Post
Topic
Board Beginners & Help
Re: As an undergraduate, is it advisable to invest my trustfund in Bitcoin?
by
Smartvirus
on 16/08/2023, 21:45:27 UTC
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?
I'll stress on it, it's important to know that this accumulated funds over the course of 3 years isn't the trust fund itself but, the much you've gathered through conscious awareness and adjustments to save up. That's  a good thing you've archived and for one that could put something out for that long a time, you could as well find luck with hodling bitcoin.

Just a fee clarifications though;
Bitcoin/cryptocurrency ain't a thing but, a commodity on the Web and exists on blockchains.
It's also worthy of note that, cryptocurrency is bitcoin and bitcoin is cryptocurrency (they both go together).

Now, cryptocurrency isn't a get rich quick scheme although, that is possible but, it could as well reduce your account or portfolio to a point zero. Sink that in and be aware it isn't all rossy but, the sad stories are not happily shared.

Buying and hodling on a long term base might aid you in your journey but, be sure to hodl on a non custodial wallet and learn the pros and cons to maintaining privacy or security of your hodlings.