Bitcoin is my Bank

[Nusrat]

Currently, the price of Bitcoin is the highest in the cryptocurrency market.  Bitcoin is more expensive than gold so investing in bitcoin is risky.  Investors have to take a lot of risks to invest in Bitcoin.  Because the price of bitcoin is much higher in a little market.  It cannot be said that in the future, if its price suddenly falls, investors will have to incur losses.  It is true that Bitcoin offers good profits despite having rickshaws to invest in.  If you know the cryptocurrency market well, you can benefit if you understand that the price of a coin will increase or decrease.

[Azharul]

Yes, ofcourse I thinks that it is the best openion for future digital crypto bitcoin. Because we can see that invest is the best way to earn in cryptocurrency world. Maney holders are hold there bitcoin to earn from cryptocurrency.We believed that gradually it's popularity will increase day by day.So I believed that in future bitcoin is my bank.

[Fenix]

With the current high price of bitcoin, I am unlikely to risk investing in it. In addition, investing your funds only in cryptocurrency is also not worth it. At any time the situation can change and this market can plunge into a state of minimum prices and stagnation for several years.
Investing now in ethereum, which is being renewed, or in other promising altcoins, might even be a better decision.

[gabbie2010]

The fact that Bitcoin can serve as a store of value makes it to serve as an alternative to banks, in matter of time from now bitcoin users will start using bank for only transaction of Fiat meant for purchasing stuffs and pay for services while the bulk of the fund will be held in the wallet rather than save in a bank as Fiat

[gurunanakji777]

Sorry to hear that you lost your job and you withdraw money because you have liabilities. I am happy with bitcoin trading you made some money and helping/running your family in this pandemic. No doubt bitcoin has a good future but I advise you to spare some money for family needs as well rest use to trade bitcoin or invest in bitcoin on the other hand you must aware of bitcoin is highly volatile so take the calculated risk.

[mlawson71]

What happens in a situation like the current one, when the Bitcoin price is dropping like a rock?

[Ghozrd]

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.

1. Bitcoin is not a bank or a place to store, Bitcoin is a crypto asset that has a value/price that is always changing.
2. You need a bank account to buy Bitcoin, Paypal also does the same, you will be asked to enter a list of debit/credit card numbers.
3. All investment decisions are yours, my advice is never to put all your money in crypto so that you don't lose when the price drops and you still have money for life's necessities.

[Rony]

The fact that Bitcoin can serve as a store of value makes it to serve as an alternative to banks, We believed that gradually it's popularity will increase day by day.So I believed that in future bitcoin is my bank.

[lepbagong]

The fact that Bitcoin can serve as a store of value makes it to serve as an alternative to banks, We believed that gradually it's popularity will increase day by day.So I believed that in future bitcoin is my bank.

of course if only as a person, you will declare bitcoin as a bank, of course you can't prohibit it, but if in general it is clear that bitcoin is very different from conventional banks that have existed so far.
it is true that the deposit method seems to be the same as a bank, but no one controls it and even if there is an increase and a decrease, it is not the same as a bank in general which is controlled and always increases, there is never a decrease.

When it comes to popularity, it is clear that bitcoin is very well known by many people, because it is very profitable to be used as a short-term and long-term investment. Bitcoin and conventional banks are clearly very different, let them stand alone and actually support each other to make it easier.

[mlawson71]

It makes exchanges into alternatives of banks, but can exchanges be trusted as much as a bank?

[Tubelight]

Many of us who are connected to cryptocurrencies consider Bitcoin as their own bank. However, cryptocurrency banks are different crypto wallets. Because we keep all our currencies in the crypto wallet as securely as the purchasing bank. Many people convert their currencies into bitcoin. Because Bitcoin is one of the most reliable cryptocurrency coins.  So people usually think of Bitcoin as their own bank.

[whyrqa]

Many of us who are connected to cryptocurrencies consider Bitcoin as their own bank. However, cryptocurrency banks are different crypto wallets. Because we keep all our currencies in the crypto wallet as securely as the purchasing bank. Many people convert their currencies into bitcoin. Because Bitcoin is one of the most reliable cryptocurrency coins.  So people usually think of Bitcoin as their own bank.

The fact is that a lot of projects are presented on the cryptocurrency market, which also act as payment systems and thus can be a place for saving, like ordinary banks. Nevertheless, Bitcoin today is still too volatile to talk about the stability and security of its assets. But if its capitalization increases many times, then Bitcoin will stabilize and the time will really come when it will become a real unsafe storage.

[ashraf786100]

Bitcoin is like a bank for me because I can do whatever I want here. You've prepared a very nice and informative post. I hope you enjoy sharing some of my favorite posts. There are so many types it's hard to say.

[Hasan986]

There will come a time when Bitcoin wallet will become everyone's e-bank. Its demand is increasing that amount. The demand of the bank will be very low at one time.  People will keep their money and give it to themselves. This will reduce the cost of people. Similarly, transactions can be done much faster.  This will complete the transaction with a small fee.

[Arkann]

There will come a time when Bitcoin wallet will become everyone's e-bank. Its demand is increasing that amount. The demand of the bank will be very low at one time.  People will keep their money and give it to themselves. This will reduce the cost of people. Similarly, transactions can be done much faster.  This will complete the transaction with a small fee.

The fact is that when using cryptocurrency, including Bitcoin, each user needs to take into account quite a lot of nuances and have certain knowledge, because not only paying for purchases, but also making transactions to transfer large funds may turn out to be unsuccessful or you may simply lose your assets. if you do not have enough knowledge.