Post
Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Ad Baculum
on 27/06/2018, 22:55:52 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 is of course has more risks than bank investment because the price of bitcoin is fluctuating thus the market for cryptocurrency is also fluctuating. But this doesn't mean that bank investment is better than bitcoin. Bitcoin can produce higher profits as long as you are wise enough to spot when to buy or sell.