Post
Topic
Board Economics
Re: Investing on Cryptocurrency is safer than saving or investing with local banks
by
Lanatsa
on 17/08/2024, 21:02:19 UTC
Many people in my country still don't believe in Cryptocurrency and would rather save or invest with local banks but the recent sad event would serve as an eye opener to them. One of the top leading banks in my country (GTB) got there server invaded by hackers, some period before it happened they where advising customers to buy their shares and many customers did, I feel so sorry for those who bought shares with them cause their money is probably gone.

 Whereas investors could only lose totally on Cryptocurrency when they fail to invest on Bitcoin or other good Cryptocurrencies and instead invest on shit coins, or they save their assets on a custodial wallet instead of a non-custodial one, else Cryptocurrency especially Bitcoin is one of the best and safest investment any investor could think of.

 I wonder why anyone would even think of buying shares with a local bank or saving huge part of their money with them, when they could save for a long-term with Bitcoin and make huge returns later, Bitcoin blockchain makes it very secured and the only ways an investor is at risk is saving their asset with a wallet that could easily be penetrated by hackers or fail to safeguard their private keys.
I would really be that disagree when it comes to safer investment or something but when it comes on a good option then cryptocurrency would really be that considerable but of course
when it comes to risks then it would really be much more riskier than with those traditional investment that we do know. You have to deal up with that extreme volatility on which we know that this could
really be that make you have that kind of panicking on the time that you would be seeing your investment is going down. It would be better that you should really be that making those explainations into your
friend or known someone that its never been considered 100% safe but its not really that something bad also. You shouldnt really be that making yourself having those kind of claims as if it is really that a guaranteed thing because on the moment that they will losing their investment or seeing negative then for sure you would really be blamed out for that. hahaha  Grin