Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Thecryptocurrency09
on 25/06/2018, 07:48:39 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?

In this world, everything turns out to be risky specially when you are dealing with computerised things like bitcoin. But then I guess even bank investment are needing technologies too in order to sort their files. These two may be different in some aspect like the one who will be managing your account wherein in bitcoin you personally have your do it yourself while investing in banks are more of then to hold unto your accounts. Another is of course their value. But nevertheless, it is about us, individual whatever risk we will take.