Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
I_Anime
on 11/09/2024, 19:16:35 UTC
⭐ Merited by JayJuanGee (1)
I'm glad you pointed out how important it is for students not consider the option of using money meant for their tuition fees to invest in Bitcoin. It's very crucial to lay much emphasis on the importance of prioritizating essential expenses such as tuition fees because it falls under money they can't afford to lose. It may not be considered to be smart investing at all to use money meant for other important expenses to accumulate Bitcoin as it could put you on a very uncomfortable spot when the sudden need for that money arises, keeping one in a compromising state of considering to sell off their holding in order to foot that need, which very bad for investment. To avoid such scenarios,  it's very crucial to strike a balance between financial responsibilities and smart investing, because by doing this, they'll be building a very strong and solid foundation for their financial future.

Not just money they can't afford to lose is also money they can't hold for long , so anyone that go into Bitcoin with money they can hold for long is only in for short-term profits, which may be risky . Because they may not be able to hold for long so the chances of them selling in loss is Higher.

But due to the fact that the world is going digital each day, it has create opportunity for young students to be able to learn some skills online , which have help alot of students to start earning in their comfort zone without it affecting their studies. So such individual can actually start investing in Bitcoin with some portion of the money usually get from that skill, and he or she  may choose to focus his own personal earning in Bitcoin investment while his parents take care of his emergency funds.In that way he or she will be able to build a better investment for he or her self in a long run .

Than wasting money in some irrelevant things because now and days most young students can differentiate want from need , so they may start leaving a luxurious life style.