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Bitcoin.. seeking advice please

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Comments

  • Merlin139
    Merlin139 Posts: 7,282 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Has the OP looked at the price of Bitcoin in the last 12 months?

    High of over $19K
    Low of $5.5K

    Today around $6.5K

    Obviously great if you buy at $5.5K and sell at $19K

    How big is your small deposit? Are you happy to lose all of your small deposit? How long do you wish to invest for?

    Have you tried to Google Bitcoin to find out more?
    3.795 kWp Solar PV System. Capital of the Wolds

  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    I agree with FA this thread is fishy probably just a timewaster wanting us to write long responses.
  • Sometimes, posts sounding like this one are written by investigative journalists'

    The opening post has poor grammar and a lack of correct capitalisation so you could well be right.
    I would go for a Daily Mail journalist.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    The opening post has poor grammar and a lack of correct capitalisation so you could well be right.
    I would go for a Daily Mail [STRIKE]journalist[/STRIKE] hack.


    Fixed your typo
  • If it sounds too good to be true, then it generally is. I would suggest you avoid bitcoin like the plague, especially since you've said you know nothing about it.

    It is ultra-high risk, completely unregulated and could crash tomorrow or in 5 years time and you would lose 100% of what you put in - could you deal if that happened? I liken it more to gambling than actually investing.
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