I won £50 - should I use it to buy Bitcoin?

[MIner1448]

If you have money from winning a draw, you have several options on how to use it. You can buy more bonds as the minimum purchase amount is low. Alternatively, you can buy a few satoshis (small fractions of bitcoin) as you believe the price of bitcoin will rise in the future. The million pound prize is tempting, as is the opportunity to double or triple the value of bitcoin. The decision depends on your financial goals and your comfort level at risk.

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[PIMPdev]

If you have money from winning a draw, you have several options on how to use it. You can buy more bonds as the minimum purchase amount is low. Alternatively, you can buy a few satoshis (small fractions of bitcoin) as you believe the price of bitcoin will rise in the future. The million pound prize is tempting, as is the opportunity to double or triple the value of bitcoin. The decision depends on your financial goals and your comfort level at risk.

Yeah, I think you're a bit late considering that the original post was made a month ago.

[Agbe]

Take that 50£ and ask a girl/someone important you out for a nice dinner. Enjoy life and have a laugh because in the process of always trying to make money we often tend to lose important people around us. Lets be realistic because investing that 50£ in cryptocurrencies isn’t really gonna help you tremendously. Go have fun outside and i bet that money will be worth much more than 1£ or 2£ profit you make in 6months on cryptocurrency.

When I saw the topic this waj exactly was in my mind. Op should use it to buy some food stuffs and store his house and at least eat them for sometimes. Because what you eat with your money is what you will carry go to heaven. And all the rest things will be shared among your relatives so eat well and relax. Food is one of the necessary needs in human life and it also make one to think well for one to do next. If you have not eaten, one can commit a crime that not supposed act. Buying bitcoin is good but if it mismanaged and the coins gonna lost what will you do? As others said, there is risk in it.

[fintechguruji]

Nothing is certain in crypto currency  and basically I don't enjoy telling people to invest in bitcoin  and just as you hoped and predicted that he can make double of the £50 on one year,  did you also think of the possibility  of not making that amount as we can see that the market has been struggling for over a year now and no one, I mean absolutely  no one knows when the market might spike but rather we invest based on hopes and predictions and rather than throw all your money into bitcoin,  it wouldn't  be a bad idea to diversify and keep trying your luck with some portion in the bonds.
If you think you will invest, just look at the https://fintechguruji.in/shiba-inu-coin-price-prediction-forecast/ and other cryptocurrencies here.
Goodluck.

[Jet Cash]

Van living is a massive niche on YouTube. I did a search for "van life", and the first video was on a channel with 691k subscribers. It doesn't just address people living in a van, but also people who would like to be living in a van or mobile home. Then there are all the weekenders who own a campervan, and there is a cross interest with boat dwellers and digital nomads. It's really a very interesting community if you can avoid the druggies and the alcoholics.

There are some uinteresting niche topics as well like LoRa.

[Jet Cash]

I thougght I would update this thread with details of my current winnings. I've had £3,600 invested since the beginning of 2023, and so far all I have won is £100 ( 2 x £50 prizes ). Since March of 2023, Bitcoin has risen by 237%. If my maths is correct, then £3,600 invested in Bitcoin would have shown a profit of £8,532 at today's price. I'm thinking of stating a thread where I compare "investments" in Bitcoin, bank savings, premium bonds, and the weekly purchase of a Euro millions lottey ticket. I might also chuck in an entry to the free lottery.