Post
Topic
Board Beginners & Help
Re: As an undergraduate, is it advisable to invest my trustfund in Bitcoin?
by
Rockstarguy
on 12/08/2023, 12:48:21 UTC

I talked to my classmate, and he said I could learn about it on my own because there's a lot of information out there. That's how I ended up finding this forum. So, here's what I want to know: Is it a good idea if I use the money I've saved up from 3 years of my trust fund to buy Bitcoin?
You don't need to rush to invest in bitcoin,  you need to understand that bitcoin doesn't make one rich or wealth,  you need to also understand that bitcoin is volatile and investing in Bitcoin you can only get good profit only if you can hodl it for a long time. Before investing in Bitcoin you need to be very sure if you are really ready to invest without panicking if the Market goes down and you need to be sure  that it won't be an investment that you need to depend on.  Investing in Bitcoin you need to get a source of income that you can always look to solve problems.  I'll advice you not to rush , first to get more knowledge about and check your self if you are financially stable to invest and  do not invest with amount you can't afford to lose.