Investing in Bitcoin in Student Life

[Ryu_Ar1]

I think in student life investing in Bitcoin can be a risky proposition, but it can also be a potentially rewarding one. If you are considering investing in Bitcoin as a student, be sure to do your research and understand the risks involved. And only invest money you can afford to lose. Because Bitcoin is a high-risk investment, so you should only invest money that you can afford to lose. If you lose all of your Bitcoin investment, it shouldn't put you in financial hardship.

Actually for this matter, I think it doesn't matter whether you are a working person, old or still a child in student age when talking about Investment of course all must know the risk because it can be said as a basic capital so that we find out more about how this investment works.
This is not to be specialised to students only because all are like that. When we try to invest especially it is bitcoin, the most appropriate thing is to know the risks and what must be prepared starting from capital and asking yourself whether the investment we are running is purely of our own free will or indeed following others.
Even though things like this are basic but it is something important because with it we can have more responsibility for what we do especially this deals with the finances we have.

Investing in bitcoin is risky but when we know what we have to do and have a strategy that we think is best I think we will not lose that easily. it's just that many of us do fail but it's not the fault of bitcoin but we ourselves are sometimes wrong in steps that make us actually get losses such as selling when we are in a loss due to panic or sometimes have more thoughts just because they want something instant which in the end the path that has been very good in bitcoin has gradually changed direction to something that is not clear because they want something faster even though it is misleading.

[1714841148]

1714841148

[imamusma]

Investing in bitcoin is risky but when we know what we have to do and have a strategy that we think is best I think we will not lose that easily.

Investing in bitcoin basically won't make you lose forever, I mean you just have to wait for the price to recover while holding your bitcoin. Your Bitcoin will not be lost as long as you are able to secure your wallet properly and you never sell it on a decline, that means you never lose even if the value has dropped.

it's just that many of us do fail but it's not the fault of bitcoin but we ourselves are sometimes wrong in steps that make us actually get losses such as selling when we are in a loss due to panic or sometimes have more thoughts just because they want something instant which in the end the path that has been very good in bitcoin has gradually changed direction to something that is not clear because they want something faster even though it is misleading.

Whether or not an investor loses depends on the knowledge, experience and what strategy they apply. If investors are able to hold onto bitcoin during a downturn and wait for a recovery, then surely they will get a return. Even those who buy on ATH still have a chance to recover their investment budget, but they have to be patient and accumulate bitcoins to speed up recovery.

Investors will lose money if they sell bitcoin on the downturn, but if they are able to survive and hold on to bitcoin long term I believe they have nothing to lose. The real loss is when they fail to take advantage of opportunities, the rest is up to other cases.

[Raflesia]

I think investing in Bitcoin is very beneficial in student life. Because the importance of Bitcoin is essential to keep pace with today's world. If you have something left over from your student income after spending the household, or trying to save it, it is possible to become very financially independent by investing in Bitcoin. I invested some money in Bitcoin a few days ago and made some profit from it. I am very satisfied with that. I earned 40 dollar per month, from that I spent 20 dollar in household and invested 20 dollar in Bitcoin. I have benefited a lot from it. This achievement is very big for me in my student life.

Bro are you serious? I'm not trying to patronise you on investment here but $40 per month and $20 for investment and $20 for family needs. Is that really enough?
I think this is too much, although indeed bitcoin has a decent place for investment but when looking at the financial division that you do indirectly it makes you divide 50/50 in all your income and I think it's not very ethical. at least think about your family in a month $20 is in my opinion too small.

Bitcoin is indeed very good to be used as an investment material but there is no need to sacrifice other things and I still feel that if indeed it is your entire income for one month then it is better to use it for daily needs first until you get more money because this is an investment not for the betting arena by putting half of what you have in finances for one month.

$20/month for a family's needs is too little, with that amount not even enough for a week if he lives in my country. But we don't know which country he is from and if that money is enough to support his family because looking at an income of $40/month is also very low for an ordinary worker. But I think he also carefully calculated before deducting 50% of his monthly salary to invest in bitcoin because there is no man who would leave his wife and children hungry and take money to invest.

But there is another risk that I see in his financial plan that there is no savings. He should set aside $20 for his family, $10 to invest in bitcoin, and the remaining $10 to save for emergencies. Not having any savings for life is too risky.

The cost of living in a country is obviously different but this in this case makes it seem as if 50% for living costs in the sense of clothing, food and other unexpected needs and allocating another 50% to invest in bitcoin still I feel unbalanced.
It would be great to do with more, but again there are several other things that must be considered and of course for the case that @MarlinEli said is family.
I'm not against anyone being in bitcoin because it's a good choice but I mean in this case try to be a little more realistic because looking at the conditions it's possible that $20 is enough for him and his family for 1 month but there must be other conditions where there are several things that need to be considered such as unexpected needs for the month or maybe other urgent needs.
Imagine if that $20 is for one month's living expenses including unexpected needs, electricity and Internet costs is it really enough even maybe in a low country it might not be enough to eat.

I think investing in Bitcoin is very beneficial in student life. Because the importance of Bitcoin is essential to keep pace with today's world. If you have something left over from your student income after spending the household, or trying to save it, it is possible to become very financially independent by investing in Bitcoin. I invested some money in Bitcoin a few days ago and made some profit from it. I am very satisfied with that. I earned 40 dollar per month, from that I spent 20 dollar in household and invested 20 dollar in Bitcoin. I have benefited a lot from it. This achievement is very big for me in my student life.

Bro are you serious? I'm not trying to patronise you on investment here but $40 per month and $20 for investment and $20 for family needs. Is that really enough?
I think this is too much, although indeed bitcoin has a decent place for investment but when looking at the financial division that you do indirectly it makes you divide 50/50 in all your income and I think it's not very ethical. at least think about your family in a month $20 is in my opinion too small.

Bitcoin is indeed very good to be used as an investment material but there is no need to sacrifice other things and I still feel that if indeed it is your entire income for one month then it is better to use it for daily needs first until you get more money because this is an investment not for the betting arena by putting half of what you have in finances for one month.

Surely everyone's situation is going to be different, but I agree with the general idea that it may well take quite a bit of increase in income before most normal people are going to be able to get to such higher level of investments that allow 50% of their income to go into investments. 

But surely there may be guys/gals that ONLY have their own expenses to worry about and they are able to cut their expenses to minimum levels and perhaps without being leaches upon society. 

Usually there seems to be some kind of obligation to not be mooching off of others and making sure that you are sufficiently paying  your own fair share, but at the same time, there could be ways that guys/gals contribute to their families in non-financial ways, so they might reasonably consider themselves in a position in which they do not necessarily need to make family financial contributions.

But yeah, everyone should attempt to consider what are his fair monthly expenses for housing, food, utilities, transportation, entertainment, miscellaneous and even emergency expenses... and then whether his/her income is consistent or not, there would be some abilities to figure out how much is left, and frequently normal people may well have troubles saving anything, and they may well be doing quite well in their savings/investing if they are able to get over 10% and even better the higher percentage that they are able to put away.. so long as they do not overdo such matters, and they are able to sustain that they have not overly invested in such a way that they have not adequately accounted for their own expenses, including emergency expenses.

Maybe this still makes sense if the needs are only for themselves because it can still be suppressed especially it depends on the conditions of how we can make ourselves more economical in running life and investing with something higher as done with half of the income he has indeed it is valid but in other cases as you said also in this case can it really be consistent? because basically if you do half of the income for a month it might still be done for the first month but is the next month also the same.
Do not let when we invest in bitcoin we are burdened with the investment we do because we set too high in this case.
Reducing a little will certainly be much more worth it even though the return will also definitely be less but why do it with very many conditions but we become forced and burdened by it.

[Juse14]

So in this case those of us who have relatives or relatives who are still in college must support them to continue saving or investing in Bitcoin and also teach them about Bitcoin so that they are more confident and confident in the investments they are making.

Yes, that's true, this must continue to be echoed so that students and young people have an interest in investing, especially investing in bitcoin, which can be started by introducing it to friends, relatives and family.
Even though this investment does not guarantee us success, starting investing from a young age will increase the possibility of becoming someone who is successful. And it's true that support from the closest people is really needed, when someone who is just starting their investment and experiences a loss, most of these beginners will be easily mentally affected. If they are not supported and accompanied, what happens when they experience a loss stops immediately. Or they are beginners who just understand the world of investment when they find difficulties they tend to back down and decide to stop.

[bitLeap]

However, it is possible for older people to still invest in bitcoin but it depends on the purpose.
Some people (especially young people) are definitely investing in bitcoin for their old age to make their lives more secure, some others are investing in bitcoin for the future of their young children, and it is also possible for people to invest in bitcoin with the aim of passing it on to their heirs.
Yes I understand when talking about the needs they will spend while they can no longer work. But on the other hand we know that most bitcoin investors are entrepreneurs who ensure that they will get income even if they just sit idle, in short the money works for them.
Including myself, if I can and am able I have a desire to give my inheritance one of them in the form of bitcoin. Of course it will be a long process to realize it all, including I have to educate my family (children especially) about bitcoin, so that they are not confused later what they should do with the bitcoin they have from inheritance.

Of course people can choose whatever goals that they want, and even if they do not reach something like "fuck you status," a long term investment into bitcoin is still likely to give a lot more options rather than not having had invested into bitcoin or perhaps investing into some inferior fiat-based investment that ends up not necessarily appreciating in value or perhaps even losing value in comparison to the cost of living.

So the general idea of fuck you status is to try to bring yourself (and perhaps your family) to a status of income (or investment and/or income off of the investment) in which you can stop working and to still be able to sustain your standard of living, and to the extent to which you consider paying for the education of your kids as being part of what "you need to do," then that is your choice... there can be ways that you establish your budget, including considering a variety of expenses that you have to help you to determine how much wealth (or size of an investment portfolio) that you believe that you need in order that you may well be able to stop working and to allow the income from your investment portfolio to be enough to support the standard of living that you are accustomed to or that you determine would be sufficient in order to make you feel content with your status of your life and your decisions to stop having to work for a living (besides perhaps jobs that are completely - or mostly - at your discretion) rather than being a kind of grind on yourself.

I go over quite a few of these ideas of fuck you status in my thread that attempts to cover my various ideas related to investing.

That's the point, being in bitcoin will be far better than not being in bitcoin and that is something that seems real for now.
The classification you are talking about in this case may be more directed to something else when it is really sure of the investment made but indeed many do that even though it doesn't really make sense to me because even in this case investment is better but giving up work too early is actually a little problematic, even if it gets more profit than what we did with the previous investment still as long as it can still work I think why should it be released. At least for me personally, this kind of thing makes me a little arrogant, although it does go back to each perspective and the initial context in "all choices are in your hands".
btw thanks for your encouragement to provide a good thread and I will read it, I have read it but not everything and maybe there are some things that I will learn. One thing I applaud in your thread. CONSISTENCY

[red4slash]

There are several other conditions to be considered in this regard.
Indeed, there will be nothing that decreases with confidence if we were previously confident in bitcoin, but on the other hand in this case we also have to see which countries are indeed said.
Seeing from the OP's tweet at the beginning it was the Bangladesh area. AFAIK currently Bangladesh is still a little closed to bitcoin even though it will not discourage some people who are sure about bitcoin there, but on the other hand there are some things that can endanger themselves especially in conditions of violation because bitcoin is still something taboo and when there is not careful in bitcoin it could make them violate and get sanctions when caught.
This should be another consideration even though of course being in bitcoin even though it is with finances that are sometimes not too big but it can still be said to be quite good when it is consistent to do DCA I think it will be a little better but vigilance means that it must really be maintained because you don't want those of you who are in countries that are still not too friendly with bitcoin to experience something unwanted just because you are in bitcoin.

Lots of factors would affect out if ever you would tend to achieve or attain something.Just like on this situation on which there's prohibition or something negative
against Bitcoin or crypto but as a citizen or been living on that place, you do still made out a choice for you to engage into it which it is really just that right that you should
really be careful on dealing with it or else you do know on what are the possible consequences that you might really be ending up if you wouldnt really be that careful.

Investing when you are still a student is really that a huge challenge for you to do so. It isnt really just talking about regulation matters but also on the capability for you
on doing so and since we dont really have that income then we would really be that totally be dependent with our allowance and this is why we would really be that
have the limitation on what we could really be able to do on this time.

The choice is of course there as long as it does not make you a criminal then it can still be done, it's just that maybe in this case when you are too visible then the risk will be greater.
When talking about students and investing, actually things like this refer to where you live, how you live and whether you live.
To invest in bitcoin anyone can do it regardless of race, gender ethnicity or even age strata. But sometimes other factors such as what country you live in and how you live are another story. Many students are still supported by their families starting from daily needs, eating and other needs all from parents, but not a few also when low economic factors make this a little different because children are required themselves to improve themselves by becoming makeshift students.
things like this become a reference because not all can invest here but that doesn't mean it can't be done by all students especially with their critical thinking I think that age is indeed very good for starting investments.
Sometimes the difference in fate becomes a real benchmark in this case but if there are students who impose their will by being in bitcoin investment with all its limitations, of course it deserves thumbs up.

[PX-Z]

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

That's risky as hell. You will be labeled as criminal, will stop going to school, and will live in prison for years once you get caught.

But as long as you are doing it with precautions, i don't know what is it though since it will be limited on where you reside then you're good. Just don't assume investment is more like green movement because you will be disappointed.

[armanda90]

I have part time job as teacher and try give educate for my children about Bitcoin or cryptocurrency investment although my subject as English teacher, I think is important how to give education for children exactly with bitcoin as investment assets in the future and they have understand both side from bitcoin investment between profit or loss. Some my student interested to know about bitcoin but some of them faced difficult with capital due coming from not rich family, but I have push them never give up with financial condition because investing in Bitcoin could start with lower amount. 

I am lucky in my country although Bitcoin have been legal although as investment assets only, I can manage well teach my student how understand well with bitcoin as investment assets in the future.

[Lorence.xD]

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

That's risky as hell. You will be labeled as criminal, will stop going to school, and will live in prison for years once you get caught.

But as long as you are doing it with precautions, i don't know what is it though since it will be limited on where you reside then you're good. Just don't assume investment is more like green movement because you will be disappointed.

Exactly, bro risking his education if he get caught plus labeled as using crypto. I don't think it's advisable to use crypto in a country where it's banned. But what can I say, we people always find way to achieve what we really want despite of the regulations. But bro for me it would be stressful as I think of not getting caught plus investing is stressful as hell maybe my mental health won't last long. Just don't tell nobody even your friend, words can be easily spread plus the snitch.

[Marvell1]

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

That's risky as hell. You will be labeled as criminal, will stop going to school, and will live in prison for years once you get caught.

But as long as you are doing it with precautions, i don't know what is it though since it will be limited on where you reside then you're good. Just don't assume investment is more like green movement because you will be disappointed.

Exactly, bro risking his education if he get caught plus labeled as using crypto. I don't think it's advisable to use crypto in a country where it's banned. But what can I say, we people always find way to achieve what we really want despite of the regulations. But bro for me it would be stressful as I think of not getting caught plus investing is stressful as hell maybe my mental health won't last long. Just don't tell nobody even your friend, words can be easily spread plus the snitch.

I have the opposite view of you, we should not let government be a barrier to our future. I know breaking the law and violating the state's regulations is not advisable because it is very risky. But bitcoin is not something as harmful as drugs or terrorism, they ban it just because they fear it, not because it endangers people. I am a law-abiding person, but in this case, I will not listen to them.
The government won't be responsible for our future, so we shouldn't do everything they say, we should choose what's best for us. OP's government bans bitcoin, but it doesn't mean they will ban it forever, so as long as OP is quietly investing, nothing serious will happen.

[southerngentuk]

The decision to invest in bitcoin or any other altcoin really depends on how passive and risky each investor wants to be. DCA can be a reasonable strategy for the small investor because it helps to spread the risk and avoid buying at high prices or selling at low prices based on market volatility.

When investing in altcoins, especially shitcoins, you need to be more careful. It can offer short-term profits with very high risk, but it also has the potential to lose your entire investment in a short time.

With the stability of bitcoin lower than other currencies, however, it still has value and profitability in the long run. The assessment of the risks and benefits of investing in bitcoin is based on each person's financial situation and investment goals.

[PX-Z]

I have the opposite view of you, we should not let government be a barrier to our future. I know breaking the law and violating the state's regulations is not advisable because it is very risky. But bitcoin is not something as harmful as drugs or terrorism, they ban it just because they fear it, not because it endangers people. I am a law-abiding person, but in this case, I will not listen to them.
The government won't be responsible for our future, so we shouldn't do everything they say, we should choose what's best for us. OP's government bans bitcoin, but it doesn't mean they will ban it forever, so as long as OP is quietly investing, nothing serious will happen.

Regardless of what your explanation regarding how good bitcoin is and how good the technology behind it, it doesn't change the fact that it's too risky, of having it on a non-bitcoin friendly country. It's always easier said than done. I awe how brave OP is but just like said, always do it in very cautious and secured way to not get detected of the authorities.

[Litzki1990]

I have part time job as teacher and try give educate for my children about Bitcoin or cryptocurrency investment although my subject as English teacher, I think is important how to give education for children exactly with bitcoin as investment assets in the future and they have understand both side from bitcoin investment between profit or loss. Some my student interested to know about bitcoin but some of them faced difficult with capital due coming from not rich family, but I have push them never give up with financial condition because investing in Bitcoin could start with lower amount. 

I am lucky in my country although Bitcoin have been legal although as investment assets only, I can manage well teach my student how understand well with bitcoin as investment assets in the future.

As an English teacher, you should only teach your students as much as they need to, and teaching them beyond that may affect their major. 

English is a very important subject and while teaching this subject, if you discuss other topics with your students, it can have a bad effect on their understanding or learning the main topic. Since you have enough knowledge about Bitcoin, if a student expresses interest in learning about Bitcoin outside of class, you can give them information about Bitcoin, but I don't think there is any need to teach them in class.

[omgitsmehehe]

The decision to invest in bitcoin or any other altcoin really depends on how passive and risky each investor wants to be. DCA can be a reasonable strategy for the small investor because it helps to spread the risk and avoid buying at high prices or selling at low prices based on market volatility.

When investing in altcoins, especially shitcoins, you need to be more careful. It can offer short-term profits with very high risk, but it also has the potential to lose your entire investment in a short time.

With the stability of bitcoin lower than other currencies, however, it still has value and profitability in the long run. The assessment of the risks and benefits of investing in bitcoin is based on each person's financial situation and investment goals.

Both short and long trading, it all depends on what we plan to achieve in the market. Bitcoin's stability is determined by market seasons, either bear or bull. Bitcoin investment is prominent, yet it does favor those who have a long-term project in bitcoin. We should be aware that bitcoin is not comparable other projects on the market, such as altcoins, which frequently pump and dump, and all of this can happen within a week. Bitcoin is my ultimate market target, and I'm continually monitoring bitcoin charts, looking for excellent entrances to trigger my spot trading.

[cryptodude]

Investing in Bitcoin can be a huge possibility during student life. That requires a student to prioritize financial stability first. If he has money to invest after covering all his necessary expenses then he can definitely invest. But before investing, one must acquire full knowledge about Bitcoin.

[Marvell1]

I have the opposite view of you, we should not let government be a barrier to our future. I know breaking the law and violating the state's regulations is not advisable because it is very risky. But bitcoin is not something as harmful as drugs or terrorism, they ban it just because they fear it, not because it endangers people. I am a law-abiding person, but in this case, I will not listen to them.
The government won't be responsible for our future, so we shouldn't do everything they say, we should choose what's best for us. OP's government bans bitcoin, but it doesn't mean they will ban it forever, so as long as OP is quietly investing, nothing serious will happen.

Regardless of what your explanation regarding how good bitcoin is and how good the technology behind it, it doesn't change the fact that it's too risky, of having it on a non-bitcoin friendly country. It's always easier said than done. I awe how brave OP is but just like said, always do it in very cautious and secured way to not get detected of the authorities.

I'm not saying that investing in bitcoin in a banned country is without risk, but there is always a way to get around it, and that's not a big deal, IMO. When I first started investing in bitcoin, my country also banned bitcoin, but I never had a problem during that time. Now they lifted the ban after many years of embargo, and if I had followed them, I wouldn't be where I am today.

As I said, bitcoin is not a dangerous thing like drugs or terrorism, their ban is temporary, and we can keep investing in silence until they change the ban. If we obediently listen to them, we will miss out on a lot of things.

[Blitzboy]

However, it is possible for older people to still invest in bitcoin but it depends on the purpose.
Some people (especially young people) are definitely investing in bitcoin for their old age to make their lives more secure, some others are investing in bitcoin for the future of their young children, and it is also possible for people to invest in bitcoin with the aim of passing it on to their heirs.
Yes I understand when talking about the needs they will spend while they can no longer work. But on the other hand we know that most bitcoin investors are entrepreneurs who ensure that they will get income even if they just sit idle, in short the money works for them.
Including myself, if I can and am able I have a desire to give my inheritance one of them in the form of bitcoin. Of course it will be a long process to realize it all, including I have to educate my family (children especially) about bitcoin, so that they are not confused later what they should do with the bitcoin they have from inheritance.

Of course people can choose whatever goals that they want, and even if they do not reach something like "fuck you status," a long term investment into bitcoin is still likely to give a lot more options rather than not having had invested into bitcoin or perhaps investing into some inferior fiat-based investment that ends up not necessarily appreciating in value or perhaps even losing value in comparison to the cost of living.

So the general idea of fuck you status is to try to bring yourself (and perhaps your family) to a status of income (or investment and/or income off of the investment) in which you can stop working and to still be able to sustain your standard of living, and to the extent to which you consider paying for the education of your kids as being part of what "you need to do," then that is your choice... there can be ways that you establish your budget, including considering a variety of expenses that you have to help you to determine how much wealth (or size of an investment portfolio) that you believe that you need in order that you may well be able to stop working and to allow the income from your investment portfolio to be enough to support the standard of living that you are accustomed to or that you determine would be sufficient in order to make you feel content with your status of your life and your decisions to stop having to work for a living (besides perhaps jobs that are completely - or mostly - at your discretion) rather than being a kind of grind on yourself.

I go over quite a few of these ideas of fuck you status in my thread that attempts to cover my various ideas related to investing.

That's the point, being in bitcoin will be far better than not being in bitcoin and that is something that seems real for now.
The classification you are talking about in this case may be more directed to something else when it is really sure of the investment made but indeed many do that even though it doesn't really make sense to me because even in this case investment is better but giving up work too early is actually a little problematic, even if it gets more profit than what we did with the previous investment still as long as it can still work I think why should it be released. At least for me personally, this kind of thing makes me a little arrogant, although it does go back to each perspective and the initial context in "all choices are in your hands".
btw thanks for your encouragement to provide a good thread and I will read it, I have read it but not everything and maybe there are some things that I will learn. One thing I applaud in your thread. CONSISTENCY

Bitcoin has survived in the ever-changing crypto ecosystem. Its like the seasoned sports player who mentors the novices (meme currencies and altcoins).

True about not working long enough. Crypto investing is thrilling, but dont put all your eggs in one basket. Putting too much reliance in volatile crypto markets can stress you out.

You're cocky, which is OK. We have many ways to get around here. You should be pleased of reading and learning in this fast-changing industry. Consistency matters. It steers us through crypto trading's harsh seas

[JayJuanGee]

True about not working long enough. Crypto investing is thrilling, but dont put all your eggs in one basket. Putting too much reliance in volatile crypto markets can stress you out.

There is no need to diversify within crypto... Bitcoin is the leading coin, and really the ONLY one with value.. so if there is some kind of need to diversify, or "not put all of your eggs in one basket," then it may well be o.k. to put value into a variety of other sectors, which might be property, equities (stocks), forms of cash/bonds, commodities (such as gold).. yet again, in these kinds of cases in which someone is ONLY investing $10 per month into bitcoin or even ONLY $100 per month, it may take a pretty long time before they are even into a position in which there is even any need to diversify... Let's say for example someone has a salary that is $40k per year, and they are investing $100 per week, after a year, they will have ONLY reached around 10% or perhaps 20% of their annual income into their investment, and surely at that point, maybe they might start to consider diversifying.. but I hardly think that it pays to diversify until you reach a certain threshold of investment portfolio size.. so some people might need $50k or so before they are starting to feel that they have too many eggs in one basket, and others might start to feel that way around $5k.. .. so there would be some individual variance, but if you are not a very rich person (such as you are poor) and you do not have very much experience investing, you do really help your situation by losing focus and diversifying for the mere sake of diversification.. that would be referred to as deworsification, not diversification.

So if we are a newbie to investing, and we have determined that bitcoin is a good investment, then we may well spend 4-10 years or longer just building our bitcoin investment and maybe the ONLY other asset that we have is cash.. and so we are balancing our cash and our bitcoin, and then after we get our bitcoin stash to a certain size then maybe sometime down the road we might want to take some out and put it into equities (stock), property, commodities.. but not necessarily any kind of need to fuck around with shitcoins.. unless there is something that might become apparent in terms of adding some value that might not be completely depending upon what is happening with bitcoin for its value.. and sure there could be some industries that might have some fundamental value that are in the altcoin/shitcoin space or somehow related to bitcoin and bitcoin development rather than directly buying bitcoin.

We have many ways to get around here. You should be pleased of reading and learning in this fast-changing industry. Consistency matters. It steers us through crypto trading's harsh seas

Fuck shitcoins... and the various distractions regarding whatever is meant by "crypto trading harsh seas" because there is really no need to trade.. but instead build a build a bitcoin position by buying (and holding) and it might take several years.. maybe even more than 10 years before starting to really feel comfortable and like a decent amount of value has been built and wealth creation has taken place.. and perhaps some of the wealth creation had come through BTC price appreciation that may well come through the years, even if there might be ups and downs along the way.. there seems to be hardly any reason to fuck around with trying to trade the various ups and downs along the way. instead of just consistently stacking, and generally it is not a good idea to try to get more bitcoin by selling.. rather than by ongoingly employing a variety of buying techniques such as lump sum buying, DCA and buying on dips.

[Furious 7]

Wait, I may not know the conditions there but looking at the current index when you search on search engines the average salary in Egypt is more than $200 for a month

1. Salary range
The average salary in Egypt ranges from 2,330 EGP per month (USD 77) to 41,100 EGP (USD 1,355) per month - with 2,330 EGP being the lowest average salary and 41,100 EGP being the maximum salary (the maximum salary is actually higher).

2. Median salary in Egypt
The median salary in Egypt is 7,840 EGP per month (USD 258).

What is the median salary?
The median salary represents the middle salary value.

In simpler words, half of the Egyptian population earns less than the median salary (USD 258), and the other half earns more than USD 258 per month.

There are also some ranges that are at $77 but when looking at the overall average salary there it can still be said to be good.
Although it is possible that what you said could be true because I don't really know the conditions there but I think $40 a month is still rather small.

Back to the context if the starting salary is $40 a month and allocating half of it to bitcoin I think it's not a matter of dedication or not but it's a little outrageous because you might sacrifice your daily needs and family just to be in bitcoin.
Even if bitcoin is a good place to be still family comes first and you can't put your family aside especially with half your monthly earnings in bitcoin.

From what I have heard from locals there is a situation in Egypt which is very common when real salary, especially in the service sector almost entirely dependent on tips. And not everyone manages to get to a place where tips will be given rather generously, so the real salary comes down to 1-2 dollars a day. Perhaps now these numbers have changed a little due to inflation, but this is what it was several years ago. In such conditions, not only to invest, but even to survive is extremely difficult. But I believe that if even in such a difficult situation a person is looking for ways to change his life for the better, while choosing different ways, including investing in cryptocurrency, then this deserves great respect. And perhaps now he is sacrificing a higher welfare, but he is aimed at living much better in the future and breaking out of such conditions. And investing can help him with this, but living paycheck to paycheck can't.

Actually for this matter I can't argue anything because when I searched for some news related to this matter I didn't find anything other than the salary and monthly income that I have stated before and as for real life I am really blind because I don't really know about the conditions there and I also don't have friends or anything so I will still only focus on the data that I got before as a source of reference.
Because if I guessed it would also be very difficult for me because saying their income for tips like that I don't have any reference from it.

On the other hand, maybe investing is a very good thing but when looking at what you said by having a salary from tips of $1 or $2 I personally feel that there should be other considerations before investing.
Investment is something good but family and life needs must still be considered, it would be great if they take the time to set aside and invest but don't push it too much if we can't do it.

There are also some ranges that are at $77 but when looking at the overall average salary there it can still be said to be good.
Although it is possible that what you said could be true because I don't really know the conditions there but I think $40 a month is still rather small.

Back to the context if the starting salary is $40 a month and allocating half of it to bitcoin I think it's not a matter of dedication or not but it's a little outrageous because you might sacrifice your daily needs and family just to be in bitcoin.
Even if bitcoin is a good place to be still family comes first and you can't put your family aside especially with half your monthly earnings in bitcoin.

The problem is we can't sacrifice other needs for the family and force investment in bitcoin with an opinion of $ 40 per month, this is outrageous and I think it's impossible to do. But when that amount of income can be allocated to invest in bitcoin and having other sources of income for daily needs is not a problem and I'm sure the case may be different. Someone has the right to say that the portion of the investment they make is in accordance with their income, but it must be appropriate and more rational for themselves. They definitely have their own format in investing and when interest and trust has grown there is a way for them to get involved in investing.

That's the point, but indeed in this case there are several other considerations where maybe the level of need is cheaper (depending on the area you live in) and you still have time to set aside a little of the remaining money from a month's needs to survive, but forcing yourself to invest half of it is too difficult .
At least he must be aware that in this case investing also requires perseverance and consistency, maybe for this month he can use that much money but in the following months can he still be consistent? it's better to reduce a little in terms of numbers so you don't feel burdened with existing investments.