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 the 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 a 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
Being able to save about $1800 for 5 years means you can survive without this money and is likely the money that you can afford to lose. Investing in Bitcoin is a good idea since your local fiat currency is going down in value due to inflation and Bitcoin is an inflation hedge. All I have to say is that investment in digital currency like Bitcoin is risky, and you should be aware of that, don't go all in, invest with good DCA, and be patient with your investment just as you did with the money in the Bank. 
Topic: My personal savings now I will invest in Bitcoin - page 2. (Read 818 times)
It is better to base on right decision at right time. Because now is the best time to invest in bitcoins since you are trying to buy bitcoins with your saved money the objective is successful.
I like to believe that there isn’t a right time to invest but obviously there we’ve got times that brings the lost benefits in the cryptospace. There are times that presents you with the most benefits if you’re able to hodl until it materializes. Unfortunately, the FUD that follows such peril times always seems over powering or convincing to most as a result, they fail to invest and that be a cause for regrets or Jen the market finally goes on a bullrun with price pump.For those that aren’t able to pitch there tent on a precise decision, using DCA happens to be one of the best means to have your thing going while you engage in other activities that would increase you and enrich your portfolio.
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.market is really that truly unpredictable and there's no way that we could be able to determine whether we do make profits or not on long term and also the profits you would made ever would be entirely
be depending on how much you had invested on the first place. If you have invested less then expect that you would get less or not with those huge multipliers in terms of gains but it doesnt mean that
you should be putting all of your savings on Bitcoin which i would say that it is really a risky move to be done because there's no assurance on this market on this regard.
Invest on what you can afford to lose as always because on the time that you would be experiencing failure then it wont hurt that much unlike if you do go all in then
you would definitely be that devastated if you have put it all which it isnt really that recommended in the first place.
Personally, has many advantage when saving fund invest in bitcoin than holding in the bank although as deposit fund because profitable earn under 5% each years based on in our Bank country. But difference profitable earn comparison when saving assets in bitcoin because one year later more than 30% until 50% depend investing in the right time.
I think OP have right decision by investing his personal saving fund to investing in Bitcoin, but you need back up fund when moment Bitcoin price as your assets going drop without have to sell all bitcoin assets and still have another saving for something urgent needed. Difference with OP have passive income from side job and investing saving fund in bitcoin will grow up one day later without have to sell when price down.
I think OP have right decision by investing his personal saving fund to investing in Bitcoin, but you need back up fund when moment Bitcoin price as your assets going drop without have to sell all bitcoin assets and still have another saving for something urgent needed. Difference with OP have passive income from side job and investing saving fund in bitcoin will grow up one day later without have to sell when price down.
It is better to base on right decision at right time. Because now is the best time to invest in bitcoins since you are trying to buy bitcoins with your saved money the objective is successful. Because at the beginning of this year, the price of Bitcoin was around 15.5k dollars, but currently the price of Bitcoin has exceeded 31 thousand dollars. So you can calculate yourself in the span of these few months it is never possible to get this benefit in double profit bank. So invest in Bitcoin fast and keep getting share of profit. @OP you have taken the right decision and very soon you buy bitcoins with your savings and hold long term.
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 $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
Do not invest your entire savings in bitcoin. As you already know that Investing in bitcoin is also a risky endeavor cuz of its volatility especially if you're uncertain about its potential outcomes. Given the circumstances you've mentioned, where traditional banking may face challenges, diversifying your investments can be a prudent approach. I advice you take half and start up a small business over there (i.e if you currently have no job doing), study the market, look for what's trendy and start up in a small way. You can invest the other half in bitcoin and hodl while you hope for the best. I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
Is 1800$ the only amount you have? Investing in bitcoin is a good investment, but investing all of our money in it is not a good idea as the future is unpredictable, so never put all your eggs in one basket. No matter how bad the crisis is, cash is always needed in all cases, so I advise you to have a reasonable allocation to avoid difficulties in life. You should only invest 50% of it in bitcoin, and the rest you should save in cash for everyday expenses and emergencies.
One of the most important things, your country is still banning bitcoin, so be careful with your bitcoin investment if you don't want more trouble.
I do not find any bad moves by @OP in thinking to invest his $1800 to bitcoin. It is from some earlier investment and I believe @OP have his own job to maintain his financial needs and at the same time save some cash money.
I am also against an all-in act in an investment because a person needs money to maintain the expenses for his basic needs. I also think that a person must also save some funds for emergency and unexpected events. But if a person have the luxury to invest huge money to Bitcoin without affecting the budget for his basic needs and emergency savings then I think there is no problem in investing to Bitcoin with the said huge amount.
To be honest using savings or savings to get a share of this Bitcoin investment is good, and actually choosing Bitcoin in a larger percentage when compared to saving elsewhere we think Bitcoin is far more prioritized.
And I will do the same with you when you have decent savings, even if not in too large a quantity, but in this case we are more likely to split in the sense of using part of it to become Bitcoin investment assets and half of it for fast-need deposits in the form of Fiat in the country Alone. and the situation of self-needs also need to be considered.
And I will do the same with you when you have decent savings, even if not in too large a quantity, but in this case we are more likely to split in the sense of using part of it to become Bitcoin investment assets and half of it for fast-need deposits in the form of Fiat in the country Alone. and the situation of self-needs also need to be considered.
Saving money in Bitcoin is the right choice in the midst of uncertain economic conditions, immediately withdraw all your money in the bank and then convert it into Bitcoin. You can control your assets every day without having to use bank services, besides that your assets will be safer than you entrusting the bank which often goes bankrupt.
They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
I've always believed in Bitcoin as "digital gold"! Bitcoin, like precious metals, may hedge economic uncertainty. This doesnt mean you should liquidate your bank accounts and buy Bitcoin. Thats like plunging straight into a pool without checking the water level - fun, but dangerous!They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
Bitcoin is promising yet volatile. If the market flips, its big rewards can turn bitter. Banks are regulated places to hold money, despite their untrustworthiness. I understand your concerns about bank transparency and the government's role, however holding all your assets in Bitcoin may expose you to a different risk.
I propose a cooperative strategy, a balanced portfolio comprising Bitcoin, traditional assets, and possibly some promising cryptocurrencies. Thus, we may enjoy Bitcoin without risking anything.
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 $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
You choice is good to invest own asset in Bitcoin.I understand Bangaladesh economy condition and Bangaladesh mainly bankr are rupt so this situation asset invest in bank is very risk.Bitcion is Decentralized and it profit hi very high as compare to bank . But my advice if you invest all asset in Bitcoin so you have make longterm investment from Which you can good profit .But bank invest and Bitcoin investment very different because bank pay a fixed profit and provide AP security own customer and Bitcoin investment is you mind gaming and your analysis form investment .so it can also be a risky.
Is 1800$ the only amount you have? Investing in bitcoin is a good investment, but investing all of our money in it is not a good idea as the future is unpredictable, so never put all your eggs in one basket. No matter how bad the crisis is, cash is always needed in all cases, so I advise you to have a reasonable allocation to avoid difficulties in life. You should only invest 50% of it in bitcoin, and the rest you should save in cash for everyday expenses and emergencies.
One of the most important things, your country is still banning bitcoin, so be careful with your bitcoin investment if you don't want more trouble.
In fact, this is a very small amount so that you can count on a good profit, but everyone invests as much as they can and how much they can. And you are right, it would be good to leave some kind of reserve from this amount, for unforeseen expenses, or perhaps even for everyday expenses, if these are all available funds.One of the most important things, your country is still banning bitcoin, so be careful with your bitcoin investment if you don't want more trouble.
To get a good result, you should also think about increasing your investment, because if you invest 1k in bitcoin and it grows to 100k, investments will bring only a few thousand, this can hardly be called a good result. Otherwise, the market is now entering a phase where we see good growth and there is a positive, perhaps a bull market is already beginning.
Saving money in Bitcoin is the right choice in the midst of uncertain economic conditions, immediately withdraw all your money in the bank and then convert it into Bitcoin. You can control your assets every day without having to use bank services, besides that your assets will be safer than you entrusting the bank which often goes bankrupt.
They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
Do you put all your savings in bitcoin? Have you ever thought about what happens when you put all your savings in bitcoin and bitcoin gets dumped? I don't think your advice is really wise. Bitcoin is very volatile and it is only suitable for investment, it is not suitable for saving money. They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
If your country's banks are no longer safe, you should keep cash, gold and bitcoin. I mean, you should diversify your assets, don't put all your eggs in one basket. Cash for everyday needs, savings for emergencies, and bitcoins to invest.
Saving money in Bitcoin is the right choice in the midst of uncertain economic conditions, immediately withdraw all your money in the bank and then convert it into Bitcoin. You can control your assets every day without having to use bank services, besides that your assets will be safer than you entrusting the bank which often goes bankrupt.
They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
They do not dare to publish what actually happened for fear that the level of public trust in the Bank will decrease, the situation that occurs cannot be separated from the role of the government behind it. Never hesitate to invest your money in Bitcoin, in the midst of an unstable economic condition like what is happening in your country, Bitcoin is the right solution for saving money.
What is DPS?
PLEASE DON'T TAKE ADVICE FROM RANDOM PEOPLE ON THE INTERNET
I keep seeing posts like this and it scares the hell out of me, because the amount of idiotic shit I see people say as "advice", is overwhelming. You need to meet with a financial advisor, someone who's licensed and credentialed, and someone who can provide help in what sounds like a tough situation.
As I have many time before, I'll open my DM's to help you with your financial plan if you'd like. I'm a long time advisor, who's fully licensed across the board. I'm happy to help.
PLEASE DON'T TAKE ADVICE FROM RANDOM PEOPLE ON THE INTERNET
I keep seeing posts like this and it scares the hell out of me, because the amount of idiotic shit I see people say as "advice", is overwhelming. You need to meet with a financial advisor, someone who's licensed and credentialed, and someone who can provide help in what sounds like a tough situation.
As I have many time before, I'll open my DM's to help you with your financial plan if you'd like. I'm a long time advisor, who's fully licensed across the board. I'm happy to help.
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
Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.
Since you've been waiting for four years, I'm prioritizing your opinion right now. You can safely invest in Bitcoin because Bitcoin is most profitable. And less risky than fiat money because the government is very vulnerable due to your lack of domestic financing which can take money from the bank at any time. So at the best time you have made the right decision so definitely follow this decision which will double your money in next two years. Thousands of people like you have invested in Bitcoin so it makes less sense and the benefits are double.
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
I understand why people are investing their money in the bank because it's the safest way to do with the money they have. It's dangerous to carry money or put money in your house, so it's practical to save it in the bank. Those people who do not know Bitcoin will say that it's scam and not secured. Actually, investing in Bitcoin is very safe especially if you put the private key in the safe place. No one can stole Bitcoin from you as long as no one knows the private key. We don't have to afraid in the volatility because this is the reason why we have a chance to make our investment double in just a short period of time. So I suggest you to invest in Bitcoin but the decision is yours. 
It makes sense if you look at the conditions you described for your country to move because this can also be one of the security and comfort for you but in this case you have to pay attention to something else because what I often read and what I know so far, your country is still not too friendly to bitcoin so in this case of course you have to be more careful because it could be that what you do violates the rules of the government so you don't get another loss from this even though there are several other friends from the same country as you also still in bitcoin on this forum.
Being in bitcoin still has risks but when looking at the conditions of the current economic chaos the best way to move is the right choice.
We have to think about the safety of our investment and on his part, it is something he needs to look at because his leaving in a country where the government has no support for crypto. If I have a plan to invest in Bitcoin it should be minimal considering that it was not totally legal. It is better to use it in running a business where at least we can assure that the government won't touch and questioned it. It was the legality of Bitcoin is the main concern and we can't afford to risk any as we are not sure that someday the government will seize it or ban Bitcoin. Being in bitcoin still has risks but when looking at the conditions of the current economic chaos the best way to move is the right choice.
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
It’s a good thing that you have high faith in bitcoin because that will somehow help you to seize every opportunity that comes, and stay fearless on taking some risk. However, investing all in may not still guarantee huge profits in the end. Instead, diversify your investment like try to invest in bitcoin, and then try your luck too in real estate or bonds. That is a good way to maintain yourself from profiting and to avoid yourself from losing a lot.I think even though one person has faith on his investment, he must learn about the investment thoroughly. This will strengthen the belief he has on his investment and can be able to decide when he can take profit and reinvest on it again. Like for example, Bitcoin being known to have a 4-year cycle can enable a trader to take advantage of the cycle and take profit every interval like selling when Bitcoin is about to reach ATH and reaccumulating when the Bear market is at its bottom getting more Bitcoin than the how much he sold when it was on its ATH. This way the trader is able to get money and at the same time accumulate more Bitcoin than his previous holdings.
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
It’s a good thing that you have high faith in bitcoin because that will somehow help you to seize every opportunity that comes, and stay fearless on taking some risk. However, investing all in may not still guarantee huge profits in the end. Instead, diversify your investment like try to invest in bitcoin, and then try your luck too in real estate or bonds. That is a good way to maintain yourself from profiting and to avoid yourself from losing a lot. 
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
The decision is all yours investing is your own decisions dont lean on to others because they will not suffer if your money is lost do your own research and be more careful because not all investors earn on investing,it is crypto everything here is very posible the price is always moving or unstable so decide by yourself for good. Jump to: