Quote from: jaaeeeyyyy on June 23, 2018, 11:10:44 AM

Quote from: mikki14 on May 27, 2018, 12:59:57 AM

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?

When it comes to the amount of posing risks, there is no doubt that bitcoin investment is the one with the most amount of risks. It even seems like the industry thrives in the amount of risks and it would die without it. On the other hand, there is risk in bank investment but it is considerably lower than bitcoin. And the presence of transparency makes it even more secure of being a storage of your wealth rather than an investment.

I think there isn't any comparison between bitcoin and banking system, specially in current time when most of the people are using bitcoin bitcoin for investment purpose only. I think that bitcoin can be consider as more risky, because there is always risk involve in every kind of investment and trading. While investment in banks can be consider as more safe because they only give you interest on your money while your money remain safe.