I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 5.

Xester

hero member

Activity: 994

Merit: 544

Quote from: tanginamoo on February 24, 2018, 10:44:05 AM

Quote from: Shoesouse on February 23, 2018, 12:36:16 AM

What would your grandma do with more money at this age? She should spend it on her luxury now and spent the rest of her life enjoying those

I definitely agree with this statement. At her age she needs to unwind and enjoy herself with her own money. But I am not saying that you make a wrong decision in telling her to put her lifesavings in bitcoin. It is just that there is more pleasant option.

Well if the grandmother wants to invest then there ia nothing wrong with that. Besides he did not stated how old is her grandmother. But in case that she is on her dawn, then it might be appropriate if she will just enjoy her money. Nonetheless she wants to give some of her money as inheritance.

jvper

hero member

Activity: 966

Merit: 507

Quote from: mrcash02 on February 22, 2018, 05:54:45 PM

Quote from: wizmo on February 22, 2018, 05:48:08 PM

I hope this isn't true because investing all your life savings in a market which is very volatile that just stupidity. Most people here are buying bitcoins with their spare money or with savings they have. Bitcoin is a very good investment but currently it's still in early stages and some countries banned it already so I don't invest in it it with my life savings.

Yes, it's not advisable, but in this case I think it was a good shoot, as they bought when BTC was pricing $4200 and now BTC is at $10.000... More than 100% profit already made in about 5 months. If they have already sold the BTCs, his grandmother must be very happy at this time! Cheesy

Now it would be better to keep some BTCs invested and withdraw a good part of the profit, this way it's possible to reduce loss chances to zero, as ROI was already hit and any profit from now on it's just an extra...

His remorse was so gigantic that he decided to suicide after his grandma's loss of nearly 50% and after all these posts saying he was stupid to follow forum users advice. Then he was unable to see the price hitting $20k in December. What a pity!

This is only my guess.

KingOfWinterfell01

full member

Activity: 504

Merit: 100

Quote from: muenze on September 14, 2017, 02:21:09 PM

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

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

You best be not listening to people in the internet specially not in this forum. A lot of people are giving bad advices regarding proper bitcoin investment and giving away your grandma's life savings to bitcoins is very risky. But I do hope you guys became rich because bitcoins cost around $11,000 now.

tanginamoo

full member

Activity: 276

Merit: 100

Quote from: Shoesouse on February 23, 2018, 12:36:16 AM

What would your grandma do with more money at this age? She should spend it on her luxury now and spent the rest of her life enjoying those

I definitely agree with this statement. At her age she needs to unwind and enjoy herself with her own money. But I am not saying that you make a wrong decision in telling her to put her lifesavings in bitcoin. It is just that there is more pleasant option.

coinstalker23

full member

Activity: 310

Merit: 114

Quote from: muenze on September 14, 2017, 02:21:09 PM

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

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

You can clearly see that bitcoin is overtaking the social media hype because of its rapid growth of adaption and most of the people are seeing it as a chance to get out of poverty but I don't really think that bitcoin can help them. You can't always trust people on the internet on how you do or interact on your daily life. Dude, you are old enough just to think twice what's wrong and right Please don't be a fool to listen to somebody's advice. You are risking your grandmother's lifesaving money just for bitcoin.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Shoesouse on February 23, 2018, 12:36:16 AM

What would your grandma do with more money at this age? She should spend it on her luxury now and spent the rest of her life enjoying those

this is what I am thinking too right now. I think she needs to enjoy the rest of her life with her life savings money and not confuse or do something with her money. but if she really wants to make an investment in bitcoin, maybe she only need to use 25%-50% from all of her life savings money so she still could enjoy her life.

Shoesouse

jr. member

Activity: 164

Merit: 1

What would your grandma do with more money at this age? She should spend it on her luxury now and spent the rest of her life enjoying those

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: crazycatwoman03 on February 22, 2018, 06:46:11 PM

Quote from: mrcash02 on February 22, 2018, 05:54:45 PM

Quote from: wizmo on February 22, 2018, 05:48:08 PM

I hope this isn't true because investing all your life savings in a market which is very volatile that just stupidity. Most people here are buying bitcoins with their spare money or with savings they have. Bitcoin is a very good investment but currently it's still in early stages and some countries banned it already so I don't invest in it it with my life savings.

Yes, it's not advisable, but in this case I think it was a good shoot, as they bought when BTC was pricing $4200 and now BTC is at $10.000... More than 100% profit already made in about 5 months. If they have already sold the BTCs, his grandmother must be very happy at this time! Cheesy

Now it would be better to keep some BTCs invested and withdraw a good part of the profit, this way it's possible to reduce loss chances to zero, as ROI was already hit and any profit from now on it's just an extra...

It was indeed a good shot but I wonder what happened to them now? It was a silly and dangerous move to make because it was the life savings of his grandmother but good thing the price grows so there will be no one crying. I will also suggests to take what is originally invested or maybe more to sell and convert into fiat. It will still be better if grandma can see her life savings visually. It was a great risk after all. Anyways, putting the life savings of his grandma into investing is not a good move because he did it upon reading from this forum. Though it had been profitable but WHAT IF? Imagine the hardship and the sadness that will happen if it didn't work out.

Indeed. You touched an interesting point, "what if"? After the investment was made and the profit was made (more than 100%, wow!) it's easy to analyze the situation positively, but the inverse could have happened. So it's not an example to follow for other people that are reading about it now. The same volatility that pushes it up, pushes it down as well... So, for those who are thinking about doing the same, think better about it. Wink

PricelessBing

newbie

Activity: 71

Merit: 0

You shouldnt have believed everything said in the forum without having utilised your common sense. Now you can only pray.

crazycatwoman03

sr. member

Activity: 588

Merit: 250

Quote from: mrcash02 on February 22, 2018, 05:54:45 PM

Quote from: wizmo on February 22, 2018, 05:48:08 PM

I hope this isn't true because investing all your life savings in a market which is very volatile that just stupidity. Most people here are buying bitcoins with their spare money or with savings they have. Bitcoin is a very good investment but currently it's still in early stages and some countries banned it already so I don't invest in it it with my life savings.

Yes, it's not advisable, but in this case I think it was a good shoot, as they bought when BTC was pricing $4200 and now BTC is at $10.000... More than 100% profit already made in about 5 months. If they have already sold the BTCs, his grandmother must be very happy at this time! Cheesy

Now it would be better to keep some BTCs invested and withdraw a good part of the profit, this way it's possible to reduce loss chances to zero, as ROI was already hit and any profit from now on it's just an extra...

It was indeed a good shot but I wonder what happened to them now? It was a silly and dangerous move to make because it was the life savings of his grandmother but good thing the price grows so there will be no one crying. I will also suggests to take what is originally invested or maybe more to sell and convert into fiat. It will still be better if grandma can see her life savings visually. It was a great risk after all. Anyways, putting the life savings of his grandma into investing is not a good move because he did it upon reading from this forum. Though it had been profitable but WHAT IF? Imagine the hardship and the sadness that will happen if it didn't work out.

Quote from: XbladeX on February 22, 2018, 06:09:32 PM

Not that stupi if she have aready made that 2x return. IMO she should cash out becouse noone know what will be tomorow price .
Putting old people in crypto is rather risky behaviour .

For sure, the kid and his grandma's money result to a very big profit because of the growth in the bitcoin price. It was a big risk and not a good idea for risking the old woman's money. Old people needs money mostly for medication and emergency health issues so imagine how big the risk that child has put the money into.

f150

full member

Activity: 606

Merit: 108

what's on your mind, until his words like that? Before saying you should think first before issuing words like that. how others who read think you are stupid, his words like that.

allthebitandbobs

sr. member

Activity: 1162

Merit: 252

seem to have worked out this but man not a good idea

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: gentlemand on September 14, 2017, 02:25:02 PM

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.

Not that stupi if she have aready made that 2x return. IMO she should cash out becouse noone know what will be tomorow price .
Putting old people in crypto is rather risky behaviour .

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: wizmo on February 22, 2018, 05:48:08 PM

I hope this isn't true because investing all your life savings in a market which is very volatile that just stupidity. Most people here are buying bitcoins with their spare money or with savings they have. Bitcoin is a very good investment but currently it's still in early stages and some countries banned it already so I don't invest in it it with my life savings.

Yes, it's not advisable, but in this case I think it was a good shoot, as they bought when BTC was pricing $4200 and now BTC is at $10.000... More than 100% profit already made in about 5 months. If they have already sold the BTCs, his grandmother must be very happy at this time! Cheesy

Now it would be better to keep some BTCs invested and withdraw a good part of the profit, this way it's possible to reduce loss chances to zero, as ROI was already hit and any profit from now on it's just an extra...

rampage101

member

Activity: 182

Merit: 10

Most likely, she did it for you, because in order for her to make money with bitcoin, it will take some years. But Granny unfortunately is not eternal, old age... So you have to thank her and help her with bitcoins.

wizmo

sr. member

Activity: 658

Merit: 251

I hope this isn't true because investing all your life savings in a market which is very volatile that just stupidity. Most people here are buying bitcoins with their spare money or with savings they have. Bitcoin is a very good investment but currently it's still in early stages and some countries banned it already so I don't invest in it it with my life savings.

Udrujec

member

Activity: 308

Merit: 12

Your grandmother is very modern. But you know that bitcoin investments are quite nervous. Did you warn your grandmother about the risks?

daniweb

sr. member

Activity: 448

Merit: 250

My grandma always like to save money because she uses to say that you never now when the black (financially) days will come. I guess she would be a good bitcoin investor if she knew little about technology

torotot

newbie

Activity: 134

Merit: 0

It makes me lough that was the price of bitcoin before. How far bitcoin accomplished already. Now bitcoin rushing to the moon the price is increasing in incredible way of changing. Very lucky that your grandma believe you and invested. Now the price double when you bought bitcoin.

mOgliE

legendary

Activity: 1344

Merit: 1251

Hi,

I really hope this isn't true. Do you realize what "lifesavings" can represent? A whole life of savings, working and dealing with it on a daily basis!

So, I hope she will be able to make some profits out of it. But she should actually use it for her own needs. She should go on holidays, buy things that she wants... She has worked years and years, she deserves to enjoy now!

And YOU should be aware that investing in bitcoin is risky. You can make it for yourself, as long as you are aware of what you are doing!

Topic: I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 5. (Read 7440 times)