...If I don't like overhyped discussions so I just tell them it is far better compared to having their money saved in the bank for 1 year doing nothing I do this to avoid been held by my words if things goes wrong...
There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.
Currently if we compare both the scenarios, then both have its own benefits. Investing all your money in Bitcoins is risky, as there is huge risk and chance involved that whether your money will grow or not. Additionally there are also high chances that, you will go in negative if the market falls. In bank your capital will be constant, it wont decrease atleast. Now on the other hand Bank doesnt give financial freedom on our own money, so here investing in Bitcoins will be better idea. I know this sounds confusing. But do what you are capable of.
We can make out those differentiation when it comes to its pro's and con's and its up to ours whether we could able to bare or deal with it or would not able to handle it on.Someones patience
could really be affected with some factors which would really dictate out whether you could really hold much longer or wouldnt be able to do so.Patience level does really vary on someone
because not all would really be having that kind of limit or tolerance when it comes to things which if we are really that serious in towards our Bitcoin or crypto
investment then we would really be holding it out no matter what happens on the market.