I put in all my savings a few weeks ago when BTC was $680...
I really hope you're a troll. If not then I don't feel bad for you for being dumb and greedy.
Why am I dumb and greedy?
It is my savings but on another hand i don't really have any debts so it's money that I can afford to risk. It would either sit in my bank account or have a chance of doubling or tripling in the BTC market. I don't have any kids, I'm making my own money and I'm single.. I figured this is the best and only time I can take risks like this. I mean, you don't make big money by playing it safe. I want a chance at making big money. I know this sounds greedy and as if I think Bitcoins are a "get rich quick" scheme, but I'm really understanding the value and benefits it will provide, and I think 2014 will be a good year for bitcoins. I still think it is at a very early stage and undervalued right now. The greedy test will come into play when the price goes up a lot, and I keep holding hoping it will go up even more... I need to figure out exactly when I should back out and keep my profits, and then invest again with a much lower risk to my overall net worth. Does that sound stupid to you? If so, we're just different kinds of people.
You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.
I still have money in the stock market from 2009... which has been reduced in half since then. They were all bad decisions on my part and I'm not a fan of the stock market. If I lost half of my money for a potential 10x return I wouldnt care as much, but that kind of reward is rarely seen with stocks in the short term so I feel like the risk was not worth it at all.
Depends very much on the stocks. There are good companies and shit companies. Many trade much higher than they were back in 2009.
