Topic: Investing in Bitcoin in Student Life (Read 2936 times)

Actually for this matter I can't argue anything because when I searched for some news related to this matter I didn't find anything other than the salary and monthly income that I have stated before and as for real life I am really blind because I don't really know about the conditions there and I also don't have friends or anything so I will still only focus on the data that I got before as a source of reference.
Because if I guessed it would also be very difficult for me because saying their income for tips like that I don't have any reference from it.

On the other hand, maybe investing is a very good thing but when looking at what you said by having a salary from tips of $1 or $2 I personally feel that there should be other considerations before investing.
Investment is something good but family and life needs must still be considered, it would be great if they take the time to set aside and invest but don't push it too much if we can't do it.


That's the point, but indeed in this case there are several other considerations where maybe the level of need is cheaper (depending on the area you live in) and you still have time to set aside a little of the remaining money from a month's needs to survive, but forcing yourself to invest half of it is too difficult .
At least he must be aware that in this case investing also requires perseverance and consistency, maybe for this month he can use that much money but in the following months can he still be consistent? it's better to reduce a little in terms of numbers so you don't feel burdened with existing investments.

There is no need to diversify within crypto... Bitcoin is the leading coin, and really the ONLY one with value.. so if there is some kind of need to diversify, or "not put all of your eggs in one basket," then it may well be o.k. to put value into a variety of other sectors, which might be property, equities (stocks), forms of cash/bonds, commodities (such as gold).. yet again, in these kinds of cases in which someone is ONLY investing $10 per month into bitcoin or even ONLY $100 per month, it may take a pretty long time before they are even into a position in which there is even any need to diversify... Let's say for example someone has a salary that is $40k per year, and they are investing $100 per week, after a year, they will have ONLY reached around 10% or perhaps 20% of their annual income into their investment, and surely at that point, maybe they might start to consider diversifying.. but I hardly think that it pays to diversify until you reach a certain threshold of investment portfolio size.. so some people might need $50k or so before they are starting to feel that they have too many eggs in one basket, and others might start to feel that way around $5k.. .. so there would be some individual variance, but if you are not a very rich person (such as you are poor) and you do not have very much experience investing, you do really help your situation by losing focus and diversifying for the mere sake of diversification.. that would be referred to as deworsification, not diversification.

So if we are a newbie to investing, and we have determined that bitcoin is a good investment, then we may well spend 4-10 years or longer just building our bitcoin investment and maybe the ONLY other asset that we have is cash.. and so we are balancing our cash and our bitcoin, and then after we get our bitcoin stash to a certain size then maybe sometime down the road we might want to take some out and put it into equities (stock), property, commodities.. but not necessarily any kind of need to fuck around with shitcoins.. unless there is something that might become apparent in terms of adding some value that might not be completely depending upon what is happening with bitcoin for its value.. and sure there could be some industries that might have some fundamental value that are in the altcoin/shitcoin space or somehow related to bitcoin and bitcoin development rather than directly buying bitcoin.


Fuck shitcoins... and the various distractions regarding whatever is meant by "crypto trading harsh seas" because there is really no need to trade.. but instead build a build a bitcoin position by buying (and holding) and it might take several years.. maybe even more than 10 years before starting to really feel comfortable and like a decent amount of value has been built and wealth creation has taken place.. and perhaps some of the wealth creation had come through BTC price appreciation that may well come through the years, even if there might be ups and downs along the way.. there seems to be hardly any reason to fuck around with trying to trade the various ups and downs along the way. instead of just consistently stacking, and generally it is not a good idea to try to get more bitcoin by selling.. rather than by ongoingly employing a variety of buying techniques such as lump sum buying, DCA and buying on dips.

Bitcoin has survived in the ever-changing crypto ecosystem. Its like the seasoned sports player who mentors the novices (meme currencies and altcoins).

True about not working long enough. Crypto investing is thrilling, but dont put all your eggs in one basket. Putting too much reliance in volatile crypto markets can stress you out.

You're cocky, which is OK. We have many ways to get around here. You should be pleased of reading and learning in this fast-changing industry. Consistency matters. It steers us through crypto trading's harsh seas

I'm not saying that investing in bitcoin in a banned country is without risk, but there is always a way to get around it, and that's not a big deal, IMO. When I first started investing in bitcoin, my country also banned bitcoin, but I never had a problem during that time. Now they lifted the ban after many years of embargo, and if I had followed them, I wouldn't be where I am today.

As I said, bitcoin is not a dangerous thing like drugs or terrorism, their ban is temporary, and we can keep investing in silence until they change the ban. If we obediently listen to them, we will miss out on a lot of things.

Investing in Bitcoin can be a huge possibility during student life. That requires a student to prioritize financial stability first. If he has money to invest after covering all his necessary expenses then he can definitely invest. But before investing, one must acquire full knowledge about Bitcoin.

Both short and long trading, it all depends on what we plan to achieve in the market. Bitcoin's stability is determined by market seasons, either bear or bull. Bitcoin investment is prominent, yet it does favor those who have a long-term project in bitcoin. We should be aware that bitcoin is not comparable other projects on the market, such as altcoins, which frequently pump and dump, and all of this can happen within a week. Bitcoin is my ultimate market target, and I'm continually monitoring bitcoin charts, looking for excellent entrances to trigger my spot trading.

As an English teacher, you should only teach your students as much as they need to, and teaching them beyond that may affect their major. 

English is a very important subject and while teaching this subject, if you discuss other topics with your students, it can have a bad effect on their understanding or learning the main topic. Since you have enough knowledge about Bitcoin, if a student expresses interest in learning about Bitcoin outside of class, you can give them information about Bitcoin, but I don't think there is any need to teach them in class.

Regardless of what your explanation regarding how good bitcoin is and how good the technology behind it, it doesn't change the fact that it's too risky, of having it on a non-bitcoin friendly country. It's always easier said than done. I awe how brave OP is but just like said, always do it in very cautious and secured way to not get detected of the authorities.

The decision to invest in bitcoin or any other altcoin really depends on how passive and risky each investor wants to be. DCA can be a reasonable strategy for the small investor because it helps to spread the risk and avoid buying at high prices or selling at low prices based on market volatility.

When investing in altcoins, especially shitcoins, you need to be more careful. It can offer short-term profits with very high risk, but it also has the potential to lose your entire investment in a short time.

With the stability of bitcoin lower than other currencies, however, it still has value and profitability in the long run. The assessment of the risks and benefits of investing in bitcoin is based on each person's financial situation and investment goals.

I have the opposite view of you, we should not let government be a barrier to our future. I know breaking the law and violating the state's regulations is not advisable because it is very risky. But bitcoin is not something as harmful as drugs or terrorism, they ban it just because they fear it, not because it endangers people. I am a law-abiding person, but in this case, I will not listen to them.
The government won't be responsible for our future, so we shouldn't do everything they say, we should choose what's best for us. OP's government bans bitcoin, but it doesn't mean they will ban it forever, so as long as OP is quietly investing, nothing serious will happen.

Exactly, bro risking his education if he get caught plus labeled as using crypto. I don't think it's advisable to use crypto in a country where it's banned. But what can I say, we people always find way to achieve what we really want despite of the regulations. But bro for me it would be stressful as I think of not getting caught plus investing is stressful as hell maybe my mental health won't last long. Just don't tell nobody even your friend, words can be easily spread plus the snitch.

I have part time job as teacher and try give educate for my children about Bitcoin or cryptocurrency investment although my subject as English teacher, I think is important how to give education for children exactly with bitcoin as investment assets in the future and they have understand both side from bitcoin investment between profit or loss. Some my student interested to know about bitcoin but some of them faced difficult with capital due coming from not rich family, but I have push them never give up with financial condition because investing in Bitcoin could start with lower amount. 

I am lucky in my country although Bitcoin have been legal although as investment assets only, I can manage well teach my student how understand well with bitcoin as investment assets in the future.

That's risky as hell. You will be labeled as criminal, will stop going to school, and will live in prison for years once you get caught.

But as long as you are doing it with precautions, i don't know what is it though since it will be limited on where you reside then you're good. Just don't assume investment is more like green movement because you will be disappointed.

The choice is of course there as long as it does not make you a criminal then it can still be done, it's just that maybe in this case when you are too visible then the risk will be greater.
When talking about students and investing, actually things like this refer to where you live, how you live and whether you live.
To invest in bitcoin anyone can do it regardless of race, gender ethnicity or even age strata. But sometimes other factors such as what country you live in and how you live are another story. Many students are still supported by their families starting from daily needs, eating and other needs all from parents, but not a few also when low economic factors make this a little different because children are required themselves to improve themselves by becoming makeshift students.
things like this become a reference because not all can invest here but that doesn't mean it can't be done by all students especially with their critical thinking I think that age is indeed very good for starting investments.
Sometimes the difference in fate becomes a real benchmark in this case but if there are students who impose their will by being in bitcoin investment with all its limitations, of course it deserves thumbs up.

That's the point, being in bitcoin will be far better than not being in bitcoin and that is something that seems real for now.
The classification you are talking about in this case may be more directed to something else when it is really sure of the investment made but indeed many do that even though it doesn't really make sense to me because even in this case investment is better but giving up work too early is actually a little problematic, even if it gets more profit than what we did with the previous investment still as long as it can still work I think why should it be released. At least for me personally, this kind of thing makes me a little arrogant, although it does go back to each perspective and the initial context in "all choices are in your hands".
btw thanks for your encouragement to provide a good thread and I will read it, I have read it but not everything and maybe there are some things that I will learn. One thing I applaud in your thread. CONSISTENCY

Yes, that's true, this must continue to be echoed so that students and young people have an interest in investing, especially investing in bitcoin, which can be started by introducing it to friends, relatives and family.
Even though this investment does not guarantee us success, starting investing from a young age will increase the possibility of becoming someone who is successful. And it's true that support from the closest people is really needed, when someone who is just starting their investment and experiences a loss, most of these beginners will be easily mentally affected. If they are not supported and accompanied, what happens when they experience a loss stops immediately. Or they are beginners who just understand the world of investment when they find difficulties they tend to back down and decide to stop.

The cost of living in a country is obviously different but this in this case makes it seem as if 50% for living costs in the sense of clothing, food and other unexpected needs and allocating another 50% to invest in bitcoin still I feel unbalanced.
It would be great to do with more, but again there are several other things that must be considered and of course for the case that @MarlinEli said is family.
I'm not against anyone being in bitcoin because it's a good choice but I mean in this case try to be a little more realistic because looking at the conditions it's possible that $20 is enough for him and his family for 1 month but there must be other conditions where there are several things that need to be considered such as unexpected needs for the month or maybe other urgent needs.
Imagine if that $20 is for one month's living expenses including unexpected needs, electricity and Internet costs is it really enough even maybe in a low country it might not be enough to eat.


Maybe this still makes sense if the needs are only for themselves because it can still be suppressed especially it depends on the conditions of how we can make ourselves more economical in running life and investing with something higher as done with half of the income he has indeed it is valid but in other cases as you said also in this case can it really be consistent? because basically if you do half of the income for a month it might still be done for the first month but is the next month also the same.
Do not let when we invest in bitcoin we are burdened with the investment we do because we set too high in this case.
Reducing a little will certainly be much more worth it even though the return will also definitely be less but why do it with very many conditions but we become forced and burdened by it.

Investing in bitcoin basically won't make you lose forever, I mean you just have to wait for the price to recover while holding your bitcoin. Your Bitcoin will not be lost as long as you are able to secure your wallet properly and you never sell it on a decline, that means you never lose even if the value has dropped.

Whether or not an investor loses depends on the knowledge, experience and what strategy they apply. If investors are able to hold onto bitcoin during a downturn and wait for a recovery, then surely they will get a return. Even those who buy on ATH still have a chance to recover their investment budget, but they have to be patient and accumulate bitcoins to speed up recovery.

Investors will lose money if they sell bitcoin on the downturn, but if they are able to survive and hold on to bitcoin long term I believe they have nothing to lose. The real loss is when they fail to take advantage of opportunities, the rest is up to other cases.

Actually for this matter, I think it doesn't matter whether you are a working person, old or still a child in student age when talking about Investment of course all must know the risk because it can be said as a basic capital so that we find out more about how this investment works.
This is not to be specialised to students only because all are like that. When we try to invest especially it is bitcoin, the most appropriate thing is to know the risks and what must be prepared starting from capital and asking yourself whether the investment we are running is purely of our own free will or indeed following others.
Even though things like this are basic but it is something important because with it we can have more responsibility for what we do especially this deals with the finances we have.

Investing in bitcoin is risky but when we know what we have to do and have a strategy that we think is best I think we will not lose that easily. it's just that many of us do fail but it's not the fault of bitcoin but we ourselves are sometimes wrong in steps that make us actually get losses such as selling when we are in a loss due to panic or sometimes have more thoughts just because they want something instant which in the end the path that has been very good in bitcoin has gradually changed direction to something that is not clear because they want something faster even though it is misleading.

You’re very right man! You just took the words outta my brain for real. It is necessary for you to have a savings my friend just as our legendary member has said. As we know, Bitcoin investment may not always yield positive results even when we try to predict it.
Invest safely