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
Before giving you any suggestion I would like to share my experience with you.
In the past age on the end of 2022 or the beginning of 2023 I had a fund on bank and it's around 5k US dollar and on that time bitcoin come below the 16k and I just haven't made any investment on bitcoin on that time because of I am new and I have FUD on my mind with may bitcoin will never goes up.
And to be honest if I just invest on that time I get at least 5x and that's mean the 5k could be 25k+ now. Even I won't prefer large investment at once I would suggest invest in DCA method regularly with long-term strategy I could give you profit with risk management. And at least it is much time better without putting our fund on the fiat banks it will just decrease your assets value.