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Author Topic: Maybe I should have taken this risk earlier.  (Read 1068 times)
Cantsay
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October 24, 2023, 08:54:10 PM
 #21

I also woke up to the price at 34k dollars and saw that the total amount on my wallet has increased, I never planned for an increased if I did I would have brought more stash.

Back to your post Op, first rule of investment is “investing what you can afford to lose”, and in this case the money you’re talking about is not something you can afford to lose since it is designated for your education fee so investing such more and putting it at risk does not look at a good decision to me. Yeah, we just had a pump recently but what would you have done if having purchasing bitcoin the price dropped? And during that 4-5 months of your admission process the price remained constant… what would you have done?

When you missed an opportunity, don’t over work yourself because of it just continue doing your thing because if you should make a decision beaded kn what just happened thinking same thing will happen again might lead to you losing your money.

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October 24, 2023, 08:57:18 PM
 #22

If you are only investing for a short term period, it maybe risky for you since Bitcoin price movement is so volatile that in just a short span of time, the possible uptrend movement of the market may suddenly reverse.  So I would like to suggest that you should only invest what you can afford to lose and is not allocated to something important as education.  Don't be greedy and think that Bitcoin market is that simple, we have seen lots of people who tried to game the Bitcoin price movement in a short span of time getting rekt. 

If you are in for years then I would encourage you to invest but if your aim is to take advantage of the current uptrend by investing for only 4-5 months I would say think twice or thrice . Study the price history of Bitcoin and if you are able to bear the possible losses without affecting your educational funds then go with your plan.
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October 24, 2023, 08:59:37 PM
 #23

You won't think about it when bitcoin price moves the other way. See there's no one to blame or something to regret with what happened because we cannot really predict the future. I think the lesson you need to learn from this is to take the risk, without risks you cannot gain from something. I know we all did regret on how big we missed investing on bitcoin back then, this is the same feeling you had when it crossed $34K, imagine there are people who sold their bitcoin for less than $100, $500, and $1000. Investing now might be a bad idea, I'm speculating that it won't reach $40K by the end of this year, and you badly need the money for your education. Learn to time your risk taking.
No one holds the future of bitcoin so I believe that you are not alone in your present state right now. So don't blame yourself for not investing in bitcoin earlier because in reality, there are still a lot of opportunities coming to perfectly invest in the market. Just wait for another price drop so you can enter at a very good position. However,, with your current life's status, even if you know already about the basics of bitcoin, that is not the only basis for you to decide to invest in bitcoin. Yes, you have your money, but you cannot afford it to lose because that is very important to continue your education.

Learn to focus more on your studies at the moment. Bitcoin investment can definitely wait because there's no late or early when it comes to bitcoin investment. And you will only be successful with bitcoin investment if you use your own hard-earned money to invest. And that will only happen if you have your own sustainable source of income. Learn to be patient and wait for the right time to invest.

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October 24, 2023, 09:06:37 PM
 #24

Invest only that you can afford to lose is straight-forward. I am not discouraging you to invest; I am just warning you to invest with caution. Because it seems you have serious funds related to your career. If you lose it for some reason, then you will face a lot of trouble in the near future. Bitcoin seems highly volatile right now, and there are Bitcoin ETF rumours. If rumours become true, then we will see a pump. If it becomes false like before, then we will see a dump for sure. I will advise you to invest from your savings, not from your only capital. So even in a market dump, you will not encounter any issues and can hold for a long time.

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October 24, 2023, 09:11:24 PM
 #25

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

Is never late to make investment, especially when it concerns bitcoin, everybody would have invested in bitcoin when the price was low if we had known or maybe had the money to invest as at that time, so don't give yourself too much of regret because it's normal human nature.
But if the money is meant for your education, I would advise you make do with it for the purpose it was kept for. You can still make little savings one your own and be investing in bitcoin over time.


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October 24, 2023, 09:14:17 PM
 #26

A bitcoin is a currency that is unpredictable and in which the price or the value fluctuates and you can not depend on the value to be sure that your school fees is saved, I think the option for you to do is that , since the money is for your school fees and is not a spare money, the best option is to remain the money the place your parents kept the money for your school fees.
Because investing it in bitcoin may have a disadvantages in you, because bitcoin is something that deals with a risk measure and you are not sure of making profit in it because we are not in bullish season, right now the price of bitcoin is fluctuating and nobody know what tomorrow market will result out, so bitcoin is unpredictable currency which you are not supposed to depend on it.



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October 24, 2023, 09:31:29 PM
 #27

He swore that there is a very similar story, well it is almost always like that, but there are several thoughts that coincide, whatever...

If you had been born at the beginning of the last century perhaps you would have ignored many good investments, Coca-Cola for example.
Well, more contemporary, it happened with Apple, a Mexican became a billionaire, yeah, when he trusted that company when no one else did.

In short, the risk is always there, latent and the options are many, you only know when you invest and the years pass, even today despite the fact that bitcoin went through its best exponential growth it still has, "perhaps" a long journey of profits.

Just look at the past as a statistic for decision making, please, crying doesn't help, and!, consequently consider that the money you invest is money at risk, that is, losing money is a very real option.

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October 24, 2023, 09:32:37 PM
 #28

I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.
Having yo make a mistake isn’t always the problem, the problem is always in what you’ve got yo learn from that mistake after you’ve made them.

While not having to have invested in Bitcoin when the price was somewhere around $26k and having to invest now than holding back would be a much better thing to do,
I’ll also like to recount that the rule to investing has always been,

Not having to invest more than you can afford to loose.

You’ve already stated out the fact that, this fund is needed for your education in 3-4months, the price of bitcoin has got no guarantee to it and as such, it could turn at any side and at anytime. I’ll say you should think your decision through properly.



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October 24, 2023, 09:35:39 PM
 #29

It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months.
Bitcoin is unpredictable which you never can tell what will happen in this next 4-5 month, bitcoin is good for longterm investment and it is better to use fund which won't be needed for emergency or fund that is meant for something else . It is better to invest with extra fund that won't be needed for anything,  I know the price of bitcoin is increasing now but no one can tell if it will still be increasing or fall down In the next 4 months . I don't think it will be a good idea for you to invest money that us next for your studies for you to invest in it on bitcoin because you can really tell how the market will be when you will need it.

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October 24, 2023, 09:39:11 PM
 #30

No one can predict the price of Bitcoin correctly but people are free to give or share their own prediction of Bitcoin's price. If you decided to invest in Bitcoin because the price increased then do what you want to do after all, it's not our money that we can decide what to do. In short, it's entirely up to you mate since it's not ours to begin with. It's never too late to invest in Bitcoin. There are some of us who knows amd learn about Bitcoin 9 or 10 years later but still able to earn profit.

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October 24, 2023, 09:42:49 PM
 #31

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.
Apparently, a lot of people have the same story as yours, they blame themselves for neglecting to invest in Bitcoin earlier while seeing what happened to its price today. But we have nothing to correct those days, it was done already. What you're gonna do is to think about buying and make a decision whether to buy or not while the price of Bitcoin is still low price. If you think the positivity may happen to Bitcoin, then never waste your time either but rather have to take action now.
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October 24, 2023, 09:53:26 PM
 #32

It's hard to really follow or time the market because it's hard to know what's going to happen. Knowing that it's always moving with the 24/7 and global market. It's easy to feel FOMO because of the increase in price I hope you continue to invest (if you can and are willing to do it to decide on it) then you wouldn't really feel this way anymore.

Just continue to achieve your goal and you can be more active on it.

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October 24, 2023, 09:58:07 PM
 #33

 You can't invest the money that you can't afford to lose. No matter how the market looks promising to invest, as long as what you have is you're not comfortable to lose it, then just forget investing at the moment but prioritize studying first over investing. Because if you stick on thinking the opportunities you missed in the market, you will never move on with that. Just think of this, everything has it's perfect timing. And investing at the moment is not perfect for you not because you're less capable but because you don't have what it takes to lose your money and yet you're still okay with it. But eventually in the future, when you obtain your own job and you're free to do anything with your own money, then you are very free to invest as long as you don't blame others if ever you lose on your investment.

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October 24, 2023, 10:04:28 PM
 #34

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

If you want to invest in bitcoin due to the recent uptrend in the market, I’m sorry you won’t be able stand the market volatility. Yes the market is going on an upward movement and everyone is if the believe that it might rise more, while few people will think it won’t last long. Consider what the lesser people say because there won’t be a say like that if there’s no possibility of it happening. You can’t just invest in bitcoin for four to five months and hope that you’ll make it very big from there and exit the market. The market has a direction and a guide, if you can’t unlock those factors, you might end up losing your money when you try to invest and neglecting them. There is a better assurance to invest in a long time in the market to get good profits rather than just trying to enter because of FOMO.

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October 24, 2023, 10:12:27 PM
 #35

Regret is always at the end @OP but lucky for you, Bitcoin is still in the beginning of its long journey.  So you can just do some DCA and spend your extra money so that it won't get a toll on your fund for your education.  Education should be prioritized here and it is not wise to spend the money that is already allocated to something, let alone it is for your education.  If this trend is a bull trap then you will likely regret your decision to invest your educational fund in Bitcoin in a short-term period.

Just like everyone stated, the Bitcoin market is too volatile you might end up at a loss when the time comes that you need the money for your tuition so I think it is better to play it safe and accumulate slowly with your extra money.

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October 24, 2023, 10:16:10 PM
 #36

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

If I were in your situation, I would think the same thing that you are thinking if I understood and saw the potential of Bitcoin in the future. Rather than putting it in the bank, at least in a few months, it will have a price change.

But if you do this, don't forget that Bitcoin is a volatile asset. Consider the risk you can face with it. And above all, don't do what you think if you know for yourself that it will affect your studies, as long as you always study first. I know you take risk takes but you should prioritize what your important priorities are.



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October 24, 2023, 11:32:48 PM
 #37

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

It will be the worst decision of your life. The way you talk shows that you don't have too much experience in the market. What makes you so sure that bitcoin will surpass $40k in the coming months, are you an expert or someone from the future? One more thing: it's the money your parents gave you for your education, it's your future, you can't invest in bitcoin with money you can't lose.

I bet you want to invest because you see the market skyrocketing and you regret it, but you don't have any knowledge or experience about it. We'll call it Fomo and you'll soon pay a heavy price for investing that way.

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October 24, 2023, 11:39:26 PM
 #38

First, it can be said that you are a lucky child because you have parents who are responsible for their children. Please don't ignore their appreciation of you for the effort they make just to support your studies. And I also see that you are a responsible child to your parents because of what you think of such things.

It's rare for me to see young people like you who immediately think about the future for themselves. So as far as I can see, you will go far for sure, especially since you saw Bitcoin as a good opportunity and you were not wrong in this matter, to be honest.



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Rainbot
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jrrsparkles
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Eloncoin.org - Mars, here we come!


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October 24, 2023, 11:54:31 PM
 #39

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

So what would be your reaction if the price of bitcoin moved in the opposite, let's say from $27K to $17K in this period then you will be here complaining that bitcoin is risky and now my money is gone.

You should never invest any money in bitcoin that you have to use in the near future like in a month or two so what you did is the right thing.









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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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HelliumZ
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October 25, 2023, 12:31:39 AM
 #40

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.
Since your father's money is in the bank, you can withdraw that money and reinvest it in Bitcoin if you want. If you can afford your own education then you can invest your father's money in Bitcoin. There is no need for your father to invest money if you fail to pay for your education. Also another thing is that you should not invest in Bitcoin in this pumping market rather you wait for some time when the market is dumping then you can invest in Bitcoin.
Moreover you don't invest all your father's money in Bitcoin but you can invest some right now and later you can invest the rest depending on the market condition.

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