Topic: Investing in Bitcoin in Student Life - page 11. (Read 2936 times)
If a student does not come from a financially strong family, it will be very difficult for him to save money while studying. Because nowadays education is also expensive. But there are some people who strive for their success to the extent that they focus on their goals despite the physical or human problem to reach them. Success will come to those who work hard, either it student life or career. If any student wants to invest in Bitcoin after putting his own studies aside, I would appreciate it. Today their financial situation may be worse but a certain period of time they will have a brighter future. I would like to suggest to the guys to follow DCA if possible and save as much as you can. Nowadays a days a student have various facilities they can do part time job along with his studies if he wants and he can reach his desired goal.
In my country, students do not have enough money to invest in bitcoins. They have a bank account but there is very limited cash there which is meant for taking care of there daily expenses. There is no culture of part time work here so they are dependent on parent income. Also, if the parents come to know about their investment in new options like crypto, they can scold them. So, first focus is to develop skills in college. If some time is left after college, they can do part time work to earn money. If there are savings, then they can invest some money in crypto.
So actually they can find an opportunity to invest in bitcoin, right?
I think that regardless of the country of residence, a person can find ways to invest in cryptocurrencies. Cryptocurrency in principle was created just to make it easier to bypass the various barriers and obstacles that national financial systems put up. So if a person is motivated and knowledgeable enough in this topic, he has a chance to join the pleiad of crypto investors.
In my country, students do not have enough money to invest in bitcoins. They have a bank account but there is very limited cash there which is meant for taking care of there daily expenses. There is no culture of part time work here so they are dependent on parent income. Also, if the parents come to know about their investment in new options like crypto, they can scold them. So, first focus is to develop skills in college. If some time is left after college, they can do part time work to earn money. If there are savings, then they can invest some money in crypto.
Snip
We are actually brainwashed by most people around saying that banks are a good institution when saving money. But never been told that they are just using our money for their sake of multiplying it and earning much than us. With the presence of bitcoin which incidentally is something new, it is clear that this will obviously be more watched too because indeed they are something new and this is a transition where one's belief is only half in this matter.
Therefore literacy is important because indeed it can support what we want more to convince ourselves of something. The problem is that for now literacy has been abandoned for everyone because of lazy habits that have gnawed which makes them only look for instant things like seeing news or anything that is related but things like this are easy to set up so that those who don't know anything about bitcoin and seeing the news that basically more bad conditions are highlighted about bitcoin then it is certain that their assumption will be bad about this.
A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025
But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.
Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.
I read your full post. I see you did well, you did invest your savings money on Bitcoin. It is great Because Bitcoin is best for investment. I think you will be huge profited from Bitcoin. And you tell about your analysis i am agree with you. I also think within 2025 Bitcoin will hit near about $100k. So i think this investment will give great return. And i also think Investment of Bitcoin is better than Bank deposit. But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.
Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.
Snip
We are actually brainwashed by most people around saying that banks are a good institution when saving money. But never been told that they are just using our money for their sake of multiplying it and earning much than us. @Op
Bitcoin investment during student life is very challenging. Because in the life where students are busy with studies, you are also busy with bitcoins. But it is better to keep some of your savings in Bitcoin because Bitcoin will help you to save money and Bitcoin investment will give you returns. Although we have a long bull run ahead of us, now is the perfect time to invest in Bitcoin (because I still wonder why people don't invest in Bitcoin). Although we have been going through a bear market for quite some time now it is a good time to invest, as Bitcoin price was around 31k a few days ago. I finally want to say that in this student life you have introduced good challenging by investing in Bitcoin.
Bitcoin investment during student life is very challenging. Because in the life where students are busy with studies, you are also busy with bitcoins. But it is better to keep some of your savings in Bitcoin because Bitcoin will help you to save money and Bitcoin investment will give you returns. Although we have a long bull run ahead of us, now is the perfect time to invest in Bitcoin (because I still wonder why people don't invest in Bitcoin). Although we have been going through a bear market for quite some time now it is a good time to invest, as Bitcoin price was around 31k a few days ago. I finally want to say that in this student life you have introduced good challenging by investing in Bitcoin.
It is really a good start for him, and we know that it is challenging while studying while at the same time learning bitcoin, but he still pursues it. I do have a lot of online friends that do this while they are still studying; they are investing in crypto or doing trading, and I would say that before, like, 5 years ago, those online friends of mine used bitcoin to really help them; they bought cars even though they were students, bought a house, and mostly it helped pay their own tuition.
Only a few would really be that mindful or be thinking about their future specially onto your college or school days on which most likely you wont really be minding up that much in speaking into this.
Investing on your student life is something that is really that challenging because we arent really that earning or having any source of income for us to save up and invest into something.
This is why we would really be molding up our own methods and ways for us to accumulate or investing Bitcoin into this kind of situation.
Yes, it wont really be that simple and very challenging but we know that on the time comes where you would be able to bear up the fruit of hardship and sacrifices that you had made specially on accumulating
Bitcoin despite of being a student. On the time that you would really be having your own work or finished up studies then this is where you would really be able to accumulate more
which is understandable but basing up on those early years or when you are still a student then it would really be a tough challenge to be made.
Because indeed during school or college, there will be a lot of studies that must be completed so it is very natural if someone does a little investment thinking while still in student status, but if someone already understands how investing is important, especially in bitcoin then his way of thinking is mature about the future he wants, this should be different where other people focus on their studies but he balances more between investing in bitcoin and also going to college instead it will be better and in whatever challenges they will live.Investing on your student life is something that is really that challenging because we arent really that earning or having any source of income for us to save up and invest into something.
This is why we would really be molding up our own methods and ways for us to accumulate or investing Bitcoin into this kind of situation.
Yes, it wont really be that simple and very challenging but we know that on the time comes where you would be able to bear up the fruit of hardship and sacrifices that you had made specially on accumulating
Bitcoin despite of being a student. On the time that you would really be having your own work or finished up studies then this is where you would really be able to accumulate more
which is understandable but basing up on those early years or when you are still a student then it would really be a tough challenge to be made.
We know that the average student does not generate income, but we do not know that some of them must have some of it, so when talking about investment, he is ready for what has been collected so far and then put in bitcoin as an investment in the next few years to get a decent profit.
I think now a student already has extensive knowledge on the internet how to make extra money, so he also needs to save in bitcoin if he already knows what bitcoin is, which has potential in the future.
Using part of your pocket money to invest in Bitcoin is good but you don't know what's waiting for you after a while, been a student plus an investor is not so easy, if you are not one of those students that finds means of making extra income you shouldn't invest in Bitcoin, because even if you do this and you have no other source of income, your investment plan won't last, hunger and needs won't make you remember that you want to become a millionaire with crypto. Crypto investments are best for those who have a job or good business that's fetching them good income.
I think that just the fact that he is a student and does not yet have a stable income makes him more motivated to study the cryptosphere and invest in bitcoin. People who feel confident at work are not very inclined to secure themselves or engage in any other extraneous activity, precisely because they have the support and expectation that the work will feed them. But those who are still in a rather unstable condition and do not yet have other equivalent alternatives can achieve great success in the cryptosphere. That is one of the reason why bitcoin is so popular in the countries with weak and unstable economy.
Many congratulations to you that you have succeeded in investing money in Bitcoin. You are a student who could not relate to this Bitcoin long ago. But you are currently with Bitcoin and have invested with faith and own some part of Bitcoin. You said saving some money from your earnings and investing it later has been really difficult for you. And you also said your family is middle class for which your family is from your earnings. For this you may be able to invest a small amount of your Bitcoin earnings but you continue to do so in the future. Of course you continue to invest bitcoins like this from your student life and wish you bright future life.
@Op
Bitcoin investment during student life is very challenging. Because in the life where students are busy with studies, you are also busy with bitcoins. But it is better to keep some of your savings in Bitcoin because Bitcoin will help you to save money and Bitcoin investment will give you returns. Although we have a long bull run ahead of us, now is the perfect time to invest in Bitcoin (because I still wonder why people don't invest in Bitcoin). Although we have been going through a bear market for quite some time now it is a good time to invest, as Bitcoin price was around 31k a few days ago. I finally want to say that in this student life you have introduced good challenging by investing in Bitcoin.
Bitcoin investment during student life is very challenging. Because in the life where students are busy with studies, you are also busy with bitcoins. But it is better to keep some of your savings in Bitcoin because Bitcoin will help you to save money and Bitcoin investment will give you returns. Although we have a long bull run ahead of us, now is the perfect time to invest in Bitcoin (because I still wonder why people don't invest in Bitcoin). Although we have been going through a bear market for quite some time now it is a good time to invest, as Bitcoin price was around 31k a few days ago. I finally want to say that in this student life you have introduced good challenging by investing in Bitcoin.
You seem to have a good head on your shoulders and have done your research in cryptocurrency before investing in it. But, do not also forget to take care of yourself. Do not be selfish with your needs and even wants, spend money if need be. Diversify your funds if you must, do not put all your eggs in one basket. It's good that you are optimistic in the coming bull run but be cautious, as well. Bitcoin is volatile and may not produce the results you've wanted. Continue to stay in school and kudos to you for supporting your family.
You are completely correct about diversifying money if the necessity arises; money is used in solving critical difficulties at any point in time, therefore we should always have it available. He deserves the recognition because it is not simple to train oneself in school while still offering assistance to the family. Investing in Bitcoin is a wise move, but he should keep in mind that bitcoin does not always go as anticipated. It is one of the projects that does obey volatility and liquidity, and we must be exceedingly cautious with it; no one would be happy if he or she made losses that would liquidate the portfolio. ....
Aside from the bitcoin investment, I think it's important for you now to have some savings. You probably won't need it now, but you may need it in the future for emergencies. Because your bitcoin investment doesn't always give a positive return, there will come a time when our portfolio loses, and we won't want to use it.
Aside from the bitcoin investment, I think it's important for you now to have some savings. You probably won't need it now, but you may need it in the future for emergencies. Because your bitcoin investment doesn't always give a positive return, there will come a time when our portfolio loses, and we won't want to use it.
I definitely agree with your statement.
Investing in BTC offers potentially high returns than investing in banks. Investing in banks offer relatively low interest rates as you need to have a huge capital in order to at least see the interest rates profit. BTC investing, on the other hand, has the potential of skyrocketing your investments in a shorter amount of time but this will depend on several factors that you have to be alert about.
As a student, it is important that you at least have two (2) platforms for investment as you diversify your investment portfolio. Though it may still be acceptable to focus on just one, diversifying is still recommended in order to get the maximum returns for long-term investment.
Using part of your pocket money to invest in Bitcoin is good but you don't know what's waiting for you after a while, been a student plus an investor is not so easy, if you are not one of those students that finds means of making extra income you shouldn't invest in Bitcoin, because even if you do this and you have no other source of income, your investment plan won't last, hunger and needs won't make you remember that you want to become a millionaire with crypto. Crypto investments are best for those who have a job or good business that's fetching them good income.
Even he doesn't have a savings account, I think it's more important than an investment for a student. what he needs to focus on now is learning, not investing. Moreover, everything has two sides, the investment can bring him a large amount of money if it succeeds, but on the contrary, it will distract him from his studies. if the market crashes suddenly like FTX did last year, he will probably panic and affect his studies.
Bitcoin reaching $100k soon is a speculation and don't forget bout that OP. Even if we're all believing that it shall come, from the point of view of someone who's new to the market, you shouldn't expect too much. We've done that in the past and it did break our expectations because it wasn't met. But for me, that's okay because I know that Bitcoin will certainly do better in the near future, and from time to time, we shall see how it's going to break its past ATHs. You being a student and optimistic and invested in bitcoin, keep it up. You'll never know how far investing in bitcoin will bring you even with those little amounts that you've. And as you've said that Bitcoin is illegal there, I hope that you'll do fine.
Investing needs you to believe on what you are investing, and good thing OP is very optimistic about the future of bitcoin. However, he should never fall easily believing on such speculations because that may force him to invest on the amount he cannot afford to lose, but I think $100k price for bitcoin is not an overstatement because that will eventually come years from now, we just don’t know the exact month and year. At least, OP is aware that bitcoin investment does not only bring profits but losses as well. That way, he would always invest with caution most especially that bitcoin is still illegal in their place. Investing on your student life is something that is really that challenging because we arent really that earning or having any source of income for us to save up and invest into something.
This is why we would really be molding up our own methods and ways for us to accumulate or investing Bitcoin into this kind of situation.
Yes, it wont really be that simple and very challenging but we know that on the time comes where you would be able to bear up the fruit of hardship and sacrifices that you had made specially on accumulating
Bitcoin despite of being a student. On the time that you would really be having your own work or finished up studies then this is where you would really be able to accumulate more
which is understandable but basing up on those early years or when you are still a student then it would really be a tough challenge to be made.
You seem to have a good head on your shoulders and have done your research in cryptocurrency before investing in it. But, do not also forget to take care of yourself. Do not be selfish with your needs and even wants, spend money if need be. Diversify your funds if you must, do not put all your eggs in one basket. It's good that you are optimistic in the coming bull run but be cautious, as well. Bitcoin is volatile and may not produce the results you've wanted. Continue to stay in school and kudos to you for supporting your family.
Keeping money in banks is just like you sitting down without doing anything, nothing will change if you don't make yourself useful, money in the bank price may remain the same after a year or two but the value at that time would have decreased. I love the fact that you save even from this age, that means your future will be better and brighter.
Bitcoin reaching $100k soon is a speculation and don't forget bout that OP. Even if we're all believing that it shall come, from the point of view of someone who's new to the market, you shouldn't expect too much. We've done that in the past and it did break our expectations because it wasn't met. But for me, that's okay because I know that Bitcoin will certainly do better in the near future, and from time to time, we shall see how it's going to break its past ATHs. You being a student and optimistic and invested in bitcoin, keep it up. You'll never know how far investing in bitcoin will bring you even with those little amounts that you've. And as you've said that Bitcoin is illegal there, I hope that you'll do fine.
Investing needs you to believe on what you are investing, and good thing OP is very optimistic about the future of bitcoin. However, he should never fall easily believing on such speculations because that may force him to invest on the amount he cannot afford to lose, but I think $100k price for bitcoin is not an overstatement because that will eventually come years from now, we just don’t know the exact month and year. At least, OP is aware that bitcoin investment does not only bring profits but losses as well. That way, he would always invest with caution most especially that bitcoin is still illegal in their place. 
Using part of your pocket money to invest in Bitcoin is good but you don't know what's waiting for you after a while, been a student plus an investor is not so easy, if you are not one of those students that finds means of making extra income you shouldn't invest in Bitcoin, because even if you do this and you have no other source of income, your investment plan won't last, hunger and needs won't make you remember that you want to become a millionaire with crypto. Crypto investments are best for those who have a job or good business that's fetching them good income.
If people decide to leave the bank and focus 100% on cryptocurrencies, it will be worse for us, not as good a thing as you are imagining. Do you think the government will let crypto kill the bank? So far, they are not too strict with crypto, but if it becomes a real threat, they will destroy it, don't forget the government is still the one that controls this world.
Although the bank is going through a period that is not worth our trust, we are still depending on and using it. How would you invest in bitcoin if you didn't have a bank account or fiat currency?
I think that is a dream and that's not going to happen and we are not going to end up with anything like this. I understand that it is not going to be something we could see in the future, and we can't really just leave banks suddenly whenever we want, that's not how it works at all and we should be all working towards something else. What is that? We need to achieve something that is a bit more towards what we can do with realistic situation and that would be a lot better.Although the bank is going through a period that is not worth our trust, we are still depending on and using it. How would you invest in bitcoin if you didn't have a bank account or fiat currency?
I understand that there is a situation where bitcoin and banks co-exist together and that's what we can do, that's the future we should be aiming at, because that's realistic. Imagine something like banks accepting bitcoin? That would be the ideal world that we could reach probably.
Jump to: