Quote from: Barikui1 on Today at 08:23:52 AM

Quote from: reefsea on February 08, 2025, 10:16:53 PM

Quote from: bitzizzix on February 08, 2025, 08:14:21 PM

Of course a good job with a big salary or at least minimum wage is a must for young people. Because it can support what they want including investing. So it is very important for young people in their brain development period to learn and improve their skills in order to easily get a job because currently skills are one of the most important things to make it easier for them to get a job and so that their future is well directed and having a permanent job and a good salary will make them able to realize their desires especially to save and also invest and also other desires for a better future.

And in my opinion if young people who are still in school if they have to save and also invest it is difficult and not as easy as what is said, because their finances are limited and they also have to focus on learning and developing their skills so that after graduating there are results that support them if they want to save and also invest from the results of the work they get because education is also an important investment so that after graduating or in the future the education obtained can generate money and the money can be saved and also invested. And if both of his children are still in school, then he must save or invest where the money is obtained, while the money given by his parents is only enough for school fees, and besides that, in investing there will be risks and it also involves psychologists and this will interfere with his studies.

For young people who are 18 years old, of course they can start investing with $10 regularly or this is savings for their future. By the age of 30 they have been investing 12 years in bitcoin if they start at the age of 18. it is a good step for parents to educate their children to save or invest in bitcoin.

I think many young people are currently earning big incomes from social media, they are good at making money through Youtube, tiktok and so on. So side income when you are still young can of course be used to invest in bitcoin.

If they are able to manage their finances well from a young age, of course their future will be better compared to them splurging by buying luxury goods.

I understand that it's very important to start your investment journey very early, at a young age which is an added advantage, but putting the exact amount they should be investing is what I didn't find ideal, because everyone don't have the same financial capacity, the way $10 might be very little for you, might be a very huge amount of money for some young lads out there, the best thing is for them to cut their coat according to their size, by investing what they can afford to do away with for a very long period of time, and we all know our level better than anyone else, so it's best to act according to our level financially.
But one thing am quite certain of is that if they can be very consistent in their accumulation, in ten years time or more, no matter how small they invest weekly or monthly, they would have accumulated a very good stash of Bitcoin if they are consistent in their accumulation.

Yes, it can be very good for their future, but one thing is very important, since they are minors/18 years old, $10 is a big amount for them, let's say they keep it regular, they are investing $10 weekly through DCA continuously.
In the first case, they keep it continuous for 8 months, 10 months, or a year. After a year, his total invested amount will be $520, now the main thing is that the price of Bitcoin is unpredictable, due to the volatility of Bitcoin, the price will decrease and increase again a lot.

Now after a year, the total invested amount of that boy is $520, at that time if the price of Bitcoin decreases, and his portfolio has less money than his invested amount, that is, out of $520, the price of Bitcoin decreases to $200 or $250, then that young man will be able to handle himself in that situation? Or will he still be able to believe in Bitcoin? And can he keep DCA continuously?
The chances of this are probably not very high, because $20 or $30 is a lot for a young person, now if he holds for a year and sees a loss of $200 or $250, will he still be able to sustain his holding?

But this is not the case for everyone, I only guessed the possibility, but yes if a young man, from a young age, regularly invests a certain amount of Bitcoin in DCA on a weekly basis and if it can be maintained consistently for the next 10 or 15 years, then in the future that man will get a very good financial portfolio, with which he can do a lot of great things.

But before that young man starts investing in Bitcoin, first of all he must know about Bitcoin, understand the volatility of Bitcoin, and know the future prospects of Bitcoin, never panic, Bitcoin fluctuations/volatility are a normal thing, not just investing, the investment must be managed properly, and of course he must believe in the long-term prospects and hold for the long term.
We all know that Bitcoin never guarantees profits, but the chances of profiting from it are at the highest level due to long-term holding, so if a young person starts investing in DCA from the age of 18 and keeps it uninterrupted for 12 to 15 years, he can definitely get something very good.