Bitcoin Forum

At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.

The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?

traditional funds DCA operate differently than bitcoin DCA

although people DCA traditional funds. those investors are depositing into managers whom then choose when to buy the dips of a selection of stocks
periodically they are investing more into the dips of stocks and divesting the hype rises of stocks to maximise the potential profits

however just DCAing bitcoin misses out on the timing of dips and hypes
EG buying during middle 2021 would have been a bad time to invest via DCA in bitcoin and a good time to divest
EG buying in winter 2022-spring 2023 would have been best time to invest via DCA in bitcoin and a bad time to divest

and its for this reason why pension funds and life savings funds want ETF so they can gain exposure to crypto so they too can play the dips and hypes of crypto when the timing is right to invest and divest

yes buying and hoarding will get you profits long term. but maximising profit also needs playing the ups and downs

This topic looks good. As a college student I should try to do this now. There is plenty spending at the college especially as a Masters degree student or even the PhD. It only translates to a more funding and expenses because you are required to provide and make use of a lot of materials particularly for us that have the background on Sciences. I need to carry out experiments and samples from my research sites at very specific times. What that implies is that I will not need much time to prepare  for it and what that also means is that I will always need some cash around me.

the only way out of this is through investment and the only investment plan that can fit a student like me now is the DCA approach. With that approach, I am able to easily save from my earnings for the dry seasons or unexpected expenses. It is really interesting to see topics like this as a student because that resonates with my temporary condition now aside from my business plans. I will need to think over this more heavily from now, Thanks!

In my country a bachelor's degree is still very much needed to apply for jobs, and it looks like this will still be the case in the next few years so preparing funds for education is very important. Especially considering that the cost of education is increasingly expensive compared to previous years. It might be nice that in your country there are plans to remove the requirement for a bachelor's degree to apply for jobs, unfortunately that hasn't happened in my country.

Preparing education funds by saving bitcoin might be a good solution, especially since my child is still small so it will take a long time before he can go to college. If I start saving bitcoins, maybe the price of bitcoins will be very expensive at that time, and saving bitcoins is the right choice. I like your idea, and in the long time I think saving bitcoin is more profitable than in mutual funds

Don't fall for this trap. There are only a handful of companies where they do not look for a college degree to hire you if you have extraordinary talent. 99% of the companies still believe in meritocracy. The world you are dreaming of, is not going to happen in your lifetime. Probably few more generations will be needed to change this social system. So get a College degree and it is best if you can get a masters degree at least.

Saving in Bitcoin should be fine because Bitcoin has the potential to give you a great return which can cover your education cost. But be a little conservative and probably divide your investment to invest in both Bitcoin and mutual fund.

Too bad for my generation -- had a really tough time early in my career and even recently, competing with a formally educated workforce -- partly why I ended up freelancing (and thanks to crypto companies also not looking for degrees.

But yes, I'm of the opinion Bitcoin won't necessarily pan out for me personally. I knew this even in 2016 when I started building a nest egg, that it'd be for whoever I'd be leaving behind. DCA it to death (literally) and hope it works out in the same trajectory of the past 7 years for the ones living after me.

Firstly it sound absurd that some institutions or companies according to you is planing to scrap out college degree, I think that's completely impossible and would lead to incompetent hands on very important aspects of the society, imagine being treated by a nurse without degree or your beloved drink company employing no college degree biochemist?
I don't think this would ever happen. Also Bitcoin investment should be a choice a not forced down on people or made a requirement for anything.

You’re partly correct, a degree is necessary in certain professions especially those dealing with health care and education. There are entry level tech roles that do not require a college degree. Companies are often looking for motivated individual who have the skills necessary for the job, you can easily transition into the job because recruiters look for transferable skills that can apply to the job they are hiring for.

I guess if time comes that college degree will not be a requirement anymore, then most likely young kids will never be motivated anymore to study hard so they can reach their college days. So I think that's more of a disadvantage on part of the students and those institutions that offer higher education.

However, bitcoin is a good option for savings because its value appreciates every now and then. But I don't think one should only focus on bitcoin savings but should also consider saving in fiat as most of the necessities these days are still paid in fiat. Let's say let's put 60% on bitcoin and 40% in fiat, or 70% bitcoin and 30% fiat, depends on where you feel most convenient to save. College expenses are definitely expensive, so one should even save prior to that. Even if college degree will be removed, I still see advantage saving bitcoin even before college.

Whether university is necessary or not is going to be different for each person. My advice is to get the best education you can afford. It will benefit you in the long run.

As for mutual fund vs. 529 vs. life savings vs. bitcoin, it all depends on your plans and your risk tolerance.

A 529 plan is a way to save for future education. It is an excellent vehicle for saving for future education because the gains are tax-free. On the other hand, your investment choices are restricted. Also, its use is not restricted to only paying for university tuition. It can used for other expenses and it also be used for K-12, and certain trade or vocational schools.

I think it is a mistake to assume that the price of a bitcoin will continue to rise at a rapid rate. Bitcoin may be a very good long term investment and better than other investments, but there is still a lot of risk. And while high risk/high reward assets may be appropriate for long term investment, investing only in Bitcoin is a mistake in my opinion.

It would be a good idea if most companies had plans to remove the requirement of a bachelor's degree as a requirement for a job, unfortunately in my country in most places, a bachelor's degree is still a specific requirement for employment.
A bachelor's degree should not be a special requirement when applying for a job because the benchmark for a person's ability to work is not a degree but a person's strengths in mastering scientific disciplines.

In other places, a bachelor's degree or a degree higher than a bachelor's degree is no longer reserved for job applications because the need for work will be tested based on the ability to master the desired field.

If you just need sufficient finances, this is a very flexible option.

If a college savings plan loses its relevance die to a reduced necessity to get a college degree, it will make some sense to replace that degree with a skill that has practical relevance in the society. Even now I will recommend that more people learn hands on skills rather than picking a discipline they mostly have no real interest in.

Bitcoin will only come into this discussion if after learning a skill or two one has some capital left over to put into an investment of their choice.

Some people wait to finish school first before they consider a skill to learn. It is good but it would have been better to learn the skill early.

It can also happen sometimes that the course that people apply for to study are not what they get to study in the school of their choice so rather than just accepting any course of study offered to you by the school of your choice, you can devote that time and the money that you will spend paying tuition for a course you have no interest in, into investing in learning a skill that really interest you. Skills are paying more now. Skills can raise enough money for you that you have enough to invest in bitcoins with.

If we are to look at the way things are moving based on how some companies threaten the best graduating students and how they threaten some high scholars compared to the value that has been attached to it over the years, you will definitely see going to college as a waste of energy and resources.
 
If the money that is to be spent on acquiring those college degrees could be put into other things, I guess it might be beneficial to some more, then the education will be for them, but still, even if those companies don't take one and offer them a job, the knowledge that is gotten from the school is not wasted at all.
 
Society is changing; we just have to adapt to it. These days, most people prefer to employ skilled workers who are only being trained through training over those who went to college and gained degrees in those fields.
 
If one thinks that the money can be put to better use than using it for college, then we can divert those funds into something else, or better yet, one can save up for a higher degree, which is needed in the companies out there.

You can always invest in bitcoin as much as you want provided that you know the risk that is attached to bitcoin investing, but I have this hesitation if college degree will be definitely removed as a basic requirement when applying for a job. I guess that remains an illusion, as there's no way that college degree will not be relevant anymore. Although I have this realization that skills and experience are much needed for a company to hire you more than your educational attainment. But we should also learn to consider that critical thinking and problem solving solutions are mostly developed having a college degree, that's why it's still essential for companies to require college degree holders.

However, I have no against with bitcoin savings, but I still think that traditional mutual fund will not be easily replaced or eradicate. But you can chose to save in both without compromising one another.

I don't think that we can compare them, but the best that we can do is to have a new option like bitcoin. And as the saying goes, Be your Own Bank, but there are also risk involved here. So before someone can really set it up as saving plan, individual should learn what wallet to use and how to practice safety hygiene. As compare to having a traditional mutual fund, you don't need to worry with the setup.

So it's doable in my opinion, but there are pros/cons for having it your way.

Here the problem is that you are gambling with the College savings, and that is not a wise move at all because if the markets crash on the long run you will not recover the reinvestment. I would recommend to consider investing in another source of income or other money than the one supposed for college.

The question here is, will bitcoin hit the ATH before you have to play the College, if the answer is ye, then it was a wise move.

The volatility of Bitcoin is an opportunity but at the same time, you're unknown if you'll be able to take it. What if it is not Bitcoin that you're going to load with that plan but your profits from it. With that, you're not going to worry with the volatile that the market will cause.
And at the same time, you have an assurance that you are doing it correctly and that's what will give you the peace of mind that someday the value of it might just be the same, a lil higher or bit lower.

I guess at this point, if college is a no-go for most people, the funds that they could have used to that route could be diverted to them learning skills or trades that will further their careers. While a degree may not always be necessary to apply for jobs in the future, some classes are still needed in order to 'formally' learn the techniques of a certain skill. This pushes your skill level a bit which makes you hireable than the others, and it wouldn't happen if you haven't taken those classes.

Keeping some bitcoin funds is a good way to potentially secure your future. Then again, it is not free from volatility and crashes so you shouldn't bet your 100% to it. At least, diversify your savings and keep a bulk of bitcoin if that's how you want to play your game.

The reason behind this was the graduation standard was reducing in the current situation.The people do the graduation for the time sake,if you ask the engineer about the engineering subject means.He can’t able to answer for the same,this was the prime reason for the graduation requirement is not needed by the corporate industry.And many people discontinue their education because of the financial difficulties.Now cryptocurrencies reduce the financial difficulty of the students by giving some job to their college fee.Now the students also doing the trading by side to their education.The parents also use the forum to earn money for their children college fees along with their regular income.

I can't agree with you here bud.  I first off don't think that college educations are becoming way less important.  At least in my line of work (finance) there is still a college degree requirement.  This goes for a lot of my friends in their random places of work.  A 529 plan has it's restrictions, or downfalls, but it's a lot less volatile (typically) than bitcoin is, so as an advisor I could not recommend someone replacing their 529 with a bitcoin investment.  Too risky.

When it comes to mutual funds, I would prefer to save Bitcoin or other cryptocurrencies like Ethereum, Ada, Bnb, Matic, or Sol if I will only hold the money for 10–15 years. Chances are even higher that the value of those will be big after those years.

There is the same risk in mutual funds and digital currency, right? At least with Bitcoin or cryptocurrency, we are still in control of our money compared to mutual funds; this is what I see as an advantage literally in the world we live in in this field industry.

That sounds cool but what you're saying is that college won't be needed anymore in the future so why still save with it? Before, we've got our retirement plans and funds and this time someone's college savings plan. I think it won't be a problem if it's going to be me that will take this risk. But as you take this risk and do it for someone, that's the hard part of it. We can easily take all of these risks and let them get along in the future handing over them this money. And with this plan, it is just all about the uncertainty. Yes, we're all Bitcoin investors and optimists about its future but this is someone's future not ours.

Exactly, this is a risky play even if you will invest your college fund in non bitcoin-related investments. All investment comes with a risk.
So for me, if you afford to lose your college fund, then go invest it. Just don't risk anything that will make you suffer in the future.
Just to remind you, Bitcoin is extremely volatile!

With how the world is currently evolving, seems they have grudges for the poor masses not being able to be employed after making out with a normal college degree, knowing fully well the expenses taken care of when trying to bag a college degree.
Taken it  up PHD level can stir many into finding way of baging the PHD.

If you have enough funds during your college to begin your investment mostly in Bitcoin then it becomes cool as you will make enough profits before the time when the money will  be needed.

true! I don't know if we are trying to be boomers or what. I honestly belong to a younger generation, but I don't think that disregarding a college degree is the right thing to do. Maybe not all people have the right or capability to attain a college degree or to attend college, but still, it is not an excuse to let yourself not be a college degree holder, as it's still important to have something to be proud of. I'm not against bitcoin investment, but it's not always a smart move for everyone. Not all people have the same fate and destiny, so everyone should always prioritise having a college degree first, then the investment to be followed, or during study days. I started investing in bitcoin while studying in college, but I don't use any of my college savings because education is important to me.

Some companies rather hire employees with no college degree because they can teach them every thing from zero as they wish.  If you do college you will have a more structured and developed brain which companies rather develop and structure themselves to their own liking.

I doubt this applies for domains like medicine.  That would be utterly stupid.  To say the least.

-----

Not the best idea in my opinion to take Bitcoin as a granted investment for future plans.  While in my opinion it will grow like never before in the next few years, this is not a guarantee and is a very high risk compared to other plans for savings.

Of course, creating a wallet for children and following DCA Bitcoin in the long run will be a wonderful gift to give to your children when they reach young age and start creating their own projects. They will have good capital by then.

Personally, I find this strategy much better compared to a mutual fund, at least you know that the wallet is constantly growing and the price of Bitcoin will have risen many times by that time, in addition, of course, as we know that fiat loses its value in the long run, while Bitcoin is a store of value.

I doubt that companies would soon remove the college degree requirement, at least not here in my country. As a matter of fact, with jobs getting scarcer and scarcer and the number of jobless labor force getting higher and higher, it is a significant edge that you're a college graduate.

However, it is also true that many jobs nowadays are skill-based. I guess one has the option not to pursue a college degree for as long as he/she is determined to hone his/her skills to the level of an expert. That would, however, limit one's promotion opportunities.

But whether one decides to get a degree or not, Bitcoin is always the way to save.

Obviously as bitcoin is a great investment, and everyone can do it, not just saving's plan for college but any that individuals wanted to save and grow their money. But it's not as easy as it sound as bitcoin is volatile.

There might be a time that as parent you see your investment and it's going down and you calculate that it might not be enough specially if we are in a bear market. So everything is about timing here and really depend on the individual. Also bitcoin investment is not going to replace those old and traditional way of people investing their money for the future of their family.

Because Bitcoin is volatile, it is very important to really understand it before deciding to invest in Bitcoin, because if we don't understand it well, of course we won't be able to get a profit from investing in Bitcoin.
If we get a bearish market situation, of course we have to hold on to the investments we make so that we can get a profit from these investments and if we need these funds for college, of course we will experience losses if we choose to take these funds.
Yes, this really depends on each person and also someone's understanding of Bitcoin to survive bearish market conditions, each person will use a method that they think is comfortable to save their money, either traditionally or investing in Bitcoin.

It's better if you calculate the college fees first, when your savings already met your plan, you can stop to save your money in mutual fund instead invest in Bitcoin. You could go like 80% in mutual fund and 20% in Bitcoin, depends on the strategy you'd prefer.

Imagine if your Bitcoin investment goes wrong, how will you handle the college fees? would you choose to not take college for your kids? what if your kids want to become a lawyer or other specialization jobs?

Bitcoin investing instead of college savings? Indeed, bold action. Analyze it: hanging employment market requirements. Yes, many companies value talents above degrees. Education's function in career development is changing. Instead of academic schooling, focus on practical skills.

Bitcoin as a life savings plan. Here, I disagree. Bitcoin has grown rapidly, but its volatile. Not simply potential gains, but risk management. Could your kids be rich? Absolutely. Could they also lose big? Definitely. Any investment strategy needs diversification.

Additionally, the future of Bitcoin. Im bullish on Bitcoin. Its global monetary potential is clear. You're saving money and investing in the digital future with your strategy. I embrace Bitcoin, but optimism must be balanced with caution. Avoid overconfidence.

A degree will continue to be a requirement for employment. But I usually advise young graduates not to rely on paper qualifications for employment opportunities. The global economy is ever changing and work roles are also evolving. People should ensure that they learn new skills that are highly needed in society. Currently, the artificial intelligence sector is influencing all manner of jobs, it will not be out of place for people to learn how to apply these AI tools in thier jobs to make it faster and cheaper.

Instead of keeping money in banks where there is a low interest rate and high inflation, investing in Bitcoin could be an option for many people. Most people prefer to Invest in others because Bitcoin is not the only investment platform. However, I will encourage anyone who cares to consider learning about Bitcoin and if they are comfortable, they could consider Investing in the sector.

I think most organisations are focusing on practical knowledge rather than academic qualifications. This is because most graduates are half-backed and cannot perform tasks assigned to them. There are even reports that certificates can be acquired with money. These days you don't even need a degree to work in the health sector, the recruiting firm will just subject applicants to intensive training and certify them within a few months. However, degrees and certificates will still be relevant for a long period.

In my country a diploma is still required to apply for office jobs and if you are not one with a bachelor's degree then work in companies only in the security sector and other freelance jobs. Honestly, I prefer companies that look at skills rather than college degrees because those who have a diploma do not necessarily have skills and vice versa.

It really depends on where you put your money and if bitcoin is an option you want to pursue then I totally agree with that plan. If college is no longer necessary, perhaps preparing long-term savings in a much more productive method is really needed and maybe Bitcoin provides a way for anyone to achieve this. It is important to remember that knowledge about how to invest is the main thing that needs to be learned, both how to store assets in a safe place and how to buy bitcoin using several existing strategies.

You can learn at college, university, get a degree, find a job and work for money or work for Bitcoin directly.

There are many jobs in cryptocurrency and if you have skills in graphic design, marketing, community management, business development and technical skills for customer support, you can find jobs.

Cryptocurrency job list (https://bitcointalk.org/index.php?topic=5457166.0)

I disagree because education is key to have a solid life and can help you to go through hardest time in your life. Nowadays, with open source, Internet, free courses, you can learn even without paying any fee. You don't have to go to college to learn but learning is very important.

In other countries, a bachelor's degree may still be required and is a requirement to be accepted for work. Many companies still require a bachelor's degree, and many people are queuing to apply for these jobs. And even though the savings plan for achieving a bachelor's degree has been eliminated, they still need savings. At least to prepare for other urgent matters.

Besides still having savings, they can save their money through Bitcoin. That will give them the opportunity to have investments at a young age. And parents who care about their children's future will prepare savings in the form of a wallet for their Bitcoin. They are also still trying to save for their children's school fees.

After the children grow up, finish college, and achieve a bachelor's degree, they can use the Bitcoin in their wallet to open a business or do whatever they want. It is better to have two savings containing fiat money and Bitcoin to back up.

Whether you need higher education or not depends on what sort of job you expect to have in the future and what kind of country you live in. In my country, higher education is highly accessible because it's public, so free for tons of people. But not having any kind of higher education is a major problem if you want an intellectual job. You don't need to have specific education, usually, but it's good to have a higher education diploma because it shows that you are capable of learning new stuff, you are organized enough to meet deadlines, you have at least some soft if not hard skills. I think most intellectual job descriptions require it.
Bitcoin can be good for savings, I think, but obtaining higher education might still be important.

  Maybe it's good if you're young to prepare for your child's college fees first, even if it's in elementary school or senior high. Of course, you'll also depend on the salary you have as a parent or how much you allocate for your child's school expenses.

  Because, of course, he's going to college, we don't know how much the Bitcoin price value of the crypto you save in this field is. And that also depends on the course your child chooses because there are courses that are expensive, such as law, medicine, and others.

I like this idea and companies should not need to look at a person's qualities based on their diploma but rather how job requirements can be seen from their individual skills. But unfortunately there are many countries that still consider a diploma to be a mandatory requirement for applying for a job, thus limiting people who have not studied to work in the corporate sector they want.

It's even better when someone can prepare a much more productive investment while working at the company they want because if both can be run simultaneously it will be much better. At a minimum, money from work can be used to fulfill daily needs and the rest can be placed in bitcoin investments, for example. If necessary, we can run both simultaneously and that will be useful in the long term.

I agree that college degrees are still important and will always be. Yes, with the advance of the internet, it may be easier for some to advance themselves without going to college, but it cannot be applied in all sectors. You can learn programming yourself and have a portfolio to prove it, but with finances or social occupations, it's a whole different story that cannot easily be proved with previous work. Not that a college degree necessarily shows your knowledge, but it shows that you've managed to obtain the degree.

Would I use Bitcoin to create a college fund? Not sure; its volatility isn't something that provides security in the event of such a serious matter as attending college. Although it may have a positive effect on price, it can also go wrong, and the moment you need the money, you may not have it, or its value might have suffered a lot and would be a loss to exchange at that point.

Maybe you can combine both by DCAing with smaller amounts of money on Bitcoin.

I've also had thoughts about whether going to college is really useful for me personally, and I have to be honest it's worth it for the things I get to experience, for my generation, to have a real degree. It makes a lot of sense to apply for a job, but I also realize that in recent years the training system has really had problems when the quality of expertise in all fields almost requires training from the beginning. The irony is that some parents still use old thinking about work to impose on their children. It's really a matter of future orientation, not against everyone, but I used to thinking of studying for a doctorate in law just to use as a mousepad. Yes, people can see that as a goal but the way I answer is that going to school is not about those tangible results, it's about applicability to life.

I also very much support the application of blockchain technology in life, but in fact it still needs a professional training place rather than self-research, maybe developing information technology skills, or other fields in the financial and economic sector... perhaps the fact that we already knew about it before will give us a more positive view. Even now I can't talk much about bitcoin with my relatives, sometimes just a few stories about children's curiosity, but most people are still quite vague about bitcoin, so I understand that this field has many changes but it is still very new and full of potential.

The risk is always there when you are thinking saving on bitcoin and suddenly, bitcoin price drops heavily that you won't think it will recover anymore. In order to lessen the risk, I suggest you go on saving both in bitcoin and in traditional mutual fund, that way is safer than go all in with bitcoin. But I certainly agree that in the next possible years, college degree might not be a major requirement anymore since everyone can be the best asset in a company most especially if he has the knowledge and skills that the company is looking for.

You can still go and finish your college degree but that's only an individual's choice already, not actually a requirement to successfully land a good and stable job.

The problem now is that this may not be possible in my country because no matter what kind of job is offered, an academic degree is still one of the mandatory requirements for competence regardless of whether it is needed or not, but in the end, experience will lose out to the academic standardisation that has been determined until now.

Providing a reference to try to do DCA gradually and provide understanding for those who are still in the age of education about bitcoin is actually still very good, it's just that it also needs to be seen from the country or region that is occupied because in the end this is also important actually considering that in some areas bitcoin is still a taboo thing and even seems prohibited from being talked about explicitly.

Where have you found companies that haven't asked for college degrees? I just heard it the first time. They must ask for an educational certificate based on your job position. I don't believe that without an educational degree, you can get a job. Thanks to God, I am doing freelancing where I don't need any educational certificates. However, Bitcoin savings are always good if you can afford them. It must be for a long time if you like the DCA strategy or like traditional weekly or monthly investments from your savings. At the end of your life, when you retire, your Bitcoin savings will be substantial.

This is why i dont really believe much if ever this one would really be removed in terms about job qualifications on which if college degree holder wont really be that necessary then job requirements wont really be that hard
as people would really be able to have the chance on applying for a job which it doesnt really need up that requirement. It does have its pro's but usually it would really be having that kind of negative thing. Why?
It would really be something that making people getting hired without much intellect or knowledge on which we know that it might be not a solid indication or requirement but we could really be able to tell
the difference when it comes to this. We do know that hiring that having those educational background is much more better rather to those who dont have.

Im not discriminating to those who hadnt been able to finish their college but there would really be that a significant difference in between. Speaking about College savings plan then i could say that its considerable
but its not something that you could really be having that an assurance comparing into those traditional ways of saving funds. It do falls down on someones choice and preference
in the end of the day on which they do seem that they could be able to fit out.

This sounds good, Apparently I also noticed that there are some corporate companies abroad that doesn't mind whether you have a bachelors degree or none, They only look about your experiences and skills. However, here in our country, they are strict when it comes to job description and requirements, Even those small time job like convenience store cashier needs a college degree diploma, funny right? That's why many people here wants to work outside this country because of poor job system. But for me, Having a degree is one if the most important thing to me and to my parents. We can cut those traditional mutual funds because you can save up for that, and you can earn when you invest some of your money in bitcoin because definitely by that time, the value of your investment will surely increase but that's a risky act, because we have no guarantee what will gonna happen in bitcoin by that time, So I think it's better for now to at least divide it in mutual funds and crypto investment, what do you think?

I also think so, even in my own country, quite a lot of companies are no longer setting a bachelor's degree as a condition for entering their company, they prioritize experience and even relationships, now for young people, I hope not to be wasteful in living their lives, there are many temptations out there, such as buying luxury vehicles - expensive smartphones - expensive snacks, try investing in important assets such as cryptocurrencies, especially bitcoin.
Currently the competition is getting tighter, no one will wait for you and no one will care deeply about you when you are in trouble, so always plan your life in long term terms, don't let you as a fresh graduate not be able to find a way. to make money and also save for the future. Bitcoin is the best investment right now, even with capital of $ 10, buy slowly with the DCA method (highly recommended)

Depending on where you live, you might as well want to check what happens with taxation and bitcoin. Judging by the aforementioned 529 plan, you live in the US. I think selling bitcoin with a profit comes expensive there, and even more so if you have a bitcoin income.

That being said, I'm all in to treating bitcoin as a savings plan. There's a risk, of course. "Fortune sides with him who dares".

Bitcoin is not a replacement for anything because it's its own asset class. It has different fundamentals that are unique and are not like any other asset, so it makes no sense to talk about Bitcoin investment instead of other type of investment. People with sufficient wealth should strive to obtain a diversified portfolio and the proportion of Bitcoin in this portfolio depends on risk tolerance.

It’s a lifetime sayings right? Or should I say, a futuristic sort of savings as you’ve got to withdraw and enjoy your accumulations at some point in your life and so yeah. If that be the case, you could always down play the falls in the Bitcoin market because, it’s sure to rise as at when the time is due.

Where it poses a bit challenge is, when the coin is down and you have a red to make some withdrawal for a project, it usually comes with a lot of discomfort to activate any plan at such point. Having the literal understanding that your selling at a lose, that could be depressing but, it doesn’t mean you might not be in profit if your coin have survived some bullish runs.

Still, it’s better you understand what is at stake before you make a decision on what’s the best way to have your life savings.

Yes that's basically investing in Bitcoin, Bitcoin should have been a replacement since due to the features and quality of Bitcoin. If not for anything, for the fact that Bitcoin is decentralization should have qualified it to replace any investment plans we had prior to knowing about Bitcoin. The choice of choosing Bitcoin won't be a regrettable one. Bitcoin still has alot of fire left in it in regards to it's price appreciation. By the time those investment plans are due for harvest, the amount of wealth you would have generated, if you choose Bitcoin would be astonishing.

Although Bitcoin shouldn't be the only option for your investments and I'm not referring to investing on altcoins but you can diversify to other sectors that have the tendency to appreciate in values as well like real estate investment. You need to diversify so just incase things aren't what you expected when it's time for harvesting your investments you don't get demoralised. Nobody knows the future of the industry but we hope for the best and the best is what is going to come although having back ups aren't a bad idea

You can still combine everything though, that's investing in Bitcoin and also investing in college saving plans and still make profits from all of them due to them all been a good way of investing. Provided you're not wasting money but making investments with them, you're doing the right thing.

You're right for the most part I think albeit some companies will definitely overlook the college degree requirement for the right candidate that shows the right kind of moxy that they're looking for. This opens up a wide net and i'm sure it'll come with some sort of pay decrease and have some reciprical effects to the professionals that actually have degrees.

You're absolutely right with the notion that you should just invest in both Bitcoin and Mutual Funds. I like that and it honestly should not ever be just one or the other but taking each into account and thinking of each scenario having both surely couldn't ever hurt.

If I told you that I know where you are actually driving at, I am telling a lie, and it's from the beginning to the end that you have been making surprising remarks. By the way, is it possible for entire companies in the world to abandon a college degree and opt for a PhD and lawyers only? That doesn't make sense, and for the record, there are companies that are only concerned about what you can offer them and not certificates per se, and there will always be spaces for a lower degree in all facets of the economy, that will never change for any reason, and this is not about a particular country, there will always be a need to hire from lowest to the highest rank while their paygrade and responsibilities will continue to differentiate them.

But for Bitcoin, it is a means to make money, so anyone can plan their present and future with it. However, one should still be very careful about it, we only know today, we do not know tomorrow. If I were you or anybody, I would diversify my portfolio and not rely on Bitcoin alone. Who knows what will happen in the near future? This is why it is wise for us to be careful here and when we have gained the advantage already, we should use it wisely even as we spread the risks.

It still talks about skills and what I convey is that work does not need to be seen from the extent of their education, but companies can hire someone based on skills. My country is still quite complicated regarding company criteria when accepting workers because they prioritize degrees rather than skills, even though there are still quite a lot of people out there who are not highly educated and have quite good skills in certain fields.

Not everyone is familiar with cryptocurrency so it is impossible for them to get the opportunity to work in graphic design, marketing, community management, business development, and technical skills for customer support like you are talking about. Although I agree there are lots of opportunities for people if they have skills in this area.

You don't need to agree with my view, if you fully understand what I am saying because it concerns the level of education if it is not necessarily needed for the issue of finding a job. Education is just a degree as proof that we have had formal education, because out there there are many people who are not highly educated who have succeeded in becoming business people and there are many people who are successful in the world of Entrepreneurship and so on.

I doubt that this would actually push through given the amount of jobs required to have technical and specialized skill which are taught in some degrees.

Sure, there may be jobs that may not require you to be a college graduate, but I do think that these are entry-level blue collared jobs. While this may also work in first world countries, having a degree in a third-world country is definitely essential and needed to at least guarantee you a paying and consistent job.


Remember that BTCs are investments. With its volatility, its price may increase/decrease at any given moment. While others may consider it a long-term savings plan, it should, however, be viewed as a moving investment. This means that you must take advantage of the sudden increase on its price because anything can still happen. Its unreliability is what makes it desired as a short-term investment; and the long-term part is considered due to the regular forks that happen every 4+ years.

what is discussed here is not the bachelor's degree, but the skills and experience of the job seekers, because what companies need are people with good skills and experience in the field they work in. because today there are so many people with bachelor's degrees and it is estimated that the number is increasing every year, and the problem is that most people with bachelor's degrees graduate with minimal knowledge about work in a company or other skills. even though companies need workers who are ready to work, because they waste too much time teaching people about various skills, that's why companies are now looking for workers with an orientation towards skills and experience, not titles.

Having an educational background could help you in the future as companies would be aware of your potential as you have studied for years in a specific field. It is an advantage as you would know the basics and the complicated things that are included for the job which is why some Ph.D. and Law jobs take years to qualify for a board exam. Companies hire people for a role that can be applied and learned by anyone but they are seeking people with work experience, why? They are already exposed to the work industry, they are aware of the pressures and the tiring job, which the fresh graduates haven't experienced yet. They are looking for people who won't resign after a month of working in hell, one of the factors that they choose experience over knowledge.

Bitcoin can not be replaced by any coin in the market. It has it own uniqueness and that is what made it the giant of the market.
Investing in Bitcoin is very much better compared to altcoins that can end up becoming a rug pull. This is one of the reasons why many people had decided not to invest in the market especially after they have made several loses in the market. Bitcoin is safe and it uniqueness had made it the best coin in the market.

I won't also go in that route. College Savings Plan is more tangible than having bitcoin investments.
As any crypto holding is a very risky investment, I won't jeopardize the future of my kids to something uncertain.
I would agree if you will just set aside a separate investment for btc or crypto, but hold onto the College Savings Plan.
Ensure the future of your kid rather than put it into a very volatile investment where you have no idea where will it be after few years of waiting.

this is an interesting idea that will do more good to young people preparing for adulthood.

Imagine we invested all the money we are spending in school into something like bitcoin it any other thing, within the four to five years we stay in school, we would have saved or invested a huge amount of money. Like in my undergraduate days, what we spend a session for school expenses minus food is roughly $300, if you multiply it by five that should give you around $1500, if such amount is invested within 2 to 3 years, the returns would be reasonable to a very large extent.

A lot of people have shared their opinion on the topic, if we had a poll I believe 60% would be against the idea of the OP. For me, I think you should base your decision on the economy of your country and your values. If you are living in Nigeria, like me, or any third world nation for that matter, it would be a wise decision to skip college and use that money to invest in bitcoin and train your child on a skill. In Africa, the number of graduates per year is triple the amount of jobs available. Having a skill is more lucrative than a masters degree.

The best college savings plan is to not go to college at all and to tell your bastard kids not to go to college either. Colleges promote violence. College is a SCAM! I know. I was a professor.

-Joseph Van Name Ph.D.

P.S. If you want to prove your intelligence, a college degree does not mean squat. Prove your intelligence by investing in a cryptocurrency with a mining algorithm that is actually designed to advance science.

In my country I noticed the exact opposite, a Bachelors degree becomes the norm today and whereas maybe 10% of the young people went to university back in the days, it's probably 35-45% today. There are so many school schemes that offer your high school diploma during evening hours and even people who aborted school at a young age will come back later. Also the whole university landscape changed a lot in the last 20 years. A lot of so-called universities are working together with companies and offer applied degrees, where you will spend half the time working full time and half the time studying. The company will pay for your education and expects you to keep working for them after you finish graduation. Which is why I feel like that the Bachelor’s degree became mandatory for many jobs today. I am not so familiar with the various savings plans from insurance companies, but doesn't a life savings plan usually mean that you only get the money after retirement? In my country the whole concept of a life savings contract is that you get a certain amount of minimum expected return, and everything above that is not guaranteed and based on return of your assets. If you ask me, I would always prefer to invest the money myself and don't pay for all the fees for the insurance company. Saving on our own gives us all the freedom to buy crypto currencies and we can also withdraw money if it's needed.

You have a great view of the future specially adding Bitcoin on it , I have a college student
now and yes Bitcoin also helped me saved for my second son that will be entering college also in the next semester .
so with this I completely support your idea here and hope next year as my son entering
college , I can pay at least first 3 years of His course from my funding for his education from bitcoin investing.

This is a difficult choice, choosing one thing is never easy, and ideally it would be good to get a higher education and save a little for investment, even if it is a small investment, it can become something big in the future. Without a good education, it will be even more difficult to find a good job, and therefore you will have to work hard all your life.

Education will never be superfluous, despite the fact that now the situation is difficult and it is difficult to find a job in your specialty, but everything can change in the future. When I was studying, I found a temporary job and could save some money, there are always opportunities.

This scenario might quite depend but it's different if you have the degree it your proof that you graduated, and earned knowledge and skills that can be used outside the school for your daily needs and life sustainability. People now are using skill base even you have credentials but in some cases not always like in others if you apply to work, knowledge or a degree too is an investment. Those degrees are your certificates to become a valuable person. If you have money like Bitcoin but are not too literate surely you will just spend those easily and vanish an instant. But use bitcoin as your extra savings and investment is ideal plan if you have already a good source of income.

If only every one would learn how to trade and how to use Bitcoin , then who will be the losers in the coming days because for someone to profit there must be a loser in their investment.
wondering if all the youngsters now will not go to college instead will just invest in bitcoin and other altcoins, who will build infrastructure in the future? who will be the laborer then?