Post
Topic
Board Economics
Re: Crypto vs Fiat
by
24Kt
on 19/08/2021, 23:27:00 UTC
I once compared in two months, crypto and saving in the bank, what I did was deliberately to prove, it turns out that it's 100% true that crypto can beat saving in a bank in terms of the benefits provided by the bank and the results of buying crypto.
Indeed. Investing in crypto is much better because we can double our capital (depends on the coins that we invest in) for a short period. Its a fact that we cant deny though it has risk due to many scams but if you're a kind of investor who always conduct a research before investing then huge gains are not impossible. While storing our money in banks are the old way of saving, but you cant gain huge from it even it take years. Thus its obvious which is more beneficial.

It is known fact that the interest you can gain from bank savings is really small. Actually, you need to treat it as just securely storing your funds, you should never count the interest that you will get. Unless, you put it into other bank services like time deposit or other form of investment plans. The advantage here in bank savings is you are just securing the safety of your funds. But if you want to take high risk, you can really go into crypto. But one should know how to handle his finances in crypto or else he can easily wipe out his funds.