Young people should go all in on bitcoin - page 79.

carlisle1

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Quote from: cellard on March 04, 2017, 08:28:10 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.

It could be a good approach to start planning on making an investment with bitcoin for the young ages while they are still living and being financed by their parents especially the teenagers but for sure these people would be more interested to save most of their money for their extravagance such as gadgets, clothes etc. And although your suggestion has some point and could bring a good result to them but going all in is not necessary for them I guess because they are still young and they still need to understand many things .

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Quote from: cellard on March 04, 2017, 08:28:10 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 cannot but say well done on your convictions but did you even consider the cost of one bitcoin, as I dont think anyone leaving with his parent by your analysis does not work neither is being responsible for anything will be able to afford one bitcoin obviously he wont get it from his parent. From your perspective, it might be a small money but over here where I come from, 1BTC is a whole lot of money. Lets say after a while an individual is able to gather, what will be the consolation in the case of drop in price?

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Quote from: noormcs5 on March 07, 2017, 10:27:29 AM

Quote from: pooya87 on March 07, 2017, 02:58:33 AM

young or old, it doesn't matter much, bitcoin is a very good investment and it will give a very good return as your profit but it is never a guaranteed profit, that is why you should never "go all in".
invest an amount that you feel comfortable with, and then try to enjoy the benefits of bitcoin as a currency too. and see the good features, and remember that when you use bitcoin you are helping the adoption of bitcoin.

Exactly, age does not matter on that thing, because as long as you can invest or save money into bitcoin it is your advantage, I guess
it is better if you say as early as you can you should go in bitcoin, but not all what you have because we do not know what will happen
tomorrow.

What you said is true, that only risk that much which you can afford to lose so only invest that much which you can afford to lose means if tomorrow bitcoin goes absolute then you should not get affected in life. My suggestion is only go with 50% of your income and keep balance 50% for real life benefits.

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Quote from: VanDeinsberg12 on March 07, 2017, 09:10:02 AM

Quote from: UCHCHILD on March 07, 2017, 08:40:28 AM

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

many people believe bitcoin will have bright future but they don't know what's in the future and have no clue, it's better for you to keep inside safe zone rather than risking with nonsense reason.

if you believe in it just go and make that all in but if you still hesitating you still have time to research and understand more, for me bitcoin can rises more so if you can start investing its really a big money to claim after several years, just needed to understand the risk and possible outcome.

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Quote from: pooya87 on March 07, 2017, 02:58:33 AM

young or old, it doesn't matter much, bitcoin is a very good investment and it will give a very good return as your profit but it is never a guaranteed profit, that is why you should never "go all in".
invest an amount that you feel comfortable with, and then try to enjoy the benefits of bitcoin as a currency too. and see the good features, and remember that when you use bitcoin you are helping the adoption of bitcoin.

Exactly, age does not matter on that thing, because as long as you can invest or save money into bitcoin it is your advantage, I guess
it is better if you say as early as you can you should go in bitcoin, but not all what you have because we do not know what will happen
tomorrow.

allthingsluxury

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I wouldn't suggest this at all, but, putting a portion of what you can "save" is never a bad idea and dollar cost averaging is also, always a good idea.

VanDeinsberg12

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Quote from: UCHCHILD on March 07, 2017, 08:40:28 AM

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

many people believe bitcoin will have bright future but they don't know what's in the future and have no clue, it's better for you to keep inside safe zone rather than risking with nonsense reason.

UCHCHILD

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Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

NEWGOODOUBLE

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Quote from: virasisog on March 07, 2017, 04:16:40 AM

All in? It is not a winning move even the top richest people will not go all in ,putting all your eggs in one basket is a really big risk . Let say you go all in and what if something happens in any wallet or in the bitcoin in the future ,Nothing is 100% sure that you will be a millionaire in bitcoins . The best idea there is having many investments not only bitcoins well then , we have a different stratedgies and thinking so let them decide .

youth usually do not think that far the young man will not think about the risks too deep. they only think about the possible benefits will be found even if it is at risk. so do not be surprised if he had invested with all the money they have

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Quote from: cellard on March 04, 2017, 08:28:10 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.

Bad advice - diversify. ETH and XMR are much more promising now btw.

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Quote from: LeGaulois on March 07, 2017, 07:28:00 AM

Investing all in one type of investment only is a big big mistake. If you listen or read multiple funds managers or those kind of people they all preach the same thing: diversity. Diversity is what make your invested money less possible to lose. More investments you have, less risky you are going to lose your total money invested. So investing in bitcoin is a thing but investing everything you have in a big mistake

Even in bitcoin you cannot invest in all tyoe of investing options. You have whether in it is scam or ponzi schemes and then only you have to move with your part investment. Plans such as cloud mining, doubling, lending platforms. These are mostly a ponzi schemes so be aware of those. Even in trading also have trusted escrow to avoid scams.

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Investing all in one type of investment only is a big big mistake. If you listen or read multiple funds managers or those kind of people they all preach the same thing: diversity. Diversity is what make your invested money less possible to lose. More investments you have, less risky you are going to lose your total money invested. So investing in bitcoin is a thing but investing everything you have in a big mistake

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this would be a smart ove i done when bitcoin was at $200, but anyone was seriously believing about $1300 in less than a year? was really impossible to think about back then, now it's easy to talk about it after it happened, young people cannot understand this technology they will not throw money from their parent in somethign so volatile

Mvaporis1961

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Yeah right I think every teenager should invest in their future and save some money for it,
And I think Bitcoin would provably be the best investment for them since I am assuming that they are not yet in a legal age so they can even use it easily and make some earning through it,
But I guess not every would be so wise and invest their money on this crypto currency there would still be other who would choose to spend their money just for fun.

Vorth

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All in to bitcoin? Really?, We do not know what will happen tomorrow or to the future of bitcoin. I am a bitcoin saver and earner but then I guess there is no wrong on doubting how bitcoin will work in the future, the possibility of crashing down, maybe things will not be the same as what we have now. The users of bitcoin is increasing yet we do not know until when people gonna hold it on.
And even you are living with your parents you cannot rely yourselves all thru out your living with them. I mean how old do you recommend to start saving? And then how old are you after 10 years? Is bitcoin still in high value? I guess, it is much recommended if you just partly save out of your fiat, not all what you have to get and convert it in bitcoin.

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Quote from: lionheart78 on March 07, 2017, 04:33:14 AM

Quote from: Doms on March 06, 2017, 11:10:22 PM

Even if you believe that bitcoin is going to be a great investment for years to come, I don’t think you should put everything you have in one single form of investment. Diversifying is still the safer way to go. The young ones have a lot of time to recoup losses as they learn to manage risks and decide wisely on which investments they are going to keep. If I were in my early 20’s, I would put about 30% of my earnings into bitcoin, while I also set aside a small amount for my savings and some other safer investment. Doing that regularly would already give me a good amount of investment for my future.

The advice is for all teenagers/singles that does not have a financial responsibility to his family. They are the one who still have an allowance from their parents. So making all in to Bitcoin is a good thing for these group of people. And when the time come, probably 10 years after, they will see how they investment have grown.

but i think they can only get their pocket money from their parents, then how can they manage to buy bitcoin and also fulfill their needs for which they receive their pocket money from their parents. i think they should first complete their study and after that they should try to think about bitcoin investment.

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Quote from: virasisog on March 07, 2017, 04:16:40 AM

All in? It is not a winning move even the top richest people will not go all in ,putting all your eggs in one basket is a really big risk . Let say you go all in and what if something happens in any wallet or in the bitcoin in the future ,Nothing is 100% sure that you will be a millionaire in bitcoins . The best idea there is having many investments not only bitcoins well then , we have a different stratedgies and thinking so let them decide .

i am always saying the same thing and it is a perfectly good thing to say. but what OP is suggesting is that "young people" who are living with their parents still and get an allowance for example and are not going to starve to death with no money in their pocket can go all in bitcoin.
for them this is a perfectly good strategy in my opinion since bitcoin is rising and it is the money that you are not going to miss.

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Quote from: cellard on March 04, 2017, 08:28:10 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.

Young people also have thier own needs something will help them with thier study or other things that's really needed, how ever this is a good plan to start investing and bitcoin is the good choice for long term investment.

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Quote from: Doms on March 06, 2017, 11:10:22 PM

Even if you believe that bitcoin is going to be a great investment for years to come, I don’t think you should put everything you have in one single form of investment. Diversifying is still the safer way to go. The young ones have a lot of time to recoup losses as they learn to manage risks and decide wisely on which investments they are going to keep. If I were in my early 20’s, I would put about 30% of my earnings into bitcoin, while I also set aside a small amount for my savings and some other safer investment. Doing that regularly would already give me a good amount of investment for my future.

The advice is for all teenagers/singles that does not have a financial responsibility to his family. They are the one who still have an allowance from their parents. So making all in to Bitcoin is a good thing for these group of people. And when the time come, probably 10 years after, they will see how they investment have grown.

btcdiggingmaster

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It is not a suggestible idea for young people to invest their money into bitcoin. Because we don't know how governments are going to react about bitcoin after some time. It's better to save the small amount of your fiat into bitcoin because it will not affect your education and if you make money through bitcoin than it will helpful for your studies.

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