I never spent any savings on Bitcoin and I'm not broke

[adibe]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Nope, if you spent your saving on bitcoin right now, you can get much profit from it. Because as you can see, the price of bitcoin is increase so high right now.

[jakelyson]

If I had invested my savings in Bitcoin would it be more likely to be broke?

It depends on how long are you planning to hold your investment. If you are just short term, and you panic sell on every dip, then you are broke. But if you are able to hold for long term, it is clear at current price that long term holders make profit with bitcoin. So, you make your choice, long or short term? Profit or broke?

[Ayers]

if he didn't dump before this pump he now have much more money, so it was a wise decision, but bitcoin was meant to be spend also, not just sitting there for speculation, i think you can do both, saving and investing

[safari88]

but if you just save it. in the end you will be bankrupt by the needs of your future

it would be better if you save as bitcoin, because prices will someday rise high, then you sell and get many benefits

the necessities of life is not a barrier dude it is an obligation that you have to pay. therefore manage finances to manage demand and need charges and so on. would be required to set it

yes I know it is a necessity of life, but if you have no income, of your money will run out. that foster or investments that must be made.

[ravens]

If you are worried about becoming broke, just spend as much as you are comfortable with in Bitcoin.

[hermanhs09]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Not really. Fiat currencies loses value over time and that's really really bad in my opinion. I'm sure you wouldn't be happy if you wake up one day and all there's left is 50% of your original wealth.

While bitcoin is exactly the opposite. It retains value over time. So no, you would actually get more from bitcoin than you would from fiat currencies.

[jossiel]

If you are worried about becoming broke, just spend as much as you are comfortable with in Bitcoin.

Maybe he is not broke yet, because he did never spend his savings after all, but you are right, if something worries him.
Then better to spend his bitcoin for the things that can satisfy him.

[aso118]

Investing your life savings in Bitcoin is fool hardy.
If you have worries about the depreciation of fiat, look for other asset classes - bonds, equity, real estate.

[wintermeasures]

If I had invested my savings in Bitcoin would it be more likely to be broke?

I do not think so, seeing the development of bitcoin prices are getting up. I think you will get a profit if you invest in bitcoin. But keep in mind Invest the money is your money lost you are ready to accept it. thank you

[Vikingr]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Only genius people are investing their savings in bitcoin while other people who do not invest either do not have money for investment or do not know about bitcoin, learn and earn with bitcoin.

[Elwar]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Price up 36% since this post.

Would you consider being broke if your wealth increased by 36%?

[densuj]

If I had invested my savings in Bitcoin would it be more likely to be broke?

If you wanna make Investment do it with you can lost it, don't make Investment from all of saving bitcoin. And you must be counting about management of risk.

[hermanhs09]

If I had invested my savings in Bitcoin would it be more likely to be broke?

You're only getting the impression that you're not broke, however, I think you're secretly broke. Because fiat currencies depreciate over time a lot and they are no good measurement for wealth.

I think you'd be 1000x richer with BTC than fiat in 10 years time.

[coin_gambler]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Price up 36% since this post.

Would you consider being broke if your wealth increased by 36%?

well i guess the person is broke when he does not have any money for a living so i doubt he would feel broke

in order to have more money i invest in bitcoins because i know that the price will grow

[Qunenin]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Price up 36% since this post.

Would you consider being broke if your wealth increased by 36%?

well i guess the person is broke when he does not have any money for a living so i doubt he would feel broke

in order to have more money i invest in bitcoins because i know that the price will grow

Seeing the current increase in price of bitcoin, now i feel bitcoin is the only investment which can give you greater profits. No other investment like Gold, USD , or any other Forex item  can be so profitable as bitcoins.

[Strongkored]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Never store your savings in bitcoin or other crytopcurrensi. Invest only money that is not used or if you are ready to bear the lost. Saving the savings in bitcoin very risky. Thanks

[BossMacko]

If I had invested my savings in Bitcoin would it be more likely to be broke?

It depends on where you invested your savings. If you are lucky you will not get broke if you know well the company that you put your money in. But as they said Invest only the amount you afford to lose.

[Snorek]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Price up 36% since this post.

Would you consider being broke if your wealth increased by 36%?

You are right... but, we are in peculiar spot right now. Many people consider current Bitcoin price as not suitable. What I mean by that?
They simply think bitcoin is too expensive ATM to buy it and expect a price to go EVEN higher from $650.
They are afraid that - as many times before we will hit market ceiling and bitcoin will go back to $350 again.

[Darwin02]

If I had invested my savings in Bitcoin would it be more likely to be broke?

I guess it depends if you save some bitcoin back to 2013-2014  when the price crash you are now millionaire 😁😁 but if you want to invest in this time I cannot answer what will happen in the next few years may be the bitcoin crash or increase much more.

[ranlo]

If I had invested my savings in Bitcoin would it be more likely to be broke?

Do you keep your savings in a currency that loses value over time?

I love that question. I don't think most people realize that fiat is inflationary by nature. If you bought a brand new house in 1970 that cost $30k, it'd be $250k in today's money. So if you had put that $30k in a bank/cash, you'd have essentially LOST $230k, or 90% of your money. And this is a GUARANTEED loss because that's how fiat is.