The biggest risk to bitcoin comes from the US government, which may criminalize and ban it. In fact I am pretty sure they will do that once it gets into their radar.
I'm not too worried about that one, because even if it is illegal, the underground efforts will still keep it afloat. Is downloading music and movies using torrents illegal? absolutely! is it still around? its stronger than ever! 
Topic: I'm ALL in! - page 3. (Read 11076 times)
The biggest risk to bitcoin comes from the US government, which may criminalize and ban it. In fact I am pretty sure they will do that once it gets into their radar.
Good on you Sir. I too am contemplating to quit everything and dedicate all my time to bitcoin.
I'd like to know how well you do in Casinos. Remember there's a fine line between risk and reward.
You may call bitcoin a gamble, but I call it a long term investment into an amazing idea. When someone comes up to you and explains an amazing idea that they are working on, and then later they bring you all the development plans and projections, you cannot help but to start feel confidant about it. Sure there may be risks, but you research the risk and determine that the risks are worth it. I consider this an investment into an amazing project, and all that I am putting into it is to show my confidence in what is taking place here!
This is called pot odds.
Long term investments into amazing ideas are also gambles. You've got to remember that some amazing ideas look good early but fall flat on it's face in the real world. I'm not saying bitcoin will meet the same fate, it's just that there's a chance it could. Hence, the gambling risk.
I like the excitement and I'm not imploring you to do this or that, just be cautious.
As I stated before, I believe I understand the risks, and I'm willing to take them even if there a is a chance of being burnt. For all we know, the dollar could crash and burn tomorrow as well, and in fact, it IS crashing and burning as we speak (It's just at a fairly slow pace right now)
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Bitcoin IS the future, END of story.
Bitcoin IS the future, END of story.
Bitcoin is exciting, thank you for sharing your energy.
Great to see people just as committed as oneself. Bitcoin needs people who believe in the system, help its development as good as they can and not panic-sell at the first indication of a price drop because they're just in for a quick buck!
I bet you don't have a wife or kids. Maybe not even a girlfriend to support. My finance would kill me if I went all into bitcoins. You are in a good spot...good luck to you!
Possible Freudian? If so it's a good one I only see bitcoin going up, even with any corrections. I believe that it will eventually stabilize once it is mainstream and is widely accepted. Might as well well keep my money there if it's going to grow and stabilize.
I'd like to know how well you do in Casinos. Remember there's a fine line between risk and reward.
You may call bitcoin a gamble, but I call it a long term investment into an amazing idea. When someone comes up to you and explains an amazing idea that they are working on, and then later they bring you all the development plans and projections, you cannot help but to start feel confidant about it. Sure there may be risks, but you research the risk and determine that the risks are worth it. I consider this an investment into an amazing project, and all that I am putting into it is to show my confidence in what is taking place here!
This is called pot odds.
Long term investments into amazing ideas are also gambles. You've got to remember that some amazing ideas look good early but fall flat on it's face in the real world. I'm not saying bitcoin will meet the same fate, it's just that there's a chance it could. Hence, the gambling risk.
I like the excitement and I'm not imploring you to do this or that, just be cautious.
Great to see people just as committed as oneself. Bitcoin needs people who believe in the system, help its development as good as they can and not panic-sell at the first indication of a price drop because they're just in for a quick buck!
I bet you don't have a wife or kids. Maybe not even a girlfriend to support. My finance would kill me if I went all into bitcoins. You are in a good spot...good luck to you!
Possible Freudian? If so it's a good one I bet you don't have a wife or kids. Maybe not even a girlfriend to support. My finance would kill me if I went all into bitcoins. You are in a good spot...good luck to you!
I do not have a wife and kids, and never will. But I do have a gf and I convinced her to put a portion of her savings into it as well.
I bet you don't have a wife or kids. Maybe not even a girlfriend to support. My finance would kill me if I went all into bitcoins. You are in a good spot...good luck to you!
lol. Freudian slip.
I'd like to know how well you do in Casinos. Remember there's a fine line between risk and reward.
You may call bitcoin a gamble, but I call it a long term investment into an amazing idea. When someone comes up to you and explains an amazing idea that they are working on, and then later they bring you all the development plans and projections, you cannot help but to start feel confidant about it. Sure there may be risks, but you research the risk and determine that the risks are worth it. I consider this an investment into an amazing project, and all that I am putting into it is to show my confidence in what is taking place here!
I bet you don't have a wife or kids. Maybe not even a girlfriend to support. My finance would kill me if I went all into bitcoins. You are in a good spot...good luck to you!
The best advice I've seen is: Don't invest more than you can afford to completely lose.
I always have a tough time calculating how much I really can afford to lose.
I might get diagnosed with cancer tomorrow and then I might need every penny of my savings. When I think about it that way, even $100 seems to much to invest in Bitcoin.
On the other hand, if I lose $10,000 on Bitcoin, perhaps I won't be able to afford a few luxuries for a few months. Not that big of a deal.
I second the gold/silver suggestion. I'm slowly diversifying into Bitcoin, but I am keeping the bulk of my savings in precious metals, as well as a solid store of dry foods.
Bitcoin IS revolutionary and I am also very optimistic about its future, but it doesn't yet have the millennia-long history of being a store of value that gold and silver do.
Best of luck!
Bitcoin IS revolutionary and I am also very optimistic about its future, but it doesn't yet have the millennia-long history of being a store of value that gold and silver do.
Best of luck!
Be careful, you'll still have to pay food/etc.
Also, I would keep a relative small amount of your savings in dollars for the case that bitcoins plummet... so you can buy cheap a lot of them!
Also, I would keep a relative small amount of your savings in dollars for the case that bitcoins plummet... so you can buy cheap a lot of them!
That's not a bad idea, but I feel relatively confidant that there wont be any major price fall due to bitcoin's current growth (in terms of more and more people learning about bitcoin and using it).
I'd like to know how well you do in Casinos. Remember there's a fine line between risk and reward.
I like your enthusiasm, and I like that fact that you're enthusiasm stems from weeks of dedicated research and learning. The more I've learned about it, the more exciting it becomes. It is excitement bred from knowledge, as opposed to ignorance. A great way to tell a scam - if the more you look into it, the more convoluted or uncertain it seems, that's a problem. With Bitcoin, the more I learn about it, the more I understand how revolutionary it could be. Or it will collapse and I'll drown my sorrows in a bottle of booze =)
I would recommend you keep some wealth in gold/silver if you're going to bail on the dollar entirely. Many risks exist in Bitcoin.
I would recommend you keep some wealth in gold/silver if you're going to bail on the dollar entirely. Many risks exist in Bitcoin.
My thoughts EXACTLY! I understand the risks and I accept them as a possibility for a bitcoin failure, but those risks wont stop me, just as the risk of a death from a car crash wont stop me from driving a car.
Be careful, you'll still have to pay food/etc.
Also, I would keep a relative small amount of your savings in dollars for the case that bitcoins plummet... so you can buy cheap a lot of them!
Also, I would keep a relative small amount of your savings in dollars for the case that bitcoins plummet... so you can buy cheap a lot of them!
I like your enthusiasm, and I like that fact that you're enthusiasm stems from weeks of dedicated research and learning. The more I've learned about it, the more exciting it becomes. It is excitement bred from knowledge, as opposed to ignorance. A great way to tell a scam - if the more you look into it, the more convoluted or uncertain it seems, that's a problem. With Bitcoin, the more I learn about it, the more I understand how revolutionary it could be. Or it will collapse and I'll drown my sorrows in a bottle of booze =)
I would recommend you keep some wealth in gold/silver if you're going to bail on the dollar entirely. Many risks exist in Bitcoin.
I would recommend you keep some wealth in gold/silver if you're going to bail on the dollar entirely. Many risks exist in Bitcoin.
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