In first place young people shoud start to build savings, especially for two purposes:
- Loss of job (or necessity to start living on their own)
- Retirement
I agree that It's the good time to invest too, however putting everything in to one basket is not smart. It's hard to believe for me, that young person would keep calm and focus on other things knowing, that all of his/her savings are actually on open BTC trading position. Someone mentioned 20% in BTC - sounds reasonable.
Topic: Young people should go all in on bitcoin - page 82. (Read 63390 times)
Making every investment or saving into bitcoin is not a good decision for a better tomorrow. Can diversify and make the investment. Young people are found much into the digital currency use than other age group people. Also young people could easily understand it. So starting to use bitcoin is good but spending everything into bitcoin is not good right now.
People at young age are capable of doing bitcoin since they are technologically inclined and has the will to really earn. But relying too much in bitcoin is not a wise decision, diverse investment is one way of balancing the odds. Just in case something will happen to bitcoin and your internet connection you will have a back up business that will give you earnings. Both online and offline business is necessary for a wise and secure future.
May I ask you something?. Even you ALL IN your money into Bitcoin it has a chance for your Bitcoin getting dumped or when you have something to buy and don't have money left (You beg your parents again?) No you shouldn't . Invest is alright but don't be a dumb with those acts (Put all your money into one basket)
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.
I like you idea here. But then again teenagers would are busy in others things and bitcoin
would not be their priority. Unless the teenager the mindset to invest at a young age
in bitcoin. I myself when I was young, I always saw my father reading newspapers and
telling me all about investing at a young age, but I didn't listen to him at all, and when
I got a job I realized its not too late to invest and I should have listen to him early on.
Making every investment or saving into bitcoin is not a good decision for a better tomorrow. Can diversify and make the investment. Young people are found much into the digital currency use than other age group people. Also young people could easily understand it. So starting to use bitcoin is good but spending everything into bitcoin is not good right now.
I was talking about this idea in many previous topics alike. Today bitcoin can become real support for teens who are looking for financial support or even financial independence. I live in Serbia and make like 100$ per month with bitcoin and it's really good support to me here. I am not so active in bitcoin, but to those kind of people who can put much more attention on bitcoin - I am sure they can earn really good money.
This is true. But you need to have both the desire and opportunity. Not less important role in this play and smikalka, because it is necessary to understand clearly and correctly in a variety of nuances, because earn bitcoin is not so simple.
I was talking about this idea in many previous topics alike. Today bitcoin can become real support for teens who are looking for financial support or even financial independence. I live in Serbia and make like 100$ per month with bitcoin and it's really good support to me here. I am not so active in bitcoin, but to those kind of people who can put much more attention on bitcoin - I am sure they can earn really good money.
Oh that's a good idea young people should turn to bitcoin and make it as their hobby most of the time so that they will value the importance of money and they won't be able to make things for granted. This ways makes the young people be out of bad habits on social media over using and abusive information that they might get which they are vulnerable to be influenced with.
This is a bullshit. I need everything to keep my life. And But why is OP not suggesting to sell my house for buying bitcoin? This is a bullshit. All of my life is not about bitcoin. Every people have the different portion to invest on bitcoin with their financial power. To keep all of your money in bitcoin is not a good thing in this time.
This is a bad idea to go all in on bitcoin because bitcoin is very risky and the volatility makes it risky so even though that the price is very high now, it is still not a good idea to invest all money you have because a smart investor always thinks for long term and analyze if investing now is a good idea or not. This type of user that always go luck is greedy and can't be successful in any kind of field.
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.
Meanwhile, I'm pretty curious whether OP who has made this topic to encourage people to all in on bitcoin has done it or not yet.I couldn't agree more that allocating that much to cryptocoin will drive us to the bankruptcy regardless of the chance that we could be a millionaire just only "if" the price of bitcoin keep rising instead of falling.
That's right if teenagers still live with their parents but not all parents could afford their daily needs and some of them even struggling to live.
aubert and The Pharmacist are right!
Do not go All Inn on anything. It is extremely risky.
Yes, younger people ought to look at investments (but BTC is more of a speculation) that are riskier but offer better long-term rewards (like bond rates: short-term rates are low but the investment is secure, longer-term rates are higher but the investment is riskier).
Going all in on anything is almost always a mistake. Don't fall for 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.
Yeah agree, but for a person that lives in their parents it may take time before getting that amount of bitcoin, and I think it's impossible for a young guy to handle their wallet without spending any.
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 you are staying with your parents, they probably control everything you do. Including investments.
It will be tough to convince them that you aren't gambling away your money.
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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.
Meanwhile, I'm pretty curious whether OP who has made this topic to encourage people to all in on bitcoin has done it or not yet.I couldn't agree more that allocating that much to cryptocoin will drive us to the bankruptcy regardless of the chance that we could be a millionaire just only "if" the price of bitcoin keep rising instead of falling.
That's right if teenagers still live with their parents but not all parents could afford their daily needs and some of them even struggling to live.
it depends on how much is "all"?
if we are talking about something like $100-500 then yeah, why not. but it is a couple of thousands and it is all a young person has then no. i would always advise against it.
this is never a good idea to go all in anything even if you are 99.99999% sure it will make you profit, although i get your point of saying you live with your parents but still it is your money that you are going to lose possibly.
if we are talking about something like $100-500 then yeah, why not. but it is a couple of thousands and it is all a young person has then no. i would always advise against it.
this is never a good idea to go all in anything even if you are 99.99999% sure it will make you profit, although i get your point of saying you live with your parents but still it is your money that you are going to lose possibly.
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.
Its too risky to go all-in and as you said we dont know about bitcoin in the future and if the price or value would be depleted then you lost all the money on what you have planted thats why its really important just allocate on the amount you can afford to risk on.
Yes if bitcoin is not die 
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.
If im on that situatuin on where I don't have family and im living with my parents I will surely do the thing since I wont really lose any single penny since its my parents money at all.Yes,its very an ideal thing to save up bitcoin as much as we can because we do know its potential to give profits on future years. 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.
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 you are staying with your parents, they probably control everything you do. Including investments.
It will be tough to convince them that you aren't gambling away your money.
I agree in terms of investing in bitcoin. However, I still prefer investing a part of my money rather than going all in. You can't take back time so young or even old people should still enjoy life and not just think of investment. I do think that investing some in BTC while enjoying life (travels, hang outs with family and friends, etc.) won't cause any regrets at all.
Like andrei56, I believe in the idiom, "Don't put all your eggs in one basket" because you could lose everything if you do.
Like andrei56, I believe in the idiom, "Don't put all your eggs in one basket" because you could lose everything if you do.
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