Or you can actually invest that same amount in Bitcoin for 5 years and expect more profits mate. $200,000 is a very large amount and in my country now is about 230,000,000 worth of naira and that's a hell lot of fortune. who told you that the bank will be much safer? They will only display the digits for you on your account while they loan out your money making profits off it. In the next 5years, you will actually be making the bank richer while you loss a life long investment you would have gained if you bought Bitcoin and left it for that same period of time.
$200,000 is just an example figure. In my country, that's also a substantial amount of money. I've noticed that many people often mix up their investment capital and their rainy-day fund, wondering why they shouldn't invest everything for maximum returns. They believe leaving it in the bank is a waste. However, I think this is a common mistake people make when they put all their money into investments, which can lead to psychological stress later on.
Many financial experts talk about having 6 months available, and so sometimes people might go a bit above that and a bit below it, and surely if you have instability in terms of expenses or many family members and/or even a business and some uncertainties than it might be reasonable to hold up to a couple of years, but 5 years, just seems like a BIG waste and not even necessary, reasonable, prudent and/or practical for the vast majority of normal people, whether rich or poor.
These numbers are just personal preferences. I understand that a 5-year reserve fund is a substantial amount, especially when conventional advice suggests having a reserve equivalent to about 6 months of expenses. This advice is suitable for individuals with stable jobs, as they can estimate their monthly earnings. But in my current situation, where I'm fully engaged in the cryptocurrency market, having a 5-year reserve fund makes me feel secure for the long term.
You are likely a bit distracted if you are trying to consider bitcoin in terms of "the crypto" market, and hopefully you are not too distracted (trying to be smarter than everyone else) by getting involved financially, time-wise and/or energy wise to be "studying" the shitcoin space.. and then believing that there is some kind of a "need" to assess the "crypto" market, rather than focusing on bitcoin first and then perhaps branching out from there... but hey, you are free to look at the matter however you like, but if you are bring shitcoin talk into this thread by suggesting that bitcoin is somehow part of a larger "crypto" movement and/or market, you likely are going to get some backlash.
Maybe you are not fully understanding what I'm saying. I didn't say Bitcoin and the remaining Altcoins is the same. And there's nothing wrong with saying that Bitcoin is part of the cryptocurrency market, right? And why do you think everything else except Bitcoin is shitcoin, when I didn't mention any Altcoins in my post? I'm just talking about Bitcoin and the cryptocurrency market in general.