Post
Topic
Board Bitcoin Discussion
Re: Investing in Bitcoin in Student Life
by
JayJuanGee
on 19/05/2023, 18:40:54 UTC
Bitcoin is, in fact, a long-term investment, so you have to accept the trade-off of losing or not.

That's not true.

I understand the point about making a commitment towards your investment into the future, but at the same time, you can adjust your position and your commitment at any time, and you can also choose the size of your investment in such a way that you are not necessarily putting all your eggs into one basket, even though maybe as a student, you might start your investment journey by "ONLY" investing in bitcoin because you do not have a lot of resources to invest into other things, but if you change your mind down the road or you decide that you want to invest into something else, then that is your decision to be made later down the road.

Personally, I tend to suggest that people try to consider their bitcoin investment as a 4-10 year or more investment timeline, but that does not mean that they do not have complete responsibility (discretion) to do whatever they like.. including changing their mind.. and surely that could be a mistake, but they are free to do that kind of a thing, if they believe that they might be better off to go into something else or to dedicate their value, time and energies in another direction.

If you are a lover with a large amount of assets and want to accumulate them, choosing bitcoin is a good thing. It may take a while, but it's definitely a profitable investment. If you have few assets in hand, choosing altcoins will be more reasonable than bitcoin

Fuck shitcoins.

If you believe that shitcoins are a substitute (or better than bitcoin), then you likely do not understand bitcoin sufficiently well.


because the price of altcoins can fluctuate very strongly. And choosing a good coin can be an opportunity to raise money. In addition, you also need to divide your investment capital into several parts to avoid risks and increase the chances of a good ROI.

You are talking about trading (and gambling) not investing... Sure, if you want to, you can trade and you can gamble with your money and your time.  That is a choice that anyone is free to make... it does not tend to be a good path forward in terms of building wealth, but sure, it is possible that some gambler/traders will either get lucky and/or develop the required skills to "make it big" even though it is probably way more likely to make it big to invest in bitcoin.. but hey.. do what you want.. if you like gambling and trading then go play with that to your pleasures.. even though it is not likely a good path for an overwhelming number of normies.. even though a lot of people are tempted to devolving their investment strategy into gambling and to believe that they are investing when they are in fact gambling.