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.
As much as bitcoin have quite a lot of advantages over the traditional banks, I believe it is still necessary, in this case, to open an account with a bank and keep some of your profits there.
Just like you said, investing in bitcoin is risky and all speculations or predictions of the future are not 100% accurate so it is advisable you keep some in the bank. At least, that's some security against risk of losing all
Yes. I believe that bitcoin can also be our own bank but knowing how risky it is to invest all our funds into bitcoin without assurance that it will all make profits, makes me more fully decided that it's better that some of our profits should also be deposited in a traditional bank. Yes bitcoin has a bright future ahed that will make our own money to double or even triple the amount but it will also lose all our money in just a blink of an eye when the market suddenly crash.