Topic: Anyone "all in" on bitcoin? - page 2. (Read 4742 times)

I agree that both penny stocks and bitcoin work the same way in the sense that they can have large returns.

But person needs years of experience to do penny stocks correctly, and none to do bitcoin. They work differently in that regard

I didn't say it's the same thing, but for all purposes mentioned above it works the same way.

Penny stocks and bitcoin can both have ridiculous returns, yes. But they are COMPLETELY different investments in almost every way besides that. If you are taking a calculated risk in a penny stock with a (relative-to-you) large investment, you would pretty much have to be a professional trader. There is no other way that you would accurately be able to calculate the risk.

Bitcoin does not require these years of experience or training. You don't have to pick the RIGHT bitcoin. There are alts, but I think we can agree that at least for now bitcoin is far and away the front runner.

Penny stocks /= bitcoin

always thought that´s the reason the troops went there first place 

Right, penny stocks do not exist.

Possibly the worst advice on this board. Nothing comes close to the potential to lose a lot either. It goes both ways.

I've seen you panic all over this board during every single semi-big movement. "WAT DO WATDO !!!11!!!???". You're just talking your book, because right now bitcoin is up a bit. Haven't seen any of those balls you're talking about with you.

It all depends on how much you have saved. If it's 5k, then it does not really make any sense to diversify, you might as well take an educated guess and buy in. and in BitChick family case, they did it around $150 iirc, so it was a wise decision even.

Of course, if you have a million, betting it all on bitcoin is not wise. But if all your savings fall under "money you can lose", why not risk them. Especially when the odds are strongly in your favor.

Don't diversify. There's nothing in the world that can get close to the potential returns of Bitcoin. And no this isn't gambling, it's called calculated risk taking. People with balls do it

I think I am gonna put in one of my "toys"

This is a once in a life time technological event, even if it is do or die something like this is very rare.

In 2004, I had $10,000 saved up and I had 2 choices. Invest all in to google at $90 per share or buy a brand new motorcycle.

I ended up buying the Motorcycle for $9,600 or so after taxes and other fees. Had I bought Google, I'd have a nice 100k+.
Motorcycle now is worth less than $3,500.

So now I am presented with another ground breaking opportunity in technology. Sell one of my "toys" and throw in 10-20k in and wait and see?
Or, watch as my toy depreciates and becomes worth less than 7k in 5 years time as it sits there in my garage...

+1 this sounds really irresponsible for someone with house/spouse/kid? Diversity.

Oh man I love people like you. Greed is strong in this one.

Let's just put everything on 31 black.
And then ofcourse repeat until all is lost.

http://www.youtube.com/watch?v=vcr6opqAFVU

Actually ~20% in but will go 50% when the price goes down

You can't kill an idea that's true. You sure as hell can slow it down though

I only keep what to pay my rent of course.
I have no interest in material things like house and cars. I can live on very few money.
I don't see why would I need a lot of FIAT.

I convert all my FIAT to cryptocurrency because I believe in the idea behind it. You cannot stop an idea.

Really, you have no money in a bank at all? How do you pay your bills. What if you need fiat money really fast? What if something catastrophic happens to the network and now you have absolutely nothing?

I'm all in for cryptocurrency.

Putting money in a bank is against my principles.

If I cash out one day I will take cash, silver and gold.

that would've been quite a headline though

When I got in, bitcoin was worth nothing, probably around 1% of my $5k net worth at the time. Now my holdings are worth like 60x my house, which was paid for by bitcoins. And I'm not selling any more...the house was a huge loss compared to holding and paying a mortgage.

I got in around October 2012, I spent about $5000 on mining hardware and about another $5000 since then. Around July of this year I started mining ALT's because the difficulty of BTC is becoming too high. With-in the past 2 months started trading the ALT's I have mined and feel like I'm doing pretty good. I'm holding almost 60 BTC.
Mining Bytecoin have been most profitable but the mature time is killing me (120 blocks)... I'm guessing this is why no one is mining it but its selling high and fast.
Think god for Poolwarz, before them there were not very many good ALT mining pools.

I've always been a reader, but recently I registered here because I want to start a forum/escrow service/ and maybe an all in one pool for all ATL coins.
This was before I noticed Poolwarz was created so the all in one pool ideal may not happen. I am a coder but Poolwarz is far better than what I had in mind.
I have thought about an exchange as well but I don't even know where to begin coding a site of that complexity by myself.

I have most of the coding on the forum done and about 70% of the escrow portion done. Although I have recently had another ideal on the escrow portion. I was thinking instead of an automated escrow, use people like your self to be part of a team that will be the middle man. Each team member will be bonded. If you are purchasing a product for 10 BTC the escrow team member will have a bond of 10 BTC held by the website. Doing it this way will allow people like your self make a percent of the escrow. Kinda like profit sharing. 1.5% for the escrow 1% to the team member and .5% to the website.

Anyway I have about $10000 invested and by 1/5/14 I will have 60 BTC. So I'm in the black by about $30000 as of today's exchange rates. I'm hoping BTC will be back up around $1000 soon and I figured I would cash out. Although I said the same thing before it was up around $1100 and never cashed out.. So I probably will stay in, but it is becoming harder to mine and I don't have as much time as I use to needed to focus on trading. My wife is bitching about the heat and noise created from the hardware and also me having my eye's glued to the screen 24/7.

My original goal was $100k then cash out but with difficulty too high, mining hardware too high and trading risk too high, I guess I really should cash out and buy my wife a fat ring to try and make up for the past year I have ignored her.

Not on a military base on a military network that monitors me more than the NSA monitors US citizens.