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
First and foremost I'm welcoming you to this forum, of course this platform is indeed a very nice place were you can get all the necessary information about crypto investment. However is actually nice to hear that you want to invest in bitcoin, of course fixed deposit can not bring a reasonable profit, just imagine holding bitcoin for 3years without being tempted to sell, Did you know how much profit you would have gotten from your investment by now? But it wasn't your fault that you didn't invest quite on time.
now that you're informed about bitcoin investment and it's potential in future I believe you can now utilize the opportunity, The room is still very much open for you to invest in bitcoin, but always remember to set an emergency fund before investing in bitcoin, because bitcoin investment is not a get Rich quick scheme rather it requires a lot of time and patient before you can get profit from your investment. which is why setting an emergency fund is considered very important during this process so as to enable you leave your bitcoin untouched in your portfolio till the right time.