I live in Nigerian and since our presidential election,the our local fiat became scarce due to change in the newly redesign of the currency which makes it difficult for most people here to get physical cash for business and daily transactions because the banking system is overloaded with too many internet transactions making it hard for me to access my cash. So now I want to convert my whole cash in my bank account to bitcoin but dont know if is a good idea for me or not. I know in crypto world, it will be easy to access my money but the issue is, will my money be same value when I invest all of it in bitcoin .
Before you do this conversion please get this clear, if you only want to convert your money into crypto due to the stated reasons and you are afraid of having your money go down in value, please don't convert into Bitcoin there are stable coin out there like USDT , USDC etc to do that, but if base on this your experience and this reason you want to invest the money into Bitcoin in order to have full control of your funds be rest assured that Bitcoin is volatile and sometime you either have your funds decrease or increase in value as a result of supply and demand in the price. In the overall idea Bitcoin only rewards patient investors and not fearful investors due to its Volatility.