I'm 25, I have a full-time job and sometimes I freelance. I'm thinking about making a small investment (£25) into bitcoins on monthly basis. Additionally, I want to invest the money I get from the freelance into it as well, but it's not very stable income, so I mainly want to focus on small monthly investments.
- Can anyone consider this idea as a good one?
- What are the possible cons of this idea except losing all money?
This is a good idea and I don't see any bad other than what you already stated IE losing all your money. You have to gauge whether it's worth the risk to you and the phrase "don't invest more than you can afford to lose" applies to not just bitcoin but all investments. If you're comfortable with £25 loss per week then go for it. You'd probably spend that at the Cinema and a few drinks and popcorn these days so it's not much to lose. If you're wondering whether it's worth it just think what would have happened had you invested £25 a week since a few years ago. You'd be pretty well off by now.