Topic: Investing in Bitcoin in Student Life - page 8. (Read 2936 times)

Some countries do not consider bitcoin as a legal currency for making payments, but the government does not prohibit its people from investing in bitcoin as happened in my country.

In fact every crypto trading exchange has got permission from our government but we just can't make payments in real life because that would be against the constitution and you might get arrested.

Btw we are back to the topic where the op mentioned that he has been completely convinced to invest in bitcoin for a long time and I think it is a pretty good choice to invest in bitcoin.  because bitcoin has a sizable return roi in the coming years because the supply is only 21 million bitcoin.

The problem with this is that if the government is really hunting those people who are using bitcoin, which is pretty scary, but if it is just sort of an announcement and doesn't have a law, then there are no effects on OP as he still continues to invest in it, as there are really countries where Bitcoin is illegal; it is like a drug and prohibiting people from having it, but again, the government can't stop people from using it as they still continue to buy and hold bitcoin but they are just quiet on it so that they will not be recognized.

You may come to this time and regret the things you have done in the past. I want to tell you that there is no point in regretting the past. Instead of regretting the past, learn from the mistakes you have made in the past and learn what you should have done in the past. Hopefully you've figured out your mistakes so you plan to hold onto your Bitcoin investment for a long time. And you hope to get good returns on your investment if you hold it for a long time. 

I also believe if you can hold your investment for a long period of time you will definitely get more than expected profit from your investment. 
I have a small suggestion for you, log out of the account where you have your investments for a long time, because when the price of Bitcoin increases a bit, you may think to sell the investments and log out of the account for a certain period of time. You might not feel that way if you did.

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.

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

I think this doesn't affect him too much, because a lot of people here are in countries that still don't legalize Bitcoin, but in fact they still insist on doing it, determination and effort are needed here, and in general we are more interested in investing than saving everything in bank, because at least we get a little return from the investment results later.

Plus even if they legalized Bitcoin, it's system are decentralized which make too hard for the government to control and regulate since there's some people who do some illegal stuff in Bitcoin, even criminals. Some country tried to put some taxes in crypto due to they found out that people are earning a lot more than an average person job. Still they failed so i think it's one of the reason for them to not legalized it which is too hard for them to manipulate. Legal or not they couldn't even stop people to explore something that they think it's great for them. Do your thing and do your own research.

Most countries have not legalized Bitcoin but Bitcoin is now transacted in most countries. The government of a country is faced with various problems such as opposition party or public opinion etc. Today, even knowing the benefits of Bitcoin, the government is being given an illegal title. Even if the government legalizes Bitcoin in some countries, the opposition parties there can use it as their political weapon. There are various issues where the government has to understand. So personally I think it is better to raise individual awareness. No one else will ever take the decision to change your destiny, you have to take it yourself. To keep yourself financially independent and secure , I think there is no alternative to Bitcoin holdings.

In fact, there are many cases here like you, that they live in a country that until now has not provided access to permits for Bitcoin / Bitcoin is still illegal, but they just maintain their consistent belief and attitude towards Bitcoin because basically they know about goodness. as well as the satisfaction they will get from Bitcoin, so far for me Bitcoin is still way ahead of me than I have to put some of my money in the bank.

I agree with you and think that we have very good idea that being a student we plane to involve in some kind of trades. Trading in student life can be an interesting and potentially rewarding experience, but it's important to approach it with cautions. As a student, you may have limited financial resources/ money or capital, you can start your trade with similar little value coins and make a good profit. At last, remember that trading is not a guaranteed way to make money, and losses are possible, but it’s advisable to seek guidance from experienced traders and do your homework complete before involving in Bitcoin or any other crypto currencies.

You do the right thing mate, i will also do the same if i am in your part, i will choose bitcoin than putting all my money in the bank, bitcoin is risky we cant deny it but it is also more profitable if we are lucky and after we invest it will rise drastically, it is depend on our luck many people uses banks but they are not so happy with the return because it is very small, because bank is a business the bank earn big from our money.

I agree with all of what you had said Etranger, but sometimes just a few words can make a difference in terms of how you are thinking about how guaranteed any kind of an asset class might perform or continue to perform, and surely sometimes we might not even exactly agree about how to describe its historical performance.

So look at my change to your wording.  You said "it will still exceed the growth of traditional assets" and I think that a better way to say almost the same thing is: "it will still has decent good chances to exceed the growth of traditional assets."

Maybe I am quibbling about words.. and surely there are a variety of ways to say similar things but NOT necessarily describe the future (or better performance of bitcoin) as if it were guaranteed, even though bitcoin still seems to be amongst the best of asset classes that is widely available to everyone.. if not the very best.

Another thing that I would continue to highlight is that bitcoin continues to have an unfair advantage to be an asset class that is very early in its growth, and so therefore accordingly, it has way greater chances to outperform mature asset classes because bitcoin is likely to continue to pick up greater and greater adoption and network effects.

Surely none of us who are investing into bitcoin should feel that it is not fair to other assets to have to compete with bitcoin because bitcoin has an unfair advantage because it remains so small (and likely still quite less than 1% of world-wide adoption), yet one of the advantages of having asymmetric information is being able to profit from such information.  Everyone can study bitcoin and figure it out, but a lot of people continue to poo poo it, and a lot of other people continue to believe the nonsense and the misinformation of those people who are ongoingly poo-pooing bitcoin and naysaying it.  Those kinds of dynamics likely continue to keep bitcoin under priced, and a lot of room for growth and those of us who are continuing to be able to appreciate and recognize bitcoin's value can continue to buy bitcoin and continue to feel a certain amount of comfort that we are getting a good deal no matter what the price that we buy and even though for sure there still can be a lot more periods in which BTC's price continues to get driven down in spite of its ongoingly strong fundamentals in terms of what it is providing to the world, what is likely to continue to provide and the fact that there is not really any evidence that bitcoin is broken in any way or that its investment thesis is getting weaker rather than getting stronger with the passage of time (aka Lindy Effect).


The decision that we have right at this moment is what are we going to do?  how much are we going to allocate to bitcoin, and how are we going to go about accumulating bitcoin, if that is what we decide to do.

A couple of the best ways to accumulate bitcoin is DCA on a regular basis, such as once a week, and I tend to recommend $100 per week if you can, but if you can only do $10 per week or a smaller amount (such as $10 per month like OP seems to be doing), then do what you can.

Whining doe not really help anyone, including yourself - unless you somehow believe BTC is at a top or some kind of nonsense like that... which does not seem to be the case.. but yeah, anything could happen, so even if you invest now, you could still end up losing everything... so in that sense, there might be some need to study the matter if yo are not sure.. but you can also study the bitcoin matter and invest at the same time, and perhaps just choose a smaller amount to invest, if you happen to be uncertain about bitcoin as an investment.. it is ultimately up to each one of us to figure out our finances, our psychology and then figure out a plan that we can act upon that is greater than merely whining about past mistakes and past "could have beens".. which hardly mean anything.. we all have "could have beens" and it is likely annoying to hear anyone complaining about "could have beens" unless perhaps maybe they are coupling their whining with actual actions at the same time that they are whining about the "poor widdo me" matters.   

We cannot turn back the hand of time, there is one thing which I have learnt about life, to take our our past experience as something that's preparing us for the greater opportunity ahead, regret is one things most times I don't like doing, so you regretting that you sold off your Bitcoin on the earliest stage before the bull run is actually something anyone can do, but let me ask this question, if everyone who bought, mined and hold alot of Bitcoin hold it all off without selling till now do you think Bitcoin adoption will be outreach the way it has right now. And another thing their is that you were actually not informed or you have a very little believe regarding what the price of Bitcoin might turns out to be in times to come. And at the very moment when you sold your Bitcoin the price and the funds gotten could have actually solved a pressing need.
That being said, regret something is one thing I see as suppressor, like it might actually hold you down from achieving something things which you could have, because you have really moved passed your past which you call a mistake.

This is exactly what I'm talking about. Bitcoin has performed much better during its existence than any fiat currency, real estate or stocks during the same period of time. That is why investing in bitcoin is an obvious advantage for me, even though its price has increased tenfold compared to what it was 6-9 years ago. For example, I did not have the opportunity to buy it then, because I was still a teenager without my own money, but now I have this opportunity. And even though I can't buy a whole bitcoin, but only rather small parts of it, I remain confident that both historical data and fundamental analysis indicate its further growth. Yes, it may not be as huge growth as at the stage of its inception, but it will still exceed the growth of traditional assets. Both in absolute numbers and in time. And the investor should appreciate not only the potential profit, but also the inherent waiting time for this profit, since the shorter it is, the faster he will be able to reinvest these funds, thus increasing the total capital.

Actually, for a way of explaining things like that, it is possible for it to happen, but of course we also cannot let go of aspects from the point of view of greed, which has always been a real problem for us as humans.
There are many methods and ways that can be done only when our thoughts seem to always be simple and we don't want things to be troublesome which makes it a little complicated to do. the problem that often occurs today is when there are still many people who are minimally literate about bitcoin itself which makes them actually have the wrong approach, although indeed in this case there are several conditions that do make them come to conclusions which they think are good but of course when thinking about things that make you rich instantly and just sticking to the belief in bitcoin that if you are in bitcoin you will get rich without having some other aspects such as deeper learning about bitcoin then of course this will also be a little dangerous in my opinion.

Especially when it comes to shitcoins, which is precisely what will make them falter, in the end this will also be a bit complicated because it returns to the beginning, when greed and thoughts about getting rich instantly are always there, rationality will disappear because it is covered with ambition. and want their goals to be achieved quickly.

I quite like the comparison about it is better to build in investments than gamblers but on the other hand for conditions when it is instantaneous without more learning about bitcoin this is what makes them go in the wrong direction so mostly especially for beginners who really don't have further knowledge instead trapped in a moment that we call gambling in a shitcoin that only uses pump and dump.

Well you cannot turn back the clock.. so hopefully you would learn some lessons from your having had sold too many of your 2015/2016 coins too soon.

Many people make those kinds of mistakes, yet they continue to fail/refuse to learn from their mistakes.. which seems to be what you are continuing to do by continuing to regret rather than figuring out some kind of a reasonable/prudent BTC accumulation plan and sticking with it for years and years rather than fucking around with a bad mindset, which includes selling too much too soon.. but still ongoingly failing/refusing to fix your seemingly ongoing mindset mistake.   .. which may well have to do with your ongoing continuing to consider bitcoin in terms of its dollar value rather than figuring out some kind of way to accumulate sats.. in order that 5-10 years down the road you are not making the same kinds of regretful statements in regards to your failure/refusal to act (and learn something) rather than to whine about your past bygones.


There is no "best" or "perfect" time to accumulate bitcoin, but instead it is better to get the fuck started and stop pondering largely dumbass/lame/inferior ideas about "best" or "perfect" timing of BTC buy attempts.


Seems that OP knows way more than you in regards to this investment.

Who gives any shits about pondering how to terminate an investment.  There are a lot of uncertainties when anyone chooses to invest in an asset long term, such as 4-10 years or longer... and OP even mentioned that he might want to exit in 2025 when he considers that the BTC price might be $100k...

Personally, I don't have any problem with ongoing contemplation of ways in which we might have various ways that we can liquidate some or all of our investment (including something like BTC); however, if we know that those kinds of possible liquidation avenues remain available, there is no reason that we have to specify any kind of a termination plan.. especially if we consider that there are decently likely odds that bitcoin is still going to be around (and likely have good chances of continuing to build and prosper) for years and years and years down the road..

And, sure there are possible downside scenarios, including that BTC might go to zero, and in those kinds of considerations, we might want to consider how much that we are investing into BTC and if we are willing to potentially ride it down in the event that various going to zero scenarios could end up playing out.. including attempting to realistically assign odds to such going to zero scenarios.. that are not non-zero... even though they may also be pretty damned low.. relatively speaking and relative to other investment and also relative to upside scenarios that also likely need to be considered whenever we might be considering any asset class, including bitcoin and including bitcoin's seemingly great asymmetric upside scenario nature... if not only great, bitcoin may well be close to one of the best asymmetric bets available to all people, if not the best.


Why not both?

Have  you ever heard that people can do more than one thing at a time? and even think about more than one thing at a time?


What is "crypto"?

Op said that he was buying bitcoin and interested in bitcoin, he did not say anything about crypto.. so what are you talking about?

Also, how do you know regarding any repenting that anyone might have merely because they are focusing on more than one thing?

I do agree with the idea that sometimes we have to be careful in terms of diluting our interest and we also need to be able to focus, but your blanket negative nancy assertion about OP's proposed plan seems to be that you yourself are not able to focus.. because you seem to not even know what the fuck OP was talking about in terms of his talking about bitcoin..

Maybe if you rewrite your post, and use the word "bitcoin" rather than "crypto", then perhaps it might help you to focus your own thoughts a wee bit moar better in order that we might be able to better understand the extent or possible importance of your criticism of OP's plan, if you have any kind of possible valid criticism that might exist once you clarify what it is that you are suggesting that you might be concerned about.


You think that's how it works?  How do you know that OP is lacking in focus?  How do you know that "studies" would be a better focus for OP?  Are you thinking about any particular area of study that might be worthy of OP's focus, besides bitcoin?

Also, money earning potential?  Do you consider bitcoin to ONLY be about money?  Do you consider that higher level education will "always" lead to better jobs? better pay?  How about other reasons that people might go to college?  Are there any reasons that people might go to college besides being able to earn more money?  

As a student your focus should be on studies and not on crypto because

1) There is age for everything. If you compromise studies for crypto, you will repent it later.

2) If you focus on studies, you can earn more and spend that money to acquire more crypto.

As a student, it's good to be forward-thinking. However, you need to be careful since Bitcoin is not acceptable in your country.
Before subsequent investment,  I will suggest that you do your research very well and don't just rely solely on other people's results because it is very important to know when to terminate an investment.

It's a good sign that you deeply think about future from now, while at that time most young boys are careless, but anyway it's pretty awesome that you select Bitcoin for holding your assets value rather than any other fiat, as everyone know Bitcoin is future and everyone who trust take a risk and invest will get significant profits, also thier assests will not lose value too,
Everyone has different mindset but I think due to volatility no one can predict the future price of Bitcoin correctly so the best things is you just wait for perfect time as accumulate Bitcoin as much as possible.

Yeh after Ancident of Silicone valley bank most of people avoid to trust banks anymore, because in case of ancident with bank you will only got few percentage of your funds from government which is totally unacceptable..

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.