I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
Do not invest your entire savings in bitcoin. As you already know that Investing in bitcoin is also a risky endeavor cuz of its volatility especially if you're uncertain about its potential outcomes. Given the circumstances you've mentioned, where traditional banking may face challenges, diversifying your investments can be a prudent approach. I advice you take half and start up a small business over there (i.e if you currently have no job doing), study the market, look for what's trendy and start up in a small way. You can invest the other half in bitcoin and hodl while you hope for the best.