Post
Topic
Board Beginners & Help
Re: As an undergraduate, is it advisable to invest my trustfund in Bitcoin?
by
Issa56
on 11/08/2023, 20:46:33 UTC
Don’t expect to buy bitcoin today and become wealthy in the next six months or one year even. Bitcoin isn’t a get rich quick scheme. If it were, we would all be billionaires already. There is a lot of misinformation about bitcoin and scammers take advantage of this to deceive newbies and steal their money.
I think that's the first thing the op should know, bitcoin investment is not where you will make quick money, don't be deceived by the videos you see on YouTube which talk about how to easily make money with bitcoin investment, if you really want to make money from bitcoin investment then you have to be prepared to hold your bitcoin for a long time, if you are having the intention to hold for short time, then you might even be losing money, so the op should have it in mind that bitcoin investment requires patience, if you see anyone promising you quick profit, then the person is just deceiving you, or the person is just trying to scam you.