Saving money in crypto vs fiat currencies

[GoldenLady]

As someone who neglected crypto before, but now seeing it's benefits, I would not advise leaving money in the bank.

Investing in cryptocurrency can give you more profits in months than you can get from bank interest rates in a year.

But if you're not willing to take the risk, it's better to store it in banks instead.

 

[Dubai]

Honestly, it is better to save money in crypto currency as it is a form of investment that is better than saving in fait with the bank. The banks only give a little interest which does not measure up. But with a boom in crypto, you could get over %100 profit in your savings.

 

[Lyrrex]

I think crypto is better this days as can never predict how much it will grow or reduce.

Well, saving money in crypto can be better but that's if the price remains stable or increases on the long run,but as we all know that the price of crypto it's unpredictable.

 

[Presido]

I am a real fan of cryptos, investing in crypto is my number one option when it comes to online business, moreover, I don't really know about this fiat currencies

 

[Patrik]

I wouldn't describe saving money in cryptocurrency using the term "saving"? Why? Because cryptocurrency isn't stable when it comes to value, you could call it investement if the coin you are investing on keeps increasing

 

[Goodday]

We all have money we don't spend. We either save the money in our local banks and can get interest on it over a period of time.
However, we have experienced a boom in crypto this year. Considering that major crypto currencies likeBitcoin, Ethereum, ripples have crossed 100% yield since the beginning of this year.
Bitcoin was the highest big name gainer this year. Even cryptos like xrp,Bitcoin cash and Tron has achieved above 30% return so far.
Crypto is volatile unlike fiat currencies so would you save your money in major cryptos or local banks.

I think saving your money in cryptocurrencies will be better saving your money in the bank. When you save your money in cryptocurrencies, your interest rate is unknown and you can earn more than 50% interest whereas the bank reward you with a fixed rate.

 

[Seun4luv]

It is good to save your money into cryptocurrency to buy Bitcoin reason been that the Bitcoin is seriously uprising now a days. When you invest into Bitcoin be ready to get double money.

 

[Sincerem]

This days I hardly go to the bank for deposits. When I remember the queue session in the bank sector, I feel so discouraged to go. I prefer creating a Cryptocurrency wallet to store all my digital coins and make transactions.

 

[Adeyoola7]

Fiat money (or fiat currency) is currency that a government has declared to be legal tender. ... The government controls the supply and you can pay your taxes with it. Cryptocurrency is not “legal tender” and it is not backed by a central government or bank it is decentralized and global

 

[btaliat]

We all have money we don't spend. We either save the money in our local banks and can get interest on it over a period of time.
However, we have experienced a boom in crypto this year. Considering that major crypto currencies like Bitcoin, Ethereum, ripples have crossed 100% yield since the beginning of this year.
Bitcoin was the highest big name gainer this year. Even cryptos like xrp,Bitcoin cash and Tron has achieved above 30% return so far.
Crypto is volatile unlike fiat currencies so would you save your money in major cryptos or local banks from next year?

Saving money as crypto is the best. The boom can make the person rich for life whereas keeping in banks only attracts a smal percentage which is not encouraging.

 

[Ojonuyo]

Life is all about taking risk. Just imagine you saved like you did this year in crypto currency and the price rate was affected and did not boom as you have predicted it will be? Would you be Happy about it? Of course no, you will be totally disappointed.

Well, I am not against the motion of saving your money In crypto currency, am just suggesting saving in a bank will be more better. In the bank you are sure of your money being safe.

We can not tell if the price of Bitcoin, ethereum and ripple will boom next year just as it did this year.

Therefore, I rather save my hard earn money in bank and have peaceful night rest.

 

[Bookwormlux]

In the coming year, I would make sure I save only a small percentage of my money in Fiat currencies. I am hopeful that crypto currencies would continue to appreciate and so I am hoping to make more investment in them rather than leaving my money in bank

 

[Goodday]

I prefer savings in cryptocurrencies to savings in fiat. With saving your money in cryptocurrencies, you can actually gain a lot of profits than saving in fiat currencies. However, savings in cryptocurrencies comes with great risk and one needs to be very careful when dealing with this type of savings.

 

[Heatman]

I will prefer cryptocurrency to fiat currency savings .This is because cryptocurrency offers what fiat currency cannot offer and that is volatility .

CRYPTOCURRENCY is the future of all currency in the world. Be it paper or fiat currency, cryptocurrency dominates. When you look at how much just one BTC is worth as at $41,000 plus, you know it's unimaginable.

 

[kayode10]

Cryptocurencies are modern day precious stones. Bitcoin for instance is like a gold. It has more value than flat currency. As a result of this, it is pretty more saver to save money in cryptos. The reason is that crypto appreciate in value unlike flat currency. That is things more rich kids do in my country, they load all their cash in cryptocurency convert anytime they need cash.

 

[GIFTMICHAEL]

I'll rather save in Bitcoin.
Bitcoin is experiencing massive growth
By far the most popular digital currency is the progenitor of Blockchain technology. Bitcoin owns the lion’s share of the emerging market. Its trading volume is much larger than any other competing currency and its valuation is many times more than the second cryptocurrency of choice,

Additionally, Bitcoin’s exponential growth may portend good things for Blockchain currency in general.

The massive growth in cryptocurrency investment have opened the eyes of new investors to understand that investing in Bitcoin wallet is the best ever.

I don't think that there is any better way to save money than in cryptocurrency investment.

The rising interest rate in Bitcoin is far more profitable compared to fiat or any investment so far.

 

[Kennysplash]

We all have money we don't spend. We either save the money in our local banks and can get interest on it over a period of time.
However, we have experienced a boom in crypto this year. Considering that major crypto currencies like Bitcoin, Ethereum, ripples have crossed 100% yield since the beginning of this year.
Bitcoin was the highest big name gainer this year. Even cryptos like xrp,Bitcoin cash and Tron has achieved above 30% return so far.
Crypto is volatile unlike fiat currencies so would you save your money in major cryptos or local banks from next year?

I have not been a fan of saving in crypto currencies but I will start it now. Instead of saving my money as Fiat, if I had used it to invest in Bitcoin I would have made huge profits. So I will advice to save your money in crypto currencies.

 

[joy101]

I prefer saving money in Cryptocurrency than my bank, saving money in Cryptocurrency will make someone to have money, cryptos has been for someone to save his/her money , saving money in Cryptocurrency you will make a lot of profit,

 

[Damscooguns73]

Concerning saving money in fiat or in Cryptocurrency. I prefer saving or putting it into the cryptocurrency coins, either bitcoin, ethereum,ripple ,tron or any other. There is an interest or profit that will add up to your money at the long run of investing your money

 

[Heatman]

I have not been a fan of saving in crypto currencies but I will start it now. Instead of saving my money as Fiat, if I had used it to invest in Bitcoin I would have made huge profits. So I will advice to save your money in crypto currencies.

The truth about cryptocurrencies is that even if you can't afford investing or buying bitcoin, there are so many other cryptocurrencies to put your money into like Ethereum, Litecoin, Bitcoin cash etc.