Quote from: batang_bitcoin on January 03, 2023, 10:10:21 PM

Quote from: valeneu on January 02, 2023, 05:51:05 AM

Saving money in the bank and investing is risky, nothing is perfect and absolutely safe. Banks are centralized and may face bankruptcy resulting in frozen or even lost funds. Invest the bulk of your funds in Bitcoin and save for an emergency fund. Holding Bitcoin for a long time can look forward to one day earning more profits.

Yeah, nothing is perfect but saving money in the bank is safe IMO. Your money is there being held by there and being kept to their vault, while them, they're going to use it for funding other borrowers need and they'll take more interest than you, the owner of that money.
We know how their business goes but you have zero risk in keeping your money in the bank until something wrong goes on.
Just like what happened in Lebanon and China, their deposits can't even take their money because that's what the government says so. And for you to avoid that, it's better for you to keep it on your own and just as we keep our bitcoin, you're also the one to hold your cash.

Even banks can't guarantee that your money is safe. There's still a situation like filing for bankruptcy that can take place. I also see your point with banks using your saving for lending other users.

They earn a lot of money compared to how much they are giving you on a year's basis,
If you know how crypto works, investing or saving your coins can bring decent profits
only if you understand both risk and profits.