Post
Topic
Board Economics
Re: Investing on Cryptocurrency is safer than saving or investing with local banks
by
Rabata
on 18/08/2024, 22:43:33 UTC
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.
Banks also have different categories. If you deposit money in a top level bank, there is less risk, especially from security risks, but if you deposit money in a middle class or lower level bank, there is a higher chance of losing money. So keeping your money in Bitcoin is safer than worrying about keeping it with someone else. Especially if a good wallet is selected and the security keys are well stored and Bitcoin can be held for a long time, it can give a much higher return than any bank. The opportunity to keep your own money and build great wealth there in the long term is no less than a bank. Moreover, those who can predict the future will definitely choose Bitcoin.