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.

Quote from: JayJuanGee on Today at 05:25:21 PM

It's best to know bitcoin first, but sure people can do whatever they want. I recommend focusing on bitcoin, and then after you figure out bitcoin, then maybe venture into crap.. if that's what you want to do... but hey, so many people venture into crap, and they really don't even know what bitcoin is.

Bitcoin is already risky.. and if it happens to be your only investment or if you have a pretty low budget, then you likely would not be in a position to really diversify or to dilute the amount that you are investing.. so in the case of OP and anyone who might ONLY have $10 per month or even less than $100 per week, then they likely do not have enough value to diversify until they reach a certain level of investment (which is, of course, discretionarily determined by each person regarding how much of any investment they might need (or prefer) before they start to diversify.. whether that is $5k, $10k, $50k or some other amount.. .. so newbie investors do not necessarily need to spend time learning about other possible assets or investments besides bitcoin.. and again.. they can do what they like, even if it is dumb and even if it results in gambling rather than investing and also potentially wasting a lot of time, energy and money fucking around with shitcoins.

On the other hand, if someone has some actual knowledge about some investment that they can make, besides bitcoin, then surely that is on them in terms of the extent to which they believe that it is worth their time, money and energies to put value in that whether it is long term or some kind of pump and dump situation.. which brings them back to problems with trying to trade.. rather than actual investing.. and I cannot think of any shitcoin that would be worth investing into.. but if you actually learn about bitcoin and somewhere along the way you figure out some shitcoin that might be worth investing into.. rather than pumping and dumping or trading into it, then that would also be a discretionary determine that anyone could make .. and perhaps they might have some small chance of actually being correct, rather than mostly (if not exclusively) focusing on figuring out (and employing and continuing to learn and improve) their bitcoin strategy, first.

Quote from: TheGhostMan on July 11, 2023, 07:36:28 PM

Quote from: JayJuanGee on May 19, 2023, 04:27:22 PM

Personally, I do consider school and education to be a good thing, and sometimes there can be quite a lot of legitimacy that is obtained from receiving a traditional education (certification and/or diploma), even though surely people can learn in a variety of ways and sometimes the money spent on traditional education might not have been worth it in terms of whether a student might be ready to learn or able to learn or even some of the skills that can be learning how to learn that can come through a variety of ways that may well have quite a bit of individual variance - and some of us might not realize until later in life if we might have had made a mistake in terms of some choices that we make earlier on (in terms of our chosen path and some of them are somewhat age dependent) that we are not able to go back and have any "do-overs."

I think it would be a smart strategy for study periods, whether in college or even in high school (I would apply more in college since high school is a bit complex to get money), since many of us have faced complex and stressful economic situations in those times of study or at least I speak for myself and a few people. If I had discovered this world during my college years, it would have saved me a lot of stress. I firmly believe that before a student ventures to invest in Bitcoin, it is essential that he acquires a deep understanding of this cryptocurrency. Investigating its operation, evaluating its present and future potential, and considering other relevant factors are prudent actions when making financial decisions.

To get promising results when investing in Bitcoin requires a great deal of patience and trust. Although the early creators of this cryptocurrency reaped great benefits, its potential remains fruitful, albeit possibly at a more gradual pace. It is evident that more and more people are becoming aware of the inherent instability of fiat currencies compared to Bitcoin. Rising inflation in most countries provides an incentive to invest in a currency that is known to be on the rise. This reduces the risk of loss and preserves wealth in the long term.

I want to share this news that I just found and that relates very well to the current discussion. It is not only a simple informative news, but it is a true example of life. I invite you to read it and share your opinions about it. To begin, I want to share a phrase from the protagonist of the story, Gerardo Morán...

Quote

Gerardo Morán, instructor of My First Bitcoin.

“We now proudly educate people in the western region of El Salvador. This job has given me opportunities I never thought possible. It allows me to work, continue my studies and meet people while passing on this knowledge to students not much younger than me”.
To give you a brief summary, this news item tells us about the individual Gerardo Morán, an 18-year-old Salvadoran youth, he is an inspiring example. Since he was 11 years old, he has worked as a day laborer, facing great challenges including insufficient wages and the depreciation of the currency in his country. However, this was not an impediment to overcome, so he decided to embark on a new path. Through his learning about Bitcoin and his experience with the NGO Mi primer Bitcoin (a tour that covered 23 municipalities in El Salvador was carried out during the first months of the year), he managed to overcome the stigmas and obstacles associated with cryptocurrencies... in his country, to the point that he is now a Bitcoin instructor due to his hard work and success. Without a doubt, I can say that this story is a reminder of the value of education, being a powerful tool to transform mentality and overcome anxieties related to the unknown. Finally, I think that in the context of student life, it is too similar because, as you can see, it is a clear example that investing in Bitcoin can offer students a valuable opportunity to learn and understand cryptocurrencies with the aim of They may face economic difficulties, or simply have better financial stability.
fountain: https://www.criptonoticias.com/educacion/como-pase-trabajar-mucho-ganar-poco-cambiar-vida-bitcoin/.