A student investing in bitcoin?

[AmoreJaz]

It doesn't matter if you want to invest in Bitcoin, whether you are a student or a working person or a businessman, it is your own business because this market is very risky and you have to face losses as well as gains, so it is wisest to do what you want without listening to anyone.  If you have extra money then you can invest

What is the point?
Of course, people have the ability to invest if they have the funds. It doesn't matter if they are students, workers, or other professions. As long as the people have the intention to invest and they have knowledge about it, it is always okay to invest in something like Bitcoin. Sure, Bitcoin is a high risk investment, but it can be relatively safe investment if we have good knowledge. 4 years cycle of bearish-bullish and Bitcoin halving become 2 factors that make Bitcoin investment be more secure. However, it is true that we must always use excessive money (extra money). We don't use the money for basic things in our life.

always keep in mind that if one invest into something, he should be knowledgeable about it and not just because of the hype surrounding it. you can easily liquidate your position if your knowledge is just a mediocre one or have no idea at all.
so whether you are just a student or a long time investor, there's no difference, so long you know what you are going into and you have enough knowledge to cover the critical factors when you invest on a particular item.
because as a student, you may have your passion in knowing the vital factors of an investment, so you have the edge over the others as you can do your own research before jumping on any of these investments. whereas, those old ones may not have the time to spend in doing their study. so as a student, you have the advantage. in this scenario, we can say, it is a case to case basis.

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[Rufsilf]

Having an interest in bitcoin and wanting to invest in it can, in my opinion, be a wise decision, as the cryptocurrency has seen tremendous growth in recent years. On the other hand, I don't think it's a smart idea to invest your savings in order to purchase bitcoin. I believe that you should keep the money from investments and savings separate because, given the volatility of the market, we can never predict what will happen in the long run—it will either rise or fall. Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

[uneng]

Having an interest in bitcoin and wanting to invest in it can, in my opinion, be a wise decision, as the cryptocurrency has seen tremendous growth in recent years. On the other hand, I don't think it's a smart idea to invest your savings in order to purchase bitcoin. I believe that you should keep the money from investments and savings separate because, given the volatility of the market, we can never predict what will happen in the long run—it will either rise or fall. Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

Well, how do you think personal savings should be invested, then? Personally, I would invest all my savings in Bitcoin, especially right now that BTC's price is rising consistently week after week, as we are close to the next halving which is expected to happen in April. It's an once in a lifetime opportunity which shouldn't be wasted by anyone. I'm fully confident on this bull run and I wouldn't bother risking everything on it, even because I'm not aware of another investments which have the same profit potential of Bitcoin, while delivering similar reputation and security levels.

I would only change my stance on this matter if I had a considerable portfolio to purchase an interesting property, house, apartment or piece of land. But without enough funds to do so, Bitcoin remains as the best investment alternative for small and medium size investors.

Moreover, since OP is on the beginning of his professional life, the risk for him to invest in BTC isn't the same of a retired elder investing his life savings on it, which took decades to be achieved. What means there can't be margin for mistakes anymore at this point of life.

[Blitzboy]

Having an interest in bitcoin and wanting to invest in it can, in my opinion, be a wise decision, as the cryptocurrency has seen tremendous growth in recent years. On the other hand, I don't think it's a smart idea to invest your savings in order to purchase bitcoin. I believe that you should keep the money from investments and savings separate because, given the volatility of the market, we can never predict what will happen in the long run—it will either rise or fall. Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

Well, how do you think personal savings should be invested, then? Personally, I would invest all my savings in Bitcoin, especially right now that BTC's price is rising consistently week after week, as we are close to the next halving which is expected to happen in April. It's an once in a lifetime opportunity which shouldn't be wasted by anyone. I'm fully confident on this bull run and I wouldn't bother risking everything on it, even because I'm not aware of another investments which have the same profit potential of Bitcoin, while delivering similar reputation and security levels.

I would only change my stance on this matter if I had a considerable portfolio to purchase an interesting property, house, apartment or piece of land. But without enough funds to do so, Bitcoin remains as the best investment alternative for small and medium size investors.

Moreover, since OP is on the beginning of his professional life, the risk for him to invest in BTC isn't the same of a retired elder investing his life savings on it, which took decades to be achieved. What means there can't be margin for mistakes anymore at this point of life.

The appeal of Bitcoin's bull run is hard to resist. The profit is secondary to being part of a financial revolution. Please add pragmatism to our enthusiasm. Sustainable investment strategies are based on diversification. Bitcoin has proven great returns and is secure and trustworthy. Bitcoins are volatile, so be aware. I support Bitcoin, but not all at once.

Bitcoin complements small and medium investors' portfolios well. Think of it as balancing risk and reward. For young professionals, a measured Bitcoin allocation might offer a unique blend of growth potential and financial literacy learning curve.

[uneng]

The appeal of Bitcoin's bull run is hard to resist. The profit is secondary to being part of a financial revolution. Please add pragmatism to our enthusiasm. Sustainable investment strategies are based on diversification. Bitcoin has proven great returns and is secure and trustworthy. Bitcoins are volatile, so be aware. I support Bitcoin, but not all at once.

Bitcoin complements small and medium investors' portfolios well. Think of it as balancing risk and reward. For young professionals, a measured Bitcoin allocation might offer a unique blend of growth potential and financial literacy learning curve.

I could think about diversification if there were another interesting alternatives of investment available, but I don't know any. To put money at the bank to generate passive income, like most people do, doesn't sound a great idea, because the interest is low and inflation is overcoming income made on long run. Therefore, it's an unprofitable category of investment. Maybe investing in real estate assets could be a good option, but I lack knowledge to pick the right funds of investment on this field. In the end, to go all in Bitcoin seems the most reasonable thing to do at the current moment.

If I had more funds, however, I would invest in real estate to make passive income through renting properties.

[Zanab247]

On the other hand, I don't think it's a smart idea to invest your savings in order to purchase bitcoin.

To me, is a good idea to invest your savings in BTC but don't invest the savings in this bull run because, the price has increase to some stage that is causing some hodlers to start selling their BTC but if anyone can endure for the bear run to come before they can buy, it will make them to believe that BTC investment is very good.

Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

Making BTC investment only source of income is not good and it will not allow you to hodl for long, but if you have other sources of income plus BTC investment, it will give you some confident to take a risk to invest in BTC and hodl until the bull run that will satisfy you come before you can sell.

[2Pizza410000BTC]

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?

If you are experienced with Bitcoin and can afford the investment risk then you can certainly invest part of your income in Bitcoin. But if you had decided to invest since you learned about Bitcoin in 2019, you might have accumulated a large amount of Bitcoin by now. However, since you have missed it and are trying to re-learn from the present, then you continue from here and don't miss it. If you can continue to invest some part of your income using DCA method then after long time your investment will grow and you can earn a lot of money from it. But keep in mind that the investment holding wallet should be kept very safe so that no one can steal the wallet seed phase somehow.

[Humblevirus]

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?

Over the history of Bitcoin, Bitcoin has definitely proven to be a potentially profitable investment. But because Bitcoin is inherently volatile, one should proceed with caution when thinking about putting their savings in it. Investors face a great deal of risk due to the unpredictability of Bitcoin's price changes, as the value might grow or fall quickly. Because of this volatility, it would not be a good idea to rely entirely on Bitcoin as a savings vehicle, especially in light of the necessity of having access to cash quickly in case of emergency.

It is crucial for students to have stable finances and easy access to money in case of unforeseen needs. It is therefore not advised to invest all of your savings in Bitcoin. A wiser course of action would be to diversify your savings, putting some in Bitcoin and keeping the rest in cash reserves or more reliable investments. By using this approach, people can take part in Bitcoin's future growth while reducing the risk brought on by its volatility.

Moreover, a periodic investment strategy for example, splitting savings into two halves and using one to buy Bitcoin on a regular basis while holding onto the other as a safety net may be a prudent course of action for individuals who are already deeply engaged in Bitcoin. This preserves financial security for unforeseen expenses while permitting ongoing exposure to the potential gain of Bitcoin. Finally, people can potentially profit from Bitcoin's long-term development prospects and more skillfully navigate its volatility by taking a balanced approach to investing and keeping a diverse portfolio.

[TheUltraElite]

Having an interest in bitcoin and wanting to invest in it can, in my opinion, be a wise decision, as the cryptocurrency has seen tremendous growth in recent years.

Growth has been good indeed, but in terms of what shitprojects that altcoins have made the buzz regarding crypto has shifted from ICOs to defi then NFT and so on. I am therefore not inclined to say that the growth has been productive, but has happened. Bitcoin itself does not need much growth unless some critical problem arises.

Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

It is a financial asset and it should never be the only one in your portfolio. Traditionally stocks, real estate, commodities, metals should also be there and probably are there too. A part of the monthly income can be allocated to bitcoin. That volume can be withheld during times of bull market - such as the one happening now and used during the bear market.

[JollyGood]

Take a look at the manner in which the OP is posting, he posts once in the hope of getting merits then gives up and does not want to re-post in the same thread again: https://bitcointalk.org/index.php?action=profile;u=3550524;sa=showPosts

As soon as I read the OP, I thought it was an alt-account being operated by a particular member from the Bengali local community. Looking through his history, he did make a post in the Bengali community. Still, it is not concrete but the hunch is there.

[lizarder]

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?

There is nothing wrong because anyone can get involved in investing in Bitcoin, but they must understand how to do it correctly so as not to be trapped by losses resulting from the mistakes they make. You can adjust your money for investment activities and don't need to deposit all the money you have for investment because you are worried that you will have difficulty making ends meet. Invest the amount of money you have responsibly and do this consistently and correctly.

If you don't intend to accumulate one-time purchases with the money you have, then use the DCA pattern to maximize, so you can set a balance between income, expenses and the amount of investment you want to apply. If you run the DCA pattern on a scale with consistent duration, you will see that assets will continue to increase slowly.

[martinex]

Should I invest my savings in Bitcoin?

I think this should be done before BTC's rise like now and even if someone does, I personally think it's a bit too late but it's not something to worry about because BTC has a lot of potential of course and BTC has already proven what you want. what friends say has been proven and is not just a discussion. BTC is certainly an investment opportunity. The decision is in your hands now and BTC Halving is very close from now

[Popkon6]

Should I invest my savings in Bitcoin?

I think this should be done before BTC's rise like now and even if someone does, I personally think it's a bit too late but it's not something to worry about because BTC has a lot of potential of course and BTC has already proven what you want. what friends say has been proven and is not just a discussion. BTC is certainly an investment opportunity. The decision is in your hands now and BTC Halving is very close from now

There is no set time when it is best to invest in Bitcoin. It is only a matter of time when you want to invest in Bitcoin depending on your ability. If you invest in Bitcoin then it will definitely increase, as the halving will take place in March 2024. A big bull run awaits all of us investors right after that, 2025, when Bitcoin prices peak. Rest assured that the more you invest in Bitcoin, the more benefits you will reap.

[Mate2237]

We have seen students that here foe investing in bitcoin some of them have invested big amount while some re just starting so it is not a new thing for us again. And from the way I am looking at it it is not wise enough for student to invest in bitcoin because they might not focus in their studies mostly in the year one of the school but if it is in the final year then it is good to start the investment because at that time you are almost done with the school. Those who really want to do well in their academic activities always focus on their studies and come out with flying colors.

But those who went there for money and not to study at the end became spammers and shit writers in the community so op focus on your study before you invest or look for money.

[leonair]

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 constantly creating such false stories to gain merit. But remember you can never grow by lying. you have posted similar stories before and now you are doing the same thing again. this is a form of spamming.
Close them or else the account will be tagged. Do you think merit sources are stupid? And they do not remember the previous forums post?

[Z_MBFM]

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

Nice catch. Not only this op, there are many merit farmers in this forum who target merit sources and post various types of fake stories. i have already assumed several stories to be fake. i feel that if such stories are not given merit then many brides will go to the extent of making such fake stories. I have tagged it as a spammer.I think it's fair to him that he deserves it. Although it is a natural feedback

[kawetsriyanto]

Having an interest in bitcoin and wanting to invest in it can, in my opinion, be a wise decision, as the cryptocurrency has seen tremendous growth in recent years. On the other hand, I don't think it's a smart idea to invest your savings in order to purchase bitcoin. I believe that you should keep the money from investments and savings separate because, given the volatility of the market, we can never predict what will happen in the long run—it will either rise or fall. Instead of giving it everything we have and considering bitcoin to be our main source of income, we should just consider it to be one of our financial assets.

Bitcoin has grown rapidly since it was created by Satoshi. The huge growth isn't only in the last few years, we have already seen huge growth in every bullish season. Just check the price history related to bullish season.

If people are interested to invest in Bitcoin, surely it is a wise decision. Why we must wait for investing in Bitcoin if we can invest now? It is the right time to invest in Bitcoin because we are in the beginning of bullish season. However, we must always remember to use the money that we afford to lose it! We don't use the money for saving, don't use the money for daily expanses, and don't use the money for urgent needs. There should be a special allocation for investment.

Actually, the Bitcoin investment doesn't fully unpredictable, we don't gamble with Bitcoin. It is clear that we have 4 years cycle for bearish-bullish season. We just need to follow it and adjust the target according to the time for bearish and bullish. However, there is something that we can't really predict, it is about how far the Bitcoin price to rise or drop. In this matter, we need to have the ability to analyze the potential change in Bitcoin price in the future, both through technical analysis and fundamental analysis.

[rodskee]

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?

Seriously ? you are asking this that if you need to invest in bitcoin having so much story of bitcoin from 2019-2022?
you are just creating a thread that gives conflict to your own decision because the way I see it you already know what to do
but you are just denying that reality .
Buy Bitcoin from your savings actually if you done that after posting this? then you already earning 50% of your deposit.
so better decide now or deny what you could have done forever.