I trust BTC more than I trust my bank

[Donneski]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Judging by the context of your submission, e dey very clear say your friend really like you and wants the best for you, na why him dey try tell you to dey careful so you no go lose your money for where you dey invest am on Bitcoin and another thing I've found out from wetin you write be say your friend no get as much knowledge about Bitcoin like you do.

 I love your belief for Bitcoin matter and how you carry am for head like say tomorrow no dey sotey you come trust am pass your bank but I go also advise you to teach that your friend about Bitcoin so him go fit understand why you trust Bitcoin pass your bank. My wish for you na make the plans wey make you dey invest in Bitcoin come to pass at the end.

[Adams0001]

Since nah Watin you believe on you they invest you money on, then you no get problem as long as nah your own money no be another person own and you no borrow am you get the right to carry am do anything way you wan do, but just also know say even as bitcoin they add value sometimes they increase for price you fit still need to make use of your money today make the price don drop way go make you sell below where you buy am I also hope say you they aware of that one.

Anyone can have what he believes in this life, if someone says he believes bitcoin more than a bank, that is fine. Because anyone will do whatever brings them profits. And everyone understands that bitcoin is a great investment that will pay off in the long run. So, from what I understand, Op prefers to keep his money in cryptocurrency rather than in a bank. Because he sees that if he leaves his money on the bank, he will not see any profits, and later they may charge him for maintenance, thus it is recommended for him to invest the funds in crypto, so that he can receive enormous profit when the market go well. But if you said you will be keeping your funds on bitcoin anytime you have money, he will affect you when you try to touch it when the price as not raise, because bitcoin is volatile and he can increase and decrease anytime.

So the best thing you can do in my opinion, when you have money, you can share it into two and put 50% in bitcoin investment and the other 50% in your bank so that you can use the one in your bank to solve your daily needs and leave the one in bitcoin to be increased for long term and get huge profit, but if you will say you will invest all your funds in bitcoin, he will definitely affect you because bitcoin is not like other coins that pump once, he takes a long period before he increase, so think wisely and took management process so that you won't fail.

[GIF-JOBS]

It's better to invest your money on something profitable in long term like Bitcoin than leave it in the hand of the banks who claim to help safe guard your funds but behind our back, they loan our people's savings and earn interest on them. The financial system is corrupt and this has been existing for centuries world wide. Bitcoin and cryptocurrency is the future finance system anyone can choose to be smart and become his own bank or remain dump and leave all his funds in the bank

I agree with you, in fact there are many who think that if he keeps money in a bank, then the officials of that bank keep his money in the bank's secure locker, but in fact they never do this, rather they lend all the money you and we have deposited to the people.
In short, as safe as you think by keeping your money in a bank, in fact your money is not as safe as it is. Banks collect deposits from the general public, lend out that money and earn huge profits through interest. But many times banks give very risky loans and at some point when the banks cannot withdraw the money they have lent, there is a possibility that the banks will go bankrupt.

That is, you keep money in a bank, the banks will use your money as they wish, and at some point they may go bankrupt, and then you will never get your money back. And to understand this issue, we need to research the incident of 2008, where at that time several big banks in history went bankrupt, and during the global financial crisis of 2008, many big banks collapsed.

That's why I never keep money in the bank. For long-term storage, you can definitely keep money in Bitcoin. Here you have complete control over your money, and at present, crypto and Bitcoin are creating a very strong position worldwide, where many governments are also making Bitcoin a part of the economy. And this can be understood very well if you look at Donald Trump and President of El Salvador Nayib Bukele, they have given a lot of importance to crypto and Bitcoin.
So it is certain that crypto and Bitcoin will go far in the future, so there is nothing to be afraid of if you keep your money in Bitcoin. Rather, by keeping your Bitcoin in a secure wallet, and keeping the wallet keys completely secret and safe, your assets will be the safest.

[obuoma]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.         

I don't think your approach to this bitcoin investment is good enough. In as much you are accumulating bitcoin does not mean you should invest almost all your income in bitcoin. Is wise to always set outside some funds for basic needs and emergency if possible invest what you can afford to loss. Is not too good to only focus on the positive part of this investment  also consider the negative part of it if everything goes wrong so that you will not have high blood pressure just like your friend said.

[Gost ms]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make

I do not agree with your friend's opinion. Because

Before investing in Bitcoin or digital currency, you need to create an emergency fund. Because when you invest, if you need some amount of money, then you can take it from the emergency fund. So that your invested money does not have to go up, always try to invest for a long term, such as 8 to 10 years, you do not have to touch your invested money, so you need to create an emergency fund. And invest such an amount of money that you invest the money that is left after meeting all your financial needs so that even if you lose your invested money, you do not have any financial difficulties.

[DubemIfedigbo001]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

You dey try as you be newbie here, come take BTC serious as your story show, na better thing to believe in Bitcoin and e still make sense say you no just dey procrastinate, but you use action follow up your belief. I go still like reason you say make you no invest more than you fit loose inside BTC. As your friend don dey advise you say you fit get high BP for the matter, e show say you fit dey over aggressive for your investment. BTC na money wey remain after you don take care of all your expenses naim you go carry part of am take buy BTC, come keep some part way you go use hold body in case of emergency and other things wey fit sup for you while you dey invest for BTC with long-term plan.

BTC get em own use, Bank get em own. All of them dey serve different purpose. BTC na for investment purpose make you take secure your financial future, but money wey you dey take do small expenses for your life, e no dey advisable to put am for BTC, those ones go dey Bank as em dey easier to transfer am from bank and if you don rush go put am for BTC, you fit need am when BTC price dey down and you go sell with loss.

So if na for investment opportunity, you fit trust BTC pass your bank, but if na money you go need for short while, then you go trust your bank pass BTC.

[Mehmet69]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Of course I think it's better to deposit money in Bitcoin than in the bank. Keeping money in the bank is not always safe. Banks deposit our money to common people. Later they take back your deposit with interest. In such a situation your money is at risk.  Banks often go bankrupt without getting back the money deposited. But on the other hand if you invest in Bitcoin for free, the amount of money you invest at risk due to the volatile Bitcoin market will benefit you in the long run. So in my opinion it is better to save money in Bitcoin instead of keeping money in bank.

[Onyeeze]

No trust bitcoin pass your bank because bitcoin is digital currency that they never approve as a worldwide currency, you may weak up one day the price diminished and nothing you go fit do, and nobody you go fit hold responsible,

If you dey invest on Bitcoin, try to dey apply sense, because bitcoin can die any day and anytime, and why bitcoin come dey get recommendation is because Donald Trump wey enter seat, before plenty people dey fear bitcoin and people dey see bitcoin as a scam but now bitcoin people don dey value bitcoin well we'll

Traditional currency remain the main currency which is centralized currency, anything you are doing you need to have that currency like much, at least Traditional currency supposed to dey for your bank account, because people no put hope for investment, as be like this now, I dey see say you dey put hope well well for bitcoin investment and you come dey devalue Traditional currency.

[AmaGold70]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Be calming down about the high level of trust wey you get for this digital currency, BTC dey legit no be lie but e never reach you to carry almost all your income put for Bitcoin investment because anything fit happen, what if you come wake up one day come see say everything don disappear without a trace? Like you enter the market now and everything dey void like crypto currency never happened, how you go take recover all your income wey you don put already. Try dey think more of the "what if" because the founder of this digital currency fit don put auto shutdown mode wey we no know, Hahahaha. Personally I trust BTC but e no mean say I no trust bank too. I trust them both.

[nelson4lov]

Be calming down about the high level of trust wey you get for this digital currency, BTC dey legit no be lie but e never reach you to carry almost all your income put for Bitcoin investment because anything fit happen, what if you come wake up one day come see say everything don disappear without a trace? Like you enter the market now and everything dey void like crypto currency never happened, how you go take recover all your income wey you don put already. Try dey think more of the "what if" because the founder of this digital currency fit don put auto shutdown mode wey we no know, Hahahaha. Personally I trust BTC but e no mean say I no trust bank too. I trust them both.

The same way cash in your bank fit disappear even though you no authorize am? Banks sef fit close down without paying customers their balance. At least with Bitcoin, everything is fully transparent.

For instance, E just dey as HyperLiquid (a Perp DEX) recently dey face challenges with liquidations and margin. Now, everyone is seeing everything that the attacker is doing because everything dey onchain. Not on CEX that everything is hidden and you no know if the CEX (or bank in this case) is solvent. E dey like schrodinger's cat. You also have to "trust" your bank too. If you're going to trust anything why not a transparent blockchain technology where everything is provable?

[nelson4lov]

Be calming down about the high level of trust wey you get for this digital currency, BTC dey legit no be lie but e never reach you to carry almost all your income put for Bitcoin investment because anything fit happen, what if you come wake up one day come see say everything don disappear without a trace? Like you enter the market now and everything dey void like crypto currency never happened, how you go take recover all your income wey you don put already. Try dey think more of the "what if" because the founder of this digital currency fit don put auto shutdown mode wey we no know, Hahahaha. Personally I trust BTC but e no mean say I no trust bank too. I trust them both.

The same way cash in your bank fit disappear even though you no authorize am? Banks sef fit close down without paying customers their balance. At least with Bitcoin, everything is fully transparent.

For instance, E just dey as HyperLiquid (a Perp DEX) recently dey face challenges with liquidations and margin. Now, everyone is seeing everything that the attacker is doing because everything dey onchain. Not on CEX that everything is hidden and you no know if the CEX (or bank in this case) is solvent. E dey like schrodinger's cat. You also have to "trust" your bank too. If you're going to trust anything why not a transparent blockchain technology where everything is provable?

[Makus]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Everybody with their own mindset. You no go fit expect your friend to dey think 100% like you. Though na one or two similarities na make una turn friends but that on no mean say una go come get exactly thesame goal. But based on the fact say the guy na your friend the best tin na to just sit am down one day make you still educate am about bitcoin, but make you no forget about the risks part oo because many people go one introduce bitcoin to newbies then dem go come explain only the sweet side, and when the trainer don start to dey see the dump and other kinds of tins wey no dey In alignment to watin dem here dem go come panic and from there them go sell their coin lass las den go come run at loss.

[Juicyhome]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Everybody with their own mindset. You no go fit expect your friend to dey think 100% like you. Though na one or two similarities na make una turn friends but that on no mean say una go come get exactly thesame goal. But based on the fact say the guy na your friend the best tin na to just sit am down one day make you still educate am about bitcoin, but make you no forget about the risks part oo because many people go one introduce bitcoin to newbies then dem go come explain only the sweet side, and when the trainer don start to dey see the dump and other kinds of tins wey no dey In alignment to watin dem here dem go come panic and from there them go sell their coin lass las den go come run at loss.

For him friend to talk like that, its that his not seeing the evidence in him. like i always tell my friends Bitcoin is optional, if you like you invest if you like do not invest in it, tomorrow will tell who's right or wrong. no need to to argue about Bitcoin with your friends. those that want to invest tell them all you know about Bitcoin and do not force them to invest. Some of our friends still trust their local bank then bitcoin, allow them to be. But we all know who gonna gain more profit in the future.

The truth is that, its nice when you have friends who do same business with you, or invest in same with you, the conversation and positivity mindset will help the relationship to grow, but one you have a friend that doesn't believe in bitcoin, he will bring a negative news and vibes that can trigger fear and panic on your investment, so when choosing a friend choose who share same ideas with you. Not one that will discourage you all the time, this kind of friend can drag you backward.

[Salahmu]

The same way cash in your bank fit disappear even though you no authorize am? Banks sef fit close down without paying customers their balance. At least with Bitcoin, everything is fully transparent.

I usually think that if Bank closed down all the money people has putting there will be gone but from some persons is refundable that if anything happen to the bank they would look for a way to settle everybody, and I believe that is true because if is not and people learnt that banks are not entitled for repayments they would have withdrawn there money to some other things because banks may decide to come up anything anytime in terms of theft, though I'm not comparing it with the transparency of Bitcoin but I'm clearing the fact that Banks may not disappear with anybody's money like that. As we they see Bitcoin than bank na so many people they cover there mouth from shouting when them see people on Bitcoin because them think say na the riskiest but as we sabi pass them for Bitcoin we no say na just talk of people way they ignorant.

[Mehmet69]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

There are many differences between banks and bitcoin. You say that you trust btc more than banks. I completely agree with you. You can keep your fiat currency in the bank, but btc is a digital money system. The advantage of btc's volatility market is that if you invest money, if you are lucky, you can make money in a short time. But remember that btc benefits investors in the long term.

[Zanab247]

I hope u no say na good advise your sister give u, by telling u not to invest all your money in BTC because BTC is different from other traditional money. Even in this forum wey we dey spread the information about BTC, people will not tell u to invest all your money in BTC because dey no say anything can happen that will make BTC price to remain low and if u don't have the mind of hodling BTC for long years u will feel the price will not go to rise again.

For u to sound like this, show say u don see positive results from BTC than your bank that makes u to come out boldly to talk how u trust BTC, I will advise u to buy BTC when the bear run occur because the next bull run will be higher than what we see early this year.

[icebar]

Bitcoin can be trusted, but you should not invest money that you are not prepared to lose. When investing, it should be remembered that it is a good investment platform for long-term investors. But for those who want to profit quickly, investing in Bitcoin can cause more losses.

Everyone can express their opinion. Some people want to focus on the positives of Bitcoin, while others prioritize the negatives. Those who have acquired a good Knowlege about Bitcoin will never make negative comments about Bitcoin but rather prefer to focus on how they can improve their holdings and build a larger Bitcoin portfolio.

While there are some technical difficulties in the traditional banking system, one can offer a good solution to those problems with Bitcoin. I don't want to call the bank bad or against it. But humans have made great strides in technology, and this development will continue in the future. People will also accept the treatment if they see great benefits from using anything. Those who hold Bitcoin will get an instant Banking facilities and will certainly have a chance to make good profit if they can hold it.

[Scarlett_23]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Every person has different beliefs and preferences. Very few people in the world know about BTC and most people believe in the old banking system. You know about BTC, so Bitcoin is much more reasonable to you than the banking system.

But for those who do not know about BTC, banks are more important. It is good to know that you are very confident in investing in BTC. But although some countries in the world have recognized Bitcoin, most countries in the world have not yet recognized Bitcoin, so it is not certain whether it will become a common and legal currency in all countries in the world.

Bitcoin is a volatile digital currency. It fluctuates very frequently in the market. If you think that by investing here you will accept its ups and downs, then you can easily survive here.

[Agbamoni]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

E no sha bad to trust BTC like that, based on the coin's history its the only trustworthy source of investment, so if part of your income is on BTC its safe, but make u sha still de alert and active anything go fit still happen as they say " nobody knows tomorrow"
nevertheless, some Nigeria banks are still ok, I personally will certainly trust keeping my funds in my bank but not more than saving it in BTC, but either way both of them are still ok sha depening on wetin u wan use the money do, still remember sa watin you get for your home na him you suppose prioritize first before outside. As you get bank for here find sharp bank save your money except sa na investment you wan do then u fit no fear put for BTC.

[Gost ms]

My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

You should never tell anyone to invest in Bitcoin. Because the Bitcoin market is unstable and you never know when it will happen. If the market price drops a lot after investing, you will be blamed. You can give him basic knowledge about Bitcoin. And can you enlighten him about what Bitcoin is and how it works? When he understands, he will express his desire to invest on his own.

Of course I think it's better to deposit money in Bitcoin than in the bank. Keeping money in the bank is not always safe. Banks deposit our money to common people. Later they take back your deposit with interest. In such a situation your money is at risk.  Banks often go bankrupt without getting back the money deposited. But on the other hand if you invest in Bitcoin for free, the amount of money you invest at risk due to the volatile Bitcoin market will benefit you in the long run. So in my opinion it is better to save money in Bitcoin instead of keeping money in bank.

First of all, one thing to remember is that Bitcoin is a volatile currency. Whether you invest short-term or long-term, there will be risks. Assuming the market demand for Bitcoin, it can be said that the market price of Bitcoin may increase in the future. The risk in long-term investment is much lower than in short-term investment.