Who's brave/stupid enough to invest their life savings into Bitcoin? - page 14.

zorke

full member

Activity: 238

Merit: 100

Quote from: Rassah on September 12, 2014, 04:16:40 PM

Quote from: Brewins on September 12, 2014, 01:53:12 AM

Quote from: Meuh6879 on September 11, 2014, 05:00:33 PM

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well Grin

The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving

Doge was not in price equilibrium, and miners were typically using Doge for random things, not selling on the market to pay for mining expenses. So Doge's inflation wasn't really affecting the economy or the price. Bitcoin's inflation is affecting the economy, since about $1,800,000 worth of bitcoins are mined and sold every day. Cut that in half, and it should go up.

I agree to a point. However it should be noted that not all of the bitcoin that is mined is sold on the market. Take for example pbmining, the electric costs have essentially been prepaid for so the owners of the GHs at pbmining will not have any ongoing expenses and since the GHs were purchased for bitcoin they would be less likely to sell their bitcoin earnings (I am not endorsing pbmining, I actually think it is way overpriced but that is not the point).

Dyklotz

newbie

Activity: 26

Merit: 0

Sold my mom for BTC crew.

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

I often thought about doing that, but investing all of my savings into it is much too risky, to be honest! But I have mu fair share of money invested, and who knows - maybe it will one day be my main mean of retirement money

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

bot with a few grands back in the day, quit job, unemployed, burnt the rest of saving, now I'm in a pretty good shape I think, still unemployed though, thanks to the magic internet money

trizma

newbie

Activity: 31

Merit: 0

I am all in Cool

and continuing to increase my holdings slowly

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: Brewins on September 12, 2014, 01:53:12 AM

Quote from: Meuh6879 on September 11, 2014, 05:00:33 PM

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well Grin

The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving

Doge was not in price equilibrium, and miners were typically using Doge for random things, not selling on the market to pay for mining expenses. So Doge's inflation wasn't really affecting the economy or the price. Bitcoin's inflation is affecting the economy, since about $1,800,000 worth of bitcoins are mined and sold every day. Cut that in half, and it should go up.

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: Impros88 on September 12, 2014, 01:33:01 AM

Quote from: Baitty on July 27, 2014, 07:54:18 AM

Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?

i did. I invested 80% of my savings. Problem is that I did in wrong moment. Right now I am more or less 40% loss. I am 26 and Italian. Already posted here my story. I have even a daughter to feed. If you want to help her, contact me. Even few euros are well accepted. Thanks.

Don't you have a job to sustain yourself and your daughter with? Or were your savings the things you were living off of?

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Impros88 on September 12, 2014, 01:33:01 AM

Quote from: Baitty on July 27, 2014, 07:54:18 AM

Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?

i did. I invested 80% of my savings. Problem is that I did in wrong moment. Right now I am more or less 40% loss. I am 26 and Italian. Already posted here my story. I have even a daughter to feed. If you want to help her, contact me. Even few euros are well accepted. Thanks.

You bought in December 2013?

Quote from: Brewins on September 12, 2014, 01:53:12 AM

Quote from: Meuh6879 on September 11, 2014, 05:00:33 PM

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well Grin

The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving

The halving in 2016 and the next halving will be very bullish for Bitcoin

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

"The Bitcoin Halving" written and directed by M. Night Shyamalan. A story about bankers mysteriously jumping off bank buildings. A ragtag group of nerds discover that Bitcoin was designed as a fatal virus by an alien called something unpronounceable but sounds like Satoshi Nakamoto. The virus only infects people greedy for fiat currency. The cure is discovered to be hodling.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

But Doge is not Bitcoin. They have a different story, different market, different rate of decrease. Bitcoin is more or less fixed until the next 100 years.

Brewins

legendary

Activity: 1120

Merit: 1000

Quote from: Meuh6879 on September 11, 2014, 05:00:33 PM

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well Grin

The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving

Impros88

full member

Activity: 293

Merit: 100

Quote from: Baitty on July 27, 2014, 07:54:18 AM

Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?

i did. I invested 80% of my savings. Problem is that I did in wrong moment. Right now I am more or less 40% loss. I am 26 and Italian. Already posted here my story. I have even a daughter to feed. If you want to help her, contact me. Even few euros are well accepted. Thanks.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: dankkk on September 11, 2014, 06:42:52 PM

Quote from: picolo on September 09, 2014, 12:42:10 PM

Quote from: GenieBTC on September 09, 2014, 09:20:33 AM

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

Saving in paper money is not saving, it is being a believer in a fail system

Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time.

But one effectively is invested in the FIAT the stock or whatever is denominated in. And one is invested in FIAT if you're just holding FIAT. Even though the price swings are marginal (at least compared to Bitcoin), they do exist!

dankkk

sr. member

Activity: 308

Merit: 250

Quote from: picolo on September 09, 2014, 12:42:10 PM

Quote from: GenieBTC on September 09, 2014, 09:20:33 AM

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

Saving in paper money is not saving, it is being a believer in a fail system

Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: Meuh6879 on September 09, 2014, 03:38:57 PM

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

It may be wise to hedge some more and keep more in FIAT, ready on an exchange, to buy more if there should be a nother big drop! But make up you own mind! And please don't put in loaned money. 90% is already a very strong exposure!

beaknuke

sr. member

Activity: 412

Merit: 250

what was it called? iPay? bitcoin may get a rocky time now so perhaps not invest ur life savings

Meuh6879

legendary

Activity: 1512

Merit: 1012

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well Grin

X7

legendary

Activity: 1162

Merit: 1009

Let he who is without sin cast the first stone

80% BTC / 10% ALT COINS / 10% Fiat

Sylon

legendary

Activity: 1568

Merit: 1169

Quote from: Meuh6879 on September 09, 2014, 03:38:57 PM

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

Great choice Grin

Meuh6879

legendary

Activity: 1512

Merit: 1012

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

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