is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride. 
Topic: Who's brave/stupid enough to invest their life savings into Bitcoin? - page 10. (Read 33530 times)
October 09, 2014, 11:12:21 AM
Putting all of your savings into anything is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride.
is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride. October 09, 2014, 10:41:34 AM
I wonder if anyone made a big buy with their life savings at 300...
October 09, 2014, 09:14:51 AM
Fiat Loan Approved! haha!
October 09, 2014, 08:40:31 AM
Depends on what level you risk you want to take, the higher it is the more profound the impact. It can go both ways though...ask yourself are you willing to take the risk?
October 09, 2014, 07:50:54 AM
Well at least it is bouncing back up now...IT was below $300 for a bit and that was starting to worry me. Like many people said in this thread, don't invest what you cannot afford to lose!
September 29, 2014, 08:01:10 PM
There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.
FOLLOW IT.
This ^^ a million times over!
It's generally a good rule, though sometimes the people who take the risk and go YOLO are the ones who win big, but of course the opposite is also true. I'm a big believer in bitcoin, but I'm not a big believer in people and those are what we need for bitcoin to push through and become very succesful, so I only invest a little of my own money and try earn bitcoins in other ways as I know it's not a foolproof investment. Saying that though, you could invest all your money in bitcoins now and sell as soon as they double or something, which I think is likely to happen, but it's not guaranteed and of course is a risk. Whether you take that risk is down to you to make.
The best investors will make calculated risks that have a good risk to reward ratio
September 29, 2014, 01:39:37 PM
Bitcoin might go below $100 dollars:/
September 29, 2014, 07:21:26 AM
I think that would really stupid more than brave
you should not invest what you can't afford
you should not invest what you can't afford
September 29, 2014, 05:12:04 AM
There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.
FOLLOW IT.
This ^^ a million times over!
It's generally a good rule, though sometimes the people who take the risk and go YOLO are the ones who win big, but of course the opposite is also true. I'm a big believer in bitcoin, but I'm not a big believer in people and those are what we need for bitcoin to push through and become very succesful, so I only invest a little of my own money and try earn bitcoins in other ways as I know it's not a foolproof investment. Saying that though, you could invest all your money in bitcoins now and sell as soon as they double or something, which I think is likely to happen, but it's not guaranteed and of course is a risk. Whether you take that risk is down to you to make.
September 29, 2014, 05:05:47 AM
I wouldn't invest everything but if I was in a position to buy a shitload of btc, I'd jump at the chance without a second thought. Bitcoin is still a very new technology, it may not completely replace the fiat but it will surely provide an alternative to the centralized bullshit system we have nowadays.
September 29, 2014, 12:25:16 AM
There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.
FOLLOW IT.
This ^^ a million times over!
Fuck that. Find something you believe in and yolo that shit.
Scared money don't make no money.
September 29, 2014, 12:22:56 AM
There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.
FOLLOW IT.
This ^^ a million times over!
September 29, 2014, 12:22:11 AM
Im definitely not investing my life savings, but I have definitely bought more BTC in the past few weeks than i have in a long time. If you at all believe in the long term success of BTC as a protocol, or as a solid hedge against fiat currencies, then you would be foolish not to be buying as much as you can right now
September 28, 2014, 04:07:35 PM
How happen to all the talks of a moon landing? LOL
When price rises, the talk will reappear.
It will be so good when we are all in positive again
We will have new positive threads, new members, lots of joy
September 25, 2014, 09:15:39 AM
How happen to all the talks of a moon landing? LOL
When price rises, the talk will reappear.
September 25, 2014, 09:03:36 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
jesus...... this site is filled with children who don't have any patience whatsoever. Bitcoin is doing what bitcoin is supposed to do, bring banking to the unbanked, and facilitate cross border money flows. Not make teenagers rich overnight.
It did made a lot of teenagers very rich in the meantime and it will make a lot but people are sometimes acting like it is a ponzi : they get in and expect a quick return, some panic if they are not showing a profit within weeks or months!
September 22, 2014, 10:30:14 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
IIRC you posted about investing your money that your grandmother gave you in bitcoin. This is not your life savings, as you spent none of your life saving this amount, nor is this money that you earned. You are also confused regarding terminology. A ponzi is when early investors are paid with later investors money and when there are not enough new investors the ponzi collapses.
A bubble is when the price levels get unrealistically high due to unrealistic investment returns. It is not possible for something to be both a ponzi and a bubble, you will need to pick one
Never give it all if you have responsibilities cause it will not only affects you. Just an advice though.
September 22, 2014, 06:21:22 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
Yup just like how the Dollar is an anti-ponzi scheme 
September 22, 2014, 06:17:53 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
jesus...... this site is filled with children who don't have any patience whatsoever. Bitcoin is doing what bitcoin is supposed to do, bring banking to the unbanked, and facilitate cross border money flows. Not make teenagers rich overnight.
September 22, 2014, 12:37:45 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
IIRC you posted about investing your money that your grandmother gave you in bitcoin. This is not your life savings, as you spent none of your life saving this amount, nor is this money that you earned. You are also confused regarding terminology. A ponzi is when early investors are paid with later investors money and when there are not enough new investors the ponzi collapses.
A bubble is when the price levels get unrealistically high due to unrealistic investment returns. It is not possible for something to be both a ponzi and a bubble, you will need to pick one
I think that the price of bitcoin will likely be either very high or very low several years from now.
Jump to: