Bitcoin or banking investment?

[CageMabok]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Honestly, in general I really need both in my life and so far I can barely even do anything when the bank network in my place started to have problems with slow transactions. It means I really can't ignore both of them in my life for now so whatever you describe for both now, I really can't forget one and use the other.

Because besides I really like Bitcoin and investing in Bitcoin, I also like other real estate businesses that require me to stay with a bank and it also helps me a lot when I want to put extra money into the crypto space when I want to buy more Bitcoin for my investment for the long term, so I really have to use both for my smooth running in terms of business and also in terms of investment so I can't say bad for both.

[crunck]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Honestly, in general I really need both in my life and so far I can barely even do anything when the bank network in my place started to have problems with slow transactions. It means I really can't ignore both of them in my life for now so whatever you describe for both now, I really can't forget one and use the other.

Because besides I really like Bitcoin and investing in Bitcoin, I also like other real estate businesses that require me to stay with a bank and it also helps me a lot when I want to put extra money into the crypto space when I want to buy more Bitcoin for my investment for the long term, so I really have to use both for my smooth running in terms of business and also in terms of investment so I can't say bad for both.

Exactly, we still need a bank because banks not only provide us with savings services but also provide us with a lot of necessary services in life. Furthermore, as long as fiat remains the world's currency, our dependence on banks will not end anytime soon. It's amazing for people who are using the bank but still blaspheme it. Meanwhile, no one forced us to compare, and no one forbade us to use only one of the two.

[Nrcewker]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Glad to see that a newbie is asking question like this and wants be clear in the thoughts. If you ask me personally then I would choose Bitcoins over banks. The reason is pretty simple. Banks are centralised and are controlled by the governments. So it’s completely not your own money, I mean you completely don’t own it. On the other hand, Bitcoins are decentralised in nature and hence you completely own the coins without any hidden charges or taxes paying anywhere. And you can easily convert into FIAT of any country.

[Crptomagma]

Saving money in the bank is different from Bitcoin investment. If you deposit money in the bank it gives you low or no income and still your capital remains intact. But in that of Bitcoin case it is risky because you may loose half of your money within short period of time and at the same time make triple of your money within short period of time. So in all it better to have some of your money saved in the bank for taking care of some things and also some in Bitcoin and wait till the price increase.

[kryptqnick]

Banks offer a really low interest rate, usually, that doesn't make sense unless you have a lot of money (but in that case, you don't really need more or it, even though you can make more) and the fiat currency you're dealing with is very strong (otherwise you might lose more to inflation than gain from the interest rate). Moreover, it comes with a risk, since banks are centralized and can basically do what they see fit with your money. If you hold your Bitcoin in a non-custodial wallet, however, at least the money is really yours and nobody can manage or mismanage it. Sure, Bitcoin may not grow as fast as you want and it can take a while to recover, but there's also a chance to gain way more profit than with a bank deposit, especially if one's willing to wait for several years.

[Inwestour]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

You misjudge risks when you talk about banks. Firstly, the interest that you can receive from a bank deposit will be eaten up by inflation, and secondly, while the money is kept in the bank, it does not really belong to you, but is under the complete control of the bank, and you may not even be able to get it quickly in case if you need them.

As you can see, the risks are quite large and I see no reason to keep money in the bank, and even more so, I see no reason to use a bank deposit to make a "profit".

[fuguebtc]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

You misjudge risks when you talk about banks. Firstly, the interest that you can receive from a bank deposit will be eaten up by inflation, and secondly, while the money is kept in the bank, it does not really belong to you, but is under the complete control of the bank, and you may not even be able to get it quickly in case if you need them.

As you can see, the risks are quite large and I see no reason to keep money in the bank, and even more so, I see no reason to use a bank deposit to make a "profit".

What you said about the bank is absolutely true, that is the downside of the bank. But what about bitcoin? Is it perfect? Is it safe for us to put all our assets in it? The answer is that nothing is perfect and safe. What happens when you put all your money in bitcoin for $50k or $69k, and you need the money urgently right now, and its price is only $26k now? Will you still be satisfied using bitcoin after losing over 50% of your net worth?

To be fair, nothing is perfect. And the solution in this case is not to put all your eggs in one basket, diversification is essential.

[ilovealtcoins]

Saving money in the bank is different from Bitcoin investment. If you deposit money in the bank it gives you low or no income and still your capital remains intact. But in that of Bitcoin case it is risky because you may loose half of your money within short period of time and at the same time make triple of your money within short period of time. So in all it better to have some of your money saved in the bank for taking care of some things and also some in Bitcoin and wait till the price increase.

This is what I am doing, and I am satisfied with my plan. It would be foolish to put all our money in the bank because not only would it not benefit us, but our money could also be eaten away by inflation. But it would also be more foolish to put all your money in a volatile asset like bitcoin. We can lose everything if one day bitcoin disappears. So, dividing assets into parts and putting them in different places is the best way we should do it.

[Mate2237]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

I did not see Banks as a ln investment platform all but bitcoin is for investment for all. Bank investment is only meant for those owners for the bank and not for others. Op has you or  any of your house family member is also a shareolder in a bank? For you to invest in bank, you will become a shareolder and for you to become a shareolder you must have millions to partake. It is only in bitcoin one can invest without having a huge amount of money but I don't think so with bank.

[yazher]

Banks also have risks especially those who are about to fall without their client's knowledge because they hide it from them. Now if we are looking for secured and sure income for our money, I can say holding bitcoins is more secure in the next years to come because you don't have any fear about losing it or losing control of it when you do some necessary things to keep it safe. Banks are not reliable in every situation and there are times when they hold your balance and do not release it due to some unforeseen calamity whether it's from them or something they detect anomaly from you.

[Stable090]

Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Why will I choose to invest in bank when I know that banks are just using me to multiply their own money, if you invest in bank, they use your money to run some other businesses and give you just little percentage from the profits which they make, investing in banks is just like you are enriching banks owners and you are not enriching yourself, but if you invest in bitcoin, then you are enriching yourself and not anybody. I don’t even leave money in my bank account, I only leave any amount which I know I will be using in the next few hours or days in my bank account, all my money is always in my wallet address, and am always controlling my money and am financially free, nobody is managing my money and nobody is monitoring the way am spending my money.

[Alucard1]

Storing your money in cryptocurrency and in bank are both good option, there are different prons and cons in different ways of storing your money. If you want investment then it is good to store your money in cryptocurrency especially in a long term investment and also you have the power to control over your money in anytime and in anywhere you are. Bank is not a good investment, as it is only good for saving your money, if you just dont want to risk your money and you just only need to place it in a safe way then go for the bank.

[yudi09]

Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Investment in banks has experienced a decrease in the level of trust in line with the economic situation and investment outside the bank has actually increased as an effort to protect wealth.

Investing in Bitcoin is a more reliable type of investment than investing in a bank that provides expectations of an annual interest percentage.
In my opinion, the fall or bankruptcy of Silicon Valley Bank (SVB) is a strong consideration, the percentage of investment in banks has decreased compared to investment in Bitcoin and Gold.

Personally, I don't like the banking system, so I have absolutely no intention of saving money there.
Speaking of risk, everything has a risk. It depends on how we manage risk.

[eightdots]

I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

Why do we have to choose only one? I prefer both and this is how I have progressed so far. If the conditions and the world change, the choices that are appropriate for that time are made. One of these choices can replace the other, yes, but time has to pass. I think it is too early to ask this question right now.

Our choices enable us to live in accordance with the times. We cannot ignore something that exists or has validity at this time. I am glad that the banks have accelerated the future of Bitcoin with their mistakes.

[maydna]

The bank is a place to save money and not to invest even though it has investment products too. But generally, banks provide accounts for people to keep their money in.

While Bitcoin is a type of investment, we know besides other types of investment. And many people who are familiar with Bitcoin will choose to save their money in Bitcoin, but they also save their money in the bank to make ends meet and for sudden needs. And I keep my money in Bitcoin and the bank, but I don't invest in the bank because the interest I will get is very small, and it's not worth trying.

[Magic-Money]

Thing's are changing into a global wealth class, which Bitcoin is a moving trend of financial services, banking my money with Bank is a waste of time and energy, because stress going to bank, and also without being making a transaction, bankers we still collecting charge's, so I prefer Bitcoin as savings account that we stayed Long, before making a transaction and give more profitable than Bank.

[Dr.Osh]

I will be more inclined to choose investments, and bitcoin is one investment that I think has enormous potential in the future. maybe a deposit to the bank is a safe way to make extra money, but we also need to have a large deposit so we can feel the interest each month. However, I prefer investing or bitcoin because I feel that with not so much money, we have unlimited potential to get big profits, but also with the same big risks.

[GreatArkansas]

(....)
 Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?

For me, investment in banks these days is already old school. Because for me, I am only using the bank these days for my daily expenses or emergency fund, money that I can quickly use just in case I want.
Which, about investments, I don't use banks at all for them.
Bitcoin yes, I bought Bitcoins sometimes when I want to invest in them. Then I set my goal where I will take profit from that investment.

[Wend]

I use the bank to keep my savings for emergencies as well as my daily necessities. I never thought of depositing a large sum of money in the bank to receive the meager interest they paid us. Meanwhile, I use bitcoin as a long-term investment for the future, although bitcoin is riskier than other assets but with the return it can provide, I think it's worth the trade-off.

If you are not a risk taker and can't take risks, don't invest in bitcoin but don't put all your money in the bank, try with stable assets like gold. On the contrary, you can take risks, like thrills like riding a roller coaster to find with bigger profits then bitcoin what you need.

[DiMarxist]

 Bitcoin is a type of investment, we know besides other types of investment. And many people who are familiar with Bitcoin will choose to save their money in Bitcoin, but they also save their money in the bank to make ends meet and for sudden needs.

The bank is a place to save money and not to invest even though it has investment products too, when you actually deposit those money under fixed deposit.