Bitcoin or banking investment?

[lizarder]

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?

Let's briefly test your understanding of bitcoin and banks, you slipped on the idea that banks save millions of people around the world, fiat currencies generally lose their value due to depreciation which means the assumption of storing money is wrong. Regarding the notion of risk, this also relates to the potential for money that you save in the bank in the long term, placing money in a bank savings account will not be potential because the value of the currency you have will remain the same, meaning that the money you have is also at risk of not producing profit.

If you put money in bitcoin, then the potential for achieving ATH will generate big profits, why should it be ATH because we ignore a bit of bitcoin volatility patterns, so it can be concluded that placing money in bitcoin is far more potential, than placing money in bank savings which not making a profit in the long term, draft this relates directly to precision as the idea of investment that you are trying to talk about.

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[panganib999]

We’re undergoing massive economic troubles that could very well flip the whole economy over, royally-fucking us and everyone with liquid assets in  ???their bank, so I don’t really advise bank investments right now or any other form of stock except if you’re looking to short trade as a lot of them are just downright red nowadays, and banks are on the verge of collapse no thanks to their own greed. Bitcoin seems to be the most plausible solution/option hut if you’re looking for fast profits you might wanna redirect your gaze elsewhere. As of the moment there’s no concrete reason for bitcoin to increase in value and so it’s sitting nicely on its 27k bench waiting for the bull run  or a better reason to increase value at least sustainably.

Have you tried looking into gold, silver, and other precious metals? How about real estate? The latter might be in a tough spot right now but these are all time great ventures if you don’t know where to invest

[Dr.Bitcoin_Strange]

So yeah, hodl that Bitcoin, bro, but don't turn a blind eye to the diversification mantra. Don't be that squirrel that goes all in on one tree with his nut stash, only to see it crash and burn. Maintain a diversified spread with Bitcoin and old-school investments, and remember, in the finance fiesta, free lunches are a myth!

Sure, we learn from others mistakes, and based on what one has known so far, it's not really wise to put all our eggs in one basket. Sure, Bitcoin is really a wise and profitable investment for most people, although not everyone has benefited from buying it. For some reason, most people bought when the price was very high, and due to the panic of losing their asset, they sold off so fast and even incurred some losses. But those who understand Bitcoin so well will hold their coins until the bull market comes and they make some profits. But normally, when one gets a well-paid-off investment, it creates much opportunity to invest in other places, but if the person has some fixed income, they can also invest in two platforms (Bitcoin and business or buy some shares), in as much as I Don't keep some heavy lofty of money in the bank because am into business dealings, it doesn't mean I don't keep fiat. One of my boss would always say that, sometimes, "something that one sees as a sustainable income may not really be what it is in some scenarios."

[ndutndut]

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?

Actually, both of us need each other, but the decision to save money as a Bitcoin investment or a bank depends on you and where your financial goals are going. If you are prepared to face high volatility and risk for and want to look for big profits, I think Bitcoin will be the right choice for you. However, if you're more comfortable with slightly lower levels of risk than bitcoin and keeping your money safe, keeping your money in a bank may be a better fit. However, it does not guarantee either because of the risk of bankruptcy and inflation.

For me personally, it's better to save money at USTD, apy 8% for an emergency fund. The remaining crypto BTC, ETH and BNB 10% per coin per month of earnings. because if you save at the bank there is no greater profit than bitcoin, on the other hand the two also have risks even though the levels of risk are different.

[Sexylizzy2813]

I'd go for Bitcoin Investment no matter the risk involved, cryptocurrence are not vulnerable to theft since their transactions are recorded on a public ledger. The transaction of Bitcoin do not require intermediaries such as banks or financial institutions.
Bitcoin has the largest cryptocurrency by market cap and it is risky in investment with high volatility.
Using banking investment is like every eyes is on you so I'd prefer going for Bitcoin Investment not minding the risk involved, just time and patience.

[nesty]

Bitcoin and banking investments are two different kinds of investment options, both have different benefits and drawbacks. As a digital currency Bitcoin operates independently and is decentralized which means it is not controlled by any government entities nor financial institutions. Bitcoin has the potential for high profits but it is too volatile and risky. Banking investments on the other hand is more typically more stable and less volatile than Bitcoin. Banks offers a wide range of options like savings accounts, loans, credit cards, mutual funds, time deposit etc. But banking investment offers much lower rates of return and considered to be much safer compare bitcoin. The choice on which to invest would depend on the indivual if they are willing to take risk for much higher profit or if you want a stable but lower interest rates.

[SyndicateLabs]

I understand that investing in bitcoin and other cryptocurrencies carries more risk than saving money at the bank. The value of bitcoin can fluctuate visually and is not suitable for those who want to invest with a low risk threshold. As far as the value of fiat currency is concerned, there is a noticeable benefit in saving money at the bank, although the interest rate is not high but there is a lower risk. Investing in bitcoin or saving money at the bank is a personal decision. Need to analyze the benefits, risks and own investment experience to make a reasonable and appropriate choice.

[Maidak]

I understand that investing in bitcoin and other cryptocurrencies carries more risk than saving money at the bank. The value of bitcoin can fluctuate visually and is not suitable for those who want to invest with a low risk threshold. As far as the value of fiat currency is concerned, there is a noticeable benefit in saving money at the bank, although the interest rate is not high but there is a lower risk. Investing in bitcoin or saving money at the bank is a personal decision. Need to analyze the benefits, risks and own investment experience to make a reasonable and appropriate choice.

Why don't you choose both? According to your analysis, both have advantages and disadvantages, so using and combining both is best. You have both safety and can maximize your profits. Moreover, diversification is a good thing to not trust too much in a single asset, whether a bank or bitcoin. Everything has risks, and nothing is perfect or completely safe. I am still using both and quite happy with them, bitcoin for long term investment, bank for savings and short term funds.

[Bushdark]

I would choose bitcoin because of the possibility of making a profit higher than the current interest rate offered by banks. The cryptocurrency market can be unpredictable, and significant price fluctuations can occur in the short term. But if you are experienced and willing to accept the potential losses that can occur when investing in Bitcoin, then this could be a suitable option for part of your portfolio. Also today, banks may face challenges and downturns, and customer distrust can have a significant impact on their stability. So bitcoin will appeal to those who value the independence and transparency provided by blockchain technology.

Just like we have been seeing that the fiat currency is fading out gradually and having no much value like it used to be since the introduction of Bitcoin. People had been complaining of the problems they do face on a regular basis to send there money to whatever source they wished. The bank issues and tax had made people to look for a more convenient ways to make transaction without the bank coming into it.

 Bitcoin had break so.many rules and make things easier for us to send and receive money without delay or the government questioning us for the reason why we want to make the transaction. We are now getting to the full era of cryptocurrency and it's not gonna take much time from now.

[Fivestar4everMVP]

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?

Well, I will always choose bitcoin, but then, it's not a bad idea to also diversify your investments to other investment sectors, not particularly keeping your money in the bank, but investing in assets like buying shares, precious stones like gold and diamond , investing in lands and properties - this is the same as real estate and so on..

For me currently, I have most of my investments in bitcoin, but like I said, I don't have to depend just on bitcoin, I also have small amount of monies invested in several other sectors of investment like I mentioned above.

[bayu7adi]

Well, I will always choose bitcoin, but then, it's not a bad idea to also diversify your investments to other investment sectors, not particularly keeping your money in the bank, but investing in assets like buying shares, precious stones like gold and diamond , investing in lands and properties - this is the same as real estate and so on..

For me currently, I have most of my investments in bitcoin, but like I said, I don't have to depend just on bitcoin, I also have small amount of monies invested in several other sectors of investment like I mentioned above.

It is essential to maintain a certain balance in your bank account to cater to your daily food shopping needs at supermarkets that do not accept Bitcoin as payment. As long as the distribution of Bitcoin remains uneven and it is not widely adopted as a legitimate means of payment according to regulations in certain countries, it becomes necessary to have a sufficient ATM balance in the bank. Paying for groceries with gold or stocks can be quite challenging. Therefore, it is advisable to possess an adequate amount of fiat currency to cover your daily expenses, including food.

Considering that you have a larger portion of your wealth in Bitcoin, it is understandable that you prefer investing in higher-risk assets. However, have you considered exploring other opportunities within the cryptocurrency realm, such as altcoins? They come with increased risks, but the potential returns can be equally rewarding.

[MinoRaiola]

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?

Here in the forum you will get many replies they choosing bitcoin, that is for sure. If you ask this question in a bank, the answers will be different. Maybe the bankruptcies of the silvergate bank and a few others, a few people will change their minds, but I dont think there are many. We here in bitcoin we trust.

[Ryu_Ar1]

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?

Well, I will always choose bitcoin, but then, it's not a bad idea to also diversify your investments to other investment sectors, not particularly keeping your money in the bank, but investing in assets like buying shares, precious stones like gold and diamond , investing in lands and properties - this is the same as real estate and so on..

For me currently, I have most of my investments in bitcoin, but like I said, I don't have to depend just on bitcoin, I also have small amount of monies invested in several other sectors of investment like I mentioned above.

It all goes back to the original concepts in economics and belief systems according to each perspective. As long as it is in bitcoin basically it can be said to be more promising regardless of the risks faced, it is definitely great, so it is not wrong to do that.
But on the other hand, in this case I also agree with what you said about diversification considering that this is also important because indeed we have to make a little other options if one does not go well. as for banks I prefer to save there because indeed at this time fiat is still very dominating for needs but not in investment because indeed it is only to meet my daily needs in this case.

[Fivestar4everMVP]

Well, I will always choose bitcoin, but then, it's not a bad idea to also diversify your investments to other investment sectors, not particularly keeping your money in the bank, but investing in assets like buying shares, precious stones like gold and diamond , investing in lands and properties - this is the same as real estate and so on..

For me currently, I have most of my investments in bitcoin, but like I said, I don't have to depend just on bitcoin, I also have small amount of monies invested in several other sectors of investment like I mentioned above.

It is essential to maintain a certain balance in your bank account to cater to your daily food shopping needs at supermarkets that do not accept Bitcoin as payment. As long as the distribution of Bitcoin remains uneven and it is not widely adopted as a legitimate means of payment according to regulations in certain countries, it becomes necessary to have a sufficient ATM balance in the bank. Paying for groceries with gold or stocks can be quite challenging. Therefore, it is advisable to possess an adequate amount of fiat currency to cover your daily expenses, including food.

I on purpose did not include this important aspect because I personally believe that is is common sense to already know that in what ever you are investing, It is highly important to leave a good amount of money in the bank as savings for basic needs of the now and future, and a means must be made available through which the bank balance must be topped up regularly, in order not to run out of money in times when an emergency hits suddenly.

Considering that you have a larger portion of your wealth in Bitcoin, it is understandable that you prefer investing in higher-risk assets. However, have you considered exploring other opportunities within the cryptocurrency realm, such as altcoins? They come with increased risks, but the potential returns can be equally rewarding.

Yeah of course, when I said bitcoin, I actually meant bitcoin and altcoins together, this is a bitcoin board and I usually try to avoid discussing altcoins here, but yeah, I do have investment in bitcoin and also in some altcoins I feel got great potentials.

[Viscore]

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?

No need to chose actually. You could invest both in bank and bitcoin if you want. But make sure that you won’t put big amount of money sleeping in your bank account, their interest are just too small for that. Furthermore, invest in bitcoin at your own risk, at an amount that you can easily manage to lose. Know that volatile investments like bitcoin do not give us fixed profits, and it could be losses at some point aside from profits, so always invest within your means.

[serjent05]

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?

No need to chose actually. You could invest both in bank and bitcoin if you want. But make sure that you won’t put big amount of money sleeping in your bank account, their interest are just too small for that. Furthermore, invest in bitcoin at your own risk, at an amount that you can easily manage to lose. Know that volatile investments like bitcoin do not give us fixed profits, and it could be losses at some point aside from profits, so always invest within your means.

If we wanted to maximize the profit, choosing the one that gives more profit should be the choice and from the option, Bitcoin investment gives way more possibility to earn more money than banking investment so I would choose Bitcoin investment.

Time-wise and profit-wise, Bitcoin gives more, especially at the current phase of the Bitcoin cycle where the bull run is almost at the door.  Choosing Bitcoin will definitely give the more profitable venture of the two.  Forget banking investment and all-in in Bitcoin investment for maximum profitability.

[lixer]

Well, I will always choose bitcoin, but then, it's not a bad idea to also diversify your investments to other investment sectors, not particularly keeping your money in the bank, but investing in assets like buying shares, precious stones like gold and diamond , investing in lands and properties - this is the same as real estate and so on..

For me currently, I have most of my investments in bitcoin, but like I said, I don't have to depend just on bitcoin, I also have small amount of monies invested in several other sectors of investment like I mentioned above.

It is essential to maintain a certain balance in your bank account to cater to your daily food shopping needs at supermarkets that do not accept Bitcoin as payment. As long as the distribution of Bitcoin remains uneven and it is not widely adopted as a legitimate means of payment according to regulations in certain countries, it becomes necessary to have a sufficient ATM balance in the bank. Paying for groceries with gold or stocks can be quite challenging. Therefore, it is advisable to possess an adequate amount of fiat currency to cover your daily expenses, including food.

Considering that you have a larger portion of your wealth in Bitcoin, it is understandable that you prefer investing in higher-risk assets. However, have you considered exploring other opportunities within the cryptocurrency realm, such as altcoins? They come with increased risks, but the potential returns can be equally rewarding.

It is obviously not possible to keep everything you have in Bitcoin since we all know that Bitcoin cannot be used for daily expenses yet and we will again need to convert some of our Bitcoins to fiat if we need to spend them and we will definitely need to do that on a daily basis, so yeah, it is not viable to not keep fiat at all only for this reason.

I don't agree that someone should invest in altcoins if they are thinking long term, altcoins can surely provide more profits but they are not good for the long run, if you are making short term trades, go for altcoins for sure.

[Minecache]

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?

No need to chose actually. You could invest both in bank and bitcoin if you want. But make sure that you won’t put big amount of money sleeping in your bank account, their interest are just too small for that. Furthermore, invest in bitcoin at your own risk, at an amount that you can easily manage to lose. Know that volatile investments like bitcoin do not give us fixed profits, and it could be losses at some point aside from profits, so always invest within your means.

If we wanted to maximize the profit, choosing the one that gives more profit should be the choice and from the option, Bitcoin investment gives way more possibility to earn more money than banking investment so I would choose Bitcoin investment.

Time-wise and profit-wise, Bitcoin gives more, especially at the current phase of the Bitcoin cycle where the bull run is almost at the door.  Choosing Bitcoin will definitely give the more profitable venture of the two.  Forget banking investment and all-in in Bitcoin investment for maximum profitability.

I don't think putting all my money in bitcoin is a good idea. If investing in bitcoin is definitely profitable, as you say, then I don't just use all the money I have. I will borrow from the bank and even sell all my assets to invest in bitcoin because the profit bitcoin brings is many times the bank interest rate. But things are not so simple, high returns come with high risks.

We are approaching the halving, and everyone expects the bull season to come after that. But just hope and prediction, no one can guarantee it will happen 100%. Honestly, it would be a bad idea to invest it all in bitcoin. It's gambling, not investing.

[AmoreJaz]

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?

No need to chose actually. You could invest both in bank and bitcoin if you want. But make sure that you won’t put big amount of money sleeping in your bank account, their interest are just too small for that. Furthermore, invest in bitcoin at your own risk, at an amount that you can easily manage to lose. Know that volatile investments like bitcoin do not give us fixed profits, and it could be losses at some point aside from profits, so always invest within your means.

that is true, if you have the means, you can very well put aside money in both. we all know that it is more of security purpose why we are depositing in a bank, not because of the interest as it is negligible in amount. when it comes to bitcoin, we are hoping that it will give higher return if we are lucky with the price increase. the good thing about depositing in a bank is that we are secure that when we wake up next day, our money is still intact, whereas, with btc, it depends on how the market behaves and when will you cash out.

[Sanitough]

I would prefer to save my money in bitcoin for long term, the key word being long term. Bitcoin is a volatile asset, so if it’s money I may need anytime soon then I would be a good idea to save it in the bank. Saving money in the bank isn’t an investment, the primary function of the banks is to protect customers money and give loans to customers when needed.

That’s it. You could save a good amount of money in a bank while you are still investing with bitcoin in the long term. But my advice is that never invest all your hard-earned money, let half of it becomes your personal savings and save for emergency funds as well, and maybe half of it is for your investment. As for investment, do not just focus on bitcoin but learn to diversify too. Invest in gold and stocks as well, but put a bigger portion for bitcoin.