Bitcoin or banking investment?

[Bd officer]

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

I chose Bitcoin. Because in the country where I live, inflation is increasing day by day. So at this time I think it is better to invest in bitcoins than keeping money in our country's bank. Investing in Bitcoin can protect against inflation. So I invested in Bitcoin considering all aspects.

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[Haunebu]

It's a pretty simple choice for me. BTC! Because I like popular cryptocurrencies like BTC, USDT etc way more than traditional FIAT currencies and I am prepared to take higher risks in this case.

I would store them in secure hardware wallets like Trezor etc instead of leaving them in exchanges.

FIAT is more secure for sure and you stand to earn stable interest in the long-term, but popular cryptocurrencies like BTC could potentially help you earn way more as long as you know what you are doing.

[AmoreJaz]

It's a pretty simple choice for me. BTC! Because I like popular cryptocurrencies like BTC, USDT etc way more than traditional FIAT currencies and I am prepared to take higher risks in this case.

I would store them in secure hardware wallets like Trezor etc instead of leaving them in exchanges.

FIAT is more secure for sure and you stand to earn stable interest in the long-term, but popular cryptocurrencies like BTC could potentially help you earn way more as long as you know what you are doing.

this depends on the user himself. banks can give you assurance that your fiat money won't disappear overnight. but the interest is almost negligible. the reason you will be storing your funds in the banks is for security purposes only not because you are aiming for the interest that it may earned. however, if you want a more thrilling action, you can explore your options with bitcoin or other alts. however, you should know the risks involve because the price movement here is very fast. so if you are looking for long-term, you should opt for top alts esp btc. this question is appropriate for crypto holders. because those noncrypto users, won't bother about btc market as for them, they feel safer to have their money inside the banks.

[rojan]

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.

I always prefer to invest in bitcoins because I think investing in bitcoins is safe. Investing in bitcoins will never cause inflation. So I prefer investing in bitcoins than keeping money in banks. Keeping money in banks can cause inflation.  So I don't keep money in bank. But I have made good money by investing in bitcoins. I invest at right time and sell bitcoins at right time. I get good amount of profit every month.

[EarnOnVictor]

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

Let me discuss this as an investor and not a random person, both (Bank and Bitcoin investments) could be useful if planned rightly. Although if you are the type that knows how to speculate on Bitcoin very well, you might be able to hold the Buy and Sell positions on your wallet and spot platform interchangeably depending on the trend of the market. By doing so, you will amass a lot of money in just a year. But if you are such that would pump and hold only, then both Bank and Bitcoin investments are what I advise together, only that you would be wise with the investments.

You can see that there is no general approach to this, there are times that Bitcoin will perform well and the investment would worth it (strong bull run moments and season of long-term bullish trend) and there are times that Bitcoin will frustrate your investment (long-term bearish trend). As an investor, one could invest in Bitcoin during the strong bull run season that is long-term, and invest in the bank or elsewhere during the long-term bearish trend.

After all, this is a win-win approach.

[kro55]

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.

I always prefer to invest in bitcoins because I think investing in bitcoins is safe. Investing in bitcoins will never cause inflation. So I prefer investing in bitcoins than keeping money in banks. Keeping money in banks can cause inflation.  So I don't keep money in bank. But I have made good money by investing in bitcoins. I invest at right time and sell bitcoins at right time. I get good amount of profit every month.

In my opinion, we invest in bitcoin to hedge against fiat devaluation and seek wealth, but not really we are looking for the safety of investing in bitcoin. Investing in bitcoin is risky and there is no guarantee that it will always be profitable for everyone, I would doubt it if someone claimed bitcoin could give them a monthly profit.

@rikybrosh: you were wrong in deciding to invest in bitcoin to avoid the potential risks of depositing money in a bank, but you chose to keep your bitcoins on centralized exchanges for such a long time. Is that any different than you depositing money in the bank?

[Peanutswar]

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?

One instance is inflation once you store your money in those banks, they give you a below 3% annual rate of interest that takes a lot of time and needs tons of money to feel the profit, additional is inflation if you invest your money in banks sooner or later the price of the goods goes up but your money still as is in the bank, instead of the cryptocurrency or the bitcoin investment you have the chance to gain profit due to market volatility but of course more way risky than the stable investment with the centralized banks. Your choice willing to risk or not still at the end of the day both sides have cons.

[dlightag]

When it comes to financial sector, has to deal with mindset, knowledge and information one need to invest through Bank or Bitcoin platform, which is the reason why many people choose Bank and see Bitcoin as a risky business (Investment), because them no have the knowledge, but rather them prefer saving there money in the bank, because of lack of knowledge and relevant information can change someone life as long have the patience to hold for a long term.

[Smack That Ace]

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?

One instance is inflation once you store your money in those banks, they give you a below 3% annual rate of interest that takes a lot of time and needs tons of money to feel the profit, additional is inflation if you invest your money in banks sooner or later the price of the goods goes up but your money still as is in the bank, instead of the cryptocurrency or the bitcoin investment you have the chance to gain profit due to market volatility but of course more way risky than the stable investment with the centralized banks. Your choice willing to risk or not still at the end of the day both sides have cons.

Everything has advantages and disadvantages, why don't we diversify but just compare to choose 1 in 2, while no one forbids us to use both? Bitcoin for investments and banks for savings and daily living expenses. That's what I did, and it worked pretty well for years. Although depositing money in the bank is like we are burying our own money because over time inflation is depreciating our currency. But there's no denying that having savings in the bank will help us in emergencies, as bitcoin doesn't always turn out to be profitable for us.

[Farma]

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?

for now, in terms of investment, I'm still focused on crypto, which means, I prefer to tend to invest in bitcoin rather than saving money in the bank and taking advantage of the interest.
As you said, bank interest has a very small percentage, but also has a small risk. While the percentage of profits offered by bitcoin is far greater than bank interest, but with great risk. Currently, I still have several businesses that need to be developed quickly, and need funds, so I choose to take risks by tending to invest in crypto, especially bitcoin, compared to banks. I think many people take advantage of bank interest when they are truly successful, or have achieved financial freedom. they only take advantage of the benefits of bank interest to meet the needs of their lives.

[Rockstarguy]

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 don't see any risk in bitcoin if investing is a long-term investment,  this is something one has to make up the mind to just hodl knowing that after sometime profit can be achieved.  This is better than keeping money in the bank for a longtime which the value of the money will eventually depreciates.  Bitcoin is the best investment to go for in terms of value,  freedom.  

It is less stressful to make investment in bitcoin.  Bank investment is never good investment for financial stability because of loss of values no good profits can be earned,  it is certain keeping money in the bank will always be a loss in value.

[Woodie]

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.

I don't think we have many people investing in btc or cryptocurrencies as many people out there still see a lot of grey areas that still need to be polished up.

Btw unlike the crypto industry,  the banking system is well rooted and this took alot of years for this industry to be well established and I don't think the banking system will be sidelined either...if investing in crypto today requires you to have a bank card or bank account, this still says that the banking systems are still superior in spite of the financial freedom, low transaction fees you name it that crypto has to offer! Instead of trying to separate the two, I think let both coexist!!!

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

Both systems work for me, as at times one of them turns out to be less useful because some people aren't in the know of cryptocurrencies and it's best to be prepared for such inconveniences, so I prefer both

[Twentyonepaylots]

Everything has advantages and disadvantages, why don't we diversify but just compare to choose 1 in 2, while no one forbids us to use both? Bitcoin for investments and banks for savings and daily living expenses. That's what I did, and it worked pretty well for years. Although depositing money in the bank is like we are burying our own money because over time inflation is depreciating our currency. But there's no denying that having savings in the bank will help us in emergencies, as bitcoin doesn't always turn out to be profitable for us.

I agree with this. Both have pros and cons, and it is a matter of our personal goals and risk tolerance. Bitcoin, as a decentralized digital currency, offers the potential for high returns but also comes with significant volatility and potential for losses. While investing in a bank can offer more stability and security but may come with lower returns. As for me, I have both Bitcoin and banking investments. But as of now, I am still in the process of learning Bitcoin and trading. That is why a bigger portion of my money is in banking investments, as I still prioritize the security of my savings.

The decision varies to the individual's financial situation and other considerations. Either bitcoin or banking investment, both decisions should be weighed to make an informed decision.

[Mame89]

The money is a piece of paper written on the bank. Whether you want to keep it or not, the money belongs to the bank. Set as the bank wants. However, when a crisis occurs, it is the government that must be responsible, aka debt, to cover bank losses. The bank always wins. Currently it is not safe to keep money in banks, it is very risky, especially since the Fed raised interest rates to maintain excess liquidity due to the Great Stimulus of up to 1.9T US$, capital outflows can occur, this is the reason Deposits in banks are at risk at this time if we don't look at policies Fed.

Therefore the choice of Bitcoin investment is a wise choice in the long term because so far bitcoin has seen a lot of potential and experienced enormous growth. In addition, bitcoin is a currency that is still in its infancy so that the world is currently competing to slowly adopt it, which will eventually create a positive market, of course creating good investment opportunities in the future.

[laurenB7742]

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..But as of now, I am still in the process of learning Bitcoin and trading. That is why a bigger portion of my money is in banking investments, as I still prioritize the security of my savings.

The decision varies to the individual's financial situation and other considerations. Either bitcoin or banking investment, both decisions should be weighed to make an informed decision.

Many people will think that is stupid because leaving money in the bank will only cause your money to depreciate over time. But I will agree with you what you are doing, I will also prioritize my safety before thinking about making a profit. For me, if we can't keep money, don't expect to make money by money.

Indeed, we should only invest and trade bitcoin when we really understand it, there is no need to rush to invest with an empty mind. That won't make money make more money, on the contrary, it will make us lose it faster than the devaluation caused by inflation.

[tokyohd]

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?

In my opinion, investing in a bank is a more safer and older system than investing in Bitcoin. Otherwise just as there is high risk involved in Bitcoin investing, there is also the potential for high returns!
Actually there is no right answer to whether Bitcoin or banking investments are better. The choice depends on your risk tolerance, investment goals, and overall financial situation.

[Wimex]

The choice between these two options will depend on the person's risk profile and financial goals… If you are looking for high-risk, high-return opportunities, you might consider investing a small portion of your funds in Bitcoin. On the other hand, if you are looking for stability and let's say a certain degree of security, you could opt for banks and traditional financial products. I personally like the idea of Bitcoin better as it can offer high return opportunities due to market volatility… and although for many people this volatility also means there is significant risk of loss, for me it represents a higher risk appetite, which could be reflected in higher profits... Also, the returns on savings accounts or certificates of deposit they are usually low compared to the potential gains from riskier investments like Bitcoin.

[Bitcoin_people]

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?

Currently people prefer to invest in bitcoins rather than investing in banks even though bitcoins are risky they still hold it with faith. But I believe that investing in Bitcoin is better than investing in a bank and there is not as much risk in Bitcoin as in a bank. We have seen many banks go bankrupt around the world where many people have lost money and in the country where I live the banking situation is not very good. So now I think it is more convenient to invest in bitcoins than investing in banks, because investing in bitcoins will definitely give you better profits and there is less fear of losing money. Although the bank gives interest, but the bank gets most of the profit from this, but the profit comes according to the percentage of the person who invests, but I noticed that it is much better to sell with that money than to keep the money in the bank. Because if the money that is kept in the bank is invested in Bitcoin, then after a long time when the market will grow again, it will be possible to get a lot of profit. So I always like to invest in virtual currency and investing in bitcoins, but I think futures are possible and bitcoin investment is not risky.

[CryptoBuds]

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?

Currently people prefer to invest in bitcoins rather than investing in banks even though bitcoins are risky they still hold it with faith. But I believe that investing in Bitcoin is better than investing in a bank and there is not as much risk in Bitcoin as in a bank. We have seen many banks go bankrupt around the world where many people have lost money and in the country where I live the banking situation is not very good. So now I think it is more convenient to invest in bitcoins than investing in banks, because investing in bitcoins will definitely give you better profits and there is less fear of losing money. Although the bank gives interest, but the bank gets most of the profit from this, but the profit comes according to the percentage of the person who invests, but I noticed that it is much better to sell with that money than to keep the money in the bank. Because if the money that is kept in the bank is invested in Bitcoin, then after a long time when the market will grow again, it will be possible to get a lot of profit. So I always like to invest in virtual currency and investing in bitcoins, but I think futures are possible and bitcoin investment is not risky.

I support you in saying that investing in bitcoin or any other investment is better than depositing money in the bank. But I will disagree when you exaggerate that investing in bitcoin is risk-free. How can an investment yield high returns without risk? “The higher the return, the higher the risk”, and “invest only with what we can lose”. Have you forgotten all about it? Not only with bitcoin, but any investment or business that can be profitable will also have certain risks.

[Chris314]

Banks are safer, and in some countries deposits are guaranteed by State, even if the bank closes. So first or essential investment (in order to save money for a life project for example) should be in a bank account.
Then, if you want to invest more, cryptos offer better earnings, but with the risk of losing more capital. So don't invest in cryptos what you can't afford to lose.