Topic: Maybe I should have taken this risk earlier. - page 2. (Read 1159 times)

Yes, I am into investment after I finished my Bachelor’s and I already fulfilled some of my dream. If I have money way back freshmen days I will definitely invest in btc. Imagine I didn’t expect BTC to be big as of today. I will be a instant millionaire if i only have money to buy btc. Market these day are so unpredictable,but this is the best time to buy coins for me. Bull is coming and that is the best moment some of us waiting.

Whatever you say is right, but the fact that he could earn a good profit if he had invested in Bitcoin earlier and there is a possibility that he might earn some if he does it now or when the market dips a little because the whole market is anticipating the bull run to start next year after the halving event. However, you are right that one shouldn't gamble with the cryptocurrency market since the market is extremely volatile and unpredictable and one can't do much without having ample knowledge.

Kids these days are already into investments, managing their own finances, and working to build their future while our generation never really cared about all these things at such a young age. I believe it's a good thing if someone stays away from useless things and is actually interested in learning things that can be useful for them in the future.

OP should keep in mind that it's advisable to only invest what he can afford to lose, and education's budget is definitely something he can't afford to lose, as it will be necessary for a very essential aspect of his life and future career. On the other hand, he doesn't have to give up completely on Bitcoin investment for that reason. He can't invest 1500$ in BTC, but he can do DCA, investing small amounts of money every month. Maybe something like 20$ every month won't hurt his finances, and he will be still enjoying the potential benefits of BTC investment.

That is something he should think about and know what he prioritizes first because if I'm in his position, I'd rather focus more on studying and only invest my extra money if there is. I know OP wants to be in self-support but he must know that there is perfect timing for investing. It was not regrettable not to invest today nor we can say that we missed the opportunity because there is much better fortune awaits him if he finishes his studies. It was only regrettable if we did nothing and spent our money on stuff that never gives us returns but it was for studies which is very important for us.

In the world of bitcoin investment, the basic understanding that must be applied is regarding the use of capital. As far as I know, Bitcoin investment requires the use of very cold capital (not to be used in the long term). Although investing in Bitcoin can be said to have the smallest risk compared to investing in Altcoins. But still, you have to be careful and always minimize the risks that might come your way. Moreover, you intend to use your education costs to invest in bitcoin. In my opinion, this can be said to have quite a big risk. So basically you have to be able to calculate the worst possibility and see the best potential. Indeed, if you look at bitcoin price movements from year to year, bitcoin always has price movements that tend to increase in price. But the problem is, you only intend to invest money for your education costs in Bitcoin for only a few months, because you will use the money for your education costs. So your decision not to invest the money in bitcoin, may be for the best. Because as I explained above, bitcoin investment must use cold money. So the bitcoin investment process becomes calmer and smoother.

You don't need to regret this deeply. Although it is true that Bitcoin is currently experiencing a price increase. However, it's a good idea that you managed to avoid this risk. Because after all, using education money to invest is not a good move, even in bitcoin investment. So even if you feel like you've wasted Bitcoin's potential right now. But as you may be sure, Bitcoin always has the potential to experience another price increase. Moreover, currently bitcoin will face a halving cycle and bull market where bitcoin usually experiences higher price increases. So now you better focus on looking for cold capital to invest in Bitcoin and study the science carefully. Because bitcoin's future potential is now greater than what you're missing out on.

OP since you are a student, and you plan to invest in Bitcoin I think it is good. But you had a chance a long time ago when the price of bitcoin was low, if you had bought bitcoins with the money kept in the bank by your father, then today you could have made a good profit. Also, I think if you had invested at that time you would have got a good profit after four or five months, and later you could have attended university with that money. Since you did not do this, such a plan did not occur in your mind, so it may have been a mistake. But I think if you are currently investing in bitcoins, you may be in a lot of danger because bitcoins are worth so much right now. Also, you may need money to get into the university, so you can't invest now, you have to use your money for your studies. However, if you try, you can definitely buy and hold some bitcoins that you can save for the future and get a good amount of money out of it.

I feel like the OP is only looking at the profits that bitcoin can generate without being aware of the risks he will face by investing without knowledge and more seriously he is investing a money that cannot be lost. It doesn't need to be serious that he lost his wallet or couldn't access it, just ask what will happen if within the next 5 months the price of bitcoin drops to 20k USD. That alone is enough to make him have to drop out of school or his parents will have to sell more assets for him to continue studying. Studying is what he should focus on, not investing in bitcoin.

It is a good initiative to invest in bitcoins but what will you do if the money you are using goes to loss for some reason. Will you stop your education for investing in bitcoin? I think you shouldn't take any risk that wastes your life. I know that bitcoin is the best and profitable business at this time. There are several logical reasons for a perfect opportunity for those who will invest now, but there are no guarantees. You will gain but loss may cause you problems. If you have another backup so that you can continue your studies even if Bitcoin suddenly goes bearish. If there is such a situation then you can definitely take a risk of investing in Bitcoin. Because we know that nothing good can be achieved without taking risks. Those who will give importance to their future from now will be able to move towards success.

Yes, you are right there. At Op's age, he can be considered young in the field of bitcoin business. It's not necessary to rush everything; it's good to do it slowly and at least smooth out the learning about it.

Then, once the OP really understands the beauty of Bitcoin's concept, he will surely experience the smooth profit of the thing we are talking about here. And I also think OP will give it enough time to study it.

That reminds me, OP is investing money that isn't his and can't lose it because it's money his parents gave him for school, not his pocket money or idle money. To me, a person who doesn't make money and still depends on others should not invest because it only makes them lazier and always has a get-rich-quick mindset. We should go to work, earn money with our own strength, and then invest with that money, so that we will appreciate it and invest more seriously.

Keep one thing in mind, don't invest money that you can't afford to lose. In this case, your father sold his cow to generate money for your education and for them, it is a big amount. Bitcoin is a risky investment and not good for short-term profit at this time when there are uncertainties about the price action. What if the price dropped instead of pumping, what would you do? Do you have a backup plan?
Always invest your extra money into Bitcoin so that if the price drops, it won't affect your day-to-day life. Bitcoin is a good long-term investment. 

Yeah true, you shouldn't expect to get rich overnight, but you could get rich faster than what a bank would give you, or any other legal and legit would make you rich. I mean people want to invest just a small amount and get a lot of money in return, that may not happen in crypto, surely we have heard stories like that during bull runs where someone invested something small and became super rich thanks to being lucky but that is not common and doesn't happen all the time.

Whereas, when we are talking about a situation that is a little riskier, we are talking about a period where things would be slow compared to that, but still faster than saving it in a bank, you are going to get enough money over span of 10-20 years that you would be considered rich. The hardest part is that crypto is not something people want to hold for decades, if people can overcome that fear then they are going to end up with something that could be profitable on the long run.

Investing in Bitcoin is very good but only for long term. Bitcoin investment will not be good for you because you will use your money for education. If you invest this money in Bitcoin and after investing your investment goes down a lot then you will be very disappointed. And then if you need money for your studies then you have to raise money by selling that investment at a low price. So my advice for you will always be that you never invest this money in Bitcoin. Because you don't know any investment rules. At any moment in any way you will lose investment. Bitcoin investment is mainly for those who invest and look back until the investment is successful.

If you keep doing this, your family may have to sell all your cows. When you invest (no matter where), you should always do it with amounts you can afford to lose. If you want to invest in Bitcoin with money earmarked for your education, you're not making the right move. Because Bitcoin and the cryptocurrency market are highly volatile and we can't predict where the price will stand in the future. Investing in Bitcoin can of course lead to riches in the future but it's hard to predict.

The amount you invest should definitely be at a level where you won't be upset if you lose. The price of Bitcoin may not always keep going up and you could lose the money you've invested in education. Do you have a plan B for that? If things don't work out the way you want, you will be deprived of your education and you will have no money. When you make your decision, you should calculate all the possibilities and take action. I think you should save your education money for education.

What will happen if you lose your wallet's private key or if your wallet is compromised and you lose all the funds? Your study will be heavily affected and can be stopped? If that is the case then you should have never taken that risk. Bitcoins historical statistics don't guarantee that it will have the similar growth as before. Bitcoin is important to get rid of the inflation but it is not as important as your study. You can earn more than you would have earned with your investment in bitcoin if you can get yourself educated. At the finish your education bitcoin can be purchased later on with your future earning.

For me, you can invest if you really want but only for your own hard-earned money that you can afford to lose. But since you are going to take risk the money that your parents have provided for your admission, I would suggest to never ever do that, otherwise you will be left regretting your decision. Bitcoin may be currently at a good position but the fact that its highly volatile and any time of the day it's price will drop, that means you will only compromise your money that will be usable in the next four to five months.

 I can see your passion to invest in bitcoin but never forget that investing also needs the perfect entry to the market so you can also make a positive exit. And right now, bitcoin price might be slightly high for you to enter the market. Wait for another price drop and by that time comes, use an amount that you are comfortable losing.

  Very well said, the market is not going anywhere you can invest at any time. You don’t need to make irrational decisions about your future. Investing in Bitcoin should not be done with money meant for emergency or other purposes, rather it should be either your savings or income from other sources of income because even after investing in let say Bitcoin you still need to be patient to see it rise to the level you see your gain. Bitcoin is not a one night investment and the market can’t be promised at this time. Remember we still in the bear market. We may see a downturn in bitcoin before it finally goes up.  Don’t let FOMO (fear of missing out) make you make impulsive decisions.
  I will suggest the OP should keep his money meant for his school, if you really want to invest get your own capital there are no late comers in the space. You can still see other potential project you can invest in. There are lot of potential projects in the crypto space this is why is good to be well informed about crypto before engaging in it. Never use a borrowed money or emergency money to trade that’s an irrational investment in most cases such investments tends not to be productive because you will be trading with desperation. 

I would also agree with you that Bitcoin may drop below 30k again, though by the end of 2023. Although nothing can be said with 100% certainty in advance about the cryptocurrency market. It's true that Bitcoin's halving is very close and people are suffering from such FOMO as a result. If the market gives a little pump today, people think that it seems that the bull run has started. To avoid this kind of FOMO, I suggest those who are new to Bitcoin to invest long term with idle money.

But I'm pretty sure that if bitcoin drops below 30k$, OP won't dare to buy bitcoin because he also didn't dare to buy bitcoin when bitcoin price dropped to 26k$ before. I don't know what will happen in November, what I said is just to point out to OP, don't think bitcoin will go to 40k$ and it will definitely happen as we expected. I don't think he invested in bitcoin because he realized his mistake but because he is Fomo because of the recent price increase.

That's the life that most people dream of, having parents who are able to send us to college is a hope that some children want to get because there are many parents out there who are unable to provide education up to the final level to their children. You don't need to force your parents to invest money because investing in bitcoin is not an option for their generation, even though we know that bitcoin is one of the best investments today. Regarding the education money that you save, you don't need to use it for investment because it will be quite a hassle when the money is needed but the price of bitcoin goes down.

You can use the method that most people often use and use your pocket money to invest regularly. DCA is one method that you can use because it can help you collect bitcoins. When you are still a student, there must be guarantees for educational costs and daily pocket money and it is impossible to sacrifice these completely for investment because it can disrupt the education you are currently undertaking.