Topic: Maybe I should have taken this risk earlier. - page 5. (Read 1182 times)
Don't be sad because you couldn't profit this time. You will have many chances in the future. We all knew bitcoin would rise at this time. But nobody knew this would happen so fast. Even a month ago, it was around 25–26k, but it pumped so quickly to 34k. You can expect more pumping as the upcoming halving will soon occur. But before investing, you should acknowledge the risk you are taking. By your description, you seem very young. You haven't started university yet. A private university costs a lot if you don't have a scholarship. So in this peak moment, if you mess up financially, you'll also mess up your education. So don't invest in something you don't fully understand. You are living your golden age now. I'm sure you'll get many more opportunities.
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.
There is never any time late to invest in Bitcoin my friend, and as such, that you were able to allow Bitcoin rise by $10k while you were procrastinating, please don't allow yourself to make such mistake again that you will be watching and allow Bitcoin climb another extra $10k while you are yet to make a wise and profound brilliant financial decision for yourself and your studies. (i.e $43k per BTC). So on the nutshell, I will advice that since the money is meant to be used to finance your education, for I will advise that investing in in Bitcoin is far more better than leaving it in bank where it's value likely to depreciate in time, unlike in Bitcoin whereby the value invested likely to appreciate in time.
It's amazing that so many people wake up right now, when bitcoin finally crossed 30k and so many were silent when it was going below 20k.
People are always late for the party and you can tell them all day how bitcoin is undervalued below 20k, but they won't listen all that matters to them is that there's more red on the charts, which must mean more red is coming. Now there's a lot of green, so a lot of green must be coming
If you had money in the bank and no bitcoin, the right thing to do was to get at least some exposure and you could do that by allocating 10-20% of your money to bitcoin.
Do what you feel is right, but I'll always tell this to people who ask me if they should buy:
Do you own bitcoin? If not, get some ASAP. If you do, decide if you want more or not, but if you don't have any, get some. It's a must, even if all you can do is 1% of your net worth.
People are always late for the party and you can tell them all day how bitcoin is undervalued below 20k, but they won't listen all that matters to them is that there's more red on the charts, which must mean more red is coming. Now there's a lot of green, so a lot of green must be coming
If you had money in the bank and no bitcoin, the right thing to do was to get at least some exposure and you could do that by allocating 10-20% of your money to bitcoin.
Do what you feel is right, but I'll always tell this to people who ask me if they should buy:
Do you own bitcoin? If not, get some ASAP. If you do, decide if you want more or not, but if you don't have any, get some. It's a must, even if all you can do is 1% of your net worth.
Although I think it's a bit late for me to invest.
This is where you are completely wrong. It is never too late to plant a tree. Making an investment is very similar to planting a tree. It doesn't mean anything now maybe but 5 years from now, you will be glad that you planted that little tree.
You don't even have to go all in and it is not even a good practice. You should do monthly or weekly investments (planting) instead. That's called "dollar cost averaging"
Also mind yourself, bitcoin is not the only game in town. You can invest in almost anything out there. Real estate, stocks, alts, commodities... To decide on an asset, you need to have some financial knowledge though and that's where knowledge becomes important. Educate yourself about bitcoin or whatever asset you have in mind and only then make investments.
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.
The money you want to invest in Bitcoin is for your university admission. Because bitcoin is risky so it is better not to invest in bitcoin as the money is involved in your education. As the money is for your university admission. So I think it is better not to invest in bitcoin. Because if for some reason you get hurt or lose money from bitcoin, then you will eventually stop studying. If there is another way you can earn little by little money that money you can invest in bitcoins it will be good for you. 
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.
Bitcoin has increased significantly this month and my prediction is that bitcoin will fall below $30k in November instead of rising to $40k. My friend, investing in bitcoin requires knowledge and time to research and make a long-term investment plan. You can't invest just because you think it will go to $40k, and it will, and you decide to invest because you think your thinking is right.
Bitcoin is unpredictable and what are you prepared for if bitcoin falls below 30k$ like I predict?
Those that had been in the crypto market for a long timw before now can always attest to how the market had been moving from less than dollar to when it finally get to a dollar and from there, the market had been moving in a higher high and higher low direction since birth. The price of Bitcoin might move again from the price it is now to a good price that would surprised Bitcoin enthusiasts and those that are in the market to watch trend without any form of investment..
Lemme drag your attention on something very essential as a matter of necessity that if any money that has been set aside for your education should only be for your education do not use the rate at which you want to make profits to temper the money in the name of making profit or increasing your values. I have red a post where someone uses his tuition fee to buy bitcoin or I think gamble to double his money along the line the money went against his initial plans were his gambling went against him and he lost all money. The thing is do not be tempted by what you see since the money has been set aside for something very important so I suggest you should be on your stands to hold back the money in bank than you uttering the money for something else rather than school runs. Have you also thought about the volatility of what you want to venture into?
The risk associated with the kind of investment you are making, why not go source for another funds or possibly go seek for job and invest your salary instead of the money your father has set aside for your education. Please don't you ever take that decision as it the wrong you are about taking.
The risk associated with the kind of investment you are making, why not go source for another funds or possibly go seek for job and invest your salary instead of the money your father has set aside for your education. Please don't you ever take that decision as it the wrong you are about taking.
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.
Bitcoin has increased significantly this month and my prediction is that bitcoin will fall below $30k in November instead of rising to $40k. My friend, investing in bitcoin requires knowledge and time to research and make a long-term investment plan. You can't invest just because you think it will go to $40k, and it will, and you decide to invest because you think your thinking is right.
Bitcoin is unpredictable and what are you prepared for if bitcoin falls below 30k$ like I predict?
Still there's no guarantee that it would reach either $30k or $40k since it's still volatile, even if you said that you have done your research if there's suddenly a news or update that could impact Bitcoin's value in the market, then it could be decrease or increase. There's no assurance in a volatile market, still people could get profits from it as they take advantage of the volatility. Well, long term investment could get you safe or doing DCA method would help you to avoid stressing over the market. But personally, I think if Bitcoin reached $35k, some people might take profit and reinvest, since for the last months it was at $20k-$30k range. So if you invested at that period that's good. Just have a plan incase Bitcoin's falls/rise, just take advantage wisely.
Bitcoin has increased significantly this month and my prediction is that bitcoin will fall below $30k in November instead of rising to $40k. My friend, investing in bitcoin requires knowledge and time to research and make a long-term investment plan. You can't invest just because you think it will go to $40k, and it will, and you decide to invest because you think your thinking is right.
If you estimate that Bitcoin can fall again below $30K next month, maybe there will be a lot of people who will want to enter the market to buy Bitcoin and this will again cause another increase in Bitcoin. Because before the halving, a decline like that will continue to be exploited by many people for greater profits. Because the goal of long-term investment is to target more significant profits than just trading in the short term.Quote
Bitcoin is unpredictable and what are you prepared for if bitcoin falls below 30k$ like I predict?
I think only new capital needs to be prepared if there is another decline in Bitcoin because ignoring the decline or just watching the decline as it occurs will not change anything and will not gain anything. So I think it's just the new capital and also the same enthusiasm in buying when we see the decline coming back in Bitcoin. 
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.
Bitcoin has increased significantly this month and my prediction is that bitcoin will fall below $30k in November instead of rising to $40k. My friend, investing in bitcoin requires knowledge and time to research and make a long-term investment plan. You can't invest just because you think it will go to $40k, and it will, and you decide to invest because you think your thinking is right.
Bitcoin is unpredictable and what are you prepared for if bitcoin falls below 30k$ like I predict?
It is not too late mate, it is still early to get some fractions of Bitcoin. Though price is quiet high nowadays but still not too late for you to invest in Bitcoin. Just don't put a blame on yourself, it is too risky to take the risk of investing that money on Bitcoin because it is a volatile one. It is intended for your education purposes and a lot of things might happen that time so keep calm and buy Bitcoin on your extra money.
Now is still a good time to buy bitcoin even though the price of bitcoin has risen to $34k. But seeing today's correction, he may use the time to buy bitcoin again. But be careful because the price can reverse before he starts buying.
It seems that there has begun to be a reversal in the direction of the bitcoin price because there is a small increase occurring in the market.
And hopefully, that will get him past $35k but the important thing is he has to decide before it's too late.
Even as bitcoin surpasses $35k and touches $40k, it's still a good time to buy bitcoin to prepare for the next bull season. But that is only suitable for people with spare money, and a job with income, not suitable for OP. As many others have pointed out, OP is looking to use his college funds to invest in bitcoin and he expects to make a profit within 4 months. In your opinion, was what he did right or wrong? As for me, I wouldn't take his side because he's just trying to gamble rather than seriously invest in bitcoin. It seems that there has begun to be a reversal in the direction of the bitcoin price because there is a small increase occurring in the market.
And hopefully, that will get him past $35k but the important thing is he has to decide before it's too late.
If that was your money, I wouldn't disagree with your hindsight that you should've invested in bitcoin but given that it's not yours and it's for your education. I don't think that you did anything wrong and I don't think it's for the best of you to risk it now with the possibility that this pump is short-lived and followed by a big dump in the prices. You're still young and bitcoin will still be here and even if the price floor goes up in the future, the price ceiling will continue to be broken so you still have time to invest in it.
Definitely it will be the persons money except if the person wants to go for loan which is not advisable except if you have another means of earning knowing the nature of bitcoin been that its a long time investment how do the borrower intend to pay back the loan he collected for the investment. Normally life is all about risk investing your money might be risky but what if you risk it and eventually you made back your capital and your profit is it not worth it. Just one piece of advice: it's best for the investor to understand that this will be a long-term investment, so they shouldn't expect money or a profit right away.You will be successful when investing in bitcoin if you have this mindset. 
But how can you guarantee the OP that the price will continue to increase until $40k in December since he said he could only invest for 4 or 5 months before school starts? not to mention, is it correct to invest bitcoin with money for daily needs, and what will happen to him if bitcoin does not increase to 40k$ but falls to 20k$? the current price is still worth buying, and it is never too late to invest, but other factors such as idle cash and investment time should also be considered as there is no guarantee in the short term that bitcoin will continue to increase.
There's no guarantee of always getting profit in investments, people should know that. People talking about future price is just a pure speculation, but what i said is based on what had happens in the past more particularly price usually increased last and first quarter of the year. Of course, it might be the opposite, that's there's no guarantee of it. Investors must decide what is good and bad for him/her. And the rule of thumb in investment should be at least 20% of your budget from 70/30/20. Spending more of it will be s hug risk of losing large sum of your money. In case of OP's thoughts of price pumping to $40k has a big chance. What OP should learn is to avoid lossing his investment so having stop-loss order in trading is very helpful, and should always do it when making a sell order. 
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On the contrary, I don't agree with people who invest in Bitcoin using money that will be used elsewhere, it's quite risky, it's better to invest using unused money, it's safer.Moreover, within 4 or 5 months the money that will be invested will be used, remember that the price of Bitcoin is very volatile and there is no guarantee that in the next 4 or 5 months the price will increase, that is excessive risk taking.
Learn first about Bitcoin then decide to invest, I'm sure people who want to invest and make profits quickly don't learn about it first, they just hear the news and are interested in getting the profits they see.
But how can you guarantee the OP that the price will continue to increase until $40k in December since he said he could only invest for 4 or 5 months before school starts? not to mention, is it correct to invest bitcoin with money for daily needs, and what will happen to him if bitcoin does not increase to 40k$ but falls to 20k$? the current price is still worth buying, and it is never too late to invest, but other factors such as idle cash and investment time should also be considered as there is no guarantee in the short term that bitcoin will continue to increase.
The OP might just simply speculate due to the movement of the price without considering the fact that it could also be decreasing in the upcoming months because Bitcoin halving is not yet done. the real bull run will start after it and only a small movement of the price increases when the time like this because there are a lot of good news that currently going on and many other investors are waiting for the right time to enter the market before and they seem to enter right now because they are witnessing the price is increasing right now and it might be the last time we see it at this rate this year as well.
Now is still a good time to buy bitcoin even though the price of bitcoin has risen to $34k. But seeing today's correction, he may use the time to buy bitcoin again. But be careful because the price can reverse before he starts buying.
It seems that there has begun to be a reversal in the direction of the bitcoin price because there is a small increase occurring in the market.
And hopefully, that will get him past $35k but the important thing is he has to decide before it's too late.
It seems that there has begun to be a reversal in the direction of the bitcoin price because there is a small increase occurring in the market.
And hopefully, that will get him past $35k but the important thing is he has to decide before it's too late.
If that was your money, I wouldn't disagree with your hindsight that you should've invested in bitcoin but given that it's not yours and it's for your education. I don't think that you did anything wrong and I don't think it's for the best of you to risk it now with the possibility that this pump is short-lived and followed by a big dump in the prices. You're still young and bitcoin will still be here and even if the price floor goes up in the future, the price ceiling will continue to be broken so you still have time to invest in it.
It cannot be confirmed that this pump will end soon, but there is also no certainty that it will continue to pump to $40k in the coming days. And investing with money that can't be lost, isn't even OP's money, so deciding to use it to invest in bitcoin is a really bad idea. I don't want to make OP sad but that's my investment principle, don't invest with money you can't lose, don't take other people's money to invest, don't invest in bitcoin with the mind of wanting to make money quickly. So I don't think you should invest, OP.
If that was your money, I wouldn't disagree with your hindsight that you should've invested in bitcoin but given that it's not yours and it's for your education. I don't think that you did anything wrong and I don't think it's for the best of you to risk it now with the possibility that this pump is short-lived and followed by a big dump in the prices. You're still young and bitcoin will still be here and even if the price floor goes up in the future, the price ceiling will continue to be broken so you still have time to invest in it.
On the contrary, I don't agree with people who invest in Bitcoin using money that will be used elsewhere, it's quite risky, it's better to invest using unused money, it's safer.Moreover, within 4 or 5 months the money that will be invested will be used, remember that the price of Bitcoin is very volatile and there is no guarantee that in the next 4 or 5 months the price will increase, that is excessive risk taking.
Learn first about Bitcoin then decide to invest, I'm sure people who want to invest and make profits quickly don't learn about it first, they just hear the news and are interested in getting the profits they see.
If that was your money, I wouldn't disagree with your hindsight that you should've invested in bitcoin but given that it's not yours and it's for your education. I don't think that you did anything wrong and I don't think it's for the best of you to risk it now with the possibility that this pump is short-lived and followed by a big dump in the prices. You're still young and bitcoin will still be here and even if the price floor goes up in the future, the price ceiling will continue to be broken so you still have time to invest in it.
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