Need your advice for student who invested all his savings into bitcoin - page 2.

akram143

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Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

People saying that bitcoin is a bubble since 2009,but bitcoin is proving that it is not stiil but who knows maybe bitcoin can explode in the future.But right now bitcoin still the king of crypto currencies.And you can check the price now it almost increased 10% in some hours so bitcoin has the potential to recover from the price crash so don't worry about it you will have profits in some months.

Beerwizzard

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Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

And I'm sure that it is. But also notify that many experts say that the whole stock market is a bubble that grow for the last years. And it doesn't mean that you can earn on some speculations on this bubbles. My advice is to take time before performing any actions and not to buy crypto for all your money.

PERtua

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Quote from: Genrix on January 05, 2018, 07:54:18 AM

Speaking about advice, I would recommend you to invest in several crypto coins from top 10, if you a stick to BTC, better wait till 8-10 k, because now it is overestimated. Also don't forget about your investing horizon

how can he wait where in fact the word there id "invested" meaning the pal already invested to btc and after investing the price went down. BTW, as to the advice to the kid, i must say he needs to wait to have a profit, if he dont have extra funds to buy more while its dipping.. better to wait than to cut loss. besides we all know bitcoin will still rise no matter what.

Haladay

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Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

No matter what JpMorgan or Goldman Sachs say, the bitcoin is a real technology and we all know this. Nobody can ruin this in long run. They can only cause fast price decline and market crash. Besides, it's not possible.

Pursuer

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Where is my ring of blades...

Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

the JPMorgan CEO didn't say bitcoin is a bubble, he said bitcoin is a "fraud" and this was a couple of months ago when price was a lot lower than this. it was back when price was having a correction very similar to the recent correction at $7800.
and then we found out he was manipulating the market for a bigger dip so that his firm can buy bitcoin.

my advice? is that you should stop listening to the media and start using your own judgment. it is your money, and nobody cares about it more than you do.

Genrix

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Speaking about advice, I would recommend you to invest in several crypto coins from top 10, if you a stick to BTC, better wait till 8-10 k, because now it is overestimated. Also don't forget about your investing horizon

NavI_027

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In my opinion, that student should not worry too much because he invested in Bitcoin, the strongest coin of all. Btc falls down recently but it's recovery is for sure. Keep calm.

I think the thing he should worry about is the fact that he insist to invest even not yet well experienced in this field. Lack of knowledge about btc might lead him in making bad decisions in the future that may give him a chance to lose what he invested.

Netnox

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Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

Right now, Bitcoin is trading at around $16,000 per coin, which is around 15% lower than the historical peak of $19,000 per coin. Even if you had made the purchase at 19K, you don't need to worry. The future potential is looking good and the number of users is increasing at a good pace. But then the most important thing is that you must be ready to wait for at least 1-2 years. Because no one will make you super-rich in a few days time.

davis196

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Quote from: QUANTOR on January 05, 2018, 06:13:24 AM

Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

It`s down with 30-40%??? What are you talking about?The btc price increased during the past few days.
I quess you mean it`s down from 19000 USD to 15000 USD.This is just a price correction,not a crash.
Bitcoin is a bubble,but there`s nothing wrong about that.Nobody knows when the bubble will burst.It might be after a few years.Just hold your bitcoins and don`t panic ,when the price goes down for a while.

Nebhunu

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Keep yourself a target in mind, so you can withdraw your investment as soon as you reach it, to minimize the risk that you lose a significant portion of your savings. After that, feel free to experiment.

Genrix

member

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Don't you know, that Goldman Sachs opens cryptocurrency trading desk? Don't keep in mind such words of CEO, that is for price manipulation

QUANTOR

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Activity: 169

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Hello everybody.
Here is a real problem when not experienced people invest in bitcoin because of its hype. But let's imagine if you are a student who invested all savings into bitcoin.
Many experts say it's a bubble. CEO of JPMorgan Chase says it's a bubble, now it's down almost 30 - 40%...

What can you advise?

Topic: Need your advice for student who invested all his savings into bitcoin - page 2. (Read 232 times)