Topic: I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 13. (Read 7474 times)
October 05, 2017, 08:52:53 PM
OK dude.... Now you are in 3% profit, after you did what we told you to do. Now it is time to payback the favors. You can make small donations to everyone active in this thread, to express your gratitude for the advice we had given you. That said, I expect you to hold on to the vast majority of your coins, at least until the 2 MB block size implementation in November.
October 05, 2017, 08:42:20 PM
it will only go up. She bought at $4200 
How soon can we REALISTICALLY see $4200 again and upwards?
Well putting all your money in BTC is kind of risky.How soon can we REALISTICALLY see $4200 again and upwards?
You should check the price fluctuations in short period and buy when the value is min.
See bitcoins are digital currency so your grandmother should and must know how to operate a wallet and actually use bitcoins.
Converting the whole I to BTC could be risky because the prices may seem always increasing but we never know what will happen in future.
I would have suggested to put like 50% of the savings instead of all in.
October 05, 2017, 02:09:36 PM
Okay if this really happen then you’re the rensponsible one for dragging your grandmother who should have enjoyed her savings in her old age casually and you drown her into greed, you are a very filial grandson.
Enjoy your life! YOLO!
Enjoy your life! YOLO!
October 03, 2017, 02:12:19 AM
I just cant believe my eyes you d*mn man
You put her entire life saving on something she does not really understand, the worst part is not even your money
Only invest any amount you are afford to lose guys and more importantly it should have been your own money
You put her entire life saving on something she does not really understand, the worst part is not even your money
Only invest any amount you are afford to lose guys and more importantly it should have been your own money
October 03, 2017, 01:16:32 AM
my father (80 years old) asked me about bitcoin but i wouldn't take responsibility to others money, especially family.. to earn from bitcoin you have to keep your eyes open and check it on a daily basis but good luck and finger crossed for us and your grandmother 
I'm the same, many people have asked me to buy Bitcoin for them, but I always say that if they don't know how to buy it themselves, they shouldn't buy it. I can give them advice on how to use Bitcoin, but I don't make claims on the future value or something like that.
I want no responsibility when someone loses his money.
You need to take care of her investment to have better profit. The only thing she can do is that she can give you money.
October 01, 2017, 03:07:36 AM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
Why would anyone do what other people say is beyond my understanding. Just because they said it will only go up doesn't mean it won't go down. This is bitcoin we're talking about and there can never be any guarantee that it will go up and never down. You should've learn and understand more before doing anything rather than blaming someone else for their words.
October 01, 2017, 03:01:14 AM
Bitcoin is rising and grandma will be happy.
September 30, 2017, 01:34:42 PM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
You have persuaded your grandmother to invest her money into one of the most volatile markets there is. I don't know if i should laugh or cry.
Believing what people here say is plain stupid. Why do you think that you can believe anything that anyone says here? Anyone can create an account and write whatever they want without any consequences. This being said, this does not imply that there are no valid opinions and true statements. You have to understand one thing: everybody here is saying what they think as a personal opinion. It's always like that. You should read the book The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb. It will open your eyes.
As for your options, you have two:
1. sell to minimize loss.
2. hold until price surpasses what you bought for.
My suggestion is - don't sell until price is above what you have bought. No one can tell you when this will happen. There is a slight possibility that this might never happen. So you have to gamble. But you have already gambled when you invested granny's money so, best of luck to you.
And here you go. Problem solved. Bitcoin is above 4200$ again. In this case you were lucky, hopefully you've learned your lesson. Just for the info - what do you plan to do now? Now you have a choice: you can return granny's money to usd and be thankful that everything ended up ok, or you can choose to be greedy and await further increase. What will you do?
September 30, 2017, 04:37:51 AM
Are you trolling? LOL
Fortunately for you (and your grandma), the bloodshed seems to halt for the moment! Always invest in what you can afford to lose only, definitely not yours or someone else life saving.
You did the right thing to save that cash for the near future when bitcoin will be declared as the global currency and will huge profit to the investor, it was one of the best choice you have made and you will never regret about it now just stay update to the market and sell on the highest point index so that you will secure more.Fortunately for you (and your grandma), the bloodshed seems to halt for the moment! Always invest in what you can afford to lose only, definitely not yours or someone else life saving.
September 29, 2017, 03:12:14 PM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
After looking at the timing in which this post was made and now, I realised it was just about 15 days interval in which a lot of things have happened and I think the most important thing we investors in bitcoin lack is patience because I don't think there is any investment one can do outside the crypto industry and expect it to turn out to be massive in a matter of days and not even years. I am sure if your Grandma would wait for a minimum of six months, she would be glorious for this kind of advice that was offered to her.
September 29, 2017, 02:28:55 PM
Regardless of what anyone says, the money is your grandmother's money so if she bought Bitcoin with it, it was her decision to do so. Nobody can guarantee anything regarding Bitcoin's price.
Well thats true people should not invest so much money without concrete and a well plan strategy if you are not surely can gain the expected or maybe higher amount from the money you invest. Dont give such money if you cannot afford to lose it.
September 29, 2017, 09:32:03 AM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
Even though long term I see bitcoin growing, using ALL savings is too risky.
September 29, 2017, 03:57:05 AM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
I was thinking how can she supply her medicine now if she invest all of her money? Now your parents will going to hunt you if bitcoin will not reach above $4,200. So my advice is you pray hard and keep the faith that bitcoin will reach $5000 this year as speculated or else your parent will skin you alive.
It seems that you gain the trust of your grandmother thinking that she invested here. Good job!
And I hope she also have some extra savings for her maintenance. And I can say your grandmother is cool because some of our elders are not into this and they prefer to save their money in the bank which only have a small interest unlike in investing in bitcoin. Hope my brother also realize this.
September 29, 2017, 03:43:58 AM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
I was thinking how can she supply her medicine now if she invest all of her money? Now your parents will going to hunt you if bitcoin will not reach above $4,200. So my advice is you pray hard and keep the faith that bitcoin will reach $5000 this year as speculated or else your parent will skin you alive.
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September 29, 2017, 03:32:48 AM
definately its a good decision
bitcoin will hit 50k usd within 4 year
bitcoin will hit 50k usd within 4 year
even if its increase, how his grandma will survive? did he buy something for his grandma? i hope that he can responsible for his grandma because he telling his grandma to invest all her lifesavings in bitcoin. i won't suggesting to any people to do the same like this and yes i know its good decision but its stupid to used all of her lifesavings.
September 29, 2017, 03:32:13 AM
it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?
How soon can we REALISTICALLY see $4200 again and upwards?
That's a very bold step but a very fast one, you could have brought it for her at dips say 2900$ then 3k and others. It has already touched 4200 and now it's down, but since it's only been few days, I would advise you to be patient cause it normally has a tendency to rise upwards, a slight setback is always expected. Which brings me to a point, putting entire money is always not a good idea, you could have put half or 3/4th, I would advise you to diversify the considering its your grandma Savings and she could require it, so would advise to redeem some when it touches a high in cash.
September 29, 2017, 03:27:36 AM
You were extremely stupid to believe anything written here. You were extremely stupid to suggest it to her. She was even more stupid to follow through on it.
That's if any of it actually happened of course.
That's if any of it actually happened of course.
It's indeed very stupid... It's strange that people think that bitcoins will always bring them profit, so they do stupid stuff like putting all money into bitcoins. Imo you should wait for price that's bit higher than when you bought them, so that you wouldn't lose anything, and just sell these coins. Don't risk her money.
September 29, 2017, 03:17:53 AM
I wouldn't do this or ask anyone to invest all of their loney into bitcoin especially elder citizen. Invest all your savings into bitcoin is so risky and their whole life savings can be gone in just a few minutes or hours if you invest it in a wrong timing. It's actually a dumb action tho.
September 29, 2017, 03:12:00 AM
I really hope you are just joking. At her age her risk tolerance is low, she shouldn't be investing in the most volatile asset
September 29, 2017, 03:09:56 AM
You were extremely stupid to believe anything written here. You were extremely stupid to suggest it to her. She was even more stupid to follow through on it.
That's if any of it actually happened of course.
That's if any of it actually happened of course.
Actually, the grandma was told to invest, which means she might not know much about bitcoin, but the person who told the mother to invest at such a high price is supposed to be the one to receive every insult.
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