Topic: Maybe I should have taken this risk earlier. - page 6. (Read 1182 times)

As you said, Bitcoin's beauty lies in its long-term promise. But this is really about having patience, knowing what you're doing, and having a plan. Even though gains may come and go, it is very important to know how the Bitcoin market works. You're dancing in a minefield if you play the short game without knowing.

The halving, the bull runs, and the speculation are all parts of a world that is always changing. People feel positive, think about the past, and make predictions. That being said, making forecasts is not easy. They're based on weak facts from the past, and the future isn't written down yet. What's the main point? If you can't lose something, don't risk it. That's smart for life in general, not just Bitcoin. Investing should be planned, not just a random roll of the dice.

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.

Let me just say, there's no late time of investing Bitcoin. You can invest at this stage that the price has increased to $35k and still make profits when the price increase but this doesn't mean you should be using money that'll be needed in the nearest future for investment in Bitcoin as the market is too volatile that the price can drop and put your investment in losses but this doesn't mean it'll stay that way forever. You're only regretting not investing because Bitcoin has increased, the feelings would had been different if things didn't turn out this way. Don't use your education money to invest in Bitcoin instead while you wait to further your education, you can look for a part-time job that you'll be doing and start saving up to Invest in Bitcoin in anticipation of the bull market that'll be happening in the nearest future.

There's no limitations to the price that 1 Bitcoin can trade at but don't put pressure on yourself by using money that you won't be comfortable if it gets lost to the market. $40k can be reached before the year ends or it mightn't happen and that's why you have to only Invest money that will make it easier for you to keep on Hodling if things don't go as you expected. Investing your school funds mean if Bitcoin was to decline in price, you'll be force to sell so you don't lose more but if that was spare fund you can keep on Hodling knowing sooner or later, the price of Bitcoin is going to increase.

This is the same reasons, the same phrase you can hear to all those who are in doubt. Price might go higher until december as history repeats itself in every last quarter of the year.

But you are not late, remember price go $60k last time so buying on $34k is quite good but you need more time to wait.

Why shouldn't you invest when bitcoin costs $15k? You ignored the price of 26k$ just to invest in bitcoin at 34k$, this proves you are Fomo because of the recent movements of the market. Are you confident that bitcoin will reach $40k in the next few months, do you have proof or any analysis or do you just think it will happen?

In short, you only regret not having enough faith in bitcoin by not buying it for $26k. Buying now isn't so bad, but if you're using other people's money and expect to make a profit in the short term. I advise you to abandon that bad idea.

No one can predict what the future will be like and actually your choice even though it is not wrong but on the other hand only seeing the price conditions of bitcoin alone is also a mistake because however when only fixated on the benefits that we can see in the last few increases it will only give great expectations and make you unprepared when a decline occurs.
So inthis case if in the end you want to take the risk to be in bitcoin right now i don't think there is a problem with that, it's just that you also have to be prepared with the consequences because there will definitely be a decline after the increase and this must be observed that the increase and decrease must always occur so that when you are going to take risks and your expectations do not match the existing reality then don't feel you are deceived by that because this is a choice.
Regardless of what is certain and will happen bitcoin will certainly continue to be one of the assets that is still valuable in the future and we just need to think calmly what to do so that when you already feel that bitcoin is one of the right options for your investment then do not regret it later.

Based on your story, your parents are going through a lot. You see you achieve knowledge and also a degree certificate because they struggle to get money in order to send you to school to acquire knowledge, but you are trying to risk all their efforts. Are you been honest with them to think of such an idea? Based on the story, you are not the real owner of the money. Even though the money has been reserved for your studies, that doesn’t mean the money is yours, so thinking about risking it is not a good idea. Yes, we know the bitcoin price is rising every day, but I will like to remind you that bitcoin can’t be predicted; it can drop down within a certain period of time. I always emphasise this bitcoin proverb that says, “Invest what you can afford to lose,” and in this situation, you can’t afford to lose your education, so I don’t think this is a good idea.

For sure, I know that it is not that encouraging to keep money in the bank without interest for a long time, but in this situation, it is the best solution. This money is purposely generated for a purpose for which your education is important. I am repeating this sentence just because I have witnessed such a scenario from a friend, and he ended up dropping out of school. When his father learned about the reason his son was back home, he had a heart attack and died at a spot, so I will not encourage you not to use this money to invest but rather wait for the right time.

This isn't a new story that we see in the community. Someone who's got some things to do and has to spend his money for that important matter but then regrets when he/she sees the price fluctuates positively for Bitcoin.

They think that it's risk free just because they see it going up. That's not the case because what if all of these fluctuations are negatively happening and you are not yet invested on Bitcoin, what would you feel? You still want to invest or you'll say thank goodness that you are not yet invested and the market seems to be bloody?

When you think of wanting to invest, you'll do something about it and that money you'll use shall be like a marked money to your mind that you're willing to lose. That's how investments are and you'll never know if they'll be good to you or not.

What I always pay attention to when I want to invest in Bitcoin is: Use free money to invest, not money that will be used for anything else. Even though Bitcoin is always valuable and promising, even though there will be another increase, we don't know whether in the next 4 or 5 months the price will be higher than now or not. Because Bitcoin price fluctuations cannot be predicted as long as it is still in a bearish era. So, this is too risky in my opinion. Unless you are really ready to take all the risks, then that will be your choice. But be alert to whatever conditions may occur, and don't hurt your parents.

Exactly. The OP needs to understand that this money was saved by his father to sponsor his education, not for bitcoin investment, and the price of bitcoin cannot be predicted. So the investment has a high risk; however, if he takes this money and invests it, then the father will now come back and ask him for the money that they have for admission to school, and the price has already gone lower than it was before the OP invested. Definitely, there will be a problem due to the fact that I know even if he is going to invest the money, it will be without his father's consent, so OP, I’ll advise you to leave that money there until you are able to get your own money and invest so that you can be able to leave it there for a long period of time.

Invest on what you can afford to lose and never ever think that on what the situation or opportunity that you had missed would really be happening once again on the time that you would be making investment considering that this market isnt really that predictable and it would be always going with that unpredictable side of things. Dont make yourself that too hopeful because there's no way that it could easily happen again on which it would really be that better that you should really be that knowing about the risks involved as always. Its never been that a simple thing on dealing with unpredictable and volatile space.
Never ever invest on the money which are really that intended for investment but rather it is already that allocated on something important. Yes, you might have missed on earning with the recent increase
but come to think that you had just missed out that opportunity because of doubts which i couldnt blame you either because hesitance and confidence on investing on crypto is never
been that something that could be seen on most people.

They would really be always be that skeptical on making up such move and on the time that results is really that they are anticipating then this is where regret do kicks in.
Not really that something new in this regard on which its a hit or miss kind of situation.

Save yourself from any regrets. In the first place, there's nothing to regret because investing at a money that you can't afford to lose is never advisable. Although you have a good amount of money at your own account, but you're aware that its for your own education and not your spare money that you can decide to invest. And lastly, its not actually your own money, but your parent's money to help you complete your studies.

I can see your passion with bitcoin, and its actually great because you have developed a goal for your future investment. But knowing the right timing to invest is important as well. And you can only do that when you are already earning from your stable job so you can start to invest at your own risk.

Honestly, don't beat yourself up for it. You're a college undergrad, there's very little if any expectations for you financially. You're probably going to subject yourself to student loans too, and that's a bigger problem than not being able to invest your money or something in my opinion. I say, just go for it when you already have a structured income stream so you don't experience discrepancies in investing or whatnot, cause at the end of the day in the world of investing, it's still much better to actually consistently put money towards your investment rather than pushing for the lump sum. I feel like I'm going off a tangent here, but my main thing is that you shouldn't feel so sorry that you're not able to invest money right now, you still have a lot of time, you're a kid for god's sake.

i can advise the same. even if we say the probability of increasing the btc price is high in the next coming months, what you are staking here is your funds for your education. and once things go sideways, how can you recover those funds? so it is still best to invest on this market what you think you can afford to lose. i know it is already an old piece of advice but you will thank yourself if things don't go as planned.

Bitcoin is a good investment, but I will say it for those who can hold it for long periods of time. It is not that if someone buys and holds for a short period of time, they can't make profits, but the truth is that such people have to understand much about how the Bitcoin market moves, especially the right time to buy and the right time to sell. Without knowledge, I will just advise anyone to hold it for a long period of time if they want to make reasonable profits from their Bitcoin investment.
 
It is never too late to invest in Bitcoin, but I will not advise you to use the money you like to use in the near future to invest in Bitcoin because nobody can predict the movement of the Bitcoin price in a few months before halving or even after halving. People are just hoping that what always happens after any halving in a pass will still happen, which is a bull run, but still, nobody can actually say when the bull run will start. That means there is no assurance of what will happen to the Bitcoin price in the future, but people are just predicting using the history of what has happened in the past. So if you want to invest in Bitcoin, use an amount you can afford to lose, and I think that will make you hold it for a long time.

Well you cant simply risk your money in the bank that has been allocated fot something important. Yes it van increase but you dont know that since it happened already. But before it gone to its price now, of course everyone is hesitant about investing on its price when its still 26k cause nobody knows if its gonna pump or maybe it will crash hard isnt it?

You should not take the risk earlier if that fund is for your education. Historical data shows bitcoin's massive growth but that doesn't mean this time it will be the same. Also in the past every time bitcoin made a rally it went through a lot of manipulation, crash and many other horrible things which can break even hard people. You are new to bitcoin so don't gamble with your life. But you can invest any funds that you can afford to lose.

As far as I know the basic rule of trading or investment is that invest as much as you can afford to lose. Here I see your father sold cows and gave this money for your education.  So from this money you have to pay the semester fee to your university periodically.
You just see that Bitcoin has pumped, and then you made and easy prediction that Bitcoin could touch over 40k. Bro Bitcoin is a highly volatile coin, it is not so easy to speculate what will be the price of Bitcoin. Moreover, there is still a lot of time left for Bitcoin halving and there is no guarantee that Bitcoin will be pumped as soon as it is halved.  The market is slightly higher now but could go lower again at any time. So my advice for you that don't put your education feea on risk.  If you want, if you have a separate small income, you can take a long term strategy for investment.  Invest from your lazy fund my friend.

When it comes to how to invest and use the funds from your education? Well, I don't know, maybe the degree of education is very important in every sense, but you have to consider whether at this time it's worth the investment, right? Knowing that bitcoin is taking a good bullish turn, it is said that by the end of 2024 it will have a very high price, of course what is being made is pure predictions, the best analysts are affirming that with their technical analyses, but I would take the risk I would choose to work that money, it is better than having it in a bank, if those 10 thousand usd become up to $30k it would be worth it, depending on how much bitcoin rises, I would take the risk, or I would simply wait until the btcoin rose in price, in the meantime I would work or something like that.

If I were you I would not regret what happened because it was your parents' money that was set aside for your education costs. That is a form of your parents' responsibility for your education and you should be grateful for it because not everyone can get what you feel.
Honestly, I'm a little jealous of you because in the past I didn't have the opportunity to go to college because of my family's financial problems. So be grateful for what you have now and don't even think about investing your college money because investing in bitcoin is quite risky. If you want to invest, you should invest your own pocket money or savings.