Quote from: puloweh555 on July 21, 2023, 09:23:07 AM

Quote from: synchronym on July 09, 2023, 05:33:02 AM

I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion

Your desire to save in bitcoin rather than in a bank is correct and the strategy you have planned is wise enough to do DCA. Because saving money in the bank in the long term is the same as making yourself poor. the right thing is to turn your money into a slave and make your money work hard for you. don't be made a slave by the bank by saving money there.

Because saving money in the bank instead of our money is played by the bank and the bank is lucky but we don't get anything, it's better to invest money in Bitcoin which is profitable in the long term. But whatever it is, don't keep all your money in Bitcoin, you still have to have other savings for daily needs or urgent needs.

I think it's wiser to do what is considered the best, and I totally agree that currently investing in bitcoin is very profitable if you really want to compare it to interest from savings or bank deposits.In investing in bitcoin, it takes quite a long time to generate maximum profits, in contrast to banks, which can be obtained at any time. In bitcoin, you can also make short-term trades, but it requires expertise because if it's wrong, it can actually be detrimental.

Banks are still very much needed by many who want to be able to get convenience in making every transaction. It is not easy to eliminate the need for banking because traditional banking transactions are still needed. So I think there are still many who need and rely on banking, and it is not easy to change this habit.