Hello again my fellow community, I just want to share a comparison on where we should put our money now based on my personal opinion and experience. I would also like to remind you that I'm not your financial advisor and what I'm sharing here is base on my theory and own personal investments.
BANK
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank (credits @ https://www.investopedia.com/terms/b/bank.asp).
Advantages:
- Bank accounts offer convenience
- Bank accounts are safe
- It's an easy way to save money
- Bank accounts are cheaper
- Bank accounts can help you access credit
Disadvantages:
- Bank have chance to go bankrupt
- Bank have a risk of fraud and robberies
- Bank have a risk of Public Debt
Overall, to summarize it, having a bank is really good as you can keep all your savings there while making a good credit name in return to access more funds for investments. However, on the other hand, we are not really sure how long does a bank would last and offer us good credits while also paying interest from loans, credit cards, and other investments.
SPLINTERLANDS
A new generation NFT (Non-fungible token) game that just breaking records all around the corner and making new heights in the NFT crypto gaming world. It's fun, unique, addictive, and innovative in so many ways that will enable you to get a lot of opportunities to earn.
Advantages:
Play anytime
You can play it right away either you buy a spellbook to earn DEC (Dark Energy Crystal) tokens or just try it first and learn from it.
Invest money and trade
This is like a little crypto trading platform that will enable you to buy some assets like gaming cards, SPS (Splinterlands token), DEC and have a chance to exchange those to most of the tokens around the crypto world such as BNB, HIVE, ETH and many more.
Earn right away
This is just amazing that putting an investment such as buying some great cards like rare, epic, or legendary (gold or normal foil) you can actually keep it or put it on rental to earn some decent DEC and additionally from at least 300 more days, you can get airdrop points (free SPS Token). Also at any point, if you just want to sell it and buy a new set of cards you are free to do so.
Stake your assets
This is one of the powerful tools on this platform that most of the NFT gaming world should start to consider moving forward. By doing so, you will be rewarded daily by staking our assets and giving us additional benefits in the long run such as the incoming Chaos Legion Pack presale voucher later this month. Not only that, a lot of assets are available in the community that you can exchange or stake with your desired tokens.
Choose your position
Yeah, that's right, this game is offering you what position you want to be part of. It's either an average player, pro player, day trader, investor, curator and almost a lot of positions that you can think of is achievable if you trust the whole process of this game.
Time is yours
Time is an important feature in any aspect of life and this game offers us unlimited things that we can do in order to help us gain. Now it depends on your availability on how you approach it and start giving time to achieve your goals.
Powerful Community
From the founder, creator, leader, manager, writer, down to the IT specialist, programmer, maintenance, driver, and anyone who got engaged in Splinterlands community whoever we are, this community is the best! Loving, supportive, generous, noble, most of the positive words you can always feel and find every day are here in this community.
Disadvantages:
Crypto is volatile
Invest money at your own risk and don't risk if you're not confident to do so. Prices of all your assets might be up now and can go down later, that's a normal fact for crypto.
Downtime and changes
It's a normal thing for every platform to do some maintenance and depending on the duration of it then that's the only thing we need to worry about as it's beyond our control. Changes are one of the aspects of gaming as well that is uncontrollable, however, changes are always for the better as a whole and not just for benefit of one.
Unrelated Issues (Internet Connectivity and Electricity)
Internet is our way of life now that's why we're all engaged in NFT gaming all around the globe. If we cannot get online we cannot avail of any of this. Also, electricity is the source of everything so without it we can't do anything as simple as that.
Finally, in my opinion, I have chosen SPLINTERLANDS as a good investment over Bank as I'm literally doubling up my money daily from getting extra assets by playing with it, trading, rentals, and staking tokens. Almost everything you are doing here just by simply writing your own experience can give you extra earnings right away. Again you just need to allocate your time, keep it up with the community and you can find out that most people here are mentors, leaders, noble, and really sharing ideas with everyone to help us grow. Thank you SPLINTERLANDS, simply the best!
Posted Using LeoFinance Beta
My parents got angry when I bought Bitcoin ...
I better not tell them I'm investing into virtual cards now :D
I know right!?!
And here the SPT upvote for the triple booster.
@monster-curator I wrote a lovely letter for you. You dont even visited my post :(
OMG cant believe this! thank you fam! much respect and love always
Since I catch you here while curating content on 1up, I would like to say thanks for gifting me a subscription to Clove's stream. I really appreciate it, and it is another piece of evidence how great this community is.
Your post has been manually curated with $ONEUP by @solymi delegation provided by @oneup.delegation
wow! many thanks fam, appreciate it, our goal is to make this community grow big and learn the positive things that you and other streamers are spreading. more power and see you around fam!
Im with you! I invest in this game because i love playing it and the community great!!
One big 1UP for this one. Check out 1up.zone for our new blockchain gaming token on Hive-Engine.
thank you! I'm sorry I forgot to put that #oneup tag will definitely not miss it next time. thanks again!
And here comes the LEO upvote.
you're amazing bud, one of the pillars and inspiration to keep us up in blogging! thank you!
@zasktrader! The Hive.Pizza team manually curated this post.
Learn more at https://hive.pizza.
thank you fam, this is special!
this one can knock the sense out of you to learn how you invest, whether you are a big-time or small-time investor or even just new to the world of NFT, you just need to set a time to learn how things work for you. Refresh your mindset of what you really need and find time to enjoy it.
Thank you daddy @zasktrader for sharing your wonderful thoughts.
#NoSleepGang
IGN: alviona
hey there brother, thanks for the support appreciate it, we definitely need time to appreciate things and understand it, once you feel confident and be able to enjoy doing it, man it will be unstoppable! all the best and blessings fam! #Nosleepgang
Another great post, you're on a heater lately. As always much love fam and easy upvote from me.
!LUV
<><
@zasktrader, you've been given LUV from @drabs587.
Check the LUV in your H-E wallet. (1/1)
hey bud, were always dreaming big and hopefully the things that we just hoping to happen before will come into reality soon, we just need to believe in the power of Karma and share the blessings that each and everyone in the community is showing to us, again bud your one of those people and will always be here as well to support you and thank you!
thanks fam appreciate it!
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
always thankful guys! appreciate it!
Both is good, just for me,I will diversify my investment,put half in bank, half in Crypto and half in splinterlands because we don't trust this online things. One day they will tell us that their Network has been hacked.
That's the reason to diversify it.
Posted Using LeoFinance Beta
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Very thought provoking post! I would just like to point out that its not an either/or situation. Its always a risk/reward equation. If you are just looking for rate of return, Splinterlands is a no brainer. At the end of the day, if you are looking for rate of return with some amount of safety, then the key is not keeping all your eggs in one basket! Diversification is the key to protecting and growing your wealth. Crypto, fiat, gold, real estate - own as diverse a basket of assets as possible so that you are protected from market flucations while still having exposure to high growth assets like Splinterlands.
See you on the battlefield!
all is well here. hahahha I just thought of copying and pasting my peakd comment here its the same hahah
Just to point out a few things:
Money deposited into banks is insured so the disadvantages you listed don't actually exist. The real disadvantage of having money in a bank is that the interest on your deposit is lower than the rate of inflation so you lose buying power as your banked money goes up slower than prices go up.
Crypto assets should not be viewed like investments, they are speculative and quite volatile. Speculative assets can be profitable but the risk needs to be limited by diversifying.
Instead of comparing splinterlands to banks it would be more appropriate to compare it to stock/bond investments.
A well diversified financial position might include: two or three months worth of banked cash to help through temporary emergencies/loss of income, an investment portfolio between 80/20 and 60/40 stock/bond split based on age, gold equal to 3 to 5% of the value of your investment portfolio, and speculative assets (such as crypto) equal to 10%.
In the 1990s most people were convinced that it was impossible to lose money by speculating on tech companies. Between 2000 and 2002, many of those companies lost 99% or more of their value. Crypto should be viewed similarly. Don't be afraid to take some speculative risk but diversify accordingly.
A good investment portfolio will see an average return of 8% annually which might not seem like much compared to crypto but it is much lower risk and putting some money into that portfolio every month will allow it to steady build up so that there will be enough money there for retirement. Depending on where one lives, investment advise and management expenses may be fully tax deductable so its worth looking in to and speaking with an advisor.