Why stacking Bitcoin is smarter than keeping cash in the bank

A lot of folks have their cash sitting in banks, but here's the thing: banks take that cash, lend it out to people, and earn interest. You get a tiny slice of that interest back, and they still charge you fees on top of it. So, basically, while they're profiting, you're barely getting anything in return. Keeping your money in a bank isn't really an investment. You don’t have full control over your funds and the returns aren't great. Plus, if the bank goes under, you could lose all your savings. In contrast, investing in Bitcoin gives you complete control over your money and can yield much better returns if you hold onto it long-term. What do you all think? Is saving in the bank better than buying Bitcoin?

Before knowing about bitcoin I was one of those people who liked to save in a bank and that seemed very good to me, but there came a time when I lived in a country where money was greatly devalued, they had a lot of inflation and devaluations were the order of the day and those savings were nothing anymore, since I found out about bitcoin it was the only way to save, strong money such as the dollar, euro and others always have the same inflation problem, bitcoin does not, if you save in bitcoin there will never be losses, quite the opposite.

The chance of bank collapse and losing money is much less than the chance of crypto exchange collapse, so bank investment is safer, but the return is lower. As for the return on investing in Bitcoin, it is profitable and good, provided that it is long-term, with a minimum of four years, and the method I mentioned for collecting currencies is what is known as DCA, and there are many sites and explanations that teach you how to track your profits in this way, just search for it on Google.

Although bitcoin can give us better returns and give us full control over our assets, it is quite volatile and can be dumped suddenly. Meanwhile, bank savings have low profits but with stability, we can use them at any time and especially to deal with emergencies better. So in my opinion, instead of distinguishing and choosing, we should have both as they have different use cases and benefits in each case.  Not to mention, it is also seen as a way to diversify to reduce risk since there is no guarantee that bitcoin will never collapse or that banks will always be safe. To me, bitcoin is for the future, while bank savings are for necessities and emergencies.

Compared to depositing money in a bank, there is a high level of nobility in depositing Bitcoin which is an expression of independent investment management and the possibility of high returns over time. Furthermore it is not wise to deposit money in a bank to get a fixed percentage and against a centralized system Satoshi started his swimming with Bitcoin and gradually floated in the sky and now skyrocket. For financial freedom the decentralized approach is to manage your wallet and try to get a huge Bitcoin stack through long-term. You can get huge profits by depositing Bitcoin compared to receiving a fraction of the small interest paid by the bank, but you will have to go through multiple cycles. I oppose the idea that you mentioned about holding Bitcoin for a long time because depositing and holding Bitcoin is completely your freedom and if you learn more about Bitcoin, you will understand its depth.

Most of people think like this, if time deposit can give 6% APY and average inflation rate is 4%, they will earn 2% in every year. While the reality inflation rate is higher than 4%, even it's higher than 6%, so the interest rate can't hedge against inflation. The second one is, they can't understand the concept of be your own bank, they might think holding Bitcoin in non custodial wallet is less safer/same to hold money in banks. I don't see @OP mentioned to hold the coins in crypto exchange, instead he said we have total control over our money if we invest in Bitcoin which indirectly saying we hold in non custodial wallet.

Bank is not an investment platform but bitcoin is an investment platform. Bank is where you saved your money because you don't want to keep it at home for security reasons. And when you deposit the money in the bank, the bank would charged you for giving them your money to be secured and in the process they would still used it to do external business to get more profit. Bank owners are making profit like cryptocurrency investors. But the owner of the money are not benefiting anything except little interest like $5 to $10 Monthly. And even that it is the depends on the amount person has in the Bank. If there is any other place for ordinary people to save money it is better for us to do that and those if us that good in crypto should use crypto to save and hodling.

Bitcoin is indeed an asset that many consider more preferable for investment compared to just saving money in the bank. Investing in Bitcoin allows for greater control over your asset and the potential for higher returns, especially over the long term. Its a way to actively manage your financial future rather than just letting your money sit in the bank with minimal returns. Savings in the bank offers security,  but the low interest rate dont keep up with inflation, which can diminish the value of your savings. Banks definitely benefit more from your savings than you do. They use the money for loans and other investments, making profits while giving you a small fraction of that back as interest. It's a system that often leaves savers with screwed feelings. That's why many people are turning to alternatives like Bitcoin, where they can have more control over their money and potentially earn better returns.

I guess I have had to talk about this many times about how the bank is just one of the wrong places to have your money starched this days especially if your care much about it not losing value due to inflation and if you want your money to work for you then investing it into a valuable asset like bitcoin. Savings in bank are said to earn some interest after sometime but that's BS because the bank only gets to give you peanut form the whole profits they make using your money to give out as loans, for investments and other businesses. You could as well be deprived of having access to your money when needed sighting bank policies and so on. Unlike with bitcoin there's nothing as such because you get to be in control of your funds at every given time by using a noncustodial wallet to hold your coins.

As good as accumulating Bitcoin than saving money in the bank could sound to be true (I did it), it's not without its challenges. Bitcoin has the right time to invest in it if you do not want to regret your decision. Don't forget the cries of many people who invested in 2021, they lamented and rebuked Bitcoin for making them lose (those who divested earlier) and for tying their money down for about 3 years before they could get back to profit (for those who could wait). So, the understanding of Bitcoin matters before investing in it. Just try to avoid buying when it is at the peak level and buy only when you won't need the money for a longer period. Otherwise, if Bitcoin falls to its bearish season, it could be a regret for those who plan to use their money in a year or 2. It's the bullish season that one can be confident to accumulate Bitcoin as pleases and will not regret it.

By putting money in a bank as a savings scheme will only result in its value dropping through fees and through inflation. There is a very slim chance of a bank folding and there is a higher chance of a crypto exchange folding. Taking control of your Bitcoin with a very inexpensive hardware wallet is the optimal approach. There is no monthly or yearly fee and there is no inflation. I dont hold any FIAT of note, I get my part time salary in FIAT which covers some expenses, all my FIAT based wealth has been transferred to Bitcoin a few years ago, I'm all in on Bitcoin which has proven to be a great move. My FIAT wealth would have been severely weakened over the last few years while Bitcoin has had a completely opposite trajectory and so much is pointing to both trajectories continuing, FIAT on a downward trend - Bitcoin on an upward trend

Investing in Bitcoin is not for everyone and that's why if someone saves their money in the bank and they're able to save a lot of it, they are still a winner. Not everyone can attain the risk of taking Bitcoin's high volatile. So, if they're doing good with saving their money in the bank, it's still an achievement. But soon, they will realize that the per annum rates that they're getting isn't enough due to inflation and that is why they will explore things about Bitcoin. We don't have to convince people about that because their own situation and realization will make them curious about what if they've already bought BTC long time ago and when it was in the bottom.

When do lack that learning then you are really that prone to tons of mistakes or bad decisions on which we have thought that the long time that we've been doing is the ideal ones and thats why we have decided on not to touch up any options out there because we are already that contented on what we do have now, until you have known some other ways on which this is far more better rather than on storing up your cash into your savings banks on which we do later realize that banks are really that making some good money out of your money. This is why if you would be liking on having some progress when it comes to financial aspects on which not really just that saving up your money idle into your bank account then having some considerations on trying out to invest into those things on which you do know that could bring out that potential profits that you could be having but of course this wont really be talking about Bitcoin investment but also in other options as well. If you are someone that doesnt really like to deal up with some risky thing then this investment isnt for you and much better that you do stay up into the things that you are currently dealing or doing on. There are those people who are really that not liking to take risks and thats why they do stick up into those traditional ways. For those who are wary about the opportunities then they will be making up that step up into their decisions and made out that kind of step because they do know that the possible chance that they do have when it comes on potential on making money and thats really something an advantage.

Saving in a bank for daily needs, while saving bitcoin for long-term investment. Because it is very clear, the bank is not a place to invest because savings in a bank do not make you rich because basically by putting your money in a savings account in a bank, what you have will be devalued and continue to be devalued. This is a fact, even if bitcoin was not created it would be better to save gold than to save money in a bank. Luckily we now have bitcoin, so saving in the form of bitcoin is better. As an easy illustration of what Bitcoin can offer you in the future. If you remember that Bitcoin has helped change the price of $ 1 invested in 2010 to $ 100,000 today, and in fact bitcoin is now increasingly seen as the best investment solution for the future by more and more people. This is all because Bitcoin runs decentralized, meaning it is controlled by the user network itself and this is very different from banks.

If we can meet with those that have invested in bitcoin and ask about their experience in this digital coin, they will have enough to advise us on, in taking decision over the use of bitcoin for an investment instead of holding down our asset in fiat with the centralized commercial institutions, holding down the money for their own benefits, investing in it, which was the major failure we have failed to realized before using banks, while bitcoin investment is going to evade us from the consequence of inflation and asset devaluation over time due to the massive influence of inflation over the economy and our fiat currency, bitcoin has shown approved to overcome all these incompetence's and we cant afford not to choose bitcoin.

Saving money in the bank at this point in time seems like a classical demonstration of ignorance because those who knows better understand that keeping money in the bank is not actually saving it but killing the money because such money will be losing value with time due to inflation. Using such money to buy Bitcoin is a major win in different fronts in that Bitcoin will bring more profits with time and inflation has no significant effect on Bitcoin. Assuming you have $10k five years ago and you decided to save that in the bank, today such money would have depreciated a lot and cannot buy you a decent car in my country whereas then it could have bough two cars five years ago. On the other hand, investing such money in Bitcoin would have made it triple in value such that now you could still be able to buy a nice car and still have some balance with that same amount. Bitcoin is definitely the best choice and never saving money in the bank.

based on the growth alone it's obvious BTC is better than saving money in bank but I think you need to consider about volatility as well. BTC is good but it also got the cyclic price trend such as bearish and bullish market, if you happen to do saving with the manner of doing DCA, it's gonna be fine, but if you're only saving for short term, you're more likely to be exposed to this volatility whether for good or bad. so despite the good growth that BTC is having, you should also consider the volatility, but overall if i'm being frank, for someone who accumulated BTC since it's about $30k, it's pretty darn good.

even now that a lot of people still have the knowledge of bitcoin, people still have saved up in the banks due to the convenient and the fact that we have been used to the system. banks is never a good option to look out for if you are considering an investment medium because the returns is as good as you even losing out in the investment. bitcoin might have it own downside which is that the volatility is an issue and that you can be unfortunate to sell at loss when you have an emergency but still, it is an option that has the potential of giving you two to three times returns on investment in less than a year depends on how the market runs. bitcoin and saving fiat in the bank can work hands in hand such that any short term savings can be kept in the bank for regular usage while long term investment that is kept for the purpose of getting returns can be saved in bitcoin. considering the risk associated with both option should not be a matter of discuss because both exchanges and the banks have their own peculiar risk that is associated with it.

I think we should be objective and not subjective when making a comparison like this as both methods are good in their respective ways. Saving money in banks is a thing of choice and it's not mainly about profit but they see it as measure of securing their assets. Investing your money in Bitcoin is a good choice as well only if you know the risk involved and you can handle it. The bottom line is that each of this option is associated with risk and of course, each person will definitely choose the one they consider more safer. Crypto investment is not everyone's calling due to its volatile nature despite their great benefits attached to it. The benefits attached to bank may be very meagre and won't give you full control of your assets but at least, even if they eventually collapsed or get liquidated they'll have the backing of government to compensate their customers.

This is not the worst part. The main worst thing you already mentioned is that the banks may collapse, and people will lose all their money. The second worst thing is inflation. A country's fiat money cannot overcome inflation if it is kept in the bank. Doing some kind of business is the best idea. If someone is an expert in a business, they can make a profit from their business and their funds will grow with the business. But if you keep it in a bank, the bank is likely to return only a small percentage of commission which is not enough to beat the inflation. However due to Bitcoin's nature, its price will continue to increase with time. Given these facts, I agree that Accumulating Bitcoin is better than saving money in the bank.