Bitcoin Forum

You hold nothing If this money not backed by something real or atleast with cash.
The BONDS treasuries not something for sure but they are more like coupons wich show's how good situation the goverment and other people are to keep value of money.
I told my own bank show me stablecoins, cash,or cryptocurrency or gold equlaint with money i have otherwise i own only numbers wich doesn't mean anything just the numbers on screen.

It's mature way to look finances i don't want to my wealth backed by bonds coupons it's speculative and we never know If they keep holding any value at all.


I stay my point: something i can hold in my hand or private wallet that's real wealth and the wealth i can count on.

You have no idea how the system works.
Make a business plan, get seed money, talk to your bank, get funding and you might make millionaire.
Banks are system columns, states are build upon it. 

You have so much to learn, but instead of learning you keep on coming here to spout nonsense. There is nothing mature about the way you look at finance if holding cash is your master plan. Cash is trash quite frankly and it is losing value over time so you need it in a saving account at a minimum or invested in assets that are productive, like shares in a company or an index fund. What are you going to do when there is a freak accident and your house burns down with your bundles of (imaginary) cash inside it? The banks have many redundant systems to keep track of the funds and the central governments of most countries now give a guarantee to back all funds up to a certain limit inside banks, in order to avoid bank runs which can be harmful - this has been effective for keeping relative stability for decades.

Money held in the bank can be used for a lot of useful things.
We are not going to demonize money and the banks because of bitcoin. There is evidence that money tied down in the bank loses its value over time, yet that doesn't mean the bank doesn't play an important role or that the money suddenly becomes useless when there is no inflation.

In times of inflation, recession, and other economic problems, holding money in the bank will be the worst financial move to make. The money depreciates in value, so will be the worth of the individual too. During this period, money should be converted into assets that are inflation-proof to preserve it. Bitcoin is one of those inflation-proof instruments. It is an hedge against inflation.

Why are you asking banks for stable coins and cryptos? they're not an institution that supports cryptocurrency. The majority of them just don't support it so, it's of odd to ask them with that kind of question.

I agree with you 100%.

Like the private keys or seeds that we own, we own our money in there. But as for the government or bank bonds, there's a proof to support your money in there.

It's a form of lending to them and the bond you receive is the guarantee that you'll be earning from it but that's lesser risk, and lesser profit.

it’s known that under centralized exchanges your money is not completely yours because someone else has access to it and therefore they can do anything to it and you won’t have a say to it
but there is never no inflation it will always exist that is why bitcoin plays a much crucial role if you want to hold money in

Holding money in the bank is the same as holding crypto funds in exchanges. Not your keys, not your coins. The risk of having your money seized is real, and since it's a move executed by the government in the case involving banks, you have nobody to resort to. It's a "legalized scam" and it has already happened in the country where I live in the 90's decade. Moreover, the bank never has the amount of money customers hold there. If everyone tried to cashout at once, the bank wouldn't have enough funds to pay everyone.

That is why it's important to adopt a strategy of diversification with your funds. Don't put all your eggs in the same basket.

Bonds are considered safe because they are backed by the government and pay regular interest. But in general bonds have quite low returns compared to other investments,  but thats the nature of investment low risk low returns A stablecoin does offer digital flexibility and stability but falls when the market is under stress. Physical assets make one feel secure, but bonds add stability and diversification to a portfolio. Maybe it would be more beneficial not to regard bonds as speculative but to consider them part of a balanced approach that takes hard asset security and combine that with diversified investments for a safe and secure long term investment. However if you want to widen your horizon about investment there is always place for Bitcoin and maybe a small piece of other cryptos, while it's not backed by real asset but the utility drive demands.

Holding money in bank you hold nothing is true, but because financial transactions are almost entirely through banks there is nothing that can be done but to continue using the bank. Holding crypto may provide profit if it is the right crypto but losing everything can also happen because crypto is full of surprises, so which is better? is to hold where you understand the risks so as to increase awareness so that what is targeted can be achieved.

you can always save up BTC and I think BTC is exactly for that.

bank like other mentioned is like an exchange, but one thing that you need to know is that you can withdraw your money anytime though if it's bigger number you'd need to send a notice first.

the thing is, people uses bank because it's simple, they put the responsibility of bank credibility to the law enforcement to judge, and customer only need protection from the law about being a customer and have legal ground about their rights. what they care is just they are putting money there and they can withdraw it anytime, no need to carry physical good or something to retain wealth. that's it.

sincerely, one problem with op is that, op has actually refused to learn but rather speaking off keys and at some point i was confused on the point of his post and from the look of things he actually has no points in what his saying.
most countries like mine are trying to go cashless and at some point, i think that's a good one for the local banking system because it makes the cases like stealing and money misplacement reduced and, I've been thinking from op's point of view on how convenient and safe it might be to house huge sum of money and to be be frank it's insane for one to just stock some huge sum of money in their house just because you don't want to get it in the bank.
there are several options to store money and since you're in the forum, i think you know that having them in bitcoin is cool and you can also get a hardware wallet just incase you also want to hold something in your hand.

in conclusion, i think op has some personal issues with his local bank and i perceive this as more of a personal issue thank just kicking against   local banks.

For you to make your plan work out in real life, you must involve money and for you to cash out the money to carry out your plan, may be you have been saying the money in the bank or wallet because those are the places you can save your currencies for future purpose. Saving your money in the bank, doesn't mean you are not hodling anything just that third party is involved because you cannot withdrawal the money from the bank without third party involve, but in crypto, there is no third party if you want to carry out any transaction within the country or outside the country, there is no third party which is the advantage that is attracting people to hodl crypto in their wallets than hodling fiat money in the bank.

If crypto is not legal tender in your country, do everything possible to save some money in the bank and save some money in crypto in case you what to buy goods from the country, you can use the money in the bank to buy whatever you want and allow the crypto in your wallet for long time before you can sell to increase your wealth.

Welcome to the modern banking. We also call that fractional reserve banking. Long story short they print more papers than the assets they really hold in their reserves. Too bad the same illness has infected crypto too. Most crypto exchanges do the same thing sadly. That’s why you can only protect yourself if you own your own private keys and secure them your own coins yourself. (A.k.a be your own bank)

However, leaving legacy banking completely is also not practical in a world we currently live in because bitcoin won’t buy you groceries. You still need cash and a credit card to make your daily purchases.

It doesn’t have to be one or another in the end. Just use both as long as it benefits you.

Perhaps you are the only one who think that way towards money, if you don't understand much about the usage of money you shouldn't just come out and say anything because everything you said sounds too exaggerating to me about your money not affording any cryptocurrency when you said you have money in the bank, however even if you have upto $1k or even lesser abit, still you can afford a lot of cryptocurrency if you want including Bitcoin. Actually in terms of keeping money in the banks is individual decision and you don't even no what someone is keeping it for or the business he had in mind, so actually you should try not to equate your money with gold before you can see it as anything.

That's common sense. If your money is in the bank, you indeed hold nothing. There's nothing controversial there. Your money is in somebody else's possession. When you need money, you have to go to the bank and ask them to give you back your money. What's controversial is that the bank can say no.

Secondly, if you want a guarantee that your bank numbers are backed by the exact equivalent amount of physical money, you'd be disappointed. They cannot provide you that guarantee. Unfortunately, they aren't doing anything illegal in that way. It's allowed by law.

Finally, the bills in your wallet and the coins in your purse aren't your property. Your government owns them.

As far as your Bitcoin is concerned, you don't actually hold them either, but you can have the exclusive access to it.

So here's the thing—do you actually know what you're holding? Does that cash, gold, or even the crypto in your "private wallet" really represent your wealth? You say you don't want "speculative" assets and that you want "real wealth." Alright then, what's your definition of "real" wealth? How do you even measure it?

It seems that you have really understood the real value of money so you are starting to have a little wiser opinion for yourself regarding saving money. Because the value of money can tend to decrease when there is inflation or when there is an increase in the price of goods that is beyond our own expectations. So when you start choosing gold or other crypto like stablecoin, at least it can save your money value for a long time. But you also have to choose the right choice when your choice is on stablecoin whose value is integrated with the USD currency value.

Real wealth is first something i can control hold and touch coins gold cash.
But the numbers on bank Screen.!
However those Banks who will put cryptocurrency or stablecoins on their balance sheets i start to trust other banks not to be taken seriously!

Let's not forget the reality of MONEY the currency it's to be exchanged against real assets like land and resources.
BANKERS DONT WANT ANYONE PAY BACK ,they want to give out Money just to get assets.
Because very educated people knows money If it's not backed with good ratio of crypto or gold it's worthless, forget about BONDS TREASURIES this is pure gamble.
I take my life on my Hands, it takes few cyber hacks banks and goverment treasuries department and all your wealth is gone!! I Dont like this game it's a gamble i trust only what value and quantity is exacly.


You can't trust If no proof! So Banks who can show they got CRYPTO OR GOLD SILVER only i trust them.

Most banks don't have crypto and showing someone their gold and silver reserves is very crucial. They're not going to show anybody what they have in their vault just for them to trust you. Unless you're someone huge like the ones that we have in world like Elon or some Arabian billionaires, they won't mind giving you their time and will convince you to trust them and put your money in them while giving you a free tour within their underground vaults.

But the numbers that appear on the screen that the bank gives you, you can use them to buy bitcoin, gold, real estate...whatever you want and whenever. The only issue you should be concerned with is how the bank can give you those numbers and that is a problem for all of us .

The banking system, fiat has been working for hundreds of years and the whole world recognizes them, don't try to fight them or say nonsense. Instead, spend your time accumulating knowledge and skills to increase your wealth . If you don't trust banks, fiat, governments , you just make a lot of money and exchange it for bitcoin ,  gold...whatever you think you can own .

Yes, that's right. Saving money in banks and stock exchanges is an action that should be avoided because it is not under our own control. So whatever happens to the assets, we can't do much, there are so many cases like this. Banks are the same, saving money in banks also has its own risks if at any time the bank goes bankrupt, we will also lose money.

So, saving in banks is only temporary, when you have a lot, buy land, rice fields, gold and bitcoin. Because money is not an asset that must be saved, money is a means of payment, a means of exchange, it is written on every sheet of paper money, understand its meaning. But in my opinion the best long-term investment is investment in the form of bitcoin and gold. Because in terms of economic value it is very valuable in the future and most importantly it is not eroded by inflation.

Banks are having their own policies and things are never been easy for going into their vault with as mentioned no Arabian Billionaire will have you into his vault because things like these are never been good for business and their lives so just living in reality is okay because if someone having no trust on banks and their system then now surely he needs to put his money in personal wallet with keeping seeds in secret is always good.

As changes are happening around us now doing business is surely much easier than having in past but now managing money is also not easy because trends are changing frequently, and we are having AI which is bringing revolutionary changes so jumping into business is surely having good impacts just because of this all keeping money doing business is much better.

If you are sick of using the bank, put all your savings in bitcoin and be in full control of your funds. However, nobody can do without a bank because we use their fiat currency for our daily expenses. Fiat currency where the government extort us from indirectly. Crypto and fiat works hand in hand. We cannot do without fiat because the government created it, but we can do without crypto.

Keeping money in the bank seems risky. If you keep money in the bank, you will see that if the bank ever goes bankrupt, no matter how much money I put in, the banks of our country will give me one lakh taka at the latest. One lakh taka will be given only when my money is very high. Keeping money in the bank is not convenient.

I have known about currency for a while now and understand that my idea of ​​keeping money in the bank has changed since that day. Keeping money in the bank means depositing my money with someone else; they spend my money as they can, and when I go to get that money later, they give it to me, but the bank does not keep my money in the bank for a few days, it invested it in other sectors and earned a lot. This is a bank policy; although we do not know anything about this after we put money in the bank, we do not go to see what is happening or not; we go to get the money later. Keeping money in the bank is not saving in any way, so I do not keep much money there. I always try to do something with money.

The biggest problem with the paper money (that we keep in banks) is inflation. Also since the money can be printed, it makes the rich and people with authority more rich and makes the poor more poorer. However bank do provide security to your wealth and your money is considered more safe in banks.

Bitcoin may provide hedge against inflation but governments hesitate to adopt it because they cannot control and cannot print as they have control over the bank money. That is the reason the banks increases interest rates to keep their system interested and running.

My perspective of banks is more of a money safe house where we hold and think of how to spend the funds. Realistically, keeping money in the bank solves urgent problems which is why it's called savings account. Though the interest rate is low, but the money, in there, saves customers in critical times. Because when you have access to your funds via mobile phones and internet banking it makes one to spend a lot.

But when it's in savings and can only be collected in the banking hall, you'd watch that some expenses will reduce. And there's no way your money won't be given out to you whenever it's of need to do so. The central bank also got all customers on guard even when a bank goes bankrupt there'll come through and leave nobody stranded.

You don't make a lot of sense, honestly. Even though traditional banking and financial institutions suck, and that is why we have Bitcoin and other cryptocurrencies, it doesn't mean what you say is correct or has any meaning. Having money in your bank account doesn't require anything for you to be able to spend it as long as it is not confiscated. What sucks is that you are always at risk of your funds getting confiscated and your account getting blocked for any reason they deem fit.

With cryptocurrencies, when you are holding your assets in a non-custodial wallet, you are free from such risks, which means that you don't have to worry about a third party blocking your access to your funds because there is no third party involved. You can hold, sell, or do whatever you want with your funds without anyone asking you any questions or stopping you from it. That's the beauty of Bitcoin and that is why it's liked this much.

I love how there are a lot of people in the crypto world that goes around saying "not your keys, not your coins" and try to make it sound like that's a clever thing, like if you do not hold your own coins and put them in exchanges, then you are not going to end up with owning your own coins, and exchanges would.

The same logic applies to banks, as far as I know every nation has a max, like USA has a max of 250k as far as I know, my nation doesn't even have that limit, would maybe like print that money if it's gone lol, causing hyperinflation like crazy. So that means, if a bank goes down, and I do not mean like 2008 down, I mean like literally bankruptcy, then we would end up with a situation that would cause them to lose all of our money, and yet trillions are in those banks.

If someone is into business and they're putting all of their money on it, I don't recommend it. There is a need to separate the money in your savings and your money from the business. You don't put all in on it but I understand if people are doing it and they're trying to put all that they have on it once they have tested it out and they think that there's a need for larger funding which is what they're doing. Businessmen that are already established are also wise, they don't put much money on the bank but they do ask the bank for money for a loan.

I agree, the bank system can’t add any value rather they claim to store your money using a third party. Everyone in general make use of the bank system either for different purpose commonly used for purchase else why store a huge amount in the bank and expect a value in return when we all know the nature of fiat, it certain a country currency might experience fall in value once in a while.

It is a certainty that by saving money in a bank, especially over a relatively long period of time, the value of the money will decrease in value, and that will definitely happen. It is necessary to consider all of that in addition to its value decreasing due to inflation that will occur and monthly fee deductions, of course, that will happen in the bank, because the longer it is, the less its value will exist.

I thought you were saying money kept in bank won't yield anything except if invested. Well for me I think money in the bank or in private wallet are still wealth, because they all have same value. The difference is that one is in centralised form and the other is in decentralised form. Anywhere you keep your money doesn't really matter. What matters is this. " Any money not invested will not yield anything". And it's not a smart financial decision, to keep money in cash irrespective of the place you choose to store it up. At this age it's not expected that we keep money in cash. Instead of keeping money in cash, invest it. But just know that if you don't invest your money, where you store it doesn't matter. Because none will add any value. Rather they will depreciate when inflation hits. And the depreciation will affect both. Be it stored in bank or in wallet.

Cryptocurrency is a very good asset to hold however not all crypto coin are save to invest your money into and no matter how you but it Banks are still very much important reasoning being that you need fiat for your day to day activities, without having fiat you can't survive because not all stores accept cryptocurrency as a means of exchange so buying some of your necessities won't be possible if you don't have fiat and the system that issue at this fiat are bank's so you can't say one should not but his or her money in bank, if you are investing in cryptocurrency and you have an emergency that requires money for example you had an accident and you were rushed into a hospital and then you are asked to pay for your treatment and you ask if they accept cryptocurrency and they say no, what will you do next? Bank and cryptocurrency works together if you want to invest into cryptocurrency you still need bank to do that, the only time one can say he or she can do without fiat is when the world has now adopted cryptocurrency as a means of payment and companies and parastatas are now paying there workers through cryptocurrency and every stores be it big or small are now accepting cryptocurrency.

Buying bonds from the government, keeping deposits in the bank are traditional assets, there is no good or bad about them. The interest they will give is small but the risks are small too. If you want your wealth to grow, then these should be in your portfolio but maybe not the lions share of it. You have to decide how much you want to allocate to low risk and how much to high risk assets.

That is where most people go wrong, they will think that low risk assets are poor and will not give them any importance. They are important to cushion the bad times on the high risk assets. Putting your money entirely on high risk assets increases your total risk and then you are in a soup.

It is all about balance.

We are totally dependent on Fiat money for our daily living like paying utility bills, school fees, buying stuff to eat and more. All this is not possible with Bitcoin. But this is also reality that money depreciates it's value with time since money has time value and dollar today is worth more then tomorrow. It's better to make habit of investment where small or lump sum money is invested in some sector like bitcoin, stocks or real estate for long duration. If you don't have massive capital to buy 1 Bitcoin then start investing in Bitcoin in DCA manner, this way with small money you can have a portfolio who value increases with time.

@OP, you want your money in the bank to be backed by gold or crypto before you can believe that you have money other than the number you see on the screen. Is that how bank operations in your state? If you want a real asset that you can feel and touch, then you can withdraw your money from your bank and load up the cash in your house so you can be seeing and touching the money anytime you want or you can also withdraw the money use it to purchase gold or crypto as you desire. Maybe with that, you can believe you own the asset.

One thing you need to know is that, if you have a bank account created in your name, what ever money you deposit into that account belongs to you, you have access to the money anytime you want as long as the bank is functional. The money in that account doesn't need to be backed by what you mentioned. If you need cash, the bank will give to you.

Correct @OP, that's why if every citizen withdraw at least 50% of their money at the same time, the banks will collapse because they don't have enough money to give. Hence they make pending withdrawal for citizen who withdraw a lot money.

However stablecoins aren't safe though, even you hold it in your own non custodial wallet, it can be frozen or reverted because most of stablecoins are centralized.

Bonds are backed by the entities that are issuing them. They used to be delivered physically in the older days but are mostly digital these days.
So I don't think it's a bad option as it can be considered for diversification of investments.
At least a smaller chunk of our investment should be in bonds I believe but crypto is definitely the top most priority for investment ofcourse.

Stop talking nonsense. So according to you what you call money must be tangible and anything short of that is not money right? Did you also know that cryptocurrency is just some bunch of codes that's displayed on your wallet as numbers?

You may not trust the bank, and it's fine to diversify your wealth in gold, landed properties, real estates, crypto but you still cannot do without fiat. Except, of course you want to go back to the primitive age and live in a cave.

I don't think it's wise to keep money in the bank, especially if it can be invested in something real instead of keeping it in the bank.  Instead of keeping money in the bank, it would be better if it could be invested in land, real estate, or Bitcoin. But money can be kept in the bank, it should be in the form of fixed deposit so that a certain profit is available at the end of the year.

Bank now feels more like viewing digital number than owning anything. Banks possess a promise, not money, and that promise depends on governments who generate currency whenever they want. Bonds? Government liabilities are passed off as assets. Strange that something so weak is a financial pillar.

The bigger issue is systemic trust. Most people trust the financial system , but new vulnerabilities are becoming more apparent. Central banks adjust interest rates without a safety net while inflation stealthily erodes wealth. Fiat currencies follow policy changes and political decisions. Therefore, in these days, holding for Bitcoin, gold, or crypto common sense. These assets are unmanipulated by the government, protecting against economic volatility.

Bitcoin is unique since it's decentralized. After you save it in a secret wallet, no one else can say anything. Gold is a good choice, but it's not moveable or liquidateable internationally. At this point, fiat feels like a game where the rules change mid-play - and the only way to stay ahead is to diversify into assets you can directly control.

A deposit in a commercial bank is a commitment from the commercial bank to you...

How confident are you in this commercial bank? How confident are you that this commercial bank will not go bankrupt? Do you have a backup plan if such bankruptcy occurs? Are you satisfied with the amount of interest accrued on the deposit? Does this interest compensate for the inflation rate?

Answering all these questions will help you decide whether you need to keep your money in a commercial bank or not.

I agree that real money is money that you can control yourself without relying on a third party. However, finance is more than bitcoin, gold bars and cash. using all the opportunities that the financial system provides you can achieve a high level of wealth. at the same time, you need to adequately assess the existing risks and effectively use the opportunities provided.

That's the question isn't it? How confident about the commercial bank are you? And how confident are you with Binance? If you are confident enough with binance, then it is not even a question, you can keep your bitcoins there, even though many people say you shouldn't keep your money at banks. Whereas, when you think about it, too many people keep their money in those commercial banks, in tune of trillions of dollars. Banks are literally the worst thing that ever happened to the world, without banks, we could definitely figure out a way to live.

In fact, we could just have "vaults" type of companies, companies where you just put your money in, and pay them to keep it safe, that's it, nothing more, so you do not have to carry billions with you if you are rich, you still have your debit card, just not like a bank, no credit lines, no loans, and nothing more, just a place where people who have money put it in, that's it, nothing more. I hate banks, and will keep on hating them, because they never gave me a reason not to hate them.

I have a great deal of mistrust towards commercial banks. After all, they are very aggressive in promoting credit services and voluntary pension insurance services.

In addition, in my country it is impossible to prohibit obtaining a loan from commercial banks (by submitting a corresponding application in writing). And this gives a potential opportunity for fraudsters to obtain loans on behalf of honest citizens (without their consent). I hate loans.

However, commercial banks are also sometimes useful. Currently, interest rates on deposits in my country are very high (about 24 percent per annum). This makes deposits in commercial banks a good investment.

In addition, every resident of the country must have an official legal income (and not just income denominated in cryptocurrencies). Interest on deposits is just such income - after all, taxes are officially paid on them.

You can withdraw money from a deposit and buy yourself an apartment. This will not work with cryptocurrency, since it is not officially legalized.

Yes, that is the right choice to always pay attention to rather than saving money in the bank, it would be better to think in that direction, by using the money for things that can increase the value of the money in the future, by investing it becomes a good opportunity, because if the money is saved in the bank, every month there will definitely be a monthly fee deduction.

Reading the previous answers, holding money in a bank is more or less risky or wise depending on the country where you live, but I agree with the sentence "you hold nothing".

Of course, holding your money at home and not in a bank is risky too, just the same as having the custody of your coins because you hold your private keys there: if you get robbed, there is a fire, or a flood, you're f***ed. But if you hold the money in the bank, you don't really hold it anymore, but a right to withdraw, which may decay in certain circumstances (identity theft, liquidity problems in the financial institution, punctual politics and laws...).

I think that banks have existed for centuries because their business model made sense. And it still does. But for how long, or how much, is now at stake.

On the moment that you have decided on storing up your money then it will really be that recommended that you do really know on where you would really be that storing up your funds. When it comes to annual interest then this is something that not really interesting at all not unless if you do have that big amount then having that annual interest will be significant or even trying out to have that time deposit then it will really be that interesting but of course we do really know on which one will really be that worth on making use of these money on which it will be better that you do really tend to make to make out some via investment or having a business on which it will really be that best that you do really know at least on what are the risks involved. There are some individuals who cant really just that be able to bare up with the risks and there are ones who are really that risks takers and thats why they do consider out on making such decision. Holding fiat on banks will be only that better if you do only allocate which is really that only be allocated for medicines and emergency funds and the rest should be invested into something, but everything will really be that depending on you because its your money then you do have the full rights on what are the things that you should gonna do with it. If you do have to have at least that progress into your life then its not bad to have such approach when it comes into this manner.

Money that can be used as capital for business or investment would certainly be better not to be saved in any bank, because in seeking profits that can increase the amount of money to be even more is by turning the money into things that can bring in more than just saving it in the bank. I also agree with the opinion you said because at this time not many people have capital for business and investment matters so for those who have capital it would certainly be better to use it for those things.

What business can now bring 24 percent annual profit? Currently, in my country, having a deposit in a commercial bank is very profitable.

You simply put money on deposit, do nothing, and in a year you get back not only the deposit amount itself, but also a quarter of this amount of money as profit. This is a very profitable investment.

Another thing is that such a state of affairs signals a catastrophic situation in the economy. And it is quite possible that in the future, the funds from the deposit will be frozen or forcibly converted into bonds or shares of a commercial bank.

This possibility also potentially exists. And these risks must be taken into account.

There are different ways to invest money that is in your hand like your can invest in real estate, stock or any other business. One thing we have to keep in mind is that every business need prior knowledge for success. I won't get orofit if I invest money in real estate without proper knowledge and working rather I will end up losing money. While money sitting in banks depreciates in value, investing in business is also not risk free. I am not saying that not to invest in business but do proper working before going for any business.   

We agree that saving money in a bank will not get any profit, will only receive a decrease in the value of the currency that we have or you call it depreciated by inflation that continues to grow every year, that is true, but what needs to be questioned in advance to the owner of the money We will be able to say it is, whether the money wants to increase or what to be able to answer the question, and when they want to say their money is increasing, investment or opening a business is a path that is highly recommended to get more money than be stored, both have risks with different levels , many types of investments and businesses that can be an option to add value to money or the amount of money in the future, the size of the risk and the size of your knowledge is converted to what fields you will enter.

Financial institutions and the monetary system in any country are the real tool of power because they enable control over the entire population by monitoring all financial activities of all citizens. Banks ultimately provide the service to save your money in return for returns, but the ruling authority is the one who imposes the use of that service. In almost all countries of the world, there are laws that prohibit carrying cash of a certain value. In my country, it is legally forbidden for any citizen to have more than $5,000 in his hands, while all cash gains must be deposited in a bank account. Banks benefit from this system, which has contributed to the development of many other sectors within the financial economy.

We can compare that holding money in the bank is the same as holding our assets in exchanges. They have the full custody of what we have and when we're about to withdraw huge amount of our own money, they will start to question and give us a hard time of getting it.

And your point of saying that what we hold is ours, that's true. Not only private keys that all matters but also land titles, certificate of ownership of luxury jewelries and watches and even art works.

The reality is that the money you supposedly have at your local bank are just numbers and nothing else, since your bank could always refuse to give that money that belongs to you using any legal excuse, something I have seen happening before to other people, so I only keep the minimal amount there to pay for my bills and everything else is withdrawn as soon as it arrives and I keep it in the form of cash or I invest it in this market.

Of course, both are held by other parties, but with different conditions. There is a difference between the provisions for storing money in a bank and storing crypto on an exchange, in fact banks can be said to be safer even though they are more complicated than exchanges. I can withdraw 81.3 btc or $8m from centralized exchanges every day to my wallet, while I really struggle to withdraw $63k from the bank in cash. Those are just two stark comparisons, so I thought there must be lots of other differences.

For me, banks are safer than exchanges because banks are fully regulated by the government with strict controls. I know both have risks, but for me they both have their own advantages and disadvantages which we can adapt to our respective needs.

Investing what we have is one of the ways we can make money for ourselves without depending on the limited amount that we have. Creating wealth is all about keeping an eye on different ways of making more money. We don't have to limit ourselves on what we are earning for now. We can as well make plans for ourselves and investing in other financial aspects just like cryptocurrency so we can earn more. The idea that we might not earn enough if we don't invest in cryptocurrency is wrong. Not everyone is interested in that, which does not make people that are not in Crypto prone to getting weaker and loose when it comes to financial prosperity.

That's the advantage of being in the banks, I think that there are also some insurance for specific deposits that are in the banks.

Whilst for the deposits in the crypto exchanges, they also have the same thing as "SAFU" but that's not a guaranteed and can be just word of mouth.

And how I wish that example of withdrawing bunch of Bitcoins everyday can be experienced by me, LOL. But it's true, it can easily go through and allowed by the exchanges and won't easily happen in the banks even if you have sent them several times of KYC.

Real wealth can be health or when you love yourself... I'm switching to poets soon.

I don't like banks either, they are one of the main pillars of this corrupt system. Unfortunately, we all use them and hardly anything can be done without banks... especially if we are talking about some big and serious business.

Anyway, it's good to have a private crypto wallet & some gold in your hands, but it's also good & perfectly fine to have some money in the bank. You can add more to that, the more eggs you have the safer you will be... just in case. Remember the old one, never hold all your eggs in one basket.

I couldn't agree with this statement because if you keep money in the bank that money can be used for various purposes but if you invest in crypto instead of keeping money in the bank then at some point if the market crosses then you need't to sell your crypto to meet the need. So keep money in the bank and at the same time you can invest some of your money in crypto.  When you have a critical need, you can meet your needs from the money stored in your bank without having to sell crypto investments.