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Author Topic: Should I Cash in my Premium Bonds and Buy Bitcoin instead?  (Read 873 times)
bitcoinbot
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March 17, 2015, 06:58:10 PM
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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.
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EcuaMobi
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March 17, 2015, 06:59:20 PM
 #2

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.

Beliathon
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March 17, 2015, 07:05:33 PM
 #3

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.
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.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Ron~Popeil
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March 17, 2015, 08:39:15 PM
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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.

bitcoinbot
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March 17, 2015, 08:45:09 PM
 #5

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
EcuaMobi
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March 17, 2015, 08:48:04 PM
 #6

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.

turvarya
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March 17, 2015, 09:14:39 PM
 #7

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.

I'd say, it depends on what you expect of your premium bonds.
If you don't think, they will raise at all or just a little, I would go for BTC.

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Beliathon
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March 18, 2015, 01:17:46 AM
 #8

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.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
afbitcoins
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March 18, 2015, 11:02:50 PM
 #9

Can't say what you should do but If it was me, yes I'd go bitcoin instead.
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March 18, 2015, 11:10:03 PM
 #10

Can´t say what you should do with your premium bonds, but you definitely shouldn´t put a single penny into Bitcoin. (If you love money)

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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March 18, 2015, 11:12:33 PM
 #11

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.

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