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

[gabriela1999]

Bitcoin's profit is much higher than the bank. But it cannot guarantee 100%. Profits from banks are not high but it is safe and absolute. You should divide 2 parts of your assets 1 to invest in Bitcoin and 1 more you should send to the bank.

[Lorence.xD]

Bitcoin's profit is much higher than the bank. But it cannot guarantee 100%. Profits from banks are not high but it is safe and absolute. You should divide 2 parts of your assets 1 to invest in Bitcoin and 1 more you should send to the bank.

Did you look at the chart of bitcoin prices overtime? If banks were to replicate that, it will take thousands of years before they can do it. Yes banks insures that your money is safe but they benefit more on it more than you because they use your money for loans with exorbitant interests higher than the interest you can get at their bank. My only reason that I will put money to a bank is to have some sort of wallet for stock trading and index funds and other bank related transaction.

[acener]

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.

You should also know that Bitcoin could go down so you could also lose money from it.
But I do support your idea and I think it is good for a long term holder.
Because I believe that it would continue to grow in the future so we should accumulate as much as we could.

[Ludmilla_rose1995]

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.

You should also know that Bitcoin could go down so you could also lose money from it.
But I do support your idea and I think it is good for a long term holder.
Because I believe that it would continue to grow in the future so we should accumulate as much as we could.

Although the value of bitcoins can decrease very quickly, over time, the value of bitcoins can recover and can even increase higher. saving in bitcoin is indeed for long-term holders. and I am also one of those long-term holders who are continuously saving and collecting bitcoins. it doesn't matter if the price falls, because the price will go up again.

[BIT-BENDER]

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.

I have tried the bank fixed deposit and even left it for a long time, but the profits are very small, I don't know how the banking system works in your country, but mine I the only reason I would be keeping money in a fixed deposit account is only to prevent me from using it, as for the profits it's really nothing I can hope on, but with Bitcoin and as at now it different, and more flexible, it's saving and investment all in one, and profits are better-off than that of my area's banking system, but I would sound like a broken record to say it has disadvantages and one majorly is the price can propel up, or dip low.

[AmoreJaz]

The difference is that banks almost guarantees the profits that they are promising, while with Bitcoin no one guarantees anything, you can earn a lot or lose a lot. Also banks serve another vital function - they lend money to people. Because of this, banks will always exist.

If you imagine all people in the world abandoning their saving accounts for Bitcoin, it would create an enormous bubble, and the early buyers would profit from it greatly, while the late buyers would lose everything, as Bitcoin would correct by 95% or more. This is just a thought experiment, because nothing like this is going to happen, but still.

and if i may add, with savings in the bank, you know for sure that your money is safe and secure and will not lose its value overnight. though the interest is really small as compared to other financial investments, but you can also get other benefits by keeping your money at the bank like if you want to lend in the future.  just treat it as someone is securing your savings.
with bitcoin, you can really get very good profits these days. however, what if the opposite happens in the market? i guess you will tell to yourself that you should have kept your money at the bank.
so this situation goes to show that there are really advantages when you diversify your portfolio, you can get both the benefits of these types of investments

[Sanugarid]

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.

I agree with you, investing your money in cryptocurrency such as BTC has a big possibility of profit is much better than saving your money and putting it on the bank which has a low interest rate per annum. Your money on BTC will grow exponentially depending on the market movement but of course, big losses are also possible on this kind of investment. Moreover, the amount of how much your money will grow depends on the amount you've saved and interest rate which is why investing is much better compared to saving only.

[uneng]

Actually you lose money by letting your money at banks saving accounts. Besides the interest rate being already too low, the real inflation eats all the profit made. The profit you make isn't sufficient to overcome the increasement in prices you see over all the goods disponible in the market along the months and years. On long run you just lose purchasing power this way.
If you want to invest through fiat you need to buy assets and stocks, although the popularization of these options make me wonder for how long they will remain profitable. Because with high popularity comes low profitability.

[michellee]

That will be your choice as we do not force you to do that thing. If you think saving your money in bitcoin form will give you more profit than saving in the banks, you are free to do that. But for your information, you need to know that saving in bitcoin will have a risk that the price can go to any price. If you can accept that risk, you can continue to move your money into a bitcoin form and hold your bitcoin. But you need to make sure that you can still buy your daily needs and still have the money for an urgent situation that might happen.

[bosede1]

No doubt Bitcoin will yield rapid profit especially the date you give but because of the volatile nature, you want to be very cautious of your actions. Bank saving is good but the interest rate accrued is low but you will be sure of the exact amount you are to cash out upon the expiry date but for Bitcoin, you can't know until then.

[J1mb0]

There should be no comparison between banks and bitcoin, each with its own advantages and disadvantages.
Investing in bitcoin can bring a lot of profits but also has a lot of potential risks, while savings in banks are close to zero risk, but the profit it brings is quite low.

[Ewox]

I couldn’t agree with you more although I wouldn’t want to compare the banks from and saving assets in Bitcoin because they are totally different. And that’s the reason why I chose to save some fiat money in the banks for emergency purposes because hospitals from where I live in doesn’t accept any form of cryptocurrencies yet. But I also have assets in cryptocurrencies, but not really assets but more of investments for long term too.

[kryptqnick]

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.

The deposit profits that banks offer are indeed very low. I think they're so low that they're insignificant. If you have little money, you'll just have marginally more, but it won't make a difference to your situation. If you have tons of money, you'll get another significant sum added to it, but it once again won't make a difference to you because you're already very rich. However, while giving money to a highly reputable bank is a very low-risk choice, with Bitcoin you can profit a lot if the price goes up, but you can also lose a lot if it goes down, so it's a high-risk investment.

[geegaw]

Bitcoin's profit is much higher than the bank. But it cannot guarantee 100%. Profits from banks are not high but it is safe and absolute. You should divide 2 parts of your assets 1 to invest in Bitcoin and 1 more you should send to the bank.

Did you look at the chart of bitcoin prices overtime? If banks were to replicate that, it will take thousands of years before they can do it. Yes banks insures that your money is safe but they benefit more on it more than you because they use your money for loans with exorbitant interests higher than the interest you can get at their bank. My only reason that I will put money to a bank is to have some sort of wallet for stock trading and index funds and other bank related transaction.

Well, banks actually use our money to lend to big businesses, and besides, they probably secretly use that money to invest in some portfolios as well, our benefits are too low compared to the profits they receive but you should understand that they provide us with a level of absolute safety coverage each month, they are taking some risk to achieve such returns. Whereas if we want better returns, we also have to take the same risks in bitcoin, bitcoin can help increase wealth but it can also decrease assets, consideration of this issue will need to consider the interests between the two sides

[Innerpumper]

all of them have their own advantages and disadvantages. I agree, if saving bitcoin is better than saving in the bank. It's just that it has a bit of a big problem. That is, there is no person in charge when we lose the key to our wallet, in contrast to the bank that when we lose we will be able to be helped by the bank

[Reosta_]

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.

For now, you can continue to make a way better profit by keeping your money in Bitcoin rather than fiat. But there is no guarantee for you to maintain the same profit. You can even lose some amount of your capital when Bitcoin price falls. But using a decentralized money is safer than the centralized ones that's for sure.

[peterpanda]

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.

[wiss19]

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.

Wouldn’t be bad if you still continue with splitting it and keeping some of them bank while the rest goes to bitcoin. Bitcoin is good and the percentage of return can be high at times, but that shouldn’t be the reason why you would be investing or saving all your money in Bitcoin, because there are still times that the market can be really bad, although this year have been different and we haven’t experienced any of those really bad bear markets or corrections that pushes the market to plummeting to a very low price. So you have to be very careful of what you’re buying .

[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.

[goldade]

While I believe that you're actually right, I think you're actually saying this because you invested in bitcoin for sometime, waited for the price of bitcoin to appreciate and now you can see your profits. However, you should know that this is not guaranteed. It is also possible to lose a lot of money if by some chance bitcoin goes on a bearish run. You might probably think this is impossible but we have actually seen it before. Back in 2018, there was a tragic decline in the price of bitcoin such that it got to a very low price.
My point is, with banks, your profits are guaranteed although they may be small.