Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Javathon
on 03/06/2018, 18:26:50 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?

Definitely there are other forms of bank investment where you can have control of your money. You just don't know about it.

It's crap if you will invest without assurance that it is not a scam. There are more scams in the crypto world. And keep in mind that Bitcoin's price can go very high or very low overnight, you cannot have control over the price fluctuations. You only have control in buying or selling your asset. In terms of risk, bank investments are a lot safer compared to bitcoin investments.