A student investing in bitcoin?

[Septex]

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

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[retreat]

That's very good because you are already interested in investing in Bitcoin, maybe this is your best decision this year. But first I want to say that investing in Bitcoin has potential, but it also has the risk that at any time the price of Bitcoin could decline, if you can't afford this risk, you should postpone investing in Bitcoin until you can accept the risk. However, if you are ready for this risk, you can invest your money and start your journey in Bitcoin investment.
And talking about your savings, I suggest that you don't need to invest your savings in Bitcoin, because after all you need cash if you experience difficulties. Only invest cold hard cash in Bitcoin, whether you allocate some of your salary or other money. Hopefully my advice can help you.

[Rikafip]

According to one of your earlier posts you already invested in bitcoin in the past but then had to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer.  

At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks

[cryptoWODL]

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Maybe it's a good decision for you that you already know about bitcoin investment and are interested in investing in bitcoin. Since you said that you are a part time teacher in a private college you deposit the amount you get from there at the end of the month and with that money you want to invest Bitcoin. Yes you can invest if you want but you will invest bitcoins in such a way that you don't have to sell the investment if you need money while investing.

You might want to invest in Bitcoin with a small amount of money which is the DCA method. This way you can invest bitcoins at your convenience and deposit any amount of bitcoins whenever you want. But you have heard from said friends that they have profited by investing in Bitcoin. Yes if you invest big amount in bitcoin then maybe you can get more profit in few months but If you start investing in Bitcoin with a small amount of money, you have to make this investment for a long time otherwise you cannot expect your desired profit. No one can expect good profit if Bitcoin investment is not done patiently for a long time.

[hd49728]

You wrote some stories and they are conflicting with each other.

"Bitcoin investment is the key to success". In that story, you said you invested in Bitcoin in 2022 and now you are telling something different in this thread.

There are many ways to contribute, make good posts and get merit. Writing stories is not best or only way to earn merit.

Welcome message with basic idea to make quality posts and get merit.

[Plaguedeath]

According to one of your earlier posts you already invested in bitcoin in the past but then ahd to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer.  

Nothing new, the trick is create a new thread in Bitcoin Discussion, Economic or Beginners & Help section. Talk about an experience as a newbie about Bitcoin, view Bitcoin as a God, praising Bitcoin over other assets and don't forget to upload big picture to make the thread looks long.

[Uhwuchukwu53]

According to one of your earlier posts you already invested in bitcoin in the past but then ahd to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer.  

At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks

The statement is a very contradictory one, if you have invested and sold it ,I think you have the idea before now,but if may be it was as mistake you did it lacking knowledge or proper information ,then you need learn how it works the pros and cons is the system. Bitcoin is not a quick rich platform as many think that once you invest be on Bitcoin you become rich overnight, Bitcoin can make you rich no doubt about it ,but you need be patient with your investment in the platform because quick withdraw after investment can't make you that rich. Secondly you really need something that can sustain your daily financial need when investing on Bitcoin to avoid the attraction of quick withdrawal. Don't make any decisions that will affect your living because it will make you not to hold the investment, using your life savings is not quite advice, the best is to divide the savings and put some in bitcoin why the other one should be in a business you will see daily income to enable handle basic need inorder to avoid selling your Bitcoin at the wrong time .

[ancafe]

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Don't know whether you are new to investing in bitcoin or not, but anyone who wants to get involved in investing is the right choice because you know that bitcoin is one of our biggest dreams to buy it. Regarding the issue of whether you should buy bitcoin with the amount of money in your savings, in my opinion it is not necessary because you have other needs to support life with your family. Create an investment percentage and adjust it to your savings and income because we never know when we will need cash for urgent needs.

If you already believe Bitcoin is one of the best investments then invest responsibly with an amount you can afford to lose. Use a long-term concept to store the bitcoins you have because I am sure that when the ATH arrives you will see the big profits that bitcoin can provide. The most important thing is don't panic and remain calm in any condition because that's how we can make a profit.

[LesterD]

After reading the previous comments, it seems you know the idea of investing in Bitcoin. Now, it is up to you to decide whether you should invest your savings in Bitcoin or not, considering your previous investment experience. However, you may also want to explore other opportunities in the cryptocurrency market, such as learning more about its history and other aspects. There is a lot to discover and benefit from in the world of cryptocurrency beyond investing in Bitcoin.

[Z390]

It should be a good decision for you, since you share a past with Bitcoin investment already, you don't need to ask this question again it will only make you look bad, people will start looking at you like a merit fisher, there must be many other things you don't know about Bitcoin, aren't you curious to know?

There are many things to know as a newbie, I think you should start working on what you don't know, don't let your knowledge about Bitcoin ends with buying and holding Bitcoin for long term, it's going to be fun, trust me, also learn how to keep your Bitcoin safe for long term.
Since you are a student, it's surely going to take a long time to accumulate good numbers of Sats, you need a good Bitcoin wallet for that, and here is a friendly advice for you, don't push yourself too hard, it's not worth it, face your studies and invest in Bitcoin only if you have spare money, unless you decide to get a side job? Having a good future does not ends with Bitcoin.

[Aanuoluwatofunmi]

deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

It's your savings, invest in Bitcoin because it will be more better than for you to be holding them in fiat, this is one of the advantages that you got served with Bitcoin adoption when you invest in it, you have control over your money, you determine what to do and when to spend it and it also becomes more profitable for you when you're able to hold it in your personal wallet.

[TheUltraElite]

Student or no student, bitcoin investing is not biased toward anyone. If you have savings, divide that into some for bank and some for buying crypto.

It is possible to buy crypto every month or in bulk when the price drops, both of them actually averages out, but since you are from a developing country and already struggling with earnings, the second option might seem better.

Selling should also be a part of the cycling of bitcoin, dont forget that.
OP is from Bangladesh and their posts are made just to get merits, no offense but this type of mentality of making threads and posting them for review to merit sources should be improved, you are not here just to get merits by writing stories, there are better ways to work on that. I hope you find them and improve yourself.

[hidden jutsu]

Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

As a student, it's encouraging to see your interest in investing in Bitcoin. If you're already confident in investing, go ahead and invest. But if you're feeling hesitant, I suggest you do some research to increase your knowledge and confidence. It isn't easy to invest when you don't understand the investment. By learning more about Bitcoin, you'll be able to make an informed decision on whether or not to invest.

[aoluain]

According to one of your earlier posts you already invested in bitcoin in the past but then ahd to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer.  

Nothing new, the trick is create a new thread in Bitcoin Discussion, Economic or Beginners & Help section. Talk about an experience as a newbie about Bitcoin, view Bitcoin as a God, praising Bitcoin over other assets and don't forget to upload big picture to make the thread looks long.

and the OP has been on the forum since April 2023.

I also want to know how it works.

If the OP has been here since April 2023 and still doesnt at least know the basics of
how Bitcoin works and investing in Bitcoin, its a lost cause. How does the OP not
realise that his threads from previous are conflicting?

[decodx]

There's a saying about being careful with investing in Bitcoin.  It can definitely be risky business.  At the same time, I want to believe most folks sharing their experiences are doing so honestly, even if they don't get everything exactly right.

Maybe they're new to crypto and still figuring it all out.  Or maybe in their enthusiasm they unintentionally exaggerated or misremembered some details.  Either way, probably best not to assume bad intentions right off the bat. 

And for sure no one should feel pressured into anything.  We all have to make informed responsible choices with our money. 

OP, if you're being honest and genuinely new to Bitcoin investing, I wish you the best of luck. However, if your intention is to post fabricated stories just to gain merits, or forum rank and recognition, please stop. Your post history can be easily checked, so it's best to be genuine and contribute meaningfully to the discussions.

[elevates]

It is your choice whether you want again invest in Bitcoin or not. As you have been part of this forum since April of 2023 and have earlier invested in Bitcoin you should be well aware of how it works. Creating topics that are similar to the previous one won't help you. it is better you read the information that is being discussed about Bitcoin on this board and then make the decision.

[0t3p0t]

Should I invest my savings in Bitcoin?

Yes if it is extra money but if not then no. We all know that Bitcoin investment has risks so if you need that money during dip or bear market I think you will be forced to sell it and surely it will hurt your investment and capital. Just make sure you are ready to play for the game of volatility, much better if you make it long term so it won't stress you out.

[SatoPrincess]

OP I don’t believe you’re being sincere, your story keeps changing and the details don't add up to their original story. From your post history, this is not your first time buying bitcoins or did you make this post from the wrong account. This looks to me like another topic created to earn merits and activity point. As for whether you should invest your savings in bitcoin, I think it is better if you take your own advice.

You can invest very small to small amount of money in Bitcoin if you have less resources. I have already profited from investing in Bitcoin. Through which I got positive idea about bitcoin and from here I got motivation. If you keep a small amount of money in the bank, there is very little or no profit from it. But by investing in Bitcoin you are most likely to make a profit.

[MJSO22]

I first came to know about cryptocurrency in 2019. Back then some of my friends were discussing Bitcoin but I didn't understand much. After that, they were not even researched. Then in 2022, when I passed college and entered university, I heard new friends discussing Bitcoin investment again. They have benefited from this. Then thinking about making profit in bitcoin investment I want to invest in bitcoin. I also want to know how it works. Currently I am a part time teacher in a private college along with my studies, I work very hard to support my university life and my own expenses. I deposit some money at the end of the month. Now having interest to invest in this bitcoin I want to invest here. Should I invest my savings in Bitcoin?

Yes you can invest in Bitcoin.  Because the price of Bitcoin is increasing day by day.  If you buy some bitcoins then you will get good profit at one time.  I think you should buy and hold bitcoin.  Bitcoin price will increase as time goes by.In this case, if you buy bitcoins, you will get a good profit at one time.So you need to do some investment in bitcoins in which you will get good profit if you hold for a long time.

[Nwada001]

According to one of your earlier posts you already invested in bitcoin in the past but then had to sell it so I am not sure why you are talking like you never bought bitcoin before and know nothing about it. An obvious answer is merit fishing but I am curious to hear your answer.  

This is one thing about cooking up stories. Most times, the author forgets about what they said before and is too lazy to study the old thread in order to keep the stories in place. Instead, they come up with a new one every now and then, forgetting there could be members who are concerned and could trace and get their things all out and together.