Topic: Is it a good idea to drop out from college and invest in Crypto Currencies? (Read 2011 times)

tomorrow i have exam in my collage i need to focus on my books but its opposite  i am focusing  on earning BITCOINS  :p

right now will be the time to take a 20,000 grand loan and but shit loads of btc, then when thhey go to 900 again sell them off and pay back ur loan.  Tada u made urself free bitcoins

Whatever you do today is important, because you are trading your life for it.
Ill leave the rest open to you

old thread but still a bad idea

set your priorities straight

1.college
2.money

because if you fail in crypto you'll have a degree you can rely on, if you do it the other way around you might end up completely screwed

the safe way is the best way

I am an bitcoin fan,but i think finishing the college is the best investment you can do for your future!

V.bad idea.

If you're going to do this prepare to that maybe you'll be working at mcdonalds soon..

Terrible idea

You can drop out college if you have already considerable investment let say it is in millions. if just few thousand just don't.

No complete your studies and you can invest in crytos along with your college what's so big deal in that !! If you are not able to pay  th fee then ask for loan 

That's a big negative ghost rider.  You should slap yourself for considering it.

Bitcoin investment is looking like a long term strategy for me at the moment. I know I wouldn't be able to live day to day just by investig bitcoins. The market is too static at the moment IMO. It could all change but could go either way remember. Too risky!

I'm one of the not-so-few people holding onto my coins until they're worth a million each (Dec 2014)

Note: Please don't leave college based on my amazing foresight

Very bad idea to drop out of school just to invest in crypto currencies.  What would you do instead?  Just watch charts instead of going to class and furthering your education?

No, it isn't. But brilliant insult there, well done. I commend you for your wit and originality.

Is English your first language? My sentence inherently implies that those who do have a or many degrees can in fact be unintelligent sheep.

Are you assuming people with degrees cannot be unintelligent sheep?

I don't see how saying this helps your argument, especially considering that using the term "unintelligent sheep" would go further in characterizing those without degrees/diplomas than those who do have one (or many).

Unfortunately unintelligent sheep are dime a dozen though.


Of course there are certain situations where qualifications are a must. I wouldn't want a brain surgeon to operate on me who's only qualification was that he's read wikipedia's page on brain surgery and reckons he can pull it off lol.

yes it is

The importance of university training depends on your field of study and desired employment. There are some fields where a degree is mandated by law (law, medicine). There are other fields where a degree is not so important if you are willing to put in the work, like entrepeneurial business or programming. I am in the chemistry field, the most efficient way to get the knowledge and experience you need to work as a chemist is to attend a university. You could spend the money to build yourself your own lab to learn chemistry and study out of textbooks, but it is simply much more cost effective to pay the tuition to get access to the university facilities.

The company where I work, a while back (like, he retired decades ago) there was a man who started as a janitor and worked his way up to be the top research scientist, but that is very rare and would not even be possible with the company's current hiring standards. The only people who get hired as research scientists are people with PhDs in the relevant field, and for the core RnD group there is a list of 30 Universities which we hire from. If you got a PhD from a school that is not on the list, too bad, go do a post-doc and come back to us in a couple years.

Same. One of my best mates has two degrees and is earning around 20k a year. One of my other mates has hardly any basic qualifications and works in a bacon factory and makes roughly the same.

I like BTC and all, but I'm horrified how some people got so much into the whole crypto thing that they advise to give it priority over much more stable investments in life like education.

Depends on a lot of variables. I've got mates with masters degrees stacking shelves in a supermarket yet a few other people I know left school at 16 and run their own businesses on 6 figure salaries. Really depends on the type of person you are and what course you're studying. Personally wouldn't invest everything in cryptos, nobody knows how the governments will react to them in the future.

Of course there are quite a few natural entrepreneurs who have no formal business training. I greatly admire Richard Branson and he definitely falls within that category. Keep in mind that statistically, these naturally-gifted business people are not a dime a dozen.

Anyways, the op knows my position by now... Hopefully he'll be able to make an educated decision concerning his dilemma!

That's actually a bad decision. Investing in Bitcoin is nothing like investing in your future with a college education. The two should never collide, and, if they do, the latter needs priority.

Do they do degrees in Bullshit? lol. Even degrees like Business Studies can be worth little. A lot of true entrepreneurs wont even have basic qualifications but do pretty fucking good for themselves. I could name you quite a lot of world famous business people who don't have qualifications or very little. I'd like to see some jumped up uni boy who thinks they know more about business than these people.

Then enjoy writing "badass skill level" in your CVs, what can I say.


Well, if you pick a bullshit degree to begin with, results may vary, obviously.

A degree is essentially just like fiat; just a bit of paper.

Id stay in college,bitcoin is untrsutable,you may lose a lot.

Is it? What are you basing this on? What amount of possibilities would you get with a degree/diploma on the History of Knitting that you only just scraped by on? I know plenty of people with degrees in crap like 'Classics' and 'Women's Studies' and other such bullshit and now they can't get a job and are brutally in debt.

you have no experience, from my experience! doors open once you are at badass skill level, no matter what, for example you would recieve honorory phd oficial doctor papers, once you are saving fucking lives right and left, so your point is not valid

Potentially yes, cryptos could offer a couple of Plan Bs.

But that amount of Plan Bs is inferior to the amount you'd have with a degree/diploma.

If the potential medical student's goal was simply to aid people in need and had no qualms about living it rough in Africa, then I agree with you. But then again, doing that will also limit his or her options if he/she wants to return stateside to practice instead of spending their lives in Africa (or wherever there's such an incredible shortage of doctors that they'll take almost anyone who has "experience"). In order to return stateside and make a living, they'd need the formal education... Bringing us right back to square one. That medical degree can let you work anywhere you want. I agree that if your goal was to go to Africa just to help others (i.e. not being paid for it), there are much more efficient ways to use your time, in addition to the degree not being free itself. But without the degree... Some doors will simply be closed.

It's as simple as that. Yes, there's a way... But the way you describe diminishes options. The whole point of a degree/diploma is to enable options that wouldn't otherwise be available to you.

Well that's the choice he made. Trading cryptos might offer you a couple of Plan Bs too.

Your best bet is to take your parents credit cards, rack up as much as you can with mining gear.  Hide out til you make a profit then pay them back with interest and live life like a king.

Personally, I've had a lot more bang from technical schools than college. Once you have a degree a lot
of places would let you work there "because you won't be happy". BS! I just want to pay my freakin'
bills! I don't care if I'm cleaning toilets or hauling garbage. If it pays the bills, who cares? There are
definitely negatives with graduating. So, my point is to get trained in something as a backup, but you
don't have to spend $100K on college to make it.

haha, not expecting finance argument in bitcoin forum , but i get your point, just lets change it to better example like medical school, because if you not medical student you are not legally allowed to practice on people so you need go to some wild countries if you want practice operating people without studies.

So medical studies do have this obvious advantage, but now lets look at efficiency. Medical student will spend many years doing bullshit, like latin, memorising lots of information he will forget after test etc., while guy who starts operating animals at home and then says fuckit i need some real shit and goes into chaos, that being going to africa to operate people(who will be very happy to get any medical attention in many places), he will accumulate shitload of heavyduty practice and experience of different country and different life in same time and will be the doctor who u will want to operate you, not that dry student who was mostly just watching his senior doctor do shit.

And then what do you do if your living was to trade cryptos? I don't want to sound like a dick, but still... For the op, a diploma can most likely offer you a couple of Plan B's that don't suck as much if you didn't have a diploma in the first place.

Not if you cash out before that happens.

If they are not around in the future then investing in them now would be a horrible idea.

Study and spend your free time investing with any spare money you can afford to lose. Dropping out for BTC isn't a good idea.

You can't say for sure that all these coins or cryptocurrencies will be around for certain in the future.

finish the college,then do whatever you want

cryptocurrencies aren't going anywhere but if you drop out it's going to be hard coming back later..

you dont have to go to college to learn.  invest in crypto 

If you decide to do this, I guess college wasn't a ideal solution for you.  You are supposed to get smarter...

It really depends what year you are in. If it is just the first year you can consider

Not only is this a good idea, it's a brilliant idea

Sounds like one of the worst decisions you could possibly make

The other thing to consider is if you would even be able to do any investing in BTC? If you barely have enough money to attend college, then how would you survive off of investing? It takes a large amount of capital to live off the profits from investing, where are you getting that kind of capital?

I do not think this is a good idea at all. A key rule to investing is if it payed off would you be happy (Obviously) but if it failed would you be happy (Not at all). I do not think you should drop out of collage and invest in BTC. Perhaps trying to get a job and finishing up collage would be a better idea for now.
-AM

This is true and all good advice. We need more details, but only you know what's best for you. The stress or no money an d not being able to afford college might not be worth the hassle; but at the same time maybe the opposite is true and you should persevere.

OP: what are you studying in college? Some career paths require a degree more than others. If you want to be a business owner, then you need money and drive, not a diploma. If you want to be a programmer, college degrees might not do as much good as just sitting down and learning it yourself. But if you want to be an accountant or chemist or engineer or doctor or lawyer, nobody will hire you without the relevant degree.

Dropping out of college to do something else is a double-edged sword. You could win big eventually, or you can lose and then have no money and no qualification, but you don't necessarily need qualifications to get ahead in life, just drive and determination.  And as above said, why not do both? Work really hard and invest some money in coins whilst you study; maybe it'll pay off or maybe it wont. It's risky either way but only you can decide. You can always go back to college later right?

I agree that traditional education is severely lacking for those heading into creative professions. Nonetheless, doing a course to gain the necessary knowledge (with a diploma/degree or not) to accomplish what you want to do (let's say you want to become a VFX compositing artist) definitely wouldn't hurt. The point is, you can indeed be self-taught in anything you want, but it's not always the right path to take.

For example, if the op wants a career in finance, without some form of diploma/degree/certification, he could be shit out of luck.

All in all, I find that education can definitely open a lot of doors that could otherwise be shut. On the flip side, NOT having a degree/diploma could very well close certain doors that may be desired by certain people. So to answer your question, to me a decent future is one where I am able to choose which options I want and which I may not want. If you consider three years of college education a "waste of time" since you're missing out on "life" for those three years, that's your prerogative. Others might take those 3 years, get a formal education and "live life" at an even more rewarding and higher level than you.

A life with no education might cater greatly to some due to the more numerous opportunities to "live life" as it were, but it's not the kind of life that's recommended for the majority (98%+) of people.

But that's just me.

im serious! as much as it is possible be serious in words. what you consider decent future? being dumb? even with money? only good life messure is the brain power, because with brain power you can make everything else, education these days = get a paper which will convince hiring companies that you are good slave(as in you will cope with bullshit well), for any position which do not require slave labour, like anything creative only factor is what you can do and your past work(portfolio), if you focus on your education basicaly means you giving up on life.

To some, college does represent unexpected chaos. While I do agree that getting "real life experience" should either be part of one's education or take center stage before starting a serious career, I don't think it should come at the expense of a formal education, should one be able to pay for it. I agree that falling flat on your nose in life is necessary to advance and round out your life, but it shouldn't come at the expense of something that can help guarantee at least a decent future.

If your post was meant to be completely sarcastic with a hint of irony, carry on!

Why not do both?

Have you considered transferring to a cheaper college?

Do some work on the side and ask to be paid in bitcoins?

I don't think investing in BTC should take up all your time, what would you be doing with yourself the rest of the time?

Do what you want. No one can decide what you would like to do personally, just remember investing always has big risks and you will have to monitor the market very closely. If you enjoy college then you can always do both.

such notions are complete nonsense! if you want invest in your future you get brain power!!!! best way to get brain power is to throw oneself into unexpected chaos!!! the main reason why most people are not getting nothing good out of it, is cause when they go into chaos they panic and just try desperate to get out, that is not how to do it! once you make a step from rigid robotic instruction life, to a normal human life you should aproach it do or die way and then you will see trough bullshit and your life will reach perfection as much as it is humanly possible!

i totaly encourage you!!!!!! droping out of collage is always a good thing wether you will invest in something or not!!!! ofc easy for me to speak im hardcore wild motherfucker!!! join the homeless tribe www.homelesstribe.com !!

Finish college, plain and simple. That's an investment in your future, as corny as it sounds. It's worth more than short term financial gains.

If all else fails, at least you'll have a diploma when trying to find a job. It'll help you get through the door more than typing "invested in crypto currencies" in your CV.

Yeah bro totally, no. Sure the market isn't going to go anywhere any time soon especially but for you to try to wait for significant fluctuations or another big climb just to sustain your means of living it could be your demise. I see investing as something you do with money you can afford to. Ultimately you're going to make the decision yourself, but I have to advise you not to go crazy and dump your life into a market.

No, I don't think it's a good idea to invest anything more than you can afford losing it all. If paying college fees are already hard for you, I don't think investing is a good idea for you. Maybe finish the diploma first and then find a job and invest 1/10 of you salary to bitcoin?

Yeah, I'm in sort of a dilemma. I'm having a hard time paying the college fees and I plan to drop out and invest in BTC.