Post
Topic
Board Beginners & Help
Re: As an undergraduate, is it advisable to invest my trustfund in Bitcoin?
by
Jones Praise
on 12/08/2023, 18:28:15 UTC
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Is it a good idea if I use the money I've saved up from 3 years of my trust fund to buy Bitcoin?
 
To start with people should be made to understand that Bitcoin doesn't seems all easy and straight forward as they see it . Before investing in Bitcoin one supposed to hav acquired sufficient knowledge and ideas about it . like for instance there are specific times where investing is actually favourble .  Bitcoin is one of the biggest or possibly the biggest global digital currency which therefore makes it very volatile i.e the value flunctuates regularly.

So back to your question. Investing all your savings for 3 years on Bitcoin now is not really advisable to me . Being highly volatile you could lose massively or gain too . You can do this if you have something to fall back to do you won't lose the capital too . I would advise you invest a little first, observe and make sure it goes well . Then you can invest others subsequently

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