I am 19 years old boy living in South korea. Please give me an advice

[DeathAngel]

You are very young OP so my advice is just continue in school, study & make yourself a career. You should definitely buy bitcoin now & whenever you are able to. You’re still early enough to make a massive difference to your life but it’s a long road. You will not become rich overnight with bitcoin now, it’s going to take years of dollar cost averaging in. Definitely buy now & every time you have money though, it will be a good start. When you have a full time job you can buy every month & set yourself up for a great retirement nest egg.

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[Gaza13]

You are not too late to buy Bitcoin, you are one of the lucky ones, because Bitcoin is currently entering a bearish phase, Current prices are quite expensive compared to several years ago. Even though you are still relatively young, there is no harm in investing now and you will enjoy the results when you have a family in the future. Set aside half of the $100 you received from your father, then buy it every month or what we know as the Dca technique. A little advice for you when storing your bitcoins is to put them on hardware such as Trezor or Legder, not on an exchange.

[kingvirtus09]

You know if it doesn't affect your studies; continue with what you plan to do. When you started that, you even beat me by chance, to be honest. I am not able to spend $100 every month to buy Bitcoin or other cryptocurrency, but you are blessed but not lucky.

But if it interferes with your studies, I don't think that's good, and if your parents find out about it, they might have a negative view of Bitcoin or cryptocurrency.

[Yogee]

[....]
100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

How about you use your father's credit card to buy bitcoin instead? hehe.

Do you have some savings set aside? I'm not familiar with the culture there but you probably have a few years left to pursue a degree in college and you are already at the age where you're legal to work. He can decide to cut you off any time now.

My personal take here is to save that $100 and try to earn on your own with some side hustles. Use whatever you receive there to buy BTC.

[philipma1957]

Time is on your side. You should find a cash number you can save. 10 a month 25 a month 50 a month 100 month. You get the idea.

Say it is 100 a month save some in BTC save some in cash.  50-50 works. or 60-40 works.

never never never spend the saved btc. You are saving that cash if you have to spend spend that.

Revisit you BTC savings at 24 then 29 then 34.  If BTC does not fail you should have really good money by 34.

[Finestream]

Before you decide to invest in bitcoin, make sure that you are completely aware on the risks on bitcoin investment. Do not assume that bitcoin will make all investors profitable in the end, it actually depends on how you understand your investment and how you react in every market volatility. If you are weak and would easily be affected with consistent price drops, then never rush into bitcoin investment. You need to understand first that bitcoin can never guarantee consistent profits. In fact, a lot of new investors end up quitting because they can’t afford to see their own investment depreciating in value when all their hard-earned money are put into it.

Now, that you know already that bitcoin is a high risk asset, it’s up to you if you will still take the risk or not. But as a piece of advice, only invest on a minimal amount as beginners are more susceptible to losses. And never invest for short term because you are eager to reap quick profits. Instead, go for long term investment and hold your coins patiently until you find time to sell and make significant profits. And with your $100 monthly, no need to put all that amount. Follow the DCA method, and buy bitcoin when you know the price is lower than its original price.

[jcojci]

Let's say that $100 is free money you don't use for anything. You can invest as much as $30-$50 or even more in bitcoin every month. Or you can use $20 to invest in bitcoin every week. And this will be $80 every month. But the amount of money may be different from the reality you face, so you know the real situation better.

[Jawhead999]

Even $100 is your free money and your daily expense are covered by your father, but can you afford to lose your $100 for every month? You might think it's impossible you will lose by invest in Bitcoin, but there's always a possibility especially you're buy during bull run. The key of invest in Bitcoin is holding, as long as you not sell your coins, it's just an "unrealized lose" and you have an opportunity to earn during bull run.

[Wend]

Please give me an advice to be successful Bitcoin investor in the future.

It is true that we are still in the early stages of the bitcoin revolution, it is still very early for us to participate. But bitcoin is not a get-rich-quick investment or where you will make huge profits in a few months. I just want to advise you that you can invest in bitcoin but first you need to have knowledge, you should not only think about profits and ignore the risks you face. Knowledge will be what helps you understand everything about bitcoin, and there is a lot of knowledge on the internet, you can easily find it.

[demonica]

My advice is to study about it first before investing your money. Even if we say that it's your own money and you can do whatever you want, you wouldn't want to risk it on something you're unfamiliar with. You're still young and still have plenty of time so there's no need to rush investing in Bitcoin or any crypto related investment. It would be best to explore and learn basic knowledge about Bitcoin and its risks so you could have an idea of the possibilities you'll get with your investment. Also, I suggest not to invest that $100 in one go. You can start by using a smaller amount since it's your first time and you're still exploring. The more you get used or knowledgeable with Bitcoin, then you can slowly increase your investment.
And if you're looking for ways to get to know more about Bitcoin, you can find it here in the forum. So good luck on your journey!

[WillyAp]

So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

Read the Whitepaper https://www.bitcoin.com/satoshi-archive/whitepaper/
Crypto and trading are not synonimous. Crypto or especially bitcoin is an alternative to the tedious bank transfer.  P2P a peer to peer network making away of the middleman. So Binance,  Coinbase and all the other exchanges are not really crypto. 

[Rruchi man]

I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.

You have the privilege of having a father that financially still provides assistance to you, it is good that you already plan on investing it in bitcoins. Before that privilege elapses, you would have already been able to accumulate enough bitcoins by DCAing.

Please give me an advice to be successful Bitcoin investor in the future.

You are young and will face many distractions. There will be the distraction to party with friends, spend on girls, spend on yourself and others, you must make a budget for that so that that lifestyle does not affect your investing and accumulation of bitcoins.

[Blitzboy]

It's critical to realize that investing involves emotions as much as math, especially when it comes to assets like Bitcoin. You're right: Bitcoin has increased significantly since it started. To be successful in the future, that's not enough on its own. One has to look deeper and deeper into what's really going on

It is crucial to learn about the blockchain technology that powers Bitcoin. However, comprehending how people behave, how the market feels, and how international financial regulations impact cryptocurrency is just as important. It doesn't mean it will rise again just because it did in the past. Also, $100 may not seem like much, but it's your money, and every bit counts. Think about spreading your money around, learning about different assets, and maybe even asking experienced buyers for help. Remember, an investment is as much about strategy as it is about the asset

[Gozie51]

Can we know your living conditions in South Korea? Because depending on where you're in the country, the expenses will be different and if you're in Seoul, you're going to need all the money you've got and those that's sent to you because Seoul is one of the most expensive city in the world. Check your expenses and try to maintain a 1 week routine and see if there's any money left before the next aid comes, if you're struggling to make ends meet at that 1 week routine, you probably need to focus on daily expenses first before investing in bitcoin. This advice is purely my opinion so take it with a grain of salt.

100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

Anyway if the $100 you receive from your dad is regarded as stipend for you to use for anything personal to you and the needs that your dad never knew of and you won't account for it, you can invest it in bitcoin. It will be a right time for you to buy bitcoin, I mean some fraction of Satoshi amounting to $90-100 to hodl for the next one year in December next year so you can do a check of how much it has increased and if you want to continue hodling based on ATH.

Don't trade it but only hodl in your personal wallet. If you trade it you may lose all at once.

Since you receive such amount every month, you can invest each month for three times till ending of December. DCA with your earning and with the next bull run you will be glad you have utilize your stipend in a worthy investment.

[Hamza2424]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

Hmm, Buddy most welcome here, First of all try focus on covering all the basic and fundermentals about the crpto amrket and Bitcoin especially, You've said so that you are a bit confused in the adotpion timeline so here I can assure its never atleast in the currecnt time line. Scince 2009 to 2023 Bitcoin has gone through many stages and many narrtives some were promoting and some were demoting it.

As of now, around 5% to 6% of the global population recognizes Bitcoin directly. For the majority who are yet to dive in, it's important to note that it's not too late to start accumulating Bitcoin. To embark on this journey, begin by thoroughly studying Bitcoin and fostering a strong understanding of its dynamics. Consider exploring discussions on Dollar Cost Averaging (DCA) and accumulation strategies, either through the available search function or independent research.

DCA can be an effective strategy to start your Bitcoin accumulation with a structured approach. To be a good Bitcoiner, you need to bea good Hodler, consistent. _Hamza2424_.

Things to keep in mind before accumulation of Bitcoin

DCA vs Zone Specific Strategies While Accumulation of Bitcoins
Buy the DIP, and HODL!
HODL is purely a mental challenge

[livingfree]

It's always the same words that we hear from someone who's new to Bitcoin. All of thoughts are like that all you guys think that it was too late for you to invest to Bitcoin.

Just look, you've said that you've seen Bitcoin during its peak but look at the price now. It's half way from the peak price you've seen it. So do you think that it's too late?

No. Buy when you're comfortable and if you have money ready to invest but it is never too late to buy Bitcoin. Do not wait for another peak price before you push yourself into buying it.

[Sexylizzy2813]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

$100 is your monthly allowance and you're very lucky to be having such coming from your dad. I'd say you allow that $100 to multiple to maybe $500-$1000, you can save up to that amount since is been given to you without working hard for it and you also have that determination of buying BTC.
Before that, do you have any experience in whatever you planning on doing?
Because you can't start up something you have no idea about, forget the fact that you saw Bitcoin on YouTube, you have to do more research on it or probably get someone as a mentor to guide you, if not you'd be on the losing end (that's if you go solo on this investment plan of yours).

[Obari]

I’m not trying to talk you down but I also want you to understand that nothing is guaranteed in the cryptocurrency industry not even bitcoin and since $100 is all you already have, you should focus more on studying and continuous learning and since you’re already in the forum, I would want to say a big welcome to you and also let you know that, you can get all the necessary informations you so desire from the forum and there are also a lot of advantages and privileges attached to the forum and all you simply need to do is focus and keep learning for now.

I didn’t personally want to advise you on any investment especially in cryptocurrency because it is already very risky and it is always advisable to only invest what you’re willing to lose.

[LogitechMouse]

After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused.

The term "late" and "early" are kind of subjective, and not applicable to all especially for you.

You said that you're 19 years old currently. Just calculating, you were born in 2004. Bitcoin was created in 2008, and you said the year 2009. Nevertheless, at 5 years old, do you think you already have everything that you need to invest? At 5 years old, is your brain thinking that you need to invest already? No. What you think at that time is playing, studying, playing, studying, and never investing, so don't say that you're late because by the time Bitcoin was created, you aren't ready at first place to invest into it.

I just started investing... or I should say holding Bitcoin in 2017. Can I consider myself late then because I didn't see Bitcoin's price reaching $100, or $500, or even $1000? No because I don't even know anything about investing at that time. That's why the term late and early in crypto is subjective because of different factors. I don't consider myself late in investing into Bitcoin even though it has been existing for around 8-9 years at that time when I was starting. Being late or early don't matter. What matters is if you start investing or not consistently.

I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.

You want to be a successful Bitcoin investor? You have 2 choices, but it all depends on you.
First, be a trader. High risk, high reward. More profit for you in a short amount of time. Second, be an investor/holder. Low risk, low reward. This is more applicable for you TBH because you said you're only 19 right. The time horizon for you is very long. You can buy, and sell Bitcoin for decades, and can earn enough for you. Anyway, do some research first before investing, so you will not be overwhelmed.

[taufik123]

$100 is enough to do DCA every month if you get it regularly.
But about the video you watched it still seems misleading, like Michle Saylor who had too high expectations.
I hope young people like you should have more critical thinking.
Watch a variety of videos so that you can conclude whether now is a good opportunity to buy.

From the initial video you watched showing the price of $60k, now of course it has dropped by half and is a good opportunity to start buying and collecting Bitcoin.
But if you realize when the price is below $20k you will be more lucky.

Have you ever had a discussion with someone else or your own father about investing in Bitcoin?
Because you as a young 19-year-old need some investment guidance that really leads to the right investment.

Bitcoin is the right investment to build your portfolio from now on, learn more, and make gradual purchases if you can afford to do so.