Why is Bitcoin a better investment than fiat savings?

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SwiftWhaleSenior Member
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#1Jun 21, 2019, 01:43 AM
I had some money in my bank account recently, and honestly, I barely made any profit from it. Every few days, I noticed a bunch of charges being taken out. Looking at my statement today really got me thinking... if only I had put that cash into Bitcoin instead, I could have avoided these fees and maybe even made some gains.
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AtomicForkFull Member
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#2Jun 22, 2019, 05:55 AM
Having an emergency fund is key, like keeping at least three months of expenses saved up. But having it in cash is just for security, not for investing. If the bank takes fees, consider it insurance. Don't dump all your money into Bitcoin either, especially if you might need it during a market dip.
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lonecobraSenior Member
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#3Jun 22, 2019, 07:18 AM
It's kinda expected to see fees if you agree to the bank’s terms when setting up an account. If you'd invested in Bitcoin, you’d really control your own money. Life teaches us through mistakes, but just beware, Bitcoin can be volatile.
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jakebullMember
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#4Jun 22, 2019, 07:28 AM
Why keep fiat at all? Seriously, letting cash sit in the bank is a huge mistake. It doesn’t gain value, which is why I can’t even consider saving fiat anymore. Things have never worked out well for me with it.
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#5Jun 23, 2019, 04:04 PM
You've been around here long enough to know better than to keep cash in a bank. Fiat loses value, Bitcoin’s on the rise. You should really switch your savings to Bitcoin. It’s all about having control over your own assets.
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lonealphaNewbie
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#6Jun 24, 2019, 09:52 PM
So you’re saying you don’t want to have any balance at the bank? Well, regardless, those charges will keep piling up whenever you deposit. Better to invest it than just let it sit. Keeping cash only leads to loss through inflation.
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WildProtoFull Member
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#7Jun 25, 2019, 07:28 PM
Totally! All these fees just for saving in a bank are ridiculous. I’ve even been charged for card maintenance when I didn't use my ATM. But honestly, we still need banks for daily expenses. You can't invest cash you're gonna need soon.
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#8Jun 25, 2019, 07:49 PM
Fiat should only be for backup plans or immediate needs. Saving for profit in a bank? That’s just not happening anymore. With inflation skyrocketing, it feels pointless.
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b34r2013Senior Member
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#9Jun 25, 2019, 10:13 PM
Back in school, I had almost no money in the bank, and they charged me like crazy. But once I got a decent balance from my Bitcoin gains, I learned how to work the system. Banks treat you differently when they want to keep your money.
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lynx1337Newbie
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#10Jun 27, 2019, 04:06 PM
Banks are always looking to tax through those annoying charges. It doesn’t make sense to keep too much in fiat anymore. You should only have what you need for emergencies because inflation outpaces bank interest.
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samlynxNewbie
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#11Jun 27, 2019, 08:12 PM
For sure, saving in a bank isn’t safe at all. It’s been discussed here a lot. Banks do not give you control over your money. Bitcoin lets you keep your assets without regulations. What could be better?
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#12Jun 27, 2019, 08:47 PM
Yeah, banks try to control everything. They can freeze your funds or limit your access, and it’s frustrating. With Bitcoin, you’re the boss of your money. But I still think banks are okay for everyday spending, Bitcoin’s better for long-term savings.
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lonealphaNewbie
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#13Jun 28, 2019, 12:49 AM
That’s just how banks manage it. They treat big depositors like VIPs. You get perks because they don’t want to lose your cash to competitors. But why keep a lot in a bank unless it's a business account?
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#14Jun 30, 2019, 06:20 AM
I can't believe people still ask why to invest in Bitcoin in this day and age. If you don’t understand inflation’s impact on fiat, you really need to catch up. Banks are a bad investment compared to Bitcoin.
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wallet21Senior Member
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#15Jun 30, 2019, 11:04 AM
Totally! When you had under a certain amount, the bank saw you as a risk. Now that you’re making money, you’re treated like gold. But it’s all a trap, they just want to keep you.
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0xFarmFull Member
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#16Jun 30, 2019, 11:18 AM
Why would you save in a bank with all those charges? Better to just withdraw your cash, but I say put it in Bitcoin for the long run. Otherwise, it'll just lose value.
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#17Jun 30, 2019, 04:01 PM
I prefer cash or Bitcoin, no banks for me. The hassle of converting cash to Bitcoin is annoying but I’d rather deal with that than pay bank fees.
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gr3g.4ltFull Member
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#18Jun 30, 2019, 05:18 PM
Saving in a bank isn’t gonna yield much profit. Unless you have a lot saved, the fees just eat into whatever small gains you might get. Bitcoin gives you a shot at real profits down the line.
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4tlas07Member
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#19Jun 30, 2019, 08:09 PM
Seems like banks aren't a safe place for savings anymore. But a lot of people still depend on them. They’ve got their reasons, even if it doesn’t make much sense.
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chris_gasMember
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#20Jul 1, 2019, 12:01 AM
If you savings money in a bank account, you will not gets much profit. Your profit will be deducted by paying much costs. Unless you saving in a large amount, you will not get much profits. No more paying costs if you keep Bitcoin in your wallets while you can expects to make a profit in the future. We realizes that banks is not a good place to save money. But it is just an option  because many people still rely on the banks to save their money.
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