A student investing in bitcoin? - page 5.

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Quote from: Septex on February 07, 2024, 12:12:18 AM

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Deposit money and invest? You need to ask yourself about how one can invest in Bitcoin not just investing. For us to put money into the crypto market, it is good for us to under the market and how to invest in a way that we are not going to lose our funds to the market. The market is huge and the only way we can make money from the market is by strategizing and utilizing different skills that will enable one to make money. You can either decide to be a crypto trade or investor for you to make money from the market. The market is volatile and if we don't study the market it analyze it, we might be surprised to lose everything.

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This is not the priority of a student but it never means we should not and decline the opportunity we see. If we have extra money, why we should not? Besides, investing in Bitcoin does not need huge capital, even $50 is enough to start which is why it won't limit or stop a student or anyone who only has $50 in their pocket. As long as we have an idea of what to do and the needed wallet where to store our BTC, it all be okay. Of course, the amount is not big enough to expect a huge profit but continue doing this for a few months, it becomes big. The most important is that we never miss the opportunity.

Quote from: Solokan on February 09, 2024, 09:30:02 AM

Having an interest in investing in BTC is certainly a good thing,

Unless we know and understand what this is all about.

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Quote from: Septex on February 07, 2024, 12:12:18 AM

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

This will be the best step for you because you already feel interested in investing in Bitcoin, even though you have known about cryptocurrency since 2019, you didn't jump in straight away because you didn't understand how it works
But now you are interested again in being able to experience investing in it. Of course, you have studied and looked for more in-depth information about crypto and can understand all the risks. You've got the basic knowledge, what are you waiting for? Now is the perfect opportunity to get started

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This is a very interesting story and honestly, if you are interested in investing in Bitcoin, of course that is a good thing, of course investing in Bitcoin will certainly open up good opportunities for your future, but of course before investing in BTC, you can research first about the risks of investing in Bitcoin. And of course you have to be prepared for the risks posed by Bitcoin.

When your friend benefits from investing in BTC, of course it's because he already knows the knowledge about BTC investment. Op, in my opinion, if money is worth putting into BTC, it is money that is ready to be lost, so if you invest the money you save and invest it in BTC, of course you have to be prepared to lose yourmoney because the price of BTC is always fluctuating. So before investing in BTC you have to think first about the risks BTC poses.

Having an interest in investing in BTC is certainly a good thing, so you can read the replies from members of this forum well and wisely.

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About your savings. Think of them as your safety net, like a comfy mattress for your financial well-being. Don't go throwing them all into Bitcoin, just in case life throws you a curveball. Instead, use some spare cash you can afford to lose, like a portion of your paycheck or some extra dough you find lying around.

Remember, Bitcoin ain't a guaranteed money-making machine. It's more like a gamble with some serious potential rewards. So, do your research, understand the risks, and don't listen to anyone promising you the moon.

Ultimately, the choice is yours. Just make sure you're doing it responsibly and with a clear head. And hey, if you do decide to take the plunge, best of luck on your Bitcoin adventure!

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Quote from: Dr.Osh on February 08, 2024, 09:53:02 PM

this is a good thing for you. I think this could be the start of your future investment journey. However, it's okay to use your savings to invest in bitcoin, but I recommend keeping a few percent of your income saved. This will be very useful when you need emergency funds so you don't have to sell your bitcoins or investments. Investment is a good thing, but we also need savings for things we don't expect in the future.

That's the most important thing, not all of the savings we have have to be invested, especially investing in Bitcoin allows us to face all situations quickly so that we will have difficulty when we face an emergency later, most likely we will experience losses.
Investing at an early age will be quite profitable in the future, regardless of what we will get, whether profits or losses, but the valuable lessons we will get from the journey we have gone through in investing, experience will be very valuable knowledge.

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Quote from: Nwada001 on February 07, 2024, 04:42:25 AM

Quote from: Rikafip on February 07, 2024, 12:43:00 AM

According to one of your earlier posts you already invested in bitcoin in the past but then had to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer. Wink

This is one thing about cooking up stories. Most times, the author forgets about what they said before and is too lazy to study the old thread in order to keep the stories in place. Instead, they come up with a new one every now and then, forgetting there could be members who are concerned and could trace and get their things all out and together.

This is just simple as most people tell lies and forgetting about their previous post, why tell lies when lacking a retentive memory. The op investing in bitcoin has nothing to do with forum members so I don't get why he/she will cook up unwanted stories.
Seeing the reply of other forum members shows the story is not valued. If this story is so honest then I will advice the op to ask questions or rather read before creating such topics

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Quote from: 0t3p0t on February 07, 2024, 04:19:17 AM

Quote from: Septex on February 07, 2024, 12:12:18 AM

Should I invest my savings in Bitcoin?

Yes if it is extra money but if not then no. We all know that Bitcoin investment has risks so if you need that money during dip or bear market I think you will be forced to sell it and surely it will hurt your investment and capital. Just make sure you are ready to play for the game of volatility, much better if you make it long term so it won't stress you out.

Investing is a bit risky for those who are new to investing. But those who invest in bitcoin can invest without any risk. If you invest in bitcoin days, you will have to invest for a long time. If you lose bitcoins, there is very little chance of losing money because bitcoin is trusted and safe. .If we invest in any other coin instead of Bitcoin, it can be risky so we have to think before investing.

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You can definitely invest but before that you need to be prepared, as the Bitcoin market is uncertain, the price of Bitcoin can go down at any time and go up a lot any time, this is a risk, that the price will up and down, when you ready to take this risk, then you can invest in Bitcoin. when unfortunately the price go very down, you should not panic anyway and don't stop your holding, only then you can profit. If you are not ready to bear this risk, then it is better to hold off on your Bitcoin investment, and if you are ready, you can invest and always remember, the investment must be for the long term.

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this is a good thing for you. I think this could be the start of your future investment journey. However, it's okay to use your savings to invest in bitcoin, but I recommend keeping a few percent of your income saved. This will be very useful when you need emergency funds so you don't have to sell your bitcoins or investments. Investment is a good thing, but we also need savings for things we don't expect in the future.

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Quote from: Septex on February 07, 2024, 12:12:18 AM

Should I invest my savings in Bitcoin?

You can, it's advisable because your savings won't go anywhere but just make sure you not spend all of your savings to investment just in case something bad would happen in the future. Even better if you have additional income to support your investment just like you said that you are a part time teacher, so I would say make a X% amount of your salary for your Bitcoin would be okay to do. You may need to think about this.

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Quote from: knowngunman on February 08, 2024, 12:01:07 PM

From the revelation so far, your words contradict each other and I doubt if you truly need or deserve to be advised. The only thing I can tell you is to invest wisely with what you can afford to lose.

Yeah, based on the replies of other members. He had been into Bitcoin more than the time that this thread and his story has been telling us. There's more to it and this is no longer needed for him to get some of the advise or he just want to take attention of everybody.
If he's already into it and truly like to invest, he'd no need to get any affirmation and confirmation from any person and he'd just invest into Bitcoin whether it's from his savings, from his side hustle salary or any money that comes from him. As a student, he's got a lot to sacrifice for that if it's what he needs.

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Quote from: lovesmayfamilis on February 08, 2024, 09:52:20 AM

After reading all four pages, the thought arises that the answers were divided into two parts. Some perfectly see how insincere the author of the topic is, why the topic was created, and what the OP wants.
But all those others furiously write truisms, repeated from topic to topic, without at all reading the posts of people who say that he doesn’t need any advice. He has a different goal.

Most users don't care about that - they're just interested in the title and give advise to OP as best they can without reading what he wrote. Of course I've reported the post to the moderators - but unfortunately, most users don't have a good reading culture.

Quote from: lovesmayfamilis on February 08, 2024, 09:52:20 AM

How do these posters differ from the OP? Everyone has only one task; I see that some are either deaf or blind. Grin

LOL - something predictable.

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First of all, I hope you understand what volatility means before you put all your savings in Bitcoin. If you don’t, you should look it up and understand how Bitcoin works. Secondly, you will not make quick money from Bitcoin (just in case you thought it would). Thirdly, there’s more to Bitcoin than the investment. I like to think that the profit is just a coincidence as that isn’t why Bitcoin was created.

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Quote from: Stepstowealth on February 08, 2024, 01:07:17 PM

Quote from: Rikafip on February 07, 2024, 12:43:00 AM

According to one of your earlier posts you already invested in bitcoin in the past but then had to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer. Wink

Quote from: Septex on December 01, 2023, 01:26:10 AM

At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks

I am sure that OP is not telling lies about him being a student, but he is just not truthful about this post, and since you have been able to hold him by what he posted before @rikaflip it shows that OP is not even well aware of this forum, that every user has a personal profile where there is a history of all the posts they have made. OP seems stuck to me on ideas on how to create a good topic, so he is just leveraging on his position as a student to get pitiful merits.

Investment in bitcoins is not age restricted, and at any level where you can really understand what bitcoins is, and how it can benefit you if you invest and keep it safe, then you are okay to invest even if you are a student or not.

Make up story is very common in forum, in order to produce a topic, and if this true then this story or topic is a made up story but lets aside the story, this thing could truly happens, many investors or people are very hesitant in investing in bitcoin or any cryptocurrency nust because they are afraid that its already too late but it never was, especially in bitcoin, yoy just need to find the better position to brought bitcoin especially if you will do holding, but for a trader of course it will require a lot of technical analysis and indicators, in short for new investors dont be afraid to initiate if you know what you are doing then there's nothing wrong with investing and taking the risk. Risk is the next challenge here; if you can't overcome it and you can't take it, then you will not survive your bitcoin investment.

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Quote from: Septex on February 07, 2024, 12:12:18 AM

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Firstly, you need to understand that it's never late to invest in Bitcoin. Best time to invest in Bitcoin is now. No matter when, it's time to invest in Bitcoin at any given moment in time. So yeah, you definitely should invest your savings in Bitcoin ASAP.

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Quote from: Septex on February 07, 2024, 12:12:18 AM

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

From your story, you sound like you are not financially stable but you have focus and future and you have ambition to invest in bitcoin but the way you are seeing Bitcoin in 2019 is not the way it is today. Back in 2019, we had the opportunity to see bitcoin below $10k but today, the price is 4 times the that price and if you want to use your money to buy bitcoin, you have to wait for the price to 2x before you can make profit from bitcoin, I'm not sure if you have the courage to wait for that to happen.

My second concern is that savings. Don't use your savings to buy bitcoin because emergency situation might come later when you will need money and you will be tempted to sell your bitcoin and most likely, if you are not lucky it will be sold at loss which means you didn't achieve anything and you also wasted your time and emotion watching the price. Look for money you might not need back quickly, the you can invest in bitcoin.

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Quote from: Stepstowealth on February 08, 2024, 01:07:17 PM

I am sure that OP is not telling lies about him being a student, but he is just not truthful about this post, and since you have been able to hold him by what he posted before @rikaflip it shows that OP is not even well aware of this forum, that every user has a personal profile where there is a history of all the posts they have made. OP seems stuck to me on ideas on how to create a good topic, so he is just leveraging on his position as a student to get pitiful merits.

Investment in bitcoins is not age restricted, and at any level where you can really understand what bitcoins is, and how it can benefit you if you invest and keep it safe, then you are okay to invest even if you are a student or not.

It seems that he didn't realize the previous essay can also be seen Cheesy

But regardless of whether the two posts are lies or not i don't really care about it because it is his own business, it's just unfortunate that things like this always happen.

But there is an important point that you made here and i partly agree with what you said in the matter of investment because for this investment it does not matter gender or age as long as there is a will in it then it can be done.
But on the other hand there are definitely some things that need to be considered even though age is not a barrier, there are still some situations that are not possible to do such as for children who are not yet mature so that investments made must be considered by adults in this case parents because after all this is an important situation when indeed someone who is still at school age allows them to do some conditions where the risks are not realized because they are still immature so even though they can invest but it must be accompanied by supervision from parents.

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Quote from: Rikafip on February 07, 2024, 12:43:00 AM

According to one of your earlier posts you already invested in bitcoin in the past but then had to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer. Wink

Quote from: Septex on December 01, 2023, 01:26:10 AM

At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks

I am sure that OP is not telling lies about him being a student, but he is just not truthful about this post, and since you have been able to hold him by what he posted before @rikaflip it shows that OP is not even well aware of this forum, that every user has a personal profile where there is a history of all the posts they have made. OP seems stuck to me on ideas on how to create a good topic, so he is just leveraging on his position as a student to get pitiful merits.

Investment in bitcoins is not age restricted, and at any level where you can really understand what bitcoins is, and how it can benefit you if you invest and keep it safe, then you are okay to invest even if you are a student or not.

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Quote from: Bobrox on February 07, 2024, 10:56:38 PM

Quote from: Ryu_Ar1 on February 07, 2024, 03:52:29 PM

As long as you are able to cope with your life then it does not matter if you eventually want to move your savings to bitcoin because it is still a pretty good situation in the end.But on the other hand in this case we also have to know about risk management and we must realize that the current life that is lived must be prioritized for the long term so think about what you think is best in this case.

Actually not bad ideas investing in bitcoin during have stable financial condition, but for student jus depend their income from their parent its little difficult how to manage saving money for bitcoin and their needed in the school. Many thing have been priority firstly than have to use saving money for investing in bitcoin exactly for student not had side job to make easy for spending their money to buy bitcoin.
I know bitcoin when my position had in college but get difficult financial not easy to purchase for investing in bitcoin and started reinvesting last several years ago.

This is where good financial management must be emphasized because no matter what for a student it will definitely be very difficult because the focus is only on studying and income only relies on parents for the monthly money they have so in this case it is important for OP to know that he must do a really mature calculation to be able to do that.

This can still be done but with a note that OP will definitely be a little hassle in managing finances if indeed he does not know exactly the needs he has to prepare in studying as well as other needs with the investment made but if in the end OP is able to set aside the money he has I think it will be very good because in the end things like this must be based on the belief that we can do it and we must emphasize that every week or every month we can buy bitcoin to be used as an investment regardless of the amount it doesn't matter in my opinion the most important thing is the strong desire first that must be emphasized.

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