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 .
You would still have to sell Bitcoin for your local currency to be able to make purchases daily. Bitcoin adoption is not advanced enough to enable one to survive entirely on bitcoin or any other alternative payment method.
Because literally in banking system for example, if you have $5000 that will be the value in 3 to 5 months and will add a little interest in it so my question is- I don't fully know how bitcoin works. Is it the same way with the banking system? Will I get more value or less value in future times?
Fiat suffers inflation and Bitcoin does not. If you are bothered about what asset would retain the value of your savings, Bitcoin is the obvious pick.
- Jay -