I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 17.

mk4

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Quote from: Roboabhishek on September 22, 2017, 11:47:27 AM

Quote from: Zarbout on September 22, 2017, 07:16:28 AM

I think it's stupid. Why involve your grandma in this stupid plan. She should be spending this money now.

lol yeah, she's old now and she doesn't have much time left to live and you are involving her into a dipshit plan of your curiosity.
What will she do with the profit she makes, If any?

Ooo good lord I got triggered real bad after reading OP's main post, whether or not this is real.

" I told my grandma to put all her lifesavings in Bitcoin because you guys said it will only go up." oh my fucking god.

WHY. THE. FUCK. WOULD. YOU. INVOLVE SOMEONE ELSE THAT DOESN'T KNOW ANYTHING ABOUT BITCOIN. I would call you stupid if you went all in with your money on bitcoin. But noooo, you did worse OP, you got a family member to invest in something she had no idea on. You should be spending that money making her remaining life meaningful, like going traveling or something. fuck me. I need to smoke and have a beer after reading this. seriously.

elpresidenteg23

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Quote from: muenze on September 14, 2017, 01:21:09 PM

because you guys said

hope u re kidding buddy, seriously i hope...

iv4n

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Quote from: bamboylee on September 22, 2017, 12:55:51 PM

It is good to invest in bitcoin but I think it is absurd to put all your life savings into it, not to mention it is your grandma's money. Just hope the price recovers soon so you can return your grandma's money back.

Do you really think that he invested his grandma lifesaving? He just saying that to create a little drama in his words, but that makes no difference did he invested grandma money or his, or he loaned the money from some sharks, he bought in wrong moment and now he needs to wait price rise to make some profit.
I think price will go to 7000 dollars before new years eve, so just patience and holding, nothing else can be done here. Now when he is in possession of bitcoins he should save them until price to go to 10000 dollars minimum, that will happen in next year, maybe at the end but that will happen and he will have double profit, he can give back to his grandma and to have for him.

bamboylee

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It is good to invest in bitcoin but I think it is absurd to put all your life savings into it, not to mention it is your grandma's money. Just hope the price recovers soon so you can return your grandma's money back.

EllaPonchik

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It's good that my grandma does not know about bitcoin. Otherwise, she would have to explain how to trade on the exchange Cheesy

Drizzlepistol

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with bitcoin price is 3k6 now hope she doesn't get a heart attack if you told her bitcoin price today

Dhaaaw

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Not trying to be mean or anything, but it was really stupid to suggest such a thing AND exepect result for a short term period, you gotta understand that bitcoin doesnt work overnight so you'll have to do some waiting maybe a month or two, and then you'll see some progress.I'll be thinking of you when the price goes over 4,5k $ OP.

2double0

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The first part, you asked your grandma to put her savings in Bitcoins because the community said, right?
You were stupid. Whenever investing into anything, it's you who is/will be completely responsible for whatever the decision taken, so you should never blame it upon us first of all. Secondly, keep calm and watch it tight because Bitcoin has always gained after these losses over time, so never take any more wrong decisions in panic. China played the games and dumped it and not us, so why blame us? Just hold it hard.

Roboabhishek

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Quote from: Zarbout on September 22, 2017, 07:16:28 AM

I think it's stupid. Why involve your grandma in this stupid plan. She should be spending this money now.

lol yeah, she's old now and she doesn't have much time left to live and you are involving her into a dipshit plan of your curiosity.
What will she do with the profit she makes, If any?

sampalokmix

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Quote from: unamis76 on September 14, 2017, 01:34:51 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.

KingCanuck5

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Quote from: muenze on September 14, 2017, 01:21:09 PM

it will only go up. She bought at $4200 Sad

How soon can we REALISTICALLY see $4200 again and upwards?

Even though long term I see bitcoin growing, using ALL savings is too risky.

Wicked17

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Quote from: muenze on September 14, 2017, 01:21:09 PM

it will only go up. She bought at $4200 Sad

How soon can we REALISTICALLY see $4200 again and upwards?

that was a bad ass decision you make. Dont rely anything posted here in forum. First of all, its not your money that is in risk and its your grandmother money. Have you told your grandma that there is also a risk of losing all her savings in just a short period of time? You should be responsible enough.

Zarbout

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I think it's stupid. Why involve your grandma in this stupid plan. She should be spending this money now.

muenze

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Quote from: Karpeles on September 20, 2017, 10:03:13 AM

Are you serious Huh

Bitcoin is about responsibility, so anyone that needs to "be told" how invest their money probably aren't mature enough for Bitcoin, at least in the current stage of development.

And how is she, or whoever is in custody of the funds, is protecting the investment? Aren't you using an exchange as wallet, are you?

We have split the 400 BTC (plus 200 BTC for her home) safely over a couple of bitcoin addresses where I hold the keys for her.

L

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This is why you shouldn't shill crypto to your friends and family, when their investment disappears they'll be made at you.

Crypto requires a certain type of person to be in.

Karpeles

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Are you serious Huh

Bitcoin is about responsibility, so anyone that needs to "be told" how invest their money probably aren't mature enough for Bitcoin, at least in the current stage of development.

And how is she, or whoever is in custody of the funds, is protecting the investment? Aren't you using an exchange as wallet, are you?

gabmen

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Quote from: muenze on September 14, 2017, 01:21:09 PM

it will only go up. She bought at $4200 Sad

How soon can we REALISTICALLY see $4200 again and upwards?

Seriously? Hopefully your grandma didn't listen to you. Though you have a chance to grow money, the risks that bitcoin entails are not for old people. Banks are safer for them to deposit money on

Prince8

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its 4k.. absolutely nothing to worry about

Maheshkumar_Hrangkhawl

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I guess she will be relieved now, as the prices have recovered to ~$4,000 per coin. That means that the unrealized losses are now down to 5%. If you want, you can pull out of this investment now, with minimal damage. But I'd advice you to stay put.

Dudeperfect

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I don't think that it is a good investment, especially if the person is not able to recover the loss if there is any. I am not against Bitcoin or investment in cryptocurrencies, In fact, I believe that Bitcoin will give good speculative gains in the future but still, I wouldn't invest my whole savings in it.

Diversification is the key to balancing the risk of the portfolio and since you have invested your whole savings in one option, especially having wild behaviour on the price chart, I am not impressed with it.

Topic: I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 17. (Read 7442 times)