Investing in Bitcoin in Student Life

[Minecache]

If people decide to leave the bank and focus 100% on cryptocurrencies, it will be worse for us, not as good a thing as you are imagining. Do you think the government will let crypto kill the bank? So far, they are not too strict with crypto, but if it becomes a real threat, they will destroy it, don't forget the government is still the one that controls this world.

Although the bank is going through a period that is not worth our trust, we are still depending on and using it. How would you invest in bitcoin if you didn't have a bank account or fiat currency?

I think that is a dream and that's not going to happen and we are not going to end up with anything like this. I understand that it is not going to be something we could see in the future, and we can't really just leave banks suddenly whenever we want, that's not how it works at all and we should be all working towards something else. What is that? We need to achieve something that is a bit more towards what we can do with realistic situation and that would be a lot better.

I understand that there is a situation where bitcoin and banks co-exist together and that's what we can do, that's the future we should be aiming at, because that's realistic. Imagine something like banks accepting bitcoin? That would be the ideal world that we could reach probably.

coexistence between banks and cryptocurrencies is possible but not crypto replacing banks, maybe that is a goal that will be very difficult to achieve and from the government's point of view, it may be difficult to replace banks. but by coexisting doesn't the government have advantages from tax revenues, on the other hand as an alternative means of payment can't it make it easier for people to transact, that's if we look at it from the positive side of cryptocurrency

That is what we are aiming for and will certainly achieve. Getting rid of banks is an impossible task, and the government can't get rid of bitcoin entirely, and it's not in their favor. That is why we have also seen some governments gradually open up to bitcoin and accept it along with some regulation.

Honestly, we propagate bitcoin against the bank, it will replace the bank, that is only making the distance and hatred between the two heavier. I don't see any benefit for us users when the two are against each other, whereas we just need to harmonize the two.

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[Crptomagma]

Good move you have done well but then you shouldn't put all your eggs in one basket try and have savings so you will be more balanced and relaxed. Then concerning those Bitcoin analysts don't put all your hope in them reasons been that they are just stating hypothesis which in research hypothesis can be positive or negative.

[Synchronice]

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.

To be honest, it's better to invest in bitcoin than becoming a student if your goal is a financial success. There are people who want to dedicate their life to science, medicine, physics, engineering, if you are that type of person, 100% go with it but if you are a person who chooses profession to earn money, then programming is the best solution out there, it doesn't need to go to the university, you can learn it online from your home, anytime you wish.

[Rockstarguy]

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.

The value of money always depreciate and leaving money in the bank for a longtime  is not the best. Amount of money stored in the bank won't be the same in the next two years , it will definitely lose value .

It is a better Idea you are investing in Bitcoin  than leaving your money in the bank, because by the time you will want to use the money  you will find out that their won't be good value of it and it will be as if it was a wasted time keeping it in the bank.
 Hodling bitcoin for a longtime is always profitable and their is no regret about it. I love your courage and your believe in bitcoin,  just keep Hodling and the time is coming when you will make good profit in Hodling.

[squadus2]

It is a good time to own bitcoin because of its rarity. As more people adopt the usage of bitcoin and actually spend it for daily necessities then we will definitely see its price increase over time. Perhaps the best way to make use of bitcoin is to utilize the bitcoin blockchain API to make truly great e-commerce stores and mobile apps that are accepted universally.

BTC is a currency that will outlive the rise and fall of the dollar as it inflates to trillions and beyond.

[Finestream]

Using part of your pocket money to invest in Bitcoin is good but you don't know what's waiting for you after a while, been a student plus an investor is not so easy, if you are not one of those students that finds means of making extra income you shouldn't invest in Bitcoin, because even if you do this and you have no other source of income, your investment plan won't last, hunger and needs won't make you remember that you want to become a millionaire with crypto. Crypto investments are best for those who have a job or good business that's fetching them good income.

Even he doesn't have a savings account, I think it's more important than an investment for a student.  what he needs to focus on now is learning, not investing. Moreover, everything has two sides, the investment can bring him a large amount of money if it succeeds, but on the contrary, it will distract him from his studies.  if the market crashes suddenly like FTX did last year, he will probably panic and affect his studies.

That is the reason why even a student needs to invest an amount that he can afford to lose, otherwise he will be very emotional and gets highly affected when he loses his investment. And worst is, his studies will also be greatly affected. However, if he can manage well his emotions, I guess he’ll be a good and successful investor in the long run. Regardless of him being just a student, if he can successfully deal with the market’s volatility, then it’s possible to see his investment turns into a success.

[freedomgo]

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.

Its a good mindset that you want to invest and grow your money while you’re still young. That is your edge compared to other students who know nothing on how to grow their savings if they also have. However, know that any investment is never easy to succeed and make it profitable. You have to work hard for it and gain more knowledge and experience as well so you can succeed on your chosen investment. Especially for bitcoin, the risk is high because of its volatile market. But if you know how to handle the market’s volatility, without compromising your studies, I guess that will give you an advantage on making bitcoin as your side hustle aside from your studies.

[dunfida]

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.

Its a good mindset that you want to invest and grow your money while you’re still young. That is your edge compared to other students who know nothing on how to grow their savings if they also have. However, know that any investment is never easy to succeed and make it profitable. You have to work hard for it and gain more knowledge and experience as well so you can succeed on your chosen investment. Especially for bitcoin, the risk is high because of its volatile market. But if you know how to handle the market’s volatility, without compromising your studies, I guess that will give you an advantage on making bitcoin as your side hustle aside from your studies.

You would really be having the edge compared into those students or young minds who would really be just thinking about those leisure times and not really thinking up for their future.Well, we do take studies to
finish up a degree but nothing beats out if you do make out some side income or trying to make out some financial achievement which it could potentially be giving out that kind of benefit on the time comes.
Just like been said by most people on here on which saving up money and making out investment when you are still student is really challenging since we know that we arent that still financially capable
on that time on which we would really be that depending into our parents when getting some funds, unless if you do have some side business or source like online jobs or whatever dealing
you are into, then you could really be having the chance to invest or deal up with Bitcoin not only just you dive in because of its earning opportunity but also you do see its importance
when it comes into its actual utility.

[Davidjame]

I wonder that as a student, is investment in Bitcoin not stressful?

If it is stressful, a student should not make that investment because learning is more important. If your brain is in stress, you can not learn well.

[Popkon6]

It is very challenging for a student to save money as a student in your case. We are all dependent on parents when we are students but you have spent that time tuition on one of the best sites to invest in bitcoins. This goal of yours will definitely be fulfilled as investing in the current challenging season will definitely make the portfolio bigger. Never be disappointed Investing requires patience You must exercise patience. As a student you have to invest a small amount of money which you can lose but if you are patient you can reap dividends from here. But will continue to study and will spend some time here as well.

[Etranger]

I wonder that as a student, is investment in Bitcoin not stressful?

If it is stressful, a student should not make that investment because learning is more important. If your brain is in stress, you can not learn well.

You can be stressed regardlessly of being a student. Moreover, it is definitely not only investing in crypto what makes people feel stress. If you follow this logic, then in principle you should not engage in investments, as this will always be a cause for stress, because you risk your own (at best) or even other people's money. After the student period, people feel no less, or even more stress, but at the same time, for some reason, we do not discuss the fact that they should not be investing either, since they will not be able to work productively or engage in self-education. I don't see any reason why a student shouldn't invest. Students are the same as everyone else, this status is not a period with some peculiarities. If there is a desire, you can always find a way.

[JayJuanGee]

From the responses in the thread, we can see that it can be a bit difficult to speculate on some of the details of OP, beyond what s/he has already told us, and I don't have any problems with the idea of investing into bitcoin while a student and even using a seemingly pretty damned low amount that might not even be enough to make any kind of major and meaningful difference when it adds up to even a bit less than $10 per month - but at the same time, it is a good way to both practice and to learn about a topic in which you are interested, since many of us longer term bitcoin investors likely realize that we are able to pay much more attention to bitcoin and to even learn about bitcoin when we are taking a stake into it by regularly investing into it.

Many of the posters here are correct in terms of the fact that students do not tend to have a lot of extra money to invest into anything, and so we likely need to take OP's word (and representation) regarding how much s/he believes to be a prudent and reasonable amount to invest into bitcoin based on current cashflow that accounts for expenses.

For sure, I was not sure of OP's expectation that BTC may well reach $100k by 2025, and surely none of us know, even though we likely realize that $100k seems to be fairly easily within expectations, but at the same time, many of us will come to differing conclusions in regards to how we plan to manage our BTC stash  in the coming couple of years, even if we may well be expecting the BTC price to have good chances of quadrupling in that time... and some of us have gone through much greater BTC prices rises than 4x and we still hang onto our coins and we may well have continued to accumulate during decently high rises in BTC prices.

On a personal level, I don't tend to recommend selling any BTC until reaching high levels of accumulation, and I also tend to believe that it takes a decently long time to build any investment portfolio, and it can be quite problematic to be attempting to trade swings within various cycles that any asset class might have, including if we might presume that BTC might be OPs only investment between now and 2025... BTC and his local currency (or perhaps dollars or some other form of fiat-pegged currency(ies)?)

Also, I have no problem to NOT diversify and ONLY focus on one (Bitcoin in this case) (or perhaps more than one) investment asset during the period in which a person is first building his/her investment portfolio, and really I cannot be sure about how much income OP might be expecting to get, but for me, it can be difficult to imagine how to measure exactly would be a meaningful size for an investment portfolio without having some kind of an idea regarding the size of OP's expected post graduation income, and I doubt that any of us need to know the size of the income, but frequently we still might well be able to measure if the size of our investment portfolio might start to be getting large if we can measure it in terms of how much we believe that it will cost us to live each year (which sometimes can be partially reflected in the size of an expected annual income).  So in that regard, if any of us is starting to get our investment portfolio up to the size of one year's income, then we are likely starting to get to meaningful amounts, and if we start to get to the size of 20x to 30x the size of our expected annual income (or how much we believe that we need to live comfortably), then we are starting to get to entry-level fuck you status...


....and surely if we are young, then we likely want to continue to earn income because we might not feel comfortable retiring when we have to be able to live off of our investment portfolio, but surely a person who might expect to potentially have to live off of their investment portfolio for 20-30 years, then they may well feel o.k. with going into fuck you status with 20x to 30x their expected annual income size into an investment portfolio and then expect to draw around 4% per year from their investment portfolio and expect their investment portfolio to continue to grow by at least 4% per year.. and that may all work as long as inflation stays under control... which surely we know that inflation varies from country to country, but inflation also varies depending on what is going on in the world at the time that we might be considering going into some kind of a status in which we are expecting to live off of the mostly passive income of our investment portfolio.

[armanda90]

Seems difficult for student investing in Bitcoin because they not over 18 years old above and need document ID required for KYC with all exchange for saving Bitcoin at the future, despite as student not all have good financial and get under $2 from their parent seems bit little for investing in Bitcoin. Not any place can buy or transaction bitcoin with small fund looking on Bitcoin fees sending above $5 and they need invest above $100 in bitcoin for fees recovering.

But depend on each personal, some student have good investment soul and they will purchase their pocket money for saving in one place but when understand about bitcoin price progress up every year will make them interested for investing in bitcoin. Need finding local exchange for student how deposit their money without required KYC because in my country Indonesia under 18 years old they not have ID card and student ID not available for local exchange KYC.

[benalexis12]

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.

1000 BDT is equivalent to 9.5$ That means you can only invest into Bitcoin every 2 month due to the minimum deposit is at least 10$ and more. That is better than keeping it in the bank, at least with bitcoin we know it has been tested and proven to be good for long term holdings. And that's good if you start right away so you have savings in the future for sure.
DCA every 2 months you do this or you can do it monthly, just make a way for the 0.5$ that is missing to be at least 10$, and the good thing about that is that while you are studying, when the time comes when you graduate, you will have savings even though how to say

[BTCBroker2016]

I started investing just after I got realy good job. Think it's much more sustainable. And now having a good portfolio on Ownr wallet after all

[Etranger]

I started investing just after I got realy good job. Think it's much more sustainable. And now having a good portfolio on Ownr wallet after all

If you have a good portfolio, I would recommend to use some more safe wallet. I do not think that hot wallets are suitable for long-term storage and are safe.

[ilovealtcoins]

It is very challenging for a student to save money as a student in your case. We are all dependent on parents when we are students but you have spent that time tuition on one of the best sites to invest in bitcoins. This goal of yours will definitely be fulfilled as investing in the current challenging season will definitely make the portfolio bigger. Never be disappointed Investing requires patience You must exercise patience. As a student you have to invest a small amount of money which you can lose but if you are patient you can reap dividends from here. But will continue to study and will spend some time here as well.

He does not depend on his parents, on the contrary, he earns his own money and helps his family, which is a very admirable thing as a student. He makes me feel ashamed when I remember that I used a lot of my parents' money as a student. Although investing in bitcoin is risky, I support his investment, and if he is lucky, he will have a considerable amount of money to take care of after graduation.

[Gladitorcomeback]

I wonder that as a student, is investment in Bitcoin not stressful?

If it is stressful, a student should not make that investment because learning is more important. If your brain is in stress, you can not learn well.

I quite agree with you that the most important thing for a student is education, because if the student's attention is drawn to the other side, it is likely to affect education.

I think if any other field is learned along with education then it can play a role of great financial support for the students in future. If anyone can invest in Bitcoin from a young age, It's not necessary for them to invest a lot of money at once in Bitcoin. The money saved from their expenses can be a great experience for them in the future if they invest in Bitcoin. While other businesses may be stressful for students, investing in Bitcoin will not cause any stress for them, because Bitcoin investment is like take it and forget it

[AicecreaME]

I started here when I was still a student, and I learned so many things.

One is that, school won't teach you how money would work for you, but instead they will teach you how to work for money. Bitcoin helps me a lot, like being independent even though I was still a student back then, it cured me from the stress I was getting to get a diploma, so I dropped out and focus on cryptocurrency instead. I'm not suggesting you to dropped out, since we have different stories when it comes to academics.

It's just I get tired on socializing with people that requires too much on academics while they are not even teaching anything at all, if you know what I mean.

[Hamza2424]

Also, I have no problem to NOT diversify and ONLY focus on one (Bitcoin in this case) (or perhaps more than one) investment asset during the period in which a person is first building his/her investment portfolio, and really I cannot be sure about how much income OP might be expecting to get, but for me, it can be difficult to imagine how to measure exactly would be a meaningful size for an investment portfolio without having some kind of an idea regarding the size of OP's expected post graduation income, and I doubt that any of us need to know the size of the income, but frequently we still might well be able to measure if the size of our investment portfolio might start to be getting large if we can measure it in terms of how much we believe that it will cost us to live each year (which sometimes can be partially reflected in the size of an expected annual income).  So in that regard, if any of us is starting to get our investment portfolio up to the size of one year's income, then we are likely starting to get to meaningful amounts, and if we start to get to the size of 20x to 30x the size of our expected annual income (or how much we believe that we need to live comfortably), then we are starting to get to entry-level fuck you status...

Hmm, Diversification is not a big problem if the investors know what he is really doing, even sometimes diversification of the investment portfolio helps to control the TVL in Invetsemnt +Bonus it controls your stress level (How? it think most of us know about it). My graduation is almost going to be completed in the coming years same days. I am trying to stabilize my own expenses somehow and after a few months I've started building my investment portfolio my aim is clear in my eyes. My belief is the First breakthrough in the trapped financial cycle is hard next to it we can go easy.

One year of total income investment seems very tough but I think Rather than investing 1 year of total income to build an investment portfolio we can start making investments with smaller amounts it will take around 3 to 4 years to build the same investment portfolio, during this timeline, you can prepare yourself for the next cycle by learning and improving skills in the market.

As JJG you said before my retirement I want a satisfying lifestyle for me and my family which needs some important financial decisions, Because I don't believe in savings I think Investment amounts are actually real savings for the future. Whatever we'll store now is not gonna worth anything in the future.

It all depends on How eeficently you can plan. -HAmza