Post
Topic
Board Beginners & Help
Re: As an undergraduate, is it advisable to invest my trustfund in Bitcoin?
by
lalabotax
on 11/08/2023, 21:29:57 UTC
I'm a student still studying, and I've been putting away some money from my trust fund over the last 3 years. Because money doesn't seem to buy as much as before in my country and maybe even everywhere, I'm thinking about what to do with my savings. I've been hearing about this thing called cryptocurrency and Bitcoin. People say you can buy Bitcoin and become really wealthy. Even one of my classmates told me the same thing.
Don't immediately believe and have high hopes that cryptocurrency can make you rich. indeed, many people have proven that Bitcoin can make you financially and have a better and even richer life. But it all takes a process. And even investing in Bitcoin won't necessarily increase your money several times. There is a process that can be considered difficult in it. Especially if you are not ready to experience and face various market conditions that might drop badly. So pay attention to your previous understanding that Bitcoin can make you rich. Make sure you really understand Bitcoin first, about how it works, and about what a good investment is for the long term. you need long-term investment and a strong mentality to make the value of your money increase in Bitcoin later. but don't panic sell when the market suddenly drops.