Topic: Maybe I should have taken this risk earlier. - page 9. (Read 1159 times)

No one holds the future of bitcoin so I believe that you are not alone in your present state right now. So don't blame yourself for not investing in bitcoin earlier because in reality, there are still a lot of opportunities coming to perfectly invest in the market. Just wait for another price drop so you can enter at a very good position. However,, with your current life's status, even if you know already about the basics of bitcoin, that is not the only basis for you to decide to invest in bitcoin. Yes, you have your money, but you cannot afford it to lose because that is very important to continue your education.

Learn to focus more on your studies at the moment. Bitcoin investment can definitely wait because there's no late or early when it comes to bitcoin investment. And you will only be successful with bitcoin investment if you use your own hard-earned money to invest. And that will only happen if you have your own sustainable source of income. Learn to be patient and wait for the right time to invest.

If you are only investing for a short term period, it maybe risky for you since Bitcoin price movement is so volatile that in just a short span of time, the possible uptrend movement of the market may suddenly reverse.  So I would like to suggest that you should only invest what you can afford to lose and is not allocated to something important as education.  Don't be greedy and think that Bitcoin market is that simple, we have seen lots of people who tried to game the Bitcoin price movement in a short span of time getting rekt. 

If you are in for years then I would encourage you to invest but if your aim is to take advantage of the current uptrend by investing for only 4-5 months I would say think twice or thrice . Study the price history of Bitcoin and if you are able to bear the possible losses without affecting your educational funds then go with your plan.

I also woke up to the price at 34k dollars and saw that the total amount on my wallet has increased, I never planned for an increased if I did I would have brought more stash.

Back to your post Op, first rule of investment is “investing what you can afford to lose”, and in this case the money you’re talking about is not something you can afford to lose since it is designated for your education fee so investing such more and putting it at risk does not look at a good decision to me. Yeah, we just had a pump recently but what would you have done if having purchasing bitcoin the price dropped? And during that 4-5 months of your admission process the price remained constant… what would you have done?

When you missed an opportunity, don’t over work yourself because of it just continue doing your thing because if you should make a decision beaded kn what just happened thinking same thing will happen again might lead to you losing your money.

It's a good thing that at an early age, you develop the love for bitcoin investing. It just proves that you have a great plan for your future to achieve financial freedom. However, know that bitcoin investment has its own risk, so it will never guarantee that you will always make profits in the end. This is why only invest what you can afford to lose. And in your case, I don't think investing at the moment with your money that will be usable after a couple of months is a good decision. Prioritize your education first not because it's the right thing to do, but also because your parents are working hard just to provide that huge amount of funds. And they are expecting you to graduate from a prestigious university so you need to make it happen.

For now, the best thing you can do is to continue studying about bitcoin. When you have your own source of income and you have spare money, that's the best time to invest so you can invest for long term without worrying if you lose your funds in the process.

Please don't compromise what your father did to sell the cows. If it is intended for you to pay for your study or graduate program then use it for what it is assigned for. I know that time is important for both, investing in Bitcoin and as well as for your studies. But don't let your father down at this time because what they expected you to do for that money should be followed. We all understand that taking risks is also what's going to prevent you from gaining profit but the disappointment of parents is more painful from the losses that you'll incur if the market doesn't grow much this time. No one anticipated that the movement of Bitcoin from this time will be this quick although it has always been volatile and moves like this can come at any moment. Do not blame yourself, do not blame your parents and it's better to finish what you have to finish and if you have some spare money then use that for DCAing instead of spending on nonsense things. Because you can always invest in Bitcoin at any time while you can also say that for what program you're going through with your studies but, once you are done with that and become employed, the money you earn there can be invested without any regret on your end.

Education is important you need to rethink the money is it right to invest in bitcoin?

You expect a return for the next 4-5 months we cannot predict whether the price of bitcoin can go to $40K or $50K what if bitcoin is stuck at the current price or drops in price lower than now that no one will ever know, but if you invest with no specific time target then it is good but if it is pursued in a short time it will be difficult.

Well there's nothing wrong with starting investing now, are you ready? Everything is possible if the expectations don't match the expectations? If you hold bitcoin until the end of 2024 then it will be more profitable than expecting after halving bitcoin to rise, I don't think that's sure.

This is the problem with newcomers these days. They will see the potential of a thing only after it has already made it s impact. The market looks juicy when it's all green and because of this most of the people joins the race at this point. Little did they know, what goes up comes down as well. The market is green now but how long will it stay? Truth is, no one knows.

Bitcoin is not something that you should not know about. It is not a new thing and it has proven itself many times in the past that it already possess the potential. All we need to do is accumulate it. So those people who don't see this potential when the market is red, they will never be able to see the potential when it's green. There will never understand the market.

Bitcoin was $15,000 in this year. Not many people mention it because they did not invest when it was red. They only invested again when they see the market returns to Green. Right now, you are doing the same thing saying that Bitcoin was 26,000 and you should have invested back then.

As I see the chart, Bitcoin is moving around $32,000 right now. It could go to $40,000 or $50,000 in the future. And why stop there when it could grow more. Even surpassing all the previous records.

There are no perfect times for Bitcoin investment. The moment you put your money into Bitcoin investment, your times start from there. Bitcoin is a long-term investment asset and for that reason just invest whatever you can and hodl. That's it.

From what you have just said, it is clear that the money in question isn't your money, though it was deposited into your account. The money was given to you for educational purposes and if anything happens to it, questions will be asked and answers demanded. So I suggest you shouldn't use this money to buy BTC, save your personal money and then you could use it for investment in BTC.

Fear of missing out  , that's what is affecting you right now OP, weeks ago many people are bearish and suddenly because of this pump everyone turned bullish, you should have start buying Bitcoin since last year but many are so confused that Bitcoin will go down lower.

It's not too late and I won't advice you to chase this pump, very soon we can turn bearish again before the real bull market starts, hold your horses for now and wait for some retracement before you invest a penny.

This is my advice and you don't have to go for it, but I just believe that a correction after every pump is unavoidable in this market, the rest decision is on you.

I would rather suggest not to invest that money into bitcoin. Because for short term investors, it is a gambling. You never know which direction the market is going to take. So if that money your father has saved for your college education, don't invest that money into bitcoin.

If you really want to invest in bitcoin, start small and use DCA method. If you have any source of income, use that money to invest in bitcoin in small amounts over a longer period of time.  Don't rush in the crypto market.

1)Hindsight is twenty twenty.

2) Do not invest what you can not afford to lose.

You have fallen for 1)

Do not fall for 2)

After completing your education you have to work to earn money to meet your expenses. What if you can start earning during your studies so when your educatIon will complete you will become financially stable. So EducatIon is necessary but along with bitcoin as we seen many people make their life easy with bitcoin. So No regrets on what happened in past. Buy now and wait for the price to reach its all time high again.

Another purpose of investment is to hope for future profits. Cattle are also included in investment because they sell when the price is in line with the target.
Cows are bought when they are still small at a low price, and over the next few years as they get older they are sold at a higher price.
Cattle farming is not included in this type of investment because people consider investments related to real estate, gold, etc. including Bitcoin, which is widely used as an investment asset.

In my opinion, not investing in Bitcoin doesn't need to be regretted for now because you still have the opportunity to do so after you start to understand the importance of Bitcoin.
The message that I mean is to immediately take the opportunity to do so because the price of Bitcoin is approximately half of its previous high.

It's not too late as they say. That's right. In my opinion, you are ahead of people who don't know about the benefits of investing in Bitcoin.

Depends on the situation because if you arent still needing those funds for a while or lets say for a year or 6-9 months then its not bad to take up such option but it would be always that wise that you should really assume that the thing that you do have in mind couldnt really be an assurance that it would happen knowing that market cant really be just having that 1 way to move or path to take on which means that dumping and correction could also happen to on which means that you cant really be able to assure that you would really be able to make yourself profit on a specific period of time knowing that prices do moves unpredictably. There's no way on telling on where it would be moving. What if the price on the time that you do need the money is on bear mode or bearish sentiment and make that capital of yourse become that
negative? For sure you would really be hindering on the decision you would be making.

This is why always consider out first for the risks involved and if you are that someone who could really accept those risks then this is the time that you would really be putting up such investment
but if you are really that minding about those money to be that intact or complete in preparation of something then taking up risks would really be not your option
to take.

Do not risk money you cannot afford to lose.

Bitcoin is a reliable investment, but expecting returns in four to five months is highly risky due to the volatility of the market. Investments are best done with spare money and a long term target, so you will not anxiously check the charts every few hours and be forced to sell at a loss.

It's not too late to invest, the price can go well beyond $40k but do not rush into an investment cause of movement in the market.

Do your research and take your time.

Education is king.

A good education can open your doors nothing else can.
With investments it's the same as with life, you never know what's coming.
All of crypto might crash in a second or it might go to the moon, who knows. A good education and degree is forever.

So don't have any regrets. It's never too late

You won't think about it when bitcoin price moves the other way. See there's no one to blame or something to regret with what happened because we cannot really predict the future. I think the lesson you need to learn from this is to take the risk, without risks you cannot gain from something. I know we all did regret on how big we missed investing on bitcoin back then, this is the same feeling you had when it crossed $34K, imagine there are people who sold their bitcoin for less than $100, $500, and $1000. Investing now might be a bad idea, I'm speculating that it won't reach $40K by the end of this year, and you badly need the money for your education. Learn to time your risk taking.

I have seen several topics like this recently and I can say they are all people expressing regrets for not buying Bitcoin below $30k. Many that are still holding back their tears will still let it out when Bitcoin hits $40k, $50k and so on.
Without the sudden rise in Bitcoin price, I doubt we would have seen topics like these.

I will advice you to be cautious so that you are not caught in FOMO. Bitcoin can reverse and go down a little before continuing the rise, when this happens won't you sell at a loss? There are many factors that will come into play when you buy Bitcoin with money kept for something else... you will not be able to manage the investment properly because you will be dealing with greed and fear at the same time.

The best would have been buying small amount and accumulated over a long period of time since when Bitcoin was in consolidation. 

There is no reason to regret your failure to buy Bitcoin because you never knew that the price would get to this level at this time of the year.

1. Having a four-month investment plan is not ideal for a Bitcoin investor. It is too short to make a profit.

2. The money was for your school fees and shouldn't be risked because the Bitcoin market is unpredictable. You and your parent's priority now is your education. You have to focus on your studies and come out with good skills and grades.

3. Hopefully after your education you will secure a job and start earning. Bitcoin will still be around, with your earnings you can buy as much as you want.

Note: Never use a fund that is not your own or budgeted for essential needs to invest in any sector because you might not be able to foresee the outcome.

Friendly advice: Don't blame yourself and don't speculate. Read this book: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

When you read it, you will have a solid understanding of what bitcoin really is. Once you have this understanding, you can (if you want) buy Bitcoin and save it in cold storage. If you understand Bitcoin properly, you will realise the price doesn't really matter.