Post
Topic
Board Economics
Re: Different between Cryptocurrency and Banking sectors
by
liseff3
on 26/08/2018, 22:23:52 UTC
Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.

Investing is more profitable than saving. However, most people think to raise money only one way that's by saving, with the reason for our future life. Even now we certainly like to set aside some money from income to be saved in a bank. That's right moreover the bank also gives a few percent interests which can increase our money in savings. But if we only rely on funds which's collected in the bank. Of course will be very difficult for us to be able to buy the goods of our dreams in the future. The reason's clear, inflation growth's higher, than the increase in bank interest given.

As humans, we certainly want an increase in living standards in the future. So it's not wrong if cryptocurrency, you make it as the first choice to maximize your finances because investing in cryptocurrency's the best alternative to collect dollar coffers quickly.