Topic: Maybe I should have taken this risk earlier. - page 4. (Read 1159 times)

I think it would be foolish to invest your private university tuition money in Bitcoin.Let's say you invest in bitcoin because of a sudden rise in price. Good thing you don't get your money back when the price of bitcoin goes down.So then getting admission in your college may hamper your admission in private university.If you are so motivated to invest Bitcoin then you can invest with money other than your university tuition money.

I don't think so that is a good decision. You should not invest that amount which your parents have given to you for you education purpose. Whenever I saw any suggestions about investing in Bitcoin or in Crypto they always mention that never invest that money which you can't afford later. The market is volatile and if Bitcoin can go up significantly so it can come down significantly too.
Always invest that amount which you can easily afford so be careful my dear friend.

I would not recommend you either investing or not investing the money for your education in Bitcoin because the market is highly unpredictable and no one can actually know the exact future. All we can do is tell you the positive and negative consequences if you decide to invest your money in Bitcoin.

Just because Bitcoin managed to go up by $10k in a few days, it doesn't really indicate that it will keep going up. So, if you invest your money in it, and it starts dropping after that and doesn't manage to go above the point where you've bought within 4 months, you will have your money stuck because your assets will be worth less than what you have invested if you sell them and if you don't do that, you will miss the admissions, obviously.

(Basically bitcoin is TOO GOOD for long term investing because one full cycle of bitcoin is 4 years long. So for short term, do not plan anything with your committed funds).

Can you stop thinking and get to reality that you’re trying to chase after profits forgetting that nothing is guaranteed in the cryptocurrency or bitcoin industry and no one can surely predict the price of coins and I also want to let you know that you’re not yet late but rather still early in the game and you should always try as much as possible to keep buying and accumulating as the joy of a bitcoiner and a holder is in long term holding and I also want to advice that you shouldn’t work on assumptions that you’ll always make profit and you should only invest what you can afford to loss as nothing is guaranteed in the industry.
Good luck with your plans

Even if the halving occurs, there is no guarantee that a bull season will follow.  although history has shown us that, we have no guarantee that it will repeat exactly that.  all we can do is hope it happens again, but there's no guarantee of that.  furthermore, what I'm trying to emphasize is that OP is investing with money he can't afford to lose, which is money his parents gave him for school, not some money to invest.  so I think giving him advice or encouraging him to invest is not the right thing to do.

Yea it's low pay but he can switch to better paying campaigns once they become available or as he ranks up. To rank up he'll need to be active anyway, might as well participate in signature campaign while doing so.

This has become a recurring habit, people will be afraid to invest in Bitcoin when the BTC price is below $20k, they even say it is a very dangerous scam. And finally, they want to enter and invest when they know Bitcoin is starting to rise again and reaches that high price point. And finally they are willing to take the risk. Why not just do it from the start if both are at risk, right? Then, unfortunately, not many people understand about investing in Bitcoin. They may think that if they buy Bitcoin when the price rises, then the price will immediately rise again and again. even though the market scheme is not like that, it is not always like that. It could be that after this increase there will be a market correction where the price of Bitcoin will first fall to a certain point. And this is what makes some people who have just entered are shocked again and end up selling their Bitcoin because they panic. Yes, this is what might happen if you invest but don't yet understand it.

but for the OP who has the desire to buy it, go ahead. And actually this is still quite better than buying during the bullish era later. But make sure you don't panic sell when the price suddenly drops for a moment.

Whatever Op is planning is timely, as far as I can see, because the Bitcoin halving and bull run are coming. So, if I were in his situation, I would continue what he had in mind. Because this is a good opportunity to experience earning in Bitcoin. Because Bitcoin is more than an opportunity, it can not only provide us with a source of income in the future but can also provide us with savings every day of our lives.

They will only happen when we learn the things related to Bitcoin; even if we only know the basics first, they can be our guide in getting started here.

I feel your regret for not seeing the potentiality of Bitcoin and many individuals have that kind of feelings. However, it is not a thing we should think about and blame ourselves as we can't turn back the time instead, make it a reason to pursue it by now. Don't mind that we are late but rather think that we still have the opportunity.

Never think OP that those who came earlier had also had a great time in crypto, some of them had also struggled hard and suffered losses. If you had been in crypto earlier, it was also uncertain that you become successful or become like those who quit.

Since matket is unpredictable I wouldn't advice anyone to use money meant for important purpose to invest in bitcoin.  Bitcoin investment is always with an extra fund that won't be needed to solve emergency problems. The problem many do have in bitcoin,  they think they can invest in bitcoin and make profit in  their own predicted time. It is too risky to invest with money that will be needed in a short time to invest in bitcoin because the volatility of bitcoin price can't be predicted.

Risks won't be called risks if we can determine already what exactly will happen in the future.

Rather than keep yourself confused, in doubt, and regrets, why not turn your experience into a recipe to plan what's the best thing to do from now on? Analyze all the considered loopholes you weren't able to cover and make a good plan out of it.

Ask yourself, what made you believe that Bitcoin will reach your dream price? Support your future analysis then start your progress.

If I should tell you the truth, investing in bitcoin now is a wrong decision to take if I should tell you.

Have you thought of this on your own, what if the opposite happens towards my bitcoin investment? How will I manage the situation, if bitcoin didn't increase in price as I have expected it to be in 4 - 5 months? Landing you at a loss side, like when your admission to the university is out.

The question will now be, are you going to leave it pending or sell your bitcoin at a loss price? Yes or no?

I am asking you these kinds of questions for you to have a proper view of what might come up in 4 - 5 months towards having bitcoin as an investment tool. As we all know about bitcoin investment, nobody can predict its future price.

There's no such thing about being late but we know that it would really be just that right that we would be thinking about getting some those entries on buying when it is really that on the bottom price.
So how we would be able to determine the bottom? Well, this had been the main question on which most people on this market would really be having in mind, and since this market is unpredictable
then there's no way that we could really be able to tell on where it would be going. Therefore, missing out opportunities is really that likely to happen, this is why when it comes to decision making then it would really be that important that you should really be doing or making such move first or else you would really be seeing yourself getting left behind.

Its really that hard to make yourself that be able to make out such move due to unpredictability of this market. It is normal that you would really be hesitating on the actions that you would
be making on having that kind of fear which your investment would really be going into the ground. This is why its a matter of risks taking and dedication on making investment here on
crypto space. IF you had missed out then better luck next time and since this market is always that moving then chances and opportunities is really always there.

OP, I think you're going to make the wrong decision. Anyone with knowledge of Bitcoin will not let you make this decision for you. Because your father has collected money by selling a cow for your studies. Now if you invest in bitcoins you may face losses. How will you enroll then?  Where will your father get money again? Invest money in Bitcoin that you can afford to lose. You need to find a source of income first. You can invest when you save money regardless of your job or business. You will have plenty of time in the future to invest in Bitcoin. At this point you should focus on your studies. It seems better to keep your money in the bank at this point. Moreover, after a few days only 5 months you have to get admission in the college, it is not good to keep the money at home but you can keep it at home. And especially let me say one more thing, you are a Bangladeshi citizen. You should note that cryptocurrency is illegal in Bangladesh. Now do what you think is best.

Putting the money your father saved for you in to any kind of investment other than some basic high earning savings account would have been the wrong move and completely disrespectful of your fathers hard work.  What would you have done had you lost the money, or it dwindled in half?

Here in the United States we have what's called 529 college savings plans.  This is something perhaps your father/family should look in to.  Depending on what country you live in, you might have something similar.

There is nothing to regret about investing in bitcoin, whatever the current value of bitcoin, what you buy is a good move, believe me bitcoin will reach a new ATH. It's true that no one knows when it will happen but it will happen. Of course, to get bigger profits, you have to keep it for a long time, you can't make a profit in just a few months.

So you don't need to get carried away with FOMO, what you have to do now is buy as much bitcoin as possible and store it in a cold storage wallet. Better late, than never. And it's never too late to start investing in Bitcoin. Buy, save and learn Bitcoin now.

With this current pump in the price of Bitcoin, many people will be skeptical to see if the price will fall back or continue going higher because there is no certainty to knowing whether the price will continue pumping or not because the much expected time for the bull run has not reached due to past history that shows the bull run always happen immediately after the halving period and the halving is supposed to occur every four years after the bull run of which is supposed to occur sometime next year.

So there is still lots of opportunity to actually buy some coins and hold it because the price of Bitcoin has not fully reached it prime but still yet the need to be skeptical about the price is still there because of the market volatility.

What you should think of is how long you are going to leave the fund there, and when your admission will be ready, will that money still be worth the same in bitcoin? We can't be very certain as bitcon price is not always predictable and you can't tell what the price will be as of the time you will want to sell.

In order not to run into regrets in your time of need, it will be advisable for you to just hold onto that money in fact. If your country's currency is losing value like mine (Naira), it will be best if you convert the money to USDT for crypto or USD if you have a foreign account.


This will be a good idea if the OP is thinking of how to get some BTC that he can hold for a long period of time and not as a means of doubling the money that he has to support his educational journey.

The link you provided for the pay for his rank appears to be very low, although I don't know how much that will be worth on the OP's side. Such a campaign for his rank should just be for the user to accumulate, as the weekly pay sometimes might not be up to what's worth withdrawing.

Judging from the story, he just graduated from the university and the money he stored at the bank was the result of the sale of his father's cow last month, so it can be said that the money stored in the intu is a family money, in my opinion rather than being stored in the bank and only will be depreciated by inflation and also pay interest interest to the bank I think it will be the loss of its baiga.

If you see that we will approach Halving and also the acceptance of ETF Bitcoin, what is now happening is not a pump but the adoption of the Bitcoiners to prepare for the big event, most likely the price will continue until the halving arrives, I think it is better for him to take the risk today for In investing in Bitcoin, if you feel afraid that the dump will occur then use a DCA strategy to anticipate it, you will have the opportunity to purchase at a low price when the decline occurs again.
It is not good to delay big things in life, maybe with this he can get a proper return from Bitcoin in the next five months and can make an increase with the money generated from Bitcoin investment

As you have said, I understand that you are so dem serious about getting the money you will use to complete your education, but not the other way round. Bitcoin is not a place for you to save the money that you are planning to use for your college in just a few months ahead.
I do prefer you keep the money you want to pay for school fees in the bank, even if your money will not add any interest or profits to it, it is still safer than investing the money you want to use for college.
Your father sold 1 cow just to raise money for you. Now have you thought about it, just in case you lose the money in Bitcoin investment? No, I don't think you did, because I wish you had given thought about that. You would have known that if you lose the school fees your father will have to sell more cows just to provide another money for you.
Bitcoin investment is not a thing you should use borrowed money or money that can be used in a short period, just like how you want to use it to pay for school fees, there is a possibility for you to lose your school fees in Bitcoin investment.