A student investing in bitcoin?

[Churchillvv]

With evidence shown above it means you already have Bitcoin or have had it before, but the question that you asked if you should invest your savings is probably what I will only answer here.

Bitcoin Investment has some little things to put consideration before investing in it. which are investing only what you can do without for a long time, you should also have a good cash flow (a job that can pay you on a weekly or monthly basis in order for you be able to purchase), should also have an emergency funds that can cover up your six months unforseen expenses and lastly consider a good wallet to store your Bitcoin. additionally there are ways to buy or strategies to buy Bitcoin but it's most preferable to use the DCA method which you will come across soon.

[1714639040]

1714639040

[1714639040]

1714639040

[1714639040]

1714639040

[Abu-Naim]

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 since you have had interest in it since 2019. As you said, make sure you reserve some money for your upkeep so that you will not sell quickly if you need money for something very necessary. You can use some of your savings to invest in bitcoin; the method is called DCA, which means dollar cost average. Ensure that the money you are investing is something you won't use anytime soon because a long-term Bitcoin investment is more favorable and profitable than a short-term investment. Also note that Bitcoin investment is not a get-rich-quick scheme where you will expect a huge profit in a short period of time.

[Hamza2424]

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.

Haha, I was questioning and suggesting Op too resize the image for a better view and infection here another fellow is quoting the entire post with the image and not even adjusting the size, Buddy you can resize it whenever you feel it's not appropriate as here we are not posting thoughts in the images, actually its all text-based and text size comparing to the image of that size is reapply non-readable.

At the same time, you can also remove the unnecessary part of the post from the quote simply you can use the

___SNIP__

on that place, and it's more accurate when you are mentioning your point of view on the entire topic for specific sections and points you can remove the rest.

Besides that #Bitcoin is OP and adopt #Hodl.

[JayTrain]

I understand that many people become interested in Bitcoin after seeing their friends succeed with it. I also want to explore it. Considering my job and studies, investing can be challenging. If I have some extra funds, I might try investing some of it in Bitcoin, but I need to be careful and not risk too much.Right now, it seems to me that it's not the best time to invest in Bitcoin, no matter how silly it may sound, but there were times for entry a couple of years ago that were much better than now.

[Smartvirus]

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

Some times, these magicians forget that they’ve got several audience and after having performed several tricks under their sleeves, the audience gets to deduct a few.
It’s obvious this user forgets his own past performance and here is the user yet again, trying to fool the forum. It doesn’t just tell tales of your intent @OP, it also speaks of your person.

My advice would be, ensure you’re learning the skills that would help you in your Bitcoin journey and gathering the most necessary information that would prove ever useful in multiple contexts. Don’t be in a rush to expose yourself as there are more than a thousand pair of eyes here to observe and brains to deduce what’s going on.

Nice one taking a note of this one Rikafip.

[RockBell]

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?

And that question should even be a self-made decision, I would have advised you to invest in Bitcoin because inflation just has a way of spoiling everything you save might not have much value to you, and since there is no way for you to even invest, it will be good, anyone that has invested in bitcoin won't regret it for anything, and that is one people in bitcoin will always encourage you to invest in bitcoin.

Yes, you can invest in bitcoin since you have had interest in it since 2019. As you said, make sure you reserve some money for your upkeep so that you will not sell quickly if you need money for something very necessary. You can use some of your savings to invest in bitcoin; the method is called DCA, which means dollar cost average. Ensure that the money you are investing is something you won't use anytime soon because a long-term Bitcoin investment is more favorable and profitable than a short-term investment. Also note that Bitcoin investment is not a get-rich-quick scheme where you will expect a huge profit in a short period of time.

And with him having the idea already will make everything much easier for him than newbies he knows all the necessary steps to take and with that foundation, you can even do a little bit of trading or go full-on holding. and having some amount for upkeep is also a very nice decision to make so that you don't put too many eyes on your investment and start spending from there. the mindset that it is a long-term investment makes everything much easier. because a lot of people who might have started with us are no longer with us just because of that knowledge. both long and short-term investments will favor anybody who masters it, so do all and see the one that will favor you. You can fully decide the part you want to take in your investment.

[dunfida]

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?

I would like to welcome you and all us on this crypto space or world on which this is something a market that you can really be able to expect that would be ending up on positive results but rather it would really be a roller coaster like kind of ride i should say. If you've been able to hear out those students been talking about Bitcoin wayback and ends up on being having those positive outcomes then it is surely that they have been able to get in earlier than you but it doesnt mean that it would really be over for you. You could really be able to caught up but of course dont expect about having those profits always.

Thing to remember;

1. Invest on what you can afford to lose
2. Set selling and buying points
3. Dont easily get fomo'ed and extreme fud
4. Stick with your plans

Once you do have these things then you do at least having the idea on what you are really that dealing on with. When it comes to
investment then there's no assurance to happen into those things that happened into your mind.

[DaNNy001]

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.

That's a typical newbie fishing merits character, for the lazy ones it's all about a new post with a freshly cooked story, I could remember one particular user that got three neutral tags by DT members boldly written LIER on the tags. Well atleast the best you could do is to make the market you are trying to sell atleast believable and not contradicting and confusing others.

[Lukmanfirdaus1]

Should I invest my savings in Bitcoin?

congratulations, you have taken the right steps to join here and are interested in investing in bitcoin. as a member of the community here, I really appreciate that. and I myself believe that bitcoin has great potential to produce high returns, I myself also invest in bitcoin for the long term... BUT.... consider the risks bro, we don't know when bitcoin will correct to its lowest level, even though it's small, it's possible. It's not 0. Especially if there is a possibility of using your savings in the near future, you are worried that if you need the money but BTC is undergoing a big correction, you will suffer a loss if you continue to force yourself to sell it. We know that the price of Bitcoin rises and falls very quickly. but if you are sure and ready to take all the risks... welcome to the HODL group

[khiholangkang]

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?

It is quite unfortunate if you have heard of BTC in 2019 but you no longer continue to research and find out more about BTC, if only you invested at that time maybe 2021 you could get a decent return from BTC, but the time has passed and you just want it back this year and I think the time is fairly right too.

Yes of course if you want to invest in bitcoin you have to deposit and buy BTC fractions or pieces at once depending on your ability, you must know how to store it properly so that you don't lose the Bitcoin you bought. But you as a teacher must understand how to manage money well so that your investment runs smoothly and your learning method must be much faster than people in general because you have a stock of knowledge from the world of education, congratulations on learning and enthusiasm for investing, you will be part of usBTC.

[RewFrew]

Welcome brother Because you take rights decision i think. Bitcoin investment is safe i strongly believe it. If we see bitcoins previous history we will get a positive statistics like, five years ago bitcoin price was very low even ten years ago bitcoin price was more low. And i think after five years bitcoin price will more high there has no doubt. Because day by day Bitcoins mining and mining will end in future so then Bitcoin will never mine because Bitcoins quantity is limited but it’s user increasing Day by day. So it is simple Bitcoin price will increase. So i think you got fantastic decision. I think you will be profitable today or tomorrow. Best wishes for you.

[snowpega]

Dear, I read your story and I would say if you have sufficient funds and have sufficient knowledge about Bitcoin you should buy Bitcoin and hold it until you reach your goals or it hits the desired prices you planned haha well nothing works here according to our desire and Crypto space is too unpredictable.

First Educate yourself about Bitcoin then jump into it because if do not have good knowledge about it you may face some problems here. Well if I share my part I also have invested in Bitcoin and I am also a student but I invested in Bitcoin after gaining knowledge about it and its ecosystem. It is the very first digital currency I bought and I bought it for long-term holding. I would advise you you invest on your own end I am not giving any financial advice you should do your own research which makes it easy for you to understand bitcoin and its ecosystem. I am just telling you my story and recommending you to do research before entering here. 

[Yatsan]

Should I invest my savings in Bitcoin?

It will always depend on your decision. Based on what you have said, you are interested with Bitcoin, so have you done your research about it? Of course there are maany people who gained benefit from investing but will it be enough to lead in such decision already? Do your part and know it to yourself. There are many resources where you could read things about it and this forum already is a big one. Asking others on what to do will just give you biases and not initiative. Decide for yourself in order to avoid regrets and end up blaming other people if ever things won't go as or in line with your expectations. Be practical and logical as well. If you are plaanning to invest your savings, would that amount be fine losing on your end? if yes, then go for it. If not, go for a portion of it. Lastly, and again, know what you are doing. Risk will always be there and never disregard it just because of the things you have read or heard.

[Asuspawer09]

When I started in Bitcoin and Cryptocurrency I was just a student as well, I dont really have any idea of what Bitcoin is at that time, and the price of Bitcoin was around 400$ I think, I just learned about it when one of my classmates actually tell me about it and share his earnings, at that age, he already earns a decent amount of money on Bitcoin and cryptocurrency, he was actually a hustler since he has a lot of ways on earning money so when they told us about this thing we easily get interested and trust him on this one. In my mind being able to earn a fair amount of money which is probably huge already considering my age, I mean as a student I had already earned thousands of dollars cash straight in my wallet at that time, and I could pretty much buy all the food that I wanted so I was really grateful that he shares his knowledge to us.

Still, even though you are not a student anymore for sure it is still a good opportunity to invest your money in cryptocurrency not necessarily all of your savings since even though Bitcoin was huge it was still a very risky investment compared to other assets that are tangible, Bitcoin doesnt really have a physical form so your for sure not sure if it has some kind of value because the value of it is just depending on how the market moves. For me, there is always opportunity that is going to come in the market so it is never too late actually to invest that's for sure, DCA for sure is a good strategy to minimize the risk by just investing or accumulating Bitcoin monthly. But it might be better to have a solid financial foundation first before even starting to actually investment, make sure you have insurance, savings, emergency funds etc. before starting to investment so that you have backup plan in the future because Bitcoin is not guarantee, after a few years Bitcoin might not exist anymore.

[salad daging]

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.

I read the above post and it is indeed a conflicting post. Lol But maybe OP wants more attention from a new thread about investing in bitcoin like a newbie coming.

Alright now back to the OP's topic.
If you already know how bitcoin works then you are free to do it because you yourself will feel how the benefits will come in the future or the risks that will be faced.

If for example you invest all your savings what about your expenses? Still you have to have a reserve fund for emergencies for me investing in bitcoin is enough as you can if it is better from other sources of income then it can be added to bitcoin as your investment.

[The Cryptovator]

Invest so that you can afford the loss. So yes, most likely, you can invest in Bitcoin from your savings. You can just follow the DCA strategy to accumulate bitcoin. You must have enough patience to see handsome profits from Bitcoin and wait for bull runs. This is the perfect time for you; instead of unnecessary spending, you may invest in Bitcoin. When you hold it for a long time, some day it will change your life. Struggle now for investing in Bitcoin, which would give you a happy life in the near future.

[_BlackStar]

A student investing in bitcoin?

You should have learned about investing in 2019, when you first got to know Bitcoin, meaning you have matured yourself for 5 years now in everything related to Bitcoin, investment, trading and so on.

If you actually go through OP's posting history - then you might think that the account has changed hands. I get the strangeness of how he wrote something that contradicts his past - I mean he is someone who is educated on investment matters and knows how to do it.

One of the posts:

I think it is not possible to get rich very easily or very quickly by investing. In the field of business, there are times when a lot of money is lost. However, if you want to make a profit by investing, you must wait patiently. Lack of people can get rich by investing in bitcoin but actually it is not.Investing in bitcoin requires investing for long term. So it is not so easy to become rich, of course, to become rich, you have to have confidence in investing and plan for the future.

But it's not a problem if you continue to deepen your knowledge of investing in Bitcoin from your friends, you must first learn about the current developments in Bitcoin from various sources of information, I'm sure you will be successful in investing.

As I said above - OP seems to be pretending he doesn't know how it works and doesn't know what he wants to do. A bit strange - but something may have changed.

[btc78]

The answer is yes ,

Just like any other investments, bitcoin has its own risks however I can guarantee you that investing in it would be pretty much worth your money. I always think about the possibility that if I had known bitcoin when I was younger and have invested on it, what would have happened?

Investing in bitcoin, personally, is a must however you need to make sure that you are not driven by emotions such as excitement or greed. The money you will be investing should not leave you too helpless and broke. You can acquire bitcoin through DCA method wherein you just buy a specific amount of bitcoin regularly to reach your desired goal instead of buying one big amount of bitcoin one time.

I say good luck to your endeavor and may you be successful!

[Issa56]

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

You have heard about bitcoin since 2019, and you never invested. You missed the opportunity that you had, but it’s not too late to invest. It's better that you invest in bitcoin if you are financially independent. Don’t just waste the opportunity that you have right now. If you keep on looking at bitcoin or are scared to invest, then you are going to miss out again. If you are planning to invest, then invest any amount you can afford to lose, don’t invest everything you have in bitcoin. Even if you will be investing your savings, make sure you don’t invest everything in bitcoin, you can just invest some parts, and then you can keep the remaining parts outside of bitcoin, you can get a physical investment.

[Rengga Jati]

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?

I really appreciate how you try to study and work simultaneously. I understand this won't be easy. Regarding whether it is good for you to turn your savings into investing in Bitcoin, the answer in my opinion will depend on your own financial condition. Is the money used for investment really money for saving and will it not interfere with your own expenses? Because there might be some sudden costs, are you ready?

As long as you are prepared and understand what you are going to do, and you understand the risks, this might actually be a good idea. As long as it's in Bitcoin, not in fake altcoins which might end up being shit coins. Bitcoin is one of the valuable investments made by many people today. Indeed, there is no 100% guarantee that you will make a profit. However, if you know the cycle and scheme of when it goes up and down, when it is bullish and bullish, then this will give you unexpected profits.