Post
Topic
Board Economics
Re: Do you still use Banks ?
by
idarasun
on 15/12/2023, 16:24:05 UTC
I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.
Yes, I agree with saving in the bank. This is different from saving in BTC or the like, this will be very risky, especially if the price of an asset falls and you don't know when it will rise.
So I think if possible I would put my money into various properties and things like that. Because it will minimize losses and will even be very profitable in the future, especially in urban locations.