Altcoins profits or bank profits, which best?

[barhavsky]

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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[DeathAngel]

If you invest in more well known altcoins then you can make a lot more money than you do with traditional bank savings accounts. It’s all about timing the market, if you buy at the top with crypto then you’re going to lose a lot of unrealised capital losses. If you buy at the right time, which actually isn’t that hard, then hold for 4 years or more then you will beat pretty much all stocks & bank savings products. So to summarise, buy Ethereum, DOGE, Cardano, Matic, LINK etc a year or so after bitcoin makes all time highs, then hold for a few years, hey presto big gains.

[johnsaributua]

I think OP is still confused; D there is so much enthusiasm from bitcointalk users that the thread is still busy for 3 months and the OP's response is basic on interest, for bank enthusiasts because in some countries financial institutions are clear and there are physical offices and many supervisory mechanisms have also been established far from crypto (altcoins are created) can be said to be an alternative means, although with many banks closing and the low income of profit sharing (saving money) does not discourage loyal customers from surviving and adding to other bank services because they are used to it, assuming that banks are the best solution and are able to cover than being saved in individuals, speculating with 8-10 interest every year assuming a lot of money is saved in the culture of saving, it is better that small interest will increase with a matter of years.
Also altcoin enthusiasts are a complementary means of banks, altcoins are only known for a few years but at will and control the wallet is the advantage, at will access, at will choose dapps and at will to withdraw at any time even if you can profit daily.

[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 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).

If you keep your funds in a bank, you should consider the inflation rate in your country. Banks can usually give a small percentage return, which is often the same as inflation. That is, your money simply does not depreciate in value. It cannot be called an investment.

[Romeotom]

For me it is possible to get more profit in crypto market because here you can get double money by trading or investing with little money, which is actually impossible from bank. To earn profit by keeping money in the bank, you need to have a large amount of money, so it is not applicable for small investors. Moreover, from crypto you can withdraw profit anytime, but to get profit from bank, you have to wait for a certain period of time.

[Mate2237]

Is there any profit in banks. If the altcoins is rising well this 8-10% for a year is nothing compared to the altcoins. And as I said in other comments before a bank gives you interest because your money is in their bank and that means you have enough money that up to millions which they can use to do business aside that I don't think they will give such bonus to small amount of money.

Even though cryptocurrency investment is more risky than the Bank, I still prefer cryptocurrency investment to Bank. This days, I only use the bank if I want to use fiat currency to buy something. I don't keep funds in the bank any more.

[batang_bitcoin]

For me it is possible to get more profit in crypto market because here you can get double money by trading or investing with little money, which is actually impossible from bank. To earn profit by keeping money in the bank, you need to have a large amount of money, so it is not applicable for small investors. Moreover, from crypto you can withdraw profit anytime, but to get profit from bank, you have to wait for a certain period of time.

In banks, you can also make a profit but far from what we're earning in the altcoins or the entire crypto market. You get small portion of the interest they earn from their clients. So it's like they earn 100% from your money and from their clients, what they give to the depositors is just like 1%-3% and take note of it, that's for an annual rate. And if they are going to rinse and repeat that strategy for so long, you can think of how much the bank makes from our money compared to us from their service.

[Wahyuihib]

Profits in cryptocurrencies are very promising but have very big risks but it is still safe in my opinion if we control the assets we invest in ourselves.  This means saving the BTC or ETH that we have in our personal wallet

[DaNNy001]

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.

Even if you choose crypto, I mean you still have to be specific on the particular crypto you choose because it will shock you that not all cryptocurrency are worth making an investment on, some of these altcoins are just playing a bet on soccer and we all know the chances there @50% so I would think going for bank savings would be better than some shitcoins but on a general not crypto is widely more preferable and everyone knows this .

[Dr.Bitcoin_Strange]

Profits in cryptocurrencies are very promising but have very big risks but it is still safe in my opinion if we control the assets we invest in ourselves.  This means saving the BTC or ETH that we have in our personal wallet

There is no investment that is not risky. Even if you invest in the bank, the fiat is going to lose value and inflation is going to take it's toale, but if you invest in altcoins, then you are perhaps looking for a faster way of losing your money because altcoins investment is like placing a bet on a club, and you don't actually know the club that is going to win or the club that will lose. When you invest in Bitcoin, at least you are certain that you will definitely make a profit from the bull season, but that's if you don't end up selling off because of the panic of price volatility.

[cryptoWODL]

Profits in cryptocurrencies are very promising but have very big risks but it is still safe in my opinion if we control the assets we invest in ourselves.  This means saving the BTC or ETH that we have in our personal wallet

Those who invest in this crypto currency have to invest by accepting both profit and loss.It is normal to make profit and sometimes lose in investment.But if you want to be safe or secure by investing then I would say invest in Bitcoin.That's because investing in Bitcoin has a very low chance of loss.
But if you invest in alt coins then you can lose most of the time because alt coins investment is not very successful.I have invested in many alt coins before and never got good profit from them.Now I have decided to invest in Bitcoin.

[johnsaributua]

Profits in cryptocurrencies are very promising but have very big risks but it is still safe in my opinion if we control the assets we invest in ourselves.  This means saving the BTC or ETH that we have in our personal wallet

But if you want to be safe or secure by investing then I would say invest in Bitcoin.That's because investing in Bitcoin has a very low chance of loss.

The option is altcoin sir, maybe the convenience and affordable price with hight risk hight return which is a concern, if talking about bitcoin / eth the price is already high, the principle is that the greater the decimal brought will bring the difference in profit is also greater, if the analysis is correct, sir? if you buy bitcoin for $100, of course it is different from 1 BTC? then what about altcoin if you buy $100 of course the chances of stable prices will be small, pump and dump fight if you discuss the great potential for profit as discussed by the OP, if your intention is just saving it depends on your own taste sir.

[martinex]

The main point is what always results in winners and losers. Large capital is always synonymous in terms of investment, only governance must be correct whether you want to place it in the crypto world or deposit it into our bank account. But, whatever it is, banks still have many shortcomings due to interference from third parties who are so dominant. If in Crypto it is very different, it just depends on our intelligence and caution in protecting everything that is considered important.

[Kelward]

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).

This choice depends if the investor has cryptocurrency knowledge, this will determine if he will compere the one that is better for investment. Personally with my experience in crypto, I'll choose it's investment over fixed fiat deposit in the bank, this is because i understand  how profitable crcryptocurrency are. It also depends on the crypto coins that I'll be comfortable to invest in, it'll be none other than bitcoin. So I'll choose bitcoin investment because despite that it's volatile, it guarantees a far bigger profit, if the investor holds on a long term.

Bitcoin has ATH and bull run, something that no bank has, no matter the profit that banks make from you, it's only the agreed percentage that you're entitled to. But bitcoin is decentralized and the control is in the hands of the investor, so if the investor is able to wait for price pump, it's far more profitable to cash in than bank fixed deposit.

Aside from bitcoin, I can choose a reliable and time tested altcoin like ethereum, to invest in, instead of new altcoins that I don't know how Long they'll last in the market.

[fzkto]

The main point is what always results in winners and losers. Large capital is always synonymous in terms of investment, only governance must be correct whether you want to place it in the crypto world or deposit it into our bank account. But, whatever it is, banks still have many shortcomings due to interference from third parties who are so dominant. If in Crypto it is very different, it just depends on our intelligence and caution in protecting everything that is considered important.

A good point is that in a bank your money does not belong to you and it may happen that you cannot use it anytime you want. But still, the main difference is that in a bank you are just storing your money but not investing. When you buy cryptocurrency, it is already an investment.

[speeder]

The profit share of investors in banks is much less than the profit share of investing in altcoins. But for the investors in the bank, the share of profit is a little less, but they do not have to bear any risk with the capital. But investing in altcoins has some risk of capital, but I think it is mainly for those who have no experience with this altcoin. For a new investor to invest in crypto, it is important to have a good understanding of crypto trading. And as far as I know no one has ever achieved success in this world without risk. From my point of view I would say that even though there is some risk involved in altcoin investing, I would still choose to invest in altcoins for my own success.

[Mame89]

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 the two is difficult, because they are different. In banks the risk is low, the profits are also small and we even have to lose value due to inflation. Meanwhile, crypto clearly has high risks but can make big profits.

If you have extensive knowledge, crypto investment might be a good choice. Because with good knowledge you can reduce losses. Crypto investment can make you rich in an instant and can make you bankrupt in an instant. If you are on this forum, don't waste the opportunity to learn more so that the money you have can be used for long-term investments.

[doomloop]

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).

I am not sure about the percentage split but it is probably the best approach even though most people think that one should store all their wealth in cryptocurrencies because it will increase over time but it isn't something one should do because the market is highly unpredictable and volatile and it can lose value as well, and if your assets are in loss and you need funds for an emergency, you won't have a choice but to sell some of them at a loss which you wouldn't need to do if you have funds in the bank as well.

So, even if it's profitable keeping your wealth in cryptocurrencies, especially Bitcoin, it's better to just keep a percentage of it in it and keep the remaining money with you and in fiat because you can't spend Bitcoin since we haven't reached that point yet, and you will need cash for anything that happens.

[Dr.Osh]

Is there any profit in banks. If the altcoins is rising well this 8-10% for a year is nothing compared to the altcoins. And as I said in other comments before a bank gives you interest because your money is in their bank and that means you have enough money that up to millions which they can use to do business aside that I don't think they will give such bonus to small amount of money.

Even though cryptocurrency investment is more risky than the Bank, I still prefer cryptocurrency investment to Bank. This days, I only use the bank if I want to use fiat currency to buy something. I don't keep funds in the bank any more.

Even though I have some money in the bank as savings, when it comes to investment, I also tend to choose cryptocurrency. that's because the percentage given to cryptocurrency is much greater than what banks give. Moreover, it is an investment with great potential. That's quite meaningful for people who are developing the economy they have and are ready to take risks.
Besides that, many people choose banks because they have a lot of assets, and they tend to choose investments that have low risk.

[mdzahed134]

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).

Both of different investment, so risk also high in crypto but i don’t think any risk of bank investment if bank will not be bankruptcy in the future. I would like to go with crypto profits after involved in crypto, because in banks so many ruls as like i can't withdraw my money in less than one year as like that, but in crypto i can profit even in daily.