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legendary

Activity: 1652

Merit: 1016

Quote from: noob2001 on November 12, 2013, 06:30:24 PM

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

How did you manage to do that?

wobber

legendary

Activity: 1064

Merit: 1001

By the way, I hope you keep them in a wallet across multiple SD cards! Not in Goxx

Ivanhoe

hero member

Activity: 841

Merit: 1000

I think you made a good decision. You did research on it and dare to take some risk. Impressive for someone for someone of your age. 12 BTC is an amount that could make you very rich if Bitcoin is really gonna take off. Wise of you to don't trade and just buy and hold. Although maybe you find it intresting to observe the market behavior and learn from some guys here? I hope you do because it can be very usefull for you in the future. Welcome to Bitcoin!

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: windjc on November 12, 2013, 06:35:12 PM

Quote from: noob2001 on November 12, 2013, 06:30:24 PM

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

No lecture here. I am bullish and have invested a considerable amount in BTC.

However, no one can tell you if you did good (well). In life, you just have to find out.

You seemed to have trusted your instincts and I think trusting your instincts is the way to go, but that's just my opinion.

Also you are willing to risk. Which means you are willing to learn. Even if it turns out to be a mistake or the wrong choice.

Welcome to bitcoin land though. Hope you enjoy the ride.

By "hope you enjoy the ride" he means, "Hold on for dear life and don't listen to anyone here". :-)

Missionary

full member

Activity: 224

Merit: 100

In the long run it may very well have been a good investment. I would recommend any (adult) friend to consider buying right now.

Since you are a minor, lectures are not optional:

[lecture]
You should have convinced your parents instead of doing it behind their backs. Would I have been your dad, I would have been mad and proud at the same time. These kinds of decisions are for adults. Period.
[/lecture]

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

I'd be curious how being 13 you were able to withdraw from your bank account and buy the bitcoins. I think you will probably be fine, but still- depending on how you GOT them, you might have a lot of explaining to do when you try to cash them out eventually.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: noob2001 on November 12, 2013, 06:30:24 PM

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

No lecture here. I am bullish and have invested a considerable amount in BTC.

However, no one can tell you if you did good (well). In life, you just have to find out.

You seemed to have trusted your instincts and I think trusting your instincts is the way to go, but that's just my opinion.

Also you are willing to risk. Which means you are willing to learn. Even if it turns out to be a mistake or the wrong choice.

Welcome to bitcoin land though. Hope you enjoy the ride.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: noob2001 on November 12, 2013, 06:30:24 PM

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

The wise also learn from lectures.

Also, are your parents in on this or are you hiding it from them? (Hiding stuff usually turns out bad no matter how good it is.)

But yeah, kid, I think that you have an 80%-90% chance of having $120,000 or more in a couple years from the approximately $4200 you invested. Of course, there's a 10%-20% chance that you could lose the $4200, but that seems less likely every day.

wobber

legendary

Activity: 1064

Merit: 1001

Pretty strong balls. Hold them.

noob2001

jr. member

Activity: 51

Merit: 502

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