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Author Topic: I hardly have up to $100 again in all my fiat bank accounts since I joined BTT  (Read 572 times)
Aanuoluwatofunmi
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January 19, 2023, 10:01:53 AM
 #61

Except for those that never had a taste with how bitcoin can serve them right in every aspect of their financial lives they will remain fixed and tied down to fiat, it's feels good to always try something new, bitcoin is a digital and a profitable decentralized currency then why are some people afraid of giving it a try maybe they could see something new and better than they've been experiencing in the past with fiat, it has been made easy to understand when you get the right information about bitcoin and such is what the forum here stand to represent, accurate bitcoin information to everyone, there's no need to fear of missing out when the ideas were already in place.

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klidex
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January 19, 2023, 01:56:22 PM
 #62

I'm sure you did not read my post insightfully, even the subsequent ones have successfully explained all this. Having almost all my money in BTC or other investments does not stop me from accessing them when I need them. Despite that I have other investments aside from Bitcoin, I easily exchange my money from BTC to fiat in a matter of fewer than 10 minutes in most cases. So, if I need money today, I will definitely convert, it is as easy as that.

Also, the $100 you underlook is big enough to sustain me and my family for a week in my country if there is no celebration or buying something that requires more money, which happens rarely.
What this means is that you keep all your money in Bitcoin and in all your fiat banks there is no balance up to $100.
If so, I really appreciate what you have done because you can confidently and be able to store all your money in Bitcoin or other crypto.
It is very rare for an investor to be able to save all their money in the assets they are investing in. The average investor only invests 50-70% of the money they have.
A little advice from me to keep and always save your assets in Bitcoin because surely one day you will get very valuable results from this storage. If there is an urgent need, it would be better to attract investments other than Bitcoin.

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EarnOnVictor (OP)
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April 05, 2023, 09:31:58 AM
 #63

I'm sure you did not read my post insightfully, even the subsequent ones have successfully explained all this. Having almost all my money in BTC or other investments does not stop me from accessing them when I need them. Despite that I have other investments aside from Bitcoin, I easily exchange my money from BTC to fiat in a matter of fewer than 10 minutes in most cases. So, if I need money today, I will definitely convert, it is as easy as that.

Also, the $100 you underlook is big enough to sustain me and my family for a week in my country if there is no celebration or buying something that requires more money, which happens rarely.
What this means is that you keep all your money in Bitcoin and in all your fiat banks there is no balance up to $100.
If so, I really appreciate what you have done because you can confidently and be able to store all your money in Bitcoin or other crypto.
It is very rare for an investor to be able to save all their money in the assets they are investing in. The average investor only invests 50-70% of the money they have.
A little advice from me to keep and always save your assets in Bitcoin because surely one day you will get very valuable results from this storage. If there is an urgent need, it would be better to attract investments other than Bitcoin.
It seems you are getting something wrong here. My expression is the fact that instead of keeping my extra cash in banks and wasting it, they are wisely been managed in Bitcoin. By virtue of this, I don't have as much as $100 in all my bank accounts.

This doesn't mean that all my assets are in Bitcoin, but the ones that were supposed to be in the bank are kept there. In other words, Bitcoin is now my major bank that gives me more interest (gain as some might call it).

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Inwestour
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April 05, 2023, 10:26:24 AM
 #64

It seems you are getting something wrong here. My expression is the fact that instead of keeping my extra cash in banks and wasting it, they are wisely been managed in Bitcoin. By virtue of this, I don't have as much as $100 in all my bank accounts.

This doesn't mean that all my assets are in Bitcoin, but the ones that were supposed to be in the bank are kept there. In other words, Bitcoin is now my major bank that gives me more interest (gain as some might call it).
I have long since come to the conclusion that I do not keep my savings in the bank, the balance never exceeds $ 500, but often it is much lower. I don’t have much confidence in banks, so in order not to create unnecessary unnecessary risks, I exclude them myself.

So far, my main investment is also Bitcoin, but in the future I plan to diversify my investments into other assets. There is a plan that I will stick to, and there is no place for banks in it.
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