Post
Topic
Board Economics
Re: Crypto vs Fiat
by
justdimin
on 12/08/2021, 18:06:51 UTC
If you let your money sleep in banks even it takes years the interests are really small and only the bank benefited if you store your money on them. But this is not the case if you invest in crypto, you're the one controlling your funds and can use several strategies to maximize your profit. Though investing in crypto is risky, but it is proven to be profitable and worth it.
Dare to take risks is the thing that must be done to change our lives. it has been proven that crypto investing is more profitable than saving money in the bank, bank interest is only to pay admin fees, the annual profit is not more than 10%, if we invest in crypto we can profit up to 100x in a year.
I do not even think it is that daring, or risky at all. What do you have with banks, yearly 1%? 3% at best? I mean they are usually horrible, so if you want to take risks you basically end up buying stocks and hope to make 10-20% with that. Do you really think that in the long run you will not make over 20% with bitcoin?

If I buy the top 10 coins (except usdt) and put it aside, I am 99% sure that I will make more than 20% yearly on average, of course there could be years like 2018, and there could be a bad moment to buy into it, but in the long run, I will definitely make more than that. Like if I buy right now, I can see bitcoin reaching 1 million dollars and even more in 10 years, which means over 50% on average. So this is not even risky, putting your money into bank instead of putting it into crypto is just a fools move that do not know any better.