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
Bitcoin investment or fixed deposit. This actually an interesting point of decision making
So basically Bitcoin investment is a good and best option for one who is ready to take on a bigger risk
Bitcoin investment should be done when you aware that the money for the investment can be left for over a period of time if that be the case Bitcoin investment is the best option in that case
On the other hand fixed deposit has a guarantee interest rate at the end of the investment period it's advisable to invest in the fixed deposit when dealing with money that can not be taken more risk with
The both investments are fine but when making a decision like this do based on how much risk you can be ready to take with money just so you will be on the safe side