After graduating high school, I saw bitcoin on youtube. At that time, it was about 60,000 dollar.
I had some research about Bitcoin. I specially watched videos of Michael Saylor. For me, he sounded very logical.
I checked the price, and I could see that Bitcoin is up 45950334.26% since 2009. I thought I am very late to start invest to Bitcoin, but many people said it is early. So.. I am really confused. I receive about $100 a month from my dad. I am planning to use them to buy some bitcoin.
Please give me an advice to be successful Bitcoin investor in the future.
How about going to college? Maybe you will use your allowance to sustain your studies so if that’s the case, then I suggest to never invest in bitcoin for now but focus on your studies first so your attention won’t be diverted into bitcoin. But you can earn a portion of your allowance so you can invest in bitcoin in the future. Although it’s a good idea to invest at a young age, but I don’t think you’re capable enough to manage your losses if ever as that will surely affect your studies as well.
Bitcoin investment is actually for everyone. But if you want to expect positive and profitable outcome, I suggest you start investing when you already have your own source of income. That way, even if you decide to invest for long term, that will never be a problem as long as you invest only your spare money that you can afford to lose. And when it comes to long term hodling, chose to be patient always and have faith on your investment. No matter how unpredictable the price of bitcoin, that will not bother you at all since your trust is bigger than your fears.