Banks Won't Make You Rich

[sulendra12]

according to my vision if anyone who tries hard to ban the bitcoin I think is a person who does not want you to become rich,

Really? They don't ban Bitcoin for such silly reasons and also it doesn't make sense to government. They want to protect their costumers and their peoples so they won't suffer with Bitcoin volatile instead of blocking you to earn money. They don't think like what you said.

and I see the bank also seems to ban the circulation of bitcoin because they are very scared if they lose some of their customers.

Bank have made lots of money lol, what the hell they even trying to ban Bitcoin.

[Financial Freedom 4U]

Banks cannot even make themselves rich anymore and are about to fail one by one in the not so distant future.

Deutsche Bank, the biggest Investment Bank worldwide is struggling to make yields and fired 300 US based investment bankers.
Meanwhile Binance shared their recent profits and guess what, Binance is making more profits than Deutsche Bank.

Think about how long Deutsche Bank is in Business and how many thousands of employees they have.
And then they get overtaken by a small exchange that only does Crypto and is around since about 1 year.

Wake up, the endgame has already begun.

[hashshashin]

I also believe that banks act only in their own interests and not in the interests of customers, and they use your money when you put them there. If we take bitcoin, then it's a decentralized system, in which everything is transparent and understandable.

[Crypto24hrs]

If you say banks can make me rich the big question now is how rich are bank staff? last time i check my sister who works in a bank is been paid #70,000 fore a whole month and is still leaving in a rented apartment is that what you call rich.the bank owners can only enrich themselves.

[talenah kotang]

Of course the bank will not make us become rich, because the function of the bank just to save our money. Banks can also be a land for investment although fortunately not how big.

[Colt81]

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.   Banks are just for keep your money safe! 

Your opinion and conclusion about banks are just uniquely right just to brighten up the minds of those people who thinks that they can have a better life in banks for the reason that they think that banks can make them rich. That was a mere misconception because banks do not certainly do such thing as making its customers and investors to be rich because in the end of the day, banks are really just mindful of expanding their capacities on business world since they are partially using your money for business purposes that is why there is an increase interest rate that have been put up into your initial money that you have put into it. Are you mindful that with that small interest, you can be rich? Then its a no because it is somehow to be considered as a payback for your help given into them to maximize their business capabilities and they are focusing into giving you services not to make you rich.

[theblack_cat]

Yes,you are right.
banks will not make rich but banks can make our money safe.
but now a lot of crime in the bank either from the theft of the balance in the account or ATM withdrawal.
after we complain the bank is not responsible for it.
very unfortunate.
if I have a lot of money maybe I will not be saving in the bank with a big nominal, I better invest in bitcoin a clear advantage.

[parlament9]

In the beginning it is necessary to understand how much money do you have.
Of course if you have 100$ there is no sense to keep money in bank AT THE SAME TIME THOUGH TO EARN, (only if you don't want to spend them on not the necessary pieces).
But if you have a lot of money (in several thousands of times above the average salary about the country), in my country average interest rate on a contribution 7-8% (in central bank), but if it is private bank, then it is possible to put money for 2 years under 12 percent.
Of course it is possible to find where to invest (the same cryptocurrency, but here it is necessary though a little to understand) with higher passive earnings, but without applying any special efforts, 12% of 100000$ a year - very good sum (in average 12000$ in year), in my opinion,
and in 2 years there will be such also no terrifying inflation.
Banks suit those at whom, who have a lot of money, but not to average income.
 

[BitProNews]

The question should be adjusted for a fundamental question: Should saving money in backs make you rich??
Three major points came into my mind when asking this question:
- Saving is a great practice and should be encouraged, but you have to first understand that by only saving, you are losing battle after battle, and becoming poorer in the process.
- Ordinary people chase trends and spend thousands of dollars if not more, to be “cool”. Wealthy people invest through properties, commodities, or the stock exchange.
- You have to look at money for what it truly is; a medium of exchange. Real wealth is not having as much money as possible. Real wealth building is having as many assets as possible. Your aim should be to acquire assets, to invest, and to increase your overall cash flow.

[gharjas2517]

I think the best function of the bank now is to provide you with a place to keep cash, we have to understand that the banking industry is also a service industry, they are to gain profit. Banks usually pay you very little interest, and then lend the money you put in the bank to someone else for a very high interest rate.

[7Dyoknga5]

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.   Banks are just for keep your money safe! 

You can actually earn with what they call time deposit. But it takes too much time and need big amount of money.

Banks can also make authentication process before approving transactions which makes it more secure.

Bank could lend you money for you to invest in business that you could maybe consider as a help. But still with this process they require collaterals before approving your loan.

So i guess banks doesn't really make you rich  

[BitcoinNational]

Today, you're not going to the bank to become rich, you're just go to the bank because it can keep your money safe. To a certain extent, it can be wrong, we see thing happens in some countries. But still, to me I don't see plenty of options if you want to keep money. I wouldn't never invest everything I have in crypto. Too dangerous and risky

[krogothmanhattan]

How can a Bank make you rich when they are paying  less than 1% interest on your saving or checking account.

Especially after 2008, after the collapse all banks are giving a pittance of interest rates so they can make a killing by loaning out your money at 4% and higher.

Here in the USA they were even allowed to borrow FREE money from the Federal reserve with 0 percent interest rate.

And guess who ends suffering for this? We do. Not only are you losing money by not making enough in interest but your monies purchasing power erodes slowly as inflationary numbers far exceed your interest gains.

Then to add insult to injury here in the USA we have to pay taxes on the interest too! 

[Dikpora77]

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.   Banks are just for keep your money safe! 

we can use their services to save our money temporarily without worrying, what happens to us when we carry cash in every place with large amounts, the bank makes it simple and easy for us, if you worry about the decline in value of money in a long time, so do not do it. You can use your money for investment or business so you will earn more money than you have to keep it in the bank.

[netil]

The very idea of the banking system assumes that only bankers remain in the winnings. The system is about the same as in a casino. Only the banking system is less humane and the chance to win even lower.

[casternetwork]

This is my opinion.Banks won't make you rich.saving in bank can never do that,because of interest rate that bank gives you is too tiny.You saving will be simply be eaten up by the sleepy monster called inflation. As a example I will take ,When I'm in grade school,each day I received 10Rs (my country currency) from my mother.It was enough to by me 2 meals,but in now 10Rs enough to buy 2 candies.   Banks are just for keep your money safe! 

The bank is only for people who do not dare invest money to make more money. The bank is only for people who want to save money

[Visteryy]

Banks won’t make you rich because they become richer thanks to you. They are not charities. When they give you a loan, they make money from the interest, and when they give you interest for leaving your money there, they also make money because they get a higher interest managing that money.

That's how the banks operate. So the new government uses the bank instead of using Bitcoin. so that they can make a profit from the lenders and borrowers. The bank will not lose any money and they still make big money

[isetter]

For me, when in a short time, I have no need to use the money, I will send the bank. I know that banks do not make much profit. But I think the money to be in the bank will be safer than in the Bitcoin wallet

[minnerETN]

For me, when in a short time, I have no need to use the money, I will send the bank. I know that banks do not make much profit. But I think the money to be in the bank will be safer than in the Bitcoin wallet

You agree that the bank is a safe place to send money. We will never have to worry about hackers stealing our money. Although deposits little earn profit. But I just need my money be safe

[hoanghoatham04]

Savings are not my hobby. Most of the time I will use my money to invest in stocks, but since I know Bitcoin I have gradually moved to invest in Crypto. Banks can not make people become wealthy