Topic: Maybe I should have taken this risk earlier. (Read 1159 times)

It's simple for people who experience this, they can patiently wait for the recovery period or if they implement a long-term strategy then this is not a big problem. I'm not talking about whether he is worth risking the amount of percentage he wants to take or not, but when he has no plans to meet the necessary educational study costs then it will end much worse when the price of bitcoin drops and he needs money to finance his studies at that time

He needs to make careful planning and must take into account the costs of the studies required before deciding to put his money completely into bitcoin. I'm not talking about whether he is worth risking the amount of percentage he wants to take or not, but when he has no plans to meet the necessary educational study costs then it will end much worse. When the price of bitcoin falls and he needs money to finance his studies at that time he will make the wrong decision and sell bitcoins to pay for his education.

There is no success without risk involved in it, but to what extent people can control these risks to avoid unnecessary losses. The concept does not only talk about risk but how he can minimize other needs as important needs, which in this case is the cost of his education.

Or you will buy Bitcoin now, and in a few months the price will drop to 20k and what will you do in this case? You won’t even have enough money to pay for your studies, these are unjustified risks.

You want to buy Bitcoin now to sell it when it reaches 40k, this is approximately +15% profit, but with your budget of $1500 it will be a little more than $200, is it worth risking this amount if we are talking about the money you need for studies? It seems to me that this is not worth doing. If you want, start saving your pocket money and buy Bitcoin, it will make everything much more reasonable.

You have a point that if he can earn his money, that's what he should use for investing. But there are people that are given money by their parents and they just want them to spend it wisely. Investing in Bitcoin is a wise thing for them instead of spending it on nonsense things. I agree about finding a job, part time and from there he'll be more responsible with his money and he'll take care more of it. And as he takes care of the money given to him, that's where he's going to learn how to take care of his earned money from any gig that he works for. Because if he sees how hard it is to earn money, he'd definitely think of what's best for his money whether it's given by his parents or earned.

The budget factor is very important in terms of investment, in other words it is a general requirement that every investor must prepare and not only that, as you said the most important thing is that we have to allocate money that you can be responsible for whatever the end result is, especially losses, none other than because it is true that there is no guarantee whatsoever for you to always make a profit in every session, nothing is certain and very difficult to predict. And therefore if you really want to start investing because you see it is quite profitable then you must really have money that will not be disturbed by other needs, do not use money that will be needed, especially in the near future, as is being discussed here someone who will allocate his college funds to invest, I really would not advise, even though your determination is quite good but the method you use is not right.

Therefore I hope that before you start investing you have to look from various sides first about the positive and negative sides that exist in the world of investment, you will not be able to ensure that there will always be profits because the market will not always be controlled. Don't always look at the opportunities that have occurred, but look at what the future potential of bitcoin will be like, it could be that when you take a price that is quite tempting at this time but in the next few months it turns out that the price has decreased significantly, then with that obviously you will be worried and a little afraid because the money you invest is for your educational needs. Therefore, however, you must be able to consider everything you want to do, especially those that have a level of risk in it. Agree, bitcoin absolutely does not promise big profits quickly, you will be able to get it when you are able to engage in the long term accompanied by excellent planning and management.

Base on the topic bitcoin came to this world as a surprise package and in the mist of Ponzi schemes so many people did not give attention early. And now too you are not too late. But the period you mentioned do the investment of bitcoin is too short because if you bought bitcoin and plan to sell it at the period of 5 months might be disappointing because sometimes that 5 months period bitcoin is still remains the same and you might me disappointed but if you plan it with the period of 3 to 4 years then you can make it. And those years too will increase your education years. Therefore if you want to invest in bitcoin and start your education then you have to forfeit the education for the period of years.

and if only one has the ability to know when is the perfect time maybe that will make Him super rich in short time.
but we have seen none of us knows what,when and which to buy (of course bitcoin is there)
we have instinct use it to better outcome just trust yourself than trusting shiller or Fuder.
and readiness , because if things change course against your plans then the best to deal is Keep Holding than to plan exiting , maybe there are so many instances that price will increase sooner but there will never be assurance and thats why we have to be ready and must be willing to take that risks.

I don't think good ideas with your planning, better use free money for investing in bitcoin because not guarantee with bitcoin price will up in the future or ten months later when you need for college. You can imagine several months later bitcoin will raise up to higher price and you can cover with your college cost but investing is not always promising with profitable but also you have already with bitcoin possibility for going dump. If you still on dependent of financial never use your parent money exactly allocated for college and use it for investing, take your time for spending and working as side job and investing in bitcoin not with your ideas use your parent money for investing in bitcoin.

Bitcoin investment can't promising with profitable quickly, maybe if your position memorize when bitcoin on higher price and how many investor loss their investment after bitcoin get crash and drop drastically.

Profits, losses, wins, and failures define this world. The'what ifs' of Bitcoin investment can be depressing - if only one had the funds to invest when prices were low. We must separate these thoughts and focus on the present. When you see a bull market coming, ask yourself: is this based on analysis or speculation?

Indeed, investing currently seems like a surefire way to make big money. However, it can be risky without a thorough understanding of the market's nuances and changes. An proactive, deliberate strategy is needed, while being aware of risks and financial upheavals.

Don't look at the past performance and imagine what would have happened if you invested early, this is not a healthy situation and will only make you feel bad. Bitcoin has been around for quite a few years now and there will always be new opportunities to invest in. Your father worked hard to give you 1,500 USD for your education, don't start using that money for trading now. It's better to finish your studies, get a well paying job and then start saving your own money to invest in bitcoins. Just imagine you would have invested that money and with 50% return that would be 750 USD, which is decent money buy not enough to risk your whole studies with it. There was no guarantee that bitcoin would rise so quickly again. Many people expected another bear market and you could have easily lost half of that money too. This would not only ruin your college education but also makes the relationship with your parents more difficult. Rule number one in trading is to only use money that you can afford to lose and education money is definitely not that.

I would be completely against him investing more or less from the money his parents gave him. He should earn his own money before investing in bitcoin instead of relying on his parents. As a first-year student, it will not be difficult for him to organize his time and find a part-time job to earn extra income. That way, he will be able to invest in bitcoin more comfortably.
I really don't like students who rely on their families and think that because they are students, they don't need to work. Therefore, I completely oppose any investment intentions of these young people unless they make their own money.

Well that's also what I think, 4 to 5 months is not a very long time especially this is talking about bitcoin investment and the money will be needed in the next 4 or 5 months. We must be prepared with money that really will not be used for what if we invest in bitcoin, because if we use money for us to use in the near future then we should not invest.
We have to think about the worst thing in this case, and as you said if bitcoin is flushed again at that time will we sell it? it's a pity if you have to sell it. But there is no other choice when the money will be used for other purposes, and when it comes to education it is a very important need.

When planning to make any investment, it should come from a well-thought-out process or you run into a loss that could have been easily avoided.

From your analogy, I don't feel that it is necessary to invest the money your parents saved up for your education knowing fully well that there is a chance, no matter how slim it is, for the investment to yield a loss.

Also, note that it would be best to invest your savings so that if for any reason anything goes wrong, you will learn your lesson and re-strategize better without hurting anyone in the process.

Education is also a serious investment and according to your post, you have bearly a few months before starting, so why the rush? Face your studies and try making some passive savings that way, you can take your time to study the market and invest positively.

I have not completed my graduation year now and I came to bitcoin forum and earned a lot and from here I got good amount of profit by investing and lost again. However since you have finished your studies and thought of investing in bitcoin forum and gained a good amount of knowledge and profit it may be like a dream come true for you. When you first learned about Bitcoin, its price might have been very low and you would have been a millionaire if you had invested, but you probably didn't have the money back then. Just like that when I came to know about Bitcoin the price of Bitcoin was almost very low but I didn't have money then I couldn't invest. But I think it's a great time to invest in the position the Bitcoin market is in right now, if you want to invest. Since we have a huge bull waiting ahead, you can invest and hold while avoiding risk and you will earn good money.

No matter the motive that bitcoin price drops to, I won’t still ask him to invest in bitcoin since he will need the money for his school fees in the next 4 months. Even if bitcoin drops to $15k, I won’t still ask him to invest because, as you just said, no one knows what will happen next. If you invest in bitcoin thinking it has dropped to the lowest level and it still ends up dropping more, since his investment is just for a short period of time, bitcoin might not have bounced back before the 4 months, but if he is investing for a long time, I know it might take months or years before it bounces back.


The Op is not ready, he is just trying to jump into investment just because of the sudden increase in bitcoin price. I'm sure that’s what’s attracting him, if bitcoin is dumping currently, I'm sure he won’t want to invest in bitcoin. It’s just better he forgets about bitcoin investment for now and focuses on his education. Maybe whenever he starts making money for himself, he can come back and invest in bitcoin, but investing school fees in bitcoin is really the wrong idea.

Let’s say the market price dropped to $26k once again, would he now invest? There’s a tendency that he won’t and will probably assume that the market price could go lower, then what if it suddenly increased? No one knows what will happen next. There’s no right entry price ‘coz no one kmows how will the market behave on the next few hours. Invest if you are prepared with negative consequences whether its price increase or the other way around. Regrets will always be there but what would matter the most is how will you act upon those regrets? Simply learn from your mistake and invest once you’re ready. Have the right mondset and risk management plan to lessen your worries and be able to actually invest in it. Know your priorities as well.

Do you still have hope for Bitcoin? Then you should go for it, although the investment you had in the cow was also a better idea because this is also a business and from that, I think you have already earned it in the past. And how many cows do you have now on the farm? Also, if there are better investment plans available like the investment in the farms, how did your father change his mind and think to invest in the bitcoin and get some excitement eventually?

Better to wait for the dip, but we can't predict too exactly because, in all of us, we don't know what will come next and what will be the bitcoin move next. So, better to invest in those businesses that are done by yourself like you said that you have a farm, etc. This means not type of online, if you have much time then you can go for trading with learn some strategies for it.

You don’t have to blame yourself for not investing in bitcoin early, and as we can see, education is also an investment, so I will still recommend you just focus on your education. You might not get the reward now, but I am sure in the near future, you will get the reward.
 
You said you would need the amount in your account in the next 4 to 5 months, then it’s better you don’t invest it in bitcoin, just leave it in your bank account, and when the time comes that you are supposed to pay for your school fees, just pay. Bitcoin investment is supposed to be for a long time. If you invest in bitcoin and expect a profit within a short period of time, then you are wrong. In the next 4 to 5 months, when you will need the money, bitcoin can be below the amount that you bought it, you will have to sell it at a loss, and you will still have to struggle to get the money that you will use to complete your school fees, which can affect your education, so just forget about bitcoin investment for now.

believe me at the current price of bitcoin, those of you who are still students will have difficulty maintaining your consistency in investing in bitcoin, you will definitely sell it when you need money for your education costs unless you are numb to the education you have to take.  investing in bitcoin is not something that everyone can do, there are many processes and also uncertainties that you will encounter if you don't have sufficient funds for your daily needs, so i suggest you be patient, believe me you can still buy bitcoin while you keep continuing your education.

Since we cannot predict the future of bitcoin, I did not find it your fault that you did what you did. Moreover, the money was intended for your education; if bitcoin price drops, how would you explain it to your parents? I also did not see your fault in the fact that you did not consider this when you were holding the money in your bank account earlier. That would be a big risk, mate, and I can't recommend you taking it. I realize that if you do it and make a profit, it will be for your own benefit, but that danger is simply too much. If you don't have any more money to start your investment, you'll just have to leave it for the time being. Assume for the moment that you begin investing with the funds you intended to use for school. If the price drop after you get admission will you sell it then or tell your parents what you did it? I think the danger is very high.

When I saw a story like this one I tried to be more skeptical, as I could not verify the authenticity of the story and I was not sure if others felt like me or not, I think stories like this were created to get people's attention. If OP is really looking for a suggestion then he should DM some of the reputable members of his local board to get a more clear understanding of the risk involved and the approach he should take to reduce the risk. 

You are right that if the bitcoin price drops to 20k the confident level and regret will turn into nightmares for OP. People don't have the nerve to watch their portfolio drop to 40% when that is their savings for a distinct purpose. Investors should not be excited by seeing others profit. We need to understand the risk that these people took to make a profit like this and rethink our ability to bear such a risk.