In the long run, investing in bitcoin will definitely not disappoint you because the value of bitcoin still has a chance to increase. But I want to ask, if you don't have any savings in the bank, how will you deal with an emergency? For example, you bought bitcoin for $73k and now bitcoin is trading at $65k, do you sell bitcoin and accept the loss? And according to you, in just 2 weeks bitcoin has lost more than 10% of its value, so compared to monetary inflation, which will cause greater damage in the short term? Not having savings is really something that needs to be reconsidered because bitcoin doesn't always increase in price to get you more money.
I have never kept money in the bank, I do not want to keep money in the bank in the future. I have exta fund for emergency needs, I rear cattle at home. I have invested in Bitcoin for long term, short term investment has less chance of profit. We live in joint family, my family father brothers earn, we help each other in urgent need. So there will be no need to sell bitcoins for urgent needs.
wow that's nice to hear, it's right that we only use the bank to save emergency funds but if you want to earn money from the money you save, try to diversify the amount that you have, it's necessary that what we save in the bank is only for emergency purposes because we know that the interest amount we get there is very small, it is good to use it especially now that most of the shops or services we go to are pure cashless payment. As for profit, having an investment is the key but we should know where we are putting our money and we need to think carefully before doing it, We also cannot invest all our money in crypto, we need other types of an investment that you can put your money into, like real estates and golds, not just in crypto.