Hi guys nowadays most people still arguing which is the best centralized or decentralized? , well if we go back in traditional and old times centralized money is the best because we can handle it , we can keep it. but today bitcoin is very popular because its decentralized . and its very convenient . however many of us still afraid in this new type of money which is virtual because it might lose or somewhat but it still similar on cenralized money that might steal or lose. also many financial analyst still advicing about putting your money in bank ? like hell ! ? investing in decentralized much better than putting your money in bank 1% or 2% monthly ? fuck .. whats your thoughts?
well, there is pro and con in decentralized and cetralized money. I believe both are good way but i do think in the future the old way would not good enough and we do need a development and new things that could makes our transaction faster, cheaper, flexible and also secure. I think storing your money on bank is not for value but more for security and safety of the money. The interest that offered by bank is only to maintain the value of the money from devaluation so if you wanted to invest and gain more interest and with a certain particular risk you should not safe your money on bank.
Yeah exactly. Your money will not actually gain in value unless you take some degree of risk with it. And there are no such things as "medium risk" products, either it's guaranteed and has no risk, or is exposed to extreme deviations, like a market crash.
Financial analysts are sales people representing the bank's need to continue recycling the money. When you tie up more with them, it enables them to lend more out (up to 90% what you put in) and thereby profit immensely on interest rates. That's why they can afford to give you a few percent.