Topic: Bitcoin is my Bank - page 4. (Read 1098 times)
It is good story to see that your savings are being spent on good investment. Like those who invest in gold, or those who invest in stocks, and also those who are putting their money on a profitable business. Be careful with your investments and do everything to get good mentors who can guide you to become a good investor and be able to earn more. Always get all your information from best users here and best wishes to your endeavors.
Always remember that, second lock-down is coming so banks will lock too and bank may fail you. kindly use trading in bitcoin so that it will yield more than you saving in bank. Bank may apply different charges so be wise.
Thinking and doing some alternative way in order to survive in this time of pandemic is a wise choice to continue living. It is better to remain productive than being stagnant and just waiting for a help to anyone. Investing all your money in bitcoin is too risky since this cryptocurrency is also too volatile. This is not the same as gold and fiat money which are already has a strong foundation of not going down. I suggest to use trading in bircoin in earning money but do not use bitcoin as your bank because you might lose it all at some point without knowing.
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
I'm surprised that people aren't telling you the truth about holding bitcoin, you are supposed to invest with some amount of money you can afford to lose, it's still a big risk investing in Bitcoin, another good reason is if you need some money in future and it's a must to sell part of Bitcoin you may sell for loss because bitcoin might be down in value at that time, it's price will not always be up Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
I have heard an old famous quote that don't invest something more than you can afford especially when the security is so risky. Everyone knows bitcoin has a great future but the volatility that Bitcoin has is also something you should consider. It can get back to $5000 in a month or two and return back to $25000 in 6 months again. If you are so heavily dependent on bitcoin to support you family needs it might make you look a clown when you have to withdraw some money at $5000 for supporting your family. It's always better to keep atleast some amount of money as a buffer in your account. may be a couple of months expenses or may be a 3 month expenses. But surely going all crypto isn't really a good idea if you have a family to feed. Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
As much as bitcoin have quite a lot of advantages over the traditional banks, I believe it is still necessary, in this case, to open an account with a bank and keep some of your profits there.
Just like you said, investing in bitcoin is risky and all speculations or predictions of the future are not 100% accurate so it is advisable you keep some in the bank. At least, that's some security against risk of losing all
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Security wise I would still prefer going and opening an account on bank since you're talking about the risk it may befall. I would not want my earning go to naught just for gambling it on high risk with possible high ROI. Unless you are determined that you can have a future with bitcoins then it would be wise for you to take bitcoin as an alternative bank in the future.
I wish I could go totally bankless, yet for the time being, a portion of my bills must be paid through a bank, or at a mailing station with money, which might be inconvenient now and again since it's 5km from my home. In spite of that, I have in any event 200x more cash in Bitcoin than I have in the bank. The bank is there just as a reinforcement for things I can't accept with Bitcoin.
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Trading and investing are both two different things, since you've find your way around crypto trading why can't you focus more on that for now? And invest some money on bitcoin later? As you can see bitcoin price is surging, jumping in right now isn't as safe as when it was way down under 10,000$, it's better to keep trading Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
you expect that yout going to profit in a bank and that was your reason of opening an account ?
banks are for saving and if we want to earn, bitcoin is the way to go .
im already here in btc but if im earning huge chunks of btc i think i will still prefer to open up a bank acount and store some of my money in it for future use because that is more secure and stable but thats my plans for now and im not encouraging you guys to do the same and im not promoting banks , disclaimer .
banks are for saving and if we want to earn, bitcoin is the way to go .
im already here in btc but if im earning huge chunks of btc i think i will still prefer to open up a bank acount and store some of my money in it for future use because that is more secure and stable but thats my plans for now and im not encouraging you guys to do the same and im not promoting banks , disclaimer .
Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
That is just great to hear. Piece of advice, don't entirely depend or rely on the profits that you are getting from trading or investing. Bitcoin will not always go up as it will also go down at certain times. You should really adapt to what is happening and start finding a new job that would give you a stable salary to support your family. You could still put your money into crypto currencies as long as you can afford to lose it.
Its a smart decision. If you are able to take right decision in the right time then you must get success. But now the question is how can i know which time is right or wrong. Now this is the best point for us.
You have to remember right time dosen't comes to us we all time stay in trouble for some time that means this is the time to use your smartness. We don't get right time to take right decision we Just get time and we have to take a time to make it right. Yes, we have make our time right by taking decision.
What you have done in your life. You make the time right you didn't wait for right time.
You have to remember right time dosen't comes to us we all time stay in trouble for some time that means this is the time to use your smartness. We don't get right time to take right decision we Just get time and we have to take a time to make it right. Yes, we have make our time right by taking decision.
What you have done in your life. You make the time right you didn't wait for right time.
I also see bitcoin as my bank. As an opportunity to save money and make a profit. So i don't need traditional banks.
What is the need of opening an account without fund to keep inside. Take your time to investing more time will come when naturally you will not ask anybody before you open the account you talked about
Choosing to invest in Bitcoins in the midst of Pandemic is really a difficult and much risky decision you had ever made. However, I really commend you for being so brave to take the risk, and glad to know that the outcome is great on you and your family. Indeed, it is really inspiring and gives me more courage as well to do the same. Wishing you more profitable days as time goes on.
Its true his too brave to accept the risk that possibility that bitcoin drops, even in this kind of situation when we needed money the most investing your money into bitcoin is really a big sacrifice since you don't have any assurance whether bitcoin price suddenly drop nor stable. I can't even think that his going to made a big profit by doing holding bitcoin maybe yes when the price of bitcoin price increases. But when his not going to trade it maybe his going to regret it soon.
Wow, good idea there buddy. In my opinion bitcoin could really be a bank and you have full control over your funds. The only thing that make it going to be at disadvantage if you are saving is the volatility of the bitcoin market. If you have to save money while bitcoin at low price that would be good but if you to save now then at the current price which is more than 21K$ then you will going to experience loses first especially when bitcoin market falls down.
Due to the covid 19 pandemic, I lost my job and my bank account was closed because I withdrew all my remaining balance to buy our necessities, at that time I was looking for another alternative to lost job in order to support my family's needs . Until I start trading bitcoin with small capital and thanks God because with the help of cryptocurrency we can continue to survive from the difficult time of pandemic.
Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Bitcoin has indeed a bright future however, you don't need to rely upon it too much it is still better for you to have a job. Take Bitcoin investment as an alternative way of earning because Bitcoin does not always work on our side. I mean there are times that Bitcoin could be profitable like now but what if the bear trend takes over what will be your income now? I'm glad that Bitcoin helps you with your financial problems, in fact, it does also the same for me. In terms of holding your funds, I think bitcoin could be a great place due to the fact that it will grow over time drastically unlike what banks can provide however, bear in mind that the risk would be higher. Now I have accumulated a small amount to be able to reopen a bank account but I think that instead of opening a new bank account, it is be better to just buy and invest in bitcoin so that I can expect more profit than the traditional bank.
I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
Investing in bitcoin is really good and your money will grow but you will need to secure also your future and banks will help you by saving money so instead of having bitcoin only it's better to have both banks and investing to the bitcoin. Once you earn in investing to the bitcoin will you put the profit to the bank. Because bitcoin is risky investment but will give you a good profit but it can cause also your money to lose.
You have provided a great suggestion.I really like it .You can earn a lot from bitcoin as the market is high volatile you can put your profit the to the bank .You have two option then and become so secured better than bank .On the hand you always have a chance to lose a huge amount on crypto like you can get a good profit though .So do your plan wisely .
Many investors who already started before but look at bitcoin right now, it is really profitable for them.
That's a good choice because seizing the opportunity to invest in bitcoin is the best decision in your life.
If you trust bitcoin with your whole heart and you studied how it works in the market then you just need to wait for you turn. This time, many people are celebrating because bitcoin made another history and it has a new milestone which is to reach $25000. There are a lot of things that can happen here in cryptocurrency world.
That's a good choice because seizing the opportunity to invest in bitcoin is the best decision in your life.
If you trust bitcoin with your whole heart and you studied how it works in the market then you just need to wait for you turn. This time, many people are celebrating because bitcoin made another history and it has a new milestone which is to reach $25000. There are a lot of things that can happen here in cryptocurrency world.
Many people treat bitcoin like a bitcoin and yes it is gives you a lot of money if you investing to the bitcoin compared if they their money to the bank so people are choosing investing to this because the bank will help you only to save it not to grow it and the only getting profit from your own money is the bank not you while if you trust the bitcoim it will gives you an opportunity to earn money but it the end we are still banks because what ever happens they will help us to save our money to secure our future they have different purposes the money that you earn from bitcoin must be save in the bank because also bitcoin is risky too that makes your money to lose.
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