Investing in Bitcoin in Student Life

[Accardo]

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 guess that it will be difficult for you to buy bitcoin even if you have money. Personally I won't take a risk on buying small amount of bitcoin if it is banned on my country unless the government is not actively seeking offenders and of course has an alternative way that you cannot be exposed on buying bitcoin or crypto. Buying bitcoin as a student is I believe a good move instead of putting it into banks, you should deep dive into learning how bitcoin economy works, I'm sure that you will be encourage more but don't rely on speculations that it will be a $100k in 2025. It's still a wild speculation but we never know when bull run arrives.

To think is to act, obviously it's what the OP thinks about and it'll be difficult for him not to take the risks involved. This will facilitate his learning process and keep him atop of his peers or competitors in future. He sounds like a bright student and may have other strategies to backup his well thought out decision, if the government interfere in his bitcoin investment. The amount may not be seen as a barrier, he is far ahead of people who doesn't own a single sat. He invests on Bitcoin. And may experience the Bitcoin at 100k speculation even if it's not 2025. I agree with you that his decision at this stage is a creative one, if he is determinative on a different stage before he graduates.

[MusaMohamed]

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

NonKYC decentralized exchanges are created to serve people who don't like KYC, who can not trade normally where Bitcoin is illegal.

You can buy and sell Bitcoin with those exchanges and with your cash: https://kycnot.me/?cash=on

Because you are student, money is precious for you. Don't trade big when you don't have enough experience with Peer to Peer trade. Trade small to understand it and don't chase too good offers which can be from scammers.

Buying bitcoin as a student is I believe a good move instead of putting it into banks, you should deep dive into learning how bitcoin economy works, I'm sure that you will be encourage more but don't rely on speculations that it will be a $100k in 2025. It's still a wild speculation but we never know when bull run arrives.

It is a creative idea to prepare for wealth after graduation but don't tell to other students that you are investing in Bitcoin. Do it quietly and keep you safe from risk. Students are not matured enough and they can do something immoral like stealing your coins.

He sounds like a bright student and may have other strategies to backup his well thought out decision, if the government interfere in his bitcoin investment.

Trade peer to peer on non KYC decentralized exchange and store your bitcoin in non custodial wallet, government can not get access to your bitcoin.

As a student, he can use Electrum wallet. It's free and can be used for computer, mobile. He will not have to spend his tuition fee to buy a wallet.
[GUIDE] How to Safely Download and Verify Electrum
A beginners guide to the Electrum Bitcoin wallet

He invests on Bitcoin. And may experience the Bitcoin at 100k speculation even if it's not 2025.

If he can hold his bitcoin, don't trade on centralized exchanges, he will have opportunity to experience a big bull run of Bitcoin in 2024 and 2025.

If he trades on centralized exchanges, there are many traps to catch him like Margin trading, Futures trading and altcoins.

[Minhxx]

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.

Bitcoin can reach 100k $ that is the future, maybe 10 years maybe 1 year. Please allocate your capital properly so as not to affect your life. Maybe 2030 ..... bitcoin will reach 100k $

[ItsCrafty]

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.
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 we say that if something is important in digital trading or if you want to trade in digital currency, then surely Bitcoin is a very good platform. If we have any savings, bank balances, or capital kept safe,  it has no value unless it is used or invested somewhere. Because the value of capital decreases over time due to overall inflation and other economic factors. In terms of legal value, not all but a few countries are still pushing to make it legal in their country. But I believe that if you learn and use it properly, you can really get enough out of it to cover all your educational expenses. But before that, focus on competing in your studies.

[Lanatsa]

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.

Bitcoin can reach 100k $ that is the future, maybe 10 years maybe 1 year. Please allocate your capital properly so as not to affect your life. Maybe 2030 ..... bitcoin will reach 100k $

Better not to give out any assurances or numbers on someone who trying to learnt up things or to those newbies so that it wont really be giving out that kind of assumption which might lead into disappointment
considering that this market isnt always talking about price increase or pumps. This is why its better to give him at least the idea or information about on how volatile or risky this market is which it is really indeed that very true that its unpredictable and not something that could be known.

Investing when you are still student is really that hard considering that we are really that still relying or depending in our parents when it comes to money or funds then it would really be a huge challenge for you to invest into something if you dont have that income source or simply you are really just depending on your allowance but it doesnt mean that you cant really invest on small amounts
which there are really indeed various ways if you wanted into.

[mendace]

If we say that if something is important in digital trading or if you want to trade in digital currency, then surely Bitcoin is a very good platform. If we have any savings, bank balances, or capital kept safe,  it has no value unless it is used or invested somewhere. Because the value of capital decreases over time due to overall inflation and other economic factors. In terms of legal value, not all but a few countries are still pushing to make it legal in their country. But I believe that if you learn and use it properly, you can really get enough out of it to cover all your educational expenses. But before that, focus on competing in your studies.

Did I really read that Bitcoin is a platform?  Either you made a typing error here or you still need to figure out what it is.  Bitcoin is a protocol or a set of rules that allow the entire system to transact without an intermediary.  In essence, Bitcoin is a peer-to-peer payment system totally distributed among the nodes that validate the transactions written in the block chain.  I reminded you roughly but Bitcoin is not a platform.

[awik p]

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 guess that it will be difficult for you to buy bitcoin even if you have money. Personally I won't take a risk on buying small amount of bitcoin if it is banned on my country unless the government is not actively seeking offenders and of course has an alternative way that you cannot be exposed on buying bitcoin or crypto. Buying bitcoin as a student is I believe a good move instead of putting it into banks, you should deep dive into learning how bitcoin economy works, I'm sure that you will be encourage more but don't rely on speculations that it will be a $100k in 2025. It's still a wild speculation but we never know when bull run arrives.

To think is to act, obviously it's what the OP thinks about and it'll be difficult for him not to take the risks involved. This will facilitate his learning process and keep him atop of his peers or competitors in future. He sounds like a bright student and may have other strategies to backup his well thought out decision, if the government interfere in his bitcoin investment. The amount may not be seen as a barrier, he is far ahead of people who doesn't own a single sat. He invests on Bitcoin. And may experience the Bitcoin at 100k speculation even if it's not 2025. I agree with you that his decision at this stage is a creative one, if he is determinative on a different stage before he graduates.

the main step in investing in bitcoin is to understand it so that you can invest comfortably, after understanding it, we can anticipate the possibilities that occur after saving bitcoins. especially for students who have bitcoins, they are not only part of technological developments, but can also be a guarantee of welfare for their future. whatever the money, of course it will be more useful in the future than keeping it in a bank, because inflation will continue to move, so that the value of fiat currency seems to decrease

[Popkon6]

I think the OP has shown a lot of wisdom here. It sounds like a good student to invest in a platform as transparent as Bitcoin in student life. This education on Bitcoin will also affect other students and thus bear the risk of Bitcoin. If the price of Bitcoin touches 100 in 2025, the year after Bitcoin Halving in 2024, then surely OP's investment will be successful because he will have a huge wealth, especially if unique people will pay attention to his activity. Here a lot of knowledge is gained from the learning process and later on the experience will turn.

[JayJuanGee]

I think the OP has shown a lot of wisdom here. It sounds like a good student to invest in a platform as transparent as Bitcoin in student life. This education on Bitcoin will also affect other students and thus bear the risk of Bitcoin. If the price of Bitcoin touches 100 in 2025, the year after Bitcoin Halving in 2024, then surely OP's investment will be successful because he will have a huge wealth, especially if unique people will pay attention to his activity. Here a lot of knowledge is gained from the learning process and later on the experience will turn.

You make hardly any sense.

OP seems to have taken a relatively small investment into bitcoin that barely rises to the level of $10 per month, and even if it might be a lot of money for him, it is likely NOT going to make any major changes in the world or in his life to have employed an investment strategy into bitcoin that is pretty damned small relatively speaking.

However, at the same time, each of us needs to attempt to figure out ways in which we likely are able to learn about bitcoin in order to invest as aggressively as we are able to under our own particular circumstances, without overdoing our investment in such a way that we end up recking ourselves because we did not adequately look out for our own expenses - including emergency expenses that might come along.

For sure, any student might not be in a position to greatly increase his/her monthly cashflow until after graduation, but it still seems like a good idea to get started in bitcoin sooner rather than later.. in order to potentially be in a better place to know about bitcoin through the years and to be able to know where to put extra money - and there may well even be some desire for students that the BTC price is able to stay lower for a longer period in order that they can continue to invest into it (stack sats) and to build their position prior to any price rise - even though surely bitcoin is on it's own timeline, so whether or not there are additional opportunities to buy bitcoin at these price levels is going to have to wait to see if it plays out -

...and surely supra $100k prices causes BTC prices for buying (and accumulating) be 3x higher, even if we might well be able to see bitcoin at $1 million or higher in 4-10 years, while at the same time, there likely a lot of low coiner or no coiners or even earlier BTC investors who might be recognizing that they want to increase their salaries in order that they are able to stack more and more sats at these price levels so that they would be able to feel that they were able to profit from the higher price rises that might come down the road... and even a college student now might expect a 30-40 year investment timeline, but may well consider that bitcoin might be able to reduce their investment timeline down by half or more if they were able to figure out ways to get cash and to front load their BTC investment without going so berserk as to end up screwing their own selves out of their coins when they might not be able to hang onto their coins for longer periods while the value appreciation of bitcoin may well be compounding and folding upon itself in the coming longer timeframe (whether that might be 4-10 years, 15 to 20 years or even a fuller/traditional investment timeline of 30-40 years).

[Sinzu_]

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.

Truth be told, Bitcoin is illegal in a lot of countries but trust me the same people that made it illegal are still siphoning money through bitcoin. It's simply difficult to trace your transaction. I think the other question to this is "is it too late to invest in bitcoin?".. Bitcoin already is a good investment for early investors. I can't say for those wanting to go into the market today

[JayJuanGee]

Truth be told, Bitcoin is illegal in a lot of countries but trust me the same people that made it illegal are still siphoning money through bitcoin. It's simply difficult to trace your transaction. I think the other question to this is "is it too late to invest in bitcoin?".. Bitcoin already is a good investment for early investors. I can't say for those wanting to go into the market today

Bitcoin is designed to pump forever, so it is never too late to get started into bitcoin, as long as your investment time horizon is 4-10 years or longer...and even though your returns are likely not going to be as great as those who got started in bitcoin earlier.. so the earlier that you start the better.. since there is a kind of proverb about time in the market is better than timing the market.. especially if you have determined that bitcoin is an investible asset (with perhaps a decently strong investment thesis).

So if you are at or near zero (a low coiner or a no coiner) in terms of your BTC holdings, for your own good, you better get the fuck off of zero.    

 

If you are not sure how much BTC to buy or how to start, then just start slowly (at the beginning as they say in the wizard of oz) and do what you can to both build up your BTC position and to reach whatever target level that you are aiming for.. and furthermore, if you are not convinced that bitcoin is a good investment now, as compared with historically, you are likely going to need to continue to engage in learning practices, while you are building your position, so if you end up starting with a target that is more on the whiimpy side of the 1% to 25% initial starting range, after a while investing and continuing to study the bitcoin matter, then you will likely be better able to hone and/or tailorize your own approach to your own circumstances.. but starting off whimpy is better than not starting.. while you attempt to learn along the way, too.

[2Pizza410000BTC]

1. Where are you going to sell your bitcoins, if it is illegal in your country.
2. How do you declare the proceeds of your trades for tax purposes?

1. Bitcoin is illegal in my country but exchange like kucoin Binance is available. P2p trading can be done through kucoin or Binance. I can sell bitcoins by p2p trading.
2. Bitcoin is illegal in my country so we don't have to pay exta tax

If you sell your bitcoins through P2P trading through Binance, Kucoin etc exchanges, you cannot avoid privacy. As I am also a citizen of Bangladesh, I will give you a cautionary suggestion, you should change your personal numbers from time to time. You should not make repeated transactions on a personal number or you may be arrested by the police. Since Nagad and Bikash are opened with your personal number, if you make repeated transactions from Binance and Kucoin, a list of your transactions may be confiscated from any department of the government and you may be brought in a police case. That's why you should do careful transactions and sometimes you can use agent number instead of your personal number.

[rby]

Op, I applaud you because it takes determination to be able to invest in bitcoin even when it is illegal in your country. If you can open some conversation with your fellow students, you may be surprised that they already know other ways to earn bitcoin. You have to earn well before you can invest something substantial that will bring huge profit in the future. No matter how unfriendly it might sound, $10 worth of investment monthly might not make a big difference.

According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

Don't take this prediction to heart. Many of this type of prediction failed in the past, it will likely fail again. It is correct that bitcoin will reach 100k and even exceed but we actually don't know when it will be.

[RewFrew]

1. Where are you going to sell your bitcoins, if it is illegal in your country.
2. How do you declare the proceeds of your trades for tax purposes?

1. Bitcoin is illegal in my country but exchange like kucoin Binance is available. P2p trading can be done through kucoin or Binance. I can sell bitcoins by p2p trading.
2. Bitcoin is illegal in my country so we don't have to pay exta tax

If you sell your bitcoins through P2P trading through Binance, Kucoin etc exchanges, you cannot avoid privacy. As I am also a citizen of Bangladesh, I will give you a cautionary suggestion, you should change your personal numbers from time to time. You should not make repeated transactions on a personal number or you may be arrested by the police. Since Nagad and Bikash are opened with your personal number, if you make repeated transactions from Binance and Kucoin, a list of your transactions may be confiscated from any department of the government and you may be brought in a police case. That's why you should do careful transactions and sometimes you can use agent number instead of your personal number.

You told appropriate. I am agree with you. As Bitcoin and all cryptocurrency are not legal in Bangladesh. So we have to very carefull to trade in binance and others exchanger where p2p trading. When we creating a trajection on Binance, kucoin etc exchanger then ultimately we are caughting by legal agency. They are able to tracking by our contract number. Which we are giving as payment method. We are giving bKash or nagad number for receing payment. For this payment method we are tracking by legal agencies. So i thin we have to more careful about it.

[Renampun]

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 your country bans bitcoin, but the world doesn't ban bitcoin, you can still comfortably store bitcoin safely and securely in your personal wallet. in my country investment in bitcoin and altcoins is increasing rapidly even many young investors are switching to cryptocurrencies. nothing can stop people from investing in bitcoin because indeed bitcoin is a much more profitable investment than investing in a bank. maybe the fear that bitcoin will die in the future will still exist but believe me as long as there are still some people buying bitcoin, then bitcoin will not die.

[AnonBitCoiner]

Your hard work will soon give you comfortable life but if you choose bitcoin for investment then i hope you will have complete knowledge about it. Bitcoin is beneficial asset but for those who work and take each and every step Wisely.

Whether you are using little or more amount but you save your money and initiate the way of success through bitcoin is appreciable and I hope you will make good profit through bitcoin investment. You will achieve huge profit in coming year if you have still bitcoin in your wallet because the price will go more and more up.

[bhadz]

Whether you are using little or more amount but you save your money and initiate the way of success through bitcoin is appreciable and I hope you will make good profit through bitcoin investment. You will achieve huge profit in coming year if you have still bitcoin in your wallet because the price will go more and more up.

The practice that he's doing for being consistent will help him reach that goal of being successful as a bitcoin investor. Tons of stories have been there that proves DCA is the key and it's not regarding the status of the person who does it. Whether you're a student or an employed or unemployed person but with savings, it's always worth it for those who are trying and risking it. But those that don't, they may have no loss at all but for sure, they also have no gain.

[MiF]

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.

Well it is very clear that investing in bitcoin with patience has a big profit than depositing in bank,it is because bank is only offer a very small interest while in bitcoin of you have patience and you can wait for the next bull season it is very sure that you can gain a big profit many people become rich in it because of their patience.

[Ryu_Ar1]

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.

Truth be told, Bitcoin is illegal in a lot of countries but trust me the same people that made it illegal are still siphoning money through bitcoin. It's simply difficult to trace your transaction. I think the other question to this is "is it too late to invest in bitcoin?".. Bitcoin already is a good investment for early investors. I can't say for those wanting to go into the market today

It's never too late in this case, even though we will find a lot of drama like some fud or whatever it is that makes bitcoin corrected but when talking about late or not I don't think there will be anything like that.
The progress of bitcoin over the past decade has been quite good and of course by looking at progress like this alone we can know that in the future this will also still be very good.
Although again when there is some news about legality in a country that is still always one of the things that matter to the panic of some people about bitcoin correction or even crash but I am sure when talking about the longer term it will not be too influential and this is a choice whether we are ready to go through such a process or not.
As long as we can enjoy the process then believe me I think it will be fine and will actually be profitable.

[salad daging]

It's never too late in this case, even though we will find a lot of drama like some fud or whatever it is that makes bitcoin corrected but when talking about late or not I don't think there will be anything like that.
The progress of bitcoin over the past decade has been quite good and of course by looking at progress like this alone we can know that in the future this will also still be very good.
Although again when there is some news about legality in a country that is still always one of the things that matter to the panic of some people about bitcoin correction or even crash but I am sure when talking about the longer term it will not be too influential and this is a choice whether we are ready to go through such a process or not.
As long as we can enjoy the process then believe me I think it will be fine and will actually be profitable.

Even if the price of bitcoin is 100K it is never too late especially for the long term I think there will be many people investing at the price of 100K if the price of bitcoin touches it, because bitcoin always has a recovery from each cycle.

Currently, bitcoin has been more than a decade what if bitcoin has reached 2 decades, maybe it will be a very rapid development in terms of its price, so it will not be surprising that future progress is very good for bitcoin, I'm just optimistic.

I think with any news it is accustomed to how we see news from all directions for bitcoin sometimes the price drops due to negative news with regardless of any legality in a country it will not change the price of bitcoin to zero, we must believe in what is planned for long-term investment never panic all that will surely pass, indeed as a strong winner in the process we will get better results.