Topic: Young people should go all in on bitcoin - page 80. (Read 63390 times)
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 .
Though bitcoin is getting more popular now but I do not see we should fully gamble with it. We do not know the future and anything could happen, when it comes to investment there should be a control that must be done and only put a certain percentage of your savings to investment.
Anyway if you will be successful, you cannot only double your money but you can have more than that so if you lose you will only lose a little portion of your savings.
That's right. I like the idea of underworking with bitcoin for teens, but to put everything on bitcoin sounds just wired to me, young generation become easy addictive and it's known fact from the basic psychology. So no gambling or investing or trading for youth people. But commenting for the campaing can become really good way to make free bitcoins for teens. Anyway if you will be successful, you cannot only double your money but you can have more than that so if you lose you will only lose a little portion of your savings.
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.
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.
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.
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.
The way you stated the situation on your topic, Your are commanding the young people into something which they must do. In the first place each of them had their owned free will of what they're going to choose or to do. Though, in some other way you are right, while they are young it is much good to save few of some bitcoins that is if they are open minded unto it. Actually, they're in the stage of learning process of their education season.
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.
Though bitcoin is getting more popular now but I do not see we should fully gamble with it. We do not know the future and anything could happen, when it comes to investment there should be a control that must be done and only put a certain percentage of your savings to investment.
Anyway if you will be successful, you cannot only double your money but you can have more than that so if you lose you will only lose a little portion of your savings.
Anyway if you will be successful, you cannot only double your money but you can have more than that so if you lose you will only lose a little portion of your savings.
I would never go all in, whatever the opportunity might be. I'm a cautious person who always likes to have a backup plan.
Learn from the big fish, don't put all your eggs in one basket. You never know what will happen! Despite what OP thinks it's as important when you're young as when you're old, because if your all in investment fails early on and leaves you in debt you will be scared to make a move for the rest of your life.
Learn from the big fish, don't put all your eggs in one basket. You never know what will happen! Despite what OP thinks it's as important when you're young as when you're old, because if your all in investment fails early on and leaves you in debt you will be scared to make a move for the rest of your life.
Eggs all in one basket? Yikes. True, the younger you are, the more risks you can take coz you'll have more years to work on any setbacks but remember we are talking about money. I wouldn't suggest this all in approach to anyone. Assuming their parents would allow them to do this, they can probably just save at most half of their money in bitcoin. They'll have to keep some fiat just in case of any emergency. Bitcoin is surely on an upward trend but we really can't say what will happen.
That is true. Most of the youngsters are always greedy and they just go all in investing but that is not how the smart people act. Don't put all the eggs in one basket, so if you apply that youngster should save some of their money like what you said for back up reasons. Even though bitcoin is a good investment then it doesn't mean that it is safe and you can put all your money because that is a silly move.For me bitcoin is a safe and good investment and i do not mind going all in with bitcoins. Since bitcoin is just a currency, if i need some money for emergency situation i can just cash out bitcoins without any hassle.
What we are cautious about is the possibility of a crash from which it will not recover. Sure it crashed before and has recovered and then exceeded pre-crash prices but we can never be too sure. Of course it wouldn't help to be too cautious - you could miss opportunities. We just need a right amount of prudence and going all in is no safe way of handling your money.
The problem is that a lot of youths still don't even know what bitcoin means or how it works or are afraid to invest in it and use it because bitcoins are not physical.
Eggs all in one basket? Yikes. True, the younger you are, the more risks you can take coz you'll have more years to work on any setbacks but remember we are talking about money. I wouldn't suggest this all in approach to anyone. Assuming their parents would allow them to do this, they can probably just save at most half of their money in bitcoin. They'll have to keep some fiat just in case of any emergency. Bitcoin is surely on an upward trend but we really can't say what will happen.
That is true. Most of the youngsters are always greedy and they just go all in investing but that is not how the smart people act. Don't put all the eggs in one basket, so if you apply that youngster should save some of their money like what you said for back up reasons. Even though bitcoin is a good investment then it doesn't mean that it is safe and you can put all your money because that is a silly move.For me bitcoin is a safe and good investment and i do not mind going all in with bitcoins. Since bitcoin is just a currency, if i need some money for emergency situation i can just cash out bitcoins without any hassle.
What we are cautious about is the possibility of a crash from which it will not recover. Sure it crashed before and has recovered and then exceeded pre-crash prices but we can never be too sure. Of course it wouldn't help to be too cautious - you could miss opportunities. We just need a right amount of prudence and going all in is no safe way of handling your money.
Young people should get involved with Bitcoin, that is true, and many Bitcoin users already are young people. But they shouldn't use Bitcoins just for gambling what many of them do. Bitcoin is,also the way how they can learn to manage their money, to learn how to invest and be responsible.
Excellent if indeed they are involved for more responsible and learn to manage your finances well in bitcoin, but most young people who still have unstable emotions, they will only be spent on things that don't need and have fun.
Engage in bitcoin takes time and a lot of concentration, but this was better than those who only play games and do something very unproductive. Minimum age appropriate to seek bitcoin is 17 years old, because they will know many bitcoin business models such as gambling, trading, and investments that need an understanding of risk.
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.
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.
Firstly when I read the topic, I thought you are insisting the teens to go for using Bitcoin as currency instead cash. But you want them to invest in Bitcoin.
Considering investment, not everyone in this world is comfortable enough to go for it. I still know people, who are happy to have their money in safe schemes like FD/RD etc along with spending on essentials like phone, etc. But yeah! If youth are interested in investment, Bitcoin should be their preferred choice.
Young people should get involved with Bitcoin, that is true, and many Bitcoin users already are young people. But they shouldn't use Bitcoins just for gambling what many of them do. Bitcoin is,also the way how they can learn to manage their money, to learn how to invest and be responsible.
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.
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.
If by "all in" you mean spare money I agree with you. It's much beter than spending them on alcohol or drugs, and also it's better than losing money in gambling. Not sure I understand what you mean by "the 21 BTC holder group" though.
IMO having any amount of BTC is a good thing.
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.
Yes, thats a good idea.Bitcoin will rule the future economy.I too have a dream of joining the 21 BTC holder group and im striving a lot for that.Bitcoin works on secured blockchain system and so i think no need to get afraid of loosing our investment. 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.
The main problem I see is young people usually don't have much to invest. When I was a student I never had any savings because I always needed stuff. Books, copies, rent, food, stuff to make my computer, internet, printer work flawlessly... I had a part time job, but there were girls and girls are expensive 
I wish I knew about Bitcoin back then, but even if I did I wouldn't have the money to buy a large amount.
I wish I knew about Bitcoin back then, but even if I did I wouldn't have the money to buy a large amount. 
I get your point but i think its not wise to depend in bitcoin, its very risky and there is no guarantee on what will happen in the future. yes its good to invest in btc because we all know that it is profitable if the value goes up but not stable. for the young people its fine to invest but not all your assets be wise enough, educate yourself in every path youre going to take and think carefully.
All in is totally risky for any kind of investment, and it's not wise to appeal in such a way to youngsters.
I'd better say — educate yourself about Bitcoin and buy some coins, find out how it works. But telling them to spend all money on Bitcoins is a nonsense.
I'd better say — educate yourself about Bitcoin and buy some coins, find out how it works. But telling them to spend all money on Bitcoins is a nonsense.
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I can't agree to this statement.
I would only save as much as it's absolutely necessary in younger age.
You're young only once, and you will grow older sooner than you realize.
Do something useful with the money have at that age, and that is enjoying life!
Putting all your money into bitcoin to save it for later, even if the bitcoin price goes sky high some day, you would regret it!
What a nonsense statement, If I just invested my whole wealth to bitcoin and the price keep sky-rocketing, then, there's nothing to regret, I will be pleased by the money I've earned by just investing and wait.I would only save as much as it's absolutely necessary in younger age.
You're young only once, and you will grow older sooner than you realize.
Do something useful with the money have at that age, and that is enjoying life!
Putting all your money into bitcoin to save it for later, even if the bitcoin price goes sky high some day, you would regret it!
But, the main problem we're talking here is if the price of bitcoin is falling instead of keeping rising, then those teenagers who just all in on bitcoin will be doomed immediately.
And if you're success on your investment when you're still young, it can be considered as something useful isn't it?
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.
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.
* Why would a youngster want to buy bitcoin or digital currency which cant serve todays purpose like purchase courseware, pay fees, etc.
* Considering btc is around $1200 to $1300 at this stage and If you are living with your parents then how much are you getting monthly to purchase "bitcoins" monthly?
* Isn't this advise better suited for young earners? Who are earning on their own.
Let's keep youngsters out of this and let them focus on study.
I can't agree to this statement.
I would only save as much as it's absolutely necessary in younger age.
You're young only once, and you will grow older sooner than you realize.
Do something useful with the money have at that age, and that is enjoying life!
Putting all your money into bitcoin to save it for later, even if the bitcoin price goes sky high some day, you would regret it!
I would only save as much as it's absolutely necessary in younger age.
You're young only once, and you will grow older sooner than you realize.
Do something useful with the money have at that age, and that is enjoying life!
Putting all your money into bitcoin to save it for later, even if the bitcoin price goes sky high some day, you would regret it!
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