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Author Topic: Is Your Money Safer In Crypto than at the Bank?  (Read 9750 times)
Arcoin1
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August 27, 2018, 02:10:33 PM
 #1561

The encryption of crypto money is protected by everyone in this market. An ordinary bank provides protection with 250 bits, while Blockchain protects with 400 bits. When we compare these two situations, it is seen how reliable krypton is.
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Dpat
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August 27, 2018, 02:13:02 PM
 #1562

No, this is very untrue that converting all your money to crypto and keep it by thinking of it is safe is a foolishness. So, guys never put your money in crypto for the prolonged period of time. Only invest for few months or till the profit come then exit from that coin.
Uhde
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August 27, 2018, 04:21:37 PM
 #1563

well it depends on where you live. if you live in a strong country in europe or russia etc, they mostly guarantee your belongings in the bank. crypto is a bit less safe because noone can provide 100% secured and safe hardware+software.
jpnl0004
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August 27, 2018, 04:59:19 PM
 #1564

It all depends on what you want to do with your money you want to keep it safe thats the function of the bank with low reward and low risk involved if  you want to invest and make more profits the you have cryptocurrency its all about choice
Ahmodinho
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August 27, 2018, 05:06:35 PM
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 #1565

I think your question is a personal thing. It also depends on the type of coins you wish you hold. With Fiat your money Is fixed with crypto your money is either increasing or decreasing in value due to the matket
Silverstar
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August 27, 2018, 05:26:59 PM
 #1566

I think it's safer cash  Grin The crypt0 can make you rich, but it can  break you .. it's just like playing roulette. it all depends on your financial situation.. if you can afford to invest - the crypt is not a bad decision..

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btcdarkfanboi
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August 27, 2018, 05:31:21 PM
 #1567

Bank are more safer to place your money but Crypto has higher potential to double or more your but it can make you lose it all too
keykey1
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August 29, 2018, 06:03:04 PM
 #1568

I agree with you. Therefore to minimize losses I keep part of the money in the bank and invest part of the money into the crypto currency.   
Orangeko
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August 29, 2018, 06:58:36 PM
 #1569

I think it's still safe to keep your money in the Bank. But in the Bank, your investments will not be increased ,as you would be able to increase them in Crypto. It is already possible to think .
sistemerror
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August 29, 2018, 07:03:26 PM
 #1570

If it is replaced with a crypto currency, it is difficult to be stable in value.
But cryptocurrencies also have a good place to earn more profit. It can Let us become rich, but also may lose a lot of assets.
Dulhara githmanthi
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August 29, 2018, 07:08:04 PM
 #1571

I believe that putting money in a bank is safer than investing in cryptocurrencies. If your money is stored in the bank, you can get help in the country where that the bank is situated. Now cryptocurrency is a people's investment. A lot of people going to invest in cryptocurrencies. The investment risk is too high, but I decided to invest in cryptocurrencies. Because money is mine, there is no any reason to fear. Because the crypto market will not close. There are little drops and rises every time. But it surely gets recover.
anudixit0003
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August 29, 2018, 07:09:59 PM
 #1572

Cryptos are just an investment and just like any other investments, it is not an exact science, there is no guarantee that you will make money from it, so you should be ready for that risk Smiley
admtall
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August 29, 2018, 07:13:19 PM
 #1573

In the bank money is much more safer, but in the bank money can not make a profit as in cryptocurrencies. Any profit implies a risk therefore it is necessary to decide whether to take risks
BitPACK
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August 29, 2018, 07:24:09 PM
 #1574

i think banks are safer for now , bitcoin brings in more profit as they increase in value because they are like assets but the safest way is you can allocate some amount into crypto and some into fiat, to minimize risks..
DabsPoorVersion
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August 29, 2018, 07:53:20 PM
 #1575

for me, there is no safe place for money, as long as there is someone who intends to take other people's money, even if your money is in the bank or in crypto, there is no safe place.

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Ahmodinho
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August 30, 2018, 05:51:42 AM
 #1576

for me, there is no safe place for money, as long as there is someone who intends to take other people's money, even if your money is in the bank or in crypto, there is no safe place.
Yes you are right mate. But being in the bank gives the money stability unlike crypto that is very volatile.
xuege0653
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August 30, 2018, 05:55:32 AM
 #1577

I think that our money in the bank will definitely be safer than in the cryptocurrency world, but people will still be willing to invest in cryptocurrencies because cryptocurrencies can bring people more profit.
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August 30, 2018, 05:56:43 AM
 #1578

digital currency aka cryptocurrency is increasingly prevalent throughout the world. This is because the cryptocurrency profit potential is high, although at the same time the risks faced by investors are also high.
The high profit potential of cryptocurrency investment is supported by price increases that are beyond common sense
MV7
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August 30, 2018, 05:58:56 AM
 #1579

If you keep your crypto in a hardware wallet, I do think it's safer than keeping money in a bank.

Keeping crypto in an exchange though is probably worse in terms of safety

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Laily alie
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August 30, 2018, 06:08:00 AM
 #1580

I don't think it would be more secure than a bank because there have been a lot of thefts happening recently, but I believe that my wallet is safe because my private keys are refrigerated and hackers will not steal them
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