I am new to this forum. I have been on this forum for a few days and I registered. And after that I asked for help in Beginners & Help. Many people gave me many ideas and helped me regarding investment. Now I am willing to invest. But I have no source of stable income. I am still very young and I am studying. I will not be able to do any job along with my studies. I thought that I will invest some amount of money from my father.
Welcome to the forum, you should know Investing in Bitcoin can be exciting, but it's crucial to consider your financial situation and risks. Since you're a student without a stable income, it might be wise to focus on your studies first. If you're considering investing your father's money, ensure you have a clear understanding and agreement with him just in case .
As a newbie who doesn’t have source of income, and also a student who depends on the father for up keep money, The most important thing is to take care of the primary aim why you’re given this money which is for your study and up keep, you have to take care of your expenses and bill, it depends on how much that you’re given weekly or monthly, and if at the end of taking care of your bills and expenses you have a discretionary funds, I think you can start up your Bitcoin investment without the permission of anybody, You don’t even need agreement with your father, What is mostly important is to take care of your expenses, Then you can use your discretionary funds to invest by using the DCA methods, you don’t even need a reserve fund or emergency fund because you have your father serving the purpose of taking your responsibilities. You can be building your portfolio gradually.
With that situation its better to used his money on what he supposed to do with it since everything will be in worse situation if he use his educational funds just to invest on Bitcoin.
But it doesn't mean that he cannot invest on Bitcoin even if he is in that status since somehow there are many ways to earn online and he can use those money he could get to invest on Bitcoin.
Its just he need to find good side income gigs that can help him to earn money and with that for sure everything will be fine in his end.
Opportunities is not limited in one place now since there are lots of ways to earn money depends on the skills you've got and he actually don't need to use the money of his father since if he just learn how to work on his own for sure that every good things follow especially on his DCA plans with Bitcoin
A student needs a lot of time to study, though depending on his field of study, there are some courses that demands lot of your time and energy when it comes to academic demand, so sometimes a divided attention might slow your academic pace, however if the student finds the need to invest in Bitcoin and he feels he can maximize his potentials to concentrate on his academic pursuit and also have time for his investment then no problem.
In terms of funding and how a student can successfully start a Bitcoin investment given the fact that his parents are the ones footing his bills. I will take myself as an example, while my parents where sending me money to foot my bills in school, i still had other gigs that where bringing money to my pocket too, not much anyways but was enough for me as student then, I remember my uncle's and aunties too where at one time or the other sending some money, so i had some discretionary income I could use to start whatever investment i wanted no matter how little it is. If it was to be Bitcoin investment i wanted to start, i could DCA for a period of time that i know the discretionary income will take me and after then, I will take a pause pending when I will have funds again to continue little by little. So for some students that wants to invest in Bitcoin, there are ways they could go around it if they have the mindset to invest, when there is Will, there is a way they say.
Very correct, Spaceman 1000$, i agree with you, wanting to invest in Bitcoin as a student using your discretionary income its a bold step, and it takes only a determined and well focus student to achieve Bitcoin investment,as a student in as much as you are determined, you can achieve your aim depending on how you cut down your expenses and life style in school, when in school, you get money also from friends and well wishers, if you are able to safe all these extras, you will be a successful Bitcoin owners before graduation.
In the aspect of getting a job after graduation to manage your investment, you might be lucky while in the forum to have gotten signature or campaign jobs that you can use to grow your portfolio and having extra income to yourself, which it might not be necessary looking a job outside, but use your weekly income from signatures or campaigns to establish yourself and start investing and accumulating aggressively for a long term above your initial amount your are investing as a student until you reach your required quantity of Bitcoin that you need .
When you are determined you will definitely achieve your aim and purpose.
Anyone that doesn't have a paying job or business wouldn't have an income. If you don't have any income from your labor, you wouldn't have discretionary income. I feel that's better he take his academy seriously and if possible also take learning in this forum serious so that he can grow his account and join a signature campaign while still in school. This will help me continue piling up his weekly pay from signature campaign overtime till he graduates and get a job.
One shouldn't depend on signature campaign as a means to accumulate bitcoin because no signature campaign is guaranteed to last for a very long time. Sometimes, you are in a campaign and after a while the campany stops their promo here. I feel it's better to get a job and use forum as a side hustle. You can get a good job and use part of your discretionary income to invest into bitcoin in additional to that of your signature campaign pay.