Alpha Marine
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August 22, 2024, 04:50:16 PM |
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Actually it has the potential to make gains even quicker than Bitcoin
Traditional banks do not make as much profit as we think they do. Most of them rely on loans and international exchange to make good profits in the banking system. Having a share in a bank would only potentially for more gains compared to investing in Bitcoin if the shares in that bank are above 5% or 10% anything below that is average. Don't be so sure about that. Local banks make a lot of profit. I guess you don't have an idea of the amount of profit that they make yearly from the loans you're looking down on. We're not talking just payday loans in thousands, they give out loans in millions of dollars that they will receive a 10 to 20% interest annually for the next 5-10 years. I think you should read up on it before concluding. One local bank in my country made a 120% increase in gross profit in 2023. They made over a billion dollars in gross profit that year. This may be a big bank in my country, but globally they are small and they make this kind of profit. In fact, it's rated 856th in the global ranking, it's the 4th biggest globally rated bank in my country, so imagine how much profit the bigger ones make annually. Dividends to shareholders are paid from the net profit so that means after a year. shareholders have made more than a hundred per cent profit on their investments. And since it's paid "dividends per share", the more shares you have, the more dividends you'll receive. Investing in Bitcoin would give maximize profit if large money is invested in it, and over the years may be a decades or interval 5 years. Bitcoin would yield more potential compared to the shares any bank could give.
Isn't that the same with almost every investment? A person who buys just one share and a person who buys thousands of shares in a company won't make the same profit, will they? And over the years will the share grow even further?
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lixer
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August 22, 2024, 05:16:51 PM |
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Many people in my country still don't believe in Cryptocurrency and would rather save or invest with local banks but the recent sad event would serve as an eye opener to them. One of the top leading banks in my country (GTB) got there server invaded by hackers, some period before it happened they where advising customers to buy their shares and many customers did, I feel so sorry for those who bought shares with them cause their money is probably gone.
Whereas investors could only lose totally on Cryptocurrency when they fail to invest on Bitcoin or other good Cryptocurrencies and instead invest on shit coins, or they save their assets on a custodial wallet instead of a non-custodial one, else Cryptocurrency especially Bitcoin is one of the best and safest investment any investor could think of.
I wonder why anyone would even think of buying shares with a local bank or saving huge part of their money with them, when they could save for a long-term with Bitcoin and make huge returns later, Bitcoin blockchain makes it very secured and the only ways an investor is at risk is saving their asset with a wallet that could easily be penetrated by hackers or fail to safeguard their private keys.
There is no doubt that Bitcoin and other cryptocurrencies have proved to be one of the best investment assets for the time they have been around, but we can't deny the fact that traditional investment methods existed before them and a lot of people have largely benefitted from them. There are a lot of billionaires and millionaires in the world right now, and most of them have their wealth because they used traditional ways of earning money and not cryptocurrencies. It's understandable that investments with banks might not bring you a lot of profit, and unfortunate things like this can happen, but that doesn't make them completely useless. If a person can afford to do it, they should diversify their investment portfolio by investing in multiple streams so that they can have different outcomes from them. Having some money invested in banks or traditional stocks and some in cryptocurrencies is a better option to go with. Banks and stocks will provide slow and steady profits over a long term while cryptocurrencies will provide higher profits in a shorter time frame.
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GigaBit
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August 23, 2024, 06:21:37 PM |
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People invest and save in banks because they think it is safer. Cryptocurrency is a risky investment and you might lose your money if you misplace your private key or recovery phrase or if your wallet/ account gets hacked. The majority of the people are not risk-takers and go with the conventional methods when it comes to investment.
Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc. We can easily learn about the benefits of crypto investment by reviewing the profit ratio of those who invested in Bitcoin for a long time and those who kept money in the bank at the same time. We must recognize that no investment is risk free.
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stadus
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August 23, 2024, 08:59:10 PM |
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People invest and save in banks because they think it is safer. Cryptocurrency is a risky investment and you might lose your money if you misplace your private key or recovery phrase or if your wallet/ account gets hacked. The majority of the people are not risk-takers and go with the conventional methods when it comes to investment.
Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc. We can easily learn about the benefits of crypto investment by reviewing the profit ratio of those who invested in Bitcoin for a long time and those who kept money in the bank at the same time. We must recognize that no investment is risk free. Both are certainly risky. However, in order to lessen the risk, you can invest in both at an amount you can afford to lose. Just put a minimal amount in local banks, so that when hackers succeeded on their goal, you won't be losing too much. And when it comes to crypto investment, it will only get risky if you are not knowledgeable and prepared enough to take and overcome the risk. Being blind with your investment will add more risk into it. So you have to know your investment well, otherwise you will be at the losing end.
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Tigerheart3026
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August 25, 2024, 05:51:45 PM |
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People invest and save in banks because they think it is safer. Cryptocurrency is a risky investment and you might lose your money if you misplace your private key or recovery phrase or if your wallet/ account gets hacked. The majority of the people are not risk-takers and go with the conventional methods when it comes to investment.
Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc. We can easily learn about the benefits of crypto investment by reviewing the profit ratio of those who invested in Bitcoin for a long time and those who kept money in the bank at the same time. We must recognize that no investment is risk free. both have same disadvantages about security issues, but i think bank is less risky than in cryptocurrencies investment because you know about your local bank is how much safer and you can pick the best bank in your country which is very strong in security but in cryptocurrency investment it’s quite difficult to safe money for newbies even for experienced peoples.
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Dr.Bitcoin_Strange
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August 26, 2024, 08:39:15 AM |
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Do one need to only have or rely on only one source of investment? The answer is no! Economist will always advice people against having all their investment only in one place because of the risk involved. No one can tell what will happen tomorrow, if you invest all your money into bitcoin and you got attacked by hackers and lose all your asset, that's a misfortune that is usually unpredictable. Life itself is dynamic and we must always learn to diversify our investment and prepare for what ever that comes.
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michellee
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August 26, 2024, 11:25:27 AM |
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That will be up to them if they use the other investment type besides of crypto. We can not forces them to invest in crypto even if they know about crypto. That will be their decision to select where they will invest their money.
We can only show them that crypto can be a good place to save their money. It needs to have an open minds to accept crypto as their investment so it is better to give them time to understand. If they are not interest with crypto, that will be up to them.
They think that saving their money in stock, shares in their bank will be save. Their government can back up their money when something bad happen with their money and will return the money to them. Maybe they will start to open their minds when they see more people can make money by using the investment from crypto.
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Republikcoin.com
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August 26, 2024, 12:02:24 PM |
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both have same disadvantages about security issues, but i think bank is less risky than in cryptocurrencies investment because you know about your local bank is how much safer and you can pick the best bank in your country which is very strong in security but in cryptocurrency investment it’s quite difficult to safe money for newbies even for experienced peoples.
For how to secure money in these two things, it is indeed different because the level of risk is also very different, but you also have to realize that in this world there are also banks that go bankrupt and there are also banks that experience disasters such as fires and failures of their systems due to other natural disasters. So that every place always has its own level of risk and security and we just need to be aware of it so that we can choose the right one for ourselves. In addition, local banks also have an excessive level of difficulty when we want to withdraw large amounts of funds which must have a fairly logical reason, while in crypto there is no specific reason for withdrawing funds in such a large amount and can be sent directly without having to queue at the bank teller when you want to send a large amount.
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slapper
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August 26, 2024, 12:51:06 PM |
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That will be up to them if they use the other investment type besides of crypto. We can not forces them to invest in crypto even if they know about crypto. That will be their decision to select where they will invest their money.
We can only show them that crypto can be a good place to save their money. It needs to have an open minds to accept crypto as their investment so it is better to give them time to understand. If they are not interest with crypto, that will be up to them.
They think that saving their money in stock, shares in their bank will be save. Their government can back up their money when something bad happen with their money and will return the money to them. Maybe they will start to open their minds when they see more people can make money by using the investment from crypto.
Crypto is about where you believe the damned world is going, not simply about money. We are discussing a completely new financial system here. Indeed, banks appear to be safer; governments support this and much else. But in this bizarre new world, can those old dinosaurs keep up? The idea of cryptocurrencies is different. It's about seizing control and bucking the herd. It's about your values as much as the money. It's about mustering the bravery to challenge the current quo. Those who avoid cryptocurrencies are afraid of change as much as of risk. Following the throng, they are content in their small boxes. But you have to make decisions: are you going to lead or are you going to get left behind? The world moves quickly.
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Tigerheart3026
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August 26, 2024, 03:22:31 PM |
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both have same disadvantages about security issues, but i think bank is less risky than in cryptocurrencies investment because you know about your local bank is how much safer and you can pick the best bank in your country which is very strong in security but in cryptocurrency investment it’s quite difficult to safe money for newbies even for experienced peoples.
In addition, local banks also have an excessive level of difficulty when we want to withdraw large amounts of funds which must have a fairly logical reason, while in crypto there is no specific reason for withdrawing funds in such a large amount and can be sent directly without having to queue at the bank teller when you want to send a large amount. yes this great opportunity in cryptocurrency investment, no limit in transfer money, no one ask to reason about transfer large amount that's a big freedom undoubtedly. i told bank bank is less risky than cryptocurrency it’s have another purposes because safety is first priority, there are many people who lose everything after investing in crypto just because of they were not security conscious or lack of knowledge in security.
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Casdinyard
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August 26, 2024, 04:48:11 PM |
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This is a very skewed and fucked up vision of how cryptocurrency works. You losing money cause you invested in shitcoins? that's just ridiculous. Let me tell you how shitcoins with no apparent purpose aren't as different as bitcoin fundamentally, it just so happened that bitcoin was arrived earlier than these coins.
I'd hate to digress but I hate the fact that you maximalists assume bitcoin is the only coin there is to buy and everything else is shitcoin, even more so ridiculing and taking pity on other people just cause they didn't invest in crypto, or that they experienced pretty sad and fucked up shit while investing in something else other than crypto. This also happens on the regular in this industry, I'd argue it happens even more than it does with banks and all that shit you talked about. It just became so common that everyone stopped talking about it. Hell, it even became a rite of passage of sort to be hacked or scammed here in our industry, so what does that make of crypto?
You have to be a certain kind of stupid to think that crypto's any better than known and trusted ways of investing and trading. Stop with this shit.
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kawetsriyanto
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August 28, 2024, 11:54:32 PM |
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Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc.
It will depend on what coins to invest and what banks to choose for saving your money. If you choose the banks with good reputation, your money will be quite safe at banks. But most people do savings in banks, they don't invest in banks. In my country, if people want to invest their money in real assets, they will prefer to choose lands or Gold. Regarding investing in crypto, it will be riskier if you choose random coins, especially the new meme coins. There are a lot of new meme coins to last in a short time. The developers just expect to gain money from early investors. Although we choose fundamental coins, many of them have no progress after few months or years. We can say crypto investment is safe if we choose the most recommended coins such as Bitcoin and Ethereum.
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| .DAKE.GG. | │ | ░░░░░░▄█████▄ ▄█████████████████▄ ██░░░░░░░░░░░░░░░██░░▄██▄ ██░░▀▀█░▀▀█░▀▀█░░██░░████ ██░░░█▀░░█▀░░█▀░░██░░░██ ██░░░░░░░░░░░░░░░██░░░██ ███████████████████░░░██ ▀█████████████████▀░░░██ █████▀▀▀▀▀▀▀▀▀█████▄▄▄██ █████▄▄▄▄▄▄▄▄▄█████▀▀▀▀ ░█████████████████ ░░▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | | .NEXT LEVEL CASINO & SLOTS. | | | ░░░░░░░░░▄▄▄▄▄▄ ░░░░████████▀▀▀▀ ░░░░██░▀░██░████████▄▄▄▄ ░░░░███▄███░█░░█████████ ░░░░░█████░█████████████ ░░░░░▀████░█████▀░█████ ▄▄▄▄▄░███░░███▀░░░░████ █▄█▄█░░██░███▄░░░░░▄██▀ █▄█▄█░░▀▀░▀████▄░▄████ ▄▄░░░░█████░██████████ ░▄▄▀░░██▄██░▀▀▀▀█████ ░░░░█░▀▀▀▀▀ | │ | | | │ | ..PLAY NOW.. |
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AmoreJaz
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August 28, 2024, 11:59:18 PM |
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Investing in banks is riskier than investing in cryptocurrencies, but the returns are very limited. Cryptocurrencies have come as a boon to those looking for a platform to earn more. However, before investing, an investor must know some basic things, especially to be careful about security issues for saving crypto assets, such as keeping the private key or passphrase of the wallet in a good place and keeping yourself away from relatively risky investments, etc.
It will depend on what coins to invest and what banks to choose for saving your money. If you choose the banks with good reputation, your money will be quite safe at banks. But most people do savings in banks, they don't invest in banks. In my country, if people want to invest their money in real assets, they will prefer to choose lands or Gold. Regarding investing in crypto, it will be riskier if you choose random coins, especially the new meme coins. There are a lot of new meme coins to last in a short time. The developers just expect to gain money from early investors. Although we choose fundamental coins, many of them have no progress after few months or years. We can say crypto investment is safe if we choose the most recommended coins such as Bitcoin and Ethereum. Investing in crypto is not for all, you need good grasp on how this market works. This is why for ordinary people, they won't touch this market. For them, tangible assets are preferrable to invest as they can see it. When it comes to saving - banks are known to have very small interest, so treat it as just for storage purposes and not because you want to earn good profits out of it. Unless, you will place your funds in time deposit or other profitable services offered by the bank.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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kawetsriyanto
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August 30, 2024, 10:34:29 PM |
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Investing in crypto is not for all, you need good grasp on how this market works. This is why for ordinary people, they won't touch this market. For them, tangible assets are preferrable to invest as they can see it.
Of course, ordinary people prefer physical assets. They don't understand digital assets, we can understand if they don't have an intention to join crypto investment. Even, the people who know digital assets, there are some of them still worried investing in crypto. They argue crypto won't last a long time and it is too risky assets. Well, there will be always reasons for people who ignore crypto. However, crypto always proves that their bad assumption isn't true. Crypto already survived more than 10 years and Bitcoin showed its great improvement as the main coin in crypto industry. When it comes to saving - banks are known to have very small interest, so treat it as just for storage purposes and not because you want to earn good profits out of it. Unless, you will place your funds in time deposit or other profitable services offered by the bank.
If we store money to banks, the purpose is for savings. Many people don't really care with the interest. If they want to invest their money, they mush choose another thing that have a potential to grow the price. Lands, gold, silver, property, and another thing that grows the values.
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| .DAKE.GG. | │ | ░░░░░░▄█████▄ ▄█████████████████▄ ██░░░░░░░░░░░░░░░██░░▄██▄ ██░░▀▀█░▀▀█░▀▀█░░██░░████ ██░░░█▀░░█▀░░█▀░░██░░░██ ██░░░░░░░░░░░░░░░██░░░██ ███████████████████░░░██ ▀█████████████████▀░░░██ █████▀▀▀▀▀▀▀▀▀█████▄▄▄██ █████▄▄▄▄▄▄▄▄▄█████▀▀▀▀ ░█████████████████ ░░▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | | .NEXT LEVEL CASINO & SLOTS. | | | ░░░░░░░░░▄▄▄▄▄▄ ░░░░████████▀▀▀▀ ░░░░██░▀░██░████████▄▄▄▄ ░░░░███▄███░█░░█████████ ░░░░░█████░█████████████ ░░░░░▀████░█████▀░█████ ▄▄▄▄▄░███░░███▀░░░░████ █▄█▄█░░██░███▄░░░░░▄██▀ █▄█▄█░░▀▀░▀████▄░▄████ ▄▄░░░░█████░██████████ ░▄▄▀░░██▄██░▀▀▀▀█████ ░░░░█░▀▀▀▀▀ | │ | | | │ | ..PLAY NOW.. |
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Princess Leah (OP)
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August 31, 2024, 12:41:31 AM |
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Investing in crypto is not for all, you need good grasp on how this market works. This is why for ordinary people, they won't touch this market. For them, tangible assets are preferrable to invest as they can see it.
Of course, ordinary people prefer physical assets. They don't understand digital assets, we can understand if they don't have an intention to join crypto investment. Even, the people who know digital assets, there are some of them still worried investing in crypto. They argue crypto won't last a long time and it is too risky assets. Well, there will be always reasons for people who ignore crypto. However, crypto always proves that their bad assumption isn't true. Crypto already survived more than 10 years and Bitcoin showed its great improvement as the main coin in crypto industry. In the aspect of choice of investment, You're right though cause their are some people who still believe in physical investment than digital ones, but one thing I believe is that the world is evolving very fast and it's gone digital and as the latest trend everything including investment is now switching to that dimension, that's why Cryptocurrency (especialy Bitcoin) is currently the latest trend for investors. It's not like other assets are not worth it or are useless but I think that as things are evolving, joining the latest trends is a very good option, moreover Bitcoin has proved over time to be a safer and one of the best assets for investment, all an investor just need is to take their time and study it, understand the trend before jumping into it then they'll be good to go. Surviving more than 10 years is enough prove for investors to see it's potential for the future, well it's not for everyone especialy those who doesn't understand it.
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X-ray
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August 31, 2024, 03:02:22 AM |
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Do one need to only have or rely on only one source of investment? The answer is no! Economist will always advice people against having all their investment only in one place because of the risk involved. No one can tell what will happen tomorrow, if you invest all your money into bitcoin and you got attacked by hackers and lose all your asset, that's a misfortune that is usually unpredictable. Life itself is dynamic and we must always learn to diversify our investment and prepare for what ever that comes.
but diversifying takes time and increase the risk getting entangled into problem though it's managed risk where even if we lost our money it won't affect our entire portfolio but sometime I find managing highly diversified portfolio to be so tiring that I settle with just crypto and saving money in banks nowadays, I don't even invest in stock anymore. however the problem that got described by OP as long as the money is insured by the government since it's bank that falls under heavy regulation of the government, I think it won't be a big deal isn't it. since the government will do reimbursement if things goes wrong, but well each government usually have differing laws and regulation so it's not necessarily true. regardless, crypto is undoubtedly a safe way to store wealth unless you keep in CEX where the single point of failure is similar to banks.
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Hanadawa
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August 31, 2024, 03:37:37 AM |
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Investing in Bitcoin would give maximize profit if large money is invested in it, and over the years may be a decades or interval 5 years. Bitcoin would yield more potential compared to the shares any bank could give.
I think investing in Bitcoin also has risks. Bitcoin is a cryptocurrency and it is very volatile. Putting all your money in Bitcoin and waiting for it for a 5 year interval can only be done if the money you are using is cold hard cash and you can hold it for 5 years. But the problem is you can see someone who invested in Bitcoin around 2021 when Bitcoin hit a new ATH. Today, after 3 years have they made a profit? I don't think so because Bitcoin is still around $60k. The big profit was made when someone invested in Bitcoin in 2023 when Bitcoin price was around $20k. Now, after only 1 year has passed and they have made a profit of up to 200%. Both are certainly risky. However, in order to lessen the risk, you can invest in both at an amount you can afford to lose.-snip-
I agree with you. For me we can put some of our wealth in the bank with deposits and take the interest as profit for our daily needs. We can invest in the stock market and hope for annual returns. And we can invest in cryptocurrencies as a long-term investment.
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Wildwest
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August 31, 2024, 07:58:15 AM |
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The various ways to make the safest investments available in our country in digital investment are not, as we say, safer than local banks, there are special banks for investment that cooperate in investing on a legal basis. The profits that are obtained will also be shared with all of us, which is much greater. from property investments such as land, axles and silver. In this technological era, property investment is very rare, we even find real sales, turning to digital assets like Bitcoin, all good investments, but our different choices and beliefs are the reason for the current problem.
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Republikcoin.com
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August 31, 2024, 01:34:13 PM |
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yes this great opportunity in cryptocurrency investment, no limit in transfer money, no one ask to reason about transfer large amount that's a big freedom undoubtedly. i told bank bank is less risky than cryptocurrency it’s have another purposes because safety is first priority, there are many people who lose everything after investing in crypto just because of they were not security conscious or lack of knowledge in security.
Some people who have lost everything through crypto investment also need to be investigated properly whether these people did it right or even made fatal mistakes that could result in them losing everything in crypto. Because after all, crypto technology is still much better than the technology used by banks, even though banks always try to protect the funds of their respective customers while using the funds in several sectors that can generate profits for the bank. And if you have seen some people who have lost everything through crypto, you should also see that there are many people who have gained everything through crypto and also don't forget to investigate some people who were disappointed with the bank when they wanted to withdraw large amounts of funds for more logical reasons.
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m2017
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August 31, 2024, 01:47:35 PM |
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Many people in my country still don't believe in Cryptocurrency and would rather save or invest with local banks but the recent sad event would serve as an eye opener to them. One of the top leading banks in my country (GTB) got there server invaded by hackers, some period before it happened they where advising customers to buy their shares and many customers did, I feel so sorry for those who bought shares with them cause their money is probably gone.
Whereas investors could only lose totally on Cryptocurrency when they fail to invest on Bitcoin or other good Cryptocurrencies and instead invest on shit coins, or they save their assets on a custodial wallet instead of a non-custodial one, else Cryptocurrency especially Bitcoin is one of the best and safest investment any investor could think of.
I wonder why anyone would even think of buying shares with a local bank or saving huge part of their money with them, when they could save for a long-term with Bitcoin and make huge returns later, Bitcoin blockchain makes it very secured and the only ways an investor is at risk is saving their asset with a wallet that could easily be penetrated by hackers or fail to safeguard their private keys.
Not everything is so clear. There is a whole list of coins called cryptocurrencies (just look at coinmarketcap), but I would be afraid to say out loud that investing in these coins is safer than in a local bank. It is necessary to clearly separate cryptocurrencies for investment from a wide list of shitcoins. Also, for example, in my country, there is such an option when, up to a certain amount, the deposit is returned if the bank goes bankrupt or ceases to exist. I am 120% sure that there is nothing like this in any cryptocurrency, not even in bitcoin. Anything you lose in investing in cryptocurrencies, you lose forever. You need to soberly weigh the risks and your capabilities. For one, it is profitable to invest in crypto, and for another - in banks. For example, how do you imagine investing a 70-year-old grandmother in cryptocurrencies, who doesn't even know how to use a mobile phone? Of course, she invests in banks out of old habit and this option will be good for her, because if she starts investing in shitcoins, she will lose everything. Everyone has their own way of investing and cryptocurrency should not be imposed as the only and correct solution.
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