Post
Topic
Board Beginners & Help
Re: I will invest in bitcoin for my child's cost when they grow up.
by
Rx009
on 30/01/2023, 15:14:23 UTC
Not pretty sure what your question is so I suggest you read [1] https://cryptosec.info/ given you have decided to invest your money in bitcoin for the long haul. Remember that maintaining your financial security and handling it responsibly should and always be your utmost priority.

I see lots of people who have long term success investing in bitcoin. for example, like people who bought bitcoin in 2009 and sold it in 2021 when the bitcoin price was high.
While I know that these are the common scenarios from before and could perhaps happen in the future, but still, be wary that there is still a chance that bitcoin would not go up in price. I mean we can't certainly know if bitcoin will reach a hundred thousand valuation in the next decade, or in the next 20 years.

I am not saying that it isn't safe but you have other options to diversify your money other than bitcoin. More importantly, invest what you cannot afford to lose.  Smiley


thanks for providing the link for me to read, and i have read it, and the wallet i think is safe is a hardware wallet.

and i invest in bitcoin using idle money, so even if i have loss in my investment in btc, i am ready to bear the risk.