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15K to invest, suggestions

aido12345 · 2017-01-03 09:58:38

Hi all, I've 15K to invest & would like to see what options I have outside a savings account & government bonds seems quite low also. I don't need access to this money for the foreseeable future (touch wood). I've no experience with shares etc so any help would be great. Cheers, A

Comments

#52 28-01-2018 3:57pm

topgolfer101

Closed Accounts Posts: 28 ✭

Join Date: April 2015

Posts: 23

The reason why bitcoin is way more risky than buying USD is because of the market itself. To understand this, forex is a 5 trillion dollar per day market whereas bitcoin is in the region of 250 million. What this means is liquidity (buyers for sellers) is less. Which means higher volatility in either direction. Where as forex is a much more liquid and volume filled market. So price is less volatile

Also consider the central bank and their stimulus programmes on currencies that effect world economies. They are designed to give a currency its direction and it's structure to remain at a safe price. The forex market can't make EUR/USD jump from 1.25 to 3 the same way bitcoin went from 10k to 20k.

Other factor is the liquidity providers. Major banks like citigroup and Deutsche bank are major investors in the forex market, which means less volatility and they can based on fundamentals and technicals push the price from key level to key level. So it is very easy to predict this based on the structured price patterns and the amount of volatility that is in the market

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