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Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: wobber on November 23, 2013, 01:26:13 AM

Quote from: fallinglantern on November 22, 2013, 09:32:44 PM

Now that your average entry price of $350 per BTC has been eclipsed and the price is now at $800, I urge you to cash out your base investment and put it back in your college fund. I suspect your parents will be much happier to know that you haven't squandered their cash, but just borrowed it to make a smart investment.

Yes, good advice. They might not be able to understand bitcoin as you did so cash out and keep the rest. Don't be fooled by the recent price inflation. It can go down.

+1. Put the base investment back and only play with what you can afford to lose. And don't wait much to do this.

slikes

newbie

Activity: 32

Merit: 0

It makes sense that most people posting on bitcointalk would support someone's choice to buy BTC, but I think that a thirteen year old spending money he didn't earn on them is a different story. When I was thirteen, my parents scarcely trusted me to make a $200 purchase. Grabbing a couple grand out of college savings seems unfair to your parents, if it's somehow legal.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: wobber on November 23, 2013, 01:26:13 AM

Quote from: fallinglantern on November 22, 2013, 09:32:44 PM

Now that your average entry price of $350 per BTC has been eclipsed and the price is now at $800, I urge you to cash out your base investment and put it back in your college fund. I suspect your parents will be much happier to know that you haven't squandered their cash, but just borrowed it to make a smart investment.

Yes, good advice. They might not be able to understand bitcoin as you did so cash out and keep the rest. Don't be fooled by the recent price inflation. It can go down.

+1
Now you have enough fund by yourself, it's not proper any more to put your parents' fund at risk.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: fallinglantern on November 22, 2013, 09:32:44 PM

Now that your average entry price of $350 per BTC has been eclipsed and the price is now at $800, I urge you to cash out your base investment and put it back in your college fund. I suspect your parents will be much happier to know that you haven't squandered their cash, but just borrowed it to make a smart investment.

Yes, good advice. They might not be able to understand bitcoin as you did so cash out and keep the rest. Don't be fooled by the recent price inflation. It can go down.

Sindelar1938

hero member

Activity: 490

Merit: 500

Nice job, kid

Your parents will likely pressure you to take profits early...

Stay strong

fallinglantern

sr. member

Activity: 260

Merit: 251

Now that your average entry price of $350 per BTC has been eclipsed and the price is now at $800, I urge you to cash out your base investment and put it back in your college fund. I suspect your parents will be much happier to know that you haven't squandered their cash, but just borrowed it to make a smart investment.

thetopham

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

To be honest, I'm 12-13 too(born in 2001) and I can say that I invested in Bitcoin, not by buying but by mining. My slush account says I've mined a total of 0.94 BTC and that was well spent(on some stuff, VPSs, domains etc) except for the last 0.02 BTC which I'm holding on to like it's life or death. I never thought that it would reach this price in such a short time frame and I regret it. I can't even mine now. Anyways, if my calculations are correct, I'll be at least able to double my bitcoins just after the bubble pop which is more than enough considering it would be about 24-30 USD at this price. I now actually believe in Bitcoin. It would be nice to invest in it while it was a cent though Sad

I hear ya, hindsight isn't nice.

I've had a 5970 graphics card since 2010 and it broke in 2011, I looked up some repairs for it and came across bitcoin and ignored it... If I was mining instead of playing games I'd be a millionaire.

noob2001

jr. member

Activity: 51

Merit: 502

Quote from: xybersurfer on November 16, 2013, 07:19:52 PM

i hope you didn't put the majority of your funds in bitcoin and that it's a relatively small amount of your funds. never invest what you can't afford to lose.

its ok. i believe in satoshi nakamoto and bitcoin. it will succeed.

tearfereon

full member

Activity: 138

Merit: 100

Quote from: noob2001 on November 18, 2013, 09:54:33 AM

when bitcoin hits $10,000 in the next couple of years, i may cash out 0.5 to cover the initial deposit,
and put that money towards my further education.

When bitcoin hits $10,000, you may instead spend 0.5 directly buying the stuff you need with BTC. I guess there will be much more merchants than now, even the biggest ones

chrsjrcj

full member

Activity: 280

Merit: 102

Quote from: noob2001 on November 18, 2013, 09:54:33 AM

i'm not phased by the price surge, and i'm prepared for the coming correction.

when bitcoin hits $10,000 in the next couple of years, i may cash out 0.5 to cover the initial deposit,
and put that money towards my further education.

i have no reason to sell or trade. i will hold indefinately. i love bitcoin.

Good luck.

im3w1l

sr. member

Activity: 280

Merit: 250

Quote from: noob2001 on November 18, 2013, 09:54:33 AM

if bitcoin hits $10,000 in the next couple of years, i may cash out 0.5 to cover the initial deposit,
and put that money towards my further education.

Ftfy

noob2001

jr. member

Activity: 51

Merit: 502

my average entry is about $350. so i'm up already. Grin

but i'm trying to not watch the chart too much.

log2exp

full member

Activity: 180

Merit: 117

Glad to see young kid like you already found a way of investing. Definitely hold them and put into good use in your college years. Hope you one day become a young entrepreneur realizing your ideas while still studying in the college.

r3c4ll

member

Activity: 100

Merit: 10

I think you are a very intelligent kid! Hope everything go well. Welcome to the Bitcoin community Wink

vokain

legendary

Activity: 1834

Merit: 1019

^

we're all in this together. What if noob could be a positive influence and example to his friends that he might go to college with? His perspective on life is valuable and many people might need him as an example. You can't measure those network effects, life is not all about you

noob2001

jr. member

Activity: 51

Merit: 502

Quote from: Rupture on November 15, 2013, 09:11:06 PM

Why did your oarents give you access to that fund??

Its my savings account in my name, so legally its my money. The reason was so I could cash cheques from my grandparents. The savings account sucked due to the weak interest rate.

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Hey noob2001!

Kudos for being what appears to be either a very smart kid or a very convincing troll

Seems like you understand Bitcoin and its potential so just follow the advice you're getting here: BUY and HOLD. Solid advice. Maybe think about cashing out something to cover initial investment in case you want to come clean to your parents, but that's really up to you.

I just came here to warn you from this advice:

Quote from: ?? on ??

....And for the record... time on college is the best time of your life, expecilly if you will have lot of money to spend (and I'm saying that for European colleges, I suppose in USA is even better) Grin

And do some international exchange programs too (cuz you will have enough money)... Just my opinion.

Quote from: vokain on November 12, 2013, 09:37:10 PM

Go to college...

...you'll meet the greatest people ever, people who'll be there for you the rest of your life if you let them. At the same time you will learn a lot about yourself and what you could be doing to be an Agent of the Singularity one day Wink

Quote from: BitThink on November 12, 2013, 09:58:23 PM

... college (not a primary school or a high school) is definitely not a prison. He can learn what he really wants to learn. Besides there's nowhere else can one meet so many peers and make real friends.

Quote from: ?? on ??

For the large majority of people, college is a very valuable experience. The social aspect is huge, you will never really have a social experience quite like that anywhere else.

What do these posts have in common? They are all saying that college is valuable because of the social connections you make there. It's true that you get to know a lot of people and you can have a good time there. But guess what? Attending college is not the only way to make connections and have fun

Think about it. When you choose a college, lots of things are predetermined for you - where you're going to be, what you're going to learn and which people you're going to meet. Do you want to spend what lots of people refer to as their "most fun years" like that?

Go travel or work in a couple of jobs so you can travel. Be free. You'll learn all you need to know that way. And remember:

Quote from: Mike Christ on November 12, 2013, 08:11:46 PM

Quote from: noob2001 on November 12, 2013, 08:10:03 PM

i've learnt more from youtube, and reading than i have at school.

This is more important than you probably realize. Remember this when you're about to drop the bucks to attend a fancy college.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: David M on November 17, 2013, 04:02:57 PM

Quote from: adamstgBit on November 17, 2013, 03:59:29 PM

no tell your parents, and then sell them half Wink

LOL.

My eldest son is 12 and if he pulled this shit on me I would be pissed.

that's too bad, parents should encourage their kids :/

David M

sr. member

Activity: 476

Merit: 250

Quote from: adamstgBit on November 17, 2013, 03:59:29 PM

no tell your parents, and then sell them half Wink

LOL.

My eldest son is 12 and if he pulled this shit on me I would be pissed.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: David M on November 17, 2013, 03:58:43 PM

Quote from: Anon136 on November 17, 2013, 03:52:31 PM

the moment you double your money sell half your coins and put the money back in the account. then you will have 6 bitcoins and your parents will never be the wiser Grin

+1. Do this, then tell your parents about it.

no tell your parents, and then sell them half Wink

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