I want to invest £25 per month into bitcoin for the next couple of years - page 2.

ummahusla

newbie

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Quote from: Thirdspace on December 14, 2017, 08:36:08 AM

It's a good idea!
cons: depending on how you buy your BTC, the current minimum tx fee will be the downside
it would cost you (or seller) significantly high when dealing with low amount transaction
if you can find a way to reduce the fee close to negligible, it would be perfect

Atm I just registered on Coinbase and waiting for verification from there, I thought of buying on monthly basis. Is it a good idea?

Thirdspace

hero member

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It's a good idea!
cons: depending on how you buy your BTC, the current minimum tx fee will be the downside
it would cost you (or seller) significantly high when dealing with low amount transaction
if you can find a way to reduce the fee close to negligible, it would be perfect

ummahusla

newbie

Activity: 4

Merit: 0

I'm 25, I have a full-time job and sometimes I freelance. I'm thinking about making a small investment (£25) into bitcoins on monthly basis. Additionally, I want to invest the money I get from the freelance into it as well, but it's not very stable income, so I mainly want to focus on small monthly investments.

Can anyone consider this idea as a good one?
What are the possible cons of this idea except losing all money?

Topic: I want to invest £25 per month into bitcoin for the next couple of years - page 2. (Read 322 times)