Maybe I should have taken this risk earlier. - page 10.

Eternad

hero member

Activity: 1400

Merit: 623

Quote from: Essential10 on October 24, 2023, 12:15:38 PM

I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

Don’t blame yourself since no one can predict that Bitcoin price will pump since the whole market is under the influence of manipulation. Your money has different purpose and you have only 5 months before you use that while Bitcoin can be volatile downward that might lose value to your college funds.

You are just saying this because Bitcoin price is already pumped now. Don’t invest money that you can’t afford to lose. On your case, this money is precious to you so just focus on your goal and invest only the money that you don’t use.

Emmanuelex

jr. member

Activity: 137

Merit: 2

I can't predict what the future is going to be; I can't tell you that the market would go up or down, but one of this is going to happen and we don't know which.

But I am going to say you have to be very careful, since the money you're talking about here is a money that your parents have raised for your education, and God knows how hard it was for them to raise that money and keep for your education, so don't ruin their plans of getting you to school by investing that money in a risky market. If the market happens to go down after all these things, you would regret it badly.

The best thing you should do is to try and raise money through other means. The five months that you have to wait for admission, you can use the time to look for something doing, look for work and stay busy, then raise money from there and you can invest in Bitcoin. Don't touch the money your parents have kept for your education.

This is just my own opinion, you still know what's best for you. You can as well discuss it with your parents.
Good luck.

Essential10

full member

Activity: 448

Merit: 130

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

Topic: Maybe I should have taken this risk earlier. - page 10. (Read 1141 times)