Topic: Bitcoin as a Replacement for a College Savings Plan - page 2. (Read 387 times)

I also think so, even in my own country, quite a lot of companies are no longer setting a bachelor's degree as a condition for entering their company, they prioritize experience and even relationships, now for young people, I hope not to be wasteful in living their lives, there are many temptations out there, such as buying luxury vehicles - expensive smartphones - expensive snacks, try investing in important assets such as cryptocurrencies, especially bitcoin.
Currently the competition is getting tighter, no one will wait for you and no one will care deeply about you when you are in trouble, so always plan your life in long term terms, don't let you as a fresh graduate not be able to find a way. to make money and also save for the future. Bitcoin is the best investment right now, even with capital of $ 10, buy slowly with the DCA method (highly recommended)

This sounds good, Apparently I also noticed that there are some corporate companies abroad that doesn't mind whether you have a bachelors degree or none, They only look about your experiences and skills. However, here in our country, they are strict when it comes to job description and requirements, Even those small time job like convenience store cashier needs a college degree diploma, funny right? That's why many people here wants to work outside this country because of poor job system. But for me, Having a degree is one if the most important thing to me and to my parents. We can cut those traditional mutual funds because you can save up for that, and you can earn when you invest some of your money in bitcoin because definitely by that time, the value of your investment will surely increase but that's a risky act, because we have no guarantee what will gonna happen in bitcoin by that time, So I think it's better for now to at least divide it in mutual funds and crypto investment, what do you think?

This is why i dont really believe much if ever this one would really be removed in terms about job qualifications on which if college degree holder wont really be that necessary then job requirements wont really be that hard
as people would really be able to have the chance on applying for a job which it doesnt really need up that requirement. It does have its pro's but usually it would really be having that kind of negative thing. Why?
It would really be something that making people getting hired without much intellect or knowledge on which we know that it might be not a solid indication or requirement but we could really be able to tell
the difference when it comes to this. We do know that hiring that having those educational background is much more better rather to those who dont have.

Im not discriminating to those who hadnt been able to finish their college but there would really be that a significant difference in between. Speaking about College savings plan then i could say that its considerable
but its not something that you could really be having that an assurance comparing into those traditional ways of saving funds. It do falls down on someones choice and preference
in the end of the day on which they do seem that they could be able to fit out.

Where have you found companies that haven't asked for college degrees? I just heard it the first time. They must ask for an educational certificate based on your job position. I don't believe that without an educational degree, you can get a job. Thanks to God, I am doing freelancing where I don't need any educational certificates. However, Bitcoin savings are always good if you can afford them. It must be for a long time if you like the DCA strategy or like traditional weekly or monthly investments from your savings. At the end of your life, when you retire, your Bitcoin savings will be substantial.

The problem now is that this may not be possible in my country because no matter what kind of job is offered, an academic degree is still one of the mandatory requirements for competence regardless of whether it is needed or not, but in the end, experience will lose out to the academic standardisation that has been determined until now.

Providing a reference to try to do DCA gradually and provide understanding for those who are still in the age of education about bitcoin is actually still very good, it's just that it also needs to be seen from the country or region that is occupied because in the end this is also important actually considering that in some areas bitcoin is still a taboo thing and even seems prohibited from being talked about explicitly.

The risk is always there when you are thinking saving on bitcoin and suddenly, bitcoin price drops heavily that you won't think it will recover anymore. In order to lessen the risk, I suggest you go on saving both in bitcoin and in traditional mutual fund, that way is safer than go all in with bitcoin. But I certainly agree that in the next possible years, college degree might not be a major requirement anymore since everyone can be the best asset in a company most especially if he has the knowledge and skills that the company is looking for.

You can still go and finish your college degree but that's only an individual's choice already, not actually a requirement to successfully land a good and stable job.

I've also had thoughts about whether going to college is really useful for me personally, and I have to be honest it's worth it for the things I get to experience, for my generation, to have a real degree. It makes a lot of sense to apply for a job, but I also realize that in recent years the training system has really had problems when the quality of expertise in all fields almost requires training from the beginning. The irony is that some parents still use old thinking about work to impose on their children. It's really a matter of future orientation, not against everyone, but I used to thinking of studying for a doctorate in law just to use as a mousepad. Yes, people can see that as a goal but the way I answer is that going to school is not about those tangible results, it's about applicability to life.

I also very much support the application of blockchain technology in life, but in fact it still needs a professional training place rather than self-research, maybe developing information technology skills, or other fields in the financial and economic sector... perhaps the fact that we already knew about it before will give us a more positive view. Even now I can't talk much about bitcoin with my relatives, sometimes just a few stories about children's curiosity, but most people are still quite vague about bitcoin, so I understand that this field has many changes but it is still very new and full of potential.

I agree that college degrees are still important and will always be. Yes, with the advance of the internet, it may be easier for some to advance themselves without going to college, but it cannot be applied in all sectors. You can learn programming yourself and have a portfolio to prove it, but with finances or social occupations, it's a whole different story that cannot easily be proved with previous work. Not that a college degree necessarily shows your knowledge, but it shows that you've managed to obtain the degree.

Would I use Bitcoin to create a college fund? Not sure; its volatility isn't something that provides security in the event of such a serious matter as attending college. Although it may have a positive effect on price, it can also go wrong, and the moment you need the money, you may not have it, or its value might have suffered a lot and would be a loss to exchange at that point.

Maybe you can combine both by DCAing with smaller amounts of money on Bitcoin.

I like this idea and companies should not need to look at a person's qualities based on their diploma but rather how job requirements can be seen from their individual skills. But unfortunately there are many countries that still consider a diploma to be a mandatory requirement for applying for a job, thus limiting people who have not studied to work in the corporate sector they want.

It's even better when someone can prepare a much more productive investment while working at the company they want because if both can be run simultaneously it will be much better. At a minimum, money from work can be used to fulfill daily needs and the rest can be placed in bitcoin investments, for example. If necessary, we can run both simultaneously and that will be useful in the long term.

  Maybe it's good if you're young to prepare for your child's college fees first, even if it's in elementary school or senior high. Of course, you'll also depend on the salary you have as a parent or how much you allocate for your child's school expenses.

  Because, of course, he's going to college, we don't know how much the Bitcoin price value of the crypto you save in this field is. And that also depends on the course your child chooses because there are courses that are expensive, such as law, medicine, and others.

Whether you need higher education or not depends on what sort of job you expect to have in the future and what kind of country you live in. In my country, higher education is highly accessible because it's public, so free for tons of people. But not having any kind of higher education is a major problem if you want an intellectual job. You don't need to have specific education, usually, but it's good to have a higher education diploma because it shows that you are capable of learning new stuff, you are organized enough to meet deadlines, you have at least some soft if not hard skills. I think most intellectual job descriptions require it.
Bitcoin can be good for savings, I think, but obtaining higher education might still be important.

In other countries, a bachelor's degree may still be required and is a requirement to be accepted for work. Many companies still require a bachelor's degree, and many people are queuing to apply for these jobs. And even though the savings plan for achieving a bachelor's degree has been eliminated, they still need savings. At least to prepare for other urgent matters.

Besides still having savings, they can save their money through Bitcoin. That will give them the opportunity to have investments at a young age. And parents who care about their children's future will prepare savings in the form of a wallet for their Bitcoin. They are also still trying to save for their children's school fees.

After the children grow up, finish college, and achieve a bachelor's degree, they can use the Bitcoin in their wallet to open a business or do whatever they want. It is better to have two savings containing fiat money and Bitcoin to back up.

You can learn at college, university, get a degree, find a job and work for money or work for Bitcoin directly.

There are many jobs in cryptocurrency and if you have skills in graphic design, marketing, community management, business development and technical skills for customer support, you can find jobs.

Cryptocurrency job list

I disagree because education is key to have a solid life and can help you to go through hardest time in your life. Nowadays, with open source, Internet, free courses, you can learn even without paying any fee. You don't have to go to college to learn but learning is very important.

In my country a diploma is still required to apply for office jobs and if you are not one with a bachelor's degree then work in companies only in the security sector and other freelance jobs. Honestly, I prefer companies that look at skills rather than college degrees because those who have a diploma do not necessarily have skills and vice versa.

It really depends on where you put your money and if bitcoin is an option you want to pursue then I totally agree with that plan. If college is no longer necessary, perhaps preparing long-term savings in a much more productive method is really needed and maybe Bitcoin provides a way for anyone to achieve this. It is important to remember that knowledge about how to invest is the main thing that needs to be learned, both how to store assets in a safe place and how to buy bitcoin using several existing strategies.

A degree will continue to be a requirement for employment. But I usually advise young graduates not to rely on paper qualifications for employment opportunities. The global economy is ever changing and work roles are also evolving. People should ensure that they learn new skills that are highly needed in society. Currently, the artificial intelligence sector is influencing all manner of jobs, it will not be out of place for people to learn how to apply these AI tools in thier jobs to make it faster and cheaper.

Instead of keeping money in banks where there is a low interest rate and high inflation, investing in Bitcoin could be an option for many people. Most people prefer to Invest in others because Bitcoin is not the only investment platform. However, I will encourage anyone who cares to consider learning about Bitcoin and if they are comfortable, they could consider Investing in the sector.

I think most organisations are focusing on practical knowledge rather than academic qualifications. This is because most graduates are half-backed and cannot perform tasks assigned to them. There are even reports that certificates can be acquired with money. These days you don't even need a degree to work in the health sector, the recruiting firm will just subject applicants to intensive training and certify them within a few months. However, degrees and certificates will still be relevant for a long period.

Bitcoin investing instead of college savings? Indeed, bold action. Analyze it: hanging employment market requirements. Yes, many companies value talents above degrees. Education's function in career development is changing. Instead of academic schooling, focus on practical skills.

Bitcoin as a life savings plan. Here, I disagree. Bitcoin has grown rapidly, but its volatile. Not simply potential gains, but risk management. Could your kids be rich? Absolutely. Could they also lose big? Definitely. Any investment strategy needs diversification.

Additionally, the future of Bitcoin. Im bullish on Bitcoin. Its global monetary potential is clear. You're saving money and investing in the digital future with your strategy. I embrace Bitcoin, but optimism must be balanced with caution. Avoid overconfidence.

It's better if you calculate the college fees first, when your savings already met your plan, you can stop to save your money in mutual fund instead invest in Bitcoin. You could go like 80% in mutual fund and 20% in Bitcoin, depends on the strategy you'd prefer.

Imagine if your Bitcoin investment goes wrong, how will you handle the college fees? would you choose to not take college for your kids? what if your kids want to become a lawyer or other specialization jobs?

Because Bitcoin is volatile, it is very important to really understand it before deciding to invest in Bitcoin, because if we don't understand it well, of course we won't be able to get a profit from investing in Bitcoin.
If we get a bearish market situation, of course we have to hold on to the investments we make so that we can get a profit from these investments and if we need these funds for college, of course we will experience losses if we choose to take these funds.
Yes, this really depends on each person and also someone's understanding of Bitcoin to survive bearish market conditions, each person will use a method that they think is comfortable to save their money, either traditionally or investing in Bitcoin.

Obviously as bitcoin is a great investment, and everyone can do it, not just saving's plan for college but any that individuals wanted to save and grow their money. But it's not as easy as it sound as bitcoin is volatile.

There might be a time that as parent you see your investment and it's going down and you calculate that it might not be enough specially if we are in a bear market. So everything is about timing here and really depend on the individual. Also bitcoin investment is not going to replace those old and traditional way of people investing their money for the future of their family.

I doubt that companies would soon remove the college degree requirement, at least not here in my country. As a matter of fact, with jobs getting scarcer and scarcer and the number of jobless labor force getting higher and higher, it is a significant edge that you're a college graduate.

However, it is also true that many jobs nowadays are skill-based. I guess one has the option not to pursue a college degree for as long as he/she is determined to hone his/her skills to the level of an expert. That would, however, limit one's promotion opportunities.

But whether one decides to get a degree or not, Bitcoin is always the way to save.