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.