I am talking about my own country bitcoin is illegal in my country yet we are secretly using bitcoin and have invested long term. Storing Bitcoin in fiat money is much more profitable than depositing it in a bank. And in the last 4 months about two to three banks have gone bankrupt and thousands of people have faced loss of money. So it is better to invest in bitcoins instead of depositing fiat money. Although there is risk in Bitcoin but less and (the money deposited in the bank is completely exhausted if the bank goes bankrupt) so buy in Bitcoin without taking extra risk. Compared to bank interest, 30% to 40% more profit in Bitcoin is possible and true.
Topic: Investing in Bitcoin in Student Life - page 7. (Read 2939 times)
I don't see any loss in investment if you are a long term investor you can only loss when you invest to solve the immediate needs of your life. Investing as a student is very good idea. So that before you finish school at least you have gathered some bitcoin to start up life. The only risk in investment which I know is custodian wallet. If you store your bitcoins on a custodian wallet, and the wallet got compromised then you coins are gone. So use a non custodian wallet.
I completely agree with you. Some people are putting their trust in crypto even though it is still relatively new, which is a very bad decisions. He must understand that when he invests in cryptocurrency, particularly in trading, he is more likely to lose money. Some of us here lost a significant amount of money before they became profitable. If you just want to hold Bitcoin, a non-custodial wallet is preferable to an exchange because it is more secure. Even if you use 2fa in the exchange to add more security. If the exchange or a custodial wallet compromised there is chance all of your holdings will be lost.
Bitcoin has gained significant attention and popularity in recent years as a decentralized digital currency. Although it carries the risk of volatility and uncertainty. Investing in Bitcoin can be an attractive opportunity for any student who has the ability to cope with the financial crisis during his/her student life. Students can provide valuable insight into the world of finance and technology by investing in Bitcoin. By researching and understanding the fundamentals of Bitcoin before investing in Bitcoin, invest responsibly by monitoring market trends and practicing investment strategies. Decentralized digital currency Bitcoin always carries risk as it can fluctuate greatly. A student can take a risk management and thorough research decision in his life before investing in the crypto market.
I don't see any loss in investment if you are a long term investor you can only loss when you invest to solve the immediate needs of your life. Investing as a student is very good idea. So that before you finish school at least you have gathered some bitcoin to start up life. The only risk in investment which I know is custodian wallet. If you store your bitcoins on a custodian wallet, and the wallet got compromised then you coins are gone. So use a non custodian wallet.
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.
You already have a pretty good strategy. however, I also suggest keeping a few percent of your earnings as savings. That's because we can never know what will happen to the price of bitcoin, and we don't know when it will actually go up. to minimize the risk, you should also save so you have spare cash. this is so that when you have an urgent need, you don't sell bitcoins that you have stored for a long time. However, the strategy you're implementing is good enough as a first step in investing. 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.
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.
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 invested in Bitcoin when I was a student in 2016, and I suggest you do the same, as the return on investment in Bitcoin is much higher than any other form of investment. However, for that, you have to wait patiently to maximize your profit. As far as the banking crises are concerned, many banks in the USA are on the verge of collapse, and analysts are predicting that these crises will become more and more severe. So it is a good idea to have your investment in Bitcoin in your custody.
Many countries' governments have not legalized Bitcoin yet. But even if Bitcoin is not legalized, Bitcoin is used in almost all countries. Bitcoin has gained massive influence. Many people have become self-sufficient by investing in Bitcoin. Although there are risks in investing, people are now interested in investing instead of saving in banks because of good returns. I love Bitcoin so much because of the potential for good returns on investing in Bitcoin.
Bitcoin indeed is making waves, even in regions lacking formal acknowledgement. This shows not only its tenacity but also the revolutionary prowess of this tech. Regardless of governmental recognition, folks globally grasp Bitcoin's worth, using it as an inflation shield and wealth building tool.Sure, Bitcoin investment carries risk, as with any venture. Market swings may be daunting, but they are part and parcel of the crypto dynamism. We're witnessing a tectonic shift as more people turn to Bitcoin for wealth protection and growth, shunning traditional bank savings.
Kudos for your Bitcoin voyage. Its a leap towards our fiscal tomorrow, and every Bitcoin backer is part of this exhilarating transition.
The popularity of Bitcoin has increased beyond belief. Bitcoin is still illegal in many countries. But I hope the government of the countries where it is still illegal will legalize it soon. Just as there is a demand for Bitcoin, there are many benefits to be enjoyed through Bitcoin. .I think Bitcoin has changed my life.
It's awesome that your friend introduced you to Bitcoin a year ago, and you've been digging into its history ever since. Learning about how to earn from Bitcoin is a smart move, and you're right that investing comes with risks but can also lead to profits. It's impressive that you're saving from your tuition earnings despite being from a poor family. Investing your savings in Bitcoin for the long term sounds like a solid plan.
As for choosing Bitcoin over traditional banks, I feel you. Trust in banks has taken a hit lately, and many people are exploring alternative options. Just remember, both Bitcoin and banks have their pros and cons, so it's essential to find the right balance and diversify your investments.
Keep doing your research, stay on top of the market trends, and don't hesitate to seek advice from experts or seasoned investors. Wishing you the best of luck on your Bitcoin investment journey!
As for choosing Bitcoin over traditional banks, I feel you. Trust in banks has taken a hit lately, and many people are exploring alternative options. Just remember, both Bitcoin and banks have their pros and cons, so it's essential to find the right balance and diversify your investments.
Keep doing your research, stay on top of the market trends, and don't hesitate to seek advice from experts or seasoned investors. Wishing you the best of luck on your Bitcoin investment journey!
Many countries' governments have not legalized Bitcoin yet. But even if Bitcoin is not legalized, Bitcoin is used in almost all countries. Bitcoin has gained massive influence. Many people have become self-sufficient by investing in Bitcoin. Although there are risks in investing, people are now interested in investing instead of saving in banks because of good returns. I love Bitcoin so much because of the potential for good returns on investing in Bitcoin.
For sure, that is also the reason why people loved Bitcoin because of the potential profit that you'll be gaining from investing in it, and there are still a few who love it as a payment method because they really use it to transact goods and other stuff. Even for myself, that is really my purpose in holding it because it may change my life, and it has really helped me financially in life. Though Bitcoin is illegal in the country, you are committing illegal activities and it is kind of dangerous, but again, no one can stop us from using it.
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.
Where are you holding your investments ? In custodial wallet or in a non custodial wallet? Anyway best wishes for your Bitcoin Investment. Bitcoin isn't also fully safe as an investment because it's volatile and if someone enter in bull market then they may see a dump when starts bear market. So we must have some analysis to make a good entry. And I will not suggest to invest in Bitcoin all of your assets because it's risky too.
You said that Banks aren't safe fully but if you use a non custodial wallet it's more unsafe because you must know about this line "Not Your Keys , Not Your Coins".
Many countries' governments have not legalized Bitcoin yet. But even if Bitcoin is not legalized, Bitcoin is used in almost all countries. Bitcoin has gained massive influence. Many people have become self-sufficient by investing in Bitcoin. Although there are risks in investing, people are now interested in investing instead of saving in banks because of good returns. I love Bitcoin so much because of the potential for good returns on investing in Bitcoin.
An intriguing possibility could be investing in Bitcoin during student life. Student life is a time to learn and lay a solid foundation for the future, this time can be very exciting when investing in Bitcoin. As a student, financial responsibilities and priorities may differ from those of investors. However, it is very important to recognize that investing in Bitcoin always carries risks and can lead to volatility and unexpected results. This is why students should prioritize building a strong financial foundation for their education and living expenses before investing. As investment always carries risk hence investment should be done after thorough research about the market otherwise it can have a very negative impact on the student's life.
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.
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.
The problem with BTC investment is the legal status of cryptocurrency in your country. However, cryptocurrency legal status may vary: if any action with crypto is banned (even having an account), then I think such investment is not a good idea. And if only crypto to fiat exchange is illegal, then it would be useful to have some btc, since it can turn to legal asset some time later. Also, it's better to lower the percent of money invested: 100% of all the spare money is too much and too risky.
Yeah, it’s better to save your money in bitcoin than saving in your traditional banks
However, the risks involved makes it look more like gambling 😒
You can buy a bitcoin of $2000 today and in the next 2yrs, it turns to $200, that’s $1800 loss
But such thing cannot happen in a traditional banking system
The only difference is your bitcoin has a very high tendency to rise over the years making you have more money by doing basically nothing
But still, it’s a two-way thing, you may lose your money, you may make more money still
Goodluck anyways
However, the risks involved makes it look more like gambling 😒
You can buy a bitcoin of $2000 today and in the next 2yrs, it turns to $200, that’s $1800 loss
But such thing cannot happen in a traditional banking system
The only difference is your bitcoin has a very high tendency to rise over the years making you have more money by doing basically nothing
But still, it’s a two-way thing, you may lose your money, you may make more money still
Goodluck anyways
I don't really get if it favoured you but let's say it did and you smile to the bank do your thing, your happy right?
Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.
To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
If you can work during your student years without compromising your studies, then I only support such an initiative. If during your studies you can save some funds and invest them in order to increase them, then this will be a very good bonus for you, since young people rarely think about this at such a young age. They believe that you need to live for pleasure while you are young, and we will think about money when we grow up, but this is not a very good attitude, because after receiving a higher education, you will have to study at the school of life, learn to earn money, invest, this will still have to will learn.Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.
To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
Responsible investment can be a priceless lesson for students, offering insights into real-world finances and global economics' complexities. This isn't about splitting loyalties, but honing multitasking skills and learning responsibility management. Bitcoin opens up avenues to decode economic mysteries.
But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.
Since Bitcoin is still illegal in your country and you having in mind to invest in such currency which is risky turns your investment to be double at risk, because Bitcoin investment turns out to be both ways.
You can either earn from it or lose your invested assets. But since you are not in a hurry to sell off, and as a student you want to be saving some of your money it's better of you invest in Bitcoin that actually keeping it in your Bank account. You will just have to choose a good means of making your investment that you wont end up implicating your self in your country, look for a better P2P platforms which won't require you use KYC but will allow you buy crypto without trade back to you.
I don't really get if it favoured you but let's say it did and you smile to the bank do your thing, your happy right?
Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.
To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
If you can work during your student years without compromising your studies, then I only support such an initiative. If during your studies you can save some funds and invest them in order to increase them, then this will be a very good bonus for you, since young people rarely think about this at such a young age. They believe that you need to live for pleasure while you are young, and we will think about money when we grow up, but this is not a very good attitude, because after receiving a higher education, you will have to study at the school of life, learn to earn money, invest, this will still have to will learn. Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.
To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
My first investment in bitcoin at my students life it’s really true and today still now i,m waiting for my big bag profit and when remembering my old passed days than i,m very upset about selling my little amount of bitcoin,if today can hold my all oldest btc than i can gain already, my first bitcoin investment at 2015-2016 it’s really Golden days.
I don't really get if it favoured you but let's say it did and you smile to the bank do your thing, your happy right?
Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.
To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
even though it is legalized and the government will not be responsible for anything that happens, then bitcoiners must be able to bear their own risks, therefore it was once a haven for fraudsters in the crypto world, because there really is no definite law. and of course it will be a way out for other crimes of officials. therefore because it is growing rapidly to date, it is necessary to teach children so far, so that later they can keep up with technological developments, in order to face their future
Scammers will always be in the crypto space regardless of how well you educate your kids and whoever they are about the potential to be scammed. I hope everyone is careful with anything suspicious online especially when they regularly use social media. Sensitive matters should not be posted publicly including the amount of your assets in the main wallet, it only invites more attempts by scammers to possess your assets.It is true that users must take full responsibility for the assets they own. Safety advice must be heeded and they must not be ignored to minimize the risk of loss. Avoid more bad internet surfing especially on sites that contain lots of advertisements, some of which will very likely be able to harm you.
Fraudsters are currently carrying out a lot of variety and effort so that no matter how much we protect ourselves and our families, things like this will still be possible to target ourselves, so as the initial point about vigilance really must be continued.
Sometimes fraud is actually easier to do when we are indeed too careless about the actions taken, so it is important for us to continue to protect ourselves from all situations because we might also be being targeted at this time.
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