I talked to my classmate, and he said I could learn about it on my own because there's a lot of information out there. That's how I ended up finding this forum. So, here's what I want to know: Is it a good idea if I use the money I've saved up from 3 years of my trust fund to buy Bitcoin?
Let me ask you some question:
Have you researched Bitcoin?
Are you willing to wait for a long time for your investment?
Do you think you won't be shaken if the price of Bitcoin plummets?
Are you here because you think Bitcoin can make you rich in a short span of time?
If you have researched Bitcoin then I believe you know that Bitcoin is highly volatile. It can surge anytime and can plummet anytime. Don't believe in people that say Bitcoin can make you rich with a small amount of investment. This part of Bitcoin history had already passed and Bitcoin get-rich scheme is now just a story of the past. You can still get profit but don't think that it can bring you 100x or more in a very short time. You have to be very patient to achieve those but be aware that it might not happen.
If you are here because you think Bitcoin is a get-rich-quick scheme then you are wrong and I am afraid you will get disappointed. Bitcoin investment is a marathon, not a sprint.
If after knowing that Bitcoin is not getting rich quick scheme and still you wanted to invest then it is best to set your selling price and stick with it. Also learn about Bitcoin price cycles it will help you a lot in your future Bitcoin trades.