Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or banking investment?
by
Twentyonepaylots
on 08/08/2023, 14:32:32 UTC
Everything has advantages and disadvantages, why don't we diversify but just compare to choose 1 in 2, while no one forbids us to use both? Bitcoin for investments and banks for savings and daily living expenses. That's what I did, and it worked pretty well for years. Although depositing money in the bank is like we are burying our own money because over time inflation is depreciating our currency. But there's no denying that having savings in the bank will help us in emergencies, as bitcoin doesn't always turn out to be profitable for us.

I agree with this. Both have pros and cons, and it is a matter of our personal goals and risk tolerance. Bitcoin, as a decentralized digital currency, offers the potential for high returns but also comes with significant volatility and potential for losses. While investing in a bank can offer more stability and security but may come with lower returns. As for me, I have both Bitcoin and banking investments. But as of now, I am still in the process of learning Bitcoin and trading. That is why a bigger portion of my money is in banking investments, as I still prioritize the security of my savings.

The decision varies to the individual's financial situation and other considerations. Either bitcoin or banking investment, both decisions should be weighed to make an informed decision.