Bitcoin Forum

I'm a student still studying, and I've been putting away some money from my trust fund over the last 3 years. Because money doesn't seem to buy as much as before in my country and maybe even everywhere, I'm thinking about what to do with my savings. I've been hearing about this thing called cryptocurrency and Bitcoin. People say you can buy Bitcoin and become really wealthy. Even one of my classmates told me the same thing.

I talked to my classmate, and he said I could learn about it on my own because there's a lot of information out there. That's how I ended up finding this forum. So, here's what I want to know: Is it a good idea if I use the money I've saved up from 3 years of my trust fund to buy Bitcoin?

Your friends narrative about bitcoin is both wrong and just a little bit right. Bitcoin doesn’t get you really wealthy as you put it out to be. It is usually for transactions but due to its volatility and limited supply it is the advantage of been a store of value and People save in it to avoid the devaluation that comes with the fiat currency. It is this volatility that causes it to have a ROI and people gain profit from it when it is hold on to for long time or bought at a low price. But it doesn’t burst up like you painted it to be


This seems more of a critical question, one of the first thing in investing in bitcoin is having to invest an amount you can afford to lose and this is not any amount you can afford to lose so it is a No. Also the timing for when you will want to get back the money or withdraw is very important. The market might be in bearish period and you would need the money back and selling it off that period could result in a loss for you.

So the question is how long are saving this money for, if it is above 5 years then it would be advisable to save in bitcoin since the fiat value is threatened with devaluation when hold for long due to inflation. But if it less than then I wouldn’t advise you to save in it.

Also you need an extensive knowledge on how to safeguard your funds, so before getting this knowledge do not go on and just buy. Lastly stay away from other cryptocurrencies as investment coins.

Don't listen to everything that people tell you, DYOR about Bitcoin. It is not a get rich quick scheme, but a long term investment, and how much savings are we even talking about here that you want to get really wealthy with through Bitcoin?
There is actually quite a lot of information about Bitcoin that you can learn online and in this forum too, but mind you that buying Bitcoin when you have no idea of what you're buying, and only because you want to get rich is a recipe for failure, you'd lose your Bitcoins to the cheapest scammers on the network because you didn't pay attention to what's important. Having said that, buying Bitcoin with a part of your savings is a good idea if you do what i said above and follow the rule of thumb of not investing more than you can afford to lose.

According to my observation you are a newbie and don't know details about What is Bitcoin, How it works and How it is a potential investment, How to secure your Bitcoin.

So first learn every details about Bitcoin and about it's advantages and risks so that you may not regret in future if there is a unexpected dump. I will suggest if you can hold it for long term then you can easily choose Bitcoin. Holding fiat currency isn't a good idea as it has inflation. If I was you then I will study much more about Bitcoin and research by own to decide if it's suitable for me or not. But to suggest you I will say obviously Bitcoin is a potential investment but you have to know the correct way or time to enter. You can do DCA (Dollar Cost Averaging) to make a good investment plan. And hold your Bitcoin in a Hardware wallet or in Open Source non custodial wallets like Electrum, Blue Wallet, Micelium Wallet etc.

To learn details about Bitcoin you can read this article: What is Bitcoin? (https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin)

Deciding to invest in Bitcoin or any other cryptocurrency as a student is a personal choice. It's important to carefully consider the risks and potential rewards, as the value of cryptocurrencies can be highly volatile. Make sure you're financially stable, have an emergency fund, and are comfortable with the possibility of losing the money you invest. It's also a good idea to research and understand how cryptocurrencies work before making any investment decisions.

Who is the source of your money in the trust fund and is your money on your savings is not for your school expenses? I believe buying Bitcoin is really a good idea if the money you will be investing on Bitcoin is just personal savings and not for your school expenses.

Bitcoin is very good investment to fight inflation because it’s value is not related to fiat while the supply is very limited. Your Bitcoin will surely grow in fiat value when inflayion hits hard. But you should be aware that Bitcoin is not an instrument of wealth or something. Bitcoin is an which doesn’t affected by inflation. Bitcoin price grow because fiat value is decreasing while the demand for it is increasing due to its limited supply.

In investment, dont put all of your savings it's a dumb idea, because in case of emergency you have a small amount of money for your needs, instead invest few of your money to the crypto if you still really want to. Currently we are in the down of the market people are waiting for the next halving and accumulate as possible, you can ride with it or make a trade for a daily or weekly basis to gain profit for the short term and hold for a long term. If your allowance is your source of income manage this properly but if you are a working student seems ideal make invest only your super extra, I know its hard to become a working student too so make your study well and invest when you afford now.

Not really, it all depends on your risk tolerance and your other financial situation which you have not revealed here. Investing is a risk, you have to understand and accept that there are no guarantees that you will profit in the end despite historical data on that investment.
You also need patience; if you do not have enough money at your disposal to handle other expenses then do not risk all your savings in Bitcoin.

Depends on your definition of wealth really.
Ten years ago Bitcoin could give you a profit of ×1000 or more from your initial investment, but not you should realistically expect a Mac of ×4 during the bullrun season and depending on what price you bought at.

You can hold longer that the next bull run and have a ten year or more target, but there are still no guarantees of wealth.

If you save up some money and use it to buy Bitcoin, there's a chance the value of your Bitcoin might go up really fast, and you could make some extra money. But, on the other hand, it could also go down just as quickly, and you might end up with less money than you started with. It's important to think about whether you're okay with the idea that your money could go up or down in value. Are you someone who's cool with taking a bit of a chance, or do you prefer to play it safe?

As a student also consider what you need your money for. If you have important stuff like bills or loans to pay, maybe those should come first before you think about Bitcoin. And if you're using money from a trust fund, make sure it's okay to use it for Bitcoin.

There are some problems buried in this statement, in my opinion:

• Bitcoin is a high-risk investment and should be treated as such. Therefore, you should never invest more money in Bitcoin than you are willing to lose.
• As an investor you should never follow investment tips blindly, crypto influencers who promote "the next big thing" will teach you a hard lesson otherwise
• "this thing called cryptocurrency" shows that you haven't really dealt with the topic(s) in general. Here I would strongly recommend you to read up on what Bitcoin (and cryptocurrencies in general) are and why Bitcoin is so much more than an "investment to get rich quick". Only after you understand that would I think about buying Bitcoins. When this time comes, the first point applies again: never invest more than you are willing to lose.

You can find a lot of information about what Bitcoin is, how Bitcoin works and what is so ingenious about Bitcoin here in the forum - or via simple Google searches. For example, you can find a great video right in one of the pinned threads here: Newbies - Read before posting (https://bitcointalk.org/index.php?topic=1689727.0)

Try to know first how far your knowledge about bitcoin since if you are newbie which I think that it is since you ask this question then this is not really advisable for you to do knowing the risk is high so you might lost your trust fund in quick bad market action.

Better use small amount first to test the risk so that you would know that its really hard to do quick decision especially that money is saved for 3 years. Don't rush to do some decision making on risky matters study first before participating on anything.

It's not that easy to become rich though, and that is the very first mindset that everyone got wrong in the beginning. Bitcoin investment is not a "get rich scheme", and there are a lot of scammers here that you attract you to invest in them and make claims like x10 or your investments will grow overtime in just short amount of time.

As for putting your trust fund into bitcoin, just remember that there is a big risk as well. As market moves in a bear to bull market in a 4 year cycle span. So it's not going to be very easy to you to see your money going down in a bear market.

Is bitcoin a good investment? Yes, it is. But it won't make you rich especially short term and there are also no guarantees in the long run. My assumption of bitcoin price is like 300% in the next 2 years. That's very far from making someone rich but way better than making your savings sleep in the bank beaten by inflation.

You can learn a lot in this forum. As you explore the different boards, there are pinned threads and you can read them before delving into many other topics. Stay away from scammers by not entertaining any direct messages from strangers. Good luck mate.



 

"Divide and Conquer" or "Don't put all your eggs in one pocket".

Either one of these can serve as the direct answer to the question you have been asking but don't ever think that Bitcoin will make you rich then there is no guarantee and it is just a tool and how good you can play with it tells the real answer.

If you are not ready to lose the money that you are about to invest in Bitcoin then don't invest at all.^{(*Investments are subjected to market risks)}

One of the reasons why it is advisable for you to save your money in digital currency rather than your local fiat is to avoid inflation up to a certain level. Just as you have stated that the money you have today does not possess the same purchasing power again as the value of the fund has reduced drastically because of inflation, if you are not going to be in a hurry to make use of the money that you have saved up for about three years, then I will advise you to choose Bitcoin as a means of saving those funds, but you can consider it as an asset used in stocking your savings rather than a get rich quick means as your course mates have advised.

Having a higher expectation when it comes to the amount of profit that you will be expecting to get from Bitcoin might lead you to disappointment, which might result in panic selling out of fear because you are not getting what you were expecting as told from the beginning. Instead,  focus on the amount you can be able to buy and hold before the end of your schooling. Maybe if luck is on your side and your selling time falls under the bull season, then you can grab those decent profits.

I am with you on this, normally before one engages in any investment,the first thing that is adviceable to do is to make proper research about that particular project you want to invest in,there are different things to consider while making research on that,
1. You must try to know about the period of time it will take for that project to yield a good result for you.
2. You must try to know the strength and weakness of that project.
3.You should look at the amount you have at hand,and know the amount you use in starting it.Having at the back of your mind that while starting an investment,you don't start with a huge amount of money to avoid regret,you should atleast try it with a little amount of money and see the outcome before putting in a reasonable amount if it actually comes out very good.
4.You should try to seek advice from people that are experienced in the field to have an in-depth knowledge about what you are into.I believe these are some Cardinal points you should atleast consider before making any investment.

Hopefully there isn't something or other behind your narrative that wants to get answers about whether or not it's worth investing a trust fund in bitcoins. The essence of the narrative written into this topic is to ask whether the existing funds are suitable for investing in bitcoin and getting rich.

Bitcoin is not a scheme or method to get rich quick. Finally, I said in a post about investing in bitcoin that there is no guarantee that investing in bitcoin will benefit quickly by seeing the price rise quickly as in other types of investment because the price movements of the crypto market are very volatile, but I dare say that investing in bitcoin could be the best way to preserve the value of your current fiat money in the long term compared to other coins in the crypto space.

You have only heard about the types of benefits that will be obtained when investing in bitcoins, but the risks involved when investing in bitcoins also need to be known from anyone who explains to you about investing in bitcoins.
I hope I'm not wrong in answering your question.

Thats a high risk gamble in my opinion. Yes bitcoin is good but you are talking about your trustfund. Anything could goes wrong on the market and thats not gonna be reverted once a bad situation occured.

Why not invest part of yout trustfund but not all. Going all in is a bit extreme especially you are just a student yet. You dont have any source of income and what if you needed it for emergency purposes and somehow thr bitcoin price is below your entry. Means you are still at a loss would you able to bear that withdrawing at a loss just for an emergency.

Good idea or bad idea, only you will know. But there's nothing wrong with using your money to invest in Bitcoin but with a note, you won't be using that money shortly and still have some other money for daily needs and a reserve fund.

Many people have been wrong to start investing in Bitcoin because they use almost all of their savings by buying it. It may be a wise move if a Bitcoin bull run is imminent but no one knows when a bull run will come. And before you start investing in Bitcoin, you should learn more about how to start investing in Bitcoin so you don't go wrong and can still learn calmly while waiting for the bull run.

Apart from that, you also have to learn self-control in investing in Bitcoin because the market is very volatile and if you don't have good self-control, you might just panic and end up selling Bitcoin at a loss. Don't let this happen to you. Therefore, you should learn more before investing in Bitcoin.

I think you have the wrong impression about Bitcoin, you should know that Bitcoin is not a get rich quick money scheme, so don't expect your investment to make a x100 returns anytime soon. As a newbie with no knowledge about bitcoin, I wouldn't want you to invest with blind trust rather spend sometime in learning everything you need to know about it before committing your funds. Another important area I would want you to familiarize yourself is wallet security. It would be really sad to invest your trust fund and have your wallet compromised or funds stolen by a hacker.

That sounds quite risky, especially given your status as a student without a stable income. I would recommend an alternative approach. Instead of investing that money, why not explore online work opportunities that offer payment in Bitcoin? This way, you can mitigate the risks associated with investment and simultaneously invest by holding onto what you earn. It's a form of investment in itself.

If you’re having that mindset that BTC is something that could get you rich quick, it’s better to just save your money in your trust fund. For me, I think you are not yet ready to get into Bitcoin.

You need to dig deep and research first about Bitcoin before you dive in. Also do not go all-in and only spend an extra amount that you can afford to lose if you are ready to dive into Bitcoin.

BTC does not offer guarantees or promises in terms of profits due to its unpredictable up and down movement.

A lot of it depends on a lot of factors.

You can't become wealthy by investing just a few dollars. You need to keep buying and dollar cost average.
You can't become wealthy if you don't know when to buy and when to sell.
You need to understand market conditions and you should have patience.
We can never predict the price of bitcoin and you need to hold strong in worse conditions and wait for the price to recover.
Don't blindly follow what others say because you need to believe in bitcoin and so you should learn more about it.
Keep learning more everyday and then you will know whether you can become wealthy with bitcoin or not.

I don't like it when someone introduced to Bitcoin as if it's a rich quick scheme. It wasn't introduced to me like that and it's more like a cyber thing and deep web shit when people talked about it.

I guess things have changed these days and the common thing that we'll understand about bitcoin is that it's a store of value and in short, an investment.

As a student, you need to weigh things and think of your priorities first. If you've got some spare money to invest then go. But make sure that it's not affecting your studies and tuitions.

Since you're an undergraduate student, it's mean you don't have a lot money. Investing in Bitcoin surely will make double or triple of your initial investment during bull season, but if you just invest small amount of money, the profit you earn will not that much.

It's correct invest in Bitcoin can become really wealthy, if you invest before 2017.

Not everything that is said is true and not wrong, you need to underline, Bitcoin is not a get rich quick investment, there is volatility that occurs every second, minute to hour. You are new to Bitcoin from other people's mouths need further digestion about Bitcoin after you join this forum. Never be tempted by something that can provide profit without studying it first, because behind the profit offered there is a big risk stored.

You are very lucky to be here, take advantage of every spare moment you have to learn how to invest properly. You also need to learn where to store assets to keep your assets safe, first learn the basic knowledge that can help you understand how to invest in Bitcoin. You can invest in stages as a first step in investing in Bitcoin, when you feel ready with a strong mentality, you can save bigger money in the form of Bitcoin.

If you're planning on buying bitcoin in other to be a wealthy person, I'm sorry to say that you are in the wrong place, deposit your trust fund into any bank of your choice and enjoy the ridiculous interest rate they give annually. Bitcoin is not a quick to riches, your friends didn't tell you the good concept of bitcoin, they are making you to invest in bitcoin which is a good idea but doing it for the wealth, that is very wrong. Bitcoin can give you rich but doing so with the intention of becoming a wealthy person will disappoint you, thomgs could go the opposite of what you have in mind and trust me, you will be disappointed and the perception you have about bitcoin will change. So, invest wisely with the intention of a long-term mindset.

One important question you should ask yourself is… Can I afford to lose this money? If yes then you can proceed to using it.

One thing you should take note of is that bitcoin is not a get rich quick scheme so don’t think once you invest your money with few weeks you’ll be able to make thousands or millions of dollars, that’s not how it works. Sometimes you might be required to go in for the long term investment to be able to earn a significant amount of money from it.

And since you said, you want to use your “savings” so it will be best for you to use part of it and not just dump everything into bitcoin, although investing in bitcoin is less risky than investing in other alt coins but you never can tell what’s going to happen tomorrow that might affect the price of bitcoin so it’s best to just have something at hand and then use the ones you know you won’t be needing anytime soon for your investment.

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The very first mistake you will make is getting into Bitcoin and cryptocurrency related trades with 'people's statement ' it's not a good idea you should hear and find out yourself... people's opinion can't be always right and can't be always wrong but you move with intuition after detailed study of the Bitcoin market trend while you're ready to bear the risk.
I'd ask you a question OP since you've decided to study about this Bitcoin so far what has been your understanding and would you be able to bear the risk of putting your 3 years savings into it even when you may not hit profit as soon as you think you can?
Bitcoin is good! Your choice is your choice! Sacrifices must be made and it starts with learning and die to volatility of Bitcoin you may also need patience. You can decide now if you want to invest all you've saved into Bitcoin.

Do not put all your hard-earned money in bitcoin just because your classmate tells you to do so. If you want to invest, then DYOR it and tell me right after if you are still determined to invest in a high risk asset like bitcoin.

Bitcoin is indeed a profitable investment, but the problem is it’s hard to tell when you will be making profits. That’s why it’s considered a long term investment because it takes years before you can see its significant profits. However, it’s your money, it’s your decision that will prevail. But as a suggestion, only invest what you can afford to lose. That should be the very basic rule when you decide to invest.

That decision is something you would have to make on your own after doing all the necessary research and due diligence. Then you can decide whether or not, you want to get involved. In my opinion, you really can't go run with buying bitcoin since it's one of the few assets in the global market today that has consistently held its value even in trying times when you'd think it would break. I will end by saying that Lady luck often rewards the one who tries. Just do it.

If one of the reasons why you have been converting your money to bitcoin is because of inflation, you made the right decision. Keeping your savings in the bank is not a good idea because inflation will gradually make the money worthless. But if you think bitcoin will make you wealthy, that's not the total truth. No doubt many people became wealthy investing in bitcoin but they invested a large amount of money or have kept their bitcoin for a long time. I don't know how much is your savings but I don't think it can make you rich or make you wealthy overnight. But if you keep investing and holding for a long time and the price of bitcoin keep rising, you might hit your target.

Many young students don't consider savings, so you are exceptional. And the idea of investing in bitcoin is also encouraging. As much as you are investing according to your financial capacity, bitcoin is a good option. The forum is a good place to learn about bitcoin. If you hang around the forum and study, you will not lack information about almost every area of the bitcoin ecosystem.

Don't listen to those who are telling you stories like that because days when you could invest few hundreds of dollars in bitcoin and get rich are long gone and it can be only make you invest more than you can lose.

Nevertheless, bitcoin is still a great investment f you have something money extra laying around, just don't expect to become a rich overnight.

I don't know if this is a problem, but people are introducing Bitcoin in a different way than what really is.
They are introducing it as it is more of an asset than a currency. I know that there are some like me who sees Bitcoin both as a currency, and as an asset, but at least introduce it in a different way as well like "Bitcoin can be used to buy certain things online blah blah blah."

I will be using myself as a proof on that part where your classmate said that you can learn on your own.

I didn't get any physical help from people around me. I did learn on my own with the help of this forum of course, documentaries in Youtube, constant watching of educational videos online, constant reading of different articles as well. I'm still not knowledgeable like others here, but I can say that at least I know the basics of it.

Now to answer your question, answer this first. Are you willing to take the risks if you go all-in on it? I mean are you ready if your portfolio is down double digits? Because there are some who sees their portfolio in red, and they are panicking, and selling at a loss. Well, if you're willing to take the risk, and you're knowledgeable enough already then you can do it. My advice though is that it seems like you're a newbie, so better learn first before investing. You might not be ready as of now, but if you continue learning, you will become a few weeks or months from now. Constant learning is the key. Go OP, and spend some free time learning, and Good Luck as well. :)

just so you know, investing in Bitcoin and earning profit from it can take a long time. aside from that, the price of Bitcoin can suddenly drop after you bought your BTC(and of course, vice versa) and it could take months before it returns to the initial price you bought your Bitcoin. As long as you do your own research, can afford to lose the money and you know the risk you are taking, then I think it wouldn't be such a bad idea to do. that being said, I wouldn't invest everything, it is always good to have fiat at your disposal.

Better late than never, means you might came to know about this forum now which is a good timing for you because currently market has a lot to provide but only the knowledgably ones could get benefit out of it. So, my only recommendation to you is:

1. Never decide or invest on the shoulders of others because at the end you will be disappointed.
2. Make your own decisions DYOR (Do your Own Research).
3. If people say Buy Bitcoin and become wealthy, Ask them or check for yourself how wealthy they are? you will then come to realize market not only provide opportunities for profits but also for losses too.
4. That's wrong --> BTC does not makes you healthy all the time.
5. I am also a undergraduate student, its my last year and i am into crypto from the first semester due to one of the friend as you are right now.
6. What i have learnt so far, is, always make your own decisions and never depend on others.

If you have been saving the money for three years now, then I believe it's a huge amount of money. If the amount can buy you up to 1 Bitcoin, then you can perhaps just buy 0.5 Bitcoin instead. Then you can reserve the 50% to use for a DCA strategy, but only if you think that the price of Bitcoin is too high now and that it might likely drop. Also, if you think that you don't have any plans yet to use the money in the next 3 years, then you can invest about 80% in Bitcoin and hold for the upcoming bull market, which many people are speculating for a high price, and I think the price can still go high then. Before Investing in Bitcoin, make sure you are prepared to hold for the long term until you make your desired profit. Even if the market gets so volatile, don't sell at a loss.

Be mindful of the risks as well. Have you ever traded before? If not, perhaps you should explore into it further. It's uncertain whether you'll be able to hold and wait for profits or if you'll become anxious when its value decreases. Evaluate yourself.

Don't get overly excited. It's fortunate that you stumbled upon this forum; you'll gain valuable knowledge here. I might even see you becoming more active soon. Best of luck!

The information you heard about Bitcoin, that it makes people wealthy, is both right and wrong. Why is it right? It is because it as makes early investors who hold it for a long time wealthy by investing a certain amount of money, especially those that invested in bitcoin 12 or 13 years ago, and why will I also say that that is wrong? Because it is not a get-rich-quick scheme, before someone can become wealthy through bitcoin investment, they must invest a certain amount of money, be able to hold it for a long period of time, and be able to witness some bull runs, which may take some years before it occur.
 
Bitcoin has proven to be a great investment, so investing  in bitcoin in my opinion, is good, but I will advise you to invest the only amount of money you can afford to lose because, due to the nature of bitcoin's volatility, anything can happen to the price. The price can drop to any level, and at the same time, it can also increase to any level, depending on demand of Bitcoin in cryptocurrency industry. To be honest, nobody can tell what can happen in the future. So, I will advise you to do your own research before investing in bitcoin.

Introducing someone to Bitcoin with the idea that it guarantees immense wealth is both incorrect and highly misleading. I mean, yeah, Bitcoin can grow in value over time, but it's not a surefire way to instant riches.


It depends. Can you live without that money for the next 3-5 years? Bitcoin could be a good investment if you're thinking long term; it's not a get-rich-quick scheme. However, you also need to take into account that it's a risky investment. You must consider the possibility that things can go downhill, and you might end up losing your money (unlikely, but still possible). Are you prepared to accept that?

Let me ask you some question:

Have you researched Bitcoin?
Are you willing to wait for a long time for your investment?
Do you think you won't be shaken if the price of Bitcoin plummets?
Are you here because you think Bitcoin can make you rich in a short span of time?

If you have researched Bitcoin then I believe you know that Bitcoin is highly volatile. It can surge anytime and can plummet anytime.  Don't believe in people that say Bitcoin can make you rich with a small amount of investment.  This part of Bitcoin history had already passed and Bitcoin get-rich scheme is now just a story of the past.  You can still get profit but don't think that it can bring you 100x or more in a very short time.  You have to be very patient to achieve those but be aware that it might not happen.

If you are here because you think Bitcoin is a get-rich-quick scheme then you are wrong and I am afraid you will get disappointed.  Bitcoin investment is a marathon, not a sprint.

If after knowing that Bitcoin is not getting rich quick scheme and still you wanted to invest then it is best to set your selling price and stick with it.  Also learn about Bitcoin price cycles it will help you a lot in your future Bitcoin trades.

It is very difficult to give advice that is related to finances and can lead to a complete loss. You should understand that investing in bitcoin does not mean guaranteed profit. For example, after 3 years, its price may be lower than the current one. But you should not focus exclusively on this option, everything can be the opposite and the cost of bitcoin will increase several times. But you have to make the final decision yourself, as your financial future may depend on it.

I can see that you have no prior knowledge about Bitcoin before moreso, your mindset of getting very wealthy investing in Bitcoin is not the best. I don't know how much your savings is worth, but I don't think it will so you good to invest blindly into something you know little about.
First things first, get more knowledge about Bitcoin and understand how the technology works before you invest a dime.

You can invest but just a portion of your trust fund, an amount that you can afford to lose anytime. Otherwise, you may end up regretting putting all your hard-earned money in one basket and lose them all in an instant.

Bitcoin has its high potentials and is a worthwhile long-term investment but seeing how it’s volatility affect its price  all of a sudden, then it’s hard to tell when will it be profitable, or when will its price will break a new all time high. That why if you decide to invest, just do it with an amount that you can manage to lose.

From your post, it shows that you know nothing about bitcoin and are planning to invest in it. The first thing I will tell you is to go and learn about bitcoin. You shouldn't just invest in something you don't know anything about, even if your friends are telling you they are making money from bitcoin investments. Also, you should make sure you don't invest all your savings in bitcoin. Always invest any amount you can afford to lose, so just take a small amount from your savings and invest; don't invest everything. Make sure you invest in only bitcoin because investing in other cryptocurrencies is kind of risky compared to bitcoin. Altcoins can fail at any time, even strong altcoins can fail us at any moment, and all your money is gone already. If you are investing in bitcoin, then you have to be ready to hold your bitcoin for a long period of time, don't expect quick profit after investing in bitcoin, make sure you don't leave your bitcoin on exchanges after investing in it, get a non-custodial wallet and store your bitcoin there, and properly secure your wallet private key.

Welcome to the forum and am sure you are going to get all the necessary information's which you need here, just make sure you ask questions if their is anything you don't understand, and make sure you go through the forum rules and regulations. All what i can tell you is that learn about bitcoin first and don't invest everything. Diversify your investment, just invest some part in bitcoin, and look for other investment.

Don’t expect to buy bitcoin today and become wealthy in the next six months or one year even. Bitcoin isn’t a get rich quick scheme. If it were, we would all be billionaires already. There is a lot of misinformation about bitcoin and scammers take advantage of this to deceive newbies and steal their money.

What was the original plan you had? Is it better than investing in bitcoin? Bitcoin is a volatile asset, meaning the future of your investment cannot be predicted due to the uncertainty of the market. 3years savings has a lot of sentiment attached to it and I doubt you will able to hodl through the bearish markets if you eventually choose to buy bitcoin with that money.

The information you get is not wrong. Because bitcoin and crypto really exist and have made many people rich people. But if you look at the process, to become a rich person through crypto or bitcoin, this is not an easy matter. Because it always takes quite a long time, to reach that rich target, and there are always ups and downs that will always get in the way. So if you have the intention to join the crypto and bitcoin world, in my opinion, an investor who has already entered the crypto world, your decision is correct and right. But I have a suggestion for you, when you start to get into the world of crypto/bitcoin, don't focus too much on the results first. But you have to be able to enjoy the process first, only then will the results follow you.
Moreover, you are still a student, which certainly still has a long future. So don't be too hasty to get results, but do all the processes carefully and with careful thought or consideration.

To do learning related to bitcoin or crypto, now there is a lot of information that you can access with your cellphone or with your computer. As is the case on YouTube, Google, and one of them on this BTT forum.
Then what I feel, this btt forum is the best information center and learning center to learn about bitcoin/crypto. Because in this forum we can discuss and ask questions that are unknown or not understood related to the field of crypto/bitcoin (in particular).

And about the money you will invest in bitcoin, all decisions are yours. But the point is my advice, invest the money you have, but the money you are ready to lose (cold money).

I would guess so but there is always risk of losing money so be under umbrella if the rain strikes.

I think your returns are guaranteed at current btc prices but there are other ways you could lose your money — by falling prey to scammers, losing private key, etc. There is nothing surefire, that's what I mean.

You have a big advantage, OP. You are young, and along with your education, you can start learning about Bitcoin. I see the date of your registration on the forum; do you read the forum regularly? Moreover, in your local section, many people can become good mentors for you, answering the questions you need. Challenge yourself to understand what Bitcoin is. Don't rush to invest your money. What you write is that you can get rich by investing in Bitcoin, just as you can lose everything in one moment, not knowing all the details of Bitcoin.
Therefore, visit the forum more often. If you have a real goal and persevere towards it, you can create a better future for yourself with the help of Bitcoin.

Bitcoin is definitely a good investment but one should do due diligence before investing.  Since you are in the first stage of investing, you can start learning about bitcoins in addition to education. In that case, you should take the advice of experience, your friend gave good advice, but more scrutiny should be done.  Bitcoin and crypto really exist and many people have become rich by investing. There are risks in cryptocurrency investing so definitely don't invest all your funds to avoid the risk.

Well trust fund ain't really something that you should mess around. Unless that fund is worth losing regardless of the situation, I would not invest any forms of important funds even my house and lot to Bitcoin just to expect that it could help me within few years.

Just set around some funds that you would slowly use to buy Bitcoin and not just purely anything that you would just throw away just because someone else told ya so.

Don't be too gullible when you receive information that just buying Bitcoin can make you very rich. I assume you heard stories from people who may not be very familiar with how Bitcoin works because they only mention that you can become very rich after spending.
It's not easy to get rich, what they say is absolutely not true that once you buy then you will be very rich. The way Bitcoin works doesn't undermine what they say. There is a process, there is a way and it takes time if you want to invest in Bitcoin.

Your classmate is right, you should multiply and add to your knowledge and reading references first to learn basic knowledge about crypto and Bitcoin then after that learn about investing in Bitcoin and the risks involved.
There have been many reading references in online and offline media about Bitcoin, you can also actively read in this forum and you can use the search button on the forum to find what you want to know.
Don't be careless to use your money to buy something you don't know what it is and how it works. Once you understand how Bitcoin works maybe you can decide whether using your money to buy Bitcoin is a good idea or not.

They say if it ain't broke don't fix it, and seeing your saving habit has rewarded you for the discipline and dedication over the years, I will say stick to this strategy that's working for you :) ...I know this is a crypto forum and we need to shill it but the naked truth is that crypto takes some time to give you a health return and you can not rely on it as your stable income unfortunately!

Buddy  let these guys not sell you dreams that your friends haven't lived themselves,  of course a few lucky hodlers did get out with healthy bank accounts and hodling isn't as easy as it sounds to become a millionaire.

If the savings is what's contributing towards settling of your school finances then keep it that way, any other business create a new fund for it!

It's very right for you to seek people's advice but yet, very wrong to seek their consent - most especially if it has to do with presiding over your wants. Again, I can only give a valid response based on the instances you've sited; you haven't been really specific about the influx of cash on your earns ...^{yunno what I'm saying?} otherwise, that's the first thing to consider here.. don't invest everything you've saved if that's all you got... doesn't mean you're gonna lose when you do - you'll only begin to lose when the need to have 'em cash handy arises...cus certainly, you'll be Tempted to sell off your HODL - that might as well not be in the right time...

Sandra 🧑‍🦰

As an undergraduate investing in BTC can be a risky decision. While BTC has shown potential for significant gains it is also known for its volatile nature. It's important to consider your financial situation, risk tolerance & investment knowledge before making any investment decisions. It may be wise to consult with a financial advisor or do thorough research to understand the potential risks & rewards involved with Bitcoin investment.

I think that's the first thing the op should know, bitcoin investment is not where you will make quick money, don't be deceived by the videos you see on YouTube which talk about how to easily make money with bitcoin investment, if you really want to make money from bitcoin investment then you have to be prepared to hold your bitcoin for a long time, if you are having the intention to hold for short time, then you might even be losing money, so the op should have it in mind that bitcoin investment requires patience, if you see anyone promising you quick profit, then the person is just deceiving you, or the person is just trying to scam you.

It is true that there are people who can be rich by investing in Bitcoin. But there are also people who lose huge money because they invest in Bitcoin carelessly. So, don't think that it is as easy as people's story to be rich with Bitcoin. If you don't know well about Bitcoin investment, you probably just risk your money. FYI, Bitcoin investment is a high risk investment. It is actually not a recommended investment, it is only for people who know well Bitcoin and crypto. Anyway, have you learned Bitcoin and crypto carefully?

Even if you want to try Bitcoin investment, I suggest to use below 50% of your money. But you need to know your target, how long you want to invest your money? To take good profits, you need to hold the Bitcoin for years. It is difficult to take profits if you only want to hold for a few months. You also must understand that Bitcoin can drop its price, so you need to learn the price history of Bitcoin. Know the cycle of up and down the price!

Don't immediately believe and have high hopes that cryptocurrency can make you rich. indeed, many people have proven that Bitcoin can make you financially and have a better and even richer life. But it all takes a process. And even investing in Bitcoin won't necessarily increase your money several times. There is a process that can be considered difficult in it. Especially if you are not ready to experience and face various market conditions that might drop badly. So pay attention to your previous understanding that Bitcoin can make you rich. Make sure you really understand Bitcoin first, about how it works, and about what a good investment is for the long term. you need long-term investment and a strong mentality to make the value of your money increase in Bitcoin later. but don't panic sell when the market suddenly drops.

Investing is an effective way to build your wealth but never cross the line by putting all your hard-earned savings into bitcoin. You are just increasing its risk, and if by chance you mismanage your investment, your trust fund will vanish like a thin air. My suggestion is, invest at your own risk. Invest at a small amount first and when you see chances of growth, then start increasing the size of your investment.

You don't need to rush to invest in bitcoin,  you need to understand that bitcoin doesn't make one rich or wealth,  you need to also understand that bitcoin is volatile and investing in Bitcoin you can only get good profit only if you can hodl it for a long time. Before investing in Bitcoin you need to be very sure if you are really ready to invest without panicking if the Market goes down and you need to be sure  that it won't be an investment that you need to depend on.  Investing in Bitcoin you need to get a source of income that you can always look to solve problems.  I'll advice you not to rush , first to get more knowledge about and check your self if you are financially stable to invest and  do not invest with amount you can't afford to lose.

we have often seen and read about students learning to understand how to trade, invest in Bitcoin, maybe there are hundreds of experiences on the internet that are scattered about student life and Bitcoin.

For me it's not bad if you want to invest in Bitcoin with the money you have right now, maybe you can read a little about How can a student invest in bitcoins? (https://www.quora.com/How-can-a-student-invest-in-bitcoins), for you to understand the risks and other things before you invest in Bitcoin.

I'm sure that friend of yours, telling you about Bitcoin, must have done it before, sure if you really want to do it, anyway, stick to your friend's guide, if he understands where it's good when buying and where it's good when selling it.

Well I don't think it will vanish like a thin air when we're talking about Bitcoin since it could either be just bearish season where the OP would need the money the most. It's just that you wouldn't want to end up needing that amount whenever the unexpected happens. Once you threw that money in the bag, it's definitely locked in for couple of years.

Just imagine being in a situation where you might need to pay the medical bills but because BTC is in its bearish mood, you can't get back your money to how it was and not even at the breakeven point since it was now below of what you initially invested it at.

Your friend is not totally right about Bitcoin, first you need to understand that Bitcoin is not a get rich overnight investment and secondly these forum doesn't advise anyone a particular coin to invest but instead it helps with all the knowledge you need to have about crypto, so as someone that was brought newly into crypto the first thing you most do is to learn the basic things and investment risk, in times of investment one thing is investing another thing is how well can you handle the risk of losing your money, is always advisable to invest what cannot affect you when the market turn against you.

So for me I cannot advise you to invest now instead I will suggest you go for more knowledge about Bitcoin before going into it, here in this forum you can learn all that you need to learn about Bitcoin if your willing to learn.

To be honest, even if you’re a graduate, it’s not advisable to invest all your trust fund into bitcoin. Bitcoin is a high risk asset, so the more you invest, the riskier it will be. However, investing into bitcoin just a little amount of your trust fund is not that bad, as long as you also don’t matter if even you lose on that. Remember, bitcoin no matter how profitable it is, that will never guarantee secured profits, and if ever you’ll be in profits, the time will also be indefinite so never invest if you are not ready to lose.

I cannot decide also on other person’s finances because I don’t want to take the blame whatever the result in the future. But here’s a piece of advice, study first whatever investment you desire to invest, and when you’re knowledgeable enough, decide on yourself whether it’s good or bad to invest your hard-earned trust fund. That way, you will be responsible whatever the result of your own action and decision.

But what if I have the fundamental understanding of bitcoin that I need, but I choose not to invest the money? After all, if I don't invest the money, I can wind up squandering it needlessly. I'm hoping investing in bitcoin is a better option than letting the money disappear unutilized.

I don't believe bitcoin is more dangerous than other marketable crypto coins, despite what many bitcoin experts have said here. I believe investing in bitcoin is risk-free and secure. Perhaps it's because I believe in bitcoin.

Even if you don't have basic knowledge about bitcoin, you are free to make your own decisions and invest where you think you will get a bigger profit. This is your money and you decide how to use it. As for the OP, he must make an independent informed decision, taking into account all the risks of such an investment.

If long term saving money will not help someone then there is no use of saving money. This is because at the current rate of inflation in the world, it is almost impossible for low-income people to "do anything with long-term savings." That is why everyone should do something that has the potential to increase his money. Thinking in this way Bitcoin can be a good investment and savings medium. But  its volatility and potential must be considered. An investor must acquire good knowledge about this before investing. Don't invest in Bitcoin only on the advice of a friend or someone. Even though it is a good and suitable platform for investment.

Everyone can easily write yes or not because no one is responsible for your profits or loss, you are the only one who carries the responsibility and will feel the result.
The only legit advice that I can give you if you decide to buy it is to do the research before every action. You have to keep in mind that you shouldn't trust every exchange and you also shouldn't save your money on exchange. Just use the legit exchanges to buy your coins, like Binance and Coinbase or if you plan to go more advanced and anonymous, you can use Bisq but that's not for unexperienced users. Also, always check the website that you visit and be sure that you visit a legit url.
Since you can't store your coins on exchange, you need to buy a hardware wallet or download a software wallet like Bitcoin Core or Electrum on secured computer. If you plan to hold long-term, then you should use Cold Storage, i.e. you should buy an airgapped hardware wallet like Coldcard or The Passport Foundation and/or use an airgapped computer.
Please, just spend your time to learn about how to store it safely, otherwise you may lose your coins and your savings. It worth to spend days and weeks into studying how to save them safely rather than to sorry later. Don't hurry!

The first step you have to take is to find out the ins and outs associated with Bitcoin including the potential profit and loss. It takes extensive knowledge to convince yourself to use something new in your life, learning to be the only way to make decisions before you decide invest in Bitcoin.
Bitcoin is not a get-rich-quick scheme, if your friend only explains to you about the profit you can get, then he also needs to explain to you about the risks that can occur. Luckily you found the Bitcointalk forum, before you start your first investment in Bitcoin, you need to find out all the important knowledge related to Bitcoin.

If you really want to invest in bitcoin, then do your intensive research. Do not just invest just because your friends are profiting from it, but invest because you believe in its high potentials that will bring you future profits. Well, the fact that it’s your own trust fund, then the final decision is all yours. But as a co-investor too, my suggestion is to never put all your trust fund only in bitcoin. Learn to diversify your investment. You may want to invest in stock market as well aside from bitcoin, but never risk an amount that you can’t afford to lose.

You know, bitcoin investment is highly overrated. You cannot just easily invest just because it’s a profitable one, but you should only invest only if you know and understand its risks and potentials. However, I cannot tell you not to invest but only invest at your own risk. Do not spend all your trust fund but take a small portion of it you can easily afford to lose.

Know your investment first. Bitcoin is not like any other type of investment that you can easily engage as long as you have sufficient capital. You need to do a lot of research first so you will know how to invest it at your own advantage, and how to avoid investing in it at a loss. At the end of the day, your money, your decision rules. But at least you know that you won’t be investing and expect real quick profits. Bitcoin is a long term investment, so learn to wait before you can see significant profits. And lastly, always invest at a small amount most particularly for beginners like you.

I think before one must choose to invest in bitcoin their must be need to generate a source of income that will be be bringing money constantly because even if OP choose to invest little amount from the Money he has , he is not still financially stable because their is no steady source of income in which money comes in. Starting investment in bitcoin is not about saving a huge amount of money to  begin but is to have a stable source of income which one will need to invest with the amount that is affordable to lose. If one have a good savings and decides to invest bitcoin with part of it, as their is no source in which money flows in their might be an urge to temper with the investment when their will be needs to solve financial problems.

Here we go again! Another wrong misinformation about how bitcoin works. My friend your classmate or whoever told you that by buying bitcoin you're gonna be rich is nothing falling short of a misinformation, bitcoin isn't a get rich quick money-making-machine so if you get in with such mentality you will only crash along the way after couples of disappointment.
Good a time you ended up finding yourself in bitcointalk community and it's an opportunity for you to learn about how bitcoin really function therefore unlearning yourself those misinformation you were giving about getting rich immediately you invest in bitcoin. Investing in bitcoin you need to give your investment time and with series of follow up. Knowledge is a key factor in bitcoin investment without which you are bound for a loss.

Feel free to check on this:

LEARN ME A BITCOIN (https://learnmeabitcoin.com/)

Mastering Bitcoin (https://github.com/bitcoinbook/bitcoinbook)

Those resources are more technical and if you are investor, you don't actually need to learn about them. It is good to learn technically but it is not must-learn knowledge for investors. If you are more technical knowledgeable, you will have more foundation for your belief in Bitcoin and it is so good but it's not mandatory.

Bitcoin information and resources (https://www.lopp.net/bitcoin-information.html) from Jameson Lopp is another good resource.

Since you are young and educated, you should be able to learn how Bitcoin and crypto works, if so then Bitcoin and crypto should be a good option, but you should do your own research. And even if you finally decide to put some money on crypto and bitcoin, don't put all your money on those two only, split it to other investment also. Spare some money to learn new skill and build a business that you like, those also are good investment.

With wrong approach, you can't just be rich with anything.

Bitcoin has always been filled with those opinions that if someone owns it, they're technically rich at all. But no, everyone who wants to invest in Bitcoin is from all walks of life and you'll never know if they're rich or not.

Speaking from yourself, if you invest on Bitcoin and you get to see that it's not the result that you've expected to show then that means it has failed you.

People that are here have major plans on how long they're going to be in or there's actual no exit on it. It's for the long term plan and you're still early on it to consider it.

The first thing you should know in detail about what bitcoin is and also its history so that when you invest your money in bitcoin, you are not surprised when the price of bitcoin drops suddenly and sells losses because there are many novice investors who lose big when the price of bitcoin drops even though if I they are able to survive then there will be no losses they get. especially if you are still a student and usually students need a lot of money for studies, just do it slowly, read first about the risks and benefits of investing in bitcoin.

I'll stress on it, it's important to know that this accumulated funds over the course of 3 years isn't the trust fund itself but, the much you've gathered through conscious awareness and adjustments to save up. That's  a good thing you've archived and for one that could put something out for that long a time, you could as well find luck with hodling bitcoin.

Just a fee clarifications though;
Bitcoin/cryptocurrency ain't a thing but, a commodity on the Web and exists on blockchains.
It's also worthy of note that, cryptocurrency is bitcoin and bitcoin is cryptocurrency (they both go together).

Now, cryptocurrency isn't a get rich quick scheme although, that is possible but, it could as well reduce your account or portfolio to a point zero. Sink that in and be aware it isn't all rossy but, the sad stories are not happily shared.

Buying and hodling on a long term base might aid you in your journey but, be sure to hodl on a non custodial wallet and learn the pros and cons to maintaining privacy or security of your hodlings.

Your classmate said the truth, there are many things you need to learn if you want to be successful in the crypto space. There are many things you will go through before getting what you want, such as technical knowledge, how to secure your private key, and any other things that are necessary. However, if you are serious and ready to learn, you can still meet with your friend to learn more about bitcoin and other crypto currencies. Since you show that he has knowledge about what you intend to learn and that even on the forum you still need someone to guide you through, you can see that having your friend by your side will make it easier for you.

Yeah, investing in bitcoin is a very good investment that, if you are ready to take the risk, you will definitely make. However, understand that this is not a get-rich-quick scheme, and that is what makes some people on the forum forget that you are at the right place to learn about bitcoin. You still need to put in more effort to get what you want.

NOTE Invest the amount of money you can afford to lose.