Post
Topic
Board Economics
Re: Investing on Cryptocurrency is safer than saving or investing with local banks
by
kawetsriyanto
on 30/08/2024, 22:34:29 UTC
Investing in crypto is not for all, you need good grasp on how this market works. This is why for ordinary people, they won't touch this market. For them, tangible assets are preferrable to invest as they can see it.
Of course, ordinary people prefer physical assets. They don't understand digital assets, we can understand if they don't have an intention to join crypto investment. Even, the people who know digital assets, there are some of them still worried investing in crypto. They argue crypto won't last a long time and it is too risky assets. Well, there will be always reasons for people who ignore crypto. However, crypto always proves that their bad assumption isn't true. Crypto already survived more than 10 years and Bitcoin showed its great improvement as the main coin in crypto industry.

When it comes to saving - banks are known to have very small interest, so treat it as just for storage purposes and not because you want to earn good profits out of it. Unless, you will place your funds in time deposit or other profitable services offered by the bank.
If we store money to banks, the purpose is for savings. Many people don't really care with the interest. If they want to invest their money, they mush choose another thing that have a potential to grow the price. Lands, gold, silver, property, and another thing that grows the values.