The safe and steady traditional bank or the risky volatile Bitcoin which would you rather invest in?
Often we hear Bitcoin bashed about its volatility and that often discourage some from wanting to invest in Bitcoin.
For some, the trust in traditional bank is the option to go for. Some will rather go for the 6% ROI per annum with no risk investment from the the bank.
For me I will rather take the risk with Bitcoin investment, I will rather be in control of what I'm investing in and knowing I don't have to answer to Big brother's regulations.
I just find it ridiculous to get 6% interest on my money in per year in some cases.
The risky way will do for me.
Which one would you rather invest in traditional bank or Bitcoin?
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Both.
I use Nexo, it's crypto bank account with accounts backed up to 100m by Lloyds of London (largest insurance company in the world) and you also earn 8% interest on stable coins, not to mention the instant crypto backed loans up to 50% of your holdings.
Cheers
I am unaware on Nexo, thanks for mention it. It is worth checking out.
So I guess I'm correct to say its a crypto bank and not a traditional fiat bank?
Yeah, totally a crypto bank!
Sweet 😀
75% on the safe and steady traditional bank as well as 25% in risky volatile bitcoin. So that even if I lose my 25%, I will have 75% to cover it up.
Interesting strategy and if risky ends up great it could possibly out perform the 75% one ☺
Yes that's true. And I am following the same approach
I invest in a crypto, I save in a bank 😎
I'm actually looking for a crypto debit card so I can just save in crypto as well.
Hm...I don't have a lot of experience in crypto debit cards, I have various cryptos in wallets and exchanges but nowadays I have everything in Iconomy wallet, it perfectly fits my needs, also, they have in plan crypto debit card, maybe they already have it, I'm not follow...if you're interesting, take a look, very good crypto company (for me), you can sell and buy about 70 crypto currencies, also, you can make a crypto funds - they call it strategies...as I mention, take a look if you're interested...
you have link or QR code, also :)
Thanks for sharing buddy much appreciated. I have a look.
You're welcome. As I said, that's my experience with crypto and after few years let's say "gambling" with crypto I find this which fit all my needs (of course, I'm here too).
I guess being here is the safest for me so far. The options here are alot. I can have access to my funds whenever I wish to.
not sure why link don't work but you have here QR code if you're interested...