Topic: Young people should go all in on bitcoin - page 81. (Read 63400 times)
I think young people should be educated about BTC, but the decision if they use it should be their own
It is good that you think the finances of our parents. Its not right that we must force young people to go into bitcoin. Also a risks but it is nice if with proper guidance. Bitcoin is a good investment yet a risks also to invest all into bitcoin. We have saying not to put all your iin one basket.
I truly support that Bitcoin is the best investment that humanity have came across in decades but I certainly do not say that put everything in bitcoin even if someone is living with their parents. I believe everyone should have a good mix of bitcoin and fiat currency and not everything in bitcoin.
Exchanging bitcoin into fiat currency is a time consuming procedure and it involves a certain amount of fees. Hence having a healthy balance in fiat currency is required so that one can support during themselves during the hard times. AT least 30% of a student's savings should be kept in cash and rest can be invested in bitcoin which may fetch him a decent amount of return in future. Having a good mix of fiat and bitcoin is always recommended.
Exchanging bitcoin into fiat currency is a time consuming procedure and it involves a certain amount of fees. Hence having a healthy balance in fiat currency is required so that one can support during themselves during the hard times. AT least 30% of a student's savings should be kept in cash and rest can be invested in bitcoin which may fetch him a decent amount of return in future. Having a good mix of fiat and bitcoin is always recommended.
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.
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.
Each people have lots of view, probably you already have a family to feed, that makes you much cautious in investment approach. I would have done the same as you but OP is telling young people to save Bitcoin since they are not yet responsible for their family expenses. And I think that it is really a wise advise at this point since Bitcoin is going up.
I avoided putting a couple hundred into BTC when it was smaller in 2011 to wait for the future of what is offered to then learn Internet Marketing instead. I'm now in both and have made off each learning curve to amass wonders young that pay for my lifestyle.
To which their own, many kids try it off with Internet venues only to fail later. I've had success with everything I get involved in with what sacrifices I took and am proud to be here as early as I am.
To which their own, many kids try it off with Internet venues only to fail later. I've had success with everything I get involved in with what sacrifices I took and am proud to be here as early as I am.
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.
Yes its very risky to put all in as you said not all i think some of their money and yes we need also money like in emergency situation. So if they like to invest in bitcoin not all put some then they join here in bitcointalk forum to gather all their income here. 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. 
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.
With regard to the fact that it's necessary to take risks to achieve great success, I think you are right, and the risk-reward ratio for Bitcoin also makes this a very attractive investment at the moment. But going all in one is not the best way to invest, no matter how good the investment.
To make good financial management, it is important to consider the fact that you may need some of that money, and if you have to sell Bitcoin when the currency falls in price, you will be at a loss. Having fiat savings is something that prevents such situations from happening.
To make good financial management, it is important to consider the fact that you may need some of that money, and if you have to sell Bitcoin when the currency falls in price, you will be at a loss. Having fiat savings is something that prevents such situations from happening.
I jumped in to the risk train (lol) when everyone is selling like batshit crazy due to bitcoin's stagnant price. I kept on buying and buying up until I reap my profits off after a year or so of working and buying btc. Right now, I atill have 10++ bitcoins left on my wallet afterI have sold most when price reached $700 that helped me pay my debts. I've goy nothing to lose right now since I'm kind of well off right now, and I'd still choose bitcoin to be my most valued investment of all.
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.
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.
Go all in? How about your daily expenses? Where will you get it? As bitcoin must just saved and hold for a long term.
It must be, put some money as possible as people can without harming those meant for regular spendings. Yes bitcoin probably is one of the best long term investment that can play with the risk but take note also that it's still wiser way to diversify your money that putting it on a one big wave.
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.
Go all in? How about your daily expenses? Where will you get it? As bitcoin must just saved and hold for a long term.
It must be, put some money as possible as people can without harming those meant for regular spendings. Yes bitcoin probably is one of the best long term investment that can play with the risk but take note also that it's still wiser way to diversify your money that putting it on a one big wave.
There's an English saying that states, you should not put all your eggs in one basket. I think it holds true for this case as well. If you had suggested this about a year ago, I might have told you that it was a advice which is a risk worth taking but looking at the price and the stress on the blockchain, I dont think its a good move right now.
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.
Bad idea. I think this would be irresponsible and you also have to conaider that not all young people depend on their parents. Disregarding everything and going yolo on bitcoin investment conaidering the risks is not a smart way to handle young people's money. Bitcoin is a good investment but its not everything
I agree with you. We can not invest all of its assets in a single investment object. It is very risky. It is necessary to choose the right strategy and invest in several directions
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.
Bad idea. I think this would be irresponsible and you also have to conaider that not all young people depend on their parents. Disregarding everything and going yolo on bitcoin investment conaidering the risks is not a smart way to handle young people's money. Bitcoin is a good investment but its not everything
Yes, Its a good idea that young people must be engaged with Bitcoin but no to go all in. This past few days, Bitcoin spikes its price and for me it is kinda bit expensive. It is a good idea to invest especially for young people but they also needs to consider the risks. Investing too young is the wisest decision because TIME is Gold. When you start young, there is a bigger room for gains. No one knows, Bitcoin price will still go up along with other investments.
Good idea, but how if suddenly bitcoin being banned or bitcoin security can be compromised, then all of your wealth will be gone, it is good idea to ask people to save and invest bitcoin but you need to do it proportionally, save 50% in bitcoin and 50% in other form like gold or any valuable things, we don't know what could happen in the future
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.
Well that is im going to do but i was afraid if i put everything away for bitcoin maybe the price of it will go down. I know bitcoin today is expensive and increasing like crazy and its more expensive than gold. I would not apply that if bitcoin will decrease but i will save up bitcoin for future purpose because bitcoin made life easy for me today
bitcoin helped me 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.
Well that is im going to do but i was afraid if i put everything away for bitcoin maybe the price of it will go down. I know bitcoin today is expensive and increasing like crazy and its more expensive than gold. I would not apply that if bitcoin will decrease but i will save up bitcoin for future purpose because bitcoin made life easy for me today
bitcoin helped me Jump to: