Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? - Investment - Nairaland
Nairaland Forum › Nairaland General › Investment › Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? (4748 Views)
| Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by phenzy(op): 3:02am On Feb 01, 2021 |
I need your candid advice please |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by imagrg(m): 7:33am On Feb 01, 2021 |
Don't but btc yet because the price would depreciate soon. Instead, buy USDT because it is a more stable coin. 1 Like 1 Share |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by marsoden: 8:30am On Feb 01, 2021 |
imagrg:How do you buy It? Which app do you use? |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by Stephenmoka4(m): 8:32am On Feb 01, 2021 |
Bank gives close to 2 percent but, charges takes away the profit anyways. Cryptocurrency could drop and deprecate the value of your savings. Stable coins (Tether or USD coins) could help main the amount but, a drop in dollar means drop in stable coin price (exchange) |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by phenzy(op): 8:55am On Feb 01, 2021 |
imagrg:Tell me more about USDT coin bro |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by phenzy(op): 8:55am On Feb 01, 2021 |
Stephenmoka4:Wow I am just hearing about USD coins |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by Stephenmoka4(m): 8:59am On Feb 01, 2021 |
phenzy:They are having USD rate with ± 1 percent increase or decrease sometimes but usually at USD rate. |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by marsoden: 9:44am On Feb 01, 2021 |
marsoden:Any answer please? |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by lastmessenger: 9:47am On Feb 01, 2021 |
Crypto can make you become rich or poor overnight but savings account will add about 2% to your richness 2 Likes |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by SavageResponse(m): 1:06pm On Feb 01, 2021 |
phenzy:My advise to you would be to open a domiciliary account in either US$ or another currency whose value is stable and keep your money there. Crypto currency is a farce! Forget all the noise about it...the increase in value is not due to fundamental issue but largely due to hype and manipulation such as a pump whereby a large number of people agree to buy the crypto at the same time thereby artificially increasing its price |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by dobnina(f): 6:34pm On Feb 01, 2021 |
phenzy:Savings in crptocurrency is the best. Banks will give you at most 3% interest while you can even double or triple your money in crypto. If you want to buy any Crypto, I will advice you to be Bitcoin. But wait a bit. Let it dip further. Buy and hold. It will surely appreciate. |
| Re: Savings In Bank Or Savings In Cryptocurrency(bitcoin). Which One Is Better? by phenzy(op): 11:38pm On Feb 01, 2021 |
dobnina:Hmmm thanks so much. That’s the exact thing I think I will do |
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