Sun 280321 Brought some Bitcoin for the very first time...

BROUGHT SOME BITCOINS FOR THE VERY FIRST TIME

I went and brought some bitcoins for the very first time...just in order to find out how it all works...including both: 'buying/selling'.

It's possible to user either Skrill/Neteller app. in order to make both purchases/sales; and, I'm sure, there are many other ways of investing in it, too...such as through the use of wallets/-etc.

YOU DON'T NEED TO BUY A BITCOIN 'WHOLE'/YOU CAN ALSO BUY A 'PART'

What I discovered was...

- You don't have to buy a 'whole' bit coin...so, if say the BTC/BitCoin cost £40,000.00+; you can still invest say: £10.00 in order to buy into it. Of course, your 'buy in' would only amount to something like owning 0.0000000000001%; but, at the same time, you are able to participate in the rewards/losses if the price either moves up/or else, goes down.

If the price drops really low, all of a sudden; then, if your investment amount was low...that could wipe out all of your investment.

If you invested high...and, all of a sudden, the price drops...you should still have, at least, some bit coin money left.

FEES/CHARGES

Rather like investing in certain stock market options...you can choose to both 'buy/sell' your bitcoins, at any point in time...; however, you also need to be fully 'aware' of the costs in fee charges; for example, using the Skrill app.

-> You are charged a fee when you deposit from your own bank a/c.

-> You are charged a fee when you purchase bit coins

-> You are charged a fee when you sell bit coins

-> You are charged a fee when you withdraw funds back into your own bank a/c.

...so,  that all adds up to 4 different sets of fees being charged...with some fees being far higher than others are...such as depositing back into your own bank a/c. is, in fact, the highest fee!

THINKING ABOUT WITHDRAWING EVERYTHING

I might just decided to withdraw all of my money out of bitcoins altogether...; as, frankly, I don't fully understanding the platform/not sure I'm investing money, properly; nor do I trust the price of bitcoin which could, quite suddenly, fall. I heard of people, suddenly, losing say 30% of their investment/-etc. 

I guess, you have to know when to stay with it...as well as, when to drop out. Myself, I'm not that skilled, yet. So, I really feel very deeply 'uncertain' about keeping any money in there. I only ever invested no more than £10.00 at a time.