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Topic: I told my grandma to put all her lifesavings in Bitcoin because you guys said - page 9. (Read 7474 times)

newbie
Activity: 19
Merit: 0
I guess you're lucky, bitcoinis at 10k$ by the time I write this post. I do still think it was very stupid of you to convince your grandma to invest all of her savings. I hope you sold it at 20k$.

And please, how can you believe what's written on a website so easily?
member
Activity: 238
Merit: 10
I think it's good when you dedicate your relatives to the world of crypto-currency where bitcoin takes precedence, but you also need to immerse your grandmother's deep knowledge in this case, in order to not only say how much to invest and then to foolishly burn, and together analyze the market bitcoin and its price for the future
legendary
Activity: 1596
Merit: 1026
Your granny is still richer even though Bitcoin is down at the time of writing.
By summertime, she will be big pimping.  Can she drive a Ferrari?
full member
Activity: 336
Merit: 106
It is not advisable to put your money in one basket because no body knows if the price continue to rise or it will down. Better to build small buisness rather put all your money in a digital currency but of course you can invest that you can afford to loose.


#Datarius
full member
Activity: 756
Merit: 112
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?

This is so unwise. Bitcoin is a new technology and as for new technologies they need time to evolve and be stable. I just hope you can get back that money. May I ask what your grandma's telling you now?
full member
Activity: 294
Merit: 104
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?

Well what do you know? Your granny is still richer even though Bitcoin is down at the time of writing.
member
Activity: 146
Merit: 10
For me its not advisable to put all your grandma's savings cause nobody knows what will happen tomorrow. If your grandmothers doesn't have enough knowledge according to what bitcoin and trading she can failed. All her money will lost at all. But if she really want to invest much better to learn a lot regarding trading do search and ask for the right person on what will she do.
hero member
Activity: 910
Merit: 500
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?

Bitcoin is one thing that we can say really reels in and bring profits but, and that is a but we should not put all our eggs in one basket. Imagine if in an alternate reality or God forbid that bitcoin went into a downward spiral, the lifesavings of your grandmother would be wasted and its true we have all been saying a lot for the advantage of bitcoin but we still preach the cons of this
hero member
Activity: 2716
Merit: 904
I think this is stupid! putting your grandma lifesaving in bitcoin because it is was said by other people! what if you lose? then you blame this people who told you!

newbie
Activity: 42
Merit: 0
Why would you suggest anything that risky? All her lifesavings?? Seriously? This is so ridiculous.
member
Activity: 302
Merit: 10
Your grandmother is very clever and willing to get in touch with the newest thing in the world. I hope she is doing well!  Tongue
member
Activity: 107
Merit: 11
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?
I don't agree with you. Do you know that investing in bitcoin is risky? That's all your grandmother's assets. If bitcoin fails, she will lose everything, and who will pay for her living expenses.
The fact is if his grandmother spend her lifesaving on Bitcoin, it will be doubled at least if she's selling now and tripple if she sold in the last month. I'm sure that she will have a life insurance and that insurance will pay for her living expenses in case you're worried about it.
jr. member
Activity: 126
Merit: 5
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?
I don't agree with you. Do you know that investing in bitcoin is risky? That's all your grandmother's assets. If bitcoin fails, she will lose everything, and who will pay for her living expenses.
full member
Activity: 420
Merit: 110
I find it hard to believe that someone would give their grandparents such reckless advice, so I am not sure I believe your post, but if you actually did, shame on you for risking someone else's savings. How about next time you use your own?
First of all you should never invest more than you can afford to lose (you will see that phrase all over this forum), and also you should never put all your savings into only one type of investment .... diversification is key.
With all that said, if she kept her investment until December I am sure she was happy, and I hope she cashed out a good percentage to save elsewhere as well.
jr. member
Activity: 84
Merit: 2
You are just putting your money at a risk, you know the price of crypto are volatile and there is no right prediction on it. Before investing huge money please make a research and make your own prediction and analysis where does the bitcoin will growth again.
full member
Activity: 340
Merit: 100
Your poor grandmother now has doubled her money because you were so stupid to tell her to put all her lifesavings in Bitcoin. You should be ashamed of yourself.
full member
Activity: 518
Merit: 101
it will only go up. She bought at $4200 Sad
How soon can we REALISTICALLY see $4200 again and upwards?
Dude, this is just plain stupidity. Why would you actually follow people you don’t even know?! And you even dragged your granny into it without the assurance of profit. But looking at your post date, you invested at the start of Bitcoin’s (assuming you invested in Bitcoin) crazy hike. Now if you held on until November then I’m pretty sure you gained huge profit. Congratulations if that were the case. But the idea of diving into something crazy just because some anonymous stranger/s told you so is just being out of the smart zone...
member
Activity: 308
Merit: 10
if your grandma kept the btc until now than she is lucky and adores you, but now let her cash out take your commission and let her spend the money while she can 
member
Activity: 238
Merit: 15
Wait a few month and you will return your money and maybe make some profit)
newbie
Activity: 23
Merit: 0
Usually grand-mother do not care about money and will not live long enough to see in what there investment turned in, so even though I am an extreme Bitcoin believer, I would never have done this.
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