Kitz ADSL Broadband Information
adsl spacer  
Support this site
Home Broadband ISPs Tech Routers Wiki Forum
 
     
   Compare ISP   Rate your ISP
   Glossary   Glossary
 
Please login or register.

Login with username, password and session length
Advanced search  

News:

Author Topic: Does anyone invest in bitcoin?  (Read 370 times)

Bowdon

  • Content Team
  • Kitizen
  • *
  • Posts: 2201
Does anyone invest in bitcoin?
« on: December 21, 2020, 02:42:26 PM »

I've been looking in to the possibility of getting in to the bitcoin buying.

As anyone on the forum bought either bitcoin or one of the other digital currencies out there? If so, do you have recommendations?

In these times of uncertainty I thought I better get some understanding of digital currency and how it works.
Logged
BT Infinity 2 - Smart Hub 6 - ECI Cab

g3uiss

  • Reg Member
  • ***
  • Posts: 642
  • You never too old to learn
    • Midas Solutions
Re: Does anyone invest in bitcoin?
« Reply #1 on: December 21, 2020, 07:23:59 PM »

Too volatile and doesn’t follow market trends meaning planned investments are totally guess work.
Logged
Zen FTTC and Zen ADSL2 HG612 modems with Vigor 2925

sevenlayermuddle

  • Helpful
  • Addicted Kitizen
  • *
  • Posts: 5347
Re: Does anyone invest in bitcoin?
« Reply #2 on: December 21, 2020, 07:58:12 PM »

Too volatile and doesn’t follow market trends meaning planned investments are totally guess work.

Agreed, applies to most investments, but especially unquantifiable ones.

If today’s news is to believed, given disruption to UK/France road haulage we’d have done well to invest in cauliflower.   If only we’d known.   There’s two in my fridge, which the minimum level I aim for,  but I could have got so many more in Saturday’s delivery.   ::)
Logged

Black Sheep

  • Helpful
  • Addicted Kitizen
  • *
  • Posts: 5289
Re: Does anyone invest in bitcoin?
« Reply #3 on: December 21, 2020, 08:35:51 PM »

When my Dad passed, he left me a bit of cash and I looked at 'Bitcoin' as a place to invest.

Being a low - medium risk taker myself where money's concerned, I dropped it like a hot potato. Waaaaaay to out there for me.

Opted to take out a portfolio with what I might call a proper investment company, and as a low - medium risk applied, I'm seeing an average of 8% growth over the years. Better than it sitting with the banks and I'm not having sleepless nights like I would with 'Bitcoin'.

It's down to your own personal risk taking.  :)

https://www.forbes.com/sites/forbesfinancecouncil/2018/12/05/the-top-10-risks-of-bitcoin-investing-and-how-to-avoid-them/?sh=7b2d13292407
 
Logged

Bowdon

  • Content Team
  • Kitizen
  • *
  • Posts: 2201
Re: Does anyone invest in bitcoin?
« Reply #4 on: December 23, 2020, 04:45:56 PM »

I think I'll give it a miss.

The main issue I've run in to is that some banks refuse to allow people to buy bitcoin, sadly my bank is one of them.

The way some people get around it is using another mobile app bank (Revolut is mentioned a lot) to transfer money in to there, then from there to the bitcoin exchange. It all seems more hassle than its worth at the moment.

Hopefully it'll become more accessable, especially if Paypal bring the ability to invest in to bitcoin to the UK. I think they let their US customers do it.

So I'll pass on this one, especially when you said its very risky anyway. It doesn't sound like its worth the hassle.
Logged
BT Infinity 2 - Smart Hub 6 - ECI Cab
 

anything