Bitcoin is my Bank

[capcaypro]

I think this is very good but of course you have to be careful because trading here is your risk that determines, but your decision I think is very appropriate because when we invest here our money can grow very quickly but with great risk as well, but this comparable because the risks are great and the benefits are huge as well.
keep our friends on the best path for the future

[Imran232]

Really good decision. Not only you i saw lots of people comes in bitcoin because of they lost their job in covid pandemic. And they finding an alternative and got bitcoin. Then they got a huge success here and share their feedback with us. How bitcoin help them to live a better life in covid pandemic. Well your story is also same with others. And this is a good site that bitcoin getting people’s trust. This thing gives bitcoin a little push. Very soon on every person's phone have bitcoin wallet. Which is a vision of bitcoin. Lets hope for the best.

[GideonGono]

You are not alone OP there are also people who lost their job and came into crypto for alternative earnings and using it as a bank,
But it is better than Banks as you said it could bring more profit than banks and we could earn by trading it.

[ROSE B]

Bitcoin can indeed be used as a means of storage. Its storage is even better than the US dollar. It has its own unique characteristics and is very worthy of the people's trust and use.

[Alisha-k]

The cryto market is such that cannot be predicted and  once can't tell when it would rise and fall like wise one can't tell how long it would be in the dip. The only benefactors are cryto traders who make profit either from Bullish or bearish trends. As a trader I feel making it your bank is more safer but still remember the market is highly volatile and losses also occurs during trading

[Alanaz]

yes indeed investing in bitcoin is very profitable because by investing here indirectly your future can be calculated, but don't forget this is not instant and takes time because here it cannot be done in one or two days because this takes time.
and never use all the money you have here because this is very risky and the risk is very big. use the money that you don't use for necessities.
because there are so many examples of people who invest all their money here will be stressed when the price drops

[Kittygalore]

Bitcoin can indeed be used as a means of storage. Its storage is even better than the US dollar. It has its own unique characteristics and is very worthy of the people's trust and use.

It's a good storage until the prices has gone down and all the people with the weak hands start panicking and panic sells their bitcoin. I say that take some sort of precaution before investing in bitcoin because blindly following will not be the best course of action.

[btctaipei]

Bitcoin is my bank.

bank holds assets. Assets includes tangible things that are other than properties. Example would be Central bank
bank also makes investment. Example of this would be JP Morgan.

When prices are high, you can purchase things with bitcoin. Example includes gold, silver, education, training, and hosting services.

When prices are low, you can buy back with bitcoin.

as an user of Bitcoin you need to realize Bitcoin is your bank, but it is not an bank that someone manages it for you so you just get money when you like.  The bank you were think of are the North Korean bank where Royal-Court system economy are in practice.  This is, however different than what Bitcoin can offer to individual and entities. 

with that said, Hopefully you understand there is an distinction between royal court economy banking and banking (which includes investments and management of custodianship to various types of liquid assets)

[ChrisPop]

If you had come to the point where you have to liquidate an entire bank account to pay for your necessities then you shouldn't be investing. Instead you should be saving first at least to have I'd say 1 year worth of living without working put aside be it under your mattress or in a bank account. Bitcoin is indeed becoming a "safer" asset as time passes and the adoption rate raises, but if I were in your financial situation I'd look to diversify more. Maybe stocks, land or rental properties, Idk what are the prices where you live though. However in my opinion is too early to use Bitcoin as a "bank" for all your money.

[Lordhermes]

Bitcoin can indeed be used as a means of storage. Its storage is even better than the US dollar. It has its own unique characteristics and is very worthy of the people's trust and use.

Bitcoin also have low transactions fees. Operates on an decentralized system, can't be controlled by anyone. And can be transferred to any country in the world, it has no border, what you said here is the purpose why bitcoin was created as to kill the dormant and stable state of fiat in the economy, holding fiat for a very long time adds nothing to your portfolio and so the new decentralized payment system beats out the older and that's bitcoin.

[secretgirl]

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.

yes, hopefully your decision is right. if I myself choose both, because in my opinion both have advantages and disadvantages. when you prefer to store bitcoin over fiat currency in a bank, I think that is also the right thought. bitcoins are limited in number, and that will keep the value of bitcoins going and may have a good future. but you also have to think about the extreme volatility of bitcoin which is very risky, whereas fiat money tends to be more stable. not a few people who experience losses with bitcoin, and maybe you are one of the many people who are lucky with bitcoin. I use bitcoin for profit, and I will save the income in the bank. if one day I experience a loss because the price of bitcoin falls, I still have money in the bank.

[barabarian1]

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.

is there no help from government? i think they do it, although not as much as we need. and public will outsmart some events that happening, to make their lives easier.
crypto be the one easiest way to multiple your money (for people who understand it). not only risky, but also need time to process what people want. real job needed if you can find and do it, as long as it can help economy.

[Mahanton]

If you had come to the point where you have to liquidate an entire bank account to pay for your necessities then you shouldn't be investing. Instead you should be saving first at least to have I'd say 1 year worth of living without working put aside be it under your mattress or in a bank account. Bitcoin is indeed becoming a "safer" asset as time passes and the adoption rate raises, but if I were in your financial situation I'd look to diversify more. Maybe stocks, land or rental properties, Idk what are the prices where you live though. However in my opinion is too early to use Bitcoin as a "bank" for all your money.

We do love bitcoin but doesnt mean we would go full on 100% trust on it on where we do put all of our cash without thinking off on diversifying it on other possible things like stocks and properties because we dont know on what comes next with Bitcoin and theres no assurance on what the future holds with it even though it is good looking as of this moment but there no guarantee on that. When it comes to its usage then nothing beats out to be your own bank and making out transactions without 3rd party intervention plus having cheap fees and irreversible transactions and thats what makes it cool.

[mckinleeanael07]

have a vision with Bitcoin, buy and hold it for about 10 years it will give you a huge profit, currently I am also buy some BTC and hold it for the next 10 years, and I think it will be profitable.

[wendy sy]

During the covid-19, I also tried to invest in cryptocurrency, because there was no source of wages when I was at home, and the price of goods was still rising, and the currency was depreciating. At this time, I think that cryptocurrency is more worthwhile than fiat currency, and it is indeed through encryption. Currency has accumulated a little wealth, and Bitcoin as a long-term store of value is still more reliable than other methods.

[sapnu]

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.

Making bitcoin as your bank is a risky decision. You need to learn and understand how volatile bitcoin is so there's a high chance that the money you put in will either go up or go low. Investments will always be risky, it will depend on you on how you can handle the hardships that you may face. Bitcoin is a complex investment, there are a lot of things you need to consider before you can become successful with your investments. Your decisions will be considered right if you will hustle your way in into proper investment in it. Any investment, even if it is not in bitcoin, commit and you will surely benefit.

[CryptoStar19]

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.

Making bitcoin as your bank is a risky decision. You need to learn and understand how volatile bitcoin is so there's a high chance that the money you put in will either go up or go low. Investments will always be risky, it will depend on you on how you can handle the hardships that you may face. Bitcoin is a complex investment, there are a lot of things you need to consider before you can become successful with your investments. Your decisions will be considered right if you will hustle your way in into proper investment in it. Any investment, even if it is not in bitcoin, commit and you will surely benefit.

Investing in bitcoin is only complicated when trading or trying to maximize yields beyond just holding. On the contrary, dollar cost averaging into bitcoin with money that you don't need to live on and simply holding is very easy and simple and certain to pay off in the long run.

[Tigerheart3026]

it's seem relatable incident happen with me in the last year pandemic, even what i have earned in the last few years by worked in bounty campaign, i hold btc and altcoins in my wallet for the future saving, i spent all crypto because had no other source of income in my family.
so when crypto was my bank, i can sell it anytime.

[rosebrand]

It's a good thing you found hope in bitcoin after loosing everything including your job and also exhausted all the money u got, that's really a good news but I will advice you to still create a bank account and save your profit because in time to come the money you saved will surely save you someday, am actually talking from experience soon the bearish season will come in future so you need to invest and trade with caution so as not to become stranded when a serious market crash comes or better still save your profit in USDT.

[KennyR]

Bitcoin itself serves as an investment, currency, bank and goes on and on. This multiple ways of usability depends on different thinks that are interconnected. As of now Bitcoin to serve as a bank requires the usage of a traditional bank. This means right now we haven't got direct usage access in large scale same as the traditional fiat, so to make use of bitcoin the possible solution is to cashout and use it. This is possible with the support of bank. This will change with massive adoption and direct usage.