Post
Topic
Board Bitcoin Discussion
Re: I choose Bitcoin
by
Mame89
on 06/10/2023, 14:54:53 UTC

If you were in the position to give financial advice to someone looking for a long term financial investment, what would you advice?...
If I had to choose, I would invest in bitcoin rather than bank deposits, the reason is simple. Because deposits will reduce the value of our currency due to inflation, it is not profitable if we save in the bank even though the interest rate reaches 13%, but I was a little surprised by the high interest rate, this could be part of a scam because as far as I know most deposit interest rates below 10%. Meanwhile, Bitcoin as we know was born because of the previous banking crisis. Blockchain is designed to separate third parties, bitcoin assets were created so that we can be responsible for our own keys, this is very different from private and public banking which are closely intertwined.

Therefore, I prefer to save bitcoins rather than deposits in banks. However, bitcoin still has its own risks if you don't know how to store it, it would be better before choosing bitcoin, you have to learn how bitcoin works well and choose a wallet with strong security to store bitcoin.