That's why it's only going up from here long term.
A good tip is never to believe anybody who says that.
That's why it's only going up from here long term.
Don't listen to this guy^
Your son has the right idea, put it into Bitcoin. But don't go all in right now. Bitcoin moves in 4 year cycles and is coming to the peak of it's current cycle. Wait until the peak happens and the downtrend begins THEN start dollar cost averaging (putting bits of money in each time it drops). Do this until after the next halving (880 days from now), that is when it really starts to run. This peak could see anywhere between 90k and 170k... the next peak (in about 3 years time) could see 500k.
Young people don't want stocks and shares, ISAs or any other boring investments, they want Bitcoin. They will inherit money from old people and guess where they will put it? That's why it's only going up from here long term.
And this ladies and gentleman, is why giving financial advice is highly regulated.
Writing this post I am tempted to tear your "logic" apart but it's such a ludicrous post it doesn't even deserve that.
You sound like someone who just parrots things they hear in the mainstream media. What next, terrorist financing? I've heard it all before.I've got some lovely tulip bulbs here.
You have no logic because you have no knowledge of this asset.
Yeah financial advisors weren't telling people go get into BTC 3 years ago, they were late to the game.
Young people don't want stocks and shares, ISAs or any other boring investments, they want Bitcoin