Young people should go all in on bitcoin

[Sled]

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.

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[Wowcoin]

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.

[Shady]

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.

[lionheart78]

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.

[Qunenin]

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.

[avikz]

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.

[mace15]

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.

[User365]

I think young people should be educated about BTC, but the decision if they use it should be their own 

[Carlsen]

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!

[lordquanta]

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.

* 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.

[TastyChillySauce00]

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.
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?

[Houseman]

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.

[lienfaye]

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.

[coolcoinz]

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.

[Dimelord]

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.

[Betwrong]

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 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.

[bitbunnny]

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.

[webtricks]

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.

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.

[youdacapt]

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.

[Mometaskers]

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.