Three years back a guy had Rs. 50 lacs for investment...

micky123

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Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

Greed would have got the better of him when the price rose to $1K, he would have held on, then when the price crash happened he would have cursed the guy who suggested it in the first place. He would have tried to recover by gambling and such and would have ended up losing everything and would have bad mouthed bitcoin to every one he met. In hindsight, it is probably a good thing that he did not take the advice as he may even have thought of suicide after losing his 50 lacs. Tongue

stingers

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Quote from: Wapinter on October 30, 2015, 05:15:32 PM

Quote from: stingers on October 29, 2015, 09:31:21 AM

Quote from: bit3000 on October 28, 2015, 01:38:57 PM

Quote from: newIndia on October 27, 2015, 06:20:03 AM

Quote from: btcdevil on October 26, 2015, 10:52:31 PM

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

How come ? Three years back means it was 2012, when the price was below $100. If he invested then, he could have enjoy the rally from $100 to $1000, i.e. 10 fold increase of his investment in one year. So, he could turn his Rs. 50 lacs to Rs. 5 crore.

And in the end he would have lost them all through gambling.
Grin

The way he would have earned those 5cr would also have been a kind of a gamble( investing in a cryptocurrecy with an uncertain future is gambling). So, doesn't matter if would have lost them while gambling.

Uncertainty doesn't make everything gambling.Most investments have uncertainty to some level.
I also think that it would have been a great decision on questioner's part had he heeded to that guy's answer and invested even 10% of his money in Bitcoin.That said let me add that only if we knew whats in store in future,we wouldn't be asking for advices

Yes, uncertainty(in the case of investing in bitcoin in 2012) made it look like gambling, or i can say it actually was gambling.
Nobody knows if its is gonna go up, down, sideways or in fucking circles. It’s all a fugazi! Yeah, fugazi, fogazi. It’s a wazi, it’s a woozi. It’s…fairy dust. It doesn’t exist, it’s never landed, it is no matter, it’s not on the elemental chart. It’s not fucking real.

Wapinter

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Hire me for Bounty Management

Quote from: stingers on October 29, 2015, 09:31:21 AM

Quote from: bit3000 on October 28, 2015, 01:38:57 PM

Quote from: newIndia on October 27, 2015, 06:20:03 AM

Quote from: btcdevil on October 26, 2015, 10:52:31 PM

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

How come ? Three years back means it was 2012, when the price was below $100. If he invested then, he could have enjoy the rally from $100 to $1000, i.e. 10 fold increase of his investment in one year. So, he could turn his Rs. 50 lacs to Rs. 5 crore.

And in the end he would have lost them all through gambling.
Grin

The way he would have earned those 5cr would also have been a kind of a gamble( investing in a cryptocurrecy with an uncertain future is gambling). So, doesn't matter if would have lost them while gambling.

Uncertainty doesn't make everything gambling.Most investments have uncertainty to some level.
I also think that it would have been a great decision on questioner's part had he heeded to that guy's answer and invested even 10% of his money in Bitcoin.That said let me add that only if we knew whats in store in future,we wouldn't be asking for advices

stingers

legendary

Activity: 1184

Merit: 1013

Quote from: bit3000 on October 28, 2015, 01:38:57 PM

Quote from: newIndia on October 27, 2015, 06:20:03 AM

Quote from: btcdevil on October 26, 2015, 10:52:31 PM

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

How come ? Three years back means it was 2012, when the price was below $100. If he invested then, he could have enjoy the rally from $100 to $1000, i.e. 10 fold increase of his investment in one year. So, he could turn his Rs. 50 lacs to Rs. 5 crore.

And in the end he would have lost them all through gambling.
Grin

The way he would have earned those 5cr would also have been a kind of a gamble( investing in a cryptocurrecy with an uncertain future is gambling). So, doesn't matter if would have lost them while gambling.

bit3000

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Activity: 448

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Craig Wright is scammer.

Quote from: newIndia on October 27, 2015, 06:20:03 AM

Quote from: btcdevil on October 26, 2015, 10:52:31 PM

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

How come ? Three years back means it was 2012, when the price was below $100. If he invested then, he could have enjoy the rally from $100 to $1000, i.e. 10 fold increase of his investment in one year. So, he could turn his Rs. 50 lacs to Rs. 5 crore.

And in the end he would have lost them all through gambling.
Grin

newIndia

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Activity: 2226

Merit: 1052

Quote from: btcdevil on October 26, 2015, 10:52:31 PM

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

How come ? Three years back means it was 2012, when the price was below $100. If he invested then, he could have enjoy the rally from $100 to $1000, i.e. 10 fold increase of his investment in one year. So, he could turn his Rs. 50 lacs to Rs. 5 crore.

btcdevil

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Activity: 1302

Merit: 1027

Quote from: polynesia on October 26, 2015, 07:29:26 PM

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

what you replied is correct but if he had invested in bitcoin, then i think his investment would have gone down because i think 3years back the price was above 500+ usd and today it is nearly 280+.

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: newIndia on October 26, 2015, 03:26:12 PM

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

That was bad investment advice. I agree with the down vote.
Investment advice should depend on the needs of the investor.

newIndia

legendary

Activity: 2226

Merit: 1052

I just stumbled upon a question in Yahoo answers. A guy asked the following question...

I have Rs. 50 lacs for investment. i want to generate 50 to 60 k per month or 12 to 15 % return annually.?

Of course, the best answer chosen did not excite me. But, just look at the last but one answer. What if the guy followed the last but one advice, that got one downvote ?

https://in.answers.yahoo.com/question/index?qid=20121212021642AAx9KZX

Topic: Three years back a guy had Rs. 50 lacs for investment... (Read 1813 times)