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
Fixed deposit gives you a certain percentage of your investment at a given time, however there are no risk involved, your sure of your capital and accrued interest at the end of the schedule date, however Bitcoin is not exactly like that, the value of Bitcoin can sometimes fluctuate due to market forces, which is also called market volatility, this volatility doesn't last forever, as it can bring the price down and it can still take it up, however an investor, you need to recognize that, hence there is volatility, you don't need to panic, but be rest assured that your investment is definitely safe and is likely to triple it's capital and interest within a period of time, most times far better than what fixed deposit will ever give you, so all you need to do is to have the patient to invest in BTC.