Hi there! I just need your advice. I invested the money instead of paying my school fees. Yeah, i know this is wrong because education is more important to us and it can't be stealed from us, i'm still studying but my fees will be doubled on the next payment. But i believe this will end a good result. What do you think about this ? Your advice will be highly appreciated. Thanks!
You have invested the money in bitcoins that was to go in paying the school fees. Alright, but do you have any other source for paying the school fees? If you have decided to invest in bitcoins rather than investing in your education, then my friend I feel you should reconsider your decision. Education is not just an investment that someone will not be able to 'steal' from us, it is an investment on character, knowledge, dignity, personality and social acceptance. It is not just about getting good grades and gaining a good job. It is about character building and leading the society. Serving your people and taking the generation in the right direction.
Bitcoin values are fluctuating. If you have been following, you should know that the last quarter of 2017 on bitcoin held almost a value as high as 17000$ (USD) and today it is around $11000 (USD). Do you see the fluctuation? If you have a pocket money or a saving by any chance or an earning then it is good to invest that money into bitcoins and certainly not your school fees.
It is perhaps the fact that 'doubling' of school fees and your circumstances have lead you to think of this option. But always a risk needs to be taken with that which you can afford to lose or if you are left with no other option. I would certainly request you to reconsider your decision personally.
The one interesting fact is that the values keep hitting peaks and ebbs way too often. Hence, we say that the volatility is quite high. In such cases as a part time you can look into trading especially with Ethereum and other Altcoins. That will be of a great help. This year however the value of Bitcoin is expected to touch $15000 (USD) by end of may. In general this is the correct time to invest in Bitcoins when its value is down. In a short span of time the investment made now can see profits.