Folks, at the old age I am I feel like I have lost my grip with technology.
In my teens and early twenties I knew all about gadgets the latest craze etc....
Every time I read about bitcoin even when it was being talked about on the good old bodybuilding.com forums I couldn’t make heads or tails of it.
As I’m getting older I have begun to think more about retirement, god willing I see that old age. In about 12 years if I leave early or 22 if my investments don’t pay off.
I pay into an ok private pension. I have paid into regular 10 year saving plans with the first to mature in three years with about £3k every year thereafter.
My question is this and please forgive for sounding outdated and left behind. I want to invest in bitcoin for the long term. I have no desire to make payments with it as I prefer the old way of cash. I believe that it will hold me in good stead in 12-22 years.
I am not switched on enough with terminology and the like with bitcoin. I can do stocks and shares that is easy. I don’t trade I invest. I put my money into solid company’s and forget about it for a few years unless I hear something detrimental.
I just want to invest in a single bitcoin and forget about it... whether it goes up or down today tomorrow next month or next year makes no difference to me really just that hopefully when I do need it it’ll have matured nicely.
Can I just leave it and forget it in say Coinbase?
Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant...