Investing on Cryptocurrency is safer than saving or investing with local banks

[YOSHIE]

Investing on Cryptocurrency is safer than saving or investing with local banks

For me, both are not safe, anyone who plays on the internet definitely has risks, one of which is hackers, banks are prone to hackers, crypto is the same, whatever the name of the place where crypto assets are stored, for me the safest investment is gold, you have nothing to do with the internet and you don't need to worry about hacking.

Talking about buying shares and investing, for me there are two understandings for that.
1. Bank shares, if you do this the benefits are clear, it's just that you need to sign a contractual agreement and the bank is more trusted, because if there is a problem with the customer, it is clear where to complain and most banks are responsible for the customer's funds, whatever happens.
2. Crypto as most people know, in carrying out investment activities, users do not yet clearly know what other benefits there are if they choose the wrong type of crypto investment and if there is a problem, everything is resolved, there is no place for complaints, not the same as banks.

So, both places have risks, if you talk about economics/money, the choice is up to each individual.

[stomachgrowls]

Investing on Cryptocurrency is safer than saving or investing with local banks

For me, both are not safe, anyone who plays on the internet definitely has risks, one of which is hackers, banks are prone to hackers, crypto is the same, whatever the name of the place where crypto assets are stored, for me the safest investment is gold, you have nothing to do with the internet and you don't need to worry about hacking.

Talking about buying shares and investing, for me there are two understandings for that.
1. Bank shares, if you do this the benefits are clear, it's just that you need to sign a contractual agreement and the bank is more trusted, because if there is a problem with the customer, it is clear where to complain and most banks are responsible for the customer's funds, whatever happens.
2. Crypto as most people know, in carrying out investment activities, users do not yet clearly know what other benefits there are if they choose the wrong type of crypto investment and if there is a problem, everything is resolved, there is no place for complaints, not the same as banks.

So, both places have risks, if you talk about economics/money, the choice is up to each individual.

There's no such thing about being safe on this world even no matter how small the risks is then it will really be that still consider as risks. When you are making use of banks then it cant really be denied that we have been long time be able to make use of these institutions when saving up our fiat money as savings. Although the risks of bankruptcy would really be there and this is why it will be having that sense that we shouldnt really be putting all of our money on banks and let those cash be circulating in other means and this is where business and investment would really be kicking in but of course taking up such step will really be needing up even more risks on which there's a potential that you do lose up money rather than on earning and if you cant be able to bare up the risks then better you should sit down and save up your money on banks.

Putting up your money on bank isnt consider investing because if we do tend to look at on that annual dividend then you are really just that only getting 1.5% per annum on which its
never been that good on any angle. If you are someone whose really that wanting to make those money to grow then you will be needing to add up some risks via those further actions
like making investment or business. Although this doesnt mean about guarantee but at least you are trying to make a move on which is significant and could potentially be able to reach up your goals.

[Tigerheart3026]

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.

a lot of people lost everything in crypto, mistake can happen even for long years experienced people, there are no person without mistake in crypto,
many things wrong in banking system and have problem with their rules like to withdraw large amount of funds, but you can not stop using bank.

[Dr.Bitcoin_Strange]

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.

When I speak of diversifying, I didn't mean to diversify on only cryptocurrency, there are  other asset like real estate, stock, gold, shares, bond, etc. If an individual doesn't want to save their money in the bank and they only want to invest into Bitcoin, they can still invest in only other real world asset.

[slapper]

~snip~

There's no such thing about being safe on this world even no matter how small the risks is then it will really be that still consider as risks. When you are making use of banks then it cant really be denied that we have been long time be able to make use of these institutions when saving up our fiat money as savings. Although the risks of bankruptcy would really be there and this is why it will be having that sense that we shouldnt really be putting all of our money on banks and let those cash be circulating in other means and this is where business and investment would really be kicking in but of course taking up such step will really be needing up even more risks on which there's a potential that you do lose up money rather than on earning and if you cant be able to bare up the risks then better you should sit down and save up your money on banks.

Putting up your money on bank isnt consider investing because if we do tend to look at on that annual dividend then you are really just that only getting 1.5% per annum on which its
never been that good on any angle. If you are someone whose really that wanting to make those money to grow then you will be needing to add up some risks via those further actions
like making investment or business. Although this doesnt mean about guarantee but at least you are trying to make a move on which is significant and could potentially be able to reach up your goals.

You're damn right, safety's a myth. Still, banks serve just as middlemen. They are hardly the panacea of financial security. Sure, hiding money under your mattress is bad, but so is mindlessly depending on banks for your whole future. You want development? You have to run some risks. Invest in companies; investigate the marketplaces. The actual activity is in that regard. Not accept those pitiful rates of interest. You are able of much more. Learn, see how money works, and then make it work for you. Indeed, there is risk involved. However, guess what? That is life. Playing things safe and allowing your potential to fade represents the largest risk

[fillippone]

. You want development? You have to run some risks. Invest in companies; investigate the marketplaces. The actual activity is in that regard. Not accept those pitiful rates of interest. You are able of much more. Learn, see how money works, and then make it work for you. Indeed, there is risk involved. However, guess what? That is life. Playing things safe and allowing your potential to fade represents the largest risk

This is the precipice function of fa banking system: transferring the duration of the liabilities and taking deposits (short-term liabilities) into long-term ones (mortgages).
So, they take some risk in this approach.
Of course, this is for a healthy commercial bank. Not that they are so currently, in this rigged system.

[CoinFoxs]

Both investments are different from each other if you invest in bank they gives you profit on the amount which is fixed on their bank and you don’t allow to use that money when you want that money before the completion of saving period they will charge fine on that amount and the profit is fixed in this scenario while when you are investing in crypto you have completely control on your capital amount but yes this investment is a bit risky but you can get higher profit than investing with banks.

[kawetsriyanto]

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.

In my village, most people still prefer physical investment. Only some people who wants to join digital investment. I think the main problem is about lack of knowledge about digital investment. Also, people choose physical investment because it is a popular choice here. As time goes by, probably there will more people join digital investments including crypto.

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.

Every investment must be worth it. It can't be called by investment if they are useless or not worth. But there are relatively safe investment, high-risk investment, and too risk investment. Bitcoin can be classified as a quite safe investment if we consider the growth of its price. People who assume it is high risk because they invest in lack of knowledge and don't understand how to deal with the volatility.

Surviving more than 10 years is enough prove for investors to see it's potential for the future

Exactly. Bitcoin has survived more than 10 years and its value keep raising. It actually proves perfectly the potential of Bitcoin for the future.