Bitcoin is my Bank

[LittleBitFunny]

Truly this is another inspiring fact. Many people have changed their Luck with the help of Bitcoin. Although online trading requires some skills, But many unemployed people have become self-sufficient by just holding bitcoin without any skills. If you don't have any skills, still you can make profit only by holding bitcoin for long term.

[angrynerd88]

Contributing in bitcoin is truly great and your cash will develop but you may have to be secure also your future and banks will assist you by sparing cash so rather than having bitcoin as it were its superior to have both banks and contributing to the bitcoin. Once you win in contributing to the bitcoin will you put the benefit to the bank. Since bitcoin is hazardous venture but will deliver you a great benefit but also risk of lose money, It is clear that more risk more profit so risk is involved everywhere but professional investors invest wisely to minimize the risk.

[XCANA]

The freedom Bitcoin can give Banks can't offer such to their esteem customers. Bitcoin has be one of the best investment in this century becasue of it powers to holders. Basically, your story looks good because you where able to move from little capital to were you're now, which mean, you have added more feathers to yourself compared to your beginning. Though, trading need skills to make money with it; and learning more skills in this industry will give more opportunities everyday.

[Casdinyard]

Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.

I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.

I just hope I made the right decision.

Investing is a good idea but keep in mind how the market  behaves in an uncertain way. Profit is not always assured if you won't make a good analysis to when will be the good times to invest or sell. Holding for a long period of time won't guarantee huge profit simply because the market price is not totally increasing in a manner which is continuous. Volatility is in nature and many of us are aware of it. What's my point? whether to keep All of your money in Bitcoin or Bank, that will depend on your preferences and circumstances. Doing so will definitely put you at risk because it is investment in the first place. It is not a traditional asset wherein there is a bigger chance for its market value to continuously increase every year. So, I suggest having a concrete plan. In my case, I allocate an amount for investment, and amount in banks for future and emergency purposes to put things on balance.

[Karartma1]

Being my own bank without the hassle to have to open my branch, offering coffee and tea to my customers, having to vacuum the floor and bringing the rubbish out has its own advantages.
 
I don't know if I can consider bitcoin=bank still the ability to control my own wealth kind of gives the idea of what a powerful thing the bitcoin protocol is.

Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.

Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.

I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.

I just hope I made the right decision.

If I could give you my small piece of advice, don't go full bananas. Invest what you will not be used for sustaining yourself and your family. Don't go all-in. Rome wasn't built in a day, humbly stack your sats and be content with it.
I wish you all the best.

[jeniferqueen0409]

You are a man of youth and technology, very supportive of you in the thinking you have given. So you need to have a clear investment strategy. Wish you success with your chosen goal.

[AjithBtc]

This isn't a new thing, long back itself people have learnt to have bitcoin as their own Bank. People who are into cryptocurrency usage are once part of the banking community, and the technology evolution has made a big change in the financial system. This has paved way for large scale adoption of bitcoin. It is always good to have control over our funds, and the same is possible with bitcoin. We're into the very early days of bitcoin being our own Bank.

[Becky666]

You already made a right decision as you were able to survive thanks to your trading skills as not anyone can easily profit in trading especially while starting with a small capital. <snip>

OP made the right choice, though he should be ready to handle Bitcoin volatility becasue this has be one of the most hindrance for those who love Bitcoin, a believe in this technology will surely help in overcoming tough time and decisions with the technology(Bitcoin). I can still remembered the first time i bought some little Bitcoin, few weeks later the price dropped and i was afraid but unfortunately sold my portfolio, with this experienced i was unable to hold Bitcoin until 2018 when i understand the ways of Bitcoin as a technology and as an investment package.

[rijaljun]

Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.

Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.

I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.

I just hope I made the right decision.

As long as you know what you are doing and you think you made the right decision I'll go on with your decision it's nice that you have a positive perspective to Bitcoin I admire your courage although we all know the risk of the volatility of the price of Bitcoin.

[ChiBitCTy]

As a "financial professional" I would advise you greatly to not keep all of your money in bitcoin.  It is irresponsible for someone with a family to keep all of their money in bitcoin or any other highly risky investment for that matter.  If you lived alone and didn't have anyone else to support, that's one thing.  What happens when bitcoin falls back down to $10,000, or $8,000?!

I have written about this before and would highly suggest you read it- https://bitcointalk.org/index.php?topic=5288768.msg55577767#msg55577767

edit: All of you telling him he made the right decision or that he should do this, you all are clueless and have no idea what you're talking about.

[fishbonez11]

I hold all my funds on Bitcoin but I have my bank account in case I need a money. I just convert my bitcoin then transfer it to my bank account. Its wiser to put funds on bitcoin than banks, money on bank doesn't grow and also very much affected by the inflation. So it would be better to just hold, knowing that the price is ever increasing and more and more demand is obtained by bitcoin becaise of big companies adapting. Im sure that bitcoin will continue to grow and money will transfer from bank to being decentralised.

[ichi]

Putting resources into bitcoin is great and your cash will develop yet you should make sure about additionally your future and banks will help you by setting aside cash so as opposed to having bitcoin-simply it's smarter to have the two banks and putting resources into bitcoin. When you procure in putting resources into the bitcoin will you put the benefit to the bank? Since bitcoin is an unsafe venture yet will give you a decent benefit yet it can make additionally your cash loss.

[acener]

Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.

Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.

I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.

I just hope I made the right decision.

It is a good decision but you should also be prepared for the crash or correction.
I also agree that it is better to save in crypto than hold it on banks since we could gain profit more in crypto than the bank but the risk of losing money is always there.
As long as you could stay ahead and have a good decision with your holdings then there wouldn't be a problem.

[Sapphire915]

Choosing to invest in Bitcoins in the midst of Pandemic is really a difficult and much risky decision you had ever made. However, I really commend you for being so brave to take the risk, and glad to know that the outcome is great on you and your family. Indeed, it is really inspiring and gives me more courage as well to do the same. Wishing you more profitable days as time goes on.

[bitcoin31]

Many people treat bitcoin like a bitcoin and yes it is gives you a lot of money if you investing to the bitcoin compared if they their money to the bank so people are choosing investing to this because the bank will help you only to save it not to grow it and the only getting profit from your own money is the bank not you while if you trust the bitcoim it will gives you an opportunity to earn money but it the end we are still banks because what ever happens they will help us to save our money to secure our future they have different purposes the money that you earn from bitcoin must be save in the bank because also bitcoin is risky too that makes your money to lose.

[Latviand]

Many investors who already started before but look at bitcoin right now, it is really profitable for them.

That's a good choice because seizing the opportunity to invest in bitcoin is the best decision in your life.

If you trust bitcoin with your whole heart and you studied how it works in the market then you just need to wait for you turn. This time, many people are celebrating because bitcoin made another history and it has a new milestone which is to reach $25000. There are a lot of things that can happen here in cryptocurrency world.

[sarmrakib]

Investing in bitcoin is really good and your money will grow but you will need to secure also your future and banks will help you by saving money so instead of having bitcoin only it's better to have both banks and investing to the bitcoin. Once you earn in investing to the bitcoin will you put the profit to the bank. Because bitcoin is risky investment but will give you a good profit but it can cause also your money to lose.

You have provided a great suggestion.I really like it .You can earn a lot from bitcoin as the market is high volatile you can put your profit the to the bank .You have two option then and become so secured better than bank .On the hand you always have a chance to lose a huge amount on crypto like you can get a good profit though .So do your plan wisely .

[blckhawk]

Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.

Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.

I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.

I just hope I made the right decision.

Bitcoin has indeed a bright future however, you don't need to rely upon it too much it is still better for you to have a job. Take Bitcoin investment as an alternative way of earning because Bitcoin does not always work on our side. I mean there are times that Bitcoin could be profitable like now but what if the bear trend takes over what will be your income now? I'm glad that Bitcoin helps you with your financial problems, in fact, it does also the same for me. In terms of holding your funds, I think bitcoin could be a great place due to the fact that it will grow over time drastically unlike what banks can provide however, bear in mind that the risk would be higher.

[manfredmann]

Wow, good idea there buddy. In my opinion bitcoin could really be a bank and you have full control over your funds. The only thing that make it going to be at disadvantage if you are saving is the volatility of the bitcoin market. If you have to save money while bitcoin at low price that would be good but if you to save now then at the current price which is more than 21K$ then you will going to experience loses first especially when bitcoin market falls down.

[Noctis Connor]

Choosing to invest in Bitcoins in the midst of Pandemic is really a difficult and much risky decision you had ever made. However, I really commend you for being so brave to take the risk, and glad to know that the outcome is great on you and your family. Indeed, it is really inspiring and gives me more courage as well to do the same. Wishing you more profitable days as time goes on.

Its true his too brave to accept the risk that possibility that bitcoin drops, even in this kind of situation when we needed money the most investing your money into bitcoin is really a big sacrifice since you don't have any assurance whether bitcoin price suddenly drop nor stable. I can't even think that his going to made a big profit by doing holding bitcoin maybe yes when the price of bitcoin price increases. But when his not going to trade it maybe his going to regret it soon.