Thoughts about BItcoin
Bitcoin has been in the news a lot lately with stories of money made from it. One guy in New Zealand told me that the money he made from Bitcoin helped him pay for a house.
There are warnings from financial experts that any money invested in Bitcoin must be money you can afford to lose. It is highly speculative and volitile.
The bottom line is that if the possibllity of losing your money is going to cause you sleepless nights then investing in Bitcoin is not for you. der
The only thing I can suggest is that you can find some space in your budget. What are you prepared to give up? Financial success of any kind often means giving something up in order to achieve a greater goal.
What do you have that can be converted into cash that can be used as seed money for your Bitcoin investments. It must be stressed however that Bitcoin is by means not the only Cypto Currency around. There are I believe to be around 1500 or so of them. I believe that in the future, countries will all get in on the act and issue their own crpto currency. In the meantime, one has to find a good bitcoin exchange to trade with.
Do your research as you would any other kind of investment. Bitcoin is a fun investment and is another option for your financial portfolio.