Bitcoin is my Bank

[bosede1]

What is the need of opening an account without fund to keep inside. Take your time to investing more time will come when naturally you will not ask anybody before you open the account you talked about

[Imran232]

Its a smart decision. If you are able to take right decision in the right time then you must get success. But now the question is how can i know which time is right or wrong. Now this is the best point for us.

 You have to remember right time dosen't comes to us we all time stay in trouble for some time that means this is the time to use your smartness. We don't get right time to take right decision we Just get time and we have to take a time to make it right. Yes, we have make our time right by taking decision.

What you have done in your life. You make the time right you didn't wait for right time.

[FlightyPouch]

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.

That is just great to hear. Piece of advice, don't entirely depend or rely on the profits that you are getting from trading or investing. Bitcoin will not always go up as it will also go down at certain times. You should really adapt to what is happening and start finding a new job that would give you a stable salary to support your family. You could still put your money into crypto currencies as long as you can afford to lose it.

[imstillthebest]

you expect that yout going to profit in a bank and that was your reason of opening an account ?

 banks are for saving and if we want to earn,  bitcoin is the way to go .

 im already here in btc but if im earning huge chunks of btc i think i will still prefer to open up a bank acount and store some of my money in it for future use because that is more secure and stable but thats my plans for now and im not encouraging you guys to do the same and im not promoting banks , disclaimer .

[VDraci]

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.

Trading and investing are both two different things, since you've find your way around crypto trading why can't you focus more on that for now? And invest some money on bitcoin later? As you can see bitcoin price is surging, jumping in right now isn't as safe as when it was way down under 10,000$, it's better to keep trading

[heztida3]

I wish I could go totally bankless, yet for the time being, a portion of my bills must be paid through a bank, or at a mailing station with money, which might be inconvenient now and again since it's 5km from my home. In spite of that, I have in any event 200x more cash in Bitcoin than I have in the bank. The bank is there just as a reinforcement for things I can't accept with Bitcoin.

[pecson134]

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.

Security wise I would still prefer going and opening an account on bank since you're talking about the risk it may befall. I would not want my earning go to naught just for gambling it on high risk with possible high ROI. Unless you are determined that you can have a future with bitcoins then it would be wise for you to take bitcoin as an alternative bank in the future.

[goldade]

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 much as bitcoin have quite a lot of advantages over the traditional banks, I believe it is still necessary, in this case, to open an account with a bank and keep some of your profits there.
Just like you said, investing in bitcoin is risky and all speculations or predictions of the future are not 100% accurate so it is advisable you keep some in the bank. At least, that's some security against risk of losing all

[teosanru]

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.

I have heard an old famous quote that don't invest something more than you can afford especially when the security is so risky. Everyone knows bitcoin has a great future but the volatility that Bitcoin has is also something you should consider. It can get back to $5000 in a month or two and return back to $25000 in 6 months again. If you are so heavily dependent on bitcoin to support you family needs it might make you look a clown when you have to withdraw some money at $5000 for supporting your family. It's always better to keep atleast some amount of money as a buffer in your account. may be a couple of months expenses or may be a 3 month expenses. But surely going all crypto isn't really a good idea if you have a family to feed.

[PerfectCircle]

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.

I'm surprised that people aren't telling you the truth about holding bitcoin, you are supposed to invest with some amount of money you can afford to lose, it's still a big risk investing in Bitcoin, another good reason is if you need some money in future and it's a must to sell part of Bitcoin you may sell for loss because bitcoin might be down in value at that time, it's price will not always be up

[Debonaire217]

Thinking and doing some alternative way in order to survive in this time of pandemic is a wise choice to continue living. It is better to remain productive than being stagnant and just waiting for a help to anyone. Investing all your money in bitcoin is too risky since this cryptocurrency is also too volatile. This is not the same as gold and fiat money which are already has a strong foundation of not going down. I suggest to use trading in bircoin in earning money but do not use bitcoin as your bank because you might lose it all at some point without knowing.

[shide2020]

Always remember that, second lock-down is coming so banks will lock too and bank may fail you. kindly use trading in bitcoin so that it will yield more than you saving in bank. Bank may apply different charges so be wise.

[iTradeChips]

It is good story to see that your savings are being spent on good investment. Like those who invest in gold, or those who invest in stocks, and also those who are putting their money on a profitable business. Be careful with your investments and do everything to get good mentors who can guide you to become a good investor and be able to earn more. Always get all your information from best users here and best wishes to your endeavors.

[Smartprofit]

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.

The development of CBDC does not imply the existence of commercial banks.  Central banks will issue money. 

Also CBDC does not imply payments on deposit accounts and issuance of loans.  In essence, this is the liquidation of the existing banking system.  The total debt in the world is so great that it is inevitable.  Bitcoin is truly your bank.  I think that in the future, you will need bitcoin to issue your money. 

We are used to the fact that fiat money is reliable money.  However, at the present time, unfortunately, this is not the case.

[manfredmann]

It is good story to see that your savings are being spent on good investment. Like those who invest in gold, or those who invest in stocks, and also those who are putting their money on a profitable business. Be careful with your investments and do everything to get good mentors who can guide you to become a good investor and be able to earn more. Always get all your information from best users here and best wishes to your endeavors.

Savings is one of the best way to promote or to manage finance especially to avoid spending too much. Instead of spending it, it would be good to save it for future use. Once you are into saving your spending activity will be minimize due to the mindset that you need to save and to achieve your goals. Using bitcoin as bank is one of the great idea. Just do not lose the important details of the wallet that you will going to have.

[Kocret02]

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.

investing in bitcoin is less risky than investing in other coins, but you must really know the techniques used. because if the technique you use is correct I think you will not fail and you will get a big profit

[Lordhermes]

I really appreciate your idea of using cryptocurrency as a means of saving than using your traditional bank method, but there is something you need to understand, funds in the exchange is different from funds in the wallet. What you are literally doing is more risky because all of your funds are in the exchange where you trade and store right? But this isn't appropriate as funds in exchange is vulnerable to hack or something similar, meanwhile of it happens mean your funds are gone.
It would be better if you had had a wallet (with private key) for storing the little funds you gained from trading as this is the surest way whereby your funds will be saved so you can easily feed your family and yourself, it this right at some point?

[Fatunad]

I am happy for your bold decision and it’s success. Such is bitcoin, it is financial muscle for many. Most of us depended on bitcoin long before Covid19 came and we still survived Covid19 with the help of bitcoin. I am just glad that bitcoin continues to be a blessing to many.

For those who earn crypto amidst of this pandemic is really a great help but dont remove into your mind when it comes to risk where it isnt really that much
prefer on putting all of your money into crypto or even with Bitcoin.You wouldnt know on what would happen.
Always consider on putting only the money that you can afford to lose.

But if you do insist because youre that optimistic then its your choice.As long you do gain then that what matter most.
Always take precautionary measures.

[verita1]

Certainly "Bitcoin is my Bank"
Thanks OP for sharing your experience. I feel identified with you in some way. What I could advise you is that you try to open a new bank account. Just for you to manage certain funds and keep your portfolio in bitcoin and crypto. When you need cash, use P2P platforms to exchange crypto for cash. So you will save your money invested in bitcoin.

That is what I normally do to protect my money from inflation. Also in the crypto space there are several ways to save: crypto staking, run, validate, certify node and more.
Good luck in our crypto space.

[CryptocurencyKing]

I really hope you don't pick offense in this as it could be what it really is to you but, if I am to be frank with you and fair to myself @OP, this post looks very much like a merit hunting. this is a regular post i should be expecting from any regular beginner but it appears your obviously not of that category. mare looking at your activity count reading up to 700+ and I got curious how you aren't a hero or sr. member just yet. For a fact, you've been active and as such a little trip through your profile to see what's your post quality like and i can say its relatively low and very much on the average and coupled with the fact that, this account has been in existence since 2017 and yet, your only just beginning to start your journey in bitcoin investments, your journey in crypto must have been really rough. Naturally I would have thought its been all about bounty hunting for you @OP but that doesn't seem to be the case, but only seem to pick it up just more recently and i'm not sure it would do you a thing of good to go down that road.

In light of the thread, bitcoin isn't a bank and cant be a bank. currencies aren't banks, wallets are.
It pays to be a bitcoin investor and depending on the path you choose to approach it, either trade or hoard or investing it in some other gainful activity, you've just got to develop the right attitude towards it and your almost good to go.