So I am new here. I would like to get some financial advice from you all regarding investing in Bitcoin. Bitcoin is a cryptocurrency that I have been hearing so much about but still having cold feet to invest in it. I have some funds fixed in my commercial bank for almost 3 years now that will be due soon. For the past three years, the interest gotten from that fixed money is not much to call that a wise investment decision so I'm thinking of investing in Bitcoin. 12 percent per annum is not that okay for me, just left it there to avoid spending it. Even though, I will just invest a little from that amount to see how it will turn out.
I was introduced recently to this forum and I must say, it's an incredible place to learn about Bitcoin. I have learned a lot these past few days. If I had joined this group earlier maybe I would have gotten some Bitcoins to my name.
Please, what do you advise I do?. Thank you as I read your responses
12% per annum is good but somehow it depends on the amount you spend since the profit return would provably depends on the total amount you put on Bitcoin. If you intend to put small money from it I guess you will not get any nice return for that.
But I maybe you should try to explore other methods to use since somehow consistent daily or weekly accumulation is great way to increase your BTC volume or portfolio.
Maybe you need to engage with good discussions related to this matter so I suggest go on this thread "Buy Bitcoin the dip and hodl"
https://bitcointalk.org/index.php?topic=5132720.14200 don't get confuse about the title but people talk about DCA and other discussion that can help you to learn more about helpful things on your Bitcoin investment.
Also read this
https://www.coinbase.com/learn/crypto-basics/what-is-dollar-cost-averaging-dca