invest on an asset that's got high risk factor, yes there's no business or investment plan that doesn't involves risk but I'll prefer Bitcoin anyday to buying bank shares, and I've stated my points already.

 You can't compare the price of Bitcoin since it's creation till this point and after every circle, it's shown that it has the potential of even going higher, for a hero member you should be aware that since the history of bitcoin, it's blockchain has not been hacked you could prove me wrong if am making the wrong statement also no investor should be scared of volatility cause it's Bitcoin's nature, as an investor you must love both the bear and bull season of Bitcoin to excel in it.

Systems owned by banks that lack security can often be easily hacked by cybercriminals. This is indeed a big risk that customers or investors who save their money in the bank must be aware of. Because if something like this happens, it is certain that customers and investors in the bank will experience losses. Maybe customers who save at the bank can ask the bank for compensation if this happens, but people who invest or buy shares in the bank of course have to let go of the money they lost. So with this incident, the risk of investing or saving in a bank is essentially very large. However, not all banks are easy to hack, as I said above, it is the lack of security that causes this to happen. Because if, for example, the bank's security is strong, I'm sure it won't be easy to hack.

Bitcoin is the safest crypto asset, so when it comes to altcoins, I think the risk is also quite large. So investing in crypto (other than Bitcoin) and investing in banks, in my opinion the risks can be said to be almost the same. Because altcoins definitely have owners/founders who can take liquidity from their coins at any time and the price will definitely fall or even have no price. In contrast to decentralized bitcoin where liquidity is very safe. So if you want to invest in crypto, just invest in bitcoin, because only bitcoin is the safest crypto investment asset among other cryptocurrencies.

Everyone has different understandings and thoughts. So we cannot force other people's thoughts to invest in bitcoin. But it is true, people who do not realize the potential of Bitcoin can be said to be quite unfortunate. Because in this digital era, bitcoin investment is something that is very promising. However, I am sure that in the future many people will realize the potential of Bitcoin, because usually very useful things will continue to spread into someone's mind. So we just have to wait for that to happen.

Be realistic about finances, you can't put all your money in crypto without involving a local bank. With strict government regulations, you will eventually have to use a bank account to withdraw profits. So it doesn't matter if you don't save in a local bank, but at least use it for your own benefit as an alternative. It's reasonable to use it as long as it is still a fiat currency as a legal tender.

I agree not to invest in local bank stocks, but in terms of use it is still useful. The bank does not force you as a customer but the bank asks you to pay taxes from the funds in the account.

I would doubt the expression "make a huge profit." In the same way, have you forgotten about volatility? It would help if you always assumed the most unexpected moments in life, what can happen, and how to prevent them. Therefore, investing all your funds in one asset is extremely thoughtless. If you have the opportunity, a diversified portfolio will be the best solution. Using the word "should" is also too self-confident. Do not forget that people are different, and everyone comes to bitcoin at one or another degree of readiness of their funds. If the market falls and assets fall, it is difficult to convince a person that he should not be afraid of volatility and love the bear market. In addition, saying that everyone is stupid and does not use bitcoin is also ridiculous, since bitcoin is simply banned in many countries and is not approved by regulators.

While this may be true for certain countries, where the banking infrastructure is weaker and the government does not put guarantees in place that your money is safe, it is not true for most of the richer countries out there. You are equally reliant and vulnerable to getting hacked, probably even more so than banks, if a hacker is able to figure out that you have access to a reasonably sized amount of cryptocurrency. At least if money in your bank was stolen there will likely be a path you can follow as the money is sent to another account where the recipient will be registered and verified. If your crypto was ever to be stolen, it could be sent to a wallet and you would never be able to identify the owner as they could obfuscate when they cash out.

Investing money in a local bank means depositing money in the bank at a fixed interest rate. However, there are many risks in this case such as decrease in the value of money due to inflation, if the bank goes bankrupt for some reason, getting some compensation according to the central bank's policy, money laundering or any political problem, limiting the withdrawal of money from the bank, etc. Considering these factors, investing money in the bank is very risky and at the same time, here you will get maximum profit of 8-12% every year. Which is many year will lower than inflation.

But with Bitcoin you can avoid inflation, earn high profits in short time and get financial freedom.  Here you have the private key of the wallet means you own it and you can control the bitcoins in your wallet whenever you want.  You don't have to be responsible to anyone

So i belive that Investing on Cryptocurrency is safer than saving or investing with local banks.

Investing in banks can be quite risky since they are prone to hacks, and they only offer low interest rates which means poor returns on our part even how long the duration of the investment is. Unlike crypto particularly bitcoin, you are responsible for the full security of your own account, and as long as you keep it safe and secured, hacking will be less likely possible. And just by hodling a sufficient amount, without getting tempted to sell at a low price, rest assured that you will gain huge profits in the future. Therefore it’s no doubt that when it comes to security and profitability, bitcoin always surpass fiat currency and banks.

Those are two different things though. Opening a bank account and storing your fiat with bank is something everyone does because it is safer and more convenient than storing it at home under the mattress! In some countries it is even illegal to store large sums of cash!!!

On the other hand investing in a bank (buying shares) is different. It is investing in a business that can be profitable. Just like any other investment it requires expertise in choosing what shares to buy and when to exit.
It also cannot be compared with investing in bitcoin and should not be instead of it (or vice versa, investing in bitcoin instead of buying stocks). It is a matter of diversification. After all bitcoin also has its own risks for example your wallet could be hacked so you lose everything.

There is some level of risk in all investments. People have also lost their investment in Bitcoin due to hacks and other security breaches.

Some people have also lost money investing in Bitcoin. Due to FUD, impatience, or ignorance, some investors have sold below the amount they bought. There is no guarantee that you will make a profit from Bitcoin.

Investing in Bitcoin is a good option but smart investors diversify. Having a long time and short-term investment is advisable. There is nothing wrong with buying shares of a high-performing bank. You could use the yearly dividends to sort out some expenses while you wait for the maturity of long-term investments such as Bitcoin.

Buying bank shares can be risky, and the risk depends strongly on the country and the bank. If a bank is fairly stable and so is the country, keeping money on a deposit account or something like that makes sense to some people. Bitcoin, especially if stored in a noncustodial wallet, is a great option, but if someone just wants to beat inflation by a little bit, they are free to trust banks and assess the risks.

I never mentioned that anyone is stupid for not investing on Bitcoin, you're getting a wrong impression moreover it's their choice. Anyways, the point I'm trying to make is that I'll rather invest on Bitcoin than buying banks shares or having huge saving with the bank, the bank has their role to play when it comes to daily transactions since Bitcoin is not yet widespread but having huge savings with them is not advisable.

 Anyways it's understandable for those that it's been banned from their country, they could either relocate or diversify to other safer portfolios. Talking about diversification, I'm fully aware that their are other portfolios for investment like Gold and Real Estate but when it comes to investing on digital assets Bitcoin is better and safer than bank shares and one can still diversify to good Alts like ETH, BNB or even SOL.

 Also ones degree of readines should determine their investment plan and strategy, that's why there's the DCA method for those who are not very wealthy enough to acquire bulk BTC, they could buy in bits and hold for a long-term, it would only be difficult to convince someone who doesn't know anything about Volatility cause some who has a good knowledge about Bitcoin wouldn't panic when the price falls but would seize the buy opportunity just like a week ago when it fell towards $48k but it's currently close to $60k.

Except for the bitcoin you're investing in, your investment is not safer than the banks. It's probably even worse. Your savings in the bank might only be affected by inflation (if we put all the security and privacy issues aside) but with altcoins, your coin might dip one day and never go back up, leaving you with nothing.
So if you're looking for an alternative to the bank's kind of savings and investment and you want to invest in Crypo. stick to bitcoin for the long term and you'll be safer if you follow all the security and privacy measures.


Buying the shares of a bank is different from saving and investing with the bank. I will totally recommend people buying the shares of a bank, defending how successful the bank is. It doesn't have to be one of the biggest banks in the world, as long as that bank makes a lot of profit at the end of its financial year, it might be a good idea to buy its shares if you want to diversify.

More precisely "Bitcoin", because not all cryptocurrencies are safe for you to store money in. Because with Bitcoin you can store it in a secure non-custodial wallet and can manage it anytime and anywhere you want, without worrying that it will go bankrupt or your assets will be stolen (unless your device is hacked). Bitcoin gives freedom to its users who want to manage their assets without having to worry that it will be complicated like they do managing an account at a bank. Everything can be done directly from the user's device and it does not require identity verification - which makes it the best place for people who value privacy.

This is the major problem we have with online platforms they tend to be prone to hacking, but in this type of situations where banks are mostly licensed I think some shares actually have insurance, probably this shares would be insured and it’s investors could get something out of it but the warning is there, one shouldn’t just invest in this things because the APR isn’t worth it to me.


I will first rule out other Altcoins as even an alternative, they should strictly stick to bitcoin only, because the Altcoins are just pure gamble. Then you invest in bitcoin it also has its risk of been stolen if you don’t use a reliable or good wallet which is cold wallet storage.


Now this is one narrative I don’t want people to pass about bitcoin, the ROI is huge compared to shares but let’s not forget that it Carries it own risk when invested in. You could lose but when you go long term The risk is minimized

I understand what you're trying to say but I don't think I'll rule out all Altcoins, it's not good to generalise by saying all Altcoins are pump and dumps, yes there are pump and dumps but all not all shouldn't be classified under that category, let's take Ethereum for example, even though the price is nothing compared to Bitcoin but just like Bitcoin it's set different ATH since it's launch and has the potential of going higher.

 That alone makes it a good digital asset for investment, I would've considered your statement if you talked about security cause not all Altcoin can be stored in a good non-custodial wallet like Electrum but there are other ones that accepts coins like Ethereum and even if one wants to risk storing it in a custodial wallet then they could secure it by setting a 2 fac authenticator to make it secured.

 However, I agree with you that Bitcoin still remains the most secured digital asset for investment and every investor needs to prioritise cold wallets instead of exchanges which could be risky. Also the fact still remains that an investor can still invest on good alts like Ethereum when they've accumulated enough Bitcoin.

This market has only been around for a short amount of time compared to modern banks, so at least to me it is not rare at all that people in general trust banks more than they do cryptocurrencies, especially when the media portrays this market on the worst light possible whenever they can, while we must also admit that with the exception of a few projects, the majority of the coins that are in the market right now are scams or projects that are not worthy of your investment.

I would really be that disagree when it comes to safer investment or something but when it comes on a good option then cryptocurrency would really be that considerable but of course
when it comes to risks then it would really be much more riskier than with those traditional investment that we do know. You have to deal up with that extreme volatility on which we know that this could
really be that make you have that kind of panicking on the time that you would be seeing your investment is going down. It would be better that you should really be that making those explainations into your
friend or known someone that its never been considered 100% safe but its not really that something bad also. You shouldnt really be that making yourself having those kind of claims as if it is really that a guaranteed thing because on the moment that they will losing their investment or seeing negative then for sure you would really be blamed out for that. hahaha  ;D

You don’t have to blame everybody, and you also need to understand that some of these people that chose to leave their money for bankers to use in their own businesses because they know nothing about the financial freedom brought to us by the invention of Bitcoin, while some of them don’t trust cryptocurrency which is why they keep risking such huge amount of money with their local banks for hackers and others centralized authorities to be using for their own benefits.

The truth is that, cryptocurrency investment is risky, and people wants safe savings method that will not be under risks of losing some part of the money, and most of them are lazy and don’t wants to learn which is why they can never leave commercial banks.

Not totally safe, but it relies on how secure is your wallet from potential hackers or fraudsters. If you have significant amount of bitcoin stored, better not to divulge any of your crypto transaction over the net as these fraudsters are just looking for their next victim.

Also, do take note, if the bank is hacked, their depositors have some kind of insurance. It means, they can still get their funds. It is not the case that they won't.

In general, not all cryptocurrencies are safe to invest. If you want to invest, it is easier to simply buy Bitcoin and you can say that you're totally safe with what you've done. This is the kind of decision that many fails because they are generalizing cryptos into various types of altcoins too which isn't wrong but if it's about safety net in investing here, you're safer and better with Bitcoin.

No problem if someone likes to invest in a bank, a broker, stock market, bank bonds, etc. The risk they get there is fine and they can blame themselves for being aware of the risk there for which isn't a lot. Compared to Bitcoin, the risk is still quite high but they will have an assurance that this asset is never going away and it is here to stay. I think that the skepticism that they're having for Bitcoin is because despite having the money, they wanna make sure that each penny that they spent in any investment is worth it. But little did they know, they shouldn't do that with Bitcoin because considering the market cap of it, it is even more than with most of the countries GDP, cmiiw.

What I can say about this argument is that investing in cryptocurrency with traditional bank accounts hinders strong considerations. Initially, Cryptocurrencies can have tremendous potential for high returns because they are distributed in nature. We all know that their advanced blockchain technology ensures security against hacking. However, the security of cryptocurrency depends largely on how one handles the wallet and personal keys. And what i can say on the other end is traditional banks are often vulnerable to cyberattacks despite robust security measures. Events like what happen before, have shown that this can be a problem in protecting bank accounts and investments. They typically offer relief based on banking policies, but also carry their own risks such as bankruptcy and other business problems. What all I said is public knowledge, and knew some people too that are still skeptical due to the novelty and headaches involved in using cryptocurrency safely. That is why the conventional savings account is still the most popular for investing and saving. Moreover, insurance is often put in place which would cover depositors and repay them in case banks break down and property is destroyed since this would ensure that personal funds are protected or at least restored. In the event that a bank's servers go down like what I mention above, the immediate financial impact may not be directly relevant to the working capital, as it appears as an asset of the bank working capital rather than any capital. But in the end, serious breaches may cause significant financial disruption or depreciation in the value of investments that may hit shareholders hard.

It is not quite true because cryptocurrencies are also vulnerable to hacking and bankruptcy as banks, how many accidents we heard about in recent years about hacking or bankruptcy of platforms, the most famous of which are Terra, FTX, etc., so it is the same thing in this respect.

But investing in encrypted currencies is better than investing in banks in terms of hedging from inflation and maintaining the value of assets with the possibility of growth in the future, especially for reliable assets in the long run, such as bitcoin.

Don't underestimate or criticize others just because they don't have the same thoughts and choices as you, that won't make you better than them.

This world is colorful and each person will have different interests and perspectives on life. As you said, many people don't like risk and like safety, so what's wrong with them choosing safe solutions like banks or stocks? Not only ordinary people are saving or investing in bank stocks, businessmen and billionaires around the world are also saving and investing in bank stocks. Do you think they are lazy or don't want to learn?

Or even your parents, are they investing in bitcoin or are they choosing the bank as a place to save money? If you think that people who save and invest in banks are lazy and ignorant, then you are also criticizing the people who gave birth to you.

Actually it all depends on the bank in question. I'm pretty sure that the bank will try to reimburse their customers. After all, they have permission from a country, which means, they can probably cover all the risks they can take, even if it will end in the bank closing. Apart from that, in my country there have also been cases where customers lost their money, and they were able to claim it, even though it took several weeks. However, many people feel that keeping their money in the bank is safer and more practical. So far, it is very rare to find cases such as a CEX being hacked, or a wallet being stolen, and then the user's assets can be returned within a few weeks. That's because it's very difficult to find the person responsible for it. So far I only feel that crypto is an alternative payment and investment. If you want to save money, it's best to save it at a local bank, especially if you only save it using Fiat.

Some years back, before I got introduced to bitcoin, I saved  quite a huge some of money with the local banks. Well, the bank didn't run away with my money and everything I saved, including some insignificant interests remained intact. But, the value of the money i was able to save depreciated so badly due to inflation. I didn't need anyone to tell me I made a wrong decision by keeping my money stuck in a bank for years.

My golden rule is, "never keep any money idle". It must not neccessarily be invested in bitcoin, but as long as that money is generating income or appreciating in value, then it's fine. Banks need their customers' money to do business with, they are not doing these customers any favour when they collect money from them. It is left for these customers to be wise.

Cryptocurrencies are still quite new and are not even legalized in some countries yet, so you cannot expect everyone to choose cryptocurrencies over banks. Additionally, just because a small bank in your country goes bankrupt, you cannot equate them all and assume that all banks around the world are the same.

I have been using the bank for over 15 years and have never had a problem. Not to mention, if the bank goes bankrupt, they will have a policy to compensate people for their losses because they are under government control.


Bitcoin is still considered an asset, a high-risk investment because of its volatility and relatively small age. If we were to give a comprehensive and fair assessment it would clearly not be the safest property as you say.

Bitcoin is the safest asset? This is just an unfair assessment from bitcoin investors, nothing more, nothing less.

I agree that Bitcoin (as a technology) is more secured considering its decentralized nature. But I disagree that it is a safer for everyone. All types of investment carry their own risks. Bitcoin (and crypto in general) has its own risks, but it's a different kind of risk compared to traditional banking. Can you honestly say that Bitcoin offers the same level of security for someone like you or me compared to those who are less technologically inclined, such as the elderly?  It's about education and taking control of your finances. If you understand the tech and protect your sensitive data, you're in a much stronger position.

When you choose to save money in a bank, of course the money you save will not decrease and of course will increase with the interest given by the bank to you, but in this case of course the bank will use your money to be given to customers who want to borrow it and get greater profits than what you get and also saving money in the bank will be very detrimental when inflation occurs the value of the money we have will remain the same but when you want to use it of course the value will decrease as before inflation.

It is true that it would be very good to use the money we have on things that can generate profits and of course this will depend on each individual according to their wishes and most importantly they do not save their money and do not generate any profit of course this is not the right choice, the bank will certainly need customers who save their money in the bank so that it can be used for their business but when the customer wants to withdraw their money in large amounts of course there will be requirements given by the bank that must be met before they can withdraw from the bank.

Always a good option to have at hand, I do recommend it to anyone starting their shares and stock market ventures.

On the other hand savings are important too, they may not be your major investment but they are needed in times of emergency and therefore ignoring them can be a massive blunder.

Bitcoin is a high risk asset and along with many other assets should be a part of the portfolios of upcoming investors. Its risks need to be understood clearly before investing but only investing in bitcoin is not recommended. I do not recommend altcoins, but the rest of the capital should be divided among traditional assets.

I think that everything will have risks, nothing is truly without risk, it's just that what distinguishes it is the level of risk, low, medium or high. I agree that bitcoin is an investment asset that has a low risk, besides that we have freedom when holding bitcoin than other investment assets, especially if it is related to banks or even the government. However, the low risk is also for those of us who already understand bitcoin very well, while for those beginners the risk is greater in my opinion. Because it takes a lot of knowledge to keep our assets safe.
I once had this experience, although the one who experienced it directly was my friend. at that time my friend wanted to try investing in one of the coins, but without sufficient knowledge he stored it in a wallet where he did not store his seed money. He deleted the wallet and could no longer access it. This is what is meant by those who are beginners have a greater risk, because their knowledge is not ready and still need to learn a lot more.

People not having any type of understanding of crypto isn't really that complicated, this is something that we are used to by now because I have been here for longer than a decade and I have seen people who do not believe in crypto at all, end up being very good at crypto and love it. That happens because time does help us in this case and we are going to end up with those people realizing that they could make more money with crypto. How do they realize it?

Well, they see first the strangers who make a lot of money from it, and I mean a lot, like turn a few thousands into hundreds of thousands of dollars, then they hear people around them, either a family member, or a close friend, or friend of a friend, and see that they made some money too, and eventually they decide that they should be doing the same thing as well. We are going to end up making some good money from it and with that belief they get into it. Some make more and sometimes they end up not making any money at all.

investing on cryptocurrency and saving money in local banks both have advantages and disadvantages,
but saving in a reputed bank your money is safer than investing in cryptocurrency,
a reputed bank of course will refund your money in any hack incident,
if a bank goes bankrupt and there is no possibility of getting your money back, that is a different matter.

Both have their own advantages and disadvantages, and those of us who have known the crypto world for a long time will certainly choose to invest in crypto when compared to banks, but banks work more realistically and have buildings in every area so we are safer to save money, but if we want to get profit then we will choose crypto of course.

We continue to trust these banks, and they continue to screw us. The whole damn system's rigged. Bitcoin? Thats the antidote. Blockchain puts you in charge but is not really safe. Your money, your rules. What one does not get scares others. They affine to banks like a security blanket. Its more about habit than about reasoning. Bitcoin represents reclaiming your financial freedom, not only about making money

Security is something we all seek. Everybody wants to increase their fortune. Still, we also find great horror in the unknown. We thus continue to live with the same old garbage that fails us repeatedly. Bitcoin turns the script upside down. Its originality and openness are clear. It corresponds with our most basic wishes. People who lack understanding of Bitcoin are afraid of it. The media drives up the dangers and volatility. Indeed, the travel is not flawless. Still, the possibility exists

Banks are centralized services that will bind you with various terms and conditions when you invest in them. They will use your money to give credit to other customers, while the profits you will get are not commensurate with the amount of your investment. Imagine how inflation has made fiat value continue to disappear all the time, this is clearly detrimental for those of you who hope for growth in value from investments.

If you have a choice, then choose gold and property over banks. Investing in bitcoin is certainly one of the best, but remember that you also need to diversify so you can minimize the risk of anything unexpected.

Bitcoin has the advantage of being decentralized, so you can store your coins inside a wallet only you are going to have access, therefore the government or the bank are never going to be able to seize (steal) your money.

On the other hand, crypto investments aren't safer than investing with local banks if we take into consideration it's a heavily volatile investment, which fluctuates a lot in price, especially on short term. It's a high risk investment not everyone is able to do, because they might get stressed and anxious due to the dumps in crypto market which happen without warnings and without any reasons.

I would avoid banks, but at same time, I wouldn't put all my expectations on cryptocurrencies, anyway. It's important to always have a Plan B in emergency case, so splitting investments into different categories is a good alternative.

Nowadays, the service charges of banks have increased tremendously, due to which people are using banks only to transfer money.  Earlier people resorted to banks to store their savings and earn profit on it, but now the situation has changed.  Most people look for investment opportunities that are more profitable.  As a result people are investing in land and property, which provides long term benefits.  On the other hand, individuals who are financially literate and understand market volatility are preferring to invest in cryptocurrency.  Crypto currency though fraught with risk also has the potential to generate high returns in a short period of time.

In my country here, banks are working tirelessly to eliminate the service chargez on either transactions and other electronics services, but still there is limitations if you compared bank and assets like Bitcoin since Bitcoin intrinsic value make it investment to be so much better than saving your money in the Bank, and with Bitcoin you stand to gian from the market volitilities and at the same time avoid taxes, but in you banks savings, I think each month a percentage is deducted and sent to the fed account for taxations and if you ask what the taxes are for, they will simply say it a value added tax and only the government can tell the role in the society that their use such tax to sort out.

If you live in some corrupted unstable and volatile region, i totally get your point, but i wouldn't say it's not safer with regulateed and trusted first world banks. At least if you yourself aren't a criminal or some aml blacklisted fugitive. Then going all in to crypto and physical gold are probably safest choice as everything else can be taken away easily, especially money from your bank.

Banks also have different categories. If you deposit money in a top level bank, there is less risk, especially from security risks, but if you deposit money in a middle class or lower level bank, there is a higher chance of losing money. So keeping your money in Bitcoin is safer than worrying about keeping it with someone else. Especially if a good wallet is selected and the security keys are well stored and Bitcoin can be held for a long time, it can give a much higher return than any bank. The opportunity to keep your own money and build great wealth there in the long term is no less than a bank. Moreover, those who can predict the future will definitely choose Bitcoin.

Saving in banks will only be a lot risky if you are putting majority of your funds in there and give them the full control to keep and manage your funds. Hence, you are like giving away your funds in case you don’t know, their keys, then it’s like their money already. Unlike if you chose to invest in bitcoin, you are the only one aware of it so you can guard it 24/7 without other entity to look at it. Your money, your keys, and its security is within your responsibility now.

The other day, a Swiss Bank Flwobank went Bankrupt (https://x.com/fillippone1/status/1824124409600258293?s=61), hindering the operation of stable coin issuers whose reserves were stored in that very Bank.
From time to time, the two things seem more interwoven than ever, even more, when regulators put some stupid rules in place.

In fairness, investing in financial products offered by banks have its advantages also. There are bank investment products which offer you a fix return within a specified period of time. So, compared to the uncertainty of Bitcoin, these products assure you that you will get this amount of profit for this amount of investment within half a year or one full year. There are also other benefits like insurance and whatnot.

If it's the long term that you're thinking though, Bitcoin is probably the better option. But again, there is no guarantee. The standard investment rule about higher risk higher profit may apply here.

With all of the conspiracies there will be a collapse coming from the largest banks and financial institutions. We all know it that it's never been good to park your money in the banks.

If you're for the longevity of your bank, better invest it in Bitcoin than in the banks. I'm not going to discourage someone who thinks that stocks is a good one because there are dividend stocks that can give you passive income.

However, the performance of those are still dependent on how is the economy of the industry that these companies are in.

In terms of investment, banking is not the right thing for us to choose, but its role in life is undeniable. Do you or OP or anyone here not have a bank account? I guess we are all using it and fiat every day. If there were no banks and fiat, how would we buy bitcoin?
The more important role of banks is that if you are a business, you will need banks more than you think. If you need money, where will you borrow money to support your business? Can Bitcoin do that?



In terms of investment, yes, bitcoin is the best choice for us. Why? Because its volatility can help us make high profits or can even make us rich. For people with small capital like us, choosing gold or banks is not a smart choice, bitcoin will be more suitable for us.

Even peoples are understood all risks and conspiracies about these things but still this debate is not going to end because we are living in the world where no one is living complete live and can't go ahead with just own way of life we have to depend on things which we never like, but we have to manage this because we are living here same option is about this.

Even I am feeling comfortable with the investment in Bitcoin but still I am doing things which are benefiting the banks and related stuff because I can't go without them in my life even I am also having many loses through these but still we need them, and we have to manage them I am feeling comfortable with bitcoin and cryptocurrency but still it's not working for all needs of life too many lies around us because they are also looking for profit and this is only possible with things like these at the end of this I have strong belief in this bitcoin instead of this old system which is near the collapse.

I want you know that Banks are not perfect and Bitcoin and other cryptocurrency are not perfect too. There is limit to what all of them can give you. There are people that have invested into some bank shares and they are happy they did because they bought since when some of these banks have little to no liquidity and now they have became one of the big brands all over the countries and also some continents.

Beside, msot banks existed 50 years or even 100 years before the idea of Bitcoin and cryptocurrency emerge, they were there before crypto came on board and it was because of this limitation Satoshi see that the traditional finance is collapsing and brings Bitcoin into existence and ever since the creation, the banks have been relentless and don't want their system to fail so Bitcoin wouldn't be seen as the messiah that people will embrace.

The main point of discussion is not concerning perfection, infact there's no perfect investment cause they all got their risk factors, I'm just trying to let you know that Bitcoin investment is more safe except when investors expose their assets to hackers or scammers by exposing their private keys or using a custodial wallet which can easily be penetrated by hackers.

 Also there were times when people where okay with the barter system before banks came into the system and birthed Fiat, based on your statement, what I'm trying to say is that change is constant and Satoshi created Bitcoin as an alternative to the banking system which has now developed into one of the best and safest digital asset for investment.

 Gradually the world is seeing the potential of Bitcoin and sooner or later everyone would have no choice but to embrace it, hope you're aware that Dubai Court just accept Bitcoin as a mode of payment to workers, that's a welcome development and sooner or later most countries that's placed a ban on Bitcoin would have to uplift it.

i don't invest money in bank for long time, because profit is fixed and very lowest, then inflation is the big problem if money is invested in bank,
my money will be devalued gradually because of high inflation so i think fixed deposit in bank, it's a loss project,
i will choose to buy land and gold.

In the local news said something about an hack into their website and had access to some customers details but didn’t see any news of users losing their funds or getting their investment in shares lost forever. GTBank is a large bank in Nigeria and one of the most best performing banks in Nigeria, they could take care of losses like this because I don’t think it was a big hack that made them lose money unless they say otherwise. All users money are still saved and no one complained about anything with their server or having issues accessing their money.


In a country where the government don’t want to embrace bitcoin and cryptocurrencies or even want to think about it but rather placing penalty on banks users found transacting in bitcoin, you have no choice on them to save with thier local banks and be safe from government punishment. Just like banks, cryptocurrency also has its own disadvantages but with care and caution, it’s better you have full custody of your money than leaving it with a third party vulnerable to hack and attacks.


This is what the people have trusted for a long time and without proper dissemination of information to them about the relevancy of bitcoin to be used as a means of savings and investment, they’ll keep seeing it as something that’s harmful to their money and the government threats will also not allow that to happen easily even if they show interest to start saving in bitcoin.

Pro-bitcoin investors will definitely stick to this concept, but for those anti-bitcoin, trusting and saving in a bank will be their topmost priority. And we can’t blame them also for that since bitcoin is still new to majority that’s why a lot still doubt whether bitcoin can be a reliable one or not. Whereas banks have already existed long time ago and people have get used to it since from the beginning.

However, changes are inevitable. And people who were against bitcoin before are now siding bitcoin today, Trump is a perfect example. Investing in bitcoin or any other cryptocurrency is the trend these days, while physical banks have slowly become stagnant since digital transactions are more convenient these days.

You are right, each bank certainly has a different system as you said and also there is very little profit that we will get from saving money in a bank but we can save some savings for emergency needs that we need in the bank and save in Bitcoin as an investment in the long term and also we will be able to make a profit from it but we must be able to take good care of the wallet key that we have.

Choosing to save your own money by investing in Bitcoin will be very good and we must be able to do it consistently in order to make a profit when it is bullish and it is very impossible to get it by saving money in the bank, it will be very detrimental when inflation occurs, the value of the money we save will decrease in value even though the money we save does not decrease.

People invest and save in banks because they think it is safer. Cryptocurrency is a risky investment and you might lose your money if you misplace your private key or recovery phrase or if your wallet/ account gets hacked. The majority of the people are not risk-takers and go with the conventional methods when it comes to investment. Also, people are often reluctant to invest in a new project.
Some large banks are performing well in the stock market and give healthy dividends. They have established themselves over the years and gained the trust of investors. It is not advisable to invest in one asset. Diversify your portfolio with BTC, gold, stocks, and mobile assets (property etc.).

We know that for sure because even if we want to dispose of banks 100%, there are still some services and uses that we can enjoy from them.

But if it's about larger funds, you can think of it on how much you're going to park there and whether you invest to any of their investment products or just want to deposit to see how much you've got, we all have options to make and we're in a better situation now than before.

Because before we have no option, there's no Bitcoin that we can rely on for our funds, assets, investments and etc that serves all of those purpose all at once.

This can be of good investment for those who don't have the knowledge of bitcoin investment and those who are not even interested in investing bitcoin. I don't think it will be of good sense for someone to invest in what they know nothing about because it is very possible if this person had invested in Bitcoin and do not understand the market of bitcoin very well, I don't think investing in Bitcoin will be of any value to people who don't understand it because volatility can be a reason for fear for to sell at lose. It is better let the bitcoin investment before those who understands it and won't be in panic even if the market falls because they understand the movement of volatility,  with this understanding there will be value in the investment of bitcoin.

In my country our fiat currency has so much devalued because of the inflation that we're experiencing so in economies like ours it's not safe to keep your money in our banks. The amount will remain the same in your bank account but the value will keep depreciating because it's purchasing power is getting lower. It makes sense for people we are in countries that are hit by inflation to convert their money for long term investment into Bitcoin and money for short term uses into stablecoins.

As for buying shares, it's no longer a top priority for me as a person that has the knowledge of cryptocurrency, I'll rather hodl Bitcoin on the long term and wait for my ROI to keep increasing. Bitcoin is a store of value and a better option for me to invest instead of leaving my money in the bank or investing it in many shitprojects that are everywhere .

That is true for almost every nation and that is why we are trying to put our money into crypto, keeping your money in fiat makes no money at all and doesn't give any good return. We need to figure out a way to make as much as possible without really bothering us at all, it is going to see this changing eventually.

We are going to have some trouble of course, and we need to consider how to make changes to this, but as long as we do not have any issues, it should not be really that complicated. Think about it, there is a simple way to avoid this, you just put all your money into bitcoin and hold it for many many years, if you can do that then you are not going to get anything bad, you will get a good result and you will be happy about it. I know that it is going to take a lot of convincing for one person to go from pure fiat investments into pure bitcoin, but that is the way to avoid getting all of your money lost to inflation, hence bitcoin is the way out.

Did you think investment would be better than bitcoin investment? Because, in my opinion, poor or average people may not be able to invest in banks. For you to make money from bank investments, you need a million or thousands of dollars before you can be able to make a good profit from them. Unlike bitcoin investments, you can invest using the DCA method by putting in some amount of money weekly or monthly based on how you earn money. So in my opinion, I don’t think bank investment is the best option for investments; rather, someone should go for bitcoin investment and hodl for a long time.  

They have probably not yet discovered Cryptocurrency or compared the profitability of both assets, and there are countries like ours that protect or insure deposits of a certain amount.

The banking industry will not or cannot die. There are sectors of industry where banking's presence is important to push their operations; banks and cryptocurrency can co-exist, and they don't have to shut one another.
Investors can diversify their portfolios; I don't see banking as a dying industry. The government can help sustain their existence. In fact, some banks are government-run and funded.

That motive of settling a trusted emotions to have your funds invested on Bitcoin demands some exceptional structures in diversification of our source of income in different ways.

Being clearly noted, no sector of finances is 100% guaranteed to say that it has not been tempered by scammers in anyways.
The banks has been experienced with armed robbers and so also scammers has been troubleshooting in invading the banks security computerized peripheral as a  result of hacking the banks system.
This is not exemptional to Bitcoin being untempered asset technology but the security differences is that since Bitcoin is not a physical holding, it has made limitations towards its possible attacks through its software programs.

If we must talk about the risk of investing in the bank and investing on Bitcoin, I think the choice of Bitcoin would be more highily risky because when scammers attacks a bank which you invested on or you saves your funds on, it is ideal that it was the government owned funds that was stolen but when it affects to Bitcoin, it is believed that it is an individual owned funds that was stolen due to the decentralizations of Bitcoin and its blockchain to say every Bitcoin holders stands at their own risks because you are at self custodial to your funds and failure to keep your wallet s d security keys protected to the maximum order stands at your own risk.

So, understanding the risk factors of Investing under a centralized blockchain as the banks gives eases that investing on a decentralized blockchains as the Bitcoin because at such invasion, you can always hold the government responsible while you have no one to look up to when it is applicable to Bitcoin.

also because bank heavily regulated and have reimbursement if things went wrong (well at least some of them have) so they find safety in it even though their money just gonna get crushed by inflation at the end of the day.

we all know interest of 5% yearly isn't enough to combat inflation, some people have this mindset of depositing big chunk of money into bank and live off of it, little they know in just 10 years, their big chunk of money might not be a big chunk of money anymore, the interest which they got and that they used to live off was actually money to prevent inflation that they should've kept if they want to retain their capital worth.

Cryptocurrencies, Bitcoin in particular, do present a safer and potentially profitable alternative. However, one has to realize that many individuals are still skeptical of the new way of thinking and prefer traditional methods of investment, such as saving money in the bank or buying stocks because that is what they know and trust. It takes quite a good amount of knowledge to make a switch-over to cryptocurrencies plus understanding the associated risks since it might not be readily available for everyone.

Bitcoin and other cryptocurrencies have a lot of advantages in terms of security and potential returns but on the other hand not everyone can take up high risks. For some people investing in a bank or stocks is still safer, and secure-feeling notwithstanding the risk that comes alongside it. Every person’s investment choice has to be respected at the end of the day, but also continue disseminating information related to different investment opportunities so that people can make decisions that are more suitable for them in light of their needs and risk tolerance.

actually investing in cryptocurrency is not safe either, just look at how many crypto scams there are until now? i can say that there are thousands of crypto projects that are scams and cause losses to their investors. so depending on the type of cryptocurrency, it can be riskier to invest in it or safer than banking.

Yeah, It depends on the Cryptocurrency one choose to invest on, if you focus your investment plan on Bitcoin then it's much more safer than every other Cryptocurrencies, also you'll only be victims of Cryptocurrency scam when you pay attention to any sites or investment plan you come on the media, invest more on other Cryptocurrency asides Bitcoin, fail to buy Bitcoin from recognised exchanges and save in a non-custodial wallet.

 I don't know about you but I'll choose to invest on Bitcoin over any bank investment nor save huge part of my money in the bank, you're fully in control of your savings when you invest on Bitcoin and volatility shouldn't be an issue since you're investing for long-term, scam also shouldn't be an issue when you store it in a cold wallet like Electrum.

Whatever way we choose to safe our money, we should always know that any of the ways could be risky even though using the funds to invest in cryptocurrency. I don't really know why many people think that crypto investment is less risky compared to others. Any financial investment is very risky and we should know what it entails before we think of putting our money in such an investment.

It is also good for us to invest while we are eating because once we bring fund for investment, we will be making money while saving rather than saving without making any investment which is a way for us to generate money for ourselves. Cryptocurrency investment need a quick attention and continuous monitoring to know when we have to sell to buy again when price is down since this is one of the fastest way to make money in this ranging market.

risk will not be far from life but if we do not take risks there will be no change in ourselves. banks or crypto have their own advantages. so in my opinion take both because they have advantages that must be trusted and all of that needs to be processed. think of many uses, so if you find a gap for me it becomes a source

Are there people assume to keep money in the bank is a kind of investment?  ???
Save money in the banks isn't 100% safe. In my country, there are quite a lot of private banks that have closed because of bankruptcy or other reasons. As the result, the customers' money is trapped. Even, many of them still didn't get their money back after years.

It is actually the basic knowledge in crypto. If we learn it carefully, I'm very sure that we can deal with the risk. Managing private keys/phrase isn't something very difficult but it requires the caution.

If people aren't brave to take the risks, they are better to stay away from investment. There is no investment with zero risk, no investment can guarantee profits 100%. Kindly focusing on saving if the people don't have a bravery to deal with the risks. These kind of people will easily blame crypto if they fail in crypto investment, they are better not to come in crypto investment.

This is just a choice. It is not a must to join new projects. There are too many old projects with good reputation if someone doesn't want to invest in a new project. I think it is not a big deal!

Yes, I also think investing in cryptocurrencies is much better than saving or investing money in banks these days. Currently due to inflation the value of money has started decreasing day by day, if you keep money in the bank then the value of your money will continue to decrease day by day. For example, 1 year ago our country's $1 dollar was BDT 85, now $1 dollar is BDT 120+. If you withdraw money from the bank, you will be accountable in various places. Currently in our country you cannot withdraw more than BDT 300000. Keeping money in the bank means keeping it under someone else's control. But you are in control when you invest in Bitcoin. You can sell when you want, sell as much as you want. In terms of profit, if you keep money in bank you will get profit (10-12%) per year but you can expect double profit if you invest in Bitcoin.

Yes, cryptocurrencies are risky. But you need to choose trusted currency. Bitcoin is most popular and trusted, so you should invest in Bitcoin. If you invest in Bitcoin and hold it for a long time, you will definitely benefit. So, don't invest in currencies other than Bitcoin.

Yeah, it's basically like getting private equity. Who wouldn't want a part of that? Actually it has the potential to make gains even quicker than Bitcoin, so I can see why it would be very attractive, as long as you have the funds to buy a few modest shares first (versus buying an entire Bitcoin in 2024). You just want to avoid the banks that have questionable practices as those could fall or remain unprofitable for a long time.

Traditional banks do not make as much profit as we think they do. Most of them rely on loans and international exchange to make good profits in the banking system. Having a share in a bank would only potentially for more gains compared to investing in Bitcoin if the shares in that bank are above 5% or 10% anything below that is average. Investing in Bitcoin would give maximize profit if large money is invested in it, and over the years may be a decades or interval 5 years. Bitcoin would yield more potential compared to the shares any bank could give.

They are giving low percentage per annum which is really bad if we look for profitability. That's why if they think about investment banks would never be the best option for them since the only thing they can get their is fixed low annual returns.

While if they put their money in bitcoins either they choose to trade it or just hold their asset for long time their are huge chance that they can earn more better especially if they gather a lot more experience then know or figure out already how they can figure out such situations need to look forward and how to take advantage in those situation to gain some returns.

Ignore altcoins and shitcoins, and if we compare bitcoin to traditional investments, bitcoin is the best return investment I have ever seen. But the higher the profit, the higher the risk. Bitcoin has greater risk than investing in stocks or depositing money in banks, we should not deny that.

@OP, A few banks may go bankrupt during difficult economic times, but that does not mean the entire world banking system will collapse. We should remember that the banking system has been around for hundreds of years and has gone through various economic crises, while bitcoin is only 15 years old and hasn't even gone through any major crises yet. Therefore, rushing to judge bitcoin as safer than banks is completely wrong and biased.

Don't be so sure about that. Local banks make a lot of profit. I guess you don't have an idea of the amount of profit that they make yearly from the loans you're looking down on. We're not talking just payday loans in thousands, they give out loans in millions of dollars that they will receive a 10 to 20% interest annually for the next 5-10 years. I think you should read up on it before concluding.

One local bank in my country made a 120% increase in gross profit in 2023. They made over a billion dollars in gross profit that year. This may be a big bank in my country, but globally they are small and they make this kind of profit. In fact, it's rated 856th in the global ranking, it's the 4th biggest globally rated bank in my country, so imagine how much profit the bigger ones make annually.
Dividends to shareholders are paid from the net profit so that means after a year. shareholders have made more than a hundred per cent profit on their investments. And since it's paid "dividends per share", the more shares you have, the more dividends you'll receive.


Isn't that the same with almost every investment? A person who buys just one share and a person who buys thousands of shares in a company won't make the same profit, will they? And over the years will the share grow even further?

There is no doubt that Bitcoin and other cryptocurrencies have proved to be one of the best investment assets for the time they have been around, but we can't deny the fact that traditional investment methods existed before them and a lot of people have largely benefitted from them. There are a lot of billionaires and millionaires in the world right now, and most of them have their wealth because they used traditional ways of earning money and not cryptocurrencies.

It's understandable that investments with banks might not bring you a lot of profit, and unfortunate things like this can happen, but that doesn't make them completely useless. If a person can afford to do it, they should diversify their investment portfolio by investing in multiple streams so that they can have different outcomes from them.

Having some money invested in banks or traditional stocks and some in cryptocurrencies is a better option to go with. Banks and stocks will provide slow and steady profits over a long term while cryptocurrencies will provide higher profits in a shorter time frame.

Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc. We can easily learn about the benefits of crypto investment by reviewing the profit ratio of those who invested in Bitcoin for a long time and those who kept money in the bank at the same time. We must recognize that no investment is risk free.

Both are certainly risky. However, in order to lessen the risk, you can invest in both at an amount you can afford to lose. Just put a minimal amount in local banks, so that when hackers succeeded on their goal, you won't be losing too much. And when it comes to crypto investment, it will only get risky if you are not knowledgeable and prepared enough to take and overcome the risk. Being blind with your investment will add more risk into it. So you have to know your investment well, otherwise you will be at the losing end.

both have same disadvantages about security issues, but i think bank is less risky than in cryptocurrencies investment
because you know about your local bank is how much safer and you can pick the best bank in your country which is very strong in security but in cryptocurrency investment it’s quite difficult to safe money for newbies even for experienced peoples.

Do one need to only have or rely on only one source of investment? The answer is no! Economist will always advice people against having all their investment only in one place because of the risk involved. No one can tell what will happen tomorrow, if you invest all your money into bitcoin and you got attacked by hackers and lose all your asset, that's a misfortune that is usually unpredictable. Life itself is dynamic and we must always learn to diversify our investment and prepare for what ever that comes.

That will be up to them if they use the other investment type besides of crypto. We can not forces them to invest in crypto even if they know about crypto. That will be their decision to select where they will invest their money.

We can only show them that crypto can be a good place to save their money. It needs to have an open minds to accept crypto as their investment so it is better to give them time to understand. If they are not interest with crypto, that will be up to them.

They think that saving their money in stock, shares in their bank will be save. Their government can back up their money when something bad happen with their money and will return the money to them. Maybe they will start to open their minds when they see more people can make money by using the investment from crypto.

For how to secure money in these two things, it is indeed different because the level of risk is also very different, but you also have to realize that in this world there are also banks that go bankrupt and there are also banks that experience disasters such as fires and failures of their systems due to other natural disasters. So that every place always has its own level of risk and security and we just need to be aware of it so that we can choose the right one for ourselves.

In addition, local banks also have an excessive level of difficulty when we want to withdraw large amounts of funds which must have a fairly logical reason, while in crypto there is no specific reason for withdrawing funds in such a large amount and can be sent directly without having to queue at the bank teller when you want to send a large amount.

Crypto is about where you believe the damned world is going, not simply about money. We are discussing a completely new financial system here. Indeed, banks appear to be safer; governments support this and much else. But in this bizarre new world, can those old dinosaurs keep up? The idea of cryptocurrencies is different. It's about seizing control and bucking the herd. It's about your values as much as the money. It's about mustering the bravery to challenge the current quo.

Those who avoid cryptocurrencies are afraid of change as much as of risk. Following the throng, they are content in their small boxes. But you have to make decisions: are you going to lead or are you going to get left behind? The world moves quickly.

yes this great opportunity in cryptocurrency investment, no limit in transfer money, no one ask to reason about transfer large amount that's a big freedom undoubtedly.
i told bank bank is less risky than cryptocurrency it’s have another purposes because safety is first priority,
there are many people who lose everything after investing in crypto just because of they were not security conscious or lack of knowledge in security.

This is a very skewed and fucked up vision of how cryptocurrency works. You losing money cause you invested in shitcoins? that's just ridiculous. Let me tell you how shitcoins with no apparent purpose aren't as different as bitcoin fundamentally, it just so happened that bitcoin was arrived earlier than these coins.

I'd hate to digress but I hate the fact that you maximalists assume bitcoin is the only coin there is to buy and everything else is shitcoin, even more so ridiculing and taking pity on other people just cause they didn't invest in crypto, or that they experienced pretty sad and fucked up shit while investing in something else other than crypto. This also happens on the regular in this industry, I'd argue it happens even more than it does with banks and all that shit you talked about. It just became so common that everyone stopped talking about it. Hell, it even became a rite of passage of sort to be hacked or scammed here in our industry, so what does that make of crypto?

You have to be a certain kind of stupid to think that crypto's any better than known and trusted ways of investing and trading. Stop with this shit.

It will depend on what coins to invest and what banks to choose for saving your money.
If you choose the banks with good reputation, your money will be quite safe at banks. But most people do savings in banks, they don't invest in banks. In my country, if people want to invest their money in real assets, they will prefer to choose lands or Gold. Regarding investing in crypto, it will be riskier if you choose random coins, especially the new meme coins. There are a lot of new meme coins to last in a short time. The developers just expect to gain money from early investors. Although we choose fundamental coins, many of them have no progress after few months or years. We can say crypto investment is safe if we choose the most recommended coins such as Bitcoin and Ethereum.

Investing in crypto is not for all, you need good grasp on how this market works. This is why for ordinary people, they won't touch this market. For them, tangible assets are preferrable to invest as they can see it.
When it comes to saving - banks are known to have very small interest, so treat it as just for storage purposes and not because you want to earn good profits out of it. Unless, you will place your funds in time deposit or other profitable services offered by the bank.

Of course, ordinary people prefer physical assets. They don't understand digital assets, we can understand if they don't have an intention to join crypto investment. Even, the people who know digital assets, there are some of them still worried investing in crypto. They argue crypto won't last a long time and it is too risky assets. Well, there will be always reasons for people who ignore crypto. However, crypto always proves that their bad assumption isn't true. Crypto already survived more than 10 years and Bitcoin showed its great improvement as the main coin in crypto industry.

If we store money to banks, the purpose is for savings. Many people don't really care with the interest. If they want to invest their money, they mush choose another thing that have a potential to grow the price. Lands, gold, silver, property, and another thing that grows the values.

In the aspect of choice of investment, You're right though cause their are some people who still believe in physical investment than digital ones, but one thing I believe is that the world is evolving very fast and it's gone digital and as the latest trend everything including investment is now switching to that dimension, that's why Cryptocurrency (especialy Bitcoin) is currently the latest trend for investors.

 It's not like other assets are not worth it or are useless but I think that as things are evolving, joining the latest trends is a very good option, moreover Bitcoin has proved over time to be a safer and one of the best assets for investment, all an investor just need is to take their time and study it, understand the trend before jumping into it then they'll be good to go.

 Surviving more than 10 years is enough prove for investors to see it's potential for the future, well it's not for everyone especialy those who doesn't understand it.

but diversifying takes time and increase the risk getting entangled into problem though it's managed risk where even if we lost our money it won't affect our entire portfolio but sometime I find managing highly diversified portfolio to be so tiring that I settle with just crypto and saving money in banks nowadays, I don't even invest in stock anymore.

however the problem that got described by OP as long as the money is insured by the government since it's bank that falls under heavy regulation of the government, I think it won't be a big deal isn't it. since the government will do reimbursement if things goes wrong, but well each government usually have differing laws and regulation so it's not necessarily true.

regardless, crypto is undoubtedly a safe way to store wealth unless you keep in CEX where the single point of failure is similar to banks.

I think investing in Bitcoin also has risks. Bitcoin is a cryptocurrency and it is very volatile. Putting all your money in Bitcoin and waiting for it for a 5 year interval can only be done if the money you are using is cold hard cash and you can hold it for 5 years. But the problem is you can see someone who invested in Bitcoin around 2021 when Bitcoin hit a new ATH. Today, after 3 years have they made a profit? I don't think so because Bitcoin is still around $60k. The big profit was made when someone invested in Bitcoin in 2023 when Bitcoin price was around $20k. Now, after only 1 year has passed and they have made a profit of up to 200%.

I agree with you. For me we can put some of our wealth in the bank with deposits and take the interest as profit for our daily needs. We can invest in the stock market and hope for annual returns. And we can invest in cryptocurrencies as a long-term investment.

Some people who have lost everything through crypto investment also need to be investigated properly whether these people did it right or even made fatal mistakes that could result in them losing everything in crypto. Because after all, crypto technology is still much better than the technology used by banks, even though banks always try to protect the funds of their respective customers while using the funds in several sectors that can generate profits for the bank.

And if you have seen some people who have lost everything through crypto, you should also see that there are many people who have gained everything through crypto and also don't forget to investigate some people who were disappointed with the bank when they wanted to withdraw large amounts of funds for more logical reasons.

Not everything is so clear.

There is a whole list of coins called cryptocurrencies (just look at coinmarketcap), but I would be afraid to say out loud that investing in these coins is safer than in a local bank. It is necessary to clearly separate cryptocurrencies for investment from a wide list of shitcoins.

Also, for example, in my country, there is such an option when, up to a certain amount, the deposit is returned if the bank goes bankrupt or ceases to exist. I am 120% sure that there is nothing like this in any cryptocurrency, not even in bitcoin. Anything you lose in investing in cryptocurrencies, you lose forever.

You need to soberly weigh the risks and your capabilities. For one, it is profitable to invest in crypto, and for another - in banks. For example, how do you imagine investing a 70-year-old grandmother in cryptocurrencies, who doesn't even know how to use a mobile phone? Of course, she invests in banks out of old habit and this option will be good for her, because if she starts investing in shitcoins, she will lose everything.

Everyone has their own way of investing and cryptocurrency should not be imposed as the only and correct solution.

For me, both are not safe, anyone who plays on the internet definitely has risks, one of which is hackers, banks are prone to hackers, crypto is the same, whatever the name of the place where crypto assets are stored, for me the safest investment is gold, you have nothing to do with the internet and you don't need to worry about hacking.

Talking about buying shares and investing, for me there are two understandings for that.
1. Bank shares, if you do this the benefits are clear, it's just that you need to sign a contractual agreement and the bank is more trusted, because if there is a problem with the customer, it is clear where to complain and most banks are responsible for the customer's funds, whatever happens.
2. Crypto as most people know, in carrying out investment activities, users do not yet clearly know what other benefits there are if they choose the wrong type of crypto investment and if there is a problem, everything is resolved, there is no place for complaints, not the same as banks.

So, both places have risks, if you talk about economics/money, the choice is up to each individual.

There's no such thing about being safe on this world even no matter how small the risks is then it will really be that still consider as risks. When you are making use of banks then it cant really be denied that we have been long time be able to make use of these institutions when saving up our fiat money as savings. Although the risks of bankruptcy would really be there and this is why it will be having that sense that we shouldnt really be putting all of our money on banks and let those cash be circulating in other means and this is where business and investment would really be kicking in but of course taking up such step will really be needing up even more risks on which there's a potential that you do lose up money rather than on earning and if you cant be able to bare up the risks then better you should sit down and save up your money on banks.

Putting up your money on bank isnt consider investing because if we do tend to look at on that annual dividend then you are really just that only getting 1.5% per annum on which its
never been that good on any angle. If you are someone whose really that wanting to make those money to grow then you will be needing to add up some risks via those further actions
like making investment or business. Although this doesnt mean about guarantee but at least you are trying to make a move on which is significant and could potentially be able to reach up your goals.

a lot of people lost everything in crypto, mistake can happen even for long years experienced people, there are no person without mistake in crypto,
many things wrong in banking system and have problem with their rules like to withdraw large amount of funds, but you can not stop using bank.

When I speak of diversifying, I didn't mean to diversify on only cryptocurrency, there are  other asset like real estate, stock, gold, shares, bond, etc. If an individual doesn't want to save their money in the bank and they only want to invest into Bitcoin, they can still invest in only other real world asset.

You're damn right, safety's a myth. Still, banks serve just as middlemen. They are hardly the panacea of financial security. Sure, hiding money under your mattress is bad, but so is mindlessly depending on banks for your whole future. You want development? You have to run some risks. Invest in companies; investigate the marketplaces. The actual activity is in that regard. Not accept those pitiful rates of interest. You are able of much more. Learn, see how money works, and then make it work for you. Indeed, there is risk involved. However, guess what? That is life. Playing things safe and allowing your potential to fade represents the largest risk

This is the precipice function of fa banking system: transferring the duration of the liabilities and taking deposits (short-term liabilities) into long-term ones (mortgages).
So, they take some risk in this approach.
Of course, this is for a healthy commercial bank. Not that they are so currently, in this rigged system.

Both investments are different from each other if you invest in bank they gives you profit on the amount which is fixed on their bank and you don’t allow to use that money when you want that money before the completion of saving period they will charge fine on that amount and the profit is fixed in this scenario while when you are investing in crypto you have completely control on your capital amount but yes this investment is a bit risky but you can get higher profit than investing with banks.

In my village, most people still prefer physical investment. Only some people who wants to join digital investment. I think the main problem is about lack of knowledge about digital investment. Also, people choose physical investment because it is a popular choice here. As time goes by, probably there will more people join digital investments including crypto.

Every investment must be worth it. It can't be called by investment if they are useless or not worth. But there are relatively safe investment, high-risk investment, and too risk investment. Bitcoin can be classified as a quite safe investment if we consider the growth of its price. People who assume it is high risk because they invest in lack of knowledge and don't understand how to deal with the volatility.

Exactly. Bitcoin has survived more than 10 years and its value keep raising. It actually proves perfectly the potential of Bitcoin for the future.

This is obviously known situation and doesn't mean that we are wrong, we need to consider the fact that it is going to be something that everyone in the crypto world would agree on, it's such a simple mathematics.

We need to consider that it is going to be very easy to prefer bitcoin over anything else, both for investment and for making a return, it's just as clear as that.

Bitcoin has been around for only 15 years and in that 15 years it has already proven that it is much better than anything else out there. People keep on trying to find the problems in the crypto world but you can't make it look worse than any other asset or currency out there today.

This is why I honestly believe that the best thing to do is just keep on putting your money into bitcoin. Keep fiat for things you need to spend fiat on, but all the savings should go to bitcoin, it's far superior to anything else and will make you richer and it's so easy to use when you want to.

Their actually people who have lost everything to crypto but if you look at they must have made a very wrong move and which day  i saw were someone used 45k to send 75k i don't know how true that is but if it true that was a very wrong mistake hat person must have done spending that on gas fee banks are still back words and in term of technology and the issue will no be will the person make the mistake know to people because some of them might just want to be keep it low so that people won't say unpleasant words to him but how do you learn when people don't know about your failure and their is nothing wrong with failing it is normal to fail sometimes so that you can learn from how failure. Banks will use you money even for loans and they won't give you any profit for it that is just how banks are designed.

But the only case that i will say i know of losing everything to cryptocurrency was how the person was busy selling off is assets gradually untill everything was liquidated and he would have just be patient but know his always in need of money and he keeps selling and selling until nothing remains. Is good we know so that they won't make the same mistake again. Banks are different bitcoin might be a currency but more valuable as an asset.

Honestly, if someone should do everything properly in the crypto industry, especially by searching for knowledge before investing, it will be hard for someone to lose everything in crypto. So, the set of people who are complaining that they lost everything in crypto did so because of their carelessness. Some of these people don’t even bother to provide strong security for their wallets, and some of them lose everything in crypto because they are eager to make quick profits. In the end, they lose everything to scammers or invest in coins they shouldn’t have, just because they wanted big profits in the short term.

Seriously, if we consider the benefits crypto has provided, it’s clear that saving in crypto for long-term is better than saving in a bank account. Especially if we look deeply at the economy of different countries and how their currencies are losing value, everyone will prefer to save money in crypto for the long term.

I kind of think that you have lost the argument when you said people keep looking at the fault in crypto, I might agree with you for Bitcoin but you can't say for the rest. Over the past 12 years, Bitcoin has fell ill many times, I mean the bear market and has come back up several times which we are right now but how many other crypto, the alts can you confidently say they have follow the path of Bitcoin, majority of them that started the journey with Bitcoin are dead.

Honestly, I don't have anything against altcoins in general but they are far from being perfect, in fact they are the reason why Bitcoin has fell many times. The straw that broke the camel toe in the last bull run was due to FTX collapse, if not for that exchange and their token, we might be up there around $100k and above doing our thing, I mean Bitcoin and probably some altcoins with some vibes and current trends which after some time, do die down.

Bitcoin investment is on another level compared with traditional banks, bitcoin can be referred as an asset meanwhile banks just store and keep your money, although we still have to make use of fiat for daily activities that’s the reason people still store their money in the bank. It’s so obvious when it comes to security banks intend to act careless not just giving your money to a third party also the risk involved, we’ve heard so many news about banks and how they got scammed. This is enough reason for anyone to store their money wisely if possible choosing a good bank can help because we can’t keep everything in bitcoin, storing bitcoin is also stressful mostly when newbies start investing and finds it difficult in terms of privacy that’s the reason everyone is advised to store their details carefully.

I do agree that Bitcoin has potential to be the best investment in the future, which it has proved over these years as an investment and a store of value. Its decentralized nature, capped supply, and protection against inflation give it an ultimately strong alternative to fiat currency. Many have benefited massively from it, and with increased adoption, it keeps on increasing its presence within the financial system.

All the same, one should not forget that risking all in one asset-even as promising as is this one-carries risks. Bitcoin is still highly volatile, its market swings very unpredictable. The balancing of such risks should be made via diversification with other assets: equities, bonds, or real estate. That would be the case with the saying: "Don't put all your eggs in one basket." You probably would end up, in that case, with a more balanced situation that provides stability for you while taking advantage of the growth potential of Bitcoin.

If this is the explanation, it is very easy to understand. However, there is another difference, namely the level of service fees, if in crypto we are only charged taker and maker fees, if in a bank there are quite a lot of cost items that arise when the choice of investment type has been agreed upon with the bank.

It is the bank that enjoys the most benefits, where our money can be turned over by them several times, especially if our investment period exceeds 5 years, although there is a sense of comfort with them because of the existence of the Deposit Insurance Agency.

I think the cost of investing into bitcoin is far more than what we are seeing in fiat investments. Like I can invest int stocks without spending much, and I can invest into gold or other valuable stuff without much, or even foreign currencies or anything else basically. We should be considering that we can't make that much in crypto and it's a lot with transactions and we can't really consider this as something that is good.

We should be considering that it's going to end up with a terrible result for us if we keep keeping all of this that much expensive. We should just make sure that the yare totally different results and can't be really keeping it this way. Just focus on what we have to a better deal and we can do much better, maybe we can just consider dropping the transaction costs and that would be a lot better and we can do something good if the fee is a lot lower, that would be a lot better for everyone and can't be all that bad when that happens.

Mostly peoples are missing this point and started arguments which are surely not talkable we are now having some solid foundation for the Bitcoin which is not available for the altcoins because mostly are not able to have recovery like bitcoin with things are surely going at his best and bitcoin is having many survives despite many times we have announcements about his death and cemetery with no chance of recovery, but it's done.

Usually peoples never try to understand main objects and started compare which is never been ideal situation now investing in bitcoin is much better than local banks and also altcoins because we can handle all with this and things are also favourable to hold this because we can go for magic six figures even nothing is predictable, but this is possibility and can happen in near future.