Topic: Losing your life savings on BTC? Hurting everyday? (Read 854 times)
There is really no platform or investment whatsoever that's worth throwing all your life savings at. No matter how promising it appears. Nothing is predictable. It doesn't apply to Bitcoin alone. I get all the stuff about risk taking. But there should always be a Plan B. Something to fall back on if things go South. Without that, any risk taking no matter how ambitious is not smart business.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
But some of my friends have practiced it correctly, they sell their homes and even their cars to buy bitcoin, and as a result, they get multiple profits.
maybe it's true that investing in bitcoin has a very high risk, but it can be overcome if you have enough knowledge to do it.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
I don’t think that losing your entire life saving on bitcoin is that worth enough, no doubt bitcoin is a very sustainable and volatile crypto currency and once the person understands its fate and potential will easily get ready to spend its entire life saving on bitcoin because then he will know well that how profitable the bitcoin is but losing the entire life saving on bitcoin for now is no wise because it is still decentralised in many countries, for now it is best to use for part time job only. Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
I don't advise anyone to use his life savings on Bitcoin. Using a part of what you have investing in Bitcoin is fine, but don't use up everything. You will be taking too much risk.
What has been the advice all the time? Is not spend the kind of money you can afford to lose? If you decide to sell of your house to invest in bitcoin it is your decision and you have to deal with it. They are stories of others who sell off their own house and invest in bitcoin and after 1 year they were better off.
I find myself constantly watching bitcoin prices every day and spending every day in anxiety and tension. Maybe it's time to do some change. I think I can't invest all my money and energy in the encrypted world. There's a lot of things in life that we need to do.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
yeah, i think it is too risky to spent all your life savings to buy bitcoin. but who did that? only a person who brave to take high risk to do that, not all people want to do it. i think only a few that did it. Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
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You are very funny. No other currency can replace bitcoin. Will people be that bold enough to trust other coins above bitcoin? the plain answer is capital "NO". Nevertheless, people shouldn't place all their savings on bitcoin because of the volatility of the market. I understand trading is addictive and FOMO is strong but moderation should be the watch word.
Invest in bitcoin it doesn't means that losing life saving for ever and this kind of thought come on peoples mind because of the present situation market. Soon they will bound to change their thought.
Spending your life on bitcoin is not the wisest thing to do. Even if the value of bitcoin today is lower than before. And many people are predicting bitcoin to reach a new all time high. Its not a reason to put your life savings on it. Bitcoin is so risky.
Some people always believe on bitcoin that can change their life forever and they collect more bitcoin even to lose their savings and that is for a risk taker people, but i think before they taking that risk they might have some alternative sources of income to cover for what maybe happen its maybe from work or a business.
If we are investing our life savings on bitcoins than definitely we will be panic when market will in downtrend because we need to invest that money which we can afford when loose. bitcoin price is volatile and downtrend and uptrend is part of market. we can start with small amount and make consistent profit.
Some people take risks and lose everything..But this is the way people live..Some lose in the gambling, some go bankrupt..You can not earn high earnings without risk..Also I do not think Bitcoin is risky..Bitcoin has proved itself and will always be the top.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
That's why you don't put your life savings into crypto, please spare more money for investment purposes and don't use your life savings as it's very risky to do. Invest what you can afford to lose not important money such as that. If you lose it and spend your retirement working then I believe that's entirely your fault. I think most of the people that believe in bitcoin don't check the price everyday, it's just them who bought at the top who check the price everyday. Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
working at McDonalds??
What you say.. New crypto currency can't replace Bitcoin! This is true.
You think that because you beginner in crypto world.
Good luck and more profits
I think btc will not hurt people's feelings as now btc is being treated as an asset and being treated like gold sometimes. I feel the craze of btc is at the peak and many people have even put their savings for btc and still holding the same for good returns in the short and medium term. Now that btc has started pumping slowly up its time for us to keep holding and wait for good results.
Indeed risking all the assets and savings we have to invest in crypto currencies is stupid. We should be able to calculate the risk of each decision that we take correctly. We must implement business risk management in the beginning well. Therefore, before plunging investments in crypto currencies, we should deepen our knowledge of crypto currencies so that we don't risk our lives for crypto currencies whose conditions are uncertain. We also have to learn crypto currency strategies well so that we don't experience loss and lose all savings as our capital at the beginning.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
I think its part of crypto currency life or in any investment, time will come that you were too down and there are times that you are on top. As what they say no pain no gain. Let us just find other ways on how we can earn more btc.....
Yeah it's really crazy if we use all our money to invest in crypto currencies. Especially if we get to pawn a house or that is our basic need then it's really crazy. In my opinion, investing in crypto currencies means we are ready to lose because at the beginning we have to prepare ourselves mentally when bad conditions hit the crypto currency market. There is no insurance or official party that guarantees investment in crypto currency so you should invest in crypto currency according to your ability without risking your life.
People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
It is really is scary if all your money from work will just turn into nothing. But just do not lose hope and have faith. Soon the market will recover and get even higher. Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!
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