Have you invested more than you can afford to lose in Bitcoin? - page 3.

Torque

legendary

Activity: 3710

Merit: 5286

Quote from: UnDerDoG81 on September 12, 2014, 08:23:57 AM

I´ve invested 70% of my savings. I´ll sink with the ship, I don´t care. Without taking risks you never will have success.

Honestly, this. The bitcoin winners will be in this circle, while the rest of the "diversified investment crowd" will make some money but will be going "Damn, if only I had invested 5X more at the time....shit".

Remember, bitcoin gets 3x-5x orders of magnitude more expensive with each run up. So get it while it's cheap NOW.

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

I´ve invested 70% of my savings. I´ll sink with the ship, I don´t care. Without taking risks you never will have success.

gigEls

member

Activity: 66

Merit: 10

Definitely not. Losing all wouldn't change a thing. At least now.

bananaControl

sr. member

Activity: 322

Merit: 250

Decentralize All The Things!

I have cut all my expenses to the bones and put all the resulting spare money into bitcoins - I rarely eat meat and I literally haven't bought anything for myself other than food and bitcoins for a very long time now. I've also sold a lot of things that I never used anymore and put the money from that into bitcoins as well. These activities have resulted in a surprisingly large amount of wealth that I would never have imagined that I'd be able to accumulate.

So, no, I have not invested more money than I can afford to lose. It would not be fun for me if btc goes to zero, but I will not end up on the street or be in debt. On the other hand I have to gamble on this with a large enough bet that it can potentially change my life for the better. If you never do anything risky in life you'll never win either.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: cookmac on September 12, 2014, 05:44:30 AM

Quote from: podyx on September 12, 2014, 05:41:05 AM

probably and may eventually invest alot more soon Cool

If the potential gains are worth less than the potential losses you sir have made a mistake.

So wrong. You can't strike out looking, only swinging. Evaluating this way is overly simplistic. That is how people end up chasing bad risk, getting in trouble, and making the situation worse.

And, no, I have definitely not invested more than I can afford to lose.

cookmac

full member

Activity: 152

Merit: 100

Quote from: podyx on September 12, 2014, 05:41:05 AM

probably and may eventually invest alot more soon Cool

If the potential gains are worth less than the potential losses you sir have made a mistake.

podyx

legendary

Activity: 2338

Merit: 1035

probably and may eventually invest alot more soon Cool

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

Most people wouldn't know until they've actually lost them. For me, I can loose my bitcoin and still have no problem paying my bills, but it would still hurt a fair bit. Cheesy

cookmac

full member

Activity: 152

Merit: 100

Nope that is rule number one. I have earned most my Btc and not converted to usd. The only investment I lose is time

blatchcorn

sr. member

Activity: 952

Merit: 281

Self explanatory subject

Topic: Have you invested more than you can afford to lose in Bitcoin? - page 3. (Read 2441 times)