Topic: Money for school fees. Invested in bitcoin. - page 41. (Read 2968 times)

Don't play with money that is needed for important things.

ok you know you did something very risky, but it would help if you said when the next payment will be



It is very difficult to know this because you did not mention when the next payment will be, for example if your next payment was in November of this year, then you would probably have a chance to have some profit and have the money to make your payment, but without knowing when it will be your next payment, no way to give you any advice.

If you think that you can pay the double fee when it comes by the profit from Bitcoin, you are wrong. It can't get up to double the price, I hope you have cash to pay the fee, that wasnt really smart. You could have invested a part of the money, not everything you got. I hope you dont lose money on this, it would be a real shame.

It might pay up, but is guess this is a subject to be discused with parents as well. Maybe it sounds a little bit .. as an old class but you know, at least they know what you intend to do and not completly hiding your project.. just my point of view

You are gambling with your money. Plain and simple. You would be better off just taking this money to the casino and putting it all on black for a 48% chance in doubling it up. You are going to have to pay your tuition and fees likely before the end of this current semester meaning you are only going to be able to hold for a few more months. What happens if BTC trades flat/down for the next year?

Please do not take this kind of risk again. It is an uncalculated risk. You may lose the  money and your education will be suspended. Every one will blame you and call you names.

First of all, you should only and always do what you believe is the best for you. Nobody here has a crystal ball that can tell what's going to happen with Bitcoin, so anyone criticizing you for this decision, or praising you because you'll be in profit have no clue what they're talking about, and you shouldn't give their "advice" any validity or let it affect how you decide to move forward with Bitcoin.

Here's a very important question for you: What are you doing with the Bitcoin you invested in? Are you simply holding it? Are you planning on short trading and arbitrage to make a profit?

Given that you used your money to buy bitcoins rather than further your education, there's a small greed factor of expecting returns for buying the Bitcoin. My advice to you is that since you've already invested in it, you should now use your time wisely in order to learn about the many ways you can use your current investment to make more money.

The exchange markets are comparable to the penny stocks in the United States in the late-80's. It's like the Wild West, and you can make a HUGE profit, but the risk is extremely high. You'd be aligning and associating yourself with shitcoins that were designed solely for pumping and dumping, but if you're able to sleep at night, a few hours of research everyday about new shitcoins could potentially lead to you short-trading your way into deeper pocketbooks.

Since you won't be going to school next semester, you should look into ways of earning crypto by spending time online. There are different ways to earn bounties, and you'll find many sources here in these forums.

If you're proficient in web tech and development, you can easily create a website where you offer links to sites where others can earn bitcoin for free. Most of these sites (faucets) have referral programs that pay a percentage of what your referral claims, and if you build a referral network of thousands, you could easily make a few bucks a week. More if you know what you're doing. At one point, I referred over 6,000 to a faucet site, and I was earning $80-100 per WEEK from that one site alone. This takes a good amount of your time and knowledge (to make sure that you're not referring users to scam sites or sites that do not pay), but could be profitable if you know how to juggle your earnings vs. investments in ads and marketing services.

Now, for my personal opinion about your decision to invest rather than going to school? Kudos to you. You obviously have a grandeur vision about bitcoin and (hopefully) its technology. I'm a high-school drop-out, and I realized that I possessed the fundamental knowledge of what school teaches you to prepare you for the real world:

• Discipline: How to create and follow your own schedule, and apply your discipline to maintain everything in your life, such as your job and any extracurricular activities.
• Social Interaction: How well you interact with others.
• Practical Application of Knowledge: possessing the gumption to know how to utilize your knowledge of what you've learned and apply it towards the best situation outcome of whatever you experience on a day-to-day basis.

If I leave you with anything, please remember this, as it's a mistake that a lot of people generally make when it comes to crypto: If it sounds too good to be true, then it more-than-likely is. Stay away from sites and services that offer you any return on your investment. There's no way that any company can GUARANTEE you a return, and any site that claims that they can is a ponzi scheme. This includes cloud mining sites.

With that said, welcome to the world of crypto, and I wish you the best! Surf around the forums here; there is a TON of knowledge and some pretty awesome people that can help point you in the right direction!

You have to think again, about this
risking money for education is tantamount to risking your future
My suggestion is that you must follow a prize campaign, raising money for your future education

i cant say you did is really wrong, but hope before you do it. you think 10x because you know in bitcoin not 100% will succeed, because even you invested you need to work for it. but i believe every mistakes charge into your expenrience . goodluck and godbless!  

first of all, i will say you are so brave to use all the money for eduction to invest bitcoin, however this not a good idea because you may loose all money and have nothing to take care your study in the future. Moreover, not thing can make sure bitcoin will keep rising forever for you to sell for profit in the future.

don't rush man
i think you will screw in this investment
you know why ?
because you rushing your knowladge to something you don't even knowing. i know you will fail because your emotion still not grow up

even people with spare money wouldn't do that stupid thing. investment is risky, especially if you don't know about what you invested. if you still can, withdraw your money, work part time and buy bitcoin with it if you want to invest.

I understand the intent of investing but as you can see, you just made a mistake in putting your money in the proper place. Well I do not actually say that bitcoin is bad for you, what I am practically trying to explain here is that it is all right to invest for your future but you should invest the right way. Doing it for the expense of not having your tuition paid is a bit rude for your parents. So if you really are eager to earn money, I think you should do something to earn for you to get the money that you had invested in bitcoin and get your tuition paid. In that way you invested the correct way. And also I think that your parents would be very glad to hear that you are going that far to be a successful person by showing them that you are eager to earn and to learn at the same time. 

I do not think you are making the right choice. You are using tuition to invest in bitcoin. That's really too dangerous. Are you sure it can recover profits early for you? There are safer ways to earn bitcoin. I think you should join the signature campaign to earn a safer income for you

Yes you are wrong, but better priority education because it is very risky. But in this forum you can get coin for free with join in bounty. Although not get bitcoin but other coin remain profitable too. So, the money you have can pay for the school too.

So somehow you are betting that bitcoin will double at the time you would have to pay the second school fees? no, that's not how that works. It could go down by 50% then for all we know.

You are still a student and shouldn't be 'investing' in something since you don't have the money in the first place (unless you are doing part-time jobs). You are basically betting with ghost money now.

You made a mistake by taking money from your school to invest, my advice is that with the profit you pay what you owe from the school, you always have to pay for your responsibilities and then take the rest for short-term investments, for this time I hope you have no problems, but you must create an economic plan to establish yourself within the business and at the same time maintain your studies

Very risky. Try to save some other money not your school fees.

I think it is not a good way to get a profit. I don't agree with your way. if your school was funded by parents, you better apologize to them. Yes .today bitcoin drops. so now is a good time to buy and invest in bitcoin. but it's better to buy you are looking for another way, such as trade,or you can borrow capital to your friends. and then the benefits you use to buy bitcoin.

which you do is quite risky why you choose not to pay for school only to make an investment on bitcoin. I only advise you if your goal to save an asset for the future should be to do a job outside of school hours for example by doing a signature promotion that you can do in this forum and your payment can save for a future asset. this is my advice and the rest will be a decision in your hand remember your friends are still a long step so do your best for your future.