Altcoins profits or bank profits, which best?

[shushu9977]

Though crypto is risky, I invest in crypto. Because it gives me a lot of profit. But first of all, you should know about crypto very well and vast knowledge about crypto market. Bank is very slow profit which is not shine in life by this way.

[1715323345]

1715323345

[1715323345]

1715323345

[1715323345]

1715323345

[AnonBitCoiner]

I think that bank profit is better as compared to alt coins because with altcoins your money will be at risk because crashing of altcoins can happen anytime. In bank if your money is not increasing then surely there will also be no decrease or no disappearing mechanism but investment of altcoins can make you distress and even some time it will make you disappointed.

Although bank cannot offer you larger and quick profit but altcoins can give you quick profit but this quick profit is not always possible. There is a greater volatility with altcoins whereas money saving in the bank is without volatility. Everyone has different suggestions and point of views but I will prefer bank saving rather than saving in altcoins.

[Makus]

Despite the fact that I don't do altcoins or recommend then to any one, I still won't choose fiat bank investment over crypto, no the rates or return a fiat bank gives, its still nothing compared to some altcoin, and mind you I meant some altcoin which means, some are worthy while others are not, though I might be difficult to know all the worthy and unworthy altcoin to play with. With time and patients crypto has always shown its greater than fiat bank investment, when making some altcoin investment all you need is good patients,

[Makus]

Despite the fact that I don't do altcoins or recommend then to any one, I still won't choose fiat bank investment over crypto, no the rates or return a fiat bank gives, its still nothing compared to some altcoin, and mind you I meant some altcoin which means, some are worthy while others are not, though I might be difficult to know all the worthy and unworthy altcoin to play with. With time and patients crypto has always shown its greater than fiat bank investment, when making some altcoin investment all you need is good patients,

[johnsaributua]

With time and patients crypto has always shown its greater than fiat bank investment, when making some altcoin investment all you need is good patients,

I assume you are interested in altcoins, that's a good choice. The advantage of altcoin or crypto curency is in terms of getting it, you can get something for free by joining a new altcoin, even though it is participation and waiting, not a few people get capital to save alt coins and exchange to the top 100 CMC or altcoin, it is not certain and cannot be confirmed but I myself still often get it by hunting, directly it is the advantage of altcoin and not owned by fiat. The outline of fiat is generated from physical means of exchange, if there is nothing to sell or services provided, of course there is no money to save to the Bank. If developers still provide opportunities like this I think altcoins will continue to grow and altcoins will be an additional option in between free time to increase profits or become a free routine.

[Rasa nanas]

You say constant profits by day trading in crypto but the reality is that doing so is not easy. Daily trading in crypto has more complicated techniques and analysis compared to long-term investments, and the risks involved are also much greater. You need to know that profit is not the main factor in investing because security is also a very important factor and must be considered.

[lixer]

Though crypto is risky, I invest in crypto. Because it gives me a lot of profit. But first of all, you should know about crypto very well and vast knowledge about crypto market. Bank is very slow profit which is not shine in life by this way.

I don't think that a modern-day person would prefer keeping their money at the bank for the sole purpose of getting interest on it because the percentage is extremely low and one can easily earn that much even in a month or less than that if they use investment options like cryptocurrencies or forex or stock market or anything else in general. Cryptocurrencies are the favorite of most people these days because of their volatility which provides great profit windows within short periods.

So, if there is a survey and people are asked if they would want to keep their money at the bank and keep getting interest which is about 10% for a year or invest the same amount in cryptocurrencies and have the opportunity to earn that much in a week, I'm sure that the majority will choose cryptocurrencies unless someone doesn't know anything about them but even they will get curious.

[Makus]

I assume you are interested in altcoins, that's a good choice.

I can't find any trace of word showing that I am interested in altcoin, so why assume that I am interested in altcoin when I stated clearly that, I don't do altcoin or recommend then to any one. The reason I choose altcoin over fiat bank investment is because, some crypto seem to appreciate in value with time and patients while fiat currency suffer from high inflation which makes it not worthy for investment. So how can i, seeing their differences go for fiat investment.

[merekamo]

Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).

For banks, most people are confident about their security. So, your capital is very safe there. Bank security is reliable, and you can sleep peacefully. But, hey, there's a trade-off. The annual profit you can expect is around 8-10% per year. Of course, this is not a big profit figure, but still think it makes more sense even if it is small. In crypro it's a different side. Just for example, if you are a smart trader, you can even get a windfall every day. In essence, you can even make a profit just by investing and holding on. It's like riding a rollercoaster, equal parts thrill and risk. But there is one thing in crypto that is completely unpredictable.

[johnsaributua]

I assume you are interested in altcoins, that's a good choice.

I can't find any trace of word showing that I am interested in altcoin, so why assume that I am interested in altcoin when I stated clearly that, I don't do altcoin or recommend then to any one. The reason I choose altcoin over fiat bank investment is because, some crypto seem to appreciate in value with time and patients while fiat currency suffer from high inflation which makes it not worthy for investment. So how can i, seeing their differences go for fiat investment.

its still nothing compared to some altcoin, and mind you I meant some altcoin which means, some are worthy while others are not, though I might be difficult to know all the worthy and unworthy altcoin to play with. With time and patients crypto has always shown its greater than fiat bank investment, when making some altcoin investment all you need is good patients,

In your reply I didn't get the expression of your altcoin holdings., you don't describe the altcoins you have, but the interest that I underline in altcoins is that you are able to understand and even recommend waiting for momentum bullish (bag holder) for those who save altcoin (I assume you understand that bullish history will repeat itself even though it is gradual and not the same), if there is no interest where can you say that, right? meaning that there is a basic knowledge of choosing crypto better than fiat. Not all interest must be in the sense of owning or being an expert in altcoins, the analogy is if 100% of the existing crypto, consists of 99% altcoins and 1% is bitcoin, even from friends may often hear in a day without accidentally learning including new altcoins, if you're not interested maybe you don't want to listen to anything about altcoins. CMIIW

[Freddie Boyer]

Though crypto is risky, I invest in crypto. Because it gives me a lot of profit. But first of all, you should know about crypto very well and vast knowledge about crypto market. Bank is very slow profit which is not shine in life by this way.

For those who are ready, the crypto world is the place to be. Sometimes people want to be safe and don't want to bother with the frenetic market fluctuations if they invest in crypto currency, so they deposit a portion of their assets in the bank for a certain period of time, even though the profits are slow compared to crypto.

If I do that, divide the money in half into the market and buy potential coins while the price is still good and then deposit the rest or place it in a more promising one.

[thefreethinker]

The both situations have their pros and cons. Banks offer stability, security and reliability but their profit sharing model is quite less attractive and the effects of inflation affects fiats investments over the cause of them, making one loose their investment value. Crypto altcoins on the other hand comes with a lot of risk ranging from security to highly negative volatility, but they comes with potentials to give one super good returns on their investment.

[gabbie2010]

Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).

Both of different investment, so risk also high in crypto but i don’t think any risk of bank investment if bank will not be bankruptcy in the future. I would like to go with crypto profits after involved in crypto, because in banks so many ruls as like i can't withdraw my money in less than one year as like that, but in crypto i can profit even in daily.

I prefers a high risk that won't involved a third party and done anonymously than risking my fund in a bank though less risky unlike crypto, however there are few cases of bank being bankruptcy and exposure of my investment in a bank to  probably my colleagues who might have a close relationship with the bank officials would have my privacy in the bank exposed unlike crypto all my investment irrespective of how huge the investment is done within the confine of home or office without any third party involvement this is a very huge advantage for me thus any day any time it's gonna be crypto investment meanwhile bank savings is just for daily home or domestic transactions.

[God bless u]

Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).

People only see one side of the picture and not the other. Bank will give 8% or 10% when we save our fund in the bank but we are not thinking that bank will gives loan to Factories, mills and other companies owner and charge 25% interest. Now the result will be more inflation in the country. Mills owner will pay high interest which he will add in goods price.

 Now If we look at the crypto staking (proof of stake) reward which we get when someone send tokens so it has no bad impact on the country inflation. Both projects and staker holder will get profit. The profit is also better than bank because we will get full payment here directly. I will prefer Crypto staking over bank system.

[nimogsm]

These two systems have many pros and cons on the forum and have already discussed this several times. In my personal experience, I have more savings in cryptocurrencies than in a bank, and at this stage it is more convenient for me.

[slashz9]

Bank investors have more certainty because there capital is completely safe but they give 8-10% annual profits to the investors of per year. But it is comparatively less in terms of profits.

On the other hand you will get constant profits from crypto as if you are experienced in trading then daily profits is possible. Otherwise you can get profits by investing. However crypto investment puts your capital at greater risk (main point).

The main point in my opinion is, people who are looking for a safe place will invest in a bank with a profit of 10%/year, usually older people do that, although not all.
while younger people prefer other things that provide more benefits, and viceversa although not all.

[vs2014]

In fact the two trends are the best for investors because the owners of large companies deposit more in banks than crypto investments. Moreover crypto investment is the best way with small amount of money and if the amount of money is more then it is the best bank investment. Moreover bank investment is higher in terms of security and the risk of your money will be higher in crypto. On the other hand you will get good profit from crypto and if forehead is good you can get rich suddenly but as bank you will get low profit also target time.

[MIner1448]

It is true that bank investments provide a more stable and secure environment with guaranteed income, but this income is usually low. On the other hand, cryptocurrencies can offer higher profit margins, especially for active traders, but they also come with higher financial risks.
But I want to tell you, there are many examples in the world where banks constantly burst and depositors lose their assets, so it depends on what country you live in.

[Fredomago]

It is true that bank investments provide a more stable and secure environment with guaranteed income, but this income is usually low. On the other hand, cryptocurrencies can offer higher profit margins, especially for active traders, but they also come with higher financial risks.
But I want to tell you, there are many examples in the world where banks constantly burst and depositors lose their assets, so it depends on what country you live in.

Correct, there's a big risk in terms of crypto profits, if you know how the business or the market works, there's a big chance that you can earn decently, while expect that not everyone can make that same run as altcoins mostly being used by scammers, you should know first what factors will affect the movements and how will you anticipate the right position to work.

while in terms of bank profits, stable as it is and more secure though chances also that it can burn your money in terms of value when the time you are already going to harvest your interest.

[shawonngp]

If i talk about the bank of my country then currently it's giving the very lowest profit because of excessive inflation of our economy. So i am not interested to bank profits if i am crypto familiar for the last many years. I agree Bank profits is guaranteed but it's question about low and very high profits matter to me.