Investing in Bitcoin in Student Life

[Vaculin]

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

It’s a great advantage that you are actually thinking to invest in bitcoin with your funds on hand. However, the fact that it’s highly volatile, then never invest all in, or never stick for bitcoin as your only investment. If you are aiming to make secured profits, invest also in other investments like real estate or stocks as they can also be profitable too if you know how these investments work.

[1714678065]

1714678065

[Baoo]

To be honest, investing in Bitcoin provides valuable earnings unlike depositing your income on a bank. In fact, I have noticed that you invested low amounts in BTC  due to BDT is extremely weak. However, it is a wise choice for you to find more sources of money on the internet especially if you have available time and I highly advise you OP to start doing freelance jobs depending on your skills, talent and knowledge, that would definitely help you to increase your profit, there is a plenty of Freelance platforms, try to pick the ones with crypto payment and active or you can try your luck on this forum. To begin with, build a professional portfolio , then post your services and put affordable prices. Best of luck.

[Twentyonepaylots]

I also think that it is better to keep my money on crypto rather than Bank, it is not just about security but also the return is far more greater than holding it on bank.
The only thing that concerns me is that how would we explain it when the time comes that we have to exchange our crypto into Fiat and it is illegal in our country?
I am sure that it would be somehow get didected or it would be suspicious.

I think it still better for us to secure our savings in the banks. But, as long as you are willing to take the risk and you can really afford to lose your money then do so. I think the best thing to do if your really want to invest in cryptos is just to allocate a portion of your money in the cryptos and others would be secured in the bank. I think this suits me well for now since I want to invest small portions of my salary while saving another portion on digital banks since here in my country, digital banks are in the rise that offers significantly higher interest rates while offering the easiness of onboarding into it since it is fully digital. All in all, I do not agree that keeping money in crypto is better than in bank since it is the nature of crypto to be volatile making it risky to put your money, but again if you really want returns then you have to risk something.

[Rigon]

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

I am very satisfied with your investment idea. After managing your hard-earned family, you leave the rest to invest in Bitcoin. I pray for your success in your investment. At present, the most corruption has started in the banking sector. Investing in Bitcoin is more suitable than keeping money in the bank. Because then your bank may go bankrupt. In case of bankruptcy, you will not get any money back from the bank. You should invest very carefully as Bitcoin is still illegal in your country. But I want to advise you from my point of view that you must use a secure wallet so that no hacker can hack your wallet later. A secure wallet ensures you keep your investment there for a long time. And the second is that you don't just focus on Bitcoin but focus on some other coins so that you can get good return on investment.

[Smack That Ace]

Investing in bitcoin offers better returns than depositing money in a bank. But as you said, investment is profit or loss, everything is risky, and bitcoin is no exception. I advocate when you invest in bitcoin, but remember one thing, only invest as much as you can afford to lose, and diversifying your portfolio is essential. Don't focus on just one asset, as the future is unpredictable.

Aside from the bitcoin investment, I think it's important for you now to have some savings. You probably won't need it now, but you may need it in the future for emergencies. Because your bitcoin investment doesn't always give a positive return, there will come a time when our portfolio loses, and we won't want to use it.

I suggest you focus first on your studies more than investing. Investing may be good and profitable but only for those who have high experiences in an investment. However, if you really want to invest, just invest a small amount so that if your investment does not work out, at least you will never face financial problems. And always be open for some losses, as bitcoin investment for newbies is mostly into losing than making profits.

I agree, as a student, learning is more important than investment. But if we can arrange a time to work part-time or find other sources of income, such as investment, that is also a good thing. I mean, getting experience early gives us more advantages after graduation. But make sure that part-time jobs and investments will not affect your studies, you can invest.

Investing is for everyone, as long as anyone can take the risk and knows what they're doing with their money, they can invest. You cannot say that investing is only for experienced people. At first, you are just a newbie, and to have the experience, you need to experience it.

[JayTrain]

It's understandable to have reservations about investing in Bitcoin, especially since it's still illegal in your country. However, your approach of investing small amounts and holding for the long term is a good strategy. It's also true that many people are losing trust in traditional banking systems, which is leading them to explore alternative forms of investment like Bitcoin. Just remember to always do your research and invest wisely, taking into consideration the risks involved.

[tjtonmoy]

This is the true beauty of bitcoin. You can invest from as low as $1 in bitcoin. Yes, bitcoin investment does have some risks involved. But in the long run, you are going to be profitable. Banking system in every country is trash. And it's no surprise that they are going bankrupt. And this is the problem with banking system. They can ask the central bank for more money and the Government will just print new money. Thus, the beginning of inflation.
Your idea of saving your money in Bitcoin rather than keeping them in banks. You never know what the economy will turn to and when they will be bankrupt. So your decision was a good one. Keep hodling till the next bull run for the maximum profit.

[Fatunad]

Investing in bitcoin offers better returns than depositing money in a bank. But as you said, investment is profit or loss, everything is risky, and bitcoin is no exception. I advocate when you invest in bitcoin, but remember one thing, only invest as much as you can afford to lose, and diversifying your portfolio is essential. Don't focus on just one asset, as the future is unpredictable.

Aside from the bitcoin investment, I think it's important for you now to have some savings. You probably won't need it now, but you may need it in the future for emergencies. Because your bitcoin investment doesn't always give a positive return, there will come a time when our portfolio loses, and we won't want to use it.

I suggest you focus first on your studies more than investing. Investing may be good and profitable but only for those who have high experiences in an investment. However, if you really want to invest, just invest a small amount so that if your investment does not work out, at least you will never face financial problems. And always be open for some losses, as bitcoin investment for newbies is mostly into losing than making profits.

I agree, as a student, learning is more important than investment. But if we can arrange a time to work part-time or find other sources of income, such as investment, that is also a good thing. I mean, getting experience early gives us more advantages after graduation. But make sure that part-time jobs and investments will not affect your studies, you can invest.

Investing is for everyone, as long as anyone can take the risk and knows what they're doing with their money, they can invest. You cannot say that investing is only for experienced people. At first, you are just a newbie, and to have the experience, you need to experience it.

But having both on early wouldnt really be that a bad idea as well as long you do know on what you are doing and you do have those kind of targets even if you are just a student then it might do but it wouldnt really be that simple since you arent that someone who do generate some income to support that kind of plan specially on buying or investing into something or in Bitcoin. This what makes even more challenging, initial steps are needing to be taken because if you wont really be making such move then it would really be giving you no progress. Plans wont be materialize if you wont really be making acts. When you are still a student then making out some investment acts or movement isnt something that would be simple since resources would really be not that possible since we are still dependent from our parents which it would be hard to make a first step. Somewhat there are some people who are really that eager on learning up things and making involvement which if it turns out positive then it would be giving out good results which
it is really that main advantage.

[Kasabus]

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

I’m glad you already gained significant knowledge about bitcoin and seems you are doing the right thing just by investing in bitcoin. However, know that knowledge is not enough, but build more experiences too so you will develop your investing skills too. And when investing, always put a small amount at first, an amount that you can manage to lose especially if you are still a beginner that is prone to fear and panic every time the market is not in its best shape and prices are declining. Never expect short term profits from bitcoin as it can only be profitable if you hold it for years as a long term investment.

[fruktik]

I think it still better for us to secure our savings in the banks. But, as long as you are willing to take the risk and you can really afford to lose your money then do so. I think the best thing to do if your really want to invest in cryptos is just to allocate a portion of your money in the cryptos and others would be secured in the bank. I think this suits me well for now since I want to invest small portions of my salary while saving another portion on digital banks since here in my country, digital banks are in the rise that offers significantly higher interest rates while offering the easiness of onboarding into it since it is fully digital. All in all, I do not agree that keeping money in crypto is better than in bank since it is the nature of crypto to be volatile making it risky to put your money, but again if you really want returns then you have to risk something.

        In today's current financial system, I would not invest money in bank deposits. Well, what kind of profit can there be here when the interest rate barely covers inflationary risks, or even does not happen at all? In this case, we provide banks with only the liquidity on which they earn, while we ourselves are left with nothing. So it also comes at a loss. Is this the case?
        It is much more profitable to consider other options for investment assets. In recent years, there have been an incredible number of them and there is a choice.

[Aikidoka]

This is the true beauty of bitcoin. You can invest from as low as $1 in bitcoin. Yes, bitcoin investment does have some risks involved. But in the long run, you are going to be profitable. Banking system in every country is trash. And it's no surprise that they are going bankrupt. And this is the problem with banking system. They can ask the central bank for more money and the Government will just print new money. Thus, the beginning of inflation.
Your idea of saving your money in Bitcoin rather than keeping them in banks. You never know what the economy will turn to and when they will be bankrupt. So your decision was a good one. Keep hodling till the next bull run for the maximum profit.

I agree with most of what you said, but it wouldn't be a good idea to store all of his earnings in BTC and keep holding. For the OP's safety, he should divide his earnings between his local currency and Bitcoin

As you mentioned, most of the bank systems in the world are really unreliable, and I wouldn't want to keep my money in banks since I can't control it as easily as when I have my BTC in my own wallet. I can control it whenever and however I want without any single restrictions.

As a student, it would be a great idea to invest in Bitcoin slowly and make a good budget because sooner or later, you'll need it and it would be helpful when that time comes. Another point to consider is that if you save your money in a bank, your money will remain stable for a long time with no profit or losses. However, once you invest in Bitcoin, you'll experience high volatility in the value of your investment, and over a long-term investment you're likely to earn a lot.

[yudi09]

Yes, bitcoin investment does have some risks involved. But in the long run, you are going to be profitable. Banking system in every country is trash. And it's no surprise that they are going bankrupt. And this is the problem with banking system. They can ask the central bank for more money and the Government will just print new money. Thus, the beginning of inflation.
Your idea of saving your money in Bitcoin rather than keeping them in banks. You never know what the economy will turn to and when they will be bankrupt. So your decision was a good one. Keep hodling till the next bull run for the maximum profit.

Full control is in the holder. That's a sentence that can distinguish securing money in investing in Bitcoin by saving money in a bank.
The Bitcoin financial system is pretty neat and easy. In contrast to the system owned by the bank.
The presence of Bitcoin to offer an easy financial system, but many do not agree because it can disturb those who are greedy.
No matter how small the investment in Bitcoin is very good to do because you can get a better return than what you get if you keep it in a bank.

$100 now might be able to buy 1 shirt, not necessarily $100 can buy clothes one year later.

[blckhawk]

I started as a student too, I didn't paid it much attention early on but eventually the curiosity got the best of me and I explored and having watched documentaries about banks and how they are a broken system and the movie The Big Short, I think that it's time that we probably shouldn't rely too much on banks. It's a good thing that a lot of people have started young when they've learned about bitcoin, it's a sign that our generation will be one of the factors that will cause the demise of our current banking system.

[Questat]

I started as a student too, I didn't paid it much attention early on but eventually the curiosity got the best of me and I explored and having watched documentaries about banks and how they are a broken system and the movie The Big Short, I think that it's time that we probably shouldn't rely too much on banks. It's a good thing that a lot of people have started young when they've learned about bitcoin, it's a sign that our generation will be one of the factors that will cause the demise of our current banking system.

We are actually brainwashed by most people around saying that banks are a good institution when saving money. But never been told that they are just using our money for their sake of multiplying it and earning much than us.

It is a good thing that some young people have already opened their minds and started making their journey to investing. Not even told in the school but can be found on the internet and the benefits they get. Just like you and OP, you're making yourself prepared for the future.

[posi]

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

It’s a great advantage that you are actually thinking to invest in bitcoin with your funds on hand. However, the fact that it’s highly volatile, then never invest all in, or never stick for bitcoin as your only investment. If you are aiming to make secured profits, invest also in other investments like real estate or stocks as they can also be profitable too if you know how these investments work.

He is a student, and he also has to support his family. How can you give him investment advice in real estate or stocks? What you need to prioritize is to focus on learning, investing is just a job that helps you gain more experience as well as earn extra income in your spare time, so don't spend too much time and money on it. I think in addition to the bitcoin investment, what he needs is some extra savings because students will need money to take care of other expenses after graduation.

[Altryist]

We are actually brainwashed by most people around saying that banks are a good institution when saving money. But never been told that they are just using our money for their sake of multiplying it and earning much than us.

It is a good thing that some young people have already opened their minds and started making their journey to investing. Not even told in the school but can be found on the internet and the benefits they get. Just like you and OP, you're making yourself prepared for the future.

Banks have never hidden that they will use depositors' money to make a profit, this is nothing new. Banks have other threats in them, and they are all the more relevant now during the banking crisis, although even before that it was a bad idea to hold there large sums of money.

The banking crisis is just beginning and which of them will be able to survive these difficult times is not clear. In such conditions, it would be a smart decision to keep away from banks. I know that not everyone will follow this advice and there will be those who will lose their money, because they will hope that the state will protect them. And even more so, it is worth staying away from banks in the early stages, when you are a student and are just starting your journey in the world of finance.

[Asuspawer09]

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

If you truly believed in Bitcoin continue to invest, and study more, and maybe you could dollar cost average, I also believed that Bitcoin is a better investment than putting your funds in your bank setting and earning a very small amount of interest. But dont invest all of your funds in Bitcoin at least your gonna need to save on your bank as well since it's for your convenience, in case of emergency you have funds that you could use.

I'm just a student as well when I started buying Bitcoin even though I dont really have a lot of money but I save a little bit of my money to buy bitcoin buying a little bit of bitcoin every time, I did profit a lot from investing when the bitcoin reach around 20k$ when I sold my bitcoin, and last year I start to accumulate more bitcoin again for profit in the future.

[carlisle1]

I started as a student too, I didn't paid it much attention early on but eventually the curiosity got the best of me and I explored and having watched documentaries about banks and how they are a broken system and the movie The Big Short, I think that it's time that we probably shouldn't rely too much on banks. It's a good thing that a lot of people have started young when they've learned about bitcoin, it's a sign that our generation will be one of the factors that will cause the demise of our current banking system.

Yeah right, with the emerging new technology and with the early adoptions or learning of our young generations, that chance
may take place in terms of banking system.

We might see more people to start trying alternative ways to save and invest their money, unlike with the past generations, where banking is the only options or maybe most of the people's options.

But now, with crypto and other alternative ways of saving and investing, we will see more people to explore and take chances to
use other venue, especially those students who learn it and adopt it the way they understand the technology.

[tjtonmoy]

~Snip

Investment should only be made from a separate account which is meant only for investing and you should only hold the amount that you are willing to invest.  And you need to be sure that you can effort to lose if the things went south.
Saving up to invest in Bitcoin is a great idea.  And I am all for that.  And I can't agree that he should give his savings in his local currency if he is willing to invest that.  Because over time fiat currency loses its value due to inflation.
Same goes for keeping your money in bank. It gives you well less amount of profits/interest over time.  And the inflation can really hurt your overall saving.

[Ryu_Ar1]

It’s a great advantage that you are actually thinking to invest in bitcoin with your funds on hand. However, the fact that it’s highly volatile, then never invest all in, or never stick for bitcoin as your only investment. If you are aiming to make secured profits, invest also in other investments like real estate or stocks as they can also be profitable too if you know how these investments work.

wait, what you said in this case about real estate or stocks is indeed very good but back to the current context he OP is studying and he earns BDT 7000 / month or when we look at the current exchange rate of $65.22 / month and even then it must be deducted around BDT 6000 / $55 for OP's family needs and personal needs so that only about BDT 1000 in this case the rest he has.
Even though the advice you said is quite good, when it comes to Real Estate it is still very far in my opinion especially when we know that the conditions in being in Real Estate besides requiring a very large capital, it will also definitely take longer for the income results, not to mention the maintenance which makes this a little less appropriate.

I think there is no problem with what can be done first even though it is as you said that bitcoin fluctuates and there is no certain guarantee here, but on the other hand I think it is still very feasible if you really want to be in bitcoin.