Bitcoin or banking investment?

[Cryptmuster]

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.

In many countries, the state guarantees to return only a part, a certain amount, and no one will return everything that is lost above it. In addition, there are situations when a depositor simply cannot withdraw his money from the bank, remember the recent story with depositors in China, this is far from the only case and not only in China.

Therefore, you can keep some amount in the bank (which you are not afraid to lose), or you can afford to go without it for a long time. Try to make sure that you can have access to your money when you need it, so that you do not depend on anyone.

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1715509392

[retreat]

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?

Between Bitcoin investment and banking it has its own advantages and disadvantages, but I personally choose to use both of them to diversify my investments. Because keep in mind that when you put your investment in one basket your risk of losing will be much greater. But when you diversify, your chances of losing are much smaller. Moreover, investing in Bitcoin tends to be more unstable than what is offered by banks, so investing in a bank is only for a backup investment, if you lose on a Bitcoin investment you still have other investments running in the bank.

[Blitzboy]

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?

Between Bitcoin investment and banking it has its own advantages and disadvantages, but I personally choose to use both of them to diversify my investments. Because keep in mind that when you put your investment in one basket your risk of losing will be much greater. But when you diversify, your chances of losing are much smaller. Moreover, investing in Bitcoin tends to be more unstable than what is offered by banks, so investing in a bank is only for a backup investment, if you lose on a Bitcoin investment you still have other investments running in the bank.

the connection between Bitcoin's instability and banking as a mere "backup investment" might be a bit tenuous. Its interesting that you called the banking investment "shitty," but also count on it as a safety net. The logic seems somewhat contradictory, doesnt it? Banks traditionally offer stable, though lower, returns and can serve as more than just a backup.

The bigger picture here could be a well-rounded investment strategy that makes use of Bitcoin's potential for high growth, mixed with the relative stability of banking investments, termed here as "shitty banking." But, to see banking solely as a backup might not give it the due credit for what it can add to an investment portfolio.

[Oneandpure]

Between Bitcoin investment and banking it has its own advantages and disadvantages, but I personally choose to use both of them to diversify my investments. Because keep in mind that when you put your investment in one basket your risk of losing will be much greater. But when you diversify, your chances of losing are much smaller. Moreover, investing in Bitcoin tends to be more unstable than what is offered by banks, so investing in a bank is only for a backup investment, if you lose on a Bitcoin investment you still have other investments running in the bank.

Personally, more advantage when holding money in Bitcoin than banking investment, when deposit fund in banking account as investment we get rule not available unlock until ended of time period and profit interest around 8% until 10% every year. Its seems very small amount of profitable than hold in Bitcoin, but another advantage with banking investment never get risk with our capital drop values than Bitcoin investment has opportunity when price dropping.

I don't doubt for choosing and priority with hold my fund in bitcoin than saving as banking investment with small profitable earn every year. I think when using banking investment of our money cannot cover the inflation rate that will occur in the next two or four years according to the duration of the deposit we choose.

[coinerer]

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 banks has less risk but investment in Bitcoin has more risk.  But banks pay 5-10% interest every year but Bitcoin is able to pay several times profit every year.  On the other hand, if you keep money in the bank, the principal amount remains as stable.  But if you invest in Bitcoin, its price may drop a lot and thus there may be high loss but there is no loss in case of banks. So if you can afford to take risk then you can invest in bitcoin but if you want risk free investment then bank is safe for you.  So it depends on you