Altcoins profits or bank profits, which best?

[GlacierBIT]

If you are completely confident that your investment in cryptocurrency will bring much more income than modern banks, then you should think about the risks, you can lose everything just as easily as you can gain it. Nerves are usually more expensive, depositing in banks will give you confidence in the future. In any business, you need to carefully analyze the investment object.

[Volimack]

Banks are definitely safer places than altcoins. Banks are stable there is no risk there is no reason for the money to be less or more. But the crypto market is not stable and the investment here has to be carried out keeping in mind the risk. Money deposited in the bank has the belief that the principal will remain the same. But if the altcoin coins are not good then it will bring high risk and it will be difficult to recover.

[Y3shot]

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).

It depends on the altcoin you choose to make profit. Altcoins like Ethereum and BNB I will prefer to invest to make profit in this altcoin than keep my money in the bank which I know money in the bank don't bring profit instead the money can lose value keeping it in the bank for long time. Altcoin like like Ethereum and BNB are profitable that I'll always prefer to invest in. Instead of me investing in altcoins I'm not sure about I will prefer to leave money in bank even if it lose value I know I'm not losing it all.

[Tigerheart3026]

altcoins will never give you profit always even loss possibility is more than high than profits. and there no profit limitation but in the banks they will give exact profit likes 3% to 7% annual in my country's bank although i don't know it's increase or not in 2024. banks profit is very low compared altcoins, but in the bank there are no risk.

[Fredomago]

altcoins will never give you profit always even loss possibility is more than high than profits. and there no profit limitation but in the banks they will give exact profit likes 3% to 7% annual in my country's bank although i don't know it's increase or not in 2024. banks profit is very low compared altcoins, but in the bank there are no risk.

Yeah, there's no limitation in terms of alt coins potential profits, though there are risk that you needed to handle as there's also no assured thing in investing inside alt coin project, you need to be more focus in finding the right asset to invest and have a proper expectations in terms of the time frame that you'll going to have for you to be able to catch up with the money that you aiming to earn, give everything time and deeper study as it can really bring decent benefits.

I get your point in terms of bank stable offer, apy is too small but if you are not a fan of taking big risk and you just wanted to save your money with some small growth you can use the venue to invest and wait for that growth each year that the bank distribute your earnings.

[Luffygroove]

I believe there's a good explanation why investing in cryptocurrencies is so common these days. There's a potential we'll make more money in cryptocurrency if we compare it to a bank's profit, of course. Why? There are some risks to be aware of, even in the bank. It seems obvious that we will profit more from cryptocurrency than from putting it in the bank because the risk is bigger. The cryptocurrency market is always active, increasing our chances of making money but also increasing our chances of losing it. Your money is genuinely invested somewhere when you store it in a bank; inflation is your biggest adversary and occasionally you can't access the money you need right away when you require a substantial quantity.

[deathcode]

I believe there's a good explanation why investing in cryptocurrencies is so common these days. There's a potential we'll make more money in cryptocurrency if we compare it to a bank's profit, of course. Why? There are some risks to be aware of, even in the bank. It seems obvious that we will profit more from cryptocurrency than from putting it in the bank because the risk is bigger. The cryptocurrency market is always active, increasing our chances of making money but also increasing our chances of losing it. Your money is genuinely invested somewhere when you store it in a bank; inflation is your biggest adversary and occasionally you can't access the money you need right away when you require a substantial quantity.

save enough money in the bank. at least for savings and reserve funds for life planning. and invest in crypto to grow our finances. we can get profits from crypto, which we cannot possibly get at the bank. In terms of security and risk, the bank is better. but if you want to increase and grow your finances, then there are many altcoins to choose from.
Be wise in investing. Don't use all your money in bank savings to invest in crypto. If you do that, maybe you don't know how to invest properly.

[Ben Barubal]

   Obviously, of course, what I will answer there is that altcoins profits are also proven and tested for me. And even in most of the communities here, this is what they will say. Because most people know that the per-annum that the bank gives to their client users is very small, and the interest on the money that the bank lends is just meager compared to the percentage that they give to their clients, who trust them to put or keep money in their accounts. bank.

  Cryptocurrency is very far from the bank because, with crypto, we are really in control and we can grow or multiply our money depending on our hands and the knowledge we have in our cryptocurrency trading career as well.

[Fredomago]

   Obviously, of course, what I will answer there is that altcoins profits are also proven and tested for me. And even in most of the communities here, this is what they will say. Because most people know that the per-annum that the bank gives to their client users is very small, and the interest on the money that the bank lends is just meager compared to the percentage that they give to their clients, who trust them to put or keep money in their accounts. bank.

  Cryptocurrency is very far from the bank because, with crypto, we are really in control and we can grow or multiply our money depending on our hands and the knowledge we have in our cryptocurrency trading career as well.

For lucky people who experienced the benefits it's no doubt that they will choose altcoin as the mulitiplier for growth is far better than bank have to offer, though we can't remove the fact that there are people who failed and experienced big losses due to scam, what do we expect from them right? they will cry out loud choosing bank since it's stable and the risk is far smaller.

There are different perspectives in terms of experienced and understanding between the two, it's more on how you deal with your own research and how you will going to execute your plan after gaining the knowledge that you need.

[Shamm]

We can't compare altcoin profits to bank profits cause it has a big difference as we all know that once we are investing in altcoins then the risk is too high but if we are too lucky and that altcoins will rise up then a lot of money will get in profit but as I said above it is too risky that we can not say that we can get more profit everytime cause there's a time that altcoins we invented will fall. While in the bank some of them offer small interest but still we have profits.

[Dr.Osh]

We can't compare altcoin profits to bank profits cause it has a big difference as we all know that once we are investing in altcoins then the risk is too high but if we are too lucky and that altcoins will rise up then a lot of money will get in profit but as I said above it is too risky that we can not say that we can get more profit everytime cause there's a time that altcoins we invented will fall. While in the bank some of them offer small interest but still we have profits.

Yes, apart from that, looking for profits on altcoins requires doing in-depth research, and must be prepared to accept big risks if something unexpected happens. Meanwhile, bank profits have an almost constant percentage, and there is no need to do in-depth research. The most important thing is, the risk is very small. However, it all depends on how we try to use it. There are still very many people who choose bank profits over crypto, which makes this choice depend on one's circumstances. So, both are good investments depending on one's circumstances.

[MFahad]

Ok. so when you invest your money in Bank, the bank will use your money however they want and make money with them. and then give you 10% or 15% max anuallly. but bank keep your money in its custody. it controls it and you can't take it back easily without paper work.
But Good thing is Bank will give you full guarantee of your money. and whenever you want youl'll get your full money after completeing the paper work.
And when you invest your money in crypto You will be the one 100% responsible of your crypto as well as have fully control over them. you can decide where to invest them. how to divide them among multiple assets and you can earn way more than what bank gives you. of course investing in crypto bring its own risks too. but I would still prefer investing crypto rather than trusting a bank on my money.

[LastKiss]

Ok. so when you invest your money in Bank, the bank will use your money however they want and make money with them. and then give you 10% or 15% max anuallly. but bank keep your money in its custody. it controls it and you can't take it back easily without paper work.
But Good thing is Bank will give you full guarantee of your money. and whenever you want youl'll get your full money after completeing the paper work.
And when you invest your money in crypto You will be the one 100% responsible of your crypto as well as have fully control over them. you can decide where to invest them. how to divide them among multiple assets and you can earn way more than what bank gives you. of course investing in crypto bring its own risks too. but I would still prefer investing crypto rather than trusting a bank on my money.

If we know how cryptocurrencies work then it will help us to get profit since many new people in this space only become their exit liquidity. I would say if we invest in altcoin when the altcoin season ends we could end up losing our money rather than getting our profit so I would prefer to invest in the bank when the altcoin season ends. Overall cryptocurrencies still gave me the best profit so far so it's only how we use it using our experience and how to use the best momentum, as long as we don't become greedy most likely we won't lose our money easily.

[AnonBitCoiner]

We can't compare altcoin profits to bank profits cause it has a big difference as we all know that once we are investing in altcoins then the risk is too high but if we are too lucky and that altcoins will rise up then a lot of money will get in profit but as I said above it is too risky that we can not say that we can get more profit everytime cause there's a time that altcoins we invented will fall. While in the bank some of them offer small interest but still we have profits.

For this reason altcoins investment is consider as gambling the success of which will be purely based on your fortune but bank profit is not about good or bad fortune but its upto your invested amount and you will take profit according to invested percentage.

Altcoins can sometimes change your larger sum into lower and will completely change your financial status but it can also make you happy by reaching to ever higher worth. I will suggest that you should choose some best altcoins so that your wealth will be multiplied quickly but remember that your choice should be great and avoid investment in new altcoins.

[BD Technical]

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.

If you keep money in the bank, it gives you 10 percent more in a year, OK, but your entire money but one yea is worry free and there is no possibility of losing it in future.  Profit coming from your bank less is ok but you are not losing total money but if you come in a little currency ok you can make a lot of profit in one day but if you trade 1000 dollar or buy a rogaine there is no guarantee that it will increase in price.  .  So that your trust in the bank will increase or it is better to do alta with the bank, it is completely baseless but I think that currently money is kept in the bank even if the profit is low, money is kept but if you want to succeed or do something big with it, then definitely you should invest here.  must come  Hey, if you don't want to take risk or don't have that kind of mentality, it's my personal opinion for you, the rest is up to you.

[cryptoWODL]

Investing in alt coins is very risky.If we are lucky and if the altcoins we invest in go up in price, we can get huge profits at once. And when the price of alt coins goes down, we will suffer a lot.

On the other hand if we keep money in the bank and that money will give us an amount of profit or interest every year.Since investing in altcoins is risky, it is safer for me to keep money in the bank instead of altcoins. But if I talk about my bitcoin investment then I will give most priority to invest in bitcoin instead of keeping money in bank.But I would not give much priority to investing in alt coins.

[Adreman23]

I believe that people put their money in banks not necessarily for annual profits but to secure it. When you have millions, keeping it at home can be nerve wracking. Banks are designed for money to circulate, contributing to a country's economy. Having your money in the bank means they make significant profits from it, which seems a bit off. For me, its better to earn from our hard-earned money. To reduce stress, I suggest investing in Bitcoin and holding onto it for the long term. Over time, it grows, and in the end, we realize that the returns from holding Bitcoin are higher than trading or investing in altcoins. In these two, you can win or lose, but with Bitcoin, there's a high chance of winning in the long term, say 5 to 10 years of holding.

[Taskford]

We can't compare altcoin profits to bank profits cause it has a big difference as we all know that once we are investing in altcoins then the risk is too high but if we are too lucky and that altcoins will rise up then a lot of money will get in profit but as I said above it is too risky that we can not say that we can get more profit everytime cause there's a time that altcoins we invented will fall. While in the bank some of them offer small interest but still we have profits.

Yes, apart from that, looking for profits on altcoins requires doing in-depth research, and must be prepared to accept big risks if something unexpected happens. Meanwhile, bank profits have an almost constant percentage, and there is no need to do in-depth research. The most important thing is, the risk is very small. However, it all depends on how we try to use it. There are still very many people who choose bank profits over crypto, which makes this choice depend on one's circumstances. So, both are good investments depending on one's circumstances.

There's fix percentage for banks so I guess if you are a investor you might not like the return they can give to you so provably bank will not be a good option since imagine you hide your money there for long time but the inflation rate of the world rise so at the end you still lose since the purchasing power of your money decrease that's why we need to think about that more wiser. Although there's really low risk for this but its not really worth it.

Compare if you invest in altcoin where there's a chance that you can enjoy a lot of profit for investing on multiple coins out there but we need to be careful regarding on decision since there are many circumstances that really need to consider. So if we want to get a profit from investing on altcoins we should be more smart and aware on any possible changes of the market.

[speeder]

Basically it is possible to earn more profit in altcoin investment than in banks. But the risk of losing money in alt coins is also very high. Altcoins can never provide the security of capital that a bank can provide. Even if the profit in the bank is low, there is security of money. If you want to earn more profit by investing then you should choose altcoin investment. Because as much as altcoins can make profits, a bank never can. But you need to invest in altcoins at your own risk.

[Essential10]

Investing in alt coins is very risky.If we are lucky and if the altcoins we invest in go up in price, we can get huge profits at once. And when the price of alt coins goes down, we will suffer a lot.

On the other hand if we keep money in the bank and that money will give us an amount of profit or interest every year.Since investing in altcoins is risky, it is safer for me to keep money in the bank instead of altcoins. But if I talk about my bitcoin investment then I will give most priority to invest in bitcoin instead of keeping money in bank.But I would not give much priority to investing in alt coins.

Yes I agree with you, investing in alt coins can make you lose money. There are thousands of coins in the market, it's hard to predict exactly which coin will pump huge, you might not be so lucky if you invest there. But you are the top altcoin on the market for example Ethereum, BNB, SOL can keep an eye on coins.
 
I think Keeping money in banks is safe as all banks are controlled by the central bank. Keeping money in the bank will pay you dividends as a fixed percentage. But if you invest in bitcoins or top altcoins you can get more profit from the dividends given by the bank. To me banks, Bitcoin or the top altcoins both seem safe in the sector. You keep your money where you feel comfortable.