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

[JoyMarsha]

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

If you can learn how to save your bitcoin on a crypto wallet address rather than an exchange, becoming a successful bitcoin investor is fairly simple. Second, you should not let FOMO get the better of you when you notice a rise in the price of bitcoin in order to be a successful bitcoin investor. Thirdly, a successful Bitcoin investor shouldn't reveal how much bitcoin he has to his friends to prevent unwarranted jealousy or criticism on his part. Fourth, a successful Bitcoin investor shouldn't invest in the expectation that he will become wealthy quickly.

[GbitG]

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

Investment advice in Bitcoin is valid and acceptable only in one case, and that too in terms of educational purposes. It is a gross legal violation under the finance disclaimer to give advice on investing in bitcoins to others. Even after a person knows that an investment in Bitcoin is based on volition, giving financial advice to someone or abusing it is a crime. So the meaning of the saying is that financial advice is correct when you mean it for educational purposes. Giving financial advice to someone is not a wise idea, in my opinion; it is a criminal act to financially abuse someone.

Invest only the amount you can afford to lose

In my opinion, the most authentic and appropriate advice for investing in Bitcoin is for educational purposes: "Invest as much as you can afford to lose". This is the advice that brings you to 80% safety. Because when you invest your extra money in addition to your needs, there will be no pressure on you or your mindset. And you will start seeing things on a wider scale. You will bring the points that are required for investment strategy based on your research, draw your investment amount based on your technical and fundamental analysis, take the first step, and be on the side again, waiting for the investment opportunity and getting entry-exit at the perfect time. And moreover, don't hurry for your investment profit because hurrying can always bring mistakes.

[uneng]

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

Analyze how much you are willing to risk through Bitcoin investment in a monthly basis. The market is very volatile and the future is unpredictable. Many enthusiasts believe we are going to see a bull run happening after next halving (2024), so the bull run must happen between 2024-2025. On the other hand, it's just a prediction and there are no guarantees it's going to happen for real! So you have to take some risks, and the consequences will be on your shoulders and nobody's else! Are you ready to take such responsability for your acts or will you blame it on others if something goes wrong?

Next, you need a safe device to store your coins. Since you earn 100$ monthly from your father it shouldn't be hard for you to acquire a ledger or trezor hardware wallet to self custody your BTCs. Do this as fast as possible and make sure your keys are safely stored as well.

Then be patient, keep feeding your wallet with more coins along the time and wait for the market to pump. There is no mistery on it. Good luck!

[The Cryptovator]

Based on your post, I assume you have been following Bitcoin for a long time. It doesn't matter where you live; you can invest in Bitcoin from anywhere in the world. The issue is your level of knowledge about Bitcoin. I believe it still isn't too late to invest in Bitcoin. You may start accumulating bitcoin with each dip. You can see in the chart that sometimes Bitcoin dumps hard; just consider it a dip and accumulate. Slowly grow your Bitcoin portfolio and wait for an ATH. So you will have a decent amount of money at the end of the day. Any cryptocurrency investment is highly risky. So invest something that you can afford to lose, and it shouldn't affect your life if you need to hold it for a long time.

[jeraldskie11]

It really depends on your patience. People likely want to trade than to invest because you can be profitable immediately if you have a good trading plan unlike investing it takes more time to become profitable. In terms of risk, I will go for investment since it has low risk  compared to trading that if ever you don't know what you're doing or being controlled by your emotion, could lead you to lose money. So since you're a beginner, I would recommend to invest only while learning how to trade.

[romero121]

It really depends on your patience. People likely want to trade than to invest because you can be profitable immediately if you have a good trading plan unlike investing it takes more time to become profitable. In terms of risk, I will go for investment since it has low risk  compared to trading that if ever you don't know what you're doing or being controlled by your emotion, could lead you to lose money. So since you're a beginner, I would recommend to invest only while learning how to trade.

When you're interested into know much about bitcoin, then it is good that you can hold majority of the fund for long term profit and spend little in experimenting and understand how trading works. Surely it helps with a better plan and let you understand better about trading and the possible chances of profit. Following the same you could prefer holding as well as trading based on your financial ability

[bettercrypto]

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.

Is the $100 your father sends you each month an allowance you require to support yourself while you are a student? Because if that's your allowance, how are you going to live when all of your money is going to Bitcoin purchases?

As long as they have some knowledge of the subject, anyone may invest in Bitcoin. If you're a beginner, it's best to merely concentrate on long-term investments rather than short-term ones. I'm merely advising you on that. Additionally, there's no need for you to rush.

[michellee]

If you still receive $100 from your father, you can use that $100 monthly to invest in Bitcoin. You don't need to work to have money because your father has provided it and you have to carry out your plan. You are lucky to have a father who gives you $100 a month so you can use it for the things you want.

So from $100, you can start buying Bitcoin at the market price. You can also buy Bitcoin when the price decreases so that you can get more Bitcoin. The important thing is that you can learn the DCA method well to know which one you want.

And it doesn't take long to be able to have a lot of Bitcoin because having $100 every month makes it easy for you to accumulate Bitcoin. Not many people can invest regularly with $100 monthly, so you have to value it well.

[bitzizzix]

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.

You are not too late because the future price of Bitcoin will be higher than its highest price, and what you have to learn is the risk you will face if it does not match your expectations. But if you are planning for the long term, this is a great option and you just need a lot of patience to do it.
My question is, do you get $100 every month from your father, is it only for personal needs or your pocket money for one month and outside of school needs or other needs.
And if the money is only for your needs, you should think carefully. And just a suggestion, you should only invest $50 every month and another $50 dollars for your necessities or drinks and snacks. And you are still in school, and of course you need money for school snacks and also a few dollars if you have other activities.
If you invest $50 every month regularly over the long term, you will have a lot of Bitcoin, and you can also increase your purchases when you have more money outside of the money dad gave you.
And you also have to be able to manage your money well so you can invest and buy what you want without having to make things difficult for yourself.

[Isuru_]

Hey there! It's awesome that you're interested in Bitcoin. It can be a great way to invest your money and build wealth over the long term. But it's important to remember that Bitcoin is a volatile asset, and its price can go up and down a lot.

Here are a few tips for being a successful Bitcoin investor:

* **Only invest what you can afford to lose.** Bitcoin is a risky investment, so don't put all your eggs in one basket.
* **Do your own research.** Don't just invest in Bitcoin because someone else tells you to. Understand the technology behind it, the risks involved, and your own investment goals.
* **Invest for the long term.** Bitcoin is not a get-rich-quick scheme. It's an investment that you should expect to hold for several years or even decades.
* **Don't panic sell.** When the price of Bitcoin drops, it can be tempting to sell out of fear of losing more money. But this is often the worst time to sell. Instead, try to stay calm and remember that Bitcoin has a history of recovering from price drops.

Here are a few additional tips that may be helpful for you as a young investor:

* **Start small.** You don't need to invest a lot of money to get started with Bitcoin. Even if you can only afford to invest $10 a month, that's a start.
* **Automate your investments.** Set up a recurring investment plan so that you automatically invest a certain amount of money into Bitcoin each month. This will help you to stick to your investment plan and build your Bitcoin holdings over time.

Use a reputable exchange.When you're ready to buy Bitcoin, choose a reputable exchange that has a good track record of security and customer service.

Investing in Bitcoin can be a great way to build wealth over the long term, but it's important to be aware of the risks involved. By following the tips above, you can increase your chances of success as a Bitcoin investor.

Good luck!

[MegameSama]

One of my regrets is that when I bought Bitcoin at $900 in 2013 or 2014, I forget exactly. now bitcoin price has touched $60k++. So the advice I can give you is to analyze Bitcoin prices, even if it's just basic, like BTC support and resistance, give it a time period of 1 week or whatever is convenient for you. determine your best support, then buy. or if you are lazy to do all that, just buy now, and hold for the long term.

[Z_MBFM]

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.

If you want to invest in Bitcoin then this is a very good plan because Bitcoin is constantly doing good things. and since Bitcoin has a supply era limitation, no new Bitcoins will be mined in the future.  So the possibility of Bitcoin price going down in the future is very low.  And if your father takes care of all the expenses of your family and all the $100 you get is sold then you can invest it in bitcoins it can give you a good profit.  And if you invest $100 per month then it will be a DCA STRATEGY.  So in this case your loss will be minimized and the risk will come down a lot. And I would advise you to hold bitcoins for the long term

It really depends on your patience. People likely want to trade than to invest because you can be profitable immediately if you have a good trading plan unlike investing it takes more time to become profitable. In terms of risk, I will go for investment since it has low risk  compared to trading that if ever you don't know what you're doing or being controlled by your emotion, could lead you to lose money. So since you're a beginner, I would recommend to invest only while learning how to trade.

When you're interested into know much about bitcoin, then it is good that you can hold majority of the fund for long term profit and spend little in experimenting and understand how trading works. Surely it helps with a better plan and let you understand better about trading and the possible chances of profit. Following the same you could prefer holding as well as trading based on your financial ability

Trading is very risky so since op is new to bitcoin he should not take risk at first. It will be very good for him if he buys bitcoin and holds it for long term. And since he gets a certain amount every month and he is going to invest every month, his investment will follow a good DCA and reduce his risk a lot.

[Kelward]

Now is not late to start investment in bitcoin, you just need to have an accurate knowledge of it. These knowledge will help to guide you in your decisions about putting your money into bitcoin. Example is that bitcoin is volatile, meaning that it's price fluctuates, so there's no 100% guarantee that the price will continue to rise to your expectations in the future. Although there's high probability that it's price will always increase, that is why you've been told to invest money that you can afford to loose, so you don't start to panic when you start to experience price dump.

Investment is a secondary need, so you have to first consider your income or allowance to carter for these basic needs first, like food, shelter and transportation before thinking of investment. Because it'll be a bad investment plan when you barely have enough to carter for these needs and you're talking of investing a part of it. The aftermath will be not meeting up with the payments, which will eventually make you to resort to borrowing and being a debtor. But if you can carter for these basic needs and still have money left, then investment in bitcoin is a good plan.

[YOSHIE]

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

OP, my understanding is that the comparison between the development of Bitcoin now and the development of Bitcoin four years ago is very far apart, Whether it's from the perspective of learning, trading, investing or even becoming an investor, for me now you will find extraordinary things about Bitcoin's future journey.

But if you have a desire to trade crypto, South Korea has an exchange that you can use as a crypto trading method, if you want to review it you can see it here: https://bitcointalk.org/index.php?topic=5079048.0

[leonair]

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.

If you want to invest in Bitcoin only because of watching some videos but I would suggest you to have a good idea about Bitcoin Secure Wallet before investing in Bitcoin, how to hold Bitcoin safely and its risks and whether you can afford to hold it for long term.  consider  Because you will lose the right time to trade without becoming an expert.  Trading is not an easy thing.  So it would be better for you to buy and hold Bitcoin and wait for the profit. Since you are new to Bitcoin, I don't think you will be able to do proper analysis on trading

[wallet4bitcoin]

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.

Split the allowances you get from you dad and buy bitcoin with a fraction of it but DCA while buying. Do not buy as one buying to resell but buy as one buying for 'store of value'.

The truth about it is, you might seem like you're not buying anything significant for now but keep at it. It will make you develop a lifestyle of investment and still have more than enough dividend/profit for the future.

[moneystery]

it's never too late to invest in bitcoin, whenever you want you can invest in bitcoin with your money. but before that you should learn more about investing in bitcoin. there are many sources that you can study before actually diving into this investment. but because you are still under the care of your parents, the money you use may be intended for your needs, not investment, so my advice is that you can invest with small capital first and always understand the risks. good luck on your bitcoin investment journey.

[dezoel]

You are not late, it's the perfect time for you to enter the market. Here is what you need to do: Start learning about Bitcoin and cryptocurrencies in general, get any information you can find on the internet, do research, read, learn, do anything but get knowledgeable about the industry. Also learn about trading, exchanges, wallets, and every single thing that you might come across at some point in your journey. Once you have learned everything, including how you can join an exchange and buy Bitcoins and then store them safely, you should start buying every month and keep storing them in a secure wallet, don't use custodial wallets as your coins will be at risk.

We are about to witness the 4th Bitcoin halving next year, and generally, when that happens, the market goes up, we call it a bull run if you don't know that. And when that happens, the whole market goes up, led by Bitcoin. So, your investments in the months before halving can actually give you 2x or more returns to you based on how much the market manages to go up.

One last thing, the market is highly unpredictable, don't expect it to only go up, and don't panic when you see it retesting a support or correcting itself, that's normal.

[Rabata]

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.

If you can invest your savings in Bitcoin, it may not seem like much in the short term, but it can be a great asset in the long run. If an investor can't manage enough money to invest then saving something regularly through DCA can be a source of huge wealth within 4-5 years. But since you are talking about South Korea the cost is much higher as far as I know. However if you can save $100 weekly in BTC then your return on investment will be very high. If you are in a country like South Korea, you can invest a lot more bitcoins if you try a little from the place.

[taufik123]

If you can invest your savings in Bitcoin, it may not seem like much in the short term, but it can be a great asset in the long run. If an investor can't manage enough money to invest then saving something regularly through DCA can be a source of huge wealth within 4-5 years. But since you are talking about South Korea the cost is much higher as far as I know. However if you can save $100 weekly in BTC then your return on investment will be very high. If you are in a country like South Korea, you can invest a lot more bitcoins if you try a little from the place.

Saving regularly must have regular income as well.
If a student has a good income every week or sets aside the rest of their pocket money to invest in Bitcoin, it is a good way to go.

Slowly and consistently it will provide a considerable amount, especially if it lasts up to 4-5 years.
That would be a great investment, but let's not talk too far for 4 years or 5 years, we only need to look at the next 2 years because the new ATH is likely to be reached.

South Korea might be an example of a fairly developed country with a sizable basic income.
But in some developing countries like mine, it's still quite difficult for high school kids to have enough money to start investing.
Only a few are able to because of financial support from their parents.