Who's brave/stupid enough to invest their life savings into Bitcoin? - page 2.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: picolo on January 10, 2015, 09:24:21 AM

Quote from: Rassah on January 09, 2015, 08:25:21 PM

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Hundreds of users are in the same situation and thousands are up more than 100%.
The protocol is strong and time plays for Bitcoin.

A lot of people entered Bitcoin in 2014.
They are feeling the pinch.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Joosie200 on January 10, 2015, 11:53:09 AM

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:/

Spot on

Not even 6 months later and we're there lol.

Lol good prediction from leex1528 but where will we be in 6 months? I bet on 660$.

Joosie200

newbie

Activity: 4

Merit: 0

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:/

Spot on

Not even 6 months later and we're there lol.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Rassah on January 09, 2015, 08:25:21 PM

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Hundreds of users are in the same situation and thousands are up more than 100%.
The protocol is strong and time plays for Bitcoin.

Rassah

legendary

Activity: 1680

Merit: 1035

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Wendigo on January 09, 2015, 10:43:49 AM

Quote from: picolo on January 09, 2015, 08:54:36 AM

Quote from: cakebet on January 08, 2015, 11:49:00 PM

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

Yeah I think this was the guy and my story was slightly off but I couldn't remember all the exact details haha.

He made a few hundreds % on his investment Wink

Wendigo

legendary

Activity: 2604

Merit: 1036

Quote from: picolo on January 09, 2015, 08:54:36 AM

Quote from: cakebet on January 08, 2015, 11:49:00 PM

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

Yeah I think this was the guy and my story was slightly off but I couldn't remember all the exact details haha.

Demille

member

Activity: 69

Merit: 10

Quote from: cakebet on January 08, 2015, 11:49:00 PM

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

I think investing so much money in bitcoin is very very risky and I personally wouldn't do it, but without risks in business or investments you'll never get anywhere. I still think there is massive potential for profit from bitcoin so if he's still holding he could make big gains in the future.

leex1528

hero member

Activity: 784

Merit: 1000

Quote from: picolo on January 09, 2015, 08:54:36 AM

Quote from: cakebet on January 08, 2015, 11:49:00 PM

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

That is awesome! I don't think I would ever have the balls to do that, I just couldn't imagine if he ended up losing everything, he would be bankrupt! Well hopefully everything worked out great for me, say he bought around 100per BTC. He would have had roughly 300BTC and if he sold at 500, Low balling, he would have ended up with $150,000 for a $120,000 worth of profit....wow.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: cakebet on January 08, 2015, 11:49:00 PM

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

cakebet

full member

Activity: 229

Merit: 100

CakeBet Bitcoin Casino

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Daniel91 on January 08, 2015, 09:30:33 AM

Quote from: leex1528 on January 08, 2015, 08:11:08 AM

Quote from: Wendigo on January 07, 2015, 09:20:31 AM

The guy that posted the reddit story about turning his savings into coins after losing his job is famous but I doubt it he is still on the bitcoin bandwagon and probably converted most of it into fiat.

If he converted anytime after like December of 2013 he lost tons of money. That hopefully isn't the case and he got tons of money but I don't know the actual story.

You never know what really happened (I hope that this guy earned good money).
It seems that people who joined early and cash out early, made huge profit but people who joined later and waited, now don't have any profit.
Of course, this can change if bitcoin start to rise again this year, but I doubt that it will be possible to earn so good money with BTC as early adopters could in the begging.

You probably won't make 100 000% on your money in 2 years but you could make 1000% if Bitcoin goes up to a market capitalisation of 30 Billions and you buy now.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: leex1528 on January 08, 2015, 08:11:08 AM

Quote from: Wendigo on January 07, 2015, 09:20:31 AM

The guy that posted the reddit story about turning his savings into coins after losing his job is famous but I doubt it he is still on the bitcoin bandwagon and probably converted most of it into fiat.

If he converted anytime after like December of 2013 he lost tons of money. That hopefully isn't the case and he got tons of money but I don't know the actual story.

You never know what really happened (I hope that this guy earned good money).
It seems that people who joined early and cash out early, made huge profit but people who joined later and waited, now don't have any profit.
Of course, this can change if bitcoin start to rise again this year, but I doubt that it will be possible to earn so good money with BTC as early adopters could in the begging.

leex1528

hero member

Activity: 784

Merit: 1000

Quote from: Wendigo on January 07, 2015, 09:20:31 AM

The guy that posted the reddit story about turning his savings into coins after losing his job is famous but I doubt it he is still on the bitcoin bandwagon and probably converted most of it into fiat.

If he converted anytime after like December of 2013 he lost tons of money. That hopefully isn't the case and he got tons of money but I don't know the actual story.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Wendigo on January 07, 2015, 09:20:31 AM

The guy that posted the reddit story about turning his savings into coins after losing his job is famous but I doubt it he is still on the bitcoin bandwagon and probably converted most of it into fiat.

When did he convert his savings to bitcoins? Before November 2013?

Wendigo

legendary

Activity: 2604

Merit: 1036

The guy that posted the reddit story about turning his savings into coins after losing his job is famous but I doubt it he is still on the bitcoin bandwagon and probably converted most of it into fiat.

dmugetsu

member

Activity: 105

Merit: 10

Too much risk to take

So....Nope

Muuurrrrica!

member

Activity: 84

Merit: 11

Quote from: heartastack on December 27, 2014, 05:47:33 PM

I bitcoined my entire bitcoin in bitcoin and all I can bitcoin is that it's been bitcoin

+1

leex1528

hero member

Activity: 784

Merit: 1000

Tons of people went way over board with trying to buy Bitcoin, I told them it was silly and to only buy what they don't care about losing in fiat. A lot of people took that is they don't care if they lose everything in Fiat. Well you still got bills to pay and all that, and if something crashes you would rather be safe than sorry...

Sergios

member

Activity: 64

Merit: 10

No to investing in "Bitcoin" is in "the currency". Buyuing up Bitcoin to invest in Bitcoin companies and start ups, that is a different story

Bitcoin itself is good for day trading if you have enough of it. Grin

Topic: Who's brave/stupid enough to invest their life savings into Bitcoin? - page 2. (Read 33530 times)