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Topic: Losing your life savings on BTC? Hurting everyday? - page 3. (Read 856 times)

newbie
Activity: 140
Merit: 0
Of course it is an terrible idea to risk all your life savings on Bitcoin/crypto because market is highly volatile but Lottery and crypto are two totally different things. When you buy lottery, you rely 100% on luck but in crypto you can depend upon your research, FA and TA which would give you some indication of market if not all.
sr. member
Activity: 462
Merit: 250
Good explanation, It's better to have bitcoin savings than to bet on the lottery without any certainty if we are going to be a millionaire. With bitcoin our future is sure and sure of what we accumulate here will be millions of future value.
newbie
Activity: 184
Merit: 0
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!


If what you say is true then it's crazy. Bitcoin prices may fall deeper but I think about $ 100 is not possible. A lot of people are waiting for bitcoin about $ 5000 to buy and if it's about this price it will be rising back and probably will not go down again. This market is still very popular and I believe it will thrive.
member
Activity: 194
Merit: 10
Is there any reason to do this or think? Why can a person do or think about this? Though taking the risk can give us our desired things but can we expect flying money in the air?  No one spending his life's savings on one investment. If you smart enough they can take a risk so smart. Since at the moment is the best time for buy or hold bitcoin yet you should invest as much as you afford to lose.
full member
Activity: 616
Merit: 100
yes you are right in the lottery we can get fun when we only use the small amount, if you use all of your money, once again, you are crazy. be the fan in bitcoin and invest and trading in bitcoin is good, but be the fanatic is not good things, because it makes you regret in someday
hero member
Activity: 2590
Merit: 644
I don't see any good idea to invest your life savings on bitcoin because you should not be doing that in the first place and you should just investing or spending the excess amount of your money to bitcoin so even though the price of bitcoin might go wrong then you still have the courage to not think about that investment since it doesn't hurt your pocket so much since it is just an excess money.
hero member
Activity: 1372
Merit: 503
Yes so hurt because you store your savings to have more savings if you enough saving and very hard to store savings. But not everyday because you affect by your self if you not getting move on.
that's why before you need in this industry you need to take the risk. you'll know what might happen if yo enter in this industry because of being not stable. yeah it is very happy to know if the price is going up continuously. but if the opposite happen I am sure many of us would think about quitting and regret in the end. also, don't invest in this with all your money.
newbie
Activity: 98
Merit: 0
Yes so hurt because you store your savings to have more savings if you enough saving and very hard to store savings. But not everyday because you affect by your self if you not getting move on.
member
Activity: 504
Merit: 10
YOUC | John McAfee Supports
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 think we are ok to save our money in bitcoin, but we should buy bitcoin when the price is on the bottom.
As long the price still at the top, just be patience and keep saving our money.
Once bitcoin price falling, that is our chance to buy bitcoin so we can safe from the loss.
sr. member
Activity: 644
Merit: 253
Change Your Worlds Build a New Era!
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.
Apples and oranges. Every investment is risky but you can't compare lottery ticket to bitcoin.

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.
You will spend your whole life waiting for that and that is not possible scenario unless dev's seriously mess something.

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!
Investors have right to do anything they want with their money.
newbie
Activity: 38
Merit: 0
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!
At least bitcoin's gains are higher than the others. Bitcoin is still the cryptocurrency that has the lowest risk right now.
hero member
Activity: 1008
Merit: 537
If you got a bitcoin failure, it does not mean that everyone will have it. I have not had any losses due to bitcoin and so I will continue to make money on it.

If you invest on bitcoin you may worry about the bitcoin price dumping time but that will not gonna be settle in one place then why you are worrying about the bitcoin price every day mate.

Kindly check the more altcoins and invest on that coins too mate. It will be good for you in future. Nothing will hurt you bitcoin will stay strong always.
member
Activity: 406
Merit: 10
If you choose the wrong strategy for earnings, it is possible to lose your money. It all depends on you. And of course, to mortgage the house and take out loans for bitcoin is also not worth it. It is too unpredictable.
member
Activity: 251
Merit: 10
I see that the one who wrote this was wrong. Bitcoin is not a lottery. It's a new technology. Those alerts. Falcons are always going to come out. Those who do not understand how good this is for the world of the economy. The retirees who invested are no doubt winning the new alcoin if they are improving the technology to compete with the bitcoin that is also good so it is not monopolized but it will take years to overcome bitcoin if you look at the price today is 8200 and rising so I invite you to join and see the good of the Block chain and its advantages in the real world
full member
Activity: 286
Merit: 100
StableDex | Decentralized, Secure & Cost Effective
that's crazy. very loss if you do that kind of thing. there is no profit you spend your money and even your property just to invest in bitcoin. better, use the proceeds from bitcoin for investment in the real world. bitcoin is only temporary. do not use your property just for bitcoin.
full member
Activity: 234
Merit: 100
If you got a bitcoin failure, it does not mean that everyone will have it. I have not had any losses due to bitcoin and so I will continue to make money on it.
full member
Activity: 602
Merit: 100
That's just your opinion. I do not consider bitcoin a fraud or something like that, so I am not afraid to invest.
sr. member
Activity: 476
Merit: 252
Golden rule: Never invest more then you can effort to lose..... I see people selling their homes and invest it in bitcoins... just imagine if you bought in january and you cant buy the bills now.
member
Activity: 392
Merit: 10
I think Bitcoin's price will never drop $100. Nothing can replace bitcoin. More and more people will recognized bitcoin so the more demands, the higher the value. It may drop sometimes but surely it will boom again. Hoping this ber-months its going to happen.
member
Activity: 168
Merit: 12
Look ARROUND!
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!
To earn bigger profit in bitcoin you need to learn the word "patience". It takes time guys in fact bitcoin didnt command you to invest. Its your choice , and you choose to risk . In bitcoin you need to be wise and you need to have enough knowledge so you can understand some situation like this since its part of investing.
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