Topic: Maybe I should have taken this risk earlier. - page 3. (Read 1139 times)

Regrets wont change anything but we can do something now. It's true that dwelling on past decisions won't change the present but if you believe in Bitcoin's potential, it's essential to focus on your current investment strategy and make informed decisions based on your research and risk tolerance. Remember, the cryptocurrency market can be volatile, so it's crucial to be aware of the risks involved although you think you started late. Everyone has to start somewhere, right?

There is no best time to invest in Bitcoins. If you have money to invest, then just invest right now irrespective of the price. This is the golden rule all investors needs to follow. I can understand OP’s concern, but you need to also understand that, along with the risk, the chance of getting losses also increases. Instead of growing 10k usd, what if it fell in price? Then what you will do about your college fees ? So always invest that amount that you can afford to lose or don’t need in emergency. Hope this helps you OP to understand things better.

You are in a very tight position OP, you planning to invest in Bitcoin is going to be very hard for you, because you are not making any money one way or the others it's better to learn skills right now, find ways you can make money first before thinking about investment,  at your present age I believe you have the time to learn a lot of things, I did the same when I wasn't making any money, I was living with my parents and I found Bitcoin back in 2016, I took my time to learn everything about Bitcoin and crypto, it's because I was still young and I have no responsibilities at all.

That's why I said you have all the time right now, you can look for some skills to learn around crypto world, trading is a good one and coding too, just take your time to do some research you can find a niche in crypto space that's interesting to you and start from there.

Many people who don't have anything that's bringing them money forced their way into Bitcoin investment, two guys from my city also did the same thing, today they aren't holding any Bitcoin because they are tired, they are jobless and they decide to take my advice less seriously, I told them to look for job first but they make me seem like I don't want to teach them and I did, now they know why I was hesitant in the first place, investment is not going to be fun if you are not earning money monthly.

It is never too late to start investing in Bitcoin because we can start when we feel ready to invest and also we have to use the money we have and not use it for other purposes so that we can hold it for a long period of time to be able to make a profit. from the investments we make. You are right, if we believe that the price of Bitcoin can increase in the next few years then we can start collecting it now to be able to profit from Bitcoin.

As long as you are aware of what bitcoin is, I believe it is never too late to purchase it. We can study it and learn it together if you still don't comprehend it. Therefore, understanding Bitcoin's depth is crucial. Then, one of the best investments to make is in Bitcoin, especially over the long run.

So the answer is straightforward: if you are one of those who thinks a bitcoin will eventually be worth $150,000, purchase it today if you have something to buy. Don't hold off till Bitcoin's price rises. It's only an illustration.

Looking at it from risk management, I think you probably did the right thing. Yes, there's been an increase of $10k in a short time but that doesn't mean it's always like that. I strongly advise that whenever you choose to invest, invest with an amount that you won't be needing in a while. This is because most times the reason why people don't make the most out of the price opportunity is impatience (probably the purpose of the money suffices). Another common practice is slowly investing, it could be any amount as far as it goes into Bitcoin and not the bank, but also make sure that it's not too much to trouble your pocket.

The truth is it’s never too late for you to invest in cryptocurrency. There are lots of opportunities that will bring you  profit, just do your research and make sure you don’t allow greed to set in. There are other opportunities you can explore just like the Bitget Shark fin product.

Of course, if a person has already determined how the risk can be managed, then there is no difficulty for him in investing, as said in the thread title discussed by the OP. According to him, maybe I should have taken this risk earlier. So, by elaborating on this further, I believe that if you know the way of risk management and start your investment this way with full preparation, keeping in mind all the risk aspects, whether it was an investment earlier or it is a current one, definitely both can provide profit because it is up to you whether you can amortize all these principals of investment or not.

Besides that, there is no other investment like Bitcoin. Which can give you so much profit in such a short time? So there is no other business that can give you as much profit in a 4-year cycle as Bitcoin. Although you have to keep all your effort or monitoring on it But in bitcoin investment, you can keep your investment safe in your hands by taking a few steps and taking out profit easily.

Because of these few rare qualities, the world likes investment in Bitcoin compared to business, even though they know that Bitcoin investment is based on risk. But this risk fails those who do not manage it. For these people, it doesn't matter how much the risk is or how much damage it can cause. Only they postpone their risk with confidence and under their proper strategic planning and make their investment by keeping profit in front and gaining a good profit for their investment.

And now the price of bitcoin jumped again. Though I don't think that you did a wrong decision. You shouldn't regret it given that if anything goes wrong, your family trust and probably your assured chance of getting admission in the university you are planning will vanish. There's always another chance in profiting out in bitcoin, maybe it's not your chance now. Believe me, majority of us here had experience somewhat like this, missing out on a time to invest and regretting it later but that what makes us want to invest in bitcoin more. We are still not on a bull market, the fear isn't that high but investing your spare money wouldn't hurt you in the future.

Try finding a part time job and use it to spend on investment, don't use other people money or money that has allotted on a specific purpose like your tuition fee. Don't regret, it's a good decision to make it sit on the bank if you would ask me. We wouldn't know what bitcoin next move is, just like your future if you invest it into bitcoin.

you are still dependent on your parents so try to avoid investing in bitcoin with the education money they entrusted to you, it's better for you to work part-time to get some side money that can give you cold cash to invest in bitcoin. finish your education first, after that you can plan other things for you to do, education is not empty talk, be sure when you finish your education, then look for a good job so you can afford to buy bitcoin, don't be reckless with money.

There is no regretting chances here and still not so late to invest the the Bitcoin.
There are thousands ways ones can get rich or make profits and not only Bitcoin investment rather investing on Bitcoin would pave you the chances to engage on other personal activities with you be a custodian of your trading as long Bitcoin remains decentralized with its potentials to increment in values proffers to profit it's investors without a muscle and could stay anonymous and can set a reliable Short and a long term investment.
This is the uniqueness of Bitcoin investment otherwise there are other sectors to make profits but since you have tested and testified the goals and the potentiality of the coin, I advice you make out however little Capita to keep investing while on the set to the whistle blowing of a bull run in the Bitcoin crypto markets.

Further emphasis of your regrets in failure to earlier Bitcoin investment should be an experience and that a further delay would cause you more regrets because the increase rate of Bitcoin is at its unlimited range.

Besides... $26K wasn't the least or best value rated time to invest in Bitcoin but at the lower costs comparing to date.
I can also say to you that Bitcoin has not bad time to invest on and long you posseses the ability to exercise patient while the crypto markets is programed to inflations and deinflations.

My advice is to you is... If you still want to explore in the Bitcoin industry, since you have made a profit from the money supposed to be deposited in the bank for your studies, if you think your parents can afford your academic requirements with your subordinate, you can abstract the profit made then and reinvest it same in the Bitcoin while you make a withdrawal of the capital to atleast take caution level to protect your studies as planned with parents.

Yes, it's true that invest only that money which you can afford to lose but the situation with the Op is different. He is in the university and he is still dependent on his parents. His father has a cow farm which is good because it also creates a good profit but dependent on the father's income when you reach the university level is not good, it's my opinion and every person has their mind which may be not agree with me. Keep his situation in mind I am supporting his decision to invest that money in Bitcoin. There is a probability of Losing funds but what if he made a profit from it, he will pay his university fee and invest the rest of the money. But this is very risky but I always  suggest that risk gives you the best opportunity to take it and succeed.

Investing in bitcoin is truly a life changing than saving your fiat in the bank.

However, Bitcoin don't always give you a $10,000 increase in price in a very short period of time, that's why you have to study on how to read price charts to have your own technical analysis based on those candle sticks and news about cryptocurrency. It's not just about investing and hoping to get some decent profits like after some months of waiting.

Let's say you bought now at $34,000, it could dump to $30,000 and stays like that for months. My point is, investing in bitcoin doesn't have to be your tuition fee or anything that's already been for something important, the fund that you should invest are your extra savings, because it could take some time before you could have a decent profit.

Actually, it's not stupid, but it's just not appropriate to use money whose purpose is for studying, not for any investment, including Bitcoin. Investing in Bitcoin is actually not that difficult as long as we have money and knowledge about it as initial capital, but we also have to know how to allocate money into whatever investment it is. Because any money that you want to use for investment is money that is very free from other things, meaning it is money that is not for other uses in life, so the money that is put into investment is money that is really appropriate to be there.

After reading your post OP, I think it's actually fine to not risk your educational money which your father gave to you by selling one of the cows. That's actually true that there's no late comer to Bitcoin as it has a good potential especially for long term investment. Still Bitcoin is too volatile, it might fall once again next month or the end of the year, so it's really risky. For me, I wouldn't like to invest the money that I couldn't afford, cause that money is already settled and just waiting for the right time, using it can only lead to 50/50 chance of profit and losing. Which I prefer to play safe, I rather stake the spare money I have than using the money that provided by your father. Still it's up to you, it would be better if you ask your parents for permission for them to be aware than invest in secret.

True, there is absolutely no compulsion for them or anyone to rush in terms of bitcoin accumulation, there is no compulsion and it will return to themselves in terms of ability. As you said, they can come anytime when they are ready, and yes maybe you come when others can already enjoy the bulish phase, but that doesn't matter because bitcoin is always unpredictable, don't get too hung up on price movements that are high enough, but you can start from now, look for lots of references related to the potential of the next bitcoin, if only you find something interesting as an opportunity that you will be able to take advantage of then you can immediately enter to start your bitcoin investment.

It's useless for you to come in a hurry if you don't bring any fishing rod to make a profit, and I mean that is good planning and management, it's always about that, because only those two things will be able to make you make profits consistently and minimize your losses, although yes, it cannot be denied that the potential for losses or even you are very likely to experience losses while you are there. Buying during the bearish phase and selling during the bullish phase is always our goal, even though it looks simple but not infrequently many of them fail and experience a lot of losses, so really you have to bring good management and planning there, also with a fairly accurate analysis in order to take advantage of every moment that comes.

Bitcoin may cross $40,000 in value, but it is also possible that Bitcoin will fall back down to a low of $32,000.Bitcoin is still a good investment opportunity, but one thing to always keep in mind is that the crypto currency market is a volatile market. Here, good news can send the market well up, but bad news can cause the market to crash. Thus, people who want to invest for a certain period of time can suffer losses.

By the time you have to enroll in university, the value of bitcoin would decrease. So the risk can be taken ,but in my opinion it is not a wise decision to invest in the crypto market with the demand for funds. Sometimes bitcoin will revise before halving its price. In my opinion, if you want to invest in bitcoin for four or five months, it’s not worth it, if you can wait until next year, it’s definitely a better decision.

In the gambling discussion section quite often it is possible to see statements, risk what you can afford to loss. This suits well to OP, what is in the bank is the fund kept aside for your education. We can't be sure of the bitcoin market. Just think of a situation where the price have gone down soon after you've invested. This will surely make you worried and look for other ways to compensate what had been lost.

Even now the price predictions were positive as well as there is some price predictions of price testing the range of $31000. If you've got excess fund, investing into bitcoin is good. Risking the money for education is not the right choice. If not, you should have the time period to hold. 3 to 4 months of holding is highly riskier, if you're lucky you may get to enjoy even in the short time duration.

The problem OP is you do not own the money in the bank. You have no right to touch it except for the purpose of your education. Indeed you need to have a proper education in order to learn and understand the proper ways of managing finances. In your situation, you are thinking about gambling and not investing. You're still young, finish your studies since the world has a lot of opportunities for you once you are done with your schooling.

Sooner or later you will understand the world of investing. Bitcoin is a high-risk reward investment which is why you need to invest only what you can afford to lose. You don't borrow money in order to invest in bitcoin. And you don't borrow money if you have no work or business, otherwise, you cannot pay it back.

You don't have to be worried or even blame yourself because there is no late comer in Bitcoin investment, you can invest in Bitcoin at any time, the price of Bitcoin is very sensitive, it is almost very difficult to predict when it will rise or fall, so I think you don't have to angry because I so much know that if you had invested the money in bitcoin during the period of its declination in price, you would have withdrawn your investment because of the fair of uncertainty, but the thing is if you are sure that the risk is worth taking, then go for it but I can't advise you on this, just do what is right for you, but before that, make wide research so that you can be guided on the next step to take.