My personal savings now I will invest in Bitcoin

[smile1218]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.

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[Ricardo11]

Congratulations, you want to invest in Bitcoin without keeping money in the bank. If you invest long-term in Bitcoin now, you can get very rich from here. Investing in Bitcoin without keeping money in the bank will be the best decision of your life. Bitcoin is the best for investment. Nowadays many people are losing trust in banks. Because currently many banks are going bankrupt. But there is no possibility of Bitcoin going bankrupt. So many people are now investing in Bitcoin. The value of Bitcoin will increase significantly in 2025. In 2025 the value of Bitcoin will rise to around 100k. So instead of keeping your money in the bank, invest in Bitcoin now. You can achieve great success in this.

[Awaklara]

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.

because most beginners also just go along with friends' suggestions or what they see on social media ads. they purchase assets at random for their investment. even using money from the needs they have.
the basic concept of investing, they will benefit if they choose the right assets and also have the patience to achieve their investment plans. many beginners think they want to get profits in a short time by investing in Bitcoin. and clearly it is the wrong owner.

[ancafe]

Like you said your savings is what you wanted to invest in Bitcoin but my question is if you have another source of income from these savings because you can't invest all your savings without having a stream of another income, if yes you can happily and rejoicingly invest your money waiting for your investment to grow.

Investing all the money we have in crypto will prevent people from meeting their needs and it is better if the portion of the investment must be adjusted to daily needs and other needs, so that our finances can be balanced and not burdened when all the money we have is all transferred to investment because We never know when our urgent needs are needed at a certain moment. I personally put 35% of my money in investments, 45% for living needs, be it usual for health and children's education and another 20% for savings. In my opinion, the portion of money cannot be completely placed in one channel and indeed there must be a separate portion that must be separated according to needs.

Because if we put all the money we have in investments then how can we possibly offset our daily needs for the process of our life's journey. Investment is indeed very important to push us to reach the stage of financial freedom and investment accuracy must also be patterned correctly and precisely because everyone needs a strategy in running it.

[xSkylarx]

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.

because most beginners also just go along with friends' suggestions or what they see on social media ads. they purchase assets at random for their investment. even using money from the needs they have.
the basic concept of investing, they will benefit if they choose the right assets and also have the patience to achieve their investment plans. many beginners think they want to get profits in a short time by investing in Bitcoin. and clearly it is the wrong owner.

And also, they just based their decisions on some influencers online without doing their own research. Most of those who lost their money did so because they followed the advice of the influencers and jumped in on the hype, blind to what was really behind those coins. They just heard promises of the actual price, but it turns out it would not be listed on the exchange. But again, people are now more cautious than before, and they mostly criticize the influencer if they introduce a coin to their followers.

[Maslate]

Never invest all your money in crypto currency. You should invest 50℅ money so that you can start new business with other 50% money in case of loss. Moreover btc price has increased a lot now and if it goes down in the future you can lose a lot. Don't be the last to invest and don't make the crypto market the first to trade.

I have to agree with you. Bitcoin is a highly profitable investment but we should not forget that it’s highly volatile too, and anytime the price will drop again inevitably. So never put all your funds in a single egg. Learn to diversify as well. I suggest you put small amount of funds in bitcoin at first, and when it progress, increase your size position using your profits until you maximize your bitcoin investment through DCA. That way, you will manage the risk and reduce your chance of losing.

[Sterbens]

It makes sense if you look at the conditions you described for your country to move because this can also be one of the security and comfort for you but in this case you have to pay attention to something else because what I often read and what I know so far, your country is still not too friendly to bitcoin so in this case of course you have to be more careful because it could be that what you do violates the rules of the government so you don't get another loss from this even though there are several other friends from the same country as you also still in bitcoin on this forum.
Being in bitcoin still has risks but when looking at the conditions of the current economic chaos the best way to move is the right choice.

[Rupok]

You cannot earn much profit if you keep money in the bank.  Investing in Bitcoin will definitely be good for you.  But I think it is better not to invest your entire money, you can keep some money invested in bank if you want.  If you have gained enough experience in Bitcoin investing then be aware of the risks. Now is the right time to invest in Bitcoin as we are in a bear market.  But hopefully we will reach a bull market very soon.  But the remaining money should be invested while maintaining financial balance.

[so98nn]

That is a very interesting project for yourself and your savings plan. This will definitely work for you since you are going long term with this. You will be making nice selling entries with optimum price range. This means you are going to do dollar cost averaging with this type of savings. If it is five years plan then you can easily consider around 20-30% yearly hikes in your investment. If you start doing compounding investment with this then I am sure you will be able to earn even more than that. With the five years of Timeline it’s gonna be huge for sure. Good luck mate and welcome to holders group.

[KiaKia]

Congratulations, you want to invest in Bitcoin without keeping money in the bank. If you invest long-term in Bitcoin now, you can get very rich from here. Investing in Bitcoin without keeping money in the bank will be the best decision of your life. Bitcoin is the best for investment. Nowadays many people are losing trust in banks. Because currently many banks are going bankrupt. But there is no possibility of Bitcoin going bankrupt. So many people are now investing in Bitcoin. The value of Bitcoin will increase significantly in 2025. In 2025 the value of Bitcoin will rise to around 100k. So instead of keeping your money in the bank, invest in Bitcoin now. You can achieve great success in this.

How many banks have really go out of business because of bankruptcy in your country? And where are you from I will like to know because this claim feels like a false to me, since I was born I have only know 1 bank that closed down and that's like 1 out of 12 banks that are functioning perfectly for years now.

My parents kept all their money in the banks and they are older now, till this day not a single bank when bankruptcy on their watch, why are people talking about bankruptcy like it's something that happens every now and then?

Instead of advancing this person to invest what they can afford to lose in Bitcoin because of the risk you are praising him for investing all the money he keep In Bank into Bitcoin, that's a very wrong way to invest in anything, I still keep money in the banks for many other reasons, I need Fiat to make transfer to buy things I can use, I will like to know what he use when he needs to buy something for himself or his family.

[DaNNy001]

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.

because most beginners also just go along with friends' suggestions or what they see on social media ads. they purchase assets at random for their investment. even using money from the needs they have.
the basic concept of investing, they will benefit if they choose the right assets and also have the patience to achieve their investment plans. many beginners think they want to get profits in a short time by investing in Bitcoin. and clearly it is the wrong owner.

Sometimes you don't get to blame them for thinking such because they might have been probably told the wonderful news that follows a bitcoin investment by a friend and all they could imagine is the huge profit they calculate will be there if they invested. Most times these advice are from people who have benefited a lot from bitcoin but the major issue is they don't actually explain to these newbies the risks that follows when you invest in bitcoin and again most of the newbie are just lazy to their own research they prefer going through shortcuts in life thats wanting to have huge earnings without probably taking big risks.

[Dr.Bitcoin_Strange]

Sometimes you don't get to blame them for thinking such because they might have been probably told the wonderful news that follows a bitcoin investment by a friend and all they could imagine is the huge profit they calculate will be there if they invested. Most times these advice are from people who have benefited a lot from bitcoin but the major issue is they don't actually explain to these newbies the risks that follows when you invest in bitcoin and again most of the newbie are just lazy to their own research they prefer going through shortcuts in life thats wanting to have huge earnings without probably taking big risks.

This is the reason why some newbies really fall for most ponzi schemes: they are always looking for shortcuts to earn quick money, and they land themselves in some huge losses of assets. The worst mistake that some of them even make is to get convinced into believing that Altcoin is just the same thing as Bitcoin, and by the time they also hear the 1000x profit story of some alt, they will just sell their minds to greed and buy shitcoins, thinking they are Investing in Bitcoin.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[MiF]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

The decision is all yours investing is your own decisions dont lean on to others because they will not suffer if your money is lost do your own research and be more careful because not all investors earn on investing,it is crypto everything here is very posible the price is always moving or unstable so decide by yourself for good.

[freedomgo]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

It’s a good thing that you have high faith in bitcoin because that will somehow help you to seize every opportunity that comes, and stay fearless on taking some risk. However, investing all in may not still guarantee huge profits in the end. Instead, diversify your investment like try to invest in bitcoin, and then try your luck too in real estate or bonds. That is a good way to maintain yourself from profiting and to avoid yourself from losing a lot.

[serjent05]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

It’s a good thing that you have high faith in bitcoin because that will somehow help you to seize every opportunity that comes, and stay fearless on taking some risk. However, investing all in may not still guarantee huge profits in the end. Instead, diversify your investment like try to invest in bitcoin, and then try your luck too in real estate or bonds. That is a good way to maintain yourself from profiting and to avoid yourself from losing a lot.

I think even though one person has faith on his investment, he must learn about the investment thoroughly.  This will strengthen the belief he has on his investment and can be able to decide when he can take profit and reinvest on it again.  Like for example, Bitcoin being known to have a 4-year cycle can enable a trader to take advantage of the cycle and take profit every interval like selling when Bitcoin is about to reach ATH and reaccumulating when the Bear market is at its bottom getting more Bitcoin than the how much he sold when it was on its ATH.  This way the trader is able to get money and at the same time accumulate more Bitcoin than his previous holdings.

[Kelvinid]

It makes sense if you look at the conditions you described for your country to move because this can also be one of the security and comfort for you but in this case you have to pay attention to something else because what I often read and what I know so far, your country is still not too friendly to bitcoin so in this case of course you have to be more careful because it could be that what you do violates the rules of the government so you don't get another loss from this even though there are several other friends from the same country as you also still in bitcoin on this forum.
Being in bitcoin still has risks but when looking at the conditions of the current economic chaos the best way to move is the right choice.

We have to think about the safety of our investment and on his part, it is something he needs to look at because his leaving in a country where the government has no support for crypto. If I have a plan to invest in Bitcoin it should be minimal considering that it was not totally legal. It is better to use it in running a business where at least we can assure that the government won't touch and questioned it. It was the legality of Bitcoin is the main concern and we can't afford to risk any as we are not sure that someday the government will seize it or ban Bitcoin.

[jeraldskie11]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

I understand why people are investing their money in the bank because it's the safest way to do with the money they have. It's dangerous to carry money or put money in your house, so it's practical to save it in the bank. Those people who do not know Bitcoin will say that it's scam and not secured. Actually, investing in Bitcoin is very safe especially if you put the private key in the safe place. No one can stole Bitcoin from you as long as no one knows the private key. We don't have to afraid in the volatility because this is the reason why we have a chance to make our investment double in just a short period of time. So I suggest you to invest in Bitcoin but the decision is yours.

[Popkon6]

I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.

Since you've been waiting for four years, I'm prioritizing your opinion right now. You can safely invest in Bitcoin because Bitcoin is most profitable. And less risky than fiat money because the government is very vulnerable due to your lack of domestic financing which can take money from the bank at any time. So at the best time you have made the right decision so definitely follow this decision which will double your money in next two years. Thousands of people like you have invested in Bitcoin so it makes less sense and the benefits are double.

[ChiBitCTy]

What is DPS?

PLEASE DON'T TAKE ADVICE FROM RANDOM PEOPLE ON THE INTERNET

I keep seeing posts like this and it scares the hell out of me, because the amount of idiotic shit I see people say as "advice", is overwhelming.  You need to meet with a financial advisor, someone who's licensed and credentialed, and someone who can provide help in what sounds like a tough situation. 

As I have many time before, I'll open my DM's to help you with your financial plan if you'd like.  I'm a long time advisor, who's fully licensed across the board.  I'm happy to help.

[Razmirraz]

Saving money in Bitcoin is the right choice in the midst of uncertain economic conditions, immediately withdraw all your money in the bank and then convert it into Bitcoin. You can control your assets every day without having to use bank services, besides that your assets will be safer than you entrusting the bank which often goes bankrupt.
They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.