Its good that OP has finally decided to invest in Bitcoin despite the fact that he knows about Bitcoin for a long time, "better late than never.". There are many people who knows about Bitcoin but feat to invest in Bitcoin because of different reasons. Overcoming your fear to invest in Bitcoin is biggest challenge in Bitcoin investment. The sooner you overcome your inner fear, better it is.


"Invest as much as you can afford to loose". 1800 USD is almost equal to 2 million Bangladeshi Taka which is quite a money. Since OP is investing for the first time, its better he invest only some part of it to get necessary experience and knowledge.

I think investing in bitcoin is more suitable than you collecting money for 5 years and if you look at it without interest, while inflation continues to increase. but before you invest in bitcoin, I think it is necessary to study it first, after that you can determine the feasibility of investing in bitcoin, don't just be tempted by other people's stories about bitcoin, but we ourselves must understand, before investing

He knows about bitcoin doesn't mean he understands all about it if he has never learned about bitcoin before, but when he was interested in it, and now he wants to invest. Like many people in the past, when they first heard about bitcoin, they ignored it, but after many times, they started to learn and invest in bitcoin.


Honestly, the recent collapse of US banks is worrisome for their economy, but that doesn't mean other countries' banks will collapse as well. I have not seen a bank in my country go bankrupt. We should invest in bitcoin for the profit and benefits it brings but also should not speak ill of banks, it also does not make bitcoin better. Banking will still be an integral part of our lives, and we will still use it in our lives, whether we like it or not.

I did a quick google search, and it seems like Bitcoin is considered illegal in your country.
Are you sure about your decision? Are you sure that you are willing to risk your life, your savings, and everything just because you want to invest into something that's considered illegal to your country?

I'm not encouraging you to invest into Bitcoin especially if it's banned. It would be better if you will just invest it into other assets like the Stock Market or Bonds if you want. Yes Bitcoin can give you higher profits in the long term, but the risk, the feeling of getting anxious, the feeling of always thinking "what if I will get caught that I have Bitcoins?". Those mixed feelings might affect your whole life. I know that the economic condition in your country seems bad because of several reasons, but it would be better if you will just spend that money, and go live outside your country if you really want to invest. If you believe that you can still get a job even you live outside Bangladesh then do it.

I just hope you a good health in the end.

Glad to hear you decided to save money in Bitcoin after going through a long process. If 5 years ago you had started saving money in Bitcoin instead of in a bank, I'm sure you would have gotten more profit after seeing the price now. The increasingly difficult economic conditions require you to be more careful in choosing a place to save your money, at this time a bank is definitely not the right place. Withdraw all the money in the bank and then start saving it in the form of Bitcoin, you must be sure of the potential stored behind Bitcoin. Banks may go bankrupt, but Bitcoin will grow in the future.

What do you mean by personal savings? I believe part of your savings is what you should use to invest in Bitcoin, not all your savings.

If this is what you do I hope you understand the risk, your personal savings can go way down like 30% and I do hope that won't make you get worried.

The best advice is invest what you can afford to lose, let's not pretend as if Bitcoin investment is risk-free, the risks are still here because Bitcoin is created in a way that the price can't ever be stable.

It's a good opportunity while the market price of Bitcoin still didn't skyrocket, there is still a lot of time before the bitcoin halving meaning you could still accumulate bitcoin for a good profit in the Bullrun. If you're going to check the history timeline of bitcoin every halving you could easily notice that the market price every time after the Bitcoin halving event always skyrockets. I mean you don't really need to invest a big amount of money when you're going to start if your dollar cost average to lower your risk of losing your money, 100$ or even lower might be a good amount for starting and then you could just accumulate just like saving your salary or your money but the only thing is your putting it on Bitcoin for a potential profit compared to saving that has a very low interest.

Start your journey since you already have a lot of knowledge of cryptocurrency you already know what you're going to do, also you have this forum that you easily help you if you encounter some problems.

Since you have decided to invest in Bitcoin, you should withdraw your DPS money very quickly and invest it in Bitcoin instead of depositing it in the bank. I am also a resident of Bangladesh and I am aware of the poor condition of the banking system in Bangladesh and any time your money may be declared bankrupt by the government. If you invest your $1800 in bitcoin and save it for five years in the future, I can say for sure that you will get your $1800 profit in about five days. But without further delay, you can contact the bank and withdraw your DPS money as soon as possible.

That's the negative side of saving your money. After years of saving, the real worth of your money is lesser due to inflation. Even the interest rates of the banks are just way too small to offset inflation, especially for a country that has a struggling economy and you just mentioned that Bangladesh is facing financial problems.

Just like you, I also wish I knew bitcoin as early as possible. But there is no such thing as late in bitcoin these days. We're still in a bearish market and we are expecting it to recover starting next year.

With the amount of $ 1800 in my opinion too small to be diversified, let alone divide it into 4 parts it will make the assets a little, for example as in Bitcoin, he will only save it $ 540, in my opinion it is too small in the investment scale. It is better for him to keep it all in Bitcoin by using a DCA strategy, for example 10% or $ 180 per month which in my opinion is safer and more likely to benefit, moreover we will see Bitcoin Halving, of course the potential is greater, after all it's a savings fund that he might not be too requires it for short -range needs except the situation it has the opposite.