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Author Topic: My observation: A lot of people no longer save money for long term in the banks.  (Read 387 times)
Webutxo
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November 14, 2026, 11:44:01 AM
 #61

True. Here in my country, you can still see long lines outside the bank which means a lot are still trusting banks and still prefer to save more than spend and invest. That's because not all investments are safe and profit guaranteed, and some may not have the total knowledge and confidence yet to invest their hard-earned money.

But the best combo here is still to save fiat and invest into bitcoin and diversify your assets. Inflation will always be there, you just have to think of ways to hedge against inflation.

I'm just wondering why people will queue up in banks, I'm not sure that are investment purpose. Maybe that's a vicinity with limited banks. A bank premise is not suppose to have more people lining up except if they have a service they are running for some group of people and most times they don't last more than a week or month depending on the kind of people they are offering the service and the number of people that need such services.

We really have people that are banking more here. If you see a person that is not having their money on savings have used it to buy agricultural produce and are hoarding waiting for when the price will be expensive so they can sell and once they are done selling their investment, the money goes back into banks again, they sit and wait there for some times until harvest time again before they push back money into bank. As for regular business people, they do banking and savings almost everyday. Even the crypto bros has money in their savings in banks for use.

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November 14, 2026, 12:16:51 PM
 #62

If truly you know the meaning of hunger, op you will understand what it takes for person who is not interested in keeping money in bank for long time, the observation is correct, the country economy of many citizens has just position them from hand to mouth before when an economy is good citizens save money for long term and won't border of withdrawal or even touch it but where the economy is not friendly and favourable that citizens are suffering to survive hardship and feeding of three square meal is grace it's hard to see people save for long. Though the issue of most of this investment crypto generally platform like Bitcoin and the rest also made made not keeping their money for long in bank as saving where the return may not be much overtime, some prefer keeping their money in Bitcoin investment while the general purpose of people not saving for long is economy hardship where they haven't hard enough to saved.

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Today at 04:44:56 PM
 #63

True, Bitcoin taught many people how much you slowly lose if you have cash on hand waiting for a better investment opportunity. Fair lesson. Bitcoin also taught many people how boring 8% or 10% a year investments are and that real investing should be fast and exciting. Those are two very different lessons and people mix them up constantly.

So we stopped worshipping the savings account. I just wish the lesson had been "diversify" and not "banks are for fools". Concentrating your net worth in volatile assets like Bitcoin and stocks is risky. The markets aren't always on your side. Anyone with all their assets tied up in stocks and BTC is one bad month away from having to sell at the bottom. People who keep some cash on hand for emergencies (like paying rent, covering a medical bill, or fixing an unexpected car repair) and invest the rest are probably more financially intelligent than people on either side of that argument. Money in the bank isn't going to fund your retirement, but you do need some readily available cash for the next few weeks.

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Today at 05:26:45 PM
 #64


Do you also notice the shift that a lot of people are no longer saving for their retirements in the banks?
Surely the world is evolving and there is increase in technology and Bitcoin happens to be one of the greatest investment idea created, many people are switching from saving in fiat to investing in Bitcoin. The funny thing about Bitcoin that it doesn't just function as a means of online payment but investment, asset and money. It gives people the privacy and security they need in money. It is totally decentralized making each user have Total control of their asset unlike centralized where you have Total control.

I think that people still save for retirement in Bank but not all, it is just few of those who are not crypto inclined or those that feel that their money are stable in bank and not volatile, not knowing that their fund keep dieing of inflation why the amount remain constant.

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Today at 05:41:22 PM
 #65

 Most people are more comfortable leaving their funds in the banks than any other form of storage even when they are aware of the cons of bank usage.
 I keep saying it that some people prefer the banks because that's what they are comfortable with and it's "safer" than maybe storing their monies in places that they may not be able to lay any complaints should they experience discrepancies. Example, a situation where you're receiving unnecessary charges for SMS or say card maintenance, you can dial a code or call the customer care or even go to the bank and it might be sorted out so these are the some of the reasons people still prefer the traditional banking system over any other means of storing money.

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