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Author Topic: Bitcoin is my Bank  (Read 11675 times)

Offline BestEarningTips

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Bitcoin is my Bank
« on: December 22, 2020, 03:12:14 PM »
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.
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Bitcoin is my Bank
« on: December 22, 2020, 03:12:14 PM »

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Offline saprakib

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Re: Bitcoin is my Bank
« Reply #1 on: December 22, 2020, 03:55:53 PM »
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.
Yes you obviously has made the right decision that put your money on bitcoin .It is so sorrowful to lost the job but good news is that you have found the crypto world that's how you can survive your life with family .But you have to careful the platform is risky as well cause you were saying about trading .try to learn than gradually work into it .
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Offline Quantum X

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Re: Bitcoin is my Bank
« Reply #2 on: December 22, 2020, 04:53:30 PM »
Well, let us hope for the best mate. The good thing here is you put your money in bitcoin even though it is very risky yet safer than the others.

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Re: Bitcoin is my Bank
« Reply #3 on: December 22, 2020, 06:44:03 PM »
You made the right decision, because for the whole of 2020, bitcoin has grown very much in price and it was possible to make money on this, and in 2021 bitcoin will also grow, but it is possible that there will be a correction of the bitcoin price before the growth, so we will need to overcome this correction and then Bitcoin will start to rise again.
« Last Edit: December 22, 2020, 06:46:12 PM by trauchot »
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Offline numpadxx5

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Re: Bitcoin is my Bank
« Reply #4 on: December 22, 2020, 06:58:34 PM »
Agree it's very risky, it's advisable to just invest some of your money, don't but it all on crypto currency we never know what will happen.

Offline BestEarningTips

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Re: Bitcoin is my Bank
« Reply #5 on: December 22, 2020, 07:42:52 PM »
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.
Yes you obviously has made the right decision that put your money on bitcoin .It is so sorrowful to lost the job but good news is that you have found the crypto world that's how you can survive your life with family .But you have to careful the platform is risky as well cause you were saying about trading .try to learn than gradually work into it .
You are right bro this platform is risky. If you want to be successful in life So you have to risk.
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Offline Gurujebs

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Re: Bitcoin is my Bank
« Reply #6 on: December 22, 2020, 07:47:56 PM »
Bitcoin has been a life saver since the early 2010s, believe me it worth the time, effort and dedication. If you have waste your money in the bank without investing it in bitcoin, you would probably remain the same or probably be affected by our normal inflation, it's a wise move and great decision.

On a second view, instead of holding bitcoin at this huge price, why not sell and buy back when price tank. Remember you aren't holding for long term but average time frame to make some cool cash. This year may not work like next year.
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Re: Bitcoin is my Bank
« Reply #6 on: December 22, 2020, 07:47:56 PM »


Offline mlawson71

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Re: Bitcoin is my Bank
« Reply #7 on: December 22, 2020, 08:00:26 PM »
Personally, I'd advise to withdraw at least some of your profits and put them back in a bank. Bitcoin is great to trade, but the price is wildly volatile. Today it's over 23k, in a few days it may drop down to 7k.

Offline Bobcrypto

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Re: Bitcoin is my Bank
« Reply #8 on: December 22, 2020, 09:45:58 PM »
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.

Yes, your decision is OK. There are reasons to invest in crypto especially on the current economic situation threatening the  worldwide. I am one of the many guys that support this kind of investment decision because having your money in the bank will not yield a tangible income from January to December, but bitcoin has the potential yield better income within one year of investing/trading. Your decision is my ldea, and I'm goona invest more.

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Offline I-Bit

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Re: Bitcoin is my Bank
« Reply #9 on: December 22, 2020, 11:16:14 PM »
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 .
I'm curious in what country do you live? Why the bank account is closed if we withdraw all balances? In my country, I can still use the bank account or even the account is still opened even I always withdraw all my balance and not fill it again until 3-6 months.
Well, cryptocurrency really helps us because it is not influenced by this pandemic. I also fee very blessing because of this crypto my livfe is still going on better

Offline alltalk

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Re: Bitcoin is my Bank
« Reply #10 on: December 22, 2020, 11:57:03 PM »
Investing in Bitcoin is risky but we cannot deny the great profits that we can get from the investment. It is true that even if there is a high risk, the Bitcoin assets can result in big profits. That's why knowledge is very crucial and experienced very needed. Those very helpful for you in crypto business. It increases the chance to avoid scammers and improves the opportunity to know the potential profits.
« Last Edit: December 23, 2020, 12:28:08 AM by alltalk »
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Offline KKH84

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Re: Bitcoin is my Bank
« Reply #11 on: December 23, 2020, 03:16:35 AM »
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.
The decision will always be yours, my friend, but I think it is better if you take the benefits that you have earned and start to open a new business.  Indeed, in investing in bitcoin you can get rich quick, but the risk is also great.  May this pandemic end quickly.

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Re: Bitcoin is my Bank
« Reply #12 on: December 23, 2020, 05:40:18 AM »
Agree it's very risky, it's advisable to just invest some of your money, don't but it all on crypto currency we never know what will happen.

Crypto is volatile, not advisable to put all the money if we are not sure to win the flow. Big investors can go with the flow, but we small investors must do what is the accurate thing to happen to win the market as much as we can. Lost is not enjoyable but to win.

Offline Magepai

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Re: Bitcoin is my Bank
« Reply #13 on: December 23, 2020, 07:27:59 AM »
I think you made the right decision.This has not only happened to you, it has happened to many because of this epidemic coronavirus.Many of them were seen doing tuition or working and came back home from there. At that time they were worried about how to run their family. At that time it was seen that some people got into cryptocurrency and worked to support their families. And to grow in cryptocurrency, you have to take some risk.I think it is possible to make more profit from banks only in cryptocurrency.
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Re: Bitcoin is my Bank
« Reply #14 on: December 23, 2020, 01:50:54 PM »
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 .
I'm curious in what country do you live? Why the bank account is closed if we withdraw all balances? In my country, I can still use the bank account or even the account is still opened even I always withdraw all my balance and not fill it again until 3-6 months.
Well, cryptocurrency really helps us because it is not influenced by this pandemic. I also fee very blessing because of this crypto my livfe is still going on better
Same here though I am new to banking but it is working fine without any balance at all.

OP for me has chosen the right decission but he needs to diversify his investments. He should make something like a 60/40, 70/30 investment or he loses it all when the markets turns red. We all know that cryptocurrency like Bitcoin is volatile so we should take the risk into consideration.

 

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