Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is my Bank
by
secretgirl
on 15/06/2021, 21:27:59 UTC
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.

yes, hopefully your decision is right. if I myself choose both, because in my opinion both have advantages and disadvantages. when you prefer to store bitcoin over fiat currency in a bank, I think that is also the right thought. bitcoins are limited in number, and that will keep the value of bitcoins going and may have a good future. but you also have to think about the extreme volatility of bitcoin which is very risky, whereas fiat money tends to be more stable. not a few people who experience losses with bitcoin, and maybe you are one of the many people who are lucky with bitcoin. I use bitcoin for profit, and I will save the income in the bank. if one day I experience a loss because the price of bitcoin falls, I still have money in the bank.