Investing on Cryptocurrency is safer than saving or investing with local banks

[stomachgrowls]

Investing on Cryptocurrency is safer than saving or investing with local banks

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.

[Tigerheart3026]

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.

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.

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.

[Dr.Bitcoin_Strange]

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.

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.

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.

[slapper]

~snip~

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.

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

[fillippone]

. 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.

[CoinFoxs]

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.

[kawetsriyanto]

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.

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.

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.

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.

Surviving more than 10 years is enough prove for investors to see it's potential for the future

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

[wozzek23]

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.

[RockBell]

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.

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.

[SOKO-DEKE]

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.

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.

[Huppercase]

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.

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.

[Miles2006]

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.

[icalical]

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.

[martinex]

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.

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.

[jaberwock]

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.

[doomloop]

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.

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.