Topic: A student investing in bitcoin? - page 8. (Read 1558 times)

Since you want to enter the field of digital currencies, especially Bitcoin, in light of the rapid changes occurring in the market, where everyone has become dependent on crypto,
If you have information and you are working hard to obtain a reasonable amount of money to invest, why not take this step if you have the determination and the means...but first you must understand this field more and read everything about it so that you do not make a mistake in your decision.
We have the same idea, you and I, and I do my researchs always trying to understand again and again this is my goal at the moment, and I hope it will be achieved like everyone else’s goals. I always read the comments and noticed that there are veterans in this group. I think they can help with their experience

All these years you have heard about bitcoin, but were hesitant to learn more and in depth about it, and now you feel that you missed out on possible benefits.

But it doesn't give you peace. And you certainly want the same?

Oh, this thirst for enrichment, but bitcoin is not only a profitable investment instrument, but something more.

If you want to know how it works, welcome to the appropriate section - Bitcoin Technical Support

This is your life, your money and only your risks. I can tell you to invest in bitcoin (as most here will say), but this recommendation will not affect me at all (no consequences), but the consequences will definitely affect you. It is only unknown whether it will be in a positive or negative way. But I assure you, investing in bitcoin changes everyone's life.

Stop making up stories, there is no sensible reason for doing that, you may have forgotten that you had said in an earlier post that you invested some money into BTC, now you are here again saying the same thing. This is a BTC community and it is exciting for the forum when newbies buy their first BTC, but you don't have to lie in order to impress the community and probably earn some merits. Try again when you actually buy some BTC's for yourself.

I'm happy that op is doing well, working as a teacher while studying at a university. Bitcoin is an interesting investment, but, as any investment, it involves a risk. Nobody can know for sure for how long Bitcoin will continue growing or how expensive it can get. So if you have a small amount per month you can spare on Bitcoin, of course you can try it. But only invest what you can afford to lose because you don't know how things will turn out for Bitcoin. Also, learn about non-custodial wallets and keeping your money safe, both from hackers and from your own forgetfulness and losing access to your money.

You should have learned about investing in 2019, when you first got to know Bitcoin, meaning you have matured yourself for 5 years now in everything related to Bitcoin, investment, trading and so on.

But it's not a problem if you continue to deepen your knowledge of investing in Bitcoin from your friends, you must first learn about the current developments in Bitcoin from various sources of information, I'm sure you will be successful in investing.

op is going to be the best decision of your life It will be the best decision of your life if you invest in Bitcoin. That's because Bitcoin is risky. If we keep in mind and invest in Bitcoin well, we will surely profit from Bitcoin. When it comes to Bitcoin investment you must keep in mind that you must have a long-term plan and must be patient in investing in Bitcoin after checking the market. If you don't have enough knowledge about Bitcoin market then you won't get much success with Bitcoin investment. Patience is very important in this case, you must be patient and invest long term to get success from Bitcoin. If you want to invest your savings in bitcoins you can do it no problem.

You should invest, yes, but only the funds and money you can afford to lose. If that savings is very important to you and you are saving it for something else or material things for the future, then better not use it. But it depends on you. If you can take the risk, then you can push through, but make sure you can handle the effects of investing in bitcoin. It's not always white in bitcoin, and you will come to the point where you will surrender as you can't handle the stress and anxiety that bitcoin investment can give. You could hold, but make sure that you've entered the market at the right time or brought bitcoin at the right price. Anyway, good luck! I think you could get more advice and opinions from other users here. Take the risk if you can, but if you know yourself better, then you are the one who could answer your question.

This is doable if you know what you are doing, as a student you should be more serious with your studies, and since this is on your front you shouldn't be bored investing in Bitcoin, I would have think about my graduation 🎓 while investing in Bitcoin, saying that by the time I am through with my education I would have gathered some good amount of Bitcoin, it's a good dream.

Do not rush, if you can squeeze yourself for some part time job it will help you so much, but it depends on if there is enough time and space for that, if not, do not worry, keep accumulating Bitcoin only if you have the spare money, don't get greedy, don't invest money for your education purposes.

Don't starve yourself because of Bitcoin, it will affect you in future, invest only what comes as a spare money into Bitcoin and have your mind set on the future, not today but tomorrow, it's not too late to start.

The OP was online after a few users called him out, so I'm guessing he has probably seen their replies. This topic looks like the usual newbie-ranked accounts trying to accumulate merit by describing how they started their involvement with Bitcoin, which sometimes works if done correctly and in detail. There's nothing wrong with trying to acquire merit, but at least, get your facts straight and don't contradict yourself; lying about it won't get you far, and your so-called story isn't a detailed or interesting one either to attract merit.

I don't want to sound harsh, but at least try to be honest about it and put in a little more effort.

There are many people who heard about Bitcoin during its early existence, but for one or two reasons, they did not bother to learn about it to know the purpose for which it was created. But for some people who are ignorant, they just follow some people blindly, thinking Bitcoin is operating like other Ponzi schemes, and they may be scams. But I am happy for you that you have thought wisely to learn about Bitcoin now because there are some people who have been hearing of it for over 8 years but never take the time to know why it was created.


If the money you want to invest isn't something you'll need right away, it might be a good idea to put it into Bitcoin. But if it's money you might need soon, it's probably not a good idea to invest it in Bitcoin because the price can go up and down a lot, which means you might not be able to sell it for a high price when you need the money, it even very possible to sell less than money you invest. It's only a good idea to invest your extra money in Bitcoin so you can able to keep it for a long time and wait for it to make a profit. That's because holding onto Bitcoin for a long time is the best way to make a lot of money from it, especially when there are halving periods that happen and cause the price to go up Bitcoin.

Don't take any rush decision upon investing on bitcoin since it needs proper study so that you can earn success here but also you need to know the risk so that you will not expect to get a passive income since usually this is what those scammers will offer to you and they insert in your mind that its easy to earn by investing on what they offer.

So before investing on bitcoin what I can suggest is to read a lot of helpful article here also try to find a reliable group of people tackles this discussion with no scam intention so that you can find a support group that can help you grow in this industry. Although its rare for a newbie to find a good circle but consistency of seeking information about crypto for sure you can find these good people that can inspire you to work more better on bitcoin and crypto investment.

It is your choice and your choice alone my friend, just know how much you are making, the bills you pay and the remaining amount left with you. Then you can know whether you are financially buoyant enough to have excess, not to talk of investing in Bitcoin. Maybe you didn't ask this question very well here, maybe you wanted to ask if that investment in Bitcoin could boost your financial freedom to the point of having excess that will easily pay for your university and others.

Well, I will advise you not to dare it, Bitcoin as any investment, it's good to risk only the money you can afford to lose in it. Bitcoin may not be well-aligning with your plans when you need the return, that might be the time that it might be falling. It is designed for HODLers majorly, and they are such that buy and keep it for a long-term investment. If you can wait, it can be a wise idea but you must be well informed about the coin as well to avoid cutting your expectations short.

But if it is for immediate needs, I will just advise you to avoid that.

Investing in Bitcoin is not a bad idea but certain things should be in place before Investing. First, you need to have a foundational knowledge of how it works. If your friends benefited from Investing in the coin, you have to ask them how they made profits. Second, don't think only about the profit you should also consider the risk and how long it will take for you to start making profit.

Bitcoin is more profitable when it is seen as a long-term investment which means you should be able to keep your coin for four years and above. For you to achieve this.it is important to have an emergency fund that will take care of unforeseen events. Putting all your savings into Bitcoin might not be the best option because you might be forced to sell your hodling if you have an emergency. Ensure you have a backup fund before investing all you have in Bitcoin.

You must be let known that Bitcoin is not a get rich quick Invest so that you don't have your savings spent on the investment and hoping it would provide you with the finances to support your education.
Bitcoin has a fluctuating potentials meaning the value rates are not stable neither does it only keep accelerating appreciating but it also fluctuates by the biased side as the Pros and Cons.
But if you can find your way to invest and stil stay fitted to beat your educational finance demands then it is a good choice of you coming into the inventory technology of Bitcoin which definitely would have you the chances of getting rich but yet dear, your patient to hodl for a long time is essentially necessary if you must be on the safe side of making profits in this Bitcoin journey. It would be a more proefficient credits if you can keep accumulating at your stipulated basis.

The main question here is how much a student can afford to save to buy Bitcoin. I remember my student years, of course I tried to earn extra money and save something, but it would have been a very meager investment and my thinking was very far from what it is now. Such an understanding of investing was very distant for me and without any experience in financial management. It is also worth thinking about how much Bitcoin can grow from the current price, and what profit this will bring to the student with his meager budget.

 It seems you are seeking permission to invest in Bitcoin with your student savings and I'd suggest you first understand that Bitcoin is not a get rich quick scheme that the moment you start, you'd begin raking in profits; know that it's a volatile coin and as such has it's risks. There's a possibility that when you enter the game it won't be rosy and instead of profits, you get losses and this might make you impatient and want to pull out. It's best to invest with what you can afford to lose. As a student, get other means of income so you won't always be monitoring your holdings.
For me, you tend to enjoy your Bitcoin when you don't be in a hurry to sell off.

---

Sometimes too, it helps to be straightforward. Try not to confuse yourself simply because you want to gain cheap popularity or want enough comments on your thread. You've been called out on this attitude, what do you think that tells of you, Op?

It is good to invest I bitcoin because it is profitable but you really need to understand bitcoin before you can get profit from it. If you invest bitcoin without you learning to have understanding how profit is gotten you may end up loosing everything. Bitcoin does not make people to be rich, you shouldn't expect to make money from bitcoin as a normal source of income. When people have a mindset like this concerning bitcoin it normally don't make the investment to be profitable.

I will advice you not to just rush to make investment in bitcoin,  first try your best to understand bitcoin well first. Bitcoin is volatile which it is good  when it is a longterm investment.  And if you are investing in Bitcoin it doesn't necessarily mean it must be with all your savings,  you just need to make up your mind in making good decisions when you are to invest bitcoin.  It is important for you to invest with the amount you can afford to lose and not with all your savings because if you do, you will surely need back your money so soon because you will depend on it.

Of course you can invest your savings in Bitcoin but in that case you need to adopt some strategy. It is not enough to invest, but you must adopt different investment strategies to keep the investment. Buying Bitcoins requires you to gain experience with the market. But keep in mind that you can never break even as the market ups and downs may result in loss of your investment. If you find it difficult to invest at once then you can continue investing by adopting the DCA method. Always remember one thing in life only if you can take risk you will be successful if you don't take risk you will never be successful.

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.

Yes you can invest in Bitcoin.  Because the price of Bitcoin is increasing day by day.  If you buy some bitcoins then you will get good profit at one time.  I think you should buy and hold bitcoin.  Bitcoin price will increase as time goes by.In this case, if you buy bitcoins, you will get a good profit at one time.So you need to do some investment in bitcoins in which you will get good profit if you hold for a long time.