Who's brave/stupid enough to invest their life savings into Bitcoin? - page 6.

Danx-

member

Activity: 77

Merit: 10

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?

it needs allot of bravery to actually do this, bitcoin price isn't that stable currently and another dive in price is possible. The guy who bought them before made a good win but this isn't guaranteed at all.

nauane

full member

Activity: 322

Merit: 101

I'm thinking seriously in invest monthly 2% (initially) and depending increase to 5% after the first 6 months.
I hope it works

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Invest responsibly!

It's great that new options are coming out for all of us to invest our precious Bitcoins...options and future contracts are just the start!

vm_mpn

hero member

Activity: 605

Merit: 500

Nobody here is stupid enough to invest his/her life savings in Bitcoin... If you need to invest your life savings Coinye is a way to go. http://en.wikipedia.org/wiki/Coinye

picolo

hero member

Activity: 1022

Merit: 500

Quote from: mlferro on December 12, 2014, 07:41:08 AM

I think it has no problems invest 1% of their monthly income in bitcoins.

10% of everything you save or 5 to 10% of your overall savings. It depends on what risk you are willing to take and what risk you think you are taking when you buy BTC.

mlferro

sr. member

Activity: 252

Merit: 250

I think it has no problems invest 1% of their monthly income in bitcoins.

Meuh6879

legendary

Activity: 1512

Merit: 1012

96% bitcoin saving economies.
4% in bank (month stupid invoices).

not too bad ... 1 year to convert all (1/8 at 500 euros, 7/8 at 300 euros).

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: newIndia on December 12, 2014, 04:02:06 AM

Quote from: Rassah on December 12, 2014, 03:54:08 AM

If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?

Because, in the offline world, a lot of merchants have not yet heard of Bitcoin. So, if I need to buy something from them, I need to have FIAT in possession. Sad, but true, the internet population is still less than the non-internet population across the globe.

So convert only what you need to spend into fiat

newIndia

legendary

Activity: 2226

Merit: 1052

Quote from: Rassah on December 12, 2014, 03:54:08 AM

If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?

Because, in the offline world, a lot of merchants have not yet heard of Bitcoin. So, if I need to buy something from them, I need to have FIAT in possession. Sad, but true, the internet population is still less than the non-internet population across the globe.

Rassah

legendary

Activity: 1680

Merit: 1035

If you believe that bitcoin will survive and be widely adopted long term, why would you hold other currencies?

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: WoopDeBoop on December 11, 2014, 10:41:26 PM

Quote from: moriartybitcoin on December 11, 2014, 04:12:52 PM

I put $750k into bitcoin this year, bought at $650 :-(

It's only 15% of my net worth tho .. the rest I have in VERY secure investment.

stealing other peoples coins doesn't count as investing

this guy needs to go down. He stole $80k from some dude. Check the scam acusations.

WoopDeBoop

full member

Activity: 271

Merit: 101

Quote from: moriartybitcoin on December 11, 2014, 04:12:52 PM

I put $750k into bitcoin this year, bought at $650 :-(

It's only 15% of my net worth tho .. the rest I have in VERY secure investment.

stealing other peoples coins doesn't count as investing

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: leex1528 on December 11, 2014, 04:16:40 PM

Quote from: moriartybitcoin on December 11, 2014, 04:12:52 PM

I put $750k into bitcoin this year, bought at $650 :-(

It's only 15% of my net worth tho .. the rest I have in VERY secure investment.

You put 750,000 dollars into Bitcoins??? Wowzers!

Just curious as to what job do you have that you can afford to put that much money into something.

Theft.

leex1528

hero member

Activity: 784

Merit: 1000

Quote from: moriartybitcoin on December 11, 2014, 04:12:52 PM

I put $750k into bitcoin this year, bought at $650 :-(

It's only 15% of my net worth tho .. the rest I have in VERY secure investment.

You put 750,000 dollars into Bitcoins??? Wowzers!

Just curious as to what job do you have that you can afford to put that much money into something.

moriartybitcoin

hero member

Activity: 560

Merit: 500

★777Coin.com★ Fun BTC Casino!

Quote from: gravitate on December 09, 2014, 06:54:28 AM

I have 30 bitcoins. Should I sell or keep?

no reason to sell unless you need cash to buy your dinner ..

moriartybitcoin

hero member

Activity: 560

Merit: 500

★777Coin.com★ Fun BTC Casino!

I put $750k into bitcoin this year, bought at $650 :-(

It's only 15% of my net worth tho .. the rest I have in VERY secure investment.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Quote from: TrailingComet on December 10, 2014, 04:43:31 AM

Just did the math, I have 10% of my net worth in cryptos.
That's 10% of not very much, mind you... Wink

10% is an acceptable amount of risk for most asset allocations.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: TrailingComet on December 10, 2014, 04:43:31 AM

Just did the math, I have 10% of my net worth in cryptos.
That's 10% of not very much, mind you... Wink

I have 0.5% of my net worth.
Real estate really skews the allocation.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: gravitate on December 09, 2014, 06:54:28 AM

I have 30 bitcoins. Should I sell or keep?

Keep 21 for long term so that you can say that you have 1 millionth of all bitcoins.

Spend/invest/use the rest.

Work on getting to 1 100,000th.

TrailingComet

sr. member

Activity: 462

Merit: 250

Just did the math, I have 10% of my net worth in cryptos.
That's 10% of not very much, mind you... Wink

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