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Title: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: bitcoinbot on March 17, 2015, 06:58:10 PM It would buy me about 4.5btc
Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: EcuaMobi on March 17, 2015, 06:59:20 PM It would buy me about 4.5btc Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Do you have bitcoins besides that already? If BTC4.5 means less than 20% of your total investments I'd say go for it! Otherwise you have to further analyze the risk. Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: Beliathon on March 17, 2015, 07:05:33 PM It would buy me about 4.5btc If you're only willing to wait a year before you give up on an investment, bitcoin may not be ideal for you. It's more of a 5+ year game here for now.Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: Ron~Popeil on March 17, 2015, 08:39:15 PM Only invest what you can afford to lose. I am a firm believer in the future of bitcoin, but prudence is important with any investment.
Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: bitcoinbot on March 17, 2015, 08:45:09 PM It would buy me about 4.5btc Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Do you have bitcoins besides that already? If BTC4.5 means less than 20% of your total investments I'd say go for it! Otherwise you have to further analyze the risk. Yes, I already hold 4.2btc Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: EcuaMobi on March 17, 2015, 08:48:04 PM It would buy me about 4.5btc Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Do you have bitcoins besides that already? If BTC4.5 means less than 20% of your total investments I'd say go for it! Otherwise you have to further analyze the risk. Yes, I already hold 4.2btc For clarification I meant 20% of your total investments including fiat, not 20% of your bitcoin holdings. If I were you I'd convert your bonds to BTC if 4.2+4.5 is less than 20-30% of your total investments including fiat. Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: turvarya on March 17, 2015, 09:14:39 PM It would buy me about 4.5btc Thanks P.s, I have other savings as well. I bought the premium bonds last year expect to win something. Even a little something.. but so far I didn't win anything. Do you have bitcoins besides that already? If BTC4.5 means less than 20% of your total investments I'd say go for it! Otherwise you have to further analyze the risk. Yes, I already hold 4.2btc For clarification I meant 20% of your total investments including fiat, not 20% of your bitcoin holdings. If I were you I'd convert your bonds to BTC if 4.2+4.5 is less than 20-30% of your total investments including fiat. If you don't think, they will raise at all or just a little, I would go for BTC. Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: Beliathon on March 18, 2015, 01:17:46 AM Only invest what you can afford to lose. I am a firm believer in the future of bitcoin, but prudence is important with any investment. Wise advice here, we're still in the very early days.Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: afbitcoins on March 18, 2015, 11:02:50 PM Can't say what you should do but If it was me, yes I'd go bitcoin instead.
Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: fonzie on March 18, 2015, 11:10:03 PM Canīt say what you should do with your premium bonds, but you definitely shouldnīt put a single penny into Bitcoin. (If you love money)
Title: Re: Should I Cash in my Premium Bonds and Buy Bitcoin instead? Post by: gentlemand on March 18, 2015, 11:12:33 PM Premium bonds are an utterly rotten 'investment'. I don't get why people bother with them. Depends how disposable that money is to you. There are lots of other more dependable possibilities if you've an appetite for a bit of risk.
I went into a stocks and shares ISA at the same time as BTC in 2013. The ISA is up 50% now. |