Quote from: lepbagong on Today at 12:11:01 PM

Quote from: bluedeep on May 26, 2023, 11:47:23 PM

I now prefer to invest in bitcoins instead of keeping money in the bank. But I know that the price of bitcoins will rise very soon. I want to own a lot of money by investing in bitcoins. For that reason, I invest most of my own money in bitcoins. I think investing in Bitcoin can change my fortune if I can wait a few years.

investing in bitcoin, apart from really having to have sufficient funds and the patience to wait because the criteria for bitcoin which is always an increase after the halving period is over, which obviously takes a very long time. what you say is very true, that saving money in a bank compared to investing in bitcoin, it is clearly profitable to invest in bitcoin, because the profits are very large and the bank cannot provide as much interest as the profits from investing in bitcoin.

Thanks to the internet, more and more people nowadays are informed as to how the banks suck. Although I hear about banks in some countries that offer high deposit interest rates and not that far compared to their loan interest rates. But most banks suck especially in my country where they only offer around 0.25% interest rates on deposits and that excludes the tax which is 20% while their loan interest rates are ranged from 18% to 24%+. The discrepancy is just too big, these banks are making money out of thin air.

On the other hand, bitcoin over the years has proved its value. Every halving and the following year have a 100% success rate that increases its value. So I would rather stack a big part of my savings in bitcoin rather than give it to the banks where it losses its value over time due to inflation.