Every choice you make has an opportunity cost, but opting to pay a university rather than purchasing bitcoin may end up costing you more money than you realize. Although some of them are more significant than others, there is one that I have seen far too many people fall for: getting a degree from a university rather than purchasing bitcoin. And before we move further in this guide, make sure to register yourself on the yuan pay group, if you want to know more about bitcoin trading.
It is very costly to attend a university nowadays, and it is pushed on children with such force that it is practically predatory. Most students do not have the financial means to pay for college, so they are encouraged to take on debt, which often has negative consequences. Degrees are not a guarantee of employment, and many young people find themselves unemployed, in debt, and with no clear direction in life.
With my own experience as a college dropout (and the support of my bitcoin friends who were also dropouts), I can safely state that collecting bitcoin and pursuing your interests is a much better use of your time and money than attending a traditional institution. Do you still not trust me? Let’s run some numbers through our heads.
Cost
Think about James Madison University in my home state, which I had originally intended to attend but ultimately decided against because of financial considerations. The expense of attending the institution for a bare minimum of four years would be more than $106,904 if the student attended full-time.
Following pricing by date, the bitcoin price was $6,537.74 on July 5, 2018, and the day pupils were required to begin paying their education expenses. Compared to the average person’s lifetime earnings, both the 4.08796951 and the 16.351828 BTC are astronomical sums of money. This kind of accumulation of a limited-supply item is an opportunity that comes around just once in a lifetime and one that is squandered by almost every young person.
Someone in their 20s or early twenties who owns bitcoin might theoretically sit on it for the rest of their lives and outperform most, if not all, of their peers who have earned a degree (or degrees) from a traditional institution. Starting a business with part of that bitcoin and developing a product or providing a service in the hopes of adding value to their society is also an option. Having extra money broadens your range of choices in life and provides you with the flexibility to pursue your interests. If you don’t want to start your adult life chained in debt with little money and no clear sense of direction, you should consider becoming a student loan debtor.
There are several options available to those who cannot afford the initial outlay, like attending college and using their student loans to purchase bitcoin, which allows you to finance this. A Zoomer called David on Bitcoin Twitter was able to collect more than two bitcoins while working part-time at a coffee shop throughout the last weak market, which lasted around two years. At the time of writing, it was valued at about 116,000 dollars. With his money, he purchased two bitcoins out of the total quantity of 21 million, putting him on pace to become one of the top one percenters of the world’s wealthiest people.
Education
I’ve been educating myself online and working in areas that interest me instead of attending a university. I am free to express myself and discover what I enjoy and don’t like about various professions in this environment. In a university, you study about a variety of possible professions, but you won’t know whether it’s right for you until you try it out for yourself – something that many students don’t do, preferring instead just to get their degree and then ask questions afterward. I’ve spoken to many individuals who obtained a degree for a job they ended up hating and wish they had never done it in the first place. But I’ve never heard of anybody expressing remorse over having earned bitcoin and being dissatisfied with the outcomes that followed.
Taking Everything into Consideration
According to the Bitcoin Foundation, accumulating bitcoin while following your life’s interests is a more productive use of time than paying to attend a university. Consequently, you will avoid incurring any bad debt and save money that will change your life. Once you have received this life-changing sum of money, you will be able to tackle any obstacle straight on and achieve your full potential.
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