Quote from: justinlamode on August 26, 2025, 01:38:58 PM

Quote from: SPIDERMAN008 on August 26, 2025, 12:11:56 PM

Quote from: Platinumys on August 26, 2025, 11:31:36 AM

Everyone thinks about the future and deposits money in the bank or saves their money somewhere else. However, if you invest in Bitcoin without keeping money in the bank with a little risk and if this investment can be considered as savings, then the amount of money that the bank will return to that person at the end of a certain period of time, I think that person will get a higher return than if he invested in Bitcoin at the end of a certain period of time. But the problem is that we are not actually ready to take some risk, we keep money in the bank because if we keep money in the bank, there is no possibility of our money decreasing, but we are keeping so much money in the bank, but the exchange bank is not giving us any such interest. Therefore, those who know about Bitcoin should know the relationship between investing in Bitcoin and should invest in Bitcoin with a little risk. Maybe one decision can change a person's financial situation a lot later.

There is a risk in any type of investment, whether it is investing in Bitcoin or any other type of investment. Depositing money in a bank is not an investment. So there is no risk here, but the value of your money will continue to decrease as long as you keep it. But the matter of Bitcoin is different. However, investing in Bitcoin can yield more profit than any other type of investment. If you keep money in a bank, the value of money will decrease, but if you invest in Bitcoin, the value of your Bitcoin will increase day by day.

Who told you that there is not risk in depositing money in the bank? In my country, people lost a huge part of their capital when a bank declared insolvency even though we have a government agency that regulates the banking sector to ensure that people do not lose their money during bankruptcy. The funny thing is that they asked for so many KYC documents and verification and after the suffering people went through to provide those things, they could only pay back 25% of whatever you have in your account. Forget keeping money in the bank, it is a very risky and bad business because if your money escapes inflation, which is not even possible, you have the risk of losing money in case there is a collapse of the bank.

Bitcoin have remained a reliable way of saving money, inflation resistant and constant growth over the years. The risk is minimal and the reward unimaginable. Always keep this saying at heart, "if the potential reward of doing a thing is greater than the risk, do it anyway"

I mentioned that if you keep money in a bank, the value of money decreases. Because inflation has increased day by day. The government of a country is printing money for its own needs at will, making the economic situation of the country worse. However, what you said is true that many times banks go bankrupt. But the possibility of this happening is very low. However, it seems to be happening. And those who keep money in a bank, after seeing it, understand that they keep it in a bank that is comparatively strong. So, considering all these things, I think it is better to invest in Bitcoin than to keep money in a bank.

Quote from: Joeboy on August 26, 2025, 10:27:46 PM

Quote from: SPIDERMAN008 on August 26, 2025, 12:11:56 PM

[Edited out]
There is a risk in any type of investment, whether it is investing in Bitcoin or any other type of investment. Depositing money in a bank is not an investment. So there is no risk here,

I get the ur point, honestly I do, but saying there is no risk in depositing money in the bank is not entirely true. Yes, a savings account does not have the same kind of volatility as Bitcoin, but that doesn’t mean it is without risk......When you keep/deposit money in the bank, the value of that ur money is exposed to the risk of inflation or currency devaluation, which meanz that your purchasing power tends to decrease over time. Other risk that is associated with depositing your money in the bank includes folding up of the bank, government restrictions, etc..... So, while the risk level may be low, it is still inappropriate to say that there is "no risk."

Quote from: SPIDERMAN008 on August 26, 2025, 12:11:56 PM

[Edited out]
but if you invest in Bitcoin, the value of your Bitcoin will increase day by day.

This statement is very much misleading especially to a newbie. A newbie who uses this your idea( of Bitcoin's day by day increase) to enter into Bitcoin investments , will end up selling off anytime there is a short-term market dips . The fact remains that Bitcoin doesn’t always increase in value “day by day.” In fact, anyone who has been around the space for some while now will confirm how volatile the price can be, sometimes dropping 5-10% in a single day. The history of Bitcoin has showed us that over the long term, Bitcoin's price has trended upward, but that doesn't mean that there hasn't been periods of bear market.

Yes, I understand that I am not using the word day by day correctly. However, I want to understand that Bitcoin gives good profits after a long time. This means that as long as you can invest with discretionary income and follow DCA, it is possible to be more profitable, which must be 4 to 10 years.