Which is the best bank deposit or crypto deposit?| 10% for @tron-fan-club
Who does not want his own bright future? Everyone runs after unknown objects day and night to brighten their future. We always work tirelessly for our bright future. That is why many of us deposit money in various government or non-government financial institutions or banks and save for the future. It is undoubtedly a good initiative. Because every month this small effort of ours comes to our side at some point and supports us financially.
But sometimes I run around hoping for extra profit. For example, many of us make bank deposits as well as crypto deposits and invest in the digital world through crypto. What Abal means is that he currently invests only by purchasing digital currency. But which of the following is beneficial? Crypto investment or bank deposit? I think there is some risk in crypto investing but there is a lot more chance of success than bank deposit. Although currently the volatility and prices of most cryptocurrencies are absolutely minimal. As a result, many are losing their capital. But I think this kind of instability is temporary. However, depositing in a bank does not cause such instability. At the end of the term, a good amount of interest can be earned along with the principal.
For example, if I deposit Tk 500 or about 6$ per month in a bank from now on, my total deposit for 10 years will be Tk 60,000. Had then I can get about 80 to 90 thousand Taka(Bangladeshi currency) including interest. But on the other hand if I do steem or a little other currency with five hundred rupees from now on. Thus, if you buy or invest the equivalent of 500 tk per month for 10 years, you will buy the same amount of crypto at 70,000 tk at a time. Think about it, ten years from now, the price of crypto will not be the same as it is now, it will increase or decrease a few times!
After 10 years from today, the price of steem may go down and may go up several times. In the same way, the price of other cryptocurrencies can increase many times after 10 years. It may seem unreal but not impossible. Because there is nothing impossible in the bear market. Nothing can be blown away here. So think if after 10 years your investment doubles then you are also benefiting from the bank deposit because you are making a crypto deposit. Again, when the price of crypto goes down, the bank is losing money from deposits. However, it is expected that after ten years, the price of crypto will not decrease but will increase several times more than at present, so bank deposits can be expected to be more profitable.
Much Love And Best Wishes To All
I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
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Thank you for sharing your amazing article friend
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Thanks for sharing this investment strategy.
Hello dearest friend
Thank you very much for giving such an informative post.
I enjoyed going through your post and I hope to read more of your interesting post.
#steem-on 💙
Eye opener on a smart way to invest.
Crypto deposit is a very good way. Thank you for sharing this with us.
You have done a great article for the comparison between Bank deposit and Crypto deposits. Personaly I think the Crypto deposit is the most valuable thing as we can hold crypto dollars as real currencies. In such a situation, even if our country's currency is decreased, the value of our dollars will not be tolerated.