Altcoins profits or bank profits, which best?

[Essential10]

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

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

[niall51]

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 prefer buying altcoins rather than bank deposits because altcoins can make me a profit of at least 2-5x my capital compared to deposits, the return is very small, 8-10% every year, considering the very small returns and inflation every year, I'm not interested in putting my money in to deposits, that's why I chose altcoins to invest, but remember, this is just my opinion. Every investment has its own risks, so do your own research before investing.

[NewRanger]

It is better to invest in crypto currency and do it with your own money and not with a loan from someone.Investing in any coin is not only profitable but also has the possibility of loss. So those who borrow from others or borrow from banks to invest in crypto, I think they are making a mistake because they will face a lot of problems if the price of their invested tokens goes down.

For altcoins, please adjust it to the times, if the tide is very volatile, the advice is to watch and monitor prices, otherwise the potential for returning the money we borrow from other people will not be realized. The slightest dump of BTC altcoins is quite fast enough to press downwards and the rise is also very slow and forget to use the SL method if you have time even though corrections are a normal thing in the market cycle, every trader or investor will buy and sell until they are liquid or take their profits.

[GlacierBIT]

Any opportunity is a chance to increase your capital, you need to try everything in life to understand what really suits you. Banks sell us on their safety and stability, but accepting this choice entirely could limit your capital growth potential. Try cryptocurrency trading, you can gain valuable experience, perhaps help you achieve your financial success.

[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).

I prefer buying altcoins rather than bank deposits because altcoins can make me a profit of at least 2-5x my capital compared to deposits, the return is very small, 8-10% every year, considering the very small returns and inflation every year, I'm not interested in putting my money in to deposits, that's why I chose altcoins to invest, but remember, this is just my opinion. Every investment has its own risks, so do your own research before investing.

Better to know the truth and not just blindly listen and follow someone's opinion, I think your reason is valid if you find the place where better understanding is already established, chances to earn from this venue is possible and like what you said x2 or more is really happening with those solid projects who gained decent support from the community.

Do your DYOR on both side of these two types of investment before deciding if which of the two will be fit to the type of your attitude towards your investment belief.

[Tahid12]

Banks aren't established to generate income for you but to give you assurance of your money. banks are not place of investment where crypto market is a place of investment. So it doesn't Valid thought to comapre these two by profit calculation. Undoubtedly crypto will be the best place for income if a person have a little know about crypto management. People only make loss in crypto market due to their greed of become rich within short time.

[yazher]

The best profit I got was from altcoins because of my investment and took part in their bounties, in that kind of scenario I doubled my earnings and I was able to convert it to some huge cash because I was able to sell them at their ATH. this is the kind of story I miss nowadays because new projects are not meant for some real platforms instead, they use their knowledge to scam people and steal others' ideas just to make it real and they use it to lure newbie investors. I really miss the old days when you didn't need to spend a lot of time to spot the right project to invest your money in and make a decent profit every time you hit the real ones.

[dlightag]

Investing in alt-coins is more profitable than bank as long is long term investment, because local currency has no specific supply and some country their local currency depreciating from US Dollar, while alt-coins has specific amount supply, Such as top 10 alt-coins in coinmarketcap.

[john1010]

here's my answer to your title: Altcoins rofit or bank profit, which best?

It ultimately depends on individual investment goals, risk tolerance, and market conditions. Altcoins can offer higher potential returns but come with increased volatility and risk. Bank profits, on the other hand, may provide stability and security but typically offer lower returns. Diversification across both may be a prudent approach for balancing risk and potential reward in an investment portfolio.

[kizlod]

A profit is a profit. The lower the risk - the lower the reward. Everyone resides for themselves on how much they want to risk their money.

[Dr.Osh]

here's my answer to your title: Altcoins rofit or bank profit, which best?

It ultimately depends on individual investment goals, risk tolerance, and market conditions. Altcoins can offer higher potential returns but come with increased volatility and risk. Bank profits, on the other hand, may provide stability and security but typically offer lower returns. Diversification across both may be a prudent approach for balancing risk and potential reward in an investment portfolio.

Well, basically it's just investment selection. Most people who want to make a profit with little risk will choose bank profits. I find this a lot in people who are almost retired. Their goal is to earn income as a percentage of their savings. I also get this a lot from people who recommend investments.
However, profits on altcoins are greater than banks, but they have big risks, and can even result in losses. However, it is very effective for people who have not too large capital.

[Fredomago]

The best profit I got was from altcoins because of my investment and took part in their bounties, in that kind of scenario I doubled my earnings and I was able to convert it to some huge cash because I was able to sell them at their ATH. this is the kind of story I miss nowadays because new projects are not meant for some real platforms instead, they use their knowledge to scam people and steal others' ideas just to make it real and they use it to lure newbie investors. I really miss the old days when you didn't need to spend a lot of time to spot the right project to invest your money in and make a decent profit every time you hit the real ones.

You said it right, what's happening now inside crypto industry is more on duplicate and scam projects, it's hard now to pick the right one that  might deliver decent benefits, with so many scam projects that being offered and from those many investors who cried out when experienced their losses, it's really going to depends from how you deal with your deep research and study.

here's my answer to your title: Altcoins rofit or bank profit, which best?

It ultimately depends on individual investment goals, risk tolerance, and market conditions. Altcoins can offer higher potential returns but come with increased volatility and risk. Bank profits, on the other hand, may provide stability and security but typically offer lower returns. Diversification across both may be a prudent approach for balancing risk and potential reward in an investment portfolio.

Well, basically it's just investment selection. Most people who want to make a profit with little risk will choose bank profits. I find this a lot in people who are almost retired. Their goal is to earn income as a percentage of their savings. I also get this a lot from people who recommend investments.
However, profits on altcoins are greater than banks, but they have big risks, and can even result in losses. However, it is very effective for people who have not too large capital.

Different types of people have have their different types of understanding the risk and potentials, you can see conservative investors to keep putting their money in the bank for some time deposit interest, while with those new era of investors who understand the potential of investing inside crypto you will hear them putting their trust to this venue of investment.

[SUPERSAIAN]

You know there is such a thing as inflation, right? When you earn 8% or 10% extra money annually, you do not earn money in the current period, on the contrary, your money may have lost even more value, it does not matter which country or fiat currency it is in that year. At the same time, when you keep money in the bank, that money is not even truly yours.

What you really want to ask is bank profit or crypto currencies. Although my answer is clear from what I wrote above, altcoins may contain high risks. It is important to invest by being aware of this and to be patient for the right times.

[batang_bitcoin]

A profit is a profit. The lower the risk - the lower the reward. Everyone resides for themselves on how much they want to risk their money.

Yes, both of them as long as they're profit, that's the best thing that you'll ever have. So, it doesn't matter what profit you're getting if it's from the altcoins, bitcoin or from the banks. As long as you're consolidating these things and you're in profit, that's what is the important thing. Because we're here to invest and not to just lose the money we have earned. But to grow and make profit from it, there are people that are risk takers and invests in altcoins and there are the conservative that invests or deposits only to the banks.

[Reatim]

If you look at the system, it is very contradictory between banks and crypto, banks are centralized while crypto is decentralized. However, actually those who invest in the banking world only want their money to have value and be recognized by the state. This is different from crypto, which until now not all countries have approved cryptocurrency as a legal currency and can be used by all countries.

Not all Altcoins are decentralized, Altcoins like Ethereum, Litecoin and Monero are classified as being decentralized due to not having the project controlled by any entity or group of people but relies on it's network as a matter of buy and sell. Altcoins like BNB, XRP and many more are all centralized due to having a team behind helping them regulate the price.

Sometimes people are still confused which coin is centralized and which is decentralized and also those who does not completely know about decentralization and this made them blind but still delivering their answers in some threads that they don't really understand.

Yooo man this is a hell of compare.

Altcoins may give you 1000$ in one min but that also can work on another hand like losing all your invested money in one min. Banks profits may be lower but your money will be there safely no matter whether interest lower or higher.

yes, I agree, if you invest in altcoins, once the profit is very profitable, but once the loss, the loss is very ...
different from in the bank, in the bank the profit is small but our money is safe as little as the loss but if I can suggest investing in gold.

It is correct to suggest investing in gold but gold is linked to the country's economy. The gold market will go down if it has a bad effect on the economy. For those who are afraid of altcoins bank is safe but there are good coins in altcoins if you invest in them Ethereum, BNB have a chance to profit.

those who are  advising gold ? must not be in this market and obvious that are not investors because if you truly knew crypto you will never talk about gold and its quality because that is far from the quality of crypto.

[gabbie2010]

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).

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

Truly it is people who are unknowledgeable in crypto would leave their funds in the banks because they didn't know the huge profit that can be earned from crypto investment, infact investing in Bitcoin or Ethereum is far less risky than any bank, the downside is only  if there is a massive dump in the price of the invested crypto yet if the investor kept on hodling their coins there is certainly and tendency of the crypto to regain it price and pump bullish thus profit is guaranteed as well as the invested fund, the only risk involved is on how each individual and hodlers secure their wallet and above all I think saving ones hard earned money in a bank is like losing opportunity of earning decent income via crypto investment.

[Fredomago]

A profit is a profit. The lower the risk - the lower the reward. Everyone resides for themselves on how much they want to risk their money.

Yes, both of them as long as they're profit, that's the best thing that you'll ever have. So, it doesn't matter what profit you're getting if it's from the altcoins, bitcoin or from the banks. As long as you're consolidating these things and you're in profit, that's what is the important thing. Because we're here to invest and not to just lose the money we have earned. But to grow and make profit from it, there are people that are risk takers and invests in altcoins and there are the conservative that invests or deposits only to the banks.

Yeah, the intention is to make money basically you are seeking for good ways to grow your investment and like what you just mentioned, it's depends from how a person take the risk, for hardcore risk takers they find altcoin investment as best place to make money knowing that there's  huge amount of potential benefits once they make the right asset to invest, while for conservative and a secure type of investment, aside from possible closure of the bank they are okay with small profits as long as there's progress and the level of risk is slim.

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).

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

Truly it is people who are unknowledgeable in crypto would leave their funds in the banks because they didn't know the huge profit that can be earned from crypto investment, infact investing in Bitcoin or Ethereum is far less risky than any bank, the downside is only  if there is a massive dump in the price of the invested crypto yet if the investor kept on hodling their coins there is certainly and tendency of the crypto to regain it price and pump bullish thus profit is guaranteed as well as the invested fund, the only risk involved is on how each individual and hodlers secure their wallet and above all I think saving ones hard earned money in a bank is like losing opportunity of earning decent income via crypto investment.

Yes, those who can't take the risk and unable to provide decent time to research will not entertain crypto investment, while for investors who can take the big risk, it's possible for them to take closer look and start investing their money.

[cryptoWODL]

A profit is a profit. The lower the risk - the lower the reward. Everyone resides for themselves on how much they want to risk their money.

There are risks involved wherever you keep your money, be it in a bank or cryptocurrency. By risk I mean that when you put your money in a bank if that bank goes bankrupt at some point then you are bound to lose all the money you have deposited. Similarly when you invest your money in alt coins there is risk involved because you don't know exactly if the price of the coin you buy will increase.

If the price of your invested coin goes up then you can profit otherwise if the price of your invested coin goes down you lose your money. So you need detailed experience and observation about alt coins so that you don't lose your invested money. Keeping money in alt coins instead of keeping it in the bank only makes sense when we can invest our money potential alt coins and hold it for a long time.

[Tahid12]

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

[Miles2006]

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

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

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