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 of all, you are welcome to the forum as you have said this a good place to learn about bitcoin investment and lot more so you need to be active in the forum. Now about the money you invested in fiat to me I think it will be best if you invest it in bitcoin as fiat can not stand against inflation but bitcoin can. So if you don't want to go in at once is OK, you can start with the dca strategy and focus on continous accumulation until you have enough bitcoin in your portfolio. So savings your money in fiat it value will definitely depreciate as a result of inflation however bitcoin can act as a hedge against inflation.