Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
De Suga09
on 31/05/2018, 23:33:50 UTC
Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.

What do you guys think?

Yes I agree that both bank and bitcoin are risky investment but both have different gains and loses. Interma of bank, they will charge you extra for investing with them as well as transaction and hidden charges. In bitcoin, you have control on your own, you wait for it to grow and you can have a profit. Also there are more opportunities in bitcoin.