Worth investing as a student?

[Lemmmy]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

[1715243870]

1715243870

[1715243870]

1715243870

[Ultegra134]

Depends on where you want to invest, you could invest into trading, buying BTC or Altcoins and then trying to sell them at a higher price, buying GPUs/Rigs for mining could also be one investment, not sure if I'd recommend that, If Bitcoin price dumps, I'm in a bad position after investing in GPU parts etc.
Anyway, I don't have much knowledge on trading, but what I would suggest you is to not invest all your money into one coin, if that coin's price drops, you are pretty much doomed.
You could try investing small amounts of money here and there and see how it goes till you obtain the basic knowledge on how trading works.
No one can really speculate the price of Bitcoin or any other coin, I'd advise you to be extremely critical when reading any speculations, could turn out bad if they don't go as expected.

[Lemmmy]

Depends on where you want to invest, you could invest into trading, buying BTC or Altcoins and then trying to sell them at a higher price, buying GPUs/Rigs for mining could also be one investment, not sure if I'd recommend that, If Bitcoin price dumps, I'm in a bad position after investing in GPU parts etc.
Anyway, I don't have much knowledge on trading, but what I would suggest you is to not invest all your money into one coin, if that coin's price drops, you are pretty much doomed.
You could try investing small amounts of money here and there and see how it goes till you obtain the basic knowledge on how trading works.
No one can really speculate the price of Bitcoin or any other coin, I'd advise you to be extremely critical when reading any speculations, could turn out bad if they don't go as expected.

Thank you for the information! I agree with you that buying rigs is a risky long shot with such a low budget so I'll definitely steer away from that for now.

When you say trading, what specifically is being traded? Shares? Goods? Services?

I was mostly thinking coin investment, probably BTC and ETH. The multiple coin suggestion is a very good one and I'll definitely keep that in mind.

[ultrloa]

Depends on where you want to invest, you could invest into trading, buying BTC or Altcoins and then trying to sell them at a higher price, buying GPUs/Rigs for mining could also be one investment, not sure if I'd recommend that, If Bitcoin price dumps, I'm in a bad position after investing in GPU parts etc.
Anyway, I don't have much knowledge on trading, but what I would suggest you is to not invest all your money into one coin, if that coin's price drops, you are pretty much doomed.
You could try investing small amounts of money here and there and see how it goes till you obtain the basic knowledge on how trading works.
No one can really speculate the price of Bitcoin or any other coin, I'd advise you to be extremely critical when reading any speculations, could turn out bad if they don't go as expected.

Thank you for the information! I agree with you that buying rigs is a risky long shot with such a low budget so I'll definitely steer away from that for now.

When you say trading, what specifically is being traded? Shares? Goods? Services?

I was mostly thinking coin investment, probably BTC and ETH. The multiple coin suggestion is a very good one and I'll definitely keep that in mind.

The XRP,Waves,ICN and Pillar is worth to invest with but if you've got short bugdgeted guy since you are a student then you can also do some bounty jobs so that you can earn while waiting for your investment to grow for long period of time. But make sure that you are around since their are some certain flaws on its flactuations so that you doesn't miss those profit earning times when pump comes on them.

[Ultegra134]

Depends on where you want to invest, you could invest into trading, buying BTC or Altcoins and then trying to sell them at a higher price, buying GPUs/Rigs for mining could also be one investment, not sure if I'd recommend that, If Bitcoin price dumps, I'm in a bad position after investing in GPU parts etc.
Anyway, I don't have much knowledge on trading, but what I would suggest you is to not invest all your money into one coin, if that coin's price drops, you are pretty much doomed.
You could try investing small amounts of money here and there and see how it goes till you obtain the basic knowledge on how trading works.
No one can really speculate the price of Bitcoin or any other coin, I'd advise you to be extremely critical when reading any speculations, could turn out bad if they don't go as expected.

Thank you for the information! I agree with you that buying rigs is a risky long shot with such a low budget so I'll definitely steer away from that for now.

When you say trading, what specifically is being traded? Shares? Goods? Services?

I was mostly thinking coin investment, probably BTC and ETH. The multiple coin suggestion is a very good one and I'll definitely keep that in mind.

Trading = Buying and selling Cryptocurrency such as BTC, ETH, SC, ZCash and many many more.
It means that you'll buy BTC for example at the price of $2000, save it till you see a price increase and sell it for profit at $2300 when price has increased. Same goes for all the other coins. Bitcoin is the "Main" Cryptocurrency in simple words, the others are called Altcoins, Ethereum, Monero, ZCash and many more, in simple words, "Alternative" coins might be a good word to use.
Have a look at this website to check popular coins and their price chart history to get the basic concept.
https://coinmarketcap.com/

[tabas]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

While there is still time that bitcoin isn't reaching to $10,000 I suggest just go invest in bitcoin. Buy bitcoins now and while you are studying you don't have to manage it daily, because the basic thing you need to do is to hold bitcoins. And you can now study and focus with it while your investment in bitcoin is running passively.

[cafucafucafu]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

Depends on where you want to invest in, if you do invest in altcoins, they can rapidly go up netting you heaps of profit. With 250, you could get at least 0.1 Bitcoin. That isn't much but it is enough to start.

From then on you can start posting here and leveling up your account or offering your services to make a bit of bitcoin on the side. If you know photoshop, code, graphic design, or have other skills that you think people will need you can start posting your service on "services" and then start to build up your Bitcoin.

[dothebeats]

4 years ago, I was a student like you, and I'm doing 2 jobs just to have my education going plus my daily expenses as well. I'm making good money, more than enough for school and daily life. The thing is, there isn't much to spend the spare one so I just go and buy whatever the hell I want. If only I knew bitcoin back then, I would have been a millionaire by now since I was able to save $300 a month and have my expenses paid. The thing is, there is never a good time to invest; you just need to be wise on what to invest on. That $250 might not be a big sum today but give it a few years and you will be one of the luckiest people who took the risk and opportunity of buying the investment of your lifetime.

[Lemmmy]

Thank you everybody for the replies 

The XRP,Waves,ICN and Pillar is worth to invest with but if you've got short bugdgeted guy since you are a student then you can also do some bounty jobs so that you can earn while waiting for your investment to grow for long period of time. But make sure that you are around since their are some certain flaws on its flactuations so that you doesn't miss those profit earning times when pump comes on them.

Trading = Buying and selling Cryptocurrency such as BTC, ETH, SC, ZCash and many many more.
It means that you'll buy BTC for example at the price of $2000, save it till you see a price increase and sell it for profit at $2300 when price has increased. Same goes for all the other coins. Bitcoin is the "Main" Cryptocurrency in simple words, the others are called Altcoins, Ethereum, Monero, ZCash and many more, in simple words, "Alternative" coins might be a good word to use.
Have a look at this website to check popular coins and their price chart history to get the basic concept.
https://coinmarketcap.com/

Got it! I'll definitely keep an eye out on the altcoins then and invest a little in multiple

While there is still time that bitcoin isn't reaching to $10,000 I suggest just go invest in bitcoin. Buy bitcoins now and while you are studying you don't have to manage it daily, because the basic thing you need to do is to hold bitcoins. And you can now study and focus with it while your investment in bitcoin is running passively.

Yep this definitely looks like a good time to invest! Passive investment sounds good for me since I'll be busy with studying later in the year.

The XRP,Waves,ICN and Pillar is worth to invest with but if you've got short bugdgeted guy since you are a student then you can also do some bounty jobs so that you can earn while waiting for your investment to grow for long period of time. But make sure that you are around since their are some certain flaws on its flactuations so that you doesn't miss those profit earning times when pump comes on them.

Depends on where you want to invest in, if you do invest in altcoins, they can rapidly go up netting you heaps of profit. With 250, you could get at least 0.1 Bitcoin. That isn't much but it is enough to start.

From then on you can start posting here and leveling up your account or offering your services to make a bit of bitcoin on the side. If you know photoshop, code, graphic design, or have other skills that you think people will need you can start posting your service on "services" and then start to build up your Bitcoin.

Yep, I have skills in programming and graphic design so selling services during holidays sounds like another way to net a profit and build BTC. This is something I'm definitely gonna look into!

4 years ago, I was a student like you, and I'm doing 2 jobs just to have my education going plus my daily expenses as well. I'm making good money, more than enough for school and daily life. The thing is, there isn't much to spend the spare one so I just go and buy whatever the hell I want. If only I knew bitcoin back then, I would have been a millionaire by now since I was able to save $300 a month and have my expenses paid. The thing is, there is never a good time to invest; you just need to be wise on what to invest on. That $250 might not be a big sum today but give it a few years and you will be one of the luckiest people who took the risk and opportunity of buying the investment of your lifetime.

Thank you for the very wise words! It does seem to me like bitcoin is a much better way to spend my time and money on than with multiple part time jobs, especially when I'll be busy with school too. Spending wisely is also very good advice, thank you for that!

[tabas]

Thank you everybody for the replies 

While there is still time that bitcoin isn't reaching to $10,000 I suggest just go invest in bitcoin. Buy bitcoins now and while you are studying you don't have to manage it daily, because the basic thing you need to do is to hold bitcoins. And you can now study and focus with it while your investment in bitcoin is running passively.

Yep this definitely looks like a good time to invest! Passive investment sounds good for me since I'll be busy with studying later in the year.

Your welcome mate as long as you know what you are entering and you know the risk that you are taking. This is the beauty of investing in bitcoin, you don't have to be full workload and grow your bitcoins. The value itself will expand depending on the market of supply and demand and as of now the charts are pretty to see.

[molsewid]

there's a lot of types when you say you're gonna invest on bitcoin there's a self investign which you'll only gonna wait years on bitcoin to raise it price . you can also put it on some gambling sites that offering bank roll. with a good profit everymonth. you can also do trading which usually people do in the market. im saying that bitcoin investing is very worth it. you're still young but you can be rich in bitcoin.

[maokoto]

Many people in the Bitcoin world are hopping for a much bigger raise in value yet, however, it is probably not so near in the future. I would say that investing 100-200 in Bitcoin and just forget about it and let it grow can be worth it.

[passwordnow]

I think everything is clear now to op that it's worth to invest in bitcoin as a student. To prevent some uncertain answers and suggestion maybe you can now close this thread since you got a lot of answers already.

[jorneyflair]

Sure, any investment in bitcoin would be good since bitcoin has the ability to rise and fall in price. Just keep this in mind, don't think of bitcoin as a get rich fast method or free money, if it was like that pretty sure everyone would invest in it. Instead learn about bitcoin and from your knowledge you will be able to know when to buy bitcoin and when to sell.

Here are some tips when entering the crypto world and investing

1. Do not listen to any FUD about how bitcoin will die, they are just false rumours.
2. Only invest what you are able to lose.
3. Do not panic sell.
4. Consider selling portions of your bitcoin when the price is high and then re buying bitcoin at a lower price.

[Bejkn]

I wish you ask this question in 5 years ago, then I would tell you that just buy bitcoins and forget your bitcoins. until after 10 years, you take your bitcoins back, you will be the richest man in the world. 


but now, bitcoin met the risk of spilt, and the price is not cheaper for a student, you may can buy 1-2 BTC or more, but it will affect your life quality.

[Anegg]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for Christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

Maybe not invest, but just save those couple hundred pounds. It wouldn't be worth putting all of what you get into crypto since no one knows what might happen. The crypto world is very unstable and I wouldn't recommend going all in.

What I would recommend doing would make some money from this bitcoin thing, but without actually starting with an investment. What courses are you taking? Maybe some of those skills could be helpful to the community and you could charge Bitcoin for your services.

[Sniper44]

if you don't need that money then investing it in bitcoin is a good option.
first learn how to make a cold storage to keep what you buy.
they find the best option for purchasing bitcoin since it can be different based on where you live and how you want to deposit that money.
they buy and transfer the coins to that cold storage.

since you don't need that money then let the bitcoins be there until you either need them or at least a couple of years has gone by. there have been many who bought $100 worth of bitcoin around 2010 and became rich just like that.

[Mr.Anonymous]

I wish you ask this question in 5 years ago, then I would tell you that just buy bitcoins and forget your bitcoins. until after 10 years, you take your bitcoins back, you will be the richest man in the world. 


but now, bitcoin met the risk of spilt, and the price is not cheaper for a student, you may can buy 1-2 BTC or more, but it will affect your life quality.

Why not choose buy Bitcoin when have issue? With me, if the price of Bitcoin in next time crash a half price in present, I will buy a huge amount Bitcoin and not miss it as in history and missed. Also, with a student can't buy 1-2 BTC, they still can buy 0.x BTC or 0.0x, just need can they accept forget this amount in long time or not?

[Denker]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

This is no financial advise!
But if you want to invest make sure it's money you don't need, therefore the loss of it does not hurt you!
Bitcoin still is by far the most dominant crypto coin and if you believe in it's future success it's definitely worth a shot!The upside potential imo is incredibly huge!
However don't try to make quick cash with it. You have to think long term, 5-10 years probably!
Quick money ,however also huge loss due to enormous risk, can be made with altcoins.

So maybe try to invest each month a bit of money and see how it feels for you to have a bit of stake in the crypto space.
Beside that study and research as much as you can about Bitcoin etc., so that you understand the deeper discusssions about new updates, features events, happenings and so on various forums and boards. It's definiely worth it and you can just win by doing so, because cryptos are the future.

[iqlimasyadiqa]

Hey there. New to the BitcoinTalk forums, happy to be here

I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so?

I recommend you to invest in bitcoin now with the amount of money you have. But I see that you will feel comfortable investing after the beginning of August. Currently the situation is still not very stable, it is likely that bitcoin prices will continue to move significantly. If the price decreases of course you will experience a loss, so hold your money and wait until the right time / safe time comes.