Re: Investing on Cryptocurrency is safer than saving or investing with local banks

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.

Buying the shares of a bank is different from saving and investing with the bank. I will totally recommend people buying the shares of a bank, defending how successful the bank is. It doesn't have to be one of the biggest banks in the world, as long as that bank makes a lot of profit at the end of its financial year, it might be a good idea to buy its shares if you want to diversify.

Actually it has the potential to make gains even quicker than Bitcoin

Traditional banks do not make as much profit as we think they do. Most of them rely on loans and international exchange to make good profits in the banking system. Having a share in a bank would only potentially for more gains compared to investing in Bitcoin if the shares in that bank are above 5% or 10% anything below that is average. Investing in Bitcoin would give maximize profit if large money is invested in it, and over the years may be a decades or interval 5 years. Bitcoin would yield more potential compared to the shares any bank could give.

They are giving low percentage per annum which is really bad if we look for profitability. That's why if they think about investment banks would never be the best option for them since the only thing they can get their is fixed low annual returns.

While if they put their money in bitcoins either they choose to trade it or just hold their asset for long time their are huge chance that they can earn more better especially if they gather a lot more experience then know or figure out already how they can figure out such situations need to look forward and how to take advantage in those situation to gain some returns.