Quote from: Silikiem on Today at 09:38:02 AM

Quote from: Loyang on April 29, 2025, 01:04:47 AM

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.

but I will suggest you start anyway because it’s the best opportunity for you considering that you’re a bit younger and also a student, so by the time you’re done schooling you might have been able to stack up some huge funds in your bitcoin investment where you won’t find it difficult to earn after your college.

How do you mean by you won't find it difficult to earn after your college?are you indirectly saying that bitcoin is a stable source of getting money just as it is when we are working in a company? If it is what You think, i think you must be very much mistaken. You know I was actually expecting you to say something else instead of given him such advice, perhaps you don't even know the background he's coming from. You don't know if his parent have a stable source of getting money or they're into this side hustling which we are not always 100% sure of getting money from those side hustle all the time, take for instance that his parents is into this side hustling did you think it will be wise if he invest with his left over after he must have sort out his school bills When he already knew that His parents did not have a stable source of getting money? This are the things you need to consider before giving such advice. For me I will suggest he keep those extra money as emergency fund should incase of anything, he shouldn't be in a hurry to invest, so far as he's still young. Is not compulsory that he must utilize the opportunity even when he is not financially stable, we should know that bitcoin investment is quite different from every other crypto investment which is why we don't need to be in a hurry, because the profit don't always come within a short term. So if you don't plan yourself very well there's no way you can be able to HODL your bitcoin in the long run without being tempted, so to avoid distraction or regret i will advice you focus on your studies since it is the major reason why your parents have been sending you money.

Quote from: Silikiem on Today at 09:38:02 AM

so you have nothing to worry about as far as you have the money given is enough to cover for your college tuition first, then the remaining amount left should be put into your bitcoin investment rather than you saying that you want to save it in the bank.

You need to be mindful with the advice you give to people especially student in that Matter, because with the way you're being so optimistic about this bitcoin investment those student that does not understand things very well can decide to prioritize thier bitcoin investment over their studies, probably when they send them money for thier School bills and others, instead of using the money for the main purpose They will only choose to use some portion to pay for thier School bills and then use the remaining money to invest in bitcoin, just so that they can be able to grow thier bitcoin portfolio within a short period. after some time they will still request for more money from thier parents, and if his parents discover that he is no longer using the money as he's supposed to, at this point he might decide not to send him money as he used to. In a situation like this how did you expect him to cope with his bitcoin investment and his studies? So the best idea is just for him to finish his studies first before looking into bitcoin, so that his attention will not be divided.