Saving asset in bitcoin is much more better than saving in banks

[Newlifebtc]

I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets  in banks rather I keep it in bitcoin which later turns out to be an investment for me.

Both are still important but of a truth bitcoin give more profit than the bank will ever give,reason be that if you can be able to buy bitcoin when Tue price is down and save up for it to rise,you will see an impressive profit you have made,but proper timing always matter around it

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[Issa56]

From the little experience am having I believe buying bitcoin is better than saving your money in bad, if you invest In bank they use your money for business and other things like that and later give you just little percentage and you will still be happy but if you invest in bitcoin and hold bitcoin for some years you will definitely be rich because your profit will be very hug and massive compare to if you save your money in bank. I believe banks are really cheating us seriously by giving us just little percentage and taking the remaining percentage. As for me I will prefer buying bitcoin than saving my money in bank.

[ILuckyGuyI]

I don't advise you to invest all of your savings into Bitcoin. But it's true that you can make a much better profit compared to banks in time. HODLing is a very valuable and wise thing to do when it comes to Bitcoin. Besides, keeping your investment in a personal wallet is also a safer option than exchanges I think.

[Fredomago]

I don't advise you to invest all of your savings into Bitcoin. But it's true that you can make a much better profit compared to banks in time. HODLing is a very valuable and wise thing to do when it comes to Bitcoin. Besides, keeping your investment in a personal wallet is also a safer option than exchanges I think.

We can base things from the past, what happened way back are still possible in repeating itself, with wide adoptions to happened in the following years,

expect that Bitcoin value will continue to rise high, early holders managed to earned a lot from this market, it's still open to everyone who are willing to take the risk and invest with their money.

Spare the amount that you can forget for another 3-5 years, you'll see how many times it will multiply after.

[doomloop]

I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin

Luckily you planned up last October because if you have bought bitcoins by the times of January 2018 or December 2017 then you might have faced losses for some years but now the prices are higher than January 2018 or December 2017 still you made bitcoin investments at just perfect time. I like to suggest you to keep holding for at least next 5 years so that you may definitely enjoy 10x to 25x profits for your investments.

Even investing all money into only one asset is not recommended, with bitcoin investments we can do that as it is having definite future hence we may risk with all our savings.

[Mila52]

If you look at your case, you choose bitcoin as a form of asset investment based only on the profits earned every month.
My question is, do you still choose bitcoin as a place to store assets if the profit that bitcoin gives is the same as that given by the bank?
For me, I still choose the bank as the main asset depository.

You are all talking about the high volatility of Bitcoin, but 10 years ago its price was worth $ 1. You believe in the stability of the banking system. But there was a time when banks went bankrupt. Also now there are unstable countries with falling economies, where inflation eats up all savings in national currency. For example, in Ukraine, the government closed more than 100 private banks and clients were lost their deposits. So what is the difference between the risks of investing to bank's deposit or investing in BTC?

[arapgeceleri]

When banks and bitcoin are compared, banks are far below this competition. bitcoin has left banks far behind in this regard. The small interest you put in the bank and receive at the end of the month cannot be compared to the thousands of dollars you would have earned in bitcoin over the same time period. And while the bank stipulates you not to use that money, you do not have such an obligation in bitcoin. A very good choice as an investment tool.

[sapnu]

I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets  in banks rather I keep it in bitcoin which later turns out to be an investment for me.

Both has different features why people are choosing to invest on such. For bitcoin, the volatility is much higher as well as the possibility that your money will continually grow in it. For banks, your money is growing but it is too stable that's why the progress of your money growing is much slower compared to bitcoin. Investing in bitcoin comes a great risk since there is a chance of dumping wherein the money you put inside it might go down together with bitcoin's value while in banks, there are less risk but less benefits also. You are free to choose wherever you feel comfortable just make sure you are responsible and wise with your decisions.

[concept2]

I always find holding bitcoin is better than savings in the banks.

You have to understand that the interests provided by the banks are slightly equal to the inflation rate which means, you do not earn anything. Some countries even offer a negative interest. For example:
- Switzerland: -0.3%
- Japan: -0.1%

You know what to choose by now  

[jinxing]

I just got to find out the importance of saving asset in bitcoin. As of last year October I just decided to split my savings into two and used half of it to buy bitcoin then took half to bank and deposited as fixed deposit which means I won't be taking the money for a period of time and bank will in return be giving me little percentage which I will take as profit, recently I tried comparing the profit I get from both bank and bitcoin, I found out the profit I got from bank is way low compared to what I got from bitcoin, then I decided to stop keeping my assets  in banks rather I keep it in bitcoin which later turns out to be an investment for me.

If you compare the benefits that will be obtained from banks and bitcoin, it is clear that investing in bitcoin can provide multiple benefits, but investing in a bank does not have a high risk, our money will not be lost or reduced even though it can be taken at will according to our needs.

[Kez1817]

For investing, of course bitcoin is better than savings in a bank because in bitcoin you have a chance to earn huge profit while in bank you can accumulate  only small profit from small interest per annum. But, you still need a bank because putting all your funds in bitcoin is not a good idea because bitcoin is volatile. You can deposit your profit from bitcoin in a bank as your savings.

[ice098]

We can base things from the past, what happened way back are still possible in repeating itself, with wide adoptions to happened in the following years,

expect that Bitcoin value will continue to rise high, early holders managed to earned a lot from this market, it's still open to everyone who are willing to take the risk and invest with their money.

Spare the amount that you can forget for another 3-5 years, you'll see how many times it will multiply after.

Exactly our past experience here in cryptocurrency should also be taking noted, well in my own personal experience I had lost a chance to earn a good profit way back 2 years ago because of the sudden price drop of crypto tokens and much worst a half of my bitcoin was lost because I just forget to exchange it into fiat.
Well maybe investing in bitcoin could give us a good return of investment in just a short period of time compare on investing it or putting in a bank but should take note that we shouldn't have to put all in one basket.

[famososMuertos]

There is not a single question, because then in the Op you add that you are going to take the other half that you have in the bank and take it to bitcoin; so investment and security, two questions in one.

bitcoin is safe just take the precautions, inform yourself well and proceed to Hodl bitcoin.

As for taking all your money out of savings and passing it to bitcoin, just be informed, be clear how long you can Hodl bitcoin, to survive the periods in which bitcoin due to its volatility will also fall in price, always feasible that it even reaches historical  at the low (ATL), the long term works well.

  

[Spack17]

Interest rates in banks are really low generally. Hence, we can't even compare it to an investment which is into Bitcoin. HODLing is the best thing I've ever known. Because you make lots of profit after being patient for a time which will be needed to achieve your goal.

[nhaila]

Cryptocurrencies always unstable and unconditional in nature but banking is the safest place where one can easily store his assets . But recently in halving market cryptocurrencies investment is very profitable than banking system.

[nhaila]

Interest rates in banks are really low generally. Hence, we can't even compare it to an investment which is into Bitcoin. HODLing is the best thing I've ever known. Because you make lots of profit after being patient for a time which will be needed to achieve your goal.

Yes mate you are absolutely right because interest rate of banking system is very important but in cryptocurrencies most of the projects allow APY instaking and gives profits more than banks . Os people are preferring to themselves in cryptocurrencies investment.

[veznata]

not a simple answer to this question.
banks have negative interest as money are eaten by inflation. however they are legalized and you can invest or spend the way you want it.
bitcoin on the other hand is the best by far investment we all know and it very likely to be this way for few more years (maybe 10 who knows) as value keeps rising. that's the positive side. the cons are existing also:
1) bitcoin can be lost at any moment if you are not careful
2) many countries are still not crypto friendly and there are obstacles when you decide to legalize or pay taxes for it
3) we don't have all the time in the world to watch how bitcoin rises its value while at the same time can not feel all the benefits of its value
4) it may loose its value or be banned after some years as it can not rise its value infinitely
so I think its better to get the benefits of the two worlds - bitcoin and banks (symbolizing todays reality)

[dark1234]

do not deny investing our funds in $ BTC or others is an attractive thing and promises greater returns than the Bank 🏦 but giving it all for assets in digital I do not agree with this opinion; because we cannot predict future prices and needs so this will force you to sell your assets regardless of the price but ... !! having funds in this bank makes your funds safer and makes it easier for you to transact when something happens in the future you are not easy to sell digital assets, because there are still other assets (our money is in the bank)

[Rengga Jati]

High profits, high risks.
In BTC, you may get high profits when saving your money BTC. Moreover when buying them in bearish or dip price and then saving or holding them to the future (at least until bullish). You will get very high profits. However, who will guarantee your money secure fully? No one. That is why high profits high risks.
It is different with banks. They will commonly guarantee and also they are centralized, law under the government of the country. Except if the banks are bankrupt or have serious problems.

[Sihab76]

Though I am a supporter of cryptocurrencies but I interest in banking profits systems. Though banking interest lower than cryptocurrencies interest but lower risks.  In cryptocurrencies interest profits high but you can think here risks far far more than banking system.