Thanks for interesting replies everyone.  I feel now is the right time for me to start investing, just need to decide what my approach is going to be re purchasing, wallet type etc.  More reading here I come ...

... or am I being unreasonably pessimistic?

I only joined this forum a week or so ago and I'm loving it, all the different topics, all the different opinions and views.  I think I'm in danger of getting the 'investing in crypto' bug and I'm gradually gearing up to dipping my toe, probably in BTC and ETH.

However, hold on a sec.  This forum, understandably, is full of people that buy into the concept of cryptocurrency, have invested various sums, trade in the stuff and so on.  My point?  Everyone on here wants to see the value of cryptocurrency rise ... and rise ... and rise.

None of us have a crystal ball, if we did we'd be multi billionaires, however as much as I like the projected idea of BTC being worth <insert very high monitory value here> in 5-10 years, is this sort of projection valid?  Are we perhaps seeing an expected slowing down and perhaps even slight plateauing of BTC and an end to significant increases week by week?

As I say everyone on here quite rightly want to see the likes of BTC increase exponentially over the coming years, however we're all excited by the whole crypto thing.  Are we therefore at risk of looking at the whole thing through rose tinted glasses, basing our hopes on the increases of the last few years that, surely, can't continue?

Am I right ... or wrong?

thanks guys, to be honest I know I should be replacing my PC, had it since 2007  maybe it would be good as a mining rig 

I'll ask Trezor but as you point out they'll probably just say 'Win 7 or higher for full support.'

Hi

I was thinking about buying Trezor.  My PC is quite old and runs Windows Vista.  On the Trezor website it simply states that Windows, MacOS and Linux is supported.  Do you know if the Trezor will run okay on a Windows Vista PC?

Thanks for the replies.  Yeah I'll need to do some more research to find what route suits me most.  Bitbargain state they don't charge if you're buying BTC, it's the seller who has the costs.  However they also advise:

'However, sending a bitcoin transaction out on the bitcoin network may require a transaction fee not by BitBargain, but by the bitcoin network itself. Depending on the number of unconfirmed bitcoin transactions and the estimated time needed to confirm quickly, we may offer different options for your withdrawal. If there is no backlog of many unconfirmed transactions, we take on the costs of the transaction and you have the option to not pay a transaction fee.'

It's not 100% clear to me what they'd charge so if I'm thinking of using them I'd likely email them first to get some clarity on their fees.

I'm gearing up to start investing in BTC and possibly ETH.  I see there are P2P sites such as Bitbargain for BTC and exchange sites such as Coinfloor.  When it comes to cryptocurrency, is one route better than the other (e.g. additional layers of security) or, as long as you choose a reputable site, is it basically six of one and half a dozen of the other?

Thanks all for the thoughts and advice. Yeah I reckon, rightly or wrongly, I'll be sticking with BTC and ETH, at least for now!

I'll keep you posted on my journey, now to do some more research re: the buying process etc etc etc

Hi All

Just joined the forum, what a wealth of information!  My first question is relatively straightforward in its asking, although I appreciate the answer might be anything but!

I'm more interested in playing the long game with any investment I make, 'long game' meaning investing now and seeing where my investments are at when we get to 2022.  If I'm being honest, my interest isn't really in making multiple smaller investments and buying/selling as I go.  I'd rather make what, to me, are more significant investments and as I say play the long game.  Note if I lost all of this investment I would survive i.e. I'm not going beyond what I can afford to lose.

Here's what I'm thinking:

1. Invest in 1 x Bitcoin.
2. Invest in 10 x Ethereum.
3. Attempt to resist the temptation to sell between now and 2022 unless either/both increase very significantly in the interim.
4. Assess the situation come 2022 and, if either/both are going to bring me a significant return, sell.

I'm making a LOT of assumptions re: the intervening years I know.  Been reading lots of interesting articles about the way cryptocurrencies could go over coming years so yes, anything between now and 2022 can obviously happen.

However, given none of us truly know what the future holds, do you think my proposed approach is reasonable or foolhardy?