Altcoins profits or bank profits, which best?

[Miles2006]

Despite the risks in cryptocurrency investing, I think it is currently less risky than keeping money in the bank. At present, in almost all countries of the world, many risky people who keep money in banks are now withdrawing money from banks and using it for other purposes. Especially those who are well experienced about cryptocurrencies are taking money from banks and investing in cryptocurrencies. Just don't have to have experience in trading if you hold good top cryptocurrency then you can get good success which is hundred times more profit than bank.

No matter where you put your money, there will be more or less risk, be it in banks, cryptocurrencies, or any other activity. Currently, in almost all countries of the world, the trend of keeping money in banks has increased, I don't think it is decreasing. Most people in the world don't know about cryptocurrencies. But those who know about cryptocurrencies may be investing their money in different coins. Yes if you catch the right coins you will get more profit than bank dividend. If you think you are expecting hundred times profit by investing in crypto than what you get in bank then I think you can lose your money. I don't know any crypto currency promises hundred times profit.

This should be the main reason why you ought to make your research carefully when investing, crypto is more preferable compared to fiat, if I may ask aside from making profit people still decide to hold bitcoin for future purpose, store of wealth etc, people no longer save money using the banking system cause at anytime your money can be affected by the poor economy situation but crypto price can't be affected by the poor economy, if you're talking about the choice when choosing an altcoin then you should go for the best. Fiat and crypto has nothing in common especially in aspect of profit making.

[1715360708]

1715360708

[Y3shot]

I think it doesn't makes sense to compare bank profit vs crypto profit. Banks are normally established for ensure the security of your money and gives some interest if you keep a lots of money in your bank account but that amount is very lower. On the other hand,  crypto is for investment. And here you can easily increase your money with btc,eth by investing. Even some potential altcoin can give you huge profit that you can't imagine. So of course crypto is best source for making money

Even the interest you get from the bank when you keep your money in the bank becomes nothing after sometimes , it is a big lose to leave your money in the bank because the more you leave your money in the bank it gets the depreciate. Investing money in cryptocurrency is more better than leaving it in the bank because cryptocurrency has good profit to give if only one is willing to hodl cryptocurrency.

[Sweety1985]

I think Altcoin profits is best.

[MFahad]

I think it doesn't makes sense to compare bank profit vs crypto profit. Banks are normally established for ensure the security of your money and gives some interest if you keep a lots of money in your bank account but that amount is very lower. On the other hand,  crypto is for investment. And here you can easily increase your money with btc,eth by investing. Even some potential altcoin can give you huge profit that you can't imagine. So of course crypto is best source for making money

Banks are better in security, you are right about that, unless the bank goes bankrupt which doesn't happen at all times. If we talk about profits, as you mentioned, banks aren't investment firms even if they offer such things, they don't give you a lot of money for the money that you keep with them and they do it because it benefits them, they use your money for their businesses to earn money and pay you a small percentage from that.
Cryptocurrencies carry a lot of risks, especially altcoins, because we have seen that some altcoins might lose control and then vanish from the pace of the earth leaving its investors in remorse, and if a person invests all their money in such a cryptocurrency, they are doomed.

[OrangeII]

If I had a lot of money, of course I would take advantage of bank profits. I think, having a lot of money, and getting a percentage profit every year from the money we save is the same as receiving a salary without working. It is often used for people who have a lot of money, or those who are retired. However, the fact is, I don't have much money at the moment, and have to take some risks to make a profit. Therefore, I tend to choose profits on altcoins rather than banks. Even though the risk is greater, the profit offered is quite high in a shorter time. However, If I had the chance, I would probably take advantage of both.

[Fredomago]

I think it doesn't makes sense to compare bank profit vs crypto profit. Banks are normally established for ensure the security of your money and gives some interest if you keep a lots of money in your bank account but that amount is very lower. On the other hand,  crypto is for investment. And here you can easily increase your money with btc,eth by investing. Even some potential altcoin can give you huge profit that you can't imagine. So of course crypto is best source for making money

Even the interest you get from the bank when you keep your money in the bank becomes nothing after sometimes , it is a big lose to leave your money in the bank because the more you leave your money in the bank it gets the depreciate. Investing money in cryptocurrency is more better than leaving it in the bank because cryptocurrency has good profit to give if only one is willing to hodl cryptocurrency.

Profit wise, crypto is more better if you have that good grasp of the market, if you know well and you can overcome the potential risk then yes you can call for the side of crypto investment as saving your money inside the bank may give you small grow but in terms of actual benefits that's really something that you can't really feel after that long time of saving your money from thier platform.

I think it doesn't makes sense to compare bank profit vs crypto profit. Banks are normally established for ensure the security of your money and gives some interest if you keep a lots of money in your bank account but that amount is very lower. On the other hand,  crypto is for investment. And here you can easily increase your money with btc,eth by investing. Even some potential altcoin can give you huge profit that you can't imagine. So of course crypto is best source for making money

Banks are better in security, you are right about that, unless the bank goes bankrupt which doesn't happen at all times. If we talk about profits, as you mentioned, banks aren't investment firms even if they offer such things, they don't give you a lot of money for the money that you keep with them and they do it because it benefits them, they use your money for their businesses to earn money and pay you a small percentage from that.
Cryptocurrencies carry a lot of risks, especially altcoins, because we have seen that some altcoins might lose control and then vanish from the pace of the earth leaving its investors in remorse, and if a person invests all their money in such a cryptocurrency, they are doomed.

I agree to that, security wise banks will be the better place for your money, unless there's economic problem that may force the bank to close or any other unanticipated situations that take place, but other than that, it's really more secure keeping money from that financial institutions but again profits and potential gains that too small and only the bank will manifest with your money and earn more.

[Bitco55]

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).

Getting a rented apartment puts the tenants in their comfort zones, paying rent probably every month, half a year, or a year. They don't have to worry about maintenance, light issues, and the rest .. they just have to pay their rent and everything will be sorted out.

Meanwhile, a person who owns his/ her own house gets to live without paying rent constantly. They may rent a few of their houses to people and earn money from their belongings or sell it off... Meanwhile, they have to worry about maintenance and other stuff...

In life, the comfortable way/ route is always the least comfortable. The higher the risks the higher the returns. One cannot be comfortable accepting 8-10 % interest when they know that there's a straight path they need to follow and earn over 50%/ above, can they?

So, profits from the banks aren't all that comfortable, even considering the fact that sometimes they still withdraw from your account for maintenance and other things without your concern. So in conclusion, of course, altcoins/ cryptocurrency profit is the best profit.

[Troytech]

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).

Trading would still be risky either as a professional or as a newbie, so don't try to even the odds of both as tho there is a safe choice with trading.

Hmm interesting topic OP got me thinking for a while, I think ild still go with altcoins profits not off trading bit rather off investing, apart from bitcoin, ethereum and bnb seem to be getting affected by the bull and either way there are quite trusted altcoins that we can trust even tho I know anything could happen it's still better than keeping money in the bank and taking 10% annually while my value is getting decreased everyday due to inflation of fait, fiat is only good for exchanging goods and services and it serves well as a temporary store of value but not quite well as an investment.

[Mehedi72]

Rules are different in counties. Not all banks are going to give you 8-10% annual profits on your deposit. Rather they charge from you for keep your fund safe and secure. Profit what banks giving to its investors , is pretty low. So bank isn't the place where you should expect to make annual profit from your money. So of course crypto is best. Mainly bitcoin. Altcoins are risky for making profit. Although eth is good choice for making profit. And crypto market give you profit option how much you want to make money by taking risk. Well crypto is far better field than bank if it comes to making profit

[wheelz1200]

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).

There is no right answer.  Just by the very nature of where you are asking you probably will get everyone answering altcoins and not banks.  But really you need to figure out what you want that capital for.  If you are saving for a house for you family amd about to buy a house in a year or 2 you might not want to risk the chance of losing that money.  Or maybe it's for retirement 30 years from now and you can recover the losses over time.  Then you might want to take the risk.  Basically each person has to do theor own risk assesment.

[Obim34]

Rules are different in counties. Not all banks are going to give you 8-10% annual profits on your deposit. Rather they charge from you for keep your fund safe and secure. Profit what banks giving to its investors , is pretty low. So bank isn't the place where you should expect to make annual profit from your money. So of course crypto is best. Mainly bitcoin. Altcoins are risky for making profit. Although eth is good choice for making profit. And crypto market give you profit option how much you want to make money by taking risk. Well crypto is far better field than bank if it comes to making profit

I hardly believe if those banks truly give out profits like they make mention, it's unfortunate how most people still believes in the utility of banks holding their money especially for a long time without giving any interest at the end of the day, banks are still the ones to charge for maintenance. It's one  best option to put one's money into investing on Bitcoin and some Altcoins, emphasis on those Altcoins with unique potential to give return of profits. It could be risky to deal with new ones, but at a point it's worth the risk if the analysis made before investment is accurate or feel conformable investing only in top Altcoins alone.

[john1010]

Investing in both institutions has its own pros and cons. When it comes to banks, the return on investment is relatively low due to the fixed percentage they offer, which tends to be quite minimal. However, the risk is also relatively low since banks worldwide adhere to the standards set by institutions like the World Bank.

On the other hand, cryptocurrency presents a different scenario. If you purchase at a favorable price and the value remains low, the profit potential can be substantial. Even small fluctuations in the token's value can result in significant differences. While the earning potential is high, so is the risk involved.

[sekalitas]

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 best investment approach depends on your risk tolerance and available capital. If you're comfortable with high risk for the potential of high rewards, consider altcoins. For stability with lower returns and less risk, traditional banks are a safer option.

Personally, I recommend diversifying your investments. Allocate a smaller percentage to altcoins to reduce overall risk in case of market downturns. Remember, there are no guarantees in any investment, and risk always exists.

[VanKushFamily.com]

With Crypto we can Spike the Prices, which could be Talked about like Adding Alcohol to a Drink, we could say someone is Spiking this or that Coin or Token. But in a Bank You get the Interest, and in Crypto You get the Interest. Crypto SUCKS when You Lose Value and Your % Increase Doesn't Matter because the Coin's Bottom Fell out and the Price Shitted on You.

Cryptocurrency is AWESOME when the Price goes up 2x or 10x (more than 100%) and You get Returns on Your % as well, so it is maybe 4x or 20x instead of 2 and 10.

And I would Pay Attention to HoloZing (Zing), Van Kush Beauty Token (VKBT), HIVE, STEEM, and BLURT.

All of those are about to Skyrocket.

[mdzahed134]

Of course crypto profit is higher than bank, because bank profit is fixed, actually i think if you will deposit in the bank for the long time, actually your money will be decrease if you will consider inflation it’s pretty high in many counties, so i don’t want deposit in bank. In crypto investment your money can double in short time if you can buy good coins, but in the bank they give incentives 5%-8% in yearly, it’s different in each country.

[arjunmujay]

Of course crypto profit is higher than bank, because bank profit is fixed, actually i think if you will deposit in the bank for the long time, actually your money will be decrease if you will consider inflation it’s pretty high in many counties, so i don’t want deposit in bank. In crypto investment your money can double in short time if you can buy good coins, but in the bank they give incentives 5%-8% in yearly, it’s different in each country.

apart from inflation which causes money saved in the bank to disappear over time. The value of the money will also remain the same and will not increase. This is very different from crypto currency, it is very volatile, but if you look at it from year to year, the value of crypto continues to increase. That's also what makes saving money in crypto very profitable and even better than conventional banks.
as you said, conventional banks are only able to provide incentives of just under 10%, but in crypto this 10% can be achieved in just a day, or even just a few hours.

[Troytech]

If we are looking at this from a risk perspective then altcoin has more risk to it than bank investment is safe and more guaranteed.

But we know that keeping or receiving profits in fait is not advisable cause if inflation which happens every time money is printed, and banks makes profits or creates new money from loans and just imagine investing 1000$ to banks with a 10% annual return and that currency that you are to receive your profits in us suffering from inflation at a 5% annual rate or even more then your initial value invested is now grater than the value you are receiving in that same Currency.

But if you can be able to always have a good win with altcoin maybe through trading then it would be a better investment than bank.

[Sweety1985]

In my opinion altcoin profit is best.

[Fredomago]

Rules are different in counties. Not all banks are going to give you 8-10% annual profits on your deposit. Rather they charge from you for keep your fund safe and secure. Profit what banks giving to its investors , is pretty low. So bank isn't the place where you should expect to make annual profit from your money. So of course crypto is best. Mainly bitcoin. Altcoins are risky for making profit. Although eth is good choice for making profit. And crypto market give you profit option how much you want to make money by taking risk. Well crypto is far better field than bank if it comes to making profit

I hardly believe if those banks truly give out profits like they make mention, it's unfortunate how most people still believes in the utility of banks holding their money especially for a long time without giving any interest at the end of the day, banks are still the ones to charge for maintenance. It's one  best option to put one's money into investing on Bitcoin and some Altcoins, emphasis on those Altcoins with unique potential to give return of profits. It could be risky to deal with new ones, but at a point it's worth the risk if the analysis made before investment is accurate or feel conformable investing only in top Altcoins alone.

Legit for those who already have the right understanding and knowledge about the venue or industries, if you know how to sort those available coins aside from Bitcoin investment, unlike with banks where the actual profits base from a yearly ROI the interest is far small, but just like being mentioned the only advantage is your security as if you deposit and invest your money with a well-known bank from your country it will generate potential profits.

Crypto basing from the previous actions, there are huge amount of benefits for those who manages to sort it correctly and invest thier money with those good projects who already pump high.

X10 is possible and not just it but more if the project is promising and hypes has been done, you'll be able to see unexpected and un-imiginary profits.

[irsykes]

If I had a lot of money, of course I would take advantage of bank profits. I think, having a lot of money, and getting a percentage profit every year from the money we save is the same as receiving a salary without working. It is often used for people who have a lot of money, or those who are retired. However, the fact is, I don't have much money at the moment, and have to take some risks to make a profit. Therefore, I tend to choose profits on altcoins rather than banks. Even though the risk is greater, the profit offered is quite high in a shorter time. However, If I had the chance, I would probably take advantage of both.

Of course banks and crypto can make money from each other in different ways to make a profit, for example if I have a lot of money I will do these two categories while I get income. both have different much larger percentages in crypto but banks are safer to store money. On the other hand, if save money on land, may get a bigger income