Is Your Money Safer In Crypto than at the Bank?

[alberdina]

At the Bank, I thought it safer to store our money. But each month we have to pay the money in accordance with the provisions of the Bank. But for now, I better save money on crypto because our money can continue to grow in accordance with the market price.

[Ledy Alise]

It depends of your investment timing. If you are looking to keep your money for some years, then better to invest it top cryptocurrencies, but if you want it back after some months, then it's safer to keep it in bank, off course.

[Yipsdow34]

Compared to any type of investment, I think that the bank is the relatively safest place to keep your money. Although it will never grow and you will in fact lose money due to the ever decreasing buying power of money.


On the other hand, ICO investing is the most risky in all of crypto investing, but is the most rewarding imo. I plan to invest in projects like Menlo one and WePower as they have high potential as projects and could even be long term investments.

[ngovanbinh12]

we all know that the increase in prices if you are placing your money on banks is very low due to their own rule of scaling in the increase in their system.

[InflamesAndrei]

we all know that the increase in prices if you are placing your money on banks is very low due to their own rule of scaling in the increase in their system.

If you put the money in a regular commercial Bank, it is likely that you will not earn anything, and possibly lose everything to a penny. Cryptocurrency will always be much safer in this regard. Even if the token fell very much by making you -x2, then you at least have hope to return everything, just by waiting.

[Tanya_TKH]

now the bank is not a reliable place to store their money and bitcoin is also a mini-tool. But, if you look at the investment for 3-5 years (or even for 10 years), then it seems to me that the banks will simply disappear, and the crypt will be more reliable.

[galahads]

Crypto-currencies are protected from inflation more than national currencies, but hackers can either steal the crypto currency :/

[bloodmoongreen]

Banks work through individuals, people make mistakes and tolerate different impacts.

[fing ter]

Don't go beyond that limit. The problem is, inflation will beat the bank interest to the ground. On the other hand, if you want investment, then cryptocurrency is one of the place to put your money, one of high risk place to be exact.

[PalindromemordnilaP]

we all know that the increase in prices if you are placing your money on banks is very low due to their own rule of scaling in the increase in their system.

In short, banks is only good in keeping your money but not in giving you a good profit. Banks just keep your money secure but that doesn't even entirely mean that it's secure all the time since we know that a bank can be bankrupt at any point of time.

[solkemyu]

Cash in crypto, when the market is correct, is possibly more secure in that your potential profit are high yet it is instable and unreliable. Inaction is as yet an activity, when you don't contribute you are betting the same amount of as when you do. Be that as it may, keeping it in fiat is more secure in the feeling of solidness and security. We as a whole realize that the dollar wouldn't change in esteem that much.

[josecarlos2016]

Definitely not. Investing in cryptocurrencies is not about keeping money. This is a high-risk strategy with a potential excess return. But, keep money in the Bank, too, is not safe. First of all. banks are closed, and secondly, the profitability of Bank deposits does not cover inflation. Therefore, on a Bank Deposit you only lose your savings.

[Umbrella Holdings]

I always tell how much i believe the future of crypto. But when i look at the recent market growth, it just makes me feel upset. It’s going down and down.. so i’m not sure if your money safer in crypto than at a bank.

[xxxgr]

I think bank more safer than your wallets. I think big risk is here, your investment lost the value. You have to safe you private keys or bank login passwords.

[Impulseboy]

Right now, I think it is safer to keep money in the bank than crypto, but there is much more profit to gain when you decide to keep it in crypto because with time deposits or savings account and all that other things in traditional banking system, you gain so little unlike in crypto where it is more profitable. However, it is not unlikely that crypto will also be a safer option to keep your money in.

[nairb131]

Cryprocurrency and bank are two different platforms and they have different functions and mode of operation. In the bank, you save money and can collect it anytime you please, you even get little interest on it but in crypto, you do a very god research and invest in the coin because crypto is an investment where you can earn reasonable profit if you make good decision of coin or project to invest in and you are also patient with it. It take process but if you are patient and careful, you will make reasonable profit from it.

[freakslot]

I wouldn't say that! in the crypto, you can get a very high profit,respectively, the risk is greater. in Bank also has a risk, but it's a lot smaller than in crypto, and the percentage is certainly very small

[TCTDev]

Crypto currency is a big risk. Before investing in the crypto currency, you need to understand whether you are prepared for the fact that your investment portfolio may be greatly reduced.

[admtall]

I dont think that in cryptocurrency the money is safer than in the bank, but in the cryptocurrency you can earn much more than the bank deposit

[Freddy63]

I wouldn't say so. My wallet was hacked several times and i lost big amount for me, like monthly salary. In bank system I've never faced with such issues and anyway bank would compensate all losses