hello everyone,, I am a housewife who wants to join this forum and ask for your help, so that you can guide and advise me, especially in terms of investing in bitcoin.
First of all welcome to the forum and just make sure you read all the rules in this thread
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ so as to avoid making any violation on the forum unintentionally also.
as I said above that I am a housewife. and I plan to invest in bitcoin.
You have made the right choice and appreciate your thoughts of investing in bitcoin despite being housewife and this should be motivational for others as well because you are going through the way of investing in profitable asset rather then just saving it.
but what makes me want to invest in bitcoin is because,, if you put it in a piggy bank for a long time I think it will be affected by inflation.
so in my opinion if my invest in bitcoin, of course it will have good potential for the future. but I will ask everyone,
Exactly the money you save in your piggy banks is just lying there without any return but being reduced in value with rising inflation overtime making your fiat worthless.If you see most of the currencies around the world has lost significant part of their value over these years and then government prints more money making it even down.Rest your money in bank accounts is also facing the same inflation rates and you will get minimum in the name of bank interest.Moreover your funds are not yours and lying in their custody which they can anytime put restrictions on but bitcoin gives your financial freedom and returns as well.
is it too late to invest in bitcoin?
because I saw on the internet that bitcoin is currently experiencing an increase.
There were people back in 2015-16 who said we missed the boat when prices were very low so this is not a new concept but for me when you think of investing in it it's the best time keeping in mind you have long term holding without selling in future dips and that will be profitable for you.You must be aware about the market risk and invest what you can afford to loose a friendly advice to you.But keep faith and patience you won't regret it.
Even if you have invested at $20k and holding for 5+ years you will get lot of returns say we hit the ATH of $68k also then also you will gain much out of your investment so don't think too much.
But remember investing is one part and keeping it securely for all these years is also hard task so best is to use hardware wallets if you can and read about them
here or non custodial wallets like Electrum which don't save your keys.You need to backup your seed phrase on offline storage safely which is key to unlock your funds and must not be shared with anyone ever.So remember these things after investing as there are lot of people who keep funds on Centralised exchange like Binance but don't do such mistakes and keep funds with your custody.
and whether my decision is right or not, to invest in bitcoin?
You won't regret it once you make the choice of investing in bitcoin