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Qtx · 09-12-2017, 12:51

Bitcoin value is volatile and a big risk. Everyone is jumping on it because of the massive gains it's had, with a 'get rich quick' mentality. There is the chance it will lose a lot of value and if you don't take it out at the right time, you can make a loss.

LiteCoin (LTC) and Ethereum (ETH) are alternative crypto-currencies which people are investing in which are rising in value, just not at the mad rate of Bicoin. Maybe investing a small amount spare cash in to one of those may be a better option for those new to it, to get a feel of how it all works. They are going up in value at the moment. I know someone who brought just £80 of LTC yesterday and it's value today is £110 to £120. That kind of small investment to start and to monitor is better than dumping in tons of money when it's your first investment IMHO.

09-12-2017, 12:51	#22
Qtx CF's Worst Nightmare Join Date: May 2012 Location: Probably outside the M25 Services: Sky Fibre Unlimited 40/10 Posts: 3,473	Re: Bitcoin Bitcoin value is volatile and a big risk. Everyone is jumping on it because of the massive gains it's had, with a 'get rich quick' mentality. There is the chance it will lose a lot of value and if you don't take it out at the right time, you can make a loss. LiteCoin (LTC) and Ethereum (ETH) are alternative crypto-currencies which people are investing in which are rising in value, just not at the mad rate of Bicoin. Maybe investing a small amount spare cash in to one of those may be a better option for those new to it, to get a feel of how it all works. They are going up in value at the moment. I know someone who brought just £80 of LTC yesterday and it's value today is £110 to £120. That kind of small investment to start and to monitor is better than dumping in tons of money when it's your first investment IMHO.