Altcoins profits or bank profits, which best?

[Alpha Marine]

The thing is, bank investment requires a big amount of investment before you can make a good profit for it.
If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment. Plus the fact that inflation will most likely reduce the value of the money. There is almost no way the things that $100 can afford at the beginning of the year will be able to afford those same things at the end of the year.

On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.

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[iv4n]

bank so important in Crypto properly work

Well, we can't cash out if we don't use banks. I guess it's the safer and the easier way, but we can skip them as well, we just need to get in contact with some "local exchange group". I still haven't tried some new groups, but I think about it.

What some alts did in the past, and what some alts will do in the future can't compare with very low interest rates in any bank in the world. But the risk factor is also greater... one doesn't go without the other.

[Kaliandra]

In this case it depends on each individual's interests because what I see is that many people invest in banks, because investing in banks is not too risky. However, if investing in altcoins has very high risks but the profits obtained are of course very high, in my opinion investing in altcoins would be suitable for using capital that is ready to be lost.

but I choose to invest in altcoins if I have idle money, but if I don't have idle money I choose to invest in banks.

[HONDACD125]

The thing is, bank investment requires a big amount of investment before you can make a good profit for it.
If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment. Plus the fact that inflation will most likely reduce the value of the money. There is almost no way the things that $100 can afford at the beginning of the year will be able to afford those same things at the end of the year.

On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.

You are right that to get good returns in the bank one needs large amount of money. If you invest $100 to earn a 10 percent annual return, you'll only get $10 in return. Of course, this is low return and does not prove to be a good investment. Most of the countries have bad economic conditions, due to which their currency continues to depreciate, this can also be detrimental to your capital.


There is no doubt that investing in altcoins is a very risky investment and there are coins where you can lose your capital by investing. A lot of care and experience is required while choosing coins here. Of course inexperienced people will also face fraud here and no one can guarantee that you will get these profits in all cases. Bitcoin investment is really safe and reliable. Even those who have little knowledge and experience about crypto currency mostly prefer to invest in Bitcoin, because the entire crypto currency market is based on Bitcoin, Bitcoin dominates the entire crypto market. However, in my opinion, there are good and strong coins in altcoins, if invested in them, good returns can be obtained in future. While a small portion of your capital may be at risk, in case of success we can reap a huge profit.

[GeorgeJohn]

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).

I will never leave cryptocurrency investment and venture in any other investment, when comparing profit of cryptocurrency investment and manual investment you will see that many differs, so therefore i will like a situation where by I take my risk and make my money without involving anyone. Bank investors their profit do prolonged before they will be able to get profit, so therefore, i believe that cryptocurrency investment have to do not prolonged before the profit manifest, so let us not compare cryptocurrency investment with banking kind of investment.

[khiholangkang]

In this case it depends on each individual's interests because what I see is that many people invest in banks, because investing in banks is not too risky. However, if investing in altcoins has very high risks but the profits obtained are of course very high, in my opinion investing in altcoins would be suitable for using capital that is ready to be lost.

but I choose to invest in altcoins if I have idle money, but if I don't have idle money I choose to invest in banks.

We usually call it high risk and high return in the world of the crypto industry, that is the right word in understanding the risks between these two industrial sectors, talking about interest from investment or income from crypto investment is quite varied depending on the project developer himself, in providing rewards to its customers (this is in the case of bank deposits or crypto staking). But keep in mind that if the bank only gets the highest profit of up to 1% -8%, of course it's not worth it in my opinion if it's only given 6% or lower, because the inflation rate in accumulated years can be more than that, and Of course, the value of your money will decrease even if the amount increases.

And also investments or deposits in our bank will not get capital gains, while in crypto you get it, if your coin lock is opened during the bullrun and your coins increase significantly you will definitely get a much bigger income, so before that do a deeper reset First, determine the coins you will buy to invest in so that the future of your money invested in crypto can provide profits.

[Xal0lex]

The thing is, bank investment requires a big amount of investment before you can make a good profit for it.
If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment. Plus the fact that inflation will most likely reduce the value of the money. There is almost no way the things that $100 can afford at the beginning of the year will be able to afford those same things at the end of the year.

On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.

You are missing one important detail. Very often large sums are invested not to make money, but to preserve the value of the original investment. Large capitals aim not to increase their assets, but to preserve them, so that bank interest covers inflationary costs and does not contribute to the depreciation of monetary assets. Earning on bank deposits is not quite convenient, as they are designed for slightly different purposes. By the way, large hedge funds also work according to such principles, where people bring their money not to earn on it. People with large capitals have a slightly different mindset than ordinary low-banks.

[Kaliandra]

In this case it depends on each individual's interests because what I see is that many people invest in banks, because investing in banks is not too risky. However, if investing in altcoins has very high risks but the profits obtained are of course very high, in my opinion investing in altcoins would be suitable for using capital that is ready to be lost.

but I choose to invest in altcoins if I have idle money, but if I don't have idle money I choose to invest in banks.

We usually call it high risk and high return in the world of the crypto industry, that is the right word in understanding the risks between these two industrial sectors, talking about interest from investment or income from crypto investment is quite varied depending on the project developer himself, in providing rewards to its customers (this is in the case of bank deposits or crypto staking). But keep in mind that if the bank only gets the highest profit of up to 1% -8%, of course it's not worth it in my opinion if it's only given 6% or lower, because the inflation rate in accumulated years can be more than that, and Of course, the value of your money will decrease even if the amount increases.

And also investments or deposits in our bank will not get capital gains, while in crypto you get it, if your coin lock is opened during the bullrun and your coins increase significantly you will definitely get a much bigger income, so before that do a deeper reset First, determine the coins you will buy to invest in so that the future of your money invested in crypto can provide profits.

that's very good information friend...

It's true what you say if we take a big risk then there is a potential for big returns, but I've always been interested in altcoins because of that, even though I have to take a big risk. but to be honest I only dare to invest in crypto if I use idle money.

[peter0425]

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).

and since you asked here in bitcointalk forum in which crypto lovers , you'll see all the answers are favoring vrypto
but that will depend in what altcoins are you referring because  for me if this is meme coin or not high ranking currency?
i will stick to banks than being scammed by scam projects.

The world is moving towards digital currency which is cryptocurrency industries is going viral across the globe and Bank are limited. Having said that cryptocurrency is more profitable than Bank, when it comes for long term holding investment Bitcoin precisely gives huge return profits.

but at least you understand that OP is asking about Altcoins and not bitcoin? in which the support is far from the top one currency?

[Hanadawa]

If you invest $100 in a bank to get 10%/per annum then you'll get $220 at the end of the year. That is a $120 profit which is not a very good investment.

Maybe you mean 10% per year with an investment of $ 100 you will earn $ 110 at the end of the year. Or do you have other thoughts or perhaps there is a misunderstanding here? 

On the other hand, don't require you to break the banks but altcoins are too risky and a lot of them are shit.
There is no certainty that you'll make any profit when dealing with altcoin. A lot are just scams that make people lose money.
If you don't know what you're doing you might just lose all your money to altcoins, so it's best if you just stick to Bitcoin.

As several friends have said above, Altcoins are high-risk investment assets, but provide high returns. Meanwhile, banks provide fixed interest of around 6-10% per year. The problem here is that when we keep money in FIAT, the value of our money will be eroded by inflation and that is not a good thing. Moreover, for several currencies other than dollars.

Anyway maybe putting FIAT in dollars is the right choice rather than the currencies of some other countries. Because it can maintain the initial capital so that it is not too eroded by inflation.

[lepbagong]

The world is moving towards digital currency which is cryptocurrency industries is going viral across the globe and Bank are limited. Having said that cryptocurrency is more profitable than Bank, when it comes for long term holding investment Bitcoin precisely gives huge return profits.

cannot avoid technological advances that continue to develop as well as digital currencies that are starting to penetrate everyday life. You are right that crypto is currently very well known and has received a lot of recognition for all transactions. What is very popular is trading and investment, both short-term and long-term, because it is very profitable. Of course, currently comparing with banks is definitely profitable for crypto, but it cannot be avoided that banks are still needed.

[Cadaver20]

In the case of bank investment, both your capital and profit are guaranteed. Bank investment is suitable for those who are weak hearted people, who want guaranteed profit even if it is small.
On the other hand, crypto investment is suitable for those who want more profit and can take risk.

[Kaliandra]

In the case of bank investment, both your capital and profit are guaranteed. Bank investment is suitable for those who are weak hearted people, who want guaranteed profit even if it is small.
On the other hand, crypto investment is suitable for those who want more profit and can take risk.

yes, it can be said that if investing in a bank the profit is small, but of course the risk is not too high, and I think it is indeed suitable if investing in a bank is for those who are afraid of high risks.

and if you invest in crypto, of course the risk is very high, but the profits are very large, so many people suddenly become rich as a result of investing in crypto.

so in this case it depends on the interest of the person undergoing, want to invest in crypto, want to invest in a bank, invest in gold and so on.

[OrangeII]

In the case of bank investment, both your capital and profit are guaranteed. Bank investment is suitable for those who are weak hearted people, who want guaranteed profit even if it is small.
On the other hand, crypto investment is suitable for those who want more profit and can take risk.

Yes, each investment has its own advantages and disadvantages. banks have better collateral than crypto, but have slow percentage gains. while crypto has greater profits but with very large risks. Which one is better ? well, it depends on the person who will choose it. I prefer something safe, so if I have a lot of money, I might lean towards the bank, but if not, I prefer to take risks to increase my assets.

[justdimin]

As several friends have said above, Altcoins are high-risk investment assets, but provide high returns. Meanwhile, banks provide fixed interest of around 6-10% per year. The problem here is that when we keep money in FIAT, the value of our money will be eroded by inflation and that is not a good thing. Moreover, for several currencies other than dollars.

Anyway maybe putting FIAT in dollars is the right choice rather than the currencies of some other countries. Because it can maintain the initial capital so that it is not too eroded by inflation.

The problem is that when you have a return from the bank, it could stay under the inflation rate and you are actually not making any profit at all. If you have 200 years to hold in a compound manner maybe that could actually make you "some" profit, but most probably it will not and that's the important part of it.

I think it is important to make it change one way or another and that's going to be the most important part. I think we should be seeing the situation to be a bit different and we need to approach it some other way. I know that we are going to end up with profits at bitcoin, so I would say neither bank nor altcoin, just pick bitcoin and the return overall over course of few years will be bigger than the bank.

[bakasabo]

I think it is the matter of risk only. The the amount, invested in bank by the end of investment period can not be lower than invested amount. I mean if you invest X money, in the end you will get your X back. As to altcoins, the year might be successful for particular altcoin, it might get multiple price growth, but in the end you get less than invested, because of overall market drop. For example you invest into X, the market goes deep and your X now is worth 1/10 of its original value. It makes 500% growth, people say that it is a breakthrough, and in the end you get half of what you have invested.

[Mr. Magkaisa]

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).

         -   Banks or cryptocurrencies have the same risk. In the bank, you trust the money you have and make them hide the amount of money you put in. The only offer they give you is that they will give you a small interest every year. In exchange for the documents, they will ask you The only risk when the bank you put money in suddenly closes or goes bankrupt is that you usually can't get it back, you don't have a fight because it has declared bankruptcy.

In cryptocurrency, there is also risk, and the percentage of volatility is also high, but the chances of earning your capital are high, which can also cause you to lose or dissolve your investment capital if the altcoins you choose are wrong. But it's voluntary if you want to provide documents depending on the exchange you're going to enter, and there are also some that don't require KYC. So for me, I would choose cryptocurrency.

[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).

         -   Banks or cryptocurrencies have the same risk. In the bank, you trust the money you have and make them hide the amount of money you put in. The only offer they give you is that they will give you a small interest every year. In exchange for the documents, they will ask you The only risk when the bank you put money in suddenly closes or goes bankrupt is that you usually can't get it back, you don't have a fight because it has declared bankruptcy.

In cryptocurrency, there is also risk, and the percentage of volatility is also high, but the chances of earning your capital are high, which can also cause you to lose or dissolve your investment capital if the altcoins you choose are wrong. But it's voluntary if you want to provide documents depending on the exchange you're going to enter, and there are also some that don't require KYC. So for me, I would choose cryptocurrency.

The bank and cryptocurrencies do not have the same risk. The probability that your funds will disappear with the bank is much less than the probability that you invest in a crypto scam. Just as the profit in the bank will be minimal compared to if you get lucky in crypto.

[SharonC]

Altcoins Profits:

Potential for High Returns: Altcoins have the potential for significant price appreciation over a short period. Some investors have made substantial profits by investing in cryptocurrencies like Bitcoin, Ethereum, and others.
Diversification: Investing in altcoins can provide diversification for your investment portfolio, as they are not directly correlated with traditional financial markets like stocks or bonds.
24/7 Market: Cryptocurrency markets operate 24/7, allowing for trading at any time, providing liquidity and flexibility.
Risks of Altcoins:

Volatility: Cryptocurrencies are highly volatile, and their prices can fluctuate dramatically. This volatility can lead to substantial gains but also significant losses.
Regulatory Uncertainty: The regulatory environment for cryptocurrencies is still evolving, and changes in regulations can impact the market and your investments.
Lack of Consumer Protections: Cryptocurrency investments are not insured by government agencies like the FDIC, which means you're at risk of losing your entire investment.
Bank Profits:

Safety: Traditional banking products like savings accounts and CDs are generally considered safe and low-risk investments. Your deposits are often insured up to a certain limit by government agencies like the FDIC in the United States.
Steady Returns: While the returns on savings accounts and CDs are typically lower than what you might get with altcoins, they provide a predictable and steady source of income.
Liquidity: Money in a bank account is readily accessible and can be withdrawn without restrictions, making it suitable for emergency funds and short-term financial goals.
Drawbacks of Bank Profits:

Low Returns: Traditional bank products usually offer lower returns compared to the potential gains from cryptocurrencies.
Inflation Risk: The interest rates on savings accounts and CDs may not always keep up with inflation, potentially eroding your purchasing power over time.
Limited Growth Potential: If your primary goal is significant wealth accumulation, traditional banking products may not offer the growth potential you seek.
In conclusion, the choice between altcoins and traditional banking products depends on your financial objectives, risk tolerance, and time horizon. Many investors choose to have a diversified portfolio that includes both safe, low-risk assets like savings accounts and higher-risk, higher-reward assets like cryptocurrencies. Diversification can help balance the potential for profit with the need for stability and safety in your overall investment strategy. It's crucial to do thorough research and consult with a financial advisor if you're unsure about the best approach for your specific situation.

[Wahyuihib]

Of course investing in cryptocurrency is one of the main choices made by most people.  even though we all know that investing in cryptocurrencies is very risky of losing the assets we have because we choose the wrong cryptocurrencies.