Who's brave/stupid enough to invest their life savings into Bitcoin? - page 11.

charlie1010

newbie

Activity: 5

Merit: 0

Quote from: snappa4ever on September 21, 2014, 09:56:32 PM

Quote from: Impros88 on September 21, 2014, 05:55:44 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 am new to this and I have responsibilities and fears, but I am going all the way

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Still life-savings divested from fiat, still coasting at a cool 350%+ ROI in less than 18 months.

Hows your dollar treating you?

snappa4ever

sr. member

Activity: 374

Merit: 250

Quote from: Impros88 on September 21, 2014, 05:55:44 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

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: grifferz on September 21, 2014, 01:02:16 PM

Quote from: Impros88 on September 21, 2014, 05:55:44 AM

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.

You call it a Ponzi (a form of illegal scam) to make yourself feel better about what was merely a bad investment on your part.

I'm sorry you got burnt but you need to take responsibility for your own actions!

I suspect you mean to say that this person overbalanced his investment portfolio into a long position rather than divesting. Long positions in Bitcoin are unlikely to get burnt.

iCrypt

member

Activity: 83

Merit: 10

How happen to all the talks of a moon landing? LOL

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: grifferz on September 21, 2014, 01:02:16 PM

Quote from: Impros88 on September 21, 2014, 05:55:44 AM

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.

You call it a Ponzi (a form of illegal scam) to make yourself feel better about what was merely a bad investment on your part.

I'm sorry you got burnt but you need to take responsibility for your own actions!

I agree. Bitcoin does not at all fit the description of a ponzi. This person's experience does not fit the experience of a ponzi. Also a ponzi and a bubble are two very different things and it is illogical to say something is both a ponzi and a bubble.

Has bitcoin gone through several bubbles? Yes, is it in a bubble now? probably not, but the short term price trend is negitive

grifferz

full member

Activity: 154

Merit: 100

Quote from: Impros88 on September 21, 2014, 05:55:44 AM

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.

You call it a Ponzi (a form of illegal scam) to make yourself feel better about what was merely a bad investment on your part.

I'm sorry you got burnt but you need to take responsibility for your own actions!

Unbelive

full member

Activity: 210

Merit: 100

Invest & Earn: https://cloudthink.io

Quote from: Impros88 on September 21, 2014, 05:55:44 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.

Dont worry soon you will have million chances to spend them. you will be able to go to cinema or buy a burger with them. you did not throw your wealth away.

andycarrol

hero member

Activity: 1106

Merit: 502

I am not sure if bitcoin would be to long life Undecided

Impros88

full member

Activity: 293

Merit: 100

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.

beaknuke

sr. member

Activity: 412

Merit: 250

just a shame we cant pay for our bills in bitcoin, it makes sense then to invest :/

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: picolo on September 19, 2014, 01:50:57 PM

Quote from: leex1528 on September 18, 2014, 10:54:10 AM

It isn't looking pretty...Heck in 6 months it might be less than $300:/

Or 1000$`

If you are close to retirement don't put your million on it but if you are young why not make a bold bet

That is a good advice. BTC has long term value if it is used as a currency.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: leex1528 on September 18, 2014, 10:54:10 AM

It isn't looking pretty...Heck in 6 months it might be less than $300:/

Or 1000$`

If you are close to retirement don't put your million on it but if you are young why not make a bold bet

pikabit

member

Activity: 70

Merit: 10

I have invested and risked a lot and it always pays out wait 1 year or two and you'll see you are always right with btc-

OrientA

sr. member

Activity: 462

Merit: 250

It is better to invest small percentage of your saving into BTC.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: leex1528 on September 18, 2014, 10:54:10 AM

It isn't looking pretty...Heck in 6 months it might be less than $300:/

maybe next week 5 USD Tongue

Impros88

full member

Activity: 293

Merit: 100

Quote from: WoopDeBoop on September 17, 2014, 07:37:26 AM

oh my god i'm bored of you whinging.

you're an idiot for buying in december. i cashed out all of mine in december because it was so obviously hyped.

things are not so simple. I did not explain many things. I could not cash out because my account in that very period was blocked. I had to see price dumping without doing anything. I could cash out only in January and I did it. Then I bought again when I thought price would rise again. I was wrong. Actually I lost about half of my entire money, I mean my life savings. I am not complaining. I know it was risky. I had the feeling I could make big money fast and cash out. I was inexperienced and made an error. I am young. I had none giving my advice.

leex1528

hero member

Activity: 784

Merit: 1000

It isn't looking pretty...Heck in 6 months it might be less than $300:/

petersiddle98

sr. member

Activity: 272

Merit: 250

Quote from: Baitty on July 27, 2014, 10:35:25 AM

Quote from: gentlemand on July 27, 2014, 10:31:14 AM

Quote from: Baitty on July 27, 2014, 10:17:47 AM

So what do you think is a safe/good amount of your savings to invest in Bitcoin? 20, 30 over 50 percent?

I would've thought many who invest might allocate 1-5% of their funds for truly speculative/ volatile investments.

I've gone for rather more than that myself. I find it very hard to get excited about much else out there.

I was thinking of investing 20% of my current savings which isn't a awful lot but enough to benefit from it something does come on it and it is bearable if I do lose that money.

No risk no gain, the price is now at $430, what do you think?

mlferro

sr. member

Activity: 252

Merit: 250

anyway, bitcoin is still a good deal.

Topic: Who's brave/stupid enough to invest their life savings into Bitcoin? - page 11. (Read 33530 times)