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

[Z-tight]

Do not listen to people saying you will lose money, there is no way you can lose money investing in Bitcoin

Op can lose their coins if they do not know what they are doing, i don't think op understands much about BTC and it is worth mentioning to newbies that BTC is not a risk-free investment. Op has to understand what they are doing, if not they can easily lose their coins to scammers. BTC doesn't also give profit immediately, so if op isn't patient, they can sell their coins at a loss and lose a part of their money.

[posi]

Do not listen to people saying you will lose money, there is no way you can lose money investing in Bitcoin

Op can lose their coins if they do not know what they are doing, i don't think op understands much about BTC and it is worth mentioning to newbies that BTC is not a risk-free investment. Op has to understand what they are doing, if not they can easily lose their coins to scammers. BTC doesn't also give profit immediately, so if op isn't patient, they can sell their coins at a loss and lose a part of their money.

Bitcoin is a high-return but high-risk investment, with no guarantee that those who invest in it will not lose money. Profit or loss is for investors like us to decide, bitcoin does not help us with that. Investing without knowledge and without trust in bitcoin will inevitably lead to losing money. It would be bad advice to just blindly encourage others to invest in bitcoin without advising them to do some research before investing. Newbies need knowledge and should not rush to invest in bitcoin to pay the price.

[Pandu Geddon]

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 $100 from your father is net money that you can invest, then you can buy Bitcoin gradually every month. But if it has to interfere with your other finances, meaning you will have other needs that might use that money, then you have to manage your finances first. It is important to know the appropriate amount that you can invest gradually. Just be consistent, if your ability is $30, then do it regularly every month, and you will see that your Bitcoin accumulation is quite good in the future.

[Texac]

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 $100 from your father is net money that you can invest, then you can buy Bitcoin gradually every month. But if it has to interfere with your other finances, meaning you will have other needs that might use that money, then you have to manage your finances first. It is important to know the appropriate amount that you can invest gradually. Just be consistent, if your ability is $30, then do it regularly every month, and you will see that your Bitcoin accumulation is quite good in the future.

It's difficult to give advice to the OP because he didn't specify whether the $100 was pocket money or money he used for monthly expenses.  if that is all the money he has to use for his daily needs then he should not invest in bitcoin with that amount.  but if it's pocket money, he can invest it in bitcoin instead of using it to spend on other useless things.  but he needs to know one thing, bitcoin is a long-term investment, not an investment to get rich quickly, so he needs to have full knowledge before investing, don't invest with a get-rich-quick mindset.

[Litzki1990]

If you found out about Bitcoin when it was at $60k then I'd say you're too late to invest. Since you already knew about Bitcoin, you should know about Bitcoin and investing in advance. If you had known about investments beforehand, then you would not have needed any investment advice after so long. 

If you get $100 from your father every month, that's enough to invest. You will only spend fifty percent of your hand spending money and the remaining fifty percent of money you will invest in regular bitcoins every month. If you continue to invest at $50, after a few years you will see your investment accumulate a lot of money. 

Investing small or big first you need to make sure how much you know about investing. You should invest only after gaining adequate understanding about investments.

[Juse14]

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 $100 from your father is net money that you can invest, then you can buy Bitcoin gradually every month. But if it has to interfere with your other finances, meaning you will have other needs that might use that money, then you have to manage your finances first. It is important to know the appropriate amount that you can invest gradually. Just be consistent, if your ability is $30, then do it regularly every month, and you will see that your Bitcoin accumulation is quite good in the future.

The point is not to make bad financial decisions, if only obsessed with collecting a lot of bitcin but we have a little money do not put it into Bitcoin all because it will interfere with long -term investment/collection of bitcoin, until you sell your bitcoin because you don't have money to buy needs You are everyday.

Projection of money well, it is important for you OP to start learning finances and how to manage it so that you have a financial budget in the every month, and from there you can see the amount of money you can invest into Bitcoin as a safe amount and capable of investing in Bitcoin .

[GbitG]

better start investing now or be late next year.
the price now is still cheap till second month of 2024 so be ware , you have at least 4-5 months to invest so take that advantage.

You should not give such investment advice to newbies. Your advice makes bitcoin more of a speculation than a real investment. Why does he only have a few months left to invest in bitcoin? Are you talking about halving? What if we don't have any bull season after the halving? What evidence do you have to assure OP that bull season will definitely come after halving? Bitcoin is a long-term investment, don't invest in it just because of the halving event, that is not the ultimate goal of bitcoin.

Of course, I also believe that it is an unbiased act to give financial advice or financial inducement to someone, just as this member encouraged the OP to invest in Bitcoin by playing the role of a financial abuser. And on the other hand, by referring to limited time, the OP is suffering from another delusion that there is a chance of investment until halving, and after that there will be a bull run. Foremost, kotajikikox, if you have any evidence, please give us the evidence that, according to you, the price of Bitcoin is cheap before the halving and there is a bull run after the halving.

A person like CZ, who is the owner of the world's largest exchange and a large holder of Bitcoin, does not claim that there will be a bull run after Bitcoin halved, and the price will go up. He also says that the future cannot be predicted by looking at the past. So, it is not appropriate to give such advice because Bitcoin has a volital nature and its prediction cannot be done by big people, so what is the status of us small people compared to these people? Therefore, you should encourage and attract people to invest in Bitcoin without any disclaimers.

[erep]

The point is not to make bad financial decisions, if only obsessed with collecting a lot of bitcin but we have a little money do not put it into Bitcoin all because it will interfere with long -term investment/collection of bitcoin, until you sell your bitcoin because you don't have money to buy needs You are everyday.

We have to ascertain whether he has any other income apart from receiving $100 every month from his father, he lives separately from his parents and if he has no other income then $100 every month is not enough for any investment, the impact of inflation is living in another country then we have to saves to meet daily needs, but if he could allocate $20-30 it would be better invested in bitcoin.

I like OP's motivation for wanting to invest in bitcoin, but I hope he has other income to invest more bitcoin before the next bull run, I suggest he learn about earning from crypto events and signature campaigns to increase income to buy more bitcoin for investment long-term.

[Issa56]

Do not listen to people saying you will lose money, there is no way you can lose money investing in Bitcoin, make sure you keep your recovery seed safe and keep investing gradually per month, you still have some few months to go before next bull market begins.

What I am expecting from you is for you to guide the Op on how to invest and how to secure his investment, everything is not just about keeping your private key safe. There are a lot of ways that bitcoin can be lost. You didn't even mention the appropriate wallet to use to store bitcoin, you just said the Op should secure his private key, you didn't even mention the appropriate way that the Op is going to use to secure his private key, and you didn't mention how the Op should stay away from scammers. There are many other ways in which bitcoin can be lost. Do you think you can only lose money when bitcoin dumps?

Next time you see a post like this, make sure you tell the person the necessary things they should know, you shouldn't just tell them they can't lose money. The Op is a newbie that doesn't know much about bitcoin, and you know the crypto space is full of scammers, and they are always targeting newbies, there are many ways which the Op can lose money.

[Ayers]

better start investing now or be late next year.
the price now is still cheap till second month of 2024 so be ware , you have at least 4-5 months to invest so take that advantage.

You should not give such investment advice to newbies. Your advice makes bitcoin more of a speculation than a real investment. Why does he only have a few months left to invest in bitcoin? Are you talking about halving? What if we don't have any bull season after the halving? What evidence do you have to assure OP that bull season will definitely come after halving? Bitcoin is a long-term investment, don't invest in it just because of the halving event, that is not the ultimate goal of bitcoin.

Of course, I also believe that it is an unbiased act to give financial advice or financial inducement to someone, just as this member encouraged the OP to invest in Bitcoin by playing the role of a financial abuser. And on the other hand, by referring to limited time, the OP is suffering from another delusion that there is a chance of investment until halving, and after that there will be a bull run. Foremost, kotajikikox, if you have any evidence, please give us the evidence that, according to you, the price of Bitcoin is cheap before the halving and there is a bull run after the halving.

A person like CZ, who is the owner of the world's largest exchange and a large holder of Bitcoin, does not claim that there will be a bull run after Bitcoin halved, and the price will go up. He also says that the future cannot be predicted by looking at the past. So, it is not appropriate to give such advice because Bitcoin has a volital nature and its prediction cannot be done by big people, so what is the status of us small people compared to these people? Therefore, you should encourage and attract people to invest in Bitcoin without any disclaimers.

I know that kotajikikox meant well when he gave that advice to the OP because if we look at history, we are very close to a bull season and this golden opportunity should not be missed. But we should not give advice such as urging someone to invest in bitcoin just to make short-term profits, because if history does not repeat itself and the bull season does not come, they will be blamed for us. They can even borrow money to invest in bitcoin with the thought of speculating in bitcoin for short-term profits.

No one can know what will happen in the future so don't give any advice with any form of assertion, and bitcoin is better as a long term investment than short term.

[Assface16678]

Do not listen to people saying you will lose money, there is no way you can lose money investing in Bitcoin

Op can lose their coins if they do not know what they are doing, i don't think op understands much about BTC and it is worth mentioning to newbies that BTC is not a risk-free investment. Op has to understand what they are doing, if not they can easily lose their coins to scammers. BTC doesn't also give profit immediately, so if op isn't patient, they can sell their coins at a loss and lose a part of their money.

I agree with this. It's better to say to a newbie in crypto the harsh reality that crypto or bitcoin isn't something that if you think you want to invest in it, you will do it. It's not that simple; entering into bitcoin without knowledge or an idea about it will cost you badly. I'm not gatekeeping, just saying that bitcoin should not be taken lightly just because you see its hype or you see that it is in demand these days. And bitcoin can't give you a guarantee that you will earn from it. That's why I suggest that someone who wants to be involved in bitcoin first read forums like this one so they can pick up a lot of understanding and knowledge necessary for their bitcoin journey so they will not be in a miserable situation and regret their decision. So yeah its okay to be honest and harsh if you want to help somebody. 

[Juse14]

The point is not to make bad financial decisions, if only obsessed with collecting a lot of bitcin but we have a little money do not put it into Bitcoin all because it will interfere with long -term investment/collection of bitcoin, until you sell your bitcoin because you don't have money to buy needs You are everyday.

We have to ascertain whether he has any other income apart from receiving $100 every month from his father, he lives separately from his parents and if he has no other income then $100 every month is not enough for any investment, the impact of inflation is living in another country then we have to saves to meet daily needs, but if he could allocate $20-30 it would be better invested in bitcoin.

I like OP's motivation for wanting to invest in bitcoin, but I hope he has other income to invest more bitcoin before the next bull run, I suggest he learn about earning from crypto events and signature campaigns to increase income to buy more bitcoin for investment long-term.

Yes it would be better if you have other sources of income besides giving his father to take the best steps in investing in Bitcoin, I agree with you $ 100 is not enough for any investment, unless he wants to invest every month and set aside money from his father to invest in Bitcoin any amount He invested, so I suggest him to see the budget of his needs first before making an investment so that his life is also in good financial regulations.

His initiative is good, I also really appreciate it, if you speak the signature campaign, I think it will be difficult for the OP, he must have a lot of contributions in the forum to raise the rank to enter the classification of the requirements that are usually done by the campaign Manager, but if he is people The persistent who will definitely get the job and get additional income from the campaign signature.

[Japinat]

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.

How about going to college? Maybe you will use your allowance to sustain your studies so if that’s the case, then I suggest to never invest in bitcoin for now but focus on your studies first so your attention won’t be diverted into bitcoin. But you can earn a portion of your allowance so you can invest in bitcoin in the future. Although it’s a good idea to invest at a young age, but I don’t think you’re capable enough to manage your losses if ever as that will surely affect your studies as well.

Bitcoin investment is actually for everyone. But if you want to expect positive and profitable outcome, I suggest you start investing when you already have your own source of income. That way, even if you decide to invest for long term, that will never be a problem as long as you invest only your spare money that you can afford to lose. And when it comes to long term hodling, chose to be patient always and have faith on your investment. No matter how unpredictable the price of bitcoin, that will not bother you at all since your trust is bigger than your fears.

[xzy887]

Consult your country's local board on this before your Uchid. Then you will understand who is strategically investing in this Bitcoin in your country. I didn't say that what you posted here was wrong. You can post here to find out information that you definitely don't know. But first, know your country's strategy. I think you should always understand your country's advice first.

[Ale88]

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.

It's all about perspective: saying that in 2023 bitcoin is up XXX% compared to 2009, when it was created, in my opinion makes little sense because only few people knew about bitcoin back then, and probably the majority of those people sold/lost everything a lot of years ago. You should focus on the present and the future: how many people right now possess some bitcoins? Still very few compared to the world population. You found out about bitcoin when it was $60k? Well, now it's half that price, pretty good deal, no?

[Best-mary]

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.

Well, I won't say you're late or early. I knew about bitcoin when it was around $40k still yet I wasn't able to buy any as of then. At that point, I was still doing some little surveys that earned me LTC XRP and Doge but now I am proud that I have levelled up in owing some units of BTC and it feels like I'm early in having them. Why am saying this!

You're lucky to have an allowance of $100 monthly you can diversify your portfolio and get Bitcoin partly. Because, yes! You're still early to own a bitcoin now it hasn't reached up to $100k. I use different methods to help me out. Still, Dual Investment is my best

So good luck owning your own Bitcoin

[bettercrypto]

Do not listen to people saying you will lose money, there is no way you can lose money investing in Bitcoin

Op can lose their coins if they do not know what they are doing, i don't think op understands much about BTC and it is worth mentioning to newbies that BTC is not a risk-free investment. Op has to understand what they are doing, if not they can easily lose their coins to scammers. BTC doesn't also give profit immediately, so if op isn't patient, they can sell their coins at a loss and lose a part of their money.

I think Op understands what he is saying and what he is planning about Bitcoin. In fact, the parent is even very lucky because, at his young age, he can immediately see a good investment opportunity in Bitcoin.

And I also think he knows what he's doing right now, as he's studying Bitcoin, so I don't see anything wrong with what he's doing, to be honest.

[Davidvictorson]

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.

I'll give you my advice in bullet points. Here they are;
- Read up on Dollar Cost Averaging strategy.

- Budget  a percentage of your pocket money to buy Bitcoin either monthly, bi-weekly. Do it for as long as you can.

- Download and install Electrum wallet or any other soft wallet on your laptop and keep your key phrase safe.

- Only use Centralized exchanges like Binance to buy your Bitcoin. You could also try decentralized exchanges. When you buy move the Bitcoin out of the exchange into a soft wallet.

- If you have a skill request to be paid in Bitcoin if your clients would agree to.

- Look for other ways to accumulate Bitcoin.

- Stay up to date with Bitcoin news.

[Publictalk792]

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.

Firstly, it's great that you're taking an interest in investing at such a young age, especially in something as innovative as Bitcoin. Michael Saylor is indeed a knowledgeable figure in the Bitcoin community and it's good that you're learning from him.

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.

investing in Bitcoin or any other cryptocurrency should be done carefully. While it's true that Bitcoin has seen a significant increase in value since its inception, it's also known for its volatility. Prices can fluctuate wildly in a short period of time, which can be risky.

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

Before you start investing, it's important to understand that you should only invest money that you can afford to lose. Since you're planning to invest $100 a month, make sure this is money you won't need for your daily expenses or emergencies. Also, it's crucial to educate yourself about Bitcoin and the technology behind it. Understand what you're investing in, how it works, and the risks involved. This will help you make informed decisions.

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

don't be swayed by the fear of missing out. It's never too late or too early to invest. The key is to have a clear investment strategy, stay patient, and not to panic when prices drop.
Remember, investing is a long-term game. It's not about getting rich quick, but about building wealth over time. Good luck!

[Wakate]

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.

So interesting for you to ask this kind of question because it is very important for one to get going. Bitcoin is not a Ponzi scheme just like some traders and investors pose it to be. It is a good move when we are ready to learn and it is one of the things that would help us to understand the market very well so that we can act on it without investing in the market blindly. Those who had been in the crypto market for long must have learnt how the crypto market works that would prevent them from make silly mistakes that could cost them to lose money anyhow in the market.