Who's brave/stupid enough to invest their life savings into Bitcoin? - page 17.

wasserman99

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Quote from: counter on August 16, 2014, 07:36:16 PM

Best bet if you do plan to go all in please do it over a long period of time and all at once. That way you have options and are able to buy in for cheaper should the price go much lower. Even if your going to gamble you do it with a plan to profit and play it safe. I'm sure many of the experienced traders and gamblers would agree with that in some ways.

Not investment advice of course, I'm just speculating on the best way to go about it..

This is actually very good advice. Doing this is called collar cost averaging. You will likely not make the greatest return on your investment doing this, but you are also all but certain to not invest the entire amount you are going to invest at the market peak. On the flip side you also will not be able to invest everything when the market bottoms.

Thingamajig

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Quote from: moriartybitcoin on August 16, 2014, 02:37:03 PM

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

Nevertheless, I am 100% convinced that Bitcoin is heading for $1000 or more in the next few months. It's always a wild ride in the Bitcoin world.

And if I lose my $500k it's really just a drop in the bucket :-)

I actually found this quite laughable.

1. My intuition tells me BTC and any PoW coin will slowly decline as mining becomes more centralized and harder, people will steadily migrate to alternative crypto's that don't use a PoW model.

2. The fact that you brag of your holdings, then in your second breathe state of it's inevitable rise indicate to me your bias - trying to entice people to further buy in just to enrich yourself.

3. The fact that you stole a chunk of those BTC's just goes to show what sort of character you are. I'm sure alot of what you say is twisted and poison.

wordman267645

newbie

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That is not like bravery or stupid, i think it depends ups to you what you think about your future.The man who invested his all life savings bitcoin he must not be brave or stupid, but he thinks about his future.who knows it becomes more then tripled in future!!

martinnew

full member

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Merit: 100

Quote from: CokeCoin on August 18, 2014, 02:54:42 AM

I wouldnt right now. I still think its too soon. The price of bitcoin changes too much and too fast for me to feel safe with all my money in it. Wasnt it like 600 a feel weeks ago? Now its 490

Agree that it is not a good thing to do right now with the current amount of BTC and all other coins. All are decreasing in value.

CoolBliss

member

Activity: 97

Merit: 10

Quote from: unexecuted on August 18, 2014, 03:07:25 AM

have amassed like 733 bitcoins, but have a lot to lern about security still! somehow not having 2F thing and using my kids name for password probably not a good idea!

You might want to think about getting a trezor. Of course you've now lost plausible deniability and earned for yourself a nasty case of Whoop-ass http://en.wikipedia.org/wiki/Rubber-hose_cryptanalysis

unexecuted

member

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have amassed like 733 bitcoins, but have a lot to lern about security still! somehow not having 2F thing and using my kids name for password probably not a good idea!

TheTruth4

member

Activity: 108

Merit: 10

I'm dollar-cost-averaging to try and reduce the risk of volatility. I just buy about 50 USD per month unless I can afford a little more. If you just keep adding to your savings over time, then it will grow. If you spend anything, you have to replace it right away. I buy silver with dollar cost averaging too. Never more than I can afford.

kerafym

full member

Activity: 224

Merit: 100

THE GAME OF CHANCE. CHANGED.

Buy low and sell high.

The fundamental of bitcoin remain intact if not stronger than 6-9 months ago. If it can go to 1200 with few companies accepting it as payment, imagine what it will finally go up to when more companies use it for payment.

CokeCoin

member

Activity: 235

Merit: 10

I wouldnt right now. I still think its too soon. The price of bitcoin changes too much and too fast for me to feel safe with all my money in it. Wasnt it like 600 a feel weeks ago? Now its 490

campycoin

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Daily Bitcoins for your Paypal/Skrill

Quote from: moriartybitcoin on August 16, 2014, 02:37:03 PM

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

Nevertheless, I am 100% convinced that Bitcoin is heading for $1000 or more in the next few months. It's always a wild ride in the Bitcoin world.

And if I lose my $500k it's really just a drop in the bucket :-)

Are you kidding me?

Again Moriarty? You scammy pathetic waste of space!

Folks, Moriarty runs the scam network known as the Moriarty Bitcoin Network. He has a site called BITLAUNDER.com... where he says he will "mix" your coins. Unfortunately, you and him may have different opinions of "mix" because what he does is KEEP them. Yeah, nice MIX. Look at this email (top left) where he clearly says that the address 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra is the bitlaunder.com PAYOUT address. Or you can see full details here :https://bitcointalksearch.org/topic/m.8060417

Then he walks around these forums (even after the theft of RickyJames 127btc) and claims:

Quote

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

HEY CLOWN! You run a mixing service- meaning people send you coins and you mix them (or steal them) and then send them back from your PAYOUT ADDRESS!

This is not you investing... understand?

You did not put 500k into bitcoin.... understand?

You are stupid... understand?

And if you lose 500k and it is a drop in the bucket then STOP STEALING PEOPLE'S MONEY CLOWN!

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Best bet if you do plan to go all in please do it over a long period of time and all at once. That way you have options and are able to buy in for cheaper should the price go much lower. Even if your going to gamble you do it with a plan to profit and play it safe. I'm sure many of the experienced traders and gamblers would agree with that in some ways.

Not investment advice of course, I'm just speculating on the best way to go about it..

zedicus

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CryptoTalk.Org - Get Paid for every Post!

Quote from: picolo on August 16, 2014, 06:07:45 PM

Quote from: Sheldor333 on August 16, 2014, 04:06:17 AM

I don't think it's smart to invest all you have in anything. Just being a sane person, never put all your eggs in one basket. It's simply not logical to do something like that when you know your future depends on it.

Diversify is smart but if you are young or if your savings is a amount of money compared to your revenues or futures revenues you can take a chance and bet it all in

Even if you are young and have a long time to recoup your potential early losses, putting your eggs in one basket is still a very bad idea. The money that you invest early in your life will grow the most by the time you retire in 50-60 years as it will have the most time to grow.

picolo

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Quote from: Sheldor333 on August 16, 2014, 04:06:17 AM

I don't think it's smart to invest all you have in anything. Just being a sane person, never put all your eggs in one basket. It's simply not logical to do something like that when you know your future depends on it.

Diversify is smart but if you are young or if your savings is a amount of money compared to your revenues or futures revenues you can take a chance and bet it all in

justusranvier

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Quote from: ajareselde on August 16, 2014, 02:52:51 PM

Good luck finding the volume to liquidate when time comes

When the time comes, there will be no such thing as "liquidating Bitcoins."

gentlemand

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Welt Am Draht

Quote from: ajareselde on August 16, 2014, 02:52:51 PM

Quote from: moriartybitcoin on August 16, 2014, 02:37:03 PM

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

Nevertheless, I am 100% convinced that Bitcoin is heading for $1000 or more in the next few months. It's always a wild ride in the Bitcoin world.

And if I lose my $500k it's really just a drop in the bucket :-)

lol

Even tho i share your opinion about the price heading back to = or > 1000$, i can imagine why anyone would put that much of money on a single bet.

If that money realy is a drop in the bucket for you, you wont understand my concerns anyways, so i dont know why im bothering ^^
Good luck finding the volume to liquidate when time comes

If you investigate his trust rating you may notice that some of that money is not necessarily his to spend...

ajareselde

legendary

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Satoshi is rolling in his grave. #bitcoin

Quote from: moriartybitcoin on August 16, 2014, 02:37:03 PM

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

Nevertheless, I am 100% convinced that Bitcoin is heading for $1000 or more in the next few months. It's always a wild ride in the Bitcoin world.

And if I lose my $500k it's really just a drop in the bucket :-)

lol

Even tho i share your opinion about the price heading back to = or > 1000$, i can imagine why anyone would put that much of money on a single bet.

If that money realy is a drop in the bucket for you, you wont understand my concerns anyways, so i dont know why im bothering ^^
Good luck finding the volume to liquidate when time comes

moriartybitcoin

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★777Coin.com★ Fun BTC Casino!

I put $500,000 into Bitcoin at $600-$630 so I guess that makes me either brave or stupid, considering I've lost 20% of my investment already.

Here's the proof: 1DDWEQM11uMUKiqpGEWvBT2at3CjCw3Vra

Nevertheless, I am 100% convinced that Bitcoin is heading for $1000 or more in the next few months. It's always a wild ride in the Bitcoin world.

And if I lose my $500k it's really just a drop in the bucket :-)

Meuh6879

legendary

Activity: 1512

Merit: 1012

I think that most of all member don't have reading the "extrem money" book ... on this paper, you can view that the "all financial" system is based on fluctuate value and 1/8 cash money (7/8 is virtual debt invoice re-use in many small pieces).

If people think, the system crash ... that why gov. need to inject inflation.

that why bitcoin will and always win at the end.
because you can't spent that you haven't.

Sheldor333

sr. member

Activity: 406

Merit: 250

I don't think it's smart to invest all you have in anything. Just being a sane person, never put all your eggs in one basket. It's simply not logical to do something like that when you know your future depends on it.

unpure

full member

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Merit: 100

Quote from: zedicus on August 16, 2014, 02:19:44 AM

Quote from: cbeast on August 15, 2014, 04:11:25 PM

Quote from: Beliathon on August 15, 2014, 12:57:40 PM

Quote from: Dabs on August 15, 2014, 11:49:21 AM

No guts no glory. Fiat loan incoming any time now. hahahahahahaah.... bitcoin price dropping .... will have to seriously think this when the fiat is in my hands. (I can always return all the money or lend it to someone else.)

Bitcoin @ under $500 means its the PERFECT time to buy!

Always keep your mind on the big picture, never the small (short term) one.

Now you're sounding like a used car salesman. Bitcoin sells itself. Look at the charts. Anyone can see what's going on here. Look at how many trolls are coming out from under their rocks. There is nothing but good news. Folks are selling because they can't spend bitcoins on their vacations yet. Their loss is our gain. Next year my vacation is on them.

I think the price decline is mainly due to leverage on bitfinex. There have even been a number of news articles about this.

In regards to the trolls they are only coming out because the price is declining semi-sharply. It is similar to how all the "pumpers" will say "to the moon" whenever bitcoin rises significantly.

Bitfinex did change some rules regarding leverage and the rules will go live on the 18th.

This could be the reason.

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