Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
jerix
on 07/06/2018, 04:41:30 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?
Bitcoin and investment in banks are both at risk. The risk of both investment assets is very different. But despite the huge risks, profits are also much greater. But for now, I prefer and more comfortable to invest in Bitcoin. Yes maybe because Bitcoin can be very profitable in the near future and very worthy of being used as a long-term investment asset.