Altcoins profits or bank profits, which best?

[Blitzboy]

This is a point that is often ignored, have people ever wondered why it is so easy to deposit your money in a bank and so difficult to get it out? This is because the moment the bank has custody of your money it is not really your money anymore, banks will use the money that is morally yours to do whatever they want and if at some point you make an effort to try to recover it they can use all kind of legal actions to not give it back, just for this alone people should drop banks and use bitcoin, but people are slow to learn and will only change their stance once they lose their money to the banks and it becomes impossible to recover it.

I like that point as it's reality, when there's an opportunity for the bank to take a legal action not to let you withdraw you money they will surely push for it and will try everything to own your money, that's the risk and it can happen to anyone, banks knows how to play with the rules and with just a small idea that they will see or you gave them surely they will grab that and do everything in their power to avoid any possibilities for you to transfer your remaining balance.

It is even worse than that, banks do not play by the rules, they make the rules, as the proverb says ‘Permit me to issue and control the money of a nation and I care not who makes its laws’ this is why when the economy of a country does badly the first thing banks do is to limit the amount of money you can withdraw from them in order to avoid a bank run, and they do this because they do not have the money that you deposited with them due to their use of fractional reserve banking, yet another instance in which they treat your money as if it was theirs.

Thats what sucks about banks but still people do stick out into these institutions on saving up their money and storing it out which its definitely true on what would be the potential things that you might be able to

encounter knowing that they do really have that full control of your funds + you are really that been traced if ever there would be some huge deposits or even withdrawals which it could ring out some bells and ask
for some verification on where these funds came from or whats the reason of such withdrawal. This is why it do really sucks when you are really that heavily been relying with these institutions but surprisingly
to those people who are aware about these shitty stuffs of banks but still do heavily trust them up. Cant really be able to blame though knowing that sticking with something been that regulated and been relied
through ages then its not a surprise that they would really be sticking to that.

To those people who are fully aware about Bitcoins or cryptos existence then they are the ones who would really be that taking out advantage with those benefits not only on money making or income
opportunity but totally into its utility.

For years, the all-powerful monstrosities we call banks have benefited from our trust. People have been trained by these organizations to think of themselves as the safest option, and most people never question this conditioning. pathetic, yes?

They closely monitor each transaction, whether it is a deposit or a withdrawal, looking for anything out of the ordinary. Then why? due to their ability. It is the cost of being under their "secure" control.

For those with the insight to see it, Bitcoin offers an oasis. The insolence of banks to believe they can maintain their hegemony when the freedom of cryptocurrency is right in front of them! If only more people would emerge from their shells and grasp the enormous potential of Bitcoin and its siblings. Those in the know not only benefit financially but also have freedom that banks will never provide.

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[livingfree]

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).

Still hard to be said as instant profits when you trade, you don't just get there easily even you've been experienced. One can be a trader and an investor but it's more that are going with the investor's path because it's easier and less stress.

If you've got a lot of cash as well and you like the traditional investments, the banks are good for you and they're safer. But with things circling around with some banks in other countries like Lebanon wherein they won't allow you to get your money bank as instructed by their government.

You may come to think of that possible scenario based on the situation of your country's economy and policies.

[Bushdark]

We can make a lot of profits from the market if we know what we are doing but the bank can never give us a reasonable profits because what they care about is to give us interest which is not as profitable to pay our bills. Altcoins profits only especially when we had invested huge in the project cam give us a huge profit that cam change our life. Projects like pepe have giving her investors a lot of profits that what a regular bank interest can give us. There is so much profits in Bitcoin investment.

[albon]

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).

Yes, investing in altcoins is risky because its market is highly volatile and affected by events and news, but its profits are better than the very meager profits of banks. Prominent businessmen, influencers, companies, etc., have invested in altcoins, and there are millions of investors interested in investing in altcoins around the world because they believe that it is an undisputed profitable investment despite its sharp fluctuations. Experiences, skills, and patience may reduce the severity of risks and make the investor avoid any heavy losses. And even banks have risks as well. Banks can go bankrupt due to the economic and regulatory conditions in the country, and they can impose sterile conditions and fees that make it difficult for customers to access money. For me, I can use banks to keep some of my money safe, but banks to be a source to make profits is not a feasible idea.

[Silberman]

It is even worse than that, banks do not play by the rules, they make the rules, as the proverb says ‘Permit me to issue and control the money of a nation and I care not who makes its laws’ this is why when the economy of a country does badly the first thing banks do is to limit the amount of money you can withdraw from them in order to avoid a bank run, and they do this because they do not have the money that you deposited with them due to their use of fractional reserve banking, yet another instance in which they treat your money as if it was theirs.

Thats what sucks about banks but still people do stick out into these institutions on saving up their money and storing it out which its definitely true on what would be the potential things that you might be able to

encounter knowing that they do really have that full control of your funds + you are really that been traced if ever there would be some huge deposits or even withdrawals which it could ring out some bells and ask
for some verification on where these funds came from or whats the reason of such withdrawal. This is why it do really sucks when you are really that heavily been relying with these institutions but surprisingly
to those people who are aware about these shitty stuffs of banks but still do heavily trust them up. Cant really be able to blame though knowing that sticking with something been that regulated and been relied
through ages then its not a surprise that they would really be sticking to that.

To those people who are fully aware about Bitcoins or cryptos existence then they are the ones who would really be that taking out advantage with those benefits not only on money making or income
opportunity but totally into its utility.

Unfortunately most people need to experiment things themselves to understand their lesson, I look at banks and the way the economy works and I can tell it cannot work forever, at some point it will collapse, now I do not know when it will happen and I do not even know if I will be alive when that happens, but if it does I will be ready for it, but the rest of the people will only believe this is possible once it has happened, and once that is the case there is nothing to do except to calculate the losses in which they have incurred already.

[abel1337]

~snip

Thats what sucks about banks but still people do stick out into these institutions on saving up their money and storing it out which its definitely true on what would be the potential things that you might be able to

encounter knowing that they do really have that full control of your funds + you are really that been traced if ever there would be some huge deposits or even withdrawals which it could ring out some bells and ask
for some verification on where these funds came from or whats the reason of such withdrawal. This is why it do really sucks when you are really that heavily been relying with these institutions but surprisingly
to those people who are aware about these shitty stuffs of banks but still do heavily trust them up. Cant really be able to blame though knowing that sticking with something been that regulated and been relied
through ages then its not a surprise that they would really be sticking to that.

To those people who are fully aware about Bitcoins or cryptos existence then they are the ones who would really be that taking out advantage with those benefits not only on money making or income
opportunity but totally into its utility.

Unfortunately most people need to experiment things themselves to understand their lesson, I look at banks and the way the economy works and I can tell it cannot work forever, at some point it will collapse, now I do not know when it will happen and I do not even know if I will be alive when that happens, but if it does I will be ready for it, but the rest of the people will only believe this is possible once it has happened, and once that is the case there is nothing to do except to calculate the losses in which they have incurred already.

Majority of the people are taught to store their money on the bank because of safety and of course the small profit that they can get from storing their money. It's just bank are being taught on basic grades and crypto was never or rarely taught on basic education and people will obviously choose a the most familiar way they can store their money but yeah as humanity evolved, cryptocurrency has been born and it's obvious that crypto has a greater perks in terms of safety and possible profit you can get from storing your money in it.

I have a bad experience on certain local banks in my area and that made me realize that it is way better to store my money on cryptocurrency because I have the real freedom but I can't let go of the convenience that bank gives that's why I decided to still have some money on my bank but not really to the point that I will get a lot of hassle if I experience some kind of problem in it. It is just enough to maximize the convinience of banks.

[The Cryptovator]

If you prefer a leisurely approach and have ample funds but little inclination for activity, a bank could be your choice. However, it's worth noting that banks aren't entirely secure either. There's a slight chance they could go bankrupt, resulting in potential loss of your capital, although such instances are rare. On the contrary, generating income through altcoin trading is more intricate and carries greater complexity. The possibility of losing your entire investment exists, requiring a strong grasp of crypto trading for profitable outcomes. In truth, all investments involve some level of risk, necessitating caution regardless of the path you take. Higher risks can yield substantial gains but also pose the danger of complete loss.

[Silberman]

Unfortunately most people need to experiment things themselves to understand their lesson, I look at banks and the way the economy works and I can tell it cannot work forever, at some point it will collapse, now I do not know when it will happen and I do not even know if I will be alive when that happens, but if it does I will be ready for it, but the rest of the people will only believe this is possible once it has happened, and once that is the case there is nothing to do except to calculate the losses in which they have incurred already.

Majority of the people are taught to store their money on the bank because of safety and of course the small profit that they can get from storing their money. It's just bank are being taught on basic grades and crypto was never or rarely taught on basic education and people will obviously choose a the most familiar way they can store their money but yeah as humanity evolved, cryptocurrency has been born and it's obvious that crypto has a greater perks in terms of safety and possible profit you can get from storing your money in it.

I have a bad experience on certain local banks in my area and that made me realize that it is way better to store my money on cryptocurrency because I have the real freedom but I can't let go of the convenience that bank gives that's why I decided to still have some money on my bank but not really to the point that I will get a lot of hassle if I experience some kind of problem in it. It is just enough to maximize the convinience of banks.

There is nothing wrong with keeping a small amount of money in the bank, with more companies moving online and with digital money becoming more prevalent it will be a mistake to not have a bank account, what we need to avoid is to have all our savings there, as if the bank goes bankrupt or there is a problem with the economy of your country you could find yourself in a position in which you have a lot of money but you simply lack the means to access it.

[AmoreJaz]

If you prefer a leisurely approach and have ample funds but little inclination for activity, a bank could be your choice. However, it's worth noting that banks aren't entirely secure either. There's a slight chance they could go bankrupt, resulting in potential loss of your capital, although such instances are rare. On the contrary, generating income through altcoin trading is more intricate and carries greater complexity. The possibility of losing your entire investment exists, requiring a strong grasp of crypto trading for profitable outcomes. In truth, all investments involve some level of risk, necessitating caution regardless of the path you take. Higher risks can yield substantial gains but also pose the danger of complete loss.

that is true, it depends on what kind of person you are and how much time you can allot to look at alts. because investing in alts would take you a lot of time, just by assessing their potential alone. whereas, if you have no time, you can always put your money in the bank, but don't expect that it will gain interest because it is not. they are more on just the safe keeping of your funds.

[Sarah Azhari]

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).

If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

[Oasisman]

We can make a lot of profits from the market if we know what we are doing but the bank can never give us a reasonable profits because what they care about is to give us interest which is not as profitable to pay our bills. Altcoins profits only especially when we had invested huge in the project cam give us a huge profit that cam change our life. Projects like pepe have giving her investors a lot of profits that what a regular bank interest can give us. There is so much profits in Bitcoin investment.

You are actually one sided, obviously because you are into crypto, but let me tell you this ; not every person in the world have the same risk appetite as we are here in this community and not everyone is interested when they learn how risky it is to invest in altcoin than with bitcoin or with banks. Some people may prefer saving their money in the banks as it will make them comfortable knowing that their money is free from high volatility. One of the major disadvantages about investing your money or saving it in a bank is that, it will only gain a few percentage annually but inflation will most probably going eat it all u, thus causing your money to have almost the same purchasing power when your first put it in the bank. Crypto is far more riskier, but would give you great profit if you have enough knowledge how to manage your portfolio, diversify your investments and knowledge when to buy and sell.

[fzkto]

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).

If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

It's probably appropriate to speculate about the size of the deposit. For example, a person has 10k dollars and this amount can be invested in cryptocurrency to get a good profit over time. But if a person has several million dollars, he will probably think many times before investing it in cryptocurrency. For such amounts, it is safe to keep dollars in the bank. And only a small part can be invested in crypto.

[Fredomago]

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).

If you want to be safe, then you have to invest your money in the bank. The 8% profit will give you the convenience that makes you calm. But, for sure it will give you a big loss because in another instrument like you mentioned (crypto) will give you 100%+ profit if you invest in the right instrument. Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

It's probably appropriate to speculate about the size of the deposit. For example, a person has 10k dollars and this amount can be invested in cryptocurrency to get a good profit over time. But if a person has several million dollars, he will probably think many times before investing it in cryptocurrency. For such amounts, it is safe to keep dollars in the bank. And only a small part can be invested in crypto.

Depends from the knowledge too, if the person knows the potentials and knows how to handle the risk even he got that amount he will still take that risk since he is well-aware about the system, though you said it right it's a common principle to be care about your money and for most conventional trader or investor they will choose to have a small benefits with lesser risk compared to big potential profits but the risk to do have the same level of potential losing your money.

[Godday]

Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt.

[Silberman]

Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt.

The main danger of keeping your money in a bank is not that they go bankrupt as if the owners behind it are smart enough this should not ever happen, the issue is that just when you need your money the most you will be unable to access it, as it is very common that when the economy is in crisis capital controls are enacted and you can only withdraw a small amount each month, this is bad enough but if we take into account that at the time when those measures are enacted most of the time inflation is out of control then this means you are forced to accept a massive loss on the purchasing power of your money, while at the same time you can barely sustain yourself with the money you were allowed to withdraw from your bank account.

[|MINER|]

What you mentioned here can be different for each person. Because not everyone can earn profit by investing in alternative coins. Because this requires knowledge as well as skill, without which it is not possible to earn profit by trading in alternative coins. Investing in such public alternative coins would be extremely risky. In my opinion, it is better not to do it. It is better to keep their money in the bank. On the other hand those who know about trading can handle professional trading, be it Alternative Point or Bitcoin.

[Best-mary]

Crypto profits all the way. Not only will you profit, you do get some rewards maybe for participating in one challenge to another like the PnL trading and other possible tasks that judiciously would give you so much profit

[Oneandpure]

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).

Small annual profit around 8%-10% when depositing money in the bank but there are not risk, but when try experienced investing in altcoin have tow result later will increasing profit up 50%-100% without waiting annual year like in Bank deposit and we will loss all our capital because bigger risk with altcoin price drop or delisting on exchange market. Not recommended with saving money use for investing in cryptocurrency because there are not place promising for profitable.

If you have side income is not matter use for investing in altcoin than hold it as Bank deposit with current annual reward 8%-10% than altcoin has possibilities with profitable earn 10% in one day. But always bigger risk waiting for and its why not recommended investing from saving money.

[Fredomago]

Saving money in the bank can make you also nervous because I heard that many banks have gone bankrupt, so in this case, your don't get any profit, it's different when you save in crypto where you own the key and have control the wallet.

But still, saving in a bank, especially big banks, is very unlikely to go bankrupt. You say that many banks are bankrupt but if we do research we will see that only local banks are bankrupt. And if we look at it seems that there is not a single bank that went bankrupt in one year, except in 2008 when the world economic crisis occurred which caused several large banks in America to go bankrupt.

The main danger of keeping your money in a bank is not that they go bankrupt as if the owners behind it are smart enough this should not ever happen, the issue is that just when you need your money the most you will be unable to access it, as it is very common that when the economy is in crisis capital controls are enacted and you can only withdraw a small amount each month, this is bad enough but if we take into account that at the time when those measures are enacted most of the time inflation is out of control then this means you are forced to accept a massive loss on the purchasing power of your money, while at the same time you can barely sustain yourself with the money you were allowed to withdraw from your bank account.

In a bad situation, this is possible to control losses in terms of business. Banks have that capabilities adjust and limit your withdrawal to avoid damages in terms of managing their finances, plus the fact that inflation really hurt the value of your save money. Though risk is lesser if you are not knowledgeable in terms of investment, crypto value on the other side is like a 2 bladed sword where chances to earn huge is possible same with losing huge if you don't know how to manage your investment.

[Godday]

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In a bad situation, this is possible to control losses in terms of business. Banks have that capabilities adjust and limit your withdrawal to avoid damages in terms of managing their finances, plus the fact that inflation really hurt the value of your save money. Though risk is lesser if you are not knowledgeable in terms of investment, crypto value on the other side is like a 2 bladed sword where chances to earn huge is possible same with losing huge if you don't know how to manage your investment.

I a gree with you. The danger of saving money in the bank is that the value of your money will continue to erode along with inflation. Banks benefit from the amount of their customers' deposits because there they can use our money in various sectors that benefit them. This is the real danger that people should be aware of, namely that you will not go bankrupt or lose your money but you will lose the value of the money you have saved.