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.
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?
The first thing you should know in detail about what bitcoin is and also its history so that when you invest your money in bitcoin, you are not surprised when the price of bitcoin drops suddenly and sells losses because there are many novice investors who lose big when the price of bitcoin drops even though if I they are able to survive then there will be no losses they get. especially if you are still a student and usually students need a lot of money for studies, just do it slowly, read first about the risks and benefits of investing in bitcoin.