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?
Why are you suggesting him that? It's such a bad idea; he will LOSE a bunch of money on fees. Plus BTC is high now.
I feel like this is a silly comment. If you are worried about losing money in fees you probably shouldnt buy or use BTC ever. It has never really been cheap, if your thinking in BTC terms.
Hes a new guy, let him invest how he pleases. You worried about fees? Go to LTC or something. If you want BTC, buying in small amounts over time is the best option. Especially because of it being high right now. This doesnt really show signs of stopping mate. Get over it.