Crypto vs Fiat

[Semar Mesem]

follow my thoughts on the picture you are referring to and compare the future profitability of crypto as well as fiat money on savings, this is if true what you are trying to send to people then in my opinion you are right about the current cryptocurrency if we hold it for a long time such as 5 years, now the number is x many times and the fiat money they make is quite low and almost if 5 years later then that profit will be 0. why because 5 years later money loses value and the bank refund rate is very low and we also refund zero.

In my country if we save money in banks then we only get bank interest of about 10% per year, of course this is a very small value if we invest in crypto, since 2016 I only filled my savings for daily and monthly needs, the rest I immediately bought crypto, This is a move that will make me a big profit one day.

Of course investing in crypto is much more profitable than saving money in a bank because saving money in a bank is not an investment. when you save in the bank the money is used for capital and the 10% interest per year you get is only a small part of the profits the bank gets.

what we talking about is invest in something, and you cant compare between bank and crypto, because they are totally different.
and thats true if money cant make great move like crypto, because we know what is money.
bank, just for store your money. keep it save, to make transaction on real life, and other thing you need.

When we save money in the bank of course we will not get a very small increase in value or bank interest, the function of banks and crypto is different, we can't fully rely on crypto to meet and spend daily needs, of course we can't be separated from the bank.

[jaysabi]

I once compared in two months, crypto and saving in the bank, what I did was deliberately to prove, it turns out that it's 100% true that crypto can beat saving in a bank in terms of the benefits provided by the bank and the results of buying crypto.

Indeed. Investing in crypto is much better because we can double our capital (depends on the coins that we invest in) for a short period. Its a fact that we cant deny though it has risk due to many scams but if you're a kind of investor who always conduct a research before investing then huge gains are not impossible. While storing our money in banks are the old way of saving, but you cant gain huge from it even it take years. Thus its obvious which is more beneficial.

If you're just looking for a fast double, gambling is what you're doing.  Nothing returns such high gains without a corresponding high risk of loss.  Expecting any asset to double in short order shows just how warped your expectations are. 

[Kavidissa11]

Cryptocurrency and fiat currency are two distinct entities that display their importance and worth in various ways. Fiat money held in banks has the capacity to increase based on the agreement you have with the banking system regarding the interest rate specified on the banking contract you signed when you opened the account and deposited your funds.

[rajakulam]

Saving money in cryptocurrency is certainly more profitable than keeping money in a bank, but all of that is based on market movements too, if the price movement goes up of course we get double profits, but if the market movement goes down of course we will soon experience problems in our finances, my advice don't invest crypto with money that is used to fulfill your basic needs, because it will make you feel uncomfortable

[Cafex]

Considering a long-term investment, I think that Bitcoin is absolutely a better choice than fiat money. Because the volatility helps you a lot in the long run. The price increases like hell and your investment also rises a lot. It is not guaranteed of course. Bitcoin is not always rising in the end. But as long as the investor stays patient, the day will come.

On the other hand, I don't mean that you should invest all of your money into Bitcoin. Because you can get hit by Bitcoin movements really seriously. You should invest an amount which you can fill its place even if you lose it all.

[albon]

I prefer to store my Fiat money in crypto and not in any of the banks that give you a percentage of profits that are not enough for you, I am one of the people who invest what they want to lose, so my money I put in crypto I don't need it and I hold it for the long term until I get good profits, Crypto is really volatile unlike fiat but if you study the market well and know when to buy and when to sell, your money will be safe.

[Emitdama]

Saving money in cryptocurrency is certainly more profitable than keeping money in a bank, but all of that is based on market movements too, if the price movement goes up of course we get double profits, but if the market movement goes down of course we will soon experience problems in our finances, my advice don't invest crypto with money that is used to fulfill your basic needs, because it will make you feel uncomfortable

No matter how much the price of Bitcoins move you will almost be guaranteed to earn more than the interest you earn from the banks on your money. In fact, people earning interest on their savings in the bank will be a victim of inflation in the coming years while the one who invests in assets like Bitcoins will never face such difficulties.

The only drawback of Bitcoins against fiat is the real-life use cases. You cannot spend Bitcoins at many places which is the only negative I can think of right now. That is why adoption is the real catalyst to the value of bitcoins.

[wahyu wida]

I prefer to store my Fiat money in crypto and not in any of the banks that give you a percentage of profits that are not enough for you, I am one of the people who invest what they want to lose, so my money I put in crypto I don't need it and I hold it for the long term until I get good profits, Crypto is really volatile unlike fiat but if you study the market well and know when to buy and when to sell, your money will be safe.

Saving in the bank does not provide profit, only a sense of security that our nominal money will remain the same from time to time and even then it will lose to inflation that occurs every year. different from investing in crypto where we just wait and look for a point to sell when the price has soared

[fullhdpixel]

Actually, I notice a problem with your thinking.

I prefer to store my Fiat money in crypto and not in any of the banks

So, basically you believe crypto is more valuable than fiat which sounds good and no problem yet.

I am one of the people who invest what they want to lose, so my money I put in crypto I don't need it

This suggests that you don't actually trust crypto yet which is quite contradicting to your other statement.

Personally, I still prefer fiat over crypto because the legal status of crypto is always in question and if the government imposes a ban on the crypto as they are always working on some bills, I would either have to sell my coins amid a crash because of the ban or I have to hold them illegally.

This doesn't mean I am criticizing Bitcoins or cryptocurrencies, I just feel the legalization of crypto is crucial moving forward.

[jossiel]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

[Shasha80]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

Your explanation is correct, our money in the bank will be used by banks to provide loans to their customers. And the bank will impose interest that
must be paid by the borrower of the money, a small portion of the interest earned will be given to us as investors. And that's a very small
percentage compared to what we would get from investing in crypto. Although investing in crypto is risky, but if we have good knowledge and
analytical skills, it is not too difficult to make a profit from crypto. Especially investing in Bitcoin, has been proven in 12 years is very profitable.
A very significant increase in the price of Bitcoin, can provide a very large profit if we can be patient holding Bitcoin in the long term.

[jossiel]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

Your explanation is correct, our money in the bank will be used by banks to provide loans to their customers. And the bank will impose interest that
must be paid by the borrower of the money, a small portion of the interest earned will be given to us as investors. And that's a very small
percentage compared to what we would get from investing in crypto. Although investing in crypto is risky, but if we have good knowledge and
analytical skills, it is not too difficult to make a profit from crypto. Especially investing in Bitcoin, has been proven in 12 years is very profitable.
A very significant increase in the price of Bitcoin, can provide a very large profit if we can be patient holding Bitcoin in the long term.

It is the usual cycle that's why many of us who owns crypto are lessening our cash flow due to that fact and we've chosen to put that savings into crypto.

Because there's more sense to it and if you've been in crypto for quite a while and you've held that long, you'll have that decision that it's better than the traditional style of saving and investing.

[LUCKMCFLY]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

Your explanation is correct, our money in the bank will be used by banks to provide loans to their customers. And the bank will impose interest that
must be paid by the borrower of the money, a small portion of the interest earned will be given to us as investors. And that's a very small
percentage compared to what we would get from investing in crypto. Although investing in crypto is risky, but if we have good knowledge and
analytical skills, it is not too difficult to make a profit from crypto. Especially investing in Bitcoin, has been proven in 12 years is very profitable.
A very significant increase in the price of Bitcoin, can provide a very large profit if we can be patient holding Bitcoin in the long term.

It is the usual cycle that's why many of us who owns crypto are lessening our cash flow due to that fact and we've chosen to put that savings into crypto.

Because there's more sense to it and if you've been in crypto for quite a while and you've held that long, you'll have that decision that it's better than the traditional style of saving and investing.

Although saving in traditional money is the most correct, in my country that word or that action "Savings" does not exist, firstly because of the local currency, which is impossible to save there due to high inflation.

When a country has high inflation problems, particular economies tend to look for many alternatives, but there is no room for savings, when we talk about crypto, only for those traders who achieve at least 6% quarterly would be accumulating 24% per year, that is, , more annual interest would be generated than any bank in the world, then the BTC or any cryptocurrency can become the best saving method, even in countries with very prosperous economies.

[Koro-Sensei]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

In my country the biggest interest rate by a bank is 4% while the inflation rate  is 4.4%. We lose .4% of our money even if we put it in the highest paying interest rate bank here so it is wise to have an alternative. This is where BTC and Gold assets comes. They provide a protection for our hard earned income and keep us away from institutions that makes money out from our own money. Aside from that, in crypto we now have DeFi projects that offers a big return for our assets.

[Shamm]

If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin  is down 4% today. But next few months BTC could pump 400%.  Pump or dump, storing your money in crypto beats saving up in the bank.

  Wow it's a ridiculously thing that's possible happen to us. Cryptocurrencies will be more trend an stand as our transaction nad it will be our used someday than Fiat.

[jossiel]

There's no interest holding it on your own and if you'll put that in the bank, it is the banks that will earn from it and they'll give you a share.

Yeah, a little share from your own money that has been deposited on them and used for loaning their customers. That's why if you have extra cash and you want to grow it, invest in on crypto and if possible, don't go far but buy bitcoin.

bank interest between saving and borrowing is very striking difference. banks collect money from people who save and lend it back at a higher interest, so if you save and want to make a profit, I think it is not wise, the deposit interest is still relatively small when compared to the loan interest. therefore investment is the main choice to develop our money

That's what I've just said.

It is the usual cycle that's why many of us who owns crypto are lessening our cash flow due to that fact and we've chosen to put that savings into crypto.

Because there's more sense to it and if you've been in crypto for quite a while and you've held that long, you'll have that decision that it's better than the traditional style of saving and investing.

Although saving in traditional money is the most correct, in my country that word or that action "Savings" does not exist, firstly because of the local currency, which is impossible to save there due to high inflation.

When a country has high inflation problems, particular economies tend to look for many alternatives, but there is no room for savings, when we talk about crypto, only for those traders who achieve at least 6% quarterly would be accumulating 24% per year, that is, , more annual interest would be generated than any bank in the world, then the BTC or any cryptocurrency can become the best saving method, even in countries with very prosperous economies.

I'm thinking about Venezuela but it's more in hyper inflation so I'm taking a guess from which country you are residing but I can't think of it.

But anyway, it is true that when a country is dealing with high inflation, savings isn't going to work. You have to look for some ways to grow your money through investments because if you've got $1000 in savings on that country, the value of it by next year or so will eventually decreased. It's still $1000 but you will buy things soon lower than that value as inflation increases.

[dark1234]

there are various reasons why we have to put our money in the crypto world, it is very easy to get promising profits and a bright future compared to banks but we also shouldn't be greedy by putting banks aside, for in my own country banks are still financial intermediaries in every transaction, Safe work and storage

[lepbagong]

I make a strong differentiaton between crypto and fiat money. While my monthly income comes from fiat and all my expenses are being paid in fiat, I don't want to hold any excess fist money. The interest rate is 0 and isn't likely to change any time soon. All my excess fiat money I either buy stocks with or convert into crypto currencies. All my savings I am doing now with cryptos.

what you do by converting the excess fiat money you receive from your monthly income into crypto currency is certainly very appreciated, because if you just leave fiat money in the bank you will only get very small interest, but if you save in crypto, especially on coins The best thing is that it is certain that in the future it will reach a higher value than you buy and the % is clearly greater than your fiat deposit in the bank.
your actions are very much appreciated and it is clear what you are doing, if you can do day trading again, of course you will be able to get more, but keeping silence is also a good investment.

[Rasa nanas]

bank interest between saving and borrowing is very striking difference. banks collect money from people who save and lend it back at a higher interest, so if you save and want to make a profit, I think it is not wise, the deposit interest is still relatively small when compared to the loan interest. therefore investment is the main choice to develop our money

if we want to borrow money at the bank we must provide a guarantee that has a value that is much greater than the amount of money we borrow. other than that if we borrow money and we are late to pay we are required to pay a fine. of course the bank will benefit doubled from the interest we receive every month.

[CapGelatik]

bank interest between saving and borrowing is very striking difference. banks collect money from people who save and lend it back at a higher interest, so if you save and want to make a profit, I think it is not wise, the deposit interest is still relatively small when compared to the loan interest. therefore investment is the main choice to develop our money

if we want to borrow money at the bank we must provide a guarantee that has a value that is much greater than the amount of money we borrow. other than that if we borrow money and we are late to pay we are required to pay a fine. of course the bank will benefit doubled from the interest we receive every month.

Such is the system of the bank itself and the bank itself is a business,
so of course they want to benefit from the high interest we receive every month,
High interest rates are certainly a consideration for all of us before borrowing money at the bank