Young people should go all in on bitcoin - page 70.

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Quote from: Theb on April 12, 2017, 12:46:22 PM

That is a bold prediction on what you are saying. By purchasing 21 BTC you are sure that they will become a millionaire? Its funny to think how positive people like you are. Because I don't see a Bitcoin priced at 1200$ will reach an amount so high that your 21 BTC will make you rich. You are just creating a senseless topic in which you are deceiving a lot of new users to follow your suggestion.

Its possible bitcoin has alot of potential but I disagree with this advice also as its equal to hoping for a lottery win. No skill involved, just get 21 bitcoin tickets and pray it goes higher.
Thats pretty naive as a plain for a happy and fortunate life. What bitcoin is going to need is smart young people to actually build a useful platform, improve the usefulness of this protocol so absolutely anyone can get a reliable money transfer system.

Right now bitcoin is a bit too fiddly, whats going to happen is the banks will engineer a system that favours them but is extremely easy to use with cartoon characters on their adverts or something to sell it.
Meanwhile bitcoin will stay a low percentage exposure product to the technical elite who missed the catch that its got to be usable by those who know nothing about your ideas and only want to expend 30 seconds of thought out of their life on your product before they move on.

People who think they'll get rich by doing nothing deserve to fail and most of them will.

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Quote from: whizter on April 12, 2017, 04:16:46 PM

Quote from: Pattart on April 11, 2017, 08:39:27 PM

Quote from: dinda22 on April 10, 2017, 10:58:05 AM

we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.

bitcoin could be advantageous (for those who are patient) because when people are not patient like a teenager, and easy to panic, then they will only get the loss of bitcoin.

in fact currently bitcoin is mostly use for investment and very less as a currency because the facilities of bitcoin are still not present in all the place to be use as currency. and the teenagers donot have such a good experience in investment and trading therefore bitcoin is not yet good for them.

Very well reply, I am 100% agree with your opinion. I also realize, mostly we use bitcoin only for investment and trading wise. Litter bit we are using bitcoin for shopping and extra activities, but everyone want to do with bitcoin only investment. And our youngsters start to do it, but our teenagers can't interest on it, because they don't know about it every well any investment.

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Quote from: Pattart on April 11, 2017, 08:39:27 PM

Quote from: dinda22 on April 10, 2017, 10:58:05 AM

we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.

bitcoin could be advantageous (for those who are patient) because when people are not patient like a teenager, and easy to panic, then they will only get the loss of bitcoin.

in fact currently bitcoin is mostly use for investment and very less as a currency because the facilities of bitcoin are still not present in all the place to be use as currency. and the teenagers donot have such a good experience in investment and trading therefore bitcoin is not yet good for them.

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Quote from: Theb on April 12, 2017, 12:46:22 PM

That is a bold prediction on what you are saying. By purchasing 21 BTC you are sure that they will become a millionaire? Its funny to think how positive people like you are. Because I don't see a Bitcoin priced at 1200$ will reach an amount so high that your 21 BTC will make you rich. You are just creating a senseless topic in which you are deceiving a lot of new users to follow your suggestion.

On the last years Bitcoin price tripled its price. And since the beginning it skyrocketed. The expectatives to see it happen again and again is high and many people here believe it. It's very possible. 21 BTCs now worth about $25.000, a good amount, on long term Bitcoin can more than triple its price again. Meanwhile holders invest their money, earning interest in BTCs, what is a smart idea, this way they are working to becoming rich on long term.

With 21 BTCs on your wallet you are done for the rest of your life.

Theb

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That is a bold prediction on what you are saying. By purchasing 21 BTC you are sure that they will become a millionaire? Its funny to think how positive people like you are. Because I don't see a Bitcoin priced at 1200$ will reach an amount so high that your 21 BTC will make you rich. You are just creating a senseless topic in which you are deceiving a lot of new users to follow your suggestion.

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Just make sure you have one.

If Bitcoin truly becomes what it can become, a whole bitcoin is more than plenty.
Time and patience is what you need, more than number of dollars invested.

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Quote from: Mvaporis1961 on April 12, 2017, 07:55:17 AM

Quote from: The Sceptical Chymist on March 04, 2017, 09:57:39 PM

All in? HELL NO, nobody should go all in, regardless of age. Taking higher risks when younger--that's all well and good. But going all-in on anything crypto is a recipe for bankruptcy. I wouldn't even allocate 20% to crypto. You'd have to be crazy to go even half-in, and I say that as a person who likes bitcoin. A lot. It's just way too risky.

Yeah going all in in crypto may result in many things,Not all cryptocurrency coin will remain as is in the future like what are they right now.
Plus putting aside many things and going all in crypto will affect a persons life totally and may destroy their future so this is not advisable to do

make sure that you have to calculate and analyze the possibility of what might happen when you've chosen the decision to go all-in because it would be too risky, so you should be prepared with all of it

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Quote from: The Sceptical Chymist on March 04, 2017, 09:57:39 PM

All in? HELL NO, nobody should go all in, regardless of age. Taking higher risks when younger--that's all well and good. But going all-in on anything crypto is a recipe for bankruptcy. I wouldn't even allocate 20% to crypto. You'd have to be crazy to go even half-in, and I say that as a person who likes bitcoin. A lot. It's just way too risky.

Yeah going all in in crypto may result in many things,Not all cryptocurrency coin will remain as is in the future like what are they right now.
Plus putting aside many things and going all in crypto will affect a persons life totally and may destroy their future so this is not advisable to do

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Quote from: Pattart on April 11, 2017, 08:39:27 PM

Quote from: dinda22 on April 10, 2017, 10:58:05 AM

we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.

bitcoin could be advantageous (for those who are patient) because when people are not patient like a teenager, and easy to panic, then they will only get the loss of bitcoin.

The average of teenagers is new on the bitcoin. and they are not having a lot of knowledge about the trade of bitcoin and they should be learned more about it earlier.

That's why the teenager needs a mentor to be a guide for their trading journey. There is no reason for the complete newbie to join on the big market of bitcoin.

Pattart

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Quote from: dinda22 on April 10, 2017, 10:58:05 AM

we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.

bitcoin could be advantageous (for those who are patient) because when people are not patient like a teenager, and easy to panic, then they will only get the loss of bitcoin.

Janation

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Quote from: cellard on March 04, 2017, 09:28:10 PM

Forget about everything else and just put everything on bitcoin. You are living with your parents, they pay everything for you, you got nothing to lose. If I was living with my parents, I would save everything and buy bitcoin monthly. If BTC doesn't keep rising you can still reach the 21 BTC holder group, then save this and retire in 10 years when the price makes you a millionaire.

Go all in on regret later. You are on a privileged position to profit from high risk high reward moves. No risk no win, and BTC is the best long term high risk bet.

I think you are stating the fact to help these young people.to habe a good and brght future, that is really nice of you. But wouldn't it be making a negative result to that young people. Yes it is great to engage people earlier so they will be having a long time learning the process, it will be a high possibility of success. But I prefer to not be focussed on such thing because they can be something more than that, we cant let them do it because we want to, they must do it because they want to.

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Quote from: LastKiss on April 10, 2017, 04:27:39 AM

Indeed, many of them already have access to internet but unfortunately they only care about how to become "famous" in real life rather than knowing this awesome bitcoin. so making them attracted to bitcoin is really hard more getting hard if they had lame of intention.

We cannot know until we try. Not all younger generation are all for games and useless things or being famous, there are lots of young people I know are already eager earning money to help their family. So definitely introducing Bitcoin to them and how it can help them to earn money will interest them. Though I will always advice them to prioritize their study because it will be their foundation in their Life. Bitcoin is just a bonus.

ophyrim

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I am sure bitcoin will be more valuable in the future which means bitcoin is a good instrument for investment. Especially for the young people. So i absolutely recommend young people to invest their money to bitcoin.

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Quote from: ethereumhunter on April 09, 2017, 10:33:40 PM

young people have the best option to buy bitcoin if they still live with their parents and they don't spend their money for buying need in daily. i think its the best thing that young people can do to invest their money in bitcoin while they go to school or college, i think if they are finish their study and in that time, bitcoin price is increase, then i am sure that they will be rich by selling their btc. still this is an opportunity for young people for who realize about the new technology in front of them.

Yep that's a smart comment.
Most of the people like to use Bitcoin for weird things and have no idea why they have no money when the price goes up shouldn't be using Bitcoins. There's just a junk feeling that lurks around when discussing Bitcoin to someone younger, they will either not get it or somehow that feeling just hits you saying that this young person should've be doing what they wanted at that time instead of learning about Bitcoin then ruining their lives doing something wrong. Most of the people that use Bitcoin go to Jail for doing something bad, not all people that use Bitcoin go to Jail though so we have to be careful about explaining Bitcoin to someone with a less mature mindset.

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Quote from: AlexM on April 10, 2017, 09:37:00 AM

Quote from: The Sceptical Chymist on March 04, 2017, 09:57:39 PM

All in? HELL NO, nobody should go all in, regardless of age. Taking higher risks when younger--that's all well and good. But going all-in on anything crypto is a recipe for bankruptcy. I wouldn't even allocate 20% to crypto. You'd have to be crazy to go even half-in, and I say that as a person who likes bitcoin. A lot. It's just way too risky.

As someone who went all in (100% of my portfolio, I still had a 10% of my money to cover unforseen expenses) I can confirm it is crazy, it is risky but weeks of being 90% down are long gone. I started taking out my initial fiat investment every year since and I still have over half my coins.
People should take calculated risks.

So will you advice young people to go all in at once or slowly even when taking calculated risk?

Taki

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Here you counted all the pluses of bitcoin's using. I am agree that bitcoin could be the greatest opportunety to get some financial freedom from parents.

xvids

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Maybe but I think not every one just the ones who doesn't have responsibilities or obligation,
Because we all know that not everyone can afford to gamble or put some money in it there are some that really need it.

dinda22

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we already know about bitcoin and it is very profitable. and it's really good for those of you who still get money from parents and go all in investment in bitcoin. very good to set aside money and saving in the form of bitcoin.

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Quote from: hankyulpark on April 10, 2017, 10:46:49 AM

It is interesting to make some "risky" investments on early age Grin

It helps you to learn by doing it, and to do better risk management in the future. Of course, you shouldn't put all your college money on it, even if the return rate sounds spectacular and you are pretty sure that everything is O.K.

don't let the school fees at risk, it is something we need to always assure of, though youngs can really earn in bitcoin, it will still depends on them if they were interested, are they enthusiast enough to give their time for earning. Those youngs who are in need of money must learn btc for its a great help. Bitcoin is really well recommended to everyone who wants to earn and who wants to assure their savings and future.

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It is interesting to make some "risky" investments on early age Grin

It helps you to learn by doing it, and to do better risk management in the future. Of course, you shouldn't put all your college money on it, even if the return rate sounds spectacular and you are pretty sure that everything is O.K.

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