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
Your decision to invest in Bitcoin in right because in current times of inflation the only savior is Bitcoin and the ones who invest in it could get better returns in 2024-2025 from that investment. I recommend you to invest in Bitcoin at $29k to $30k range because I believe that Bitcoin will go higher in price after some days and that's why it's better to invest in it at those ranges.
If your intention is more about trading rather than investing then I recommend you to learn about trading and the crypto market first, and when you have learnt a lot about the market then you should start Bitcoin trading. I also recommend you to choose a better and trusted platform for trading because most of the platforms aren't trust worthy and that's why a top platform would be a better choice for anyone.
I recommend you to avoid depositing your money into any of those banks at all because if the economic condition of your country isn't well then the banks will also suffer from those circumstances. I think these kind of situations make us closer towards Bitcoin because the traditions fiat based currencies of many countries are getting highly affected by inflation. The Bitcoin was created to be independent from those banks and it works on its own and that's why it is a cure for inflation.