Btc & bank which comfortably for you???

[ZAINmalik75]

Talking long term holding or saving money bitcoin has much benefit than bank, you put or save money in the bank until five years later the amount your money is the same and have to pay tax in monthly. Difference when saving money in bitcoin assets without have to pay taxes and get small amount for withdrawing fee later with bitcoin price potential increasing drastically. Don't forget with bitcoin have risk when price dropping your saving money increasing down, its happen each other comfortable for saving money in the bank or bitcoin.

You are right, risk is always involved either its banks or decentralized platforms, but I prefer to go with a decentralization platform because we own our money and even if the money is decreasing there is still a chance that it will start to gain value again. Or isn't it? Newbies are stressed when they see their money's value going down due to some dumps. We are not doing future, we are doing spot and we will have the same amount of satoshis in our wallets so there is still a chance that the price could increase and we can make the profit as well.

Seems OP want to share about function of bitcoin and bank are related each other for us bitcoin or altcoin trading want to withdraw crypto assets need bank.

You are right here too because banks have become a part of our lives and we can't ignore them and avoid them.

[Wiseman]

It depends on how you compare bitcoin and bank, you can just think about what you want to do it for, if you just want to save your money then bank is better and if you want to increase it then bitcoin is better but actually there is a third option which is real estate and it can be put in the middle between bitcoin and banks as it is more reliable than bitcoin and brings much more profit than bank.

[doc]

It depends on how you compare bitcoin and bank, you can just think about what you want to do it for, if you just want to save your money then bank is better and if you want to increase it then bitcoin is better but actually there is a third option which is real estate and it can be put in the middle between bitcoin and banks as it is more reliable than bitcoin and brings much more profit than bank.

Bank is safer but bitcoin is more profitable to increase our money, if we buy bitcoin and hold several years, we will gain big profit than bank.
If we bought Bitcoin last year when the price was below 20K, now we would have made a bigger profit from the bank.  especially if we survive until next year when it is bullish. Bitcoin price will soar

[dekafee79]

My little thinking is

For bank investment:
Risk free
Low profit
Get profit for a certain period of time

For bitcoin investment:
Risky
More profit
Anytime you are rich

What is your opinion about it?

In my opinion, you're right.
Bank is more safer than Bitcoin or crypto but every people want to gain more profit. It's the reason why many people who know about crypto prefer invest in Bitcoin and altcoins than bank.  They want be a rich man, of course we should invest in big money.

[de_prof]

In my opinion, you're right.
Bank is more safer than Bitcoin or crypto but every people want to gain more profit. It's the reason why many people who know about crypto prefer invest in Bitcoin and altcoins than bank.  They want be a rich man, of course we should invest in big money.

If we compare which more safer between bank and bitcoin, of course bank is safer. But if you asked which more profitable  between both ? bitcoin is the answer. Bitcoin is suitable for hold. We can hold our assets in bank for several years, we wil gain  low profit. It's certainly annoying. It's why many rich people prefer invest in bitcoin.

[Wiseman]

It depends on how you compare bitcoin and bank, you can just think about what you want to do it for, if you just want to save your money then bank is better and if you want to increase it then bitcoin is better but actually there is a third option which is real estate and it can be put in the middle between bitcoin and banks as it is more reliable than bitcoin and brings much more profit than bank.

Bank is safer but bitcoin is more profitable to increase our money, if we buy bitcoin and hold several years, we will gain big profit than bank.
If we bought Bitcoin last year when the price was below 20K, now we would have made a bigger profit from the bank.  especially if we survive until next year when it is bullish. Bitcoin price will soar

I agree with you, that's what I do, but I also prefer to keep money in the bank, you can't use all the money you have, you should always have a safety cushion in real currency and some preferably in cash (paper) money).

[Makus]

I agree with you, that's what I do, but I also prefer to keep money in the bank, you can't use all the money you have, you should always have a safety cushion in real currency and some preferably in cash (paper) money).

Majority of my money is kept in Bitcoin investment while I hold only few fiat that I can easily use for now to make payments based on their requirements. Despite the risk in crypto I still believe in Bitcoin and that has been my strength to accumulate more than ever. And the fiat currencies are failing due to inflation while Bitcoin keeps pumping, even after little dumps the price still increases. For now crypto hasn't been properly regulated in my country but the restriction in crypto transaction from banks have been removed. So if it gets properly regulated, we'll be making crypto p2p transaction like that of El Salvador.

[Carbitcoin]

I agree with you, that's what I do, but I also prefer to keep money in the bank, you can't use all the money you have, you should always have a safety cushion in real currency and some preferably in cash (paper) money).

In my opinion, storing your funds on the blockchain is much safer than storing them in a bank. For example, I use the bank only for payments and storing a small amount of money. In any case, funds can be stored in a USDT without worrying about the safety of the value of your assets. Plus, I value financial independence.

[Doctor]

I agree with you, that's what I do, but I also prefer to keep money in the bank, you can't use all the money you have, you should always have a safety cushion in real currency and some preferably in cash (paper) money).

In my opinion, storing your funds on the blockchain is much safer than storing them in a bank. For example, I use the bank only for payments and storing a small amount of money. In any case, funds can be stored in a USDT without worrying about the safety of the value of your assets. Plus, I value financial independence.

If you feel storing your fund in blockchain is more safer than bank , you can do.
But I think bank is more safer and we can use our money to do payment. Because we all know, crypto didn't allow to be payment method at several countries.
It's just my consideration.

[kent47400]

So far, I don't have much money because I'm just a garment factory worker, my salary from working as a factory worker and on my credit card is always used up to buy household equipment, food and living necessities.
So, I don't have much money saved in the bank or on a credit card, maybe my life is sad but this is a fact of my life.

I have a little Bitcoin from the campaign and I haven't sold it yet because I'm trying to collect it so that when it gets expensive I can buy a house.
I prefer Bitcoin for investment and banks for storing money, as the OP said that Bitcoin can make us rich at any time and banks can only be a third party security for our assets.

[Wiseman]

I agree with you, that's what I do, but I also prefer to keep money in the bank, you can't use all the money you have, you should always have a safety cushion in real currency and some preferably in cash (paper) money).

Majority of my money is kept in Bitcoin investment while I hold only few fiat that I can easily use for now to make payments based on their requirements. Despite the risk in crypto I still believe in Bitcoin and that has been my strength to accumulate more than ever. And the fiat currencies are failing due to inflation while Bitcoin keeps pumping, even after little dumps the price still increases. For now crypto hasn't been properly regulated in my country but the restriction in crypto transaction from banks have been removed. So if it gets properly regulated, we'll be making crypto p2p transaction like that of El Salvador.

I keep in fiat money a little but only the most normal currency like EURO, which will not ever fail as it is not the local currency of one country but the currency used by dozens of countries, I also have dollars and local currency, I say all this to the fact that you should not keep everything in one basket, you should always distribute the money correctly.

[retreat]

-snip-
You are right, risk is always involved either its banks or decentralized platforms, but I prefer to go with a decentralization platform because we own our money and even if the money is decreasing there is still a chance that it will start to gain value again. Or isn't it? Newbies are stressed when they see their money's value going down due to some dumps. We are not doing future, we are doing spot and we will have the same amount of satoshis in our wallets so there is still a chance that the price could increase and we can make the profit as well.

It's true, whether a bank or a decentralized platform always has risks because everything related to money definitely has risks. But a decentralized system allows us to be able to manage our own assets and transact them wherever we want. It allows us to be able to buy, sell, and hold as long as we want without having to worry that the asset will be taken away if the platform collapses.
But we also still need banking, because our various needs still depend on banking, whether for daily transactions or borrowing for our financial needs, so we cannot ignore banking either.

[Freemind]

Banks may be safer in some ways, but I always like to think outside the box. When I invest in a banking product I know that the profit will be low, so the risk is also low, but for me that is not the most important thing. From my point of view, the most important thing is what the bank uses my money for, where it invests it. In my country many banks invest in the arms industry and that is something I don't like at all. Since I have never liked banks, and they are (and will be) the cause of many of society's problems, I prefer Bitcoin and the freedom it offers me.

I know that Bitcoin and cryptocurrencies in general are riskier compared to banking products, but it is a risk that I take personally and no one decides for me.

[pacar_tiri]

It's true, whether a bank or a decentralized platform always has risks because everything related to money definitely has risks. But a decentralized system allows us to be able to manage our own assets and transact them wherever we want. It allows us to be able to buy, sell, and hold as long as we want without having to worry that the asset will be taken away if the platform collapses.
But we also still need banking, because our various needs still depend on banking, whether for daily transactions or borrowing for our financial needs, so we cannot ignore banking either.

For me, when you have a lot of money and know how to trade properly and correctly, only trade using the buy-then-save method, the risk is smaller than in forex trading, such as future trading and others. So far, each person's economic conditions will always be different, so I mentioned it at the beginning only for people who have a lot of money and will not use that money in the near future.

[dekafee79]

It's true, whether a bank or a decentralized platform always has risks because everything related to money definitely has risks. But a decentralized system allows us to be able to manage our own assets and transact them wherever we want. It allows us to be able to buy, sell, and hold as long as we want without having to worry that the asset will be taken away if the platform collapses.
But we also still need banking, because our various needs still depend on banking, whether for daily transactions or borrowing for our financial needs, so we cannot ignore banking either.

For me, when you have a lot of money and know how to trade properly and correctly, only trade using the buy-then-save method, the risk is smaller than in forex trading, such as future trading and others. So far, each person's economic conditions will always be different, so I mentioned it at the beginning only for people who have a lot of money and will not use that money in the near future.

I think banks and bitcoin are two different things and both have advantages and benefits. Banks are more usable for us to make daily payments, while Bitcoin in some countries can only be used for investment, not for payments.