A student investing in bitcoin?

[Vinaa77]

First of all, I hope you understand what volatility means before you put all your savings in Bitcoin. If you don’t, you should look it up and understand how Bitcoin works. Secondly, you will not make quick money from Bitcoin (just in case you thought it would). Thirdly, there’s more to Bitcoin than the investment. I like to think that the profit is just a coincidence as that isn’t why Bitcoin was created.

Those who will try to invest in Bitcoin must of course understand well how Bitcoin works and also the volatility of the market so as not to panic when after they buy it and the price decreases, if we assume that by investing in Bitcoin then we will be able to make profits quickly, of course this is an understanding. wrong about investing so that we will make many mistakes after investing which results in losing the assets we have in investing in Bitcoin.
If they can understand how Bitcoin works correctly then they can invest in Bitcoin and continue to learn so that they don't miss every opportunity they get in investing in Bitcoin.

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[aylabadia05]

<snip> 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?

How to invest in Bitcoin is not difficult in theory. Buy and transfer directly from the exchange to be stored in a trusted wallet such as a hardware wallet.

Bitcoin was created with innovation aimed at making it easier for people to carry out transactions with a transparent system. There is no need for a third party in every transaction process and no party can control Bitcoin.
Because you are full of awareness, you are also expected to not be forced to invest in Bitcoin.
The reality is now very widespread and many people want to adopt Bitcoin because it can be a solution to the uncertainty of the global financial system.

Many institutions are now interested in investing in Bitcoin. Among people whose economic background is above, they are also very interested in continuing to try to own Bitcoin.
If you ask me, I would say don't sit around doing nothing when other people are very active in wanting to own Bitcoin.

[kuriboh]

One thing is very surprising to me. New topics are created, and new accounts are asked to learn about good quality. The way they post their new status makes me wonder if they are new or if the old ones are back. I have seen many new accounts come in and ask critical questions that merit merit. Here is my question: are they new? One thing is very surprising to me.  New topics are created, and new accounts are asked to learn about good quality. The way they post their new status makes me wonder if they are new or if the old ones are back. I have seen many new accounts come in and ask critical questions that merit merit. Here is my question are they new?

Should I invest my savings in Bitcoin?

OK, since you are sincerely nervous, first of all, study them well and learn them. Analyse everything well, and then move forward slowly.  First, you don't go to invest, understand, and learn. Then comes investment.
But if you look at your previous posts, you can find a mistake. Once you say you bought it, you will buy it again. How did it happen?

Since you mentioned investment, let me try to help you with a good idea. Firstly, your decision to invest in BTC is a good idea.  When investing in BTC, you need to invest with a long-term mindset.  Good things are waiting for you if you have long-term ability.

Finally, don't post randomly, say something, and then come back and do it differently. Always proceed with good understanding; good things are waiting for you.

[CODE200]

Weigh the risks my friend, can you do hodling that could probably last for about 2 to 3 years without touching or using those bitcoins? Are you patient enough and have the nerves to see your investment go down to 50% in a blink of an eye? Are you prepared to sacrifice on things that you take for granted like food because you can't be spending on food and other stuff too much so your budget won't go over to the point that you're going to need to get your hands on your bitcoins to help you with your overspending? Honestly, you need to be talking to this with your parents because this investment thing is a serious business, you don't want to be panic selling your bitcoin that came from these savings you know because it's heartbreaking to lose that much money just because you can't handle the pressure of the volatile bitcoin market.

[LDL]

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's great to hear the story of a small part of your life but if you had spent some time on Bitcoin from the beginning ie when you first heard about Bitcoin you would be in a lot more profit now and you would have a lot of knowledge about Bitcoin. Anyway now you want to learn about bitcoin and invest in bitcoin will definitely be more perfect for you and you can definitely manage your university expenses and your own expenses besides your education by investing here. But I will give you a suggestion which is very important and should be followed. As you plan to invest, you must be aware of the investment prerequisites and risks before investing. Investing in Bitcoin is as profitable as it is risky. Without prior experience, of course, it is not possible to expect good results from investing in Bitcoin.

[Blitzboy]

Bitcoin is exciting but not a cure-all. I urge caution in this unpredictable market, having witnessed its ups and downs.

Be educated first. The crypto world is complex; blockchain technology, market patterns, and Bitcoin's history are essential. This knowledge is strength and a defence against losses. Remember that investing without knowledge is like sailing without a compass in a hurricane.

Diversify your savings investments. No one basket should hold all your eggs. Bitcoin may be part of your investing portfolio, but not all. Think long-term and ignore short-term changes. Most essential, invest only what you can lose. Its about smart, educated, and responsible investment, not simply profit.

[Hypnosis00]

Not actually bad for a student to do this but should be made wisely. I believe he is able to see the potential value of Bitcoin in the future and gain interest from it but he must know the risk that he face. However, everything can be learned and can be managed as long as we want.

May investing is not his priority but making an investment from our extra money is undeniably a great decision. Despite his age and being a student, I don't think it is impossible to manage his investment well. I consider that a great move and initiative from a student who thinks about the future rather than spending his money on useless stuff.

[Shamm]

Anyone can invest Bitcoin as long us they have enough Money to invest with. Teacher, students, mommies all of us if we have knowledge about Bitcoin then we can invest  with our exist money. Cause someday it will help us to make bigger profit. Like what other investors did when the price will down then they will buy more Bitcoins and then after a year they made a profits. So in short in the real world all of us had the right to invest bust we must have knowledge first in order to prevent such loss in the future.

[Ale88]

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 mean, you are asking in a forum full of bitcoin enthusiasts whether you should invest in bitcoin or not, what type of answer do you expect? The thing you need to focus on is not investing money that you actually need in order to continue your studies, so besides working you can also cut your monthly expenses, probably there are many little things that at the end of the month can make a good different in terms of saved money. I'm talking about coffees, drinks, eating out too often, buying unnecessary clothes, etc etc.

[SatoPrincess]

After reading all four pages, the thought arises that the answers were divided into two parts. Some perfectly see how insincere the author of the topic is, why the topic was created, and what the OP wants.
But all those others furiously write truisms, repeated from topic to topic, without at all reading the posts of people who say that he doesn’t need any advice. He has a different goal.
How do these posters differ from the OP? Everyone has only one task; I see that some are either deaf or blind.

That’s because it’s more beneficial to dump their posts here to complete their weekly signature quota instead of seeing the OP for what it actually is. I didn’t expect this thread would make it past two pages seeing how quickly Rikafip caught the OP’s lies. The evidence is staring everyone in the face on the first page but who cares. It seems to me that a lot of people do not read the replies of others before making their own posts.

[Renampun]

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?
...

You are lucky to know about bitcoin when you are still young, so you can collect a little money to buy bitcoin, but the most important thing in investing in bitcoin is never force yourself to use your only money, also think about how you spend each day, because if you run out of money then you can be sure you will only sell the bitcoin you have if you don't have any other money.
I suggest you use the DCA concept to accumulate the bitcoins you have, you can buy them regularly, and set your target price, so you can more freely manage your finances.

[Casdinyard]

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?

Personally I think we're past a period in time when we're so precautious about telling people how to invest in bitcoin. And while there are still risks, I think as long as the person doesn't sell their position even on crashes they'd have a fairly high amount of chance to recover and even profit as time passes by. Then again that's just me thinking about it, but here are some things that you would have to really take into consideration OP should you follow through with your interest in bitcoin.

1. Bitcoin is a multi-faceted industry with ties not only to the investment world and profiting, some people (like me) even assume it to be the home of the future of internet and data storage technology, providing us with a future of infinite possibilities within these facets with the added benefit of still earning money in the process. Would you be in that ride or would you really just stick with good ol' fashioned crypto buying?

2. What type of investor do you think you are or would be? The thing is bitcoin's volatile, but it is cyclical, meaning its propensity to increase and decrease in value is literally not up to our hands, but since it's been in the market for so long, you get the added benefit of financial security that allows you to have the piece of mind of not losing the value of your investment, provided that you don't touch your crypto for a long-ass time, are you comfortable of doing that?

Answer these questions for yourself first, and then once you've made up your mind then either go for bitcoin, or don't go for it at all. We've already had a lot of people in here blaming bitcoin for their lack of awareness about how the market works. Bitcoin's profitable but only for those who are willing to stand up with it.

[smelody]

The investment of BTC is depend of your mentality as you a job holder,businessman or a student. Students are busy of their study and he as wish saving money is possible. Before the investment of BTC they have to some knowledge about it and taken some important idea for saving. Students should have some of the work beside of study.

Freelancing is the best way to save money for Student and invest of BTC. If they start than when he goes to university will have a in-dependable person.

[Patrol69]

Everyone has a different story behind getting involved in investing which is really exciting. Hearing such stories about investors investing increases interest in investing. At an age when boys and girls have no source of income but have to rely on money from the family, some boys and girls are planning to invest and many are investing. When the investor has a different love for investment and has a lot of interest in investment then those investors invest so hard. But if an investor starts investing in student life then he will gain enough experience about investing at a stage of age and that experience will help him a lot in later investments. 

You have invested in bitcoins relatively late than your friends but at the time you have invested not many people know about investment so trust your investment and try to hold the investment as much as you can hope success will come to you one time.

[thefreethinker]

You are lucky to know about bitcoin when you are still young, so you can collect a little money to buy bitcoin, but the most important thing in investing in bitcoin is never force yourself to use your only money, also think about how you spend each day, because if you run out of money then you can be sure you will only sell the bitcoin you have if you don't have any other money.
I suggest you use the DCA concept to accumulate the bitcoins you have, you can buy them regularly, and set your target price, so you can more freely manage your finances.

Having investment knowledge and experience from a younger age is quite a fit that many, I mean many many of the populace did not happen to fall in that category. Having investment knowledge and successfully implementing it are a two different things in my opinion as the later has to do with series of hands-on and consistent testing in order to build the required market confidence and experience. BTW when you say OP is lucky to know about Bitcoin when he's still young, what age do you presume him to be?

[eye-con]

You are lucky to know about bitcoin when you are still young, so you can collect a little money to buy bitcoin, but the most important thing in investing in bitcoin is never force yourself to use your only money, also think about how you spend each day, because if you run out of money then you can be sure you will only sell the bitcoin you have if you don't have any other money.
I suggest you use the DCA concept to accumulate the bitcoins you have, you can buy them regularly, and set your target price, so you can more freely manage your finances.

Having investment knowledge and experience from a younger age is quite a fit that many, I mean many many of the populace did not happen to fall in that category. Having investment knowledge and successfully implementing it are a two different things in my opinion as the later has to do with series of hands-on and consistent testing in order to build the required market confidence and experience. BTW when you say OP is lucky to know about Bitcoin when he's still young, what age do you presume him to be?

According to the OP, he began attending college in 2022, which implies that he might currently be in his third year of studies. As a student, if you happen to have knowledge of investment or how to begin investing, you are fortunate. This is because you have started on a path that many of us here may have missed out on, particularly when it comes to investing in Bitcoin.

[icalical]

Should I invest my savings in Bitcoin?

I assume this is your main concern, will it be safe to invest most (or all) of your saving into Bitcoin. You said that you are still a university student, so I assume don't have wife and kids, and other responsibility, so investing all of your saving won't be a problem, you are the only people who depends on your money, so you don't need other peoples permission and all of the risk, profit or loss will only affect you. Moreover if you are still supported financially by your parents, you will still have some money from your parents if you invesed your saving into Bitcoin.

[Nothingtodo]

No matter how knowledgeable a student or teacher is, he must gather some general knowledge about Bitcoin before investing in Bitcoin. There are some important pre-conditions that must be followed when investing in Bitcoin. Most of the time investing in bitcoin without following the fund budget as well as market overview to invest is risky. Practical knowledge is more important than theoretical knowledge when it comes to Bitcoin investment. For those who can use their prior experience in Bitcoin investing, the risk is much lower and the profit potential is much higher.

[Myleschetty]

Now having interest to invest in this bitcoin I want to invest here.

You can invest here cause this place is a Bitcoin forum which was created by Satoshi Nakamoto to serve as a means of community communication and discussion about BTC, blockchain and cryptocurrencies.

Should I invest my savings in Bitcoin?

I feel sad you asked this question after a lot of multi-trillion investment companies have filed for Bitcoin spot ETF and have already pumped Billions into the Bitcoin market. My question is. Do you think all these investment companies like BlackRock are crazy for putting Billions into BTC?

[BD Technical]

When I was studying in school, I did not understand what digital currencies are in this crypto world.  When I started looking for them.  got into college because since then slowly I had an older brother working here to invest and.  Bitcoin regularly joins the signature.  After getting to know him, I came to this platform and then slowly learned a little bit from him and then slowly invested.  Not everyone learns everything and a little bit. I also learned a lot by coming here but I hope everyone benefited a lot from here but that's all.  Alhamdulillah, I have achieved almost as much success as I did without Invest.