Quote from: flyingcarpet on December 16, 2023, 09:26:27 PM

Quote from: Lidger on December 11, 2023, 06:07:59 PM

Happy to think that dad will sell 10 cows of his farm's choice to pay for my investment and on the other hand a little scared but I am ready to take the risk. Maybe tomorrow I will get the money from selling the cow and tomorrow or the day after tomorrow I will invest the whole money in Bitcoin. Although it is a big risk for me at first, I believe that I will get a good return on this investment.

Telling someone to sell their property and invest in Bitcoin is a risky decision. You are saying that you are taking the risk of investing in Bitcoin and you are aware of it. I hope you have considered all the possible risks.

I would say that investing in Bitcoin is the right choice, but you should do it with your own money. It's nice if someone from your family or your environment supports you to invest, but you have to be careful. There are risks in the market. I'm always in favor of investing our own money, even if it's a small amount of money.

Whatever we say, the decision is yours. You are the one taking the risk and maybe you will achieve your goal. We cannot know that.

It is not actually a good idea to invest money from others cause for sure they would expect you to profit as they will fund your investment, plus you will risk the trust that they gave you if you haven't met their expectation. That is why investing money that you afford to lose is much better, I mean with afford to lose is your own money, if you really want to invest then you would find ways to invest like finding a part-time job, freelancing, etc. Plus for me, it would lessen the pressure of eagerness to profit, cause you would only focus on the bright side of Bitcoin if that's the case, even if you told them the risk, for sure you would want to profit to return to them the favor. This could impact your decision-making about Bitcoin.