Quote from: BTCevo on May 09, 2015, 05:53:33 PM

Quote from: nerFohanzo on May 08, 2015, 06:28:24 PM

Quote from: Erza on May 08, 2015, 04:15:21 PM

Quote from: torrentheaven on May 08, 2015, 10:17:05 AM

Saving in a Bank or Bitcoin is the best possible options at present. Banks Will pay you interest and the money will be safe and can get access when & where required. Invest in small things and diversified products so at least you go through loss in one you can cover it up from other.

I dont think saving in a bank for now is the best thing you can do. With that low interest are you going to put it that way? Better if you do some investment and you will get higher payout than bank. You mustnt save more than invest, its like gambling. If you profit its alright if not just let it go. Dont set that mindset

You are right. Bank doesn't gives you that much interest but atleast your money is safe. You can withdraw anytime you wish to. While investment is long term you can't withdraw in between and even if you withdraw there are many costs associated with For eg. Life Insurance.

How come you are so sure that your money is safe? Actually they are using out money to invest on something or may be they use it to do other things so they give you low interest and eat up th rest. Bank is not stupid just to give you such money like that and if you just save there. You can't really get alot from it and for withdrawing I guess there is certain regulation for the withdrawing things so it will always on loss for us

Your money is more safe in a bank than it is under your bed that's for sure and they provide the service for free. Sure, they use your money to invest in things but that's how banks work. If you want a lot of interest either put it in a high interest account or invest it yourself but you could lose your money this way. Bitcoin isn't 100% safe either. If you get hacked then you've lost your money, but if someone drains your bank account there's a good job you'll get that money back. Both bitcoin and banks have their positives and negatives.