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Author Topic: Altcoins profits or bank profits, which best?  (Read 2858 times)
Sophokles
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November 05, 2023, 05:27:46 PM
 #141

I admit that altcoin investment is indeed superior when compared to banks.
I second.
The interest rates and other investment options and offers that the banks provide will only give you a small portion of what they're going to earn from your own money.
But it's like staking there and the higher the capital you have there, the better and can be said that your money there is safe as that's what they're going to tell and guarantee you.
Going on to the point of being safe, remember that even they are the banks. They have the decision to even halt your account and freeze your money if found something was done against them and the law. Although you have nothing to worry about it if you're not involved with any illegal activities.

A bank is a financial institution on the other hand altcoin is a group of digital assets that has a CEO and development team. Their role, ambition and way of working are different. A comparison can be done between two things that has similar working model and ambition. 

Banking system has many downside but it is also essential for our economy because we need a institution like bank that can process daily transction. If you are a business owner you know how important it is for you. Altcoin is a type of share that represents your support that project development and your investment will grow with that project. Altcoin can be compared to asset which is valuable but you don't use it often to transfer value.
Spaceman1000$
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November 05, 2023, 09:29:43 PM
 #142

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).

No doubt about the fact that bank investors are sure of their investment, but you talked about the percentage rate which is 8-10% annual profit, which to me I feel is too small for a full year.

On the other hand, as a cryptocurrency investment, no matter the volatility of the Market, you sure will make more than 8-10 percent annually depending the amount you've invested. Crypto investment puts your capacity at risk but remember, "no risk no reward", you can actually manage your risk too in crypto.











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November 06, 2023, 06:13:26 AM
 #143


A bank is a financial institution on the other hand altcoin is a group of digital assets that has a CEO and development team. Their role, ambition and way of working are different. A comparison can be done between two things that has similar working model and ambition. 

Banking system has many downside but it is also essential for our economy because we need a institution like bank that can process daily transction. If you are a business owner you know how important it is for you. Altcoin is a type of share that represents your support that project development and your investment will grow with that project. Altcoin can be compared to asset which is valuable but you don't use it often to transfer value.

we all know that banking services are vital to the economy. As proof that many people start from savings and loans and carry out transactions through banking.

Let's return to the topic that profits from banking deposits are lower compared to investments in altcoins. The largest bank is able to offer 6% per year, when compared to altcoins, altcoins have a profit probability of up to 100% more. Obviously this is very unbalanced, but everything that has large profits also has a large level of risk.
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November 06, 2023, 09:38:40 AM
 #144

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).
Investing money in bank gives fixed amount of profit at specific time and in case of altcoin it is different. Choosing a right bank is very important. In fact, a reputable and well-run bank can be a safe place for your money. Before choosing a bank, you should make sure that if the bank is stable and safe, your money will be safe in it. If necessary, it can be helpful for you to know the opinions of old customers of the bank. Altcoins, or cryptocurrencies called altcoins, can have particularly high profit potential. Some currency projects in this category can actually give big returns in the future if invested in the right time or project. However, such investments can be very risky if they are not internationally recognized. It is important to make such investments based on personal criteria and reliable information.
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November 06, 2023, 10:24:06 AM
 #145

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).

Crypto is the best option for me. If you keep your income in the bank for 1year interval, I think your capital will reduce instead of adding. If it's a country like mine they keep on charging you for bank maintenance charges or SMS charges even when you choose not to do any transaction dey will still charge you.

But investing on crypto currency, Bitcoin precisely. I think you be glad expecialy when you buy on dip. Just like some months ago I think bitcoin fell to the extent of $15k. So if someone baugh 1btc then at the rate of $15 or even 16k , and decide to sell now that the price is $35k you will discover that you've made a profit of about $25k or $19k. This is profitable only if you buy at the write time.

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November 09, 2023, 08:58:18 PM
 #146

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).
Altcoins and banks do generate profits but I feel more comfortable working in crypto. What are the profits from banks? I consider there profits to be change compared to the real deal were I've watch printed 60x of our initial deposits. Altcoins profits will definitely go a long way in our perspective lives. They're present to either push us higher above our normal standards or still decreased us to the minimum rate of our standard, we just have to be careful when anticipating in crypto. I'm ready to take it all in, I do not bother about the system, as long as I'm accumulating some important figures weekly or daily from market, I'm all good.

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November 09, 2023, 11:35:15 PM
 #147

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).

My personal  issue with the bank is that they rip us off! Aside from the fact that they make a lot more than the 8-10% APY they give, Altcoin profits are better depending on which Altcoin. I’ll rather buy an altcoin like Ethereum or BNB (or even buy Bitcoin itself) because these cryptocurrencies are safer than hopping on new projects that haven’t built a pillar yet. But some persons who are willing to risk it can jump on these new projects and make what the bank wouldn’t give in 5 decades.
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November 09, 2023, 11:37:56 PM
 #148

in bullish like this i think even if you're newbie investor you can easily experience first hand getting 20% profit just within few days, something that you could get for 4 year deposits with bank.
its kinda obvious which one is better if you are trying to find profit here, 4% return a year is honestly ridiculous at this current time due to the massive inflation and also the uncertain condition with the economy.
I would argue that right now even depositing money, still means you're losing your wealth overtime.
meanwhile with investment in altcoin around bullrun, simply means you are getting profit that you deserve, its just overall better with altcoin even better right now when market sentiment is good.

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November 09, 2023, 11:43:46 PM
 #149

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).

You don't have to ask a thing about this; of course, everyone chooses altcoin profit over bank profit, which is near 8 to 12 percent. The theory we follow in crypto trading is that the higher the risk, the greater the profit. When it comes to profit, other than any investment options in the world, crypto is the best option now. And nothing is wrong with choosing bank profit over crypto currencies. Your money is your choice, and your freedom Because trading or investing in crypto is not on everyone's list, you're free to choose whatever you want. If you're ready to take a risk, it's the best option for you to make money.
What does the bank have to offer? Nothing, all we have to do is to focus on making profits from the market. The cryptocurrency market is big enough for us to make good profits from the market and it all depends on the kind of crypto projects we are holding in our portfolio. There are good crypro projects we can invest our money into that would give us a nice profits and the only thing we have to do is to keep investing our funds for a better day. Investment can give us a very good profits if we know how to play our games and keep up to other investments.

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November 10, 2023, 09:21:24 AM
 #150

Basically the main difference between them both has to be stability and consistency. with the banks there's this consistency that comes with the fact that you are sure to always get that 8-10% coming annually and and there's some level of capital protection.

But with crypto volatility makes your profitablity vary, there are months where the volatility could be so high in your favor and you could make much more that 10% in a month and annually could make up to 50-80% or even more. But if price goes against you, even your capital may be at risk in some cases. So I don't think any is better than the other they just have their advantages and disadvantages so whichever you think you can work with you make your choice.

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November 13, 2023, 03:44:34 AM
 #151

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).

You don't have to ask a thing about this; of course, everyone chooses altcoin profit over bank profit, which is near 8 to 12 percent. The theory we follow in crypto trading is that the higher the risk, the greater the profit. When it comes to profit, other than any investment options in the world, crypto is the best option now. And nothing is wrong with choosing bank profit over crypto currencies. Your money is your choice, and your freedom Because trading or investing in crypto is not on everyone's list, you're free to choose whatever you want. If you're ready to take a risk, it's the best option for you to make money.
What does the bank have to offer? Nothing, all we have to do is to focus on making profits from the market. The cryptocurrency market is big enough for us to make good profits from the market and it all depends on the kind of crypto projects we are holding in our portfolio. There are good crypro projects we can invest our money into that would give us a nice profits and the only thing we have to do is to keep investing our funds for a better day. Investment can give us a very good profits if we know how to play our games and keep up to other investments.

The higher the risk the better compensation if we invest into the right assets, though aside from that risk factors which bank may have some edge as stable savings, other than that, altcoin investment have that far advantages in terms of opportunity to make decent amount of benefits. People or investors who are willing to embrace that scenario inside crypto investment/trading needs a lot of knowledge regarding to pro and con of this venue of investment.

There are different acceptance and treatment regarding to this matter and everything wil be depend from how you take the risk.

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November 13, 2023, 12:17:00 PM
 #152

The point is that the profits with cryptocurrencies are greater but with more risks, whereas the profits with banks are lower but more stable I believe you pay less taxes on the profits derived from cryptocurrencies

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November 14, 2023, 06:27:38 AM
 #153

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).
comparing investing money In banks to investing in crypto assets is almost a parallel analysis because the context and reason to invest in either of them varies and depends more on the motive for the investment.

If I intend starting up a business and I'm working on making savings up to a certain amount for my business, then investing or rather saving my money in the bank would be my preferred choice because of the least amount of risk involved. On the other hand, if I am looking at making a long term investment that I could afford to leave for a long time without being bothered about any imidiate returns in the short run, then choosing crypto would be my preferred choice. But in general my choice depends solely on the kind I funds I'm looking at in general.

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November 14, 2023, 07:09:27 AM
 #154

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).

You don't have to ask a thing about this; of course, everyone chooses altcoin profit over bank profit, which is near 8 to 12 percent. The theory we follow in crypto trading is that the higher the risk, the greater the profit. When it comes to profit, other than any investment options in the world, crypto is the best option now. And nothing is wrong with choosing bank profit over crypto currencies. Your money is your choice, and your freedom Because trading or investing in crypto is not on everyone's list, you're free to choose whatever you want. If you're ready to take a risk, it's the best option for you to make money.
What does the bank have to offer? Nothing, all we have to do is to focus on making profits from the market. The cryptocurrency market is big enough for us to make good profits from the market and it all depends on the kind of crypto projects we are holding in our portfolio. There are good crypro projects we can invest our money into that would give us a nice profits and the only thing we have to do is to keep investing our funds for a better day. Investment can give us a very good profits if we know how to play our games and keep up to other investments.

The higher the risk the better compensation if we invest into the right assets, though aside from that risk factors which bank may have some edge as stable savings, other than that, altcoin investment have that far advantages in terms of opportunity to make decent amount of benefits. People or investors who are willing to embrace that scenario inside crypto investment/trading needs a lot of knowledge regarding to pro and con of this venue of investment.

There are different acceptance and treatment regarding to this matter and everything wil be depend from how you take the risk.
Altcoins offer possibilities for large profits, outweighing bank saving. Knowing market trends, altcoins, and crypto market movements is nearly everything. While taking risks is part of the game, diversification may be worth considering. Why put all your crypto eggs in one basket? Divide them between stablecoins for stability and high-potential altcoins for large gains.

Talk about investor psychology too. Markets operate on fear and greed, right? An emotionally stable investor who stays calm in a volatile market often wins. Psychological resiliency is as important as market understanding. Always remember that investing is personal. Your decisions should reflect your risk tolerance, financial goals, and volatility comfort. No single strategy works here. One person's solution may not work for another. While huge rewards are tempting, its best to step back, examine your situation, and make balanced decisions.

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November 14, 2023, 07:34:02 AM
 #155

In comparison to  banks and cryptocurrency investments can offer higher potential profits especially for experienced traders who make daily profits. It is important to keep in mind that crypto investments come with greater risks because market highly volatile.

Banks offes lower annual profit, they provide more security for your capital. It  depends on your risk tolerance. If you are taking higher risks for higher returns crypto investments is a good option . If you want safety of your capital and prefer a more stable  return banks are the best option.

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November 14, 2023, 12:04:07 PM
 #156

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).
In fact, both are profitable investments, but depending on what you choose, the risk will be greater. the security of investing in a bank has greater guarantees than altcoins, and it can be a steady income. You just need to save the money you have and receive a percentage every month or year. However, investing in altcoins has greater profits if you do it right, the potential can even be further than investing in banks. However, the risks tend to be high. If you don't really understand how to trade or invest correctly using the altcoins you own, this could be a loss.
However, it all depends on what you choose, but both still provide very good results for now.

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November 14, 2023, 12:33:05 PM
 #157

If you like investment, you can share a few percent for altcoins but payment is easier with fiat stored in the bank, the flat profit offered by the bank, although large, will be affected by inflation, of course the exchange rate will be different in the vulnerable time during storage. ALt coin has a better fluctuation if the analysis is appropriate, when altcoin pump and still get ROI, APR and APY in profit you get more profit and can be less 1 year can be twice as much as you save in the bank, there are even many whales who get more.

Management between direct human intervention and system transactions has the same vulnerability, the difference is only seen physically or virtually, if in a bank carelessness is visible and there is a legal umbrella, but crypto if it happens by its own carelessness is careless, and losses are triggered from its own activities.


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November 15, 2023, 09:05:30 AM
 #158


Altcoins offer possibilities for large profits, outweighing bank saving. Knowing market trends, altcoins, and crypto market movements is nearly everything. While taking risks is part of the game, diversification may be worth considering. Why put all your crypto eggs in one basket? Divide them between stablecoins for stability and high-potential altcoins for large gains.

Talk about investor psychology too. Markets operate on fear and greed, right? An emotionally stable investor who stays calm in a volatile market often wins. Psychological resiliency is as important as market understanding. Always remember that investing is personal. Your decisions should reflect your risk tolerance, financial goals, and volatility comfort. No single strategy works here. One person's solution may not work for another. While huge rewards are tempting, its best to step back, examine your situation, and make balanced decisions.

There are many factors that need to be considered when you are dealing with investments, as long as you know every ground and you fully understand the risk that you are taking it's always possible to make some good money out of your chosen investment, I mean, if you take crypto for example there are movements that you can follow and anticipate that possibility to earn.

Your knowledge and understanding will enlighten you to pick assets and create a good strategy to make money from this venue of investment.

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November 15, 2023, 09:37:46 AM
 #159

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 I personally share my funds,
1. 70% of my funds are saved in the bank
2. 30% of my funds are invested in cryptocurrency,

because in my opinion we must have 2 investments, that is a short-term and safe investment (saving in the bank), then a long-term investment that has a high risk, but also has a high profits (investing in cryptocurrency).

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November 15, 2023, 10:55:20 AM
 #160

if it's about profit then I choose cryptocurrency, because the profit from investing in cryptocurrency will definitely be bigger than in a bank, but if you choose safe, then the bank is definitely safer than cryptocurrency, therefore everything has its own advantages and disadvantages, so we have to be ready with what we choose, if you want a big profits with a big risks, then cryptocurrency is the right choice, but if you choose a safe investment, but a small profits, then the bank is the right choice and I prefer to invest in cryptocurrency, because investing in cryptocurrency can make me rich.

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