Quote
I want to invest everything I have in bitcoin this year
I think tonight's the night
Topic: xx - page 2. (Read 6362 times)
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.
That is standard advice, but it isn't right for everyone.
In 1988 I had $12k and considered investing it all in Microsoft, but I didn't.
In 1996 I had $22k and considered investing it all in Apple, but I didn't.
The standard advice keeps you safe but it won't make you rich.
For every example where a lucky investor made a pile of money by betting everything on one or a handful of stocks, there are many more disaster stories of investors losing it all when the shares went bust.
Betting your entire bankroll on one investment will make you look like a genius if you get lucky, but it has a greater probability of making you look like an utter fool.
Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.
That is standard advice, but it isn't right for everyone.
In 1988 I had $12k and considered investing it all in Microsoft, but I didn't.
In 1996 I had $22k and considered investing it all in Apple, but I didn't.
The standard advice keeps you safe but it won't make you rich.
i read the comments after mine on the 3rd page
thanks. i appreciate the advice. its like 780 and hopefully it gets lower so i can buy in
i plan to use coinbase but hopefully they dont cancel my "high risk" investment
like they are known to do
thanks. i appreciate the advice. its like 780 and hopefully it gets lower so i can buy in
i plan to use coinbase but hopefully they dont cancel my "high risk" investment
like they are known to doStop Stop Stop.
You started this thread when Bitcoin was about $815?
What was the advice that you received from the majority?
"BUY THEM BITCOINS NOW WHEN THEY ARE STILL CHEAP"
or
"DONT SPEND ALL YOUR MONEY AT ONCE BUT BUY NOW!"
Now that Bitcoin is sub $750. Shouldn't a whole lot of people on this thread be getting scored off your viable advice givers list? I have been arguing with many of these maggots more or less all the way down from the ATH. All they are ever gonna tell you is to buy and hold and if you take that advice in the middle of an extended bear trend, then you are screwed. Alright for them, their Bitcoins cost less than $100 and they desperately need mugs to pile into this market to keep up the nominal value of their investments. I advise that you don't spend a damn penny on a single Satoshi until Bitcoin start's giving strong technical indications that the bear trend has bottomed or is bottoming and the trend is finally reversing. If $700-$720 breaks, get ready for $500 Bitcoin! How would you like being the proud holder of $820 Bitcoins if that situation comes about?
I think diversification is the smart way to go.
Bitcoin went from $10 to $1000 within a year in 2013. Putting your life savings into bitcoin back then would have been extremely clever. But imagine if you bought bitcoins at $1000 each (yes I know it's $738 at the moment, but I'm just using a rounded example) and the price went to $100 this year. Many investors would shrug their shoulders and still be on a 10x gain. They'd still be happy. You'd be sitting on a near total loss.
Bitcoin went from $10 to $1000 within a year in 2013. Putting your life savings into bitcoin back then would have been extremely clever. But imagine if you bought bitcoins at $1000 each (yes I know it's $738 at the moment, but I'm just using a rounded example) and the price went to $100 this year. Many investors would shrug their shoulders and still be on a 10x gain. They'd still be happy. You'd be sitting on a near total loss.
I think 6BTC is enough for anybody btw. no need to spend all your money.
lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.
6..... because thats roughly the same amount I have. nobody aught to have more than me.
the percentage of the global money supply you will own in this case is a disgusting amount. 6 BTC will make you a millionaire probably (assuming a binary outcome)
I think 6BTC is enough for anybody btw. no need to spend all your money.
lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.
Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country
much more powerful than Fibonacci sequence ... 
Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ
I'm sure he was a great mind, but stories like an earthquake machine or wireless electricity are just ridiculous. It's doing him a disservice.
I think 6BTC is enough for anybody btw. no need to spend all your money.
lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.
Tesla 3,6,9 sequence ... that harmonics can create an earthquake and destroy a whole country
much more powerful than Fibonacci sequence ... Stuff They Don't Want You To Know - Nikola Tesla
http://youtu.be/Vp0CYZ2s_cQ
I think 6BTC is enough for anybody btw. no need to spend all your money.
lol why six? why not five or ten? i'm in this for the cold hard cash. if my investments can't net me at least a million within the next couple years, then it's a waste of time.
This is Beginning of the End and crytical mining factor coming at 5 cents per Gh at 24h !!!
(current mining factor is 14,7 cents per Gh at 24h)
https://bitcointalksearch.org/topic/btc-beginning-of-the-end-420005
(current mining factor is 14,7 cents per Gh at 24h)
https://bitcointalksearch.org/topic/btc-beginning-of-the-end-420005
Thats because Mtgox, nothing to panic.
I think its the best investment ever, even now. Yes I also invested a lot, because I believe in the potential.
$ 1000 is cheap for a Bitcoin.
I think its the best investment ever, even now. Yes I also invested a lot, because I believe in the potential.
$ 1000 is cheap for a Bitcoin.
just buy and hold now. it sounds like you wont be in a bad spot without this money, so you can afford to do this. everyone keeps saying that the price will dip any time now, but they have been saying that since christmas. sure weve had brief dips but unless you had money on a exchange it was so brief it was hard to take advantage of.
some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...
some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...
What he says.
Wouldnt go all in on btc now. Just hold like 25% fiat in case price drops even more, and else just hold your fiat and dont panic buy with it.
just buy and hold now. it sounds like you wont be in a bad spot without this money, so you can afford to do this. everyone keeps saying that the price will dip any time now, but they have been saying that since christmas. sure weve had brief dips but unless you had money on a exchange it was so brief it was hard to take advantage of.
some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...
some people think it may go down to 600 from 800, so a 25% lose, but nearly everyone is confident that it will be over 3k this year, a 375% gain (3k is a low number accepted by nearly everyone, many people talk of 10k)
so with those numbers buying in now is clearly a good choice. sure you may be able to buy more if it dips, but I dont care to gamble like that, small differance in a year or 2...
it may, I am a risk taker but i saved every penny for 4 years. If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
Ok, it seems like you made up your mind. Maybe think a bit longer about how much you really want to put into BTC -- after all it's still a high-risk investment.
However, if you don't want to start trading your bitcoins, make sure you use the method of dollar cost averaging that DeathAndTaxes described earlier in this thread: https://bitcointalksearch.org/topic/m.4966458
Other than that, it may turn out really useful to learn some basics about trading, how to read the market: learn about the basic indicators, patterns etc... It will help you find good entries and/or exits, even if you don't plan on trading much.
hello, i read the messages on the 3rd page
no, losing this money would not put me on the streets.
it is all the money i have right now though. I saved for literally 4 years. I remember when I only had 400 in my bank and I literally bought lottery tickets. I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment
Being that as it may, I am a risk taker but i saved every penny for 4 years. If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
I regret buying btc for 988 but then i quickly canceled so i got my funds back. i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping
no, losing this money would not put me on the streets.
it is all the money i have right now though. I saved for literally 4 years. I remember when I only had 400 in my bank and I literally bought lottery tickets. I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment
Being that as it may, I am a risk taker but i saved every penny for 4 years. If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
I regret buying btc for 988 but then i quickly canceled so i got my funds back. i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping
What are your objectifs? A quick buck? A solid long-term investment?
You could buy some gold (find a good price), buy a few btc and send them to a paper wallet then don't watch the btc price more than once a week and hide your paper wallet well (but not well enough that you won't be able to access it)-You could also invest on yourself by learning something that will help you professionally or in life
hello, i read the messages on the 3rd page
no, losing this money would not put me on the streets.
it is all the money i have right now though. I saved for literally 4 years. I remember when I only had 400 in my bank and I literally bought lottery tickets. I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment
Being that as it may, I am a risk taker but i saved every penny for 4 years. If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
I regret buying btc for 988 but then i quickly canceled so i got my funds back. i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping
no, losing this money would not put me on the streets.
it is all the money i have right now though. I saved for literally 4 years. I remember when I only had 400 in my bank and I literally bought lottery tickets. I won total of 550-600 (so i made like 150-200 profit)
I then looked online and the odds of winning that 1 and only 500 dollar ticket that put me in profit was very high
the other tickets i won were like a total of 150-200
if it wasnt for that 500 dollar ticket i would have lost half my investment
Being that as it may, I am a risk taker but i saved every penny for 4 years. If I invest I will try to stick by it
(I have a roof over my head and food in me for the time being) but it is just all the capital I have. Losing it in bitcoin (if it does die) would disappoint me but it would be an investment with risk like all investments.
I regret buying btc for 988 but then i quickly canceled so i got my funds back. i was too scared to buy when it was 500 (looking back i should have but that 988 scared me)
now its dropping, i cannot resist if it keeps dropping
Invest what you can afford to lose, not everything you have!!! Are you mad??
If you have no dependents and can't afford to lose all your liquid assets, I pity you.
Are you suggesting someone should put every single penny they own into something that can be defined all but predictable? If this is the case, I pity you too.
Nope. I'm not suggesting anything of the sort. I don't care how OP wishes to gamble with their money (it's not "investment" if there's no understanding).
I'm merely offended by the notion that one cannot afford to lose X, where most people in the world cannot afford to dream of attaining X.
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