Hello I have some FD in my bank which is approximately 1,100,000 INR which is less than 10k equivalent in USD. My few colleagues are here in this community and suggested me to join but I'm not to knowledgeable about Bitcoin technology and I'm farmer who works daily for my parents and I have responsibilities too to look after them. I'm willing to invest in Bitcoin but seeing volatility that scares me a lot. Will Bitcoin gets slow down in volatility like stable way. I don't want my money to gets double, triple or a hundred times of my investment but I want my money to grow in slow, slow way which can helps on inflation.
Bitcoin is a gem, though I suggest you to invest init. There is only return of 5-7-8% in the fixed deposit which should be deposited for such tenure, while you can't withdraw before completion of deposits termed time. In the same time if you invest some in Bitcoin then you can withdraw your assets at anytime without any barrier.
If you are still in a perplex about whether to invest all or none of your hard earned money, then better to go with less in starting (so, you can learn about how bitcoin gonna progress in future) but you should be aware of while choosing wallets for a long term. some of the reputable members over here has suggested best wallets for storing your Bitcoin : Yu can go through here
[General] Bitcoin Wallets- which, what, why?Why the Bitcoin is mostly volatile sir, mam? What do you think of this my move is I am doing good or bad. Please genuine suggestion only. Thank you
Why is bitcoin volatile? Because it hasn’t yet been fully adopted.
Organically adopted new money always has and always will a start out first as a collectible, then move to a store of value then, move to a medium exchange, and then finally to a unit of account.
We’re in the so volatile phase now. Once the masses adopt bitcoin, the opportunity cost to spend it will go down. Then bitcoin will be a common medium of exchange.
