Who's brave/stupid enough to invest their life savings into Bitcoin? - page 9.

segvec

full member

Activity: 196

Merit: 100

The cheddar breed jealousy

Quote from: picolo on November 05, 2014, 04:12:03 PM

Quote from: Beliathon on October 18, 2014, 09:45:52 AM

What's up bitcoin noobs? Just dropping in to remind everyone what a cool cat I am.

Still got 97.5% of my life savings in Bitcoin. Still coasting at 250%+ ROI from time of divestment from that worthless scam called fiat.

It is not impressive if we don't know how much your life savings is

Word.
+1.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Beliathon on October 18, 2014, 09:45:52 AM

What's up bitcoin noobs? Just dropping in to remind everyone what a cool cat I am.

Still got 97.5% of my life savings in Bitcoin. Still coasting at 250%+ ROI from time of divestment from that worthless scam called fiat.

It is not impressive if we don't know how much your life savings is

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

What's up bitcoin noobs? Just dropping in to remind everyone what a cool cat I am.

Still got 97.5% of my life savings in Bitcoin. Still coasting at 250%+ ROI from time of divestment from that worthless scam called fiat.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: bitcoin_bagholder on October 17, 2014, 03:14:55 AM

Quote from: keithers on October 17, 2014, 01:58:23 AM

Quote from: picolo on October 16, 2014, 11:57:22 PM

Quote from: Argwai96 on October 16, 2014, 10:53:13 PM

Quote from: picolo on October 16, 2014, 06:23:10 PM

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

Interest on savings accounts almost never beat inflation. Interest on savings accounts is so pitifully low it's not even funny.

My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.

Inflation at the grocery store is probably 4-8% last few years

Quote from: The Bad Guy on October 17, 2014, 02:01:50 AM

Not me , I guess everyone belieave on Bitcoin but investing my life savings ? I would never gamble like that.
I only invest amounts that I can afford to lose.

If you invest 5 or 10% of your life savings in Bitcoin, it isn't too risky

Pulley3

newbie

Activity: 25

Merit: 0

Quote from: theskillzdatklls on October 16, 2014, 08:57:34 PM

i am. i have had between 40-90% of my net worth in bitcoin depending on the month and im respectably wealthy.

And a bit cocky too. Grin

bitcoin_bagholder

sr. member

Activity: 336

Merit: 250

Quote from: keithers on October 17, 2014, 01:58:23 AM

Quote from: picolo on October 16, 2014, 11:57:22 PM

Quote from: Argwai96 on October 16, 2014, 10:53:13 PM

Quote from: picolo on October 16, 2014, 06:23:10 PM

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

Interest on savings accounts almost never beat inflation. Interest on savings accounts is so pitifully low it's not even funny.

My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: The Bad Guy on October 17, 2014, 02:01:50 AM

Not me , I guess everyone belieave on Bitcoin but investing my life savings ? I would never gamble like that.
I only invest amounts that I can afford to lose.

I agree with you.
In today's world nothing is 100 % safe.
Even big banks or even whole countries can collapse (Argentina for example ) so to put trust and life savings into Bitcoin is really not smart move.
Invest only amount you can afford to loose and this is the best advice for all bitcoin users.

gravitate

legendary

Activity: 1372

Merit: 1000

I put 50% savings into btc and 50% into fiat for my kids savings

I play it safe

The Bad Guy

sr. member

Activity: 280

Merit: 250

Not me , I guess everyone belieave on Bitcoin but investing my life savings ? I would never gamble like that.
I only invest amounts that I can afford to lose.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: picolo on October 16, 2014, 11:57:22 PM

Quote from: Argwai96 on October 16, 2014, 10:53:13 PM

Quote from: picolo on October 16, 2014, 06:23:10 PM

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

Interest on savings accounts almost never beat inflation. Interest on savings accounts is so pitifully low it's not even funny.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Argwai96 on October 16, 2014, 10:53:13 PM

Quote from: picolo on October 16, 2014, 06:23:10 PM

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

Argwai96

legendary

Activity: 1036

Merit: 1000

Thug for life!

Quote from: picolo on October 16, 2014, 06:23:10 PM

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

i am. i have had between 40-90% of my net worth in bitcoin depending on the month and im respectably wealthy.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: bitcoinstarter on September 29, 2014, 12:22:56 AM

Quote from: ?? on ??

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

botany

legendary

Activity: 1582

Merit: 1064

Quote from: chopstick on October 12, 2014, 02:09:37 PM

All us BTC hodl'ers are gonna be rich

I have SEENT it

Yup, and it doesn't matter if you have invested a small amount or your life savings into it.

chopstick

legendary

Activity: 992

Merit: 1000

All us BTC hodl'ers are gonna be rich

I have SEENT it

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: pitham1 on October 12, 2014, 12:00:22 PM

Quote from: bitcoinmon on October 10, 2014, 07:02:15 PM

Quote from: leex1528 on September 29, 2014, 01:39:37 PM

Bitcoin might go below $100 dollars:/

If it did, I'd put most of my savings in it then Grin

And then you may see it go to $10.

And then you might pull bitcoins out of your derriere. I might pay $10 to see that.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: bitcoinmon on October 10, 2014, 07:02:15 PM

Quote from: leex1528 on September 29, 2014, 01:39:37 PM

Bitcoin might go below $100 dollars:/

If it did, I'd put most of my savings in it then Grin

And then you may see it go to $10.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: CoinFan10076 on October 09, 2014, 11:12:21 AM

Putting all of your savings into anything Shocked

is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride.

You would have do better pouring your money into the stock market than money fundsk, savings accounts or real estate in the USA but the stock market is probably overinflated and even if it will go up it may perform less than Bitcoin, Gold or foreign assets

bitcoinmon

newbie

Activity: 10

Merit: 0

Quote from: leex1528 on September 29, 2014, 01:39:37 PM

Bitcoin might go below $100 dollars:/

If it did, I'd put most of my savings in it then Grin

Topic: Who's brave/stupid enough to invest their life savings into Bitcoin? - page 9. (Read 33506 times)