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

[wxxyrqa]

Saving your money in the bank is not a wise choice. Though banks do offer an interest when you save your money there, it is too low that you won’t feel that your money is growing. Much better to invest the money that will give you a high return. But high return comes with high risk. So be careful. It is really good to invest in Bitcoin because you know how much will it grow over time. It just needs patience in holding it for the long term.

in order to make decisions whether to keep money in a bank or in a cryptocurrency, at least you need to understand the cryptocurrency and constantly monitor the market and information space, because the volatility of the cryptocurrency is too high and you can lose your savings very quickly. But if we are talking about transferring your savings to Bitcoin, then given the market trend, I would gladly do this, since the bull run will continue for a very long time and savings may increase in volume. But nevertheless, at this stage in the development of the demand and popularity of Bitcoin, it still cannot be called a reliable storage due to its high volatility.

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[acdc]

I think that bitcoin is not a place to save wealth, bitcoin is a place to invest and make a profit. People invest in bitcoin and hope to make a profit from it, people who deposit money in the bank because they want a safe investment.

Well, there are a lot of people who deposit money in the bank to receive that profit, and they are satisfied with the profits.
In fact it is also a profitable investment, because its returns are so small that its risk is almost zero.

[Leonardo7]

As my country's currency is dying because of heavy corruption in the government circles, 99% of my assets are now in crypto diversified. The more I own fiat in the bank, the less purchasing power I have. People will in the future come to realize they were told a lie by bankers and it would be very late.

[adzino]

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.

It is better in a sense that you are holding it for a long term. Banks will give you a guaranteed profit every month. Bitcoin won't do that. There might be months where you might have not made any profit holding bitcoin. Again, you might even see that your profit has dropped and you are in loss (though remember, you don't make any loss as long as you don't sell anything). But banks will give you a certain percentage of profit every month. But when taking inflation into account, the bank investment returns that you will receive may not be good in the long run. This is where investment in bitcoins excels. In the long run, if anything "bad" doesn't happen, you are guaranteed to make some hefty profits.

[Willitivity]

As my country's currency is dying because of heavy corruption in the government circles, 99% of my assets are now in crypto diversified. The more I own fiat in the bank, the less purchasing power I have. People will in the future come to realize they were told a lie by bankers and it would be very late.

You are lucky to have discovered this early and made the best move to keep majority of your portfolio holdings in crypto. I don't know if we're talking of the same country but mine also took crazy steps to pump in more money out of thin air into the circulation thereby creating more inflation. I'm thankful because I was already a crypto enthusiast so I would be very prepared for what comes next. Nothing beats being the only one to make crucial decisions about my finances.  Bitcoin takes finances to a whole new level for me.

[AakZaki]

Obviously it is true that saving bitcoin is far better than saving on bank. Banks don't provide high interest and it is not decentralized. I love bitcoin for it's decentralization system. Holding bitcoin is the easiest way to earn huge money with short possible of time.

But you also have to consider some of the risks that will occur when you save your money in bitcoin.
Bitcoin and banks have many significant differences.

The bank guarantees more of their customers' assets so that it is still impossible to lose assets in the bank and it will be safer to store fiat, but no profit will be developed.

in bitcoin it can generate more profit than banks, but look at the risks ahead, bitcoin fluctuates and no one will guarantee when your bitcoin assets are lost.

So having assets in bitcoin and banks are both important and profitable.

[Poker Player]

While I generally agree with the OP, it seems to me that he believes what he says in a very simplistic way, just because of the return it has given him in less than a year. The same could have happened to him with a shitcoin or a startup that then goes bust.

I think it is better to save in Bitcoin but because of its limited and decentralized nature, and because after what we are seeing this cycle, there is no stopping it. The return is a consequence of this, and of massive fiat printing.

[wack slacker]

Bitcoin is a currency and also a speculative asset. There is no guarantee of any return you will receive from Bitcoin, it all depends on the needs of the market.

Banks are different, dollars are printed by the bank and they guarantee you the agreed profit. That is nice and stable.

Bitcoin is a double-edged sword if you keep it. You can lose money or make a profit. You are solely responsible for all your actions when you keep Bitcoin in your wallet.

According to bitcoin's deflator chart and market demand, Bitcoin is always in an upward direction. So keeping Bitcoin for many years is a good choice. It can be said that it is more profitable than depositing money in the bank.
(This is speculation, not investment advice)

[Cling18]

As for me, they're both important, and dividing your funds to invest half with Bitcoin and put the other half in a bank is still a good decision but keep in mind that Bitcoin is volatile and that's the difference of it from the interest in the fiat that you're holding in banks. Having long-term assets would give us a chance to have a sustainable life in the future.

[capcaypro]

apart from safely storing our assets bitcoin is also better in interest difference because in the bank when we store assets we are definitely subject to pre -determined interest from the bank as well as the profit of bitcoin is much greater than we keep assets in the bank but this depends on the asset owner .
if the owner of the asset is smart and understands the concept of trading, his profit will be great, but if he only follows what is there without being based on his knowledge, then it will lose a lot as well.
in this case the bank is more consistent because the bank has its own calculations in assets when the gains and losses of the asset owner will be less in the minimized

[Leviathan.007]

During the last years bitcoin was a very trustworthy investment and true save haven against the inflection rate. Unlike the fiat assets you usually save in your back account you can 'full control' on your bitcoin investment and you do truly own have the asset in your hands while if you have any problem with the government they can easily close your back account or take all of your investments in back and make you poor in one single day.

[willoweb]

I fully agree with this statement. All of this in the future that we will see in the next few years will revolutionize the banking sector. I am sure that banks will reform and adapt to the global economy of the future associated with cryptocurrency. If they don't, they will lose a lot of customers and their products will become unattractive. The conservative approach to storing money is changing in favor of bitcoin and other alternative cryptocurrencies, it is obvious that this trend will continue in the future.

[MCDev]

Banks are where we keep money with very small profits, while the crypto market is where people speculate and make a profit.
Maybe at the present time investing in bitcoin is very profitable for everyone, but returns are always risky so everyone should be careful with their investments.

[Shasha80]

Since the beginning of this year I have been slowly moving the money I have in the bank to buy Bitcoin. Because it is more profitable to store Bitcoin
than to keep money in banks. I have been depositing money in the bank for more than 10 years,  and the profit is still greater my investment
in Bitcoin from the beginning of this year until now. From this experience I strongly agree that saving assets in Bitcoin is much better than saving
money in banks.

[kolbalish]

I don't imagine so. Because the risk reaps bigger than it is not preferable at all. A fixed profit will come from the bank and will be stable. But this will not transpire in Bitcoin. Bitcoin can bring about a lot of profit if coincidence is good !!! And if the luck is awful, it's all over. Now, what if all the assets are gone in the possibility of making more profit ?? Yes, it is needed to put up with risks occasionally in life. So, I feel savings in a bank is better.

[skarais]

But you also have to consider some of the risks that will occur when you save your money in bitcoin.
Bitcoin and banks have many significant differences.

The bank guarantees more of their customers' assets so that it is still impossible to lose assets in the bank and it will be safer to store fiat, but no profit will be developed.

in bitcoin it can generate more profit than banks, but look at the risks ahead, bitcoin fluctuates and no one will guarantee when your bitcoin assets are lost.

So having assets in bitcoin and banks are both important and profitable.

Because we are constantly afraid of the risk of investing in bitcoin, some people have missed the opportunity to earn x10, x20, x30 profit over the years. We don't have to put all our eggs in bitcoin if the risk of price fluctuation is what we are afraid of, 10% of our monthly income since 2018 seem to have made a big profit on bitcoin when compared to storing it in gold or a bank.

[vaultman]

It is worth noting that not only is it worth keeping your funds in bitcoins, but there are also many other ways in the cryptocurrency world to invest your funds and get a much higher annual percentage rate on a deposit than in a bank. As for the bank, I also do not understand the point of investing money in the bank, since the interest is low, and inflation is almost the same, if not more than the interest on the deposit itself.

[doctor877]

its way much more better especially for someone that knows how the game works. but for newbie, i dont think they would understand because at some point it might be a loss for them when price goes lower and their patience couldnt wait. a good orientation is needed so that the purpose wont be defeated because in bank your money is safe, secured and return is sure even though its small, but return is bitcoin is way bigger but not sure. thisnunderstanding has to be establised.

[virtualdn]

But of course, any FIAT money is doomed to monetary inflation.

Need to buy a house? Cash out BTC and buy it.

Need to buy a car? Cash out BTC and buy it.

But never cash out all your BTC to keep them in your bank account, that's the most stupid thing you can do

[dunfida]

its way much more better especially for someone that knows how the game works. but for newbie, i dont think they would understand because at some point it might be a loss for them when price goes lower and their patience couldnt wait. a good orientation is needed so that the purpose wont be defeated because in bank your money is safe, secured and return is sure even though its small, but return is bitcoin is way bigger but not sure. thisnunderstanding has to be establised.

When you already have the experience and awareness on how this market works then making this move isnt really a bad idea but the risk is always there and be prepared for that
but if you are really confident on putting up your assets converted to bitcoin then its his choice because its his money but honestly this move is really a risky one on you dont know
on what would comes next but if the situation would really be favorable on your side then that would really be a worthy shot but of course you should anticipate
about total wreckage.