Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Pansamantala
on 08/06/2018, 23:38:57 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?
For me it is bitcoin investment. In the banking industry there is little to no risks involved whereas bitcoin thrived in the risks. But the risks are sure to pay off given that you are a patient man. Bitcoin's risks also brings about high rewards, on the other hand you get very little profits with the banking industry that it is most of the time just used as a way to keep their money.