Need your advice for student who invested all his savings into bitcoin

[QUANTOR]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

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[Genrix]

Don't you know, that Goldman Sachs opens cryptocurrency trading desk? Don't keep in mind such words of CEO, that is for price manipulation

[Nebhunu]

Keep yourself a target in mind, so you can withdraw your investment as soon as you reach it, to minimize the risk that you lose a significant portion of your savings. After that, feel free to experiment.

[davis196]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

It`s down with 30-40%??? What are you talking about?The btc price increased during the past few days.
I quess you mean it`s down from 19000 USD to 15000 USD.This is just a price correction,not a crash.
Bitcoin is a bubble,but there`s nothing wrong about that.Nobody knows when the bubble will burst.It might be after a few years.Just hold your bitcoins and don`t panic ,when the price goes down for a while.

[Netnox]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

Right now, Bitcoin is trading at around $16,000 per coin, which is around 15% lower than the historical peak of $19,000 per coin. Even if you had made the purchase at 19K, you don't need to worry. The future potential is looking good and the number of users is increasing at a good pace. But then the most important thing is that you must be ready to wait for at least 1-2 years. Because no one will make you super-rich in a few days time.

[NavI_027]

In my opinion, that student should not worry too much because he invested in Bitcoin, the strongest coin of all. Btc falls down recently but it's recovery is for sure. Keep calm.

I think the thing he should worry about is the fact that he insist to invest even not yet well experienced in this field. Lack of knowledge about btc might lead him in making bad decisions in the future that may give him a chance to lose what he invested.

[Genrix]

Speaking about advice, I would recommend you to invest in several crypto coins from top 10, if you a stick to BTC, better wait till 8-10 k, because now it is overestimated. Also don't forget about your investing horizon

[Pursuer]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

the JPMorgan CEO didn't say bitcoin is a bubble, he said bitcoin is a "fraud" and this was a couple of months ago when price was a lot lower than this. it was back when price was having a correction very similar to the recent correction at $7800.
and then we found out he was manipulating the market for a bigger dip so that his firm can buy bitcoin.

my advice? is that you should stop listening to the media and start using your own judgment. it is your money, and nobody cares about it more than you do.

[Haladay]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

No matter what JpMorgan or Goldman Sachs say, the bitcoin is a real technology and we all know this. Nobody can ruin this in long run. They can only cause fast price decline and market crash. Besides, it's not possible.

[PERtua]

Speaking about advice, I would recommend you to invest in several crypto coins from top 10, if you a stick to BTC, better wait till 8-10 k, because now it is overestimated. Also don't forget about your investing horizon

how can he wait where in fact the word there id "invested" meaning the pal already invested to btc and after investing the price went down. BTW, as to the advice to the kid, i must say he needs to wait to have a profit, if he dont have extra funds to buy more while its dipping.. better to wait than to cut loss. besides we all know bitcoin will still rise no matter what.

[Beerwizzard]

Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

And I'm sure that it is. But also notify that many experts say that the whole stock market is a bubble that grow for the last years. And it doesn't mean that you can earn on some speculations on this bubbles. My advice is to take time before performing any actions and not to buy crypto for all your money.

[akram143]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

People saying that bitcoin is a bubble since 2009,but bitcoin is proving that it is not stiil but who knows maybe bitcoin can explode in the future.But right now bitcoin still the king of crypto currencies.And you can check the price now it almost increased 10% in some hours so bitcoin has the potential to recover from the price crash so don't worry about it you will have profits in some months.

[VitKoyn]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...  
What can you advise?  

Investing all of your savings in one investment is not a good idea, whenever the price fall you will lose your investment but investing in Bitcoin is the best option for inexperienced trader/investor. JPMorgan Chase CEO Jamie Dimon is a manipulator that is trying to use his influence because he wants Bitcoin price to crash so that he can buy it on a lower price, my advise is don't listen whenever you read or heard about article/news about Bitcoin being a bubble, fraud, or even scam. Those articles/news usually comes out whenever there is a huge increase in Bitcoin price but none of them can prove it.

[Quidat]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

Dont believe on that shitty JPMorgan shill outs because he cant really make any influence on bitcoins price on which way to go. Remember that bitcoin isnt a bubble since lots of people or community do support it. Regarding on what you asked on a student putting up all of your savings is somehow a risky move because no matter how good bitcoin is  but still the risk of losing money is there. This is why its always advisable to put up on the amount that you can afford to lose up. Secure all the priorities on your studies before thinking up on investing.

[KsenijaHelle]

Anyone from the traditional finance world is unlikely to understand what's going on. Do your own research and never invest more than you can afford to lose.

[adzino]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

The price went up from $4,000 USD to almost $20,000 USD in just few weeks. People thought it was a bubble and started to compare it with the dutch tulip mania incident. But they don't have any clue how it works. The price fall was bound to happen due to the sudden price rise. And this correction was very much needed and actually quite healthy. We have seen the price being stable around 13k-14k USD for the last few weeks, and now the price has start to go up and is currently around $16,000 USD. What I am trying to say here is that you should get yourself familiar with this ups and downs that happens on bitcoin.
My advise is not to hear what those shitty CEO says. Just invest whatever you can afford to lose.

[yvesp110]

Keep yourself a target in mind, so you can withdraw your investment as soon as you reach it, to minimize the risk that you lose a significant portion of your savings. After that, feel free to experiment.

Exactly not to be greedy, this is the whole sum up of this statement, if I am not wrong there will be more profit for you or there can be a huge loss for your side. Better is to go with margin policy that whenever you will get this much amount or share in the market, you will sell your coins without any delay. Don’t be greedy waiting for much profit and then ending with a huge loss.

[Dreamchaser21]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

No matter what JpMorgan or Goldman Sachs say, the bitcoin is a real technology and we all know this. Nobody can ruin this in long run. They can only cause fast price decline and market crash. Besides, it's not possible.

Bitcoin is unstoppable and even those people say negative things about it, the price of bitcoin still manage to bounce back. Yes the price of bitcoin dump but it doesn't mean that its not good. You should make your own study and you will realize that it is really worth holding for.

[darkangel11]

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%... 

What can you advise? 

First of all I have my own mind and I don't need CEO of JP Morgan, whose own daughter is a Bitcoin investor, to keep telling me what to do with my money. When I'm investing I'm usually reading opinions from other former and current investors, not people from outside the community who have a very limited understanding of what it is that we're doing here.
If I were a student who somehow went all in at the top, I'd have never allowed myself to be a bag holder with a 30% loss. I'd allow my twitch finger to seal the deal oce it went a 5% below my entry point.
Now we're going up again and we seem to be still in a bullish trend with an expectation to at least hit the previous ATH this year. I'd hold if I were you.

[The Sceptical Chymist]

Jesus.  Yeah--this is why I've put no money into bitcoin (or any crypto) in quite a few months now.  People are acting so frigging irrational about bitcoin, like those stories you read about how people are selling their houses for btc, buying it with credit cards, selling their kids' toys, etc.  This is what happens in bubbles and I want no part of the crash that's coming. 

So for the student, I'd say sell everything you got and focus on your studies.  I don't think college students really ought to be speculating, but that's just me.  When I was in school I never had enough money to gamble anyway--I needed it to eat pizza.