Maybe I should have taken this risk earlier. - page 7.

Dickiy

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Quote from: NeilLostBitCoin on October 25, 2023, 08:29:40 AM

When your parents give you money for tuition, it's crucial to use it for its intended purpose. Although investing in cryptocurrency can be tempting, education should be a top priority. Not using the money for tuition could lead to future financial struggles and missed opportunities. Additionally, investing in cryptocurrency comes with inherent risk, and using money meant for education could result in a significant loss that could have been avoided.

Your parents may be disappointed if they discover that the money allocated for your tuition was lost in cryptocurrency, and their trust in you may never recover.

That's right, it's important to allocate money according to what your parents told you to do or for what you intended. Education will always be a top priority especially in the eyes of both parents, and although maybe investing in cryptocurrency is quite tempting in terms of profit but we have to look from various sides first that there will be no big profit opportunities if there is no big risk behind it, so maybe the point is that now is not the time for you to get into that field especially by relying solely on dependents from both parents, it will only be able to cause some problems and of course your parents will definitely be disappointed with the actions you take without their knowledge.

So for now you better focus first on your education, achieve as many achievements as possible there because with that you will be able to have a pretty good chance when you graduate from school to find a more decent and promising job.

Z-tight

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

You are predicting and speculating, but you do not know what is going to happen, so do not take any risk you can't afford to bear, in other words, don't invest more than you can afford to lose. You want to invest with money for your education because you think BTC should pump in the next few months, take note that you cannot tell what will happen with the price of BTC and if you don't know what you are doing, you may even lose your coins, and that's the money for you schooling.

I think we are in the period of fomo, i have seen some topics that show people want to start buying now out of fomo, people like these are never interested in BTC when the price is stable or low, but they are only interested when they see the kind of pump in price that has happened in the last few days.

NeilLostBitCoin

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When your parents give you money for tuition, it's crucial to use it for its intended purpose. Although investing in cryptocurrency can be tempting, education should be a top priority. Not using the money for tuition could lead to future financial struggles and missed opportunities. Additionally, investing in cryptocurrency comes with inherent risk, and using money meant for education could result in a significant loss that could have been avoided.

Your parents may be disappointed if they discover that the money allocated for your tuition was lost in cryptocurrency, and their trust in you may never recover.

Patrol69

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Investment is uncertain. As you said you will get admission in any private university after four to five months but what if your investment for these three to four months is loss instead of gain. Education should be your first priority, if you can invest outside of education you can do it. You can discuss this openly with your family if they can manage your university admission money from somewhere else instead of the money invested after four to five months then you can invest right now. And never rush in recruitment, investing a day earlier or a day later will not give you much profit or loss so take your time and take the right decision.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

If you ask me this is the wrong way of investing in crypto!!

Many new & old crypto investors wait for the markets to first show their intention then they will want to jump on board and when markets pull back because of exhaustion we now change the narrative that we have lost money ...the rules of the game haven't changed, buy low sell high and never the other way round.

Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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

If you are investing a small amount you can never know the real profits you are making unless you invest big as profits are proportional to the size of capital injected.

Adams0001

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

I see you like investing in bitcoin, but since you don't have money to invest in bitcoin, is your education money that your parents work hard to get so that you will be educated, my advice to you is that don't use the since it is for education and is very important in society, education is one of the things that make many people succeed in this life, bitcoin is something that is unpredictable the price change anytime he can increase and decrease so if you mistakenly invest the money in bitcoin now and in the next 5 months and the market goes bad, how can you recover the money since you are a student not a worker and you will put your parents in a very difficult condition because they will not expect you to do that, because they will think you have the interest of going to school too and you later make them feel bad, so it is better you look for another place to get money so that you can invest in bitcoin and get profit if you leave it for long term and remember invest what you can afford to lose.

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Quote from: peter0425 on October 25, 2023, 06:54:09 AM

You are brave enough to invest that amount , maybe because in your mind even if you did not meet the target income before you need that money for University, there are still some cow in your farm that parents can sell to cover that amount.
also you are confident because a graduate person , you can already find a decent Job even without that university diploma?

But I love your trust in bitcoin , the people like you are the one that is best for the crypto market because you know how to risk but you trust the system that will generate you income in time.

Have you ever asked the question, if OP really believed in bitcoin then why didn't he invest when it was priced at $26k? He still suspects bitcoin will fall even more and doesn't invest at that time. And now he sees the price of bitcoin going up and is afraid he's going to miss the roller coaster, and wants to invest because he thinks it will keep going up? I don't think he really has faith in bitcoin, I think he fell into the market Fomo trap.

Furthermore, if it was his hard-earned money, do you think he would have the courage to invest it? Or does he rely on his parents and thinks that if he loses, they will give him another amount of money?

peter0425

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You are brave enough to invest that amount , maybe because in your mind even if you did not meet the target income before you need that money for University, there are still some cow in your farm that parents can sell to cover that amount.
also you are confident because a graduate person , you can already find a decent Job even without that university diploma?

But I love your trust in bitcoin , the people like you are the one that is best for the crypto market because you know how to risk but you trust the system that will generate you income in time.

DanWalker

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Quote from: Cryptmuster on October 25, 2023, 03:55:48 AM

Quote from: bayu7adi on October 24, 2023, 08:01:48 PM

You know, it's rather peculiar how many people experience regret when Bitcoin experiences sudden surges, even if they didn't incur any losses or part with a single cent. I'm aware that Bitcoin sometimes offers unforeseen opportunities for anyone holding it to turn a profit, and it seems to be a trait possessed by those who maintain their faith in Bitcoin even during price dips.

Are you interested in owning Bitcoin and reaping the benefits? You can do so now and relish the rewards when the market turns bullish. There has indeed been a recent price increase that's caught the attention of many. However, I'd venture to say that we haven't quite entered a true bullish market just yet. When it comes to ETFs, the real bullish market will only be confirmed when the SEC announces the full acceptance of Bitcoin ETFs.

Perhaps this is why they are delaying the approval of the ETF, since the bull market should begin a little later, in a few months, in 2024, and until then this news will be manipulated as best they can to get the maximum benefit from it. Even if the bull market has not arrived, buying Bitcoin now at 34k does not seem as good an idea as when the price was at the level of 15-20k. This is, of course, everyone’s choice, because even from the current level you will most likely be able to get x2, maybe even x3.

I agree with you that buying at a lower price is better, but bitcoin hasn't dropped to $15k or $20k anymore, and if they don't buy now how can they enter the market? Not everyone has the opportunity to buy bitcoin cheaply, how could newbies to the market buy bitcoin for 15k$ last year? If you think $34k is not a good price to buy, what is a good price to buy? Are you sure the price will drop to $20k or $15k? Or will you regret it even more when the bitcoin price hits $50k or $60k in the near future? Buy and invest in bitcoin as soon as you can and hold on to it for a long time, it will never let you down.

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Quote from: Oasisman on October 24, 2023, 10:43:02 PM

Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

It's not going to be a wrong decision as long as you will put the amount of money which you can afford to lose. Bitcoin still bears a risk regardless if it has proven us many times how much price it is capable of reaching. Nobody knows when will bitcoin is going to pump again or when will it hit your target, so for the time being you don't want to have unwanted sudden withdrawals, otherwise you'll either lose some or lose an opportunity to maximize your profit. This is just one of the major thing you will consider before putting your money to bitcoin. Set it up for long term investment.

He's just a student, doesn't have a job and is receiving an allowance from his parents, where can he get the money he can afford to lose? Moreover, he only felt emotional when he saw the price of bitcoin rising, he did not have any knowledge. Because a person with knowledge and experience would never be able to make such a judgment. No one can predict what bitcoin will be like in the future, and that's why we consider it a long-term investment. In my opinion, it's best for him not to invest in bitcoin because it's not his money and he doesn't know anything about it.

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Quote from: bayu7adi on October 24, 2023, 08:01:48 PM

You know, it's rather peculiar how many people experience regret when Bitcoin experiences sudden surges, even if they didn't incur any losses or part with a single cent. I'm aware that Bitcoin sometimes offers unforeseen opportunities for anyone holding it to turn a profit, and it seems to be a trait possessed by those who maintain their faith in Bitcoin even during price dips.

Are you interested in owning Bitcoin and reaping the benefits? You can do so now and relish the rewards when the market turns bullish. There has indeed been a recent price increase that's caught the attention of many. However, I'd venture to say that we haven't quite entered a true bullish market just yet. When it comes to ETFs, the real bullish market will only be confirmed when the SEC announces the full acceptance of Bitcoin ETFs.

Perhaps this is why they are delaying the approval of the ETF, since the bull market should begin a little later, in a few months, in 2024, and until then this news will be manipulated as best they can to get the maximum benefit from it. Even if the bull market has not arrived, buying Bitcoin now at 34k does not seem as good an idea as when the price was at the level of 15-20k. This is, of course, everyone’s choice, because even from the current level you will most likely be able to get x2, maybe even x3.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

Investing your money in bitcoin is risky since we are aware that the value of BTC is unpredictable and unstable, you should carefully review your risk tolerance before you invest. Before you consider Bitcoin as an investment, you should consider carefully your own goals and determine what you want to accomplish. It's better to finish your study first and if you have extra money for BTC then invest it, don't let yourself run out of money. it's better to have savings and investments at the same time, and learn how to diversify.

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Quote from: Assface16678 on October 25, 2023, 12:00:27 AM

Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

Well, buddy, think before you invest in bitcoin. Maybe you discovered bitcoin because of its sudden surge in price recently, and I think you only got hyped because of that and decided to invest in bitcoin using the money you've saved. I think before you invest, you should study first how bitcoin works and if you are really sure that your prediction is correct. because what if bitcoin decreases after you buy? Your capital could be gone if the percentage of downtrade is too low and your equity can't keep up. So do further research and study while you are also studying for your college, and if you are ready, then you can engage in investing, but of course with caution. Try a small amount of capital first, and if it is earned, then keep it. and invest the money you've earned in such a way that even if you lose it, it will not be hurtful for you.

Study first what we will do so that we don't make mistakes if we start investing. If we don't understand it well then we need to look for people who have experience in this field because if we start without knowledge and without being accompanied by people who have experience in this field, I think it is very likely that the money we use for investment will not last long. You are right, trying with a little capital will certainly make us understand it gradually and if we understand it well then we can use the savings we have.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

Well, buddy, think before you invest in bitcoin. Maybe you discovered bitcoin because of its sudden surge in price recently, and I think you only got hyped because of that and decided to invest in bitcoin using the money you've saved. I think before you invest, you should study first how bitcoin works and if you are really sure that your prediction is correct. because what if bitcoin decreases after you buy? Your capital could be gone if the percentage of downtrade is too low and your equity can't keep up. So do further research and study while you are also studying for your college, and if you are ready, then you can engage in investing, but of course with caution. Try a small amount of capital first, and if it is earned, then keep it. and invest the money you've earned in such a way that even if you lose it, it will not be hurtful for you.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

I just think that if your parents has saved some amount for your education in bank then leave it for the completion of your education because your parents can understand better than you. Once you get education then if you don't have any investment then you can easily get a job and then utilise your salary in investment but once you loss the chance of getting education then you will not be able to attain it as a person who taste wealth loss interest in getting education.
Don't make any decision in which the will of your parents are not present because they do each and everything for your happiness and if you use that money which they kept for you education and unfortunately failed to get profit then you will make your parents upset as well as you will miss the chance of getting education on time so be careful about your each step.

Oasisman

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

It's not going to be a wrong decision as long as you will put the amount of money which you can afford to lose. Bitcoin still bears a risk regardless if it has proven us many times how much price it is capable of reaching. Nobody knows when will bitcoin is going to pump again or when will it hit your target, so for the time being you don't want to have unwanted sudden withdrawals, otherwise you'll either lose some or lose an opportunity to maximize your profit. This is just one of the major thing you will consider before putting your money to bitcoin. Set it up for long term investment.

libert19

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It's not new to think like that. Everyone feels like they should have invested earlier when prices rise. Although, history data suggests Bitcoin is sure to rise further, do you have means to take care of your education in case it doesn't rise in the expected timeframe? What about the exchange you hold your BTC on gets hacked? If you hold it into a wallet, it can get hacked too as atomic wallet case has shown us?

I think there are many what if's that I wouldn't suggest you doing so. Also, it's your father's money, not yours albeit for your education.

I'd rather suggest to participate in Bitvest signature campaign which has open slot for your rank. You can accumulate BTC doing it, without having to risk your educational funds.

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Quote from: Ale88 on October 24, 2023, 09:26:20 PM

Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

You need to be extremely careful because right now everybody is in FOMO mode and, reading your post,I understand that you are actually going to need that money in a few months, so if you buy now you'd be buying at the highest price we've seen in the last year and there is absolutely no way to know whether the price will keep going up or if soon it'll start dumping, so you would take a huge bet. If the price starts going down what are going to do? You're losing the money your father gave you for your school? In my opinion right now is already too late to buy bitcoin in your situation simply because the first rule is to invest only what you can afford to lose, and you can't lose that money.

Yes, it is very risky for OP because Bitcoin price is not easy to predict and anything can happen due to several factors that we never know before. And another reason is because you only want a few months to make a profit from Bitcoin and it's very difficult, and if you did as you said when the price of Bitcoin was still 26K, you would have made a profit by now.
You should invest in Bitcoin using money you can afford to lose. And don't use important money like OP for university entrance fees in a few months and this is very risky because if forced you have to be prepared if you experience losses and that will thwart your plans.
So, you have to think carefully because the price of Bitcoin is not easy to predict, even though it is currently slowly starting to rise, no one knows in the near future whether it will continue to rise or vice versa.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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 current money you have is for your education, the money you will use in a few months. No one can confirm whether the price of Bitcoin will go up or down. If ever you invested money in Bitcoin, the risk is high, if it goes down, it will take a lot of time before it can recover. How will you cover your education if that happens?

Don't regret something you didn't lose, instead, use it as your starting point to gain knowledge of when is the right time to buy Bitcoin. What is happening to you right now, thinking it might cross above $40k, you're getting fomo mate. Be wise, try to learn first then invest when that happens. There are a lot of opportunities to buy, don't regret it for now as it is still early for that.

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Quote from: Essential10 on October 24, 2023, 12:15:38 PM

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.

You need to be extremely careful because right now everybody is in FOMO mode and, reading your post,I understand that you are actually going to need that money in a few months, so if you buy now you'd be buying at the highest price we've seen in the last year and there is absolutely no way to know whether the price will keep going up or if soon it'll start dumping, so you would take a huge bet. If the price starts going down what are going to do? You're losing the money your father gave you for your school? In my opinion right now is already too late to buy bitcoin in your situation simply because the first rule is to invest only what you can afford to lose, and you can't lose that money.

Topic: Maybe I should have taken this risk earlier. - page 7. (Read 1139 times)