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.
It’s just better you invest little amount in bitcoin to give it a trial. Bitcoin investment is really a nice investment, and if you can hold bitcoin for a long period of time, then you will be making money from it. As a newbie there are lots of things you should know before investing, because bitcoin is not a get rich quick scheme, and if you are investing in bitcoin, make sure you store it in a appropriate wallet, and make sure your private key is properly secured.
Also you should know that you holding bitcoin for 3 years might not really guarantee a good profit, and if you are lucky, you might be in profit even before the 3 years, so don’t just think you will have made so much money before 3 years, because you complain that the profits which you made in your fixed deposit is not much.