Bitcoin or banking investment?

[yohananaomi]

Bitcoin is the most stable and valuable cryptocurrency, and Bitcoin transactions do not require the use of intermediaries such as banks or financial organizations. I prefer to invest in Bitcoin since financial institutions have begun to offer Bitcoin investment services to their clients. Why invest in a bank when Bitcoin is available, which makes it more secure than a bank?

all clearly cannot avoid saying that bitcoin is a renewable technological advancement for investing, where development is very fast and preferred because it is clearly very profitable. You are right, if you compare any products issued by banks it is clear that investing in bitcoin is much more promising. but it must also be understood that there are still many banking products that are still needed and even still in use because not many can accept bitcoin for all transactions, because there are restrictions from the government.
if indeed in a country that has legalized bitcoin for transactions, of course bitcoin is the best choice.

[fredericktaylor]

Bitcoin is a digital currency that works by blockchain technology. Its price may fluctuate with in short of time. Bitcoin is an alternative investment system and has gained popularity among people. Many people believe Bitcoin has higher returns, but it also carries higher risk than banking investments.

On the other hand, banking investments are usually savings accounts, or deposits or bonds etc. Bank offer less risk than Bitcoin, but may also offer lower returns.

Whether to invest in Bitcoin or banking is entirely up to you.  Bitcoin is suitable for those who can take high risk and make long-term investment decisions. For those who want to take less risk, banking investment system is very good .

Whatever platform you decide to invest in, always consult with a qualified investment advisor. They will provide personalized guidance based on your specific income or financial situation and investment goals.

[bluedeep]

Bitcoin is the most stable and valuable cryptocurrency, and Bitcoin transactions do not require the use of intermediaries such as banks or financial organizations. I prefer to invest in Bitcoin since financial institutions have begun to offer Bitcoin investment services to their clients. Why invest in a bank when Bitcoin is available, which makes it more secure than a bank?

I think there is a big difference between investing in a bank and bitcoin. If you keep money in the bank it never decreases and you get a fixed profit every month. You will get profit on the money you invest. And if bitcoin price goes dumping you will lose a lot of money you invest. So I think there is a big difference between investing and keeping money in bank.

[Texac]

Bitcoin is the most stable and valuable cryptocurrency, and Bitcoin transactions do not require the use of intermediaries such as banks or financial organizations. I prefer to invest in Bitcoin since financial institutions have begun to offer Bitcoin investment services to their clients. Why invest in a bank when Bitcoin is available, which makes it more secure than a bank?

I think there is a big difference between investing in a bank and bitcoin. If you keep money in the bank it never decreases and you get a fixed profit every month. You will get profit on the money you invest. And if bitcoin price goes dumping you will lose a lot of money you invest. So I think there is a big difference between investing and keeping money in bank.

it cannot be said that investing in bitcoin is better than investing in banks. but also, it is not safe to invest in a bank, your money will never decrease, but its value will decrease, I mean, inflation is increasing every year, and with the interest that the bank pays, you will not have enough to cover losses when inflation eats away at your money.  While bitcoin can be highly profitable, there is also a huge risk that if the market has bad news, the value of bitcoin will drop a lot.  and if we need the money urgently, we won't be able to use it.

[nesty]

For me i would choose both Bitcoin and banking investment. Both have different advantages and disadvantages, and the choice would really depend on your financial goals and risk tolerance. Bitcoin is a decentralized digital currency that operates on a peer to peer network without the need for intermediaries like banks. Advantage of bitcoin is that it offers potential for high returns due to its volatile nature. This also means investing in bitcoin carries a high level of risk, as its value can fluctuate rapidly and unpredictably. For Traditional banking investment it is considered more stable and less risky than bitcoin. Banks offers different kinds of services like savings accounts, credit cards, mutual funds etc. It can provide a steady returns over time. Investments in bank typically offer lower returns compare to bitcoin. I choose to invest in both because i have financial goals on both investments.

[petulino]

For me i would choose both Bitcoin and banking investment. Both have different advantages and disadvantages, and the choice would really depend on your financial goals and risk tolerance. Bitcoin is a decentralized digital currency that operates on a peer to peer network without the need for intermediaries like banks. Advantage of bitcoin is that it offers potential for high returns due to its volatile nature. This also means investing in bitcoin carries a high level of risk, as its value can fluctuate rapidly and unpredictably. For Traditional banking investment it is considered more stable and less risky than bitcoin. Banks offers different kinds of services like savings accounts, credit cards, mutual funds etc. It can provide a steady returns over time. Investments in bank typically offer lower returns compare to bitcoin. I choose to invest in both because i have financial goals on both investments.

It's okay not to keep all your investments in Bitcoin, always diversify your investments. Just as there is risk of loss due to high volatility in the price of Bitcoin, the profit margin due to volatility is also higher , but this does not mean that people will leave the banking sector  and start all their investments in Bitcoin.

Investment in the bank gives you a lot of offers which are quite helpful in day to day use. Bitcoin investment is a long-term investment whereas banking system is something you need in your daily life and all the time. both are very important in our daily life but still less people are aware of Bitcoin compared to Bank. It is the responsibility of all of us to create awareness and inform people about Bitcoin.

[Mr. Magkaisa]

    -   Now that I know about Bitcoin or cryptocurrency, obviously I prefer to put my money in Bitcoin and not in the bank. Money can only be saved, why only with low profit when there is something else that can grow money a lot and that is bitcoin. Although there is also a risk in banking, especially if there is a problem with inflation in each country.

Bitcoin is proven and tested when it comes to long-term investment and there is a lot of profit here, although the risk associated with it is its volatility, but for me that's okay.

[Blitzboy]

For me i would choose both Bitcoin and banking investment. Both have different advantages and disadvantages, and the choice would really depend on your financial goals and risk tolerance. Bitcoin is a decentralized digital currency that operates on a peer to peer network without the need for intermediaries like banks. Advantage of bitcoin is that it offers potential for high returns due to its volatile nature. This also means investing in bitcoin carries a high level of risk, as its value can fluctuate rapidly and unpredictably. For Traditional banking investment it is considered more stable and less risky than bitcoin. Banks offers different kinds of services like savings accounts, credit cards, mutual funds etc. It can provide a steady returns over time. Investments in bank typically offer lower returns compare to bitcoin. I choose to invest in both because i have financial goals on both investments.

Bitcoin or the good old bank? Seems like you're straddling the digital and traditional worlds! But envisage a scenario where crypto is king, and you're still attached to old-school banking investments. A bit crazy, right? Bitcoin - you've heard of the saying, no risk, no reward! The absence of middlemen, the freedom in the digital monetary space—feels like breaking free from traditional financial chains, no?

While I get the appeal of the solid ground that banking offers, always remember, smaller risks yield smaller gains! Is that a trade-off you can swallow? Choosing to spread your investment over both? Well, that’s a smart, measured move! Yet, don't you think Bitcoin's towering growth potential far overshadows the incremental yields of traditional banking investments?

[Z_MBFM]

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?

Investment in bank is safer than Bitcoin but the profit from investment in bank is very less and if you invest in bank it takes 12-13 years for the money to double.  But if you invest in Bitcoin it is possible to make 2x-3x money in 1 year.  So I think to keep pace with that digital world we need to focus more on digital currency.  So bitcoin investment will be much better than bank investment

[rojan]

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?

Investment in bank is safer than Bitcoin but the profit from investment in bank is very less and if you invest in bank it takes 12-13 years for the money to double.  But if you invest in Bitcoin it is possible to make 2x-3x money in 1 year.  So I think to keep pace with that digital world we need to focus more on digital currency.  So bitcoin investment will be much better than bank investment

Yes if Bitcoin can be invested at the right time we can get good amount of profit within one year. But if money can be kept in bank then we will not get much profit. So if we want to get good amount of profit then we have to invest Bitcoin. If we keep the money in bank.  In this way, our money will be safe. If we invest Bitcoin with this money, then our money will be at risk. The market of Bitcoin fluctuates sometimes, so our money will be at a little risk.

[Iadegbola34]

Personally, I'd go for a mix of both. Bitcoin can be risky but offers high returns, while banks are safer but have lower interest rates. So, I'd put some money in Bitcoin for potential growth and keep the rest in a bank for stability and easy access. It's about finding the right balance that suits your goals and risk tolerance. But hey, I'm not a financial advisor, so it's always good to seek professional advice too!

[shivansps]

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?

Depending on which bank and in which country you live. Private bank or state. A lot depends on this.
We should to understand what the goals you want to achieve. If you want to invest in long time, I'd say that bitcoin is better, than bank. If you need to save your money for a short time, maybe the reliable bank would be better, because bitcoin price can be grow or fall and we don't know it for sure. So, we need to know your aims, a lot depends on it.
Neither bitcoin nor bank not will reliable for 100%. Both have their downsides. The bank may go bankrupt and the volatility of bitcoin has not been canceled
It's just my point of view.

[Bebe22]

Both investment options are profitable. Although, as they have their pros, they also have their cons, like how Bitcoin is risky and money saved in the bank can still be affected by inflation when inflation increases more than the interest on the amount saved. I'd pick Bitcoin though but I wouldn't advise anyone to lean solely on it. There are a lot more valuable assets an individual can own.

[EFS]

I don't understand this type of threads in this forum. We choose Bitcoin because we don't trust banks and governments. One day they may confiscate all your money and you can't do nothing about it. You can't even withdraw your own money without letting know the bank one day beforehand. You better put your savings in your cold wallet if you want to control your own money.

[passwordnow]

Bitcoin.
I am not sure if someday these news will happen to the local banks that I can choose to keep my money.

Lebanese cannot access money in banks since late 2019
Unrest, Protests In China As Banks Stop Customers From Withdrawing Money From Their Accounts

That's why bitcoin works perfectly as both. As an asset and as our own bank for which we can withdraw it anytime we want from our wallets.

[piercekieran99]

I can say both Bitcoin and banks have their pros and cons, and there's no one size fits all answer. It's all about finding what aligns with your financial goals and risk appetite, gl dude.

[Dimitri94]

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?

Bitcoin is considered better or suitable investment that will largely depend on an investor's perspective. It is common for someone else to consider something negative or positive. But if one does not deny the possibility and reality of the future, then surely he will give importance to Bitcoin.

Bitcoin is a cryptocurrency that is completely decentralized. which has no control. In the traditional system the bank is controlled by the central bank or the government of that country but Bitcoin is not controlled by anyone. An investor is completely safe in this case. It is a great tool to protect against inflation. Bitcoin has good acceptance in the world, so there is a chance to get high returns if someone invest.

Normally for money transfer a bank requires the help of a third party which is not required in Bitcoin. However, the positives are mixed with some negativity. But overall I think Bitcoin is better than bank investment.

[Odusko]

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 an investment? Bitcoin or bank! What's your reason?

Bank savings is not an investment unless you have your entire  balance in a fixed saving plans and left untouched for a long period of time to generate certain percentages that are minimal around 10% to 15% highest.
So that can't be compared to Bitcoin which is an asset that has high volatility and in most cases it chart has moved in a particular direction that has perceived to be more up trend than a downtrend and what that mean is that the possibility for Bitcoin to make uptrend price movement is higher than the possibility of decline lose price. So ultimately Bitcoin is a more favorable investment tool compared to bank savings

[rikybrosh]

don't forget about inflation. although you get little percentage of interest but you cannot avoid the inflation as long as your fund is in form of fiat. it is just my personal opinion but I don't really feel the risk of investing in bitcoin. before I  become a day trader I just a long term bitcoin holder. Sometime I put some amount of my btc in local exchange and leave it for 6 to 12 months and there is nothing bad that happen. I just see my money value grow.

[Xampeuu]

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 an investment? Bitcoin or bank! What's your reason?

Bank savings is not an investment unless you have your entire  balance in a fixed saving plans and left untouched for a long period of time to generate certain percentages that are minimal around 10% to 15% highest.
So that can't be compared to Bitcoin which is an asset that has high volatility and in most cases it chart has moved in a particular direction that has perceived to be more up trend than a downtrend and what that mean is that the possibility for Bitcoin to make uptrend price movement is higher than the possibility of decline lose price. So ultimately Bitcoin is a more favorable investment tool compared to bank savings

of course when talking about investing in bitcoin it is more profitable than keeping it in a bank, an increase in bank interest rates is nothing more than an increase in inflation that occurs, but by investing in bitcoin, the increase in value is many times more than the inflation that occurs. therefore, while bitcoin has not been used by many people, the opportunity to invest is very large, moreover, bitcoin adoption is growing and that is the opportunity we should take advantage of