Quote from: kelechi on Today at 04:22:47 PM

Always need to diversify your portfolio

That's not true.

If a person (like OP) is ONLY investing $10 per month, then how would you recommend that person to diversify?

Quote from: rby on Today at 05:18:28 PM

Op, I applaud you because it takes determination to be able to invest in bitcoin even when it is illegal in your country. If you can open some conversation with your fellow students, you may be surprised that they already know other ways to earn bitcoin. You have to earn well before you can invest something substantial that will bring huge profit in the future. No matter how unfriendly it might sound, $10 worth of investment monthly might not make a big difference.

That's why many of us know that it could take years and years and years to build an investment portfolio, and a student might not have a lot of extra capital (or cashflow) but s/he can start to develop good habits by investing, and something like bitcoin allows a person to invest very small amounts.

I agree with you that $10 per month is NOT a lot, but a person should not be over-extending himself/herself, so they have to work with the budget that they have.. and $10 per month for the last 9 years would have gotten you close to 1 whole bitcoin with a total investment amount of $1,080, and probably now days it would be better to invest $100 per week rather than $10 per month... and it is likely that someone who is a student will improve his/her income in the years after graduation.

Quote from: rby on Today at 05:18:28 PM

Quote from: Bd officer on May 07, 2023, 01:53:59 AM

According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

Don't take this prediction to heart. Many of this type of prediction failed in the past, it will likely fail again. It is correct that bitcoin will reach 100k and even exceed but we actually don't know when it will be.

Yes, $100k could happen in the next 6 months or the next 6 years or it might take more than 10 years.. even though taking more than 10 years seem quite unlikely and there seem to be pretty decent chances that we will see somewhere between $100k and $1million in the coming 4 years, even if it may not happen by 2025 as OP is narrowed in on such a time frame (even though his time frame, is not really unrealistic, even though we know it is not guaranteed, it is not unreasonable in terms of both price and how long that it might take to get there).

Quote from: Renampun on Today at 07:46:34 PM

Quote from: Bd officer on May 07, 2023, 01:53:59 AM

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

if your country bans bitcoin, but the world doesn't ban bitcoin, you can still comfortably store bitcoin safely and securely in your personal wallet.

The world cannot ban bitcoin. That ship has sailed. It is too late to ban bitcoin world-wide, even if a bunch of BIG and POWERFUL governments are able to "agree" and "get together" to ban bitcoin, bitcoin is going to continue to exist, even if it might end up having to exist underground, and many countries have also already figured out that it is not very practical to even attempt to ban bitcoin in any kind of direct way without potentially suffering a lot of backlash - even if a lot of governments are likely going to continue to try to be hostile against bitcoin in various ways. they are likely not going to be able to coordinate and/or to get people to cooperate in terms of going along with that level of financial repression and control.. even though surely there are a lot of government leaders who would prefer that bitcoin did not exist, and they would prefer that the internet did not exist, too.. and good luck with that....

Quote from: Renampun on Today at 07:46:34 PM

in my country investment in bitcoin and altcoins is increasing rapidly even many young investors are switching to cryptocurrencies.

Fuck shitcoins.

We're talking about bitcoin here... why do we need to get distracted into talking about nonsense?

Quote from: Renampun on Today at 07:46:34 PM

nothing can stop people from investing in bitcoin because indeed bitcoin is a much more profitable investment than investing in a bank. maybe the fear that bitcoin will die in the future will still exist but believe me as long as there are still some people buying bitcoin, then bitcoin will not die.

I cannot disagree with any of those points.

Quote from: bhadz on Today at 07:55:20 PM

Quote from: AnonBitCoiner on Today at 07:52:46 PM

Whether you are using little or more amount but you save your money and initiate the way of success through bitcoin is appreciable and I hope you will make good profit through bitcoin investment. You will achieve huge profit in coming year if you have still bitcoin in your wallet because the price will go more and more up.

The practice that he's doing for being consistent will help him reach that goal of being successful as a bitcoin investor. Tons of stories have been there that proves DCA is the key and it's not regarding the status of the person who does it. Whether you're a student or an employed or unemployed person but with savings, it's always worth it for those who are trying and risking it. But those that don't, they may have no loss at all but for sure, they also have no gain.

For sure, I agree that DCA investment can pay off quite stupendously, yet if someone is investing $10 per month into bitcoin, it could still take them 30 to 40 years to reach some kind of a meaningful level of investment.. even though I had already shown the example above that investing $10 per month starting 9 years ago would have gotten a person to nearly 1 bitcoin currently, and surely 1 bitcoin is likely going to be a decent amount of value in the coming 5-20 years, so such a person will likely not need to invest more than $10 per month into bitcoin if s/he had started investing in bitcoin 9 years ago.

On the other hand, if a person is starting to invest into bitcoin right now, I would think that it would be better to be more aggressive than $10 per month, and perhaps $100 per week would be a good target, but a student might not be able to invest that much and surely with $10 per month, OP might well be investing as aggressively as he is able to during these times that he is a student.

Quote from: Adams0001 on Today at 09:38:10 PM

Quote from: Bd officer on May 07, 2023, 01:53:59 AM

A friend suggested Bitcoin to me about 1 year ago. I have been trying to learn the history of Bitcoin ever since. How to earn from Bitcoin, I learned that investing will make profit or loss. Success can never be achieved without risk. Then I became interested in investing in Bitcoin. My family is a very poor family. I am studying now and earning BDT 7000 per month from tuition, BDT 3000 I spend on running my household. BDT 3000 is my monthly expenses and I save BDT 1000, I save around BDT 10000 in a year and invest in Bitcoin. I will hold the investment for a long time. According to many researchers, we will soon see a bull market. Bitcoin will be over $100K in 2025

But the main thing is that bitcoin is still illegal in our country, I invested bitcoin very carefully.

Lately I think it is better to invest in bitcoins than depositing money in the bank. Day by day people have lost trust in banks. It is heard that many banks are going bankrupt and closing down.

You can save money at bank for shot time, but BTC investment is long time investment you lose or earn, You should only invest money that you can afford to lose.

Your country may prohibit centralized exchanges, but it may not interfere with decentralized exchanges.
Local Bitcoins, a decentralized P2P exchange, allows users to purchase and sell cryptocurrencies from local dealers in their area.Local Bitcoins is a global decentralized exchange. You only need to open an account and hunt for a reliable vendor to purchase BTC in your local currency.
Purchasing BTC on Local Bitcoins is safe and secure

Local bitcoins shut down in February of this year.

See their notice/website:

https://localbitcoins.com/service_closure/#:~:text=Thank%20you%20for%20being%20a,you%20over%20the%20last%20decade.&text=After%202023%2D02%2D17%20LocalBitcoins,be%20available%20at%20this%20point.