Quote from: stevesharpuk on February 12, 2022, 04:47:42 PM

Hi All,

I would just like to say thank you for all the replies to my post. I have just set up an account with coinbase and think it's probably sensible to wait until after the current situation with Russia/Ukraine is solved before taking the plunge. The funds that I intend on using are from an old company pension pot that when matured will pay out £40 per month, Huh

so I decided to cash it in and reinvest it in bitcoin, It will probably not be touched for another 7 years.

Regards

It is important to think hard about cashing in your retirement pension (0 risk, but limited no growth) to buy BTC instead (massive risk, decent LONG TERM growth potential).

Your investment in BTC is always susceptible to wild swings. I have lost 90% of my investment, then saw those dregs rebound 2,000%, only to repeatedly rise and fall up to 50% in either direction, all over the last 4 years or so.

If that pension is your only source of income for your retirement, you should speak to a professional adviser. From your posts it's clear that your knowledge of cryptocurrency is very limited, and you also are susceptible to being scammed.

Visit https://www.DANTeachesCrypto.com/ to learn the basics for free. And that's just beginner level.