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Topic: . - page 4. (Read 13598 times)

sr. member
Activity: 476
Merit: 250
November 17, 2013, 03:58:43 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. 
hero member
Activity: 784
Merit: 1000
November 17, 2013, 03:57:18 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

That's actually a good plan if you don't want your parents finding out.
legendary
Activity: 1722
Merit: 1217
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
legendary
Activity: 2632
Merit: 1023
November 17, 2013, 02:31:02 AM
its probably going back to $150, just don't sell, hold for 5 years and they will be 50 - 100K by then
member
Activity: 104
Merit: 10
November 17, 2013, 01:43:58 AM
Quote
Further, you should know that some of the most important things in life are: learning how to have healthy relationships (not being deceitful for ex), hard work, humility, and decentness as a human being. These are the things that will make your life awesome. And, YES, travel helps one broaden quite a bit as a person.

+1 good advice

You've got balls kid. Pretty good decision IMO, despite being on the risky side. General advice is not to invest more than you can afford to lose. However, you've clearly done your research and seem a lot more informed than a lot of people that post on here.
jr. member
Activity: 51
Merit: 502
November 15, 2013, 05:44:27 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
Well if M2 gets sucked into Bitcoin you are holding about 250 million dollars.

Btw as skilled as you seem to be, did you know these days you can get good degrees from good universities online, cheaper and/or for free..

Why you guys keep feeding this kid so much bullishitness? It's a good investment, but don't tell him he will be some Bill Gates.

At most I'd say he can have 25,000 USD out of this. AT MOST. Still good.

$2,000 a bitcoin??
its going much higher than that Roll Eyes

now who is on drugs?

certainly not me.

$2k is only 500% away

but whatever. you're obviously a troll.
member
Activity: 61
Merit: 10
November 17, 2013, 12:12:32 AM
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.

That's the wrong attitude. As much as all of us would love to see BTC succeed we have to face the fact that it might not.

Although scared money don't make money  Wink. I think you made the right choice, just don't be disappointed if it fails.

Cryptocurrency is the future, that much is obvious.
jr. member
Activity: 51
Merit: 502
November 15, 2013, 05:24:46 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
Well if M2 gets sucked into Bitcoin you are holding about 250 million dollars.

Btw as skilled as you seem to be, did you know these days you can get good degrees from good universities online, cheaper and/or for free..

Why you guys keep feeding this kid so much bullishitness? It's a good investment, but don't tell him he will be some Bill Gates.

At most I'd say he can have 25,000 USD out of this. AT MOST. Still good.

$2,000 a bitcoin??
its going much higher than that Roll Eyes
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
November 16, 2013, 10:38:02 PM
You should sell soon
Don't troll the kid.

Kid: hold, minimum 2 years.
full member
Activity: 182
Merit: 100
November 16, 2013, 09:21:26 PM
You should sell soon
full member
Activity: 123
Merit: 100
November 16, 2013, 07:49:56 PM
my average entry is about $350. so i'm up already.  Grin
but i'm trying to not watch the chart too much.

Forget about bitcoin for a couple of years Smiley


Or sell as much to break-even, and keep the remaining 10% or so coins. This is conservative strategy Smiley
member
Activity: 72
Merit: 10
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.
hero member
Activity: 574
Merit: 523
November 16, 2013, 01:52:50 PM
my average entry is about $350. so i'm up already.  Grin
but i'm trying to not watch the chart too much.

Forget about bitcoin for a couple of years Smiley
newbie
Activity: 5
Merit: 0
November 16, 2013, 01:04:02 PM
Bitcoin is Fiat in its purest sense, be prepared
full member
Activity: 126
Merit: 100
November 16, 2013, 12:38:16 PM
Hello Young Sir, (assuming you're no troll, i.e. you're story is 'real')

There are so many things that could be said to you and many have been said. So I'll be as brief as possible.

I think your move is very smart, but perhaps not wise. Not conferring with your parents on this move may end up making that relationship quite difficult, in, at least, a few moments. However, you seem to see the 'light' when it comes to understanding the potential value for the BTC protocol, which is why you're here. You've done some research (enough? I don't know), and to an impressive degree for a 'kid'. So, you should realize that you'll need to reckon with this disingenuousness at some point.  Huh

Further, you should know that some of the most important things in life are: learning how to have healthy relationships (not being deceitful for ex), hard work, humility, and decentness as a human being. These are the things that will make your life awesome. And, YES, travel helps one broaden quite a bit as a person.

I'd like to advise you to consider learning computer science, and continuing your interest in either internet security, back end/front end/full stack development, data science, cryptography or one of many of the other great areas around the Bitcoin world, which you clearly have interest in. That way, by 15 or 16 or 17 or 18, you should be able to command a very healthy income for your work (and age), which should easily pay for your travel! See what I'm doing there? Leave the small amount of Bitcoins out of the conversation and ensure that you can get what you have your heart set on!! Take your life into your own hands further than just making a smart bet! Become a young person OF value, and you will have all the riches you desire.

I'm speaking from example, by the way. I may be quite a bit older, but I'm changing my career right now-- I'm learning Ruby! The best three careers in the country (US) have typically been: doctor, lawyer and engineer. These days there are a glut of lawyers, and doctors are getting hammered by work hours and exorbitant insurance costs. That leaves one awesome opportunity, if you like it and if you're technically minded.  Grin Technology has found its way into almost every other industry. Imagine in 10, 20, 30, 50 years...

Best of luck, and keep us posted, PLEASE.  Smiley

P.S. What did you buy in at?
jr. member
Activity: 51
Merit: 502
November 15, 2013, 04:52:06 PM
buy and hold is the only way for me.  Grin

Have fun holding the bag kid.

have fun holding dollars a digital representation of colored paper.
FTFY

ha thanks!
full member
Activity: 182
Merit: 100
November 15, 2013, 09:11:06 PM
Why did your oarents give you access to that fund??
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
November 15, 2013, 06:52:07 PM
please reassure me i've done good?

jr. member
Activity: 51
Merit: 502
November 15, 2013, 04:44:22 PM
buy and hold is the only way for me.  Grin

Have fun holding the bag kid.

have fun holding dollars.
hero member
Activity: 840
Merit: 1000
November 15, 2013, 06:48:05 PM
I would've waited to buy in on a dip, or just bought 5 BTC now and waited a week or so to see what happens before buying the rest, but hey it's your money. As long as you plan on holding long-term I think you'll be good.
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