Hi, I’ve had £2,000 physical cash on hand for a little over a year now not touched from inheritance. I’m a bit late to the game as could’ve invested back then but thought having the cash spare would be handy so I had kept it out of sight and mind. I started investing in February this year around £150 on a Ledger device and kept that and the words safe but now I’m wondering is it worth putting that spare cash into Bitcoin? I don’t have any plans to need it in the short term. What might be my expected returns? Thanks
Posted by Sprogletto
15 Comments
give it to me and I will invest it for you
Id say absolutely. Do you have any Bitcoin on the ledger yet? I would buy 2k worth immediately. Just as long as you wont need the money i dont think theres a problem.
If I were in your shoes I’d do the free trial with one option and learn to trade stock.
A lot of people think it’s gambling but if you learn they mentality and cautions that tons of traders will tell you, it’s a viable way of making money. Faster than BTC unless you try and win at day trading BTC.
If you dont need it back for the next 10 years then yes
Where were you months ago lol
I’d put half in and see how you feel about it. It really depends on your conviction and knowledge of bitcoin.
Always. If you don’t buy you will regret it. Just like if you sell it.
It should be based off your timeline
How much time are you confident you will not get the money for.
Go for it buddy. Now’s a good time to buy as long as you want to hold for a number of years at least 😎👌
Fo sho
Always.
Don’t touch it and it’s good! Understand how hard it can be if it’s the first time you have any money in BTC to not look at it constantly.
Put it away like you don’t even have the money. For at least a few years
I started buying in February. I think it was the 8th. About 25$ a day in purchases.
I’m at 2,200$ cost basis with it being worth almost 2600$.
Just set up a reoccurring purchase and forget about it!
It’s always worth buying some
If you don’t need it for 4 years , I would absolutely. I would expect to at least double the fiat value in that time. Thank me later.