Quote from: Lida93 on Today at 05:41:34 PM

The bank no be place to leave our money with if we are not going to use that money for a long period. Excluding their actions which don make them untrustworthy, them no fit make your money grow any better profit for you no matter how long you decide to leave am in their custody.

I get money I leave for bank due to a building project I dey handle and unfortunately some uncertainty arise wey lead to an indefinite halt of the project. Which means e fit start back at any moment. It's now going four months and you no go believe say despite how huge the amount no better interest the add up each month.

But if say that money dey inside crypto as BTC way I dey hodl for four months now, I don supposed get big profits considering how bitcoin price take rise this December 2024 to this present day. This na just practical life experience I get this past months on the difference between saving in bank and investing to hodl in bitcoin.

But when it comes to long-term holding, it is definitely more profitable to invest in Bitcoin. You have calculated 4 months here, and if you invest in Bitcoin for four months, it will not be considered an investment, but rather it should be called trading. Four months is a very short period of time, we know that Bitcoin fluctuates a lot in the short term, but in the long term it remains valuable, so if it comes to investing in Bitcoin, then that investment must be long-term, only then it will be profitable. You cannot make a profit by investing in Bitcoin for four months.

The interest rate increases very slowly when you deposit money in the bank, so if you only want to deposit your money “long term”, then you should invest in Bitcoin (of course for 10 to 12 years). Because although there is risk in investing in Bitcoin, the possibility of its growth is much higher in the case of long-term holding, a long-term Bitcoin holding is able to give you much higher returns than the bank. But in the case of short-term, investing in Bitcoin is much riskier, in that case it is better to keep your money in the bank.

Basically, banks guarantee security in both short-term and long-term terms, but the amount of long-term profit is very low. And on the other hand, in the case of Bitcoin investment, the short-term is much more risky, but in the case of long-term investment, Bitcoin is safe and it has the potential to give you huge profits in the long term, which the bank will never give you. And to understand this better, if you consider the current price of Bitcoin with the price of five years ago, you will understand how much success Bitcoin has already achieved, in the same way, if you invest your money right now and hold it for the next 10 years, the amount of success you can achieve is beyond your imagination.

So in the case of long-term Bitcoin investment, your investment will definitely be safe and the eye is capable of giving high returns, but if you invest in Bitcoin for a short term (4 months, or 6 months), then it can lead you to very big losses, so you need to invest in the right place according to your Holding time frame.