purebitco
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March 07, 2017, 12:01:17 AM |
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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. well that just shows that bitcoin is pretty much impossible to fail and it will never fail. For me as a young person it is a really good opportunity to earn and maybe even make a living so I definitely agree that we should go all in on bitcoin, though I never invest my fiat into it I just try to accumulate as much of it as possible online. 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. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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pixie85
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March 07, 2017, 01:00:46 AM |
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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.
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Finestream
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March 07, 2017, 03:25:32 AM |
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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.
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Doms
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March 07, 2017, 04:10:22 AM |
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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.
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kidoseagle0312
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March 07, 2017, 07:27:36 AM |
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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.
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. |
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pooya87
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March 07, 2017, 07:58:33 AM |
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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.
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SvenBomvolen
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March 07, 2017, 08:18:13 AM |
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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. |
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virasisog
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March 07, 2017, 09:16:40 AM |
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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 .
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btcdiggingmaster
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March 07, 2017, 09:30:25 AM |
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It is not a suggestible idea for young people to invest their money into bitcoin. Because we don't know how governments are going to react about bitcoin after some time. It's better to save the small amount of your fiat into bitcoin because it will not affect your education and if you make money through bitcoin than it will helpful for your studies.
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lionheart78
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March 07, 2017, 09:33:14 AM |
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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.
The advice is for all teenagers/singles that does not have a financial responsibility to his family. They are the one who still have an allowance from their parents. So making all in to Bitcoin is a good thing for these group of people. And when the time come, probably 10 years after, they will see how they investment have grown. |
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passivebesiege
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March 07, 2017, 09:43:48 AM |
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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.
Young people also have thier own needs something will help them with thier study or other things that's really needed, how ever this is a good plan to start investing and bitcoin is the good choice for long term investment. |
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talkbitcoin
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All I know is that I know nothing.
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March 07, 2017, 10:04:44 AM |
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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 .
i am always saying the same thing and it is a perfectly good thing to say. but what OP is suggesting is that "young people" who are living with their parents still and get an allowance for example and are not going to starve to death with no money in their pocket can go all in bitcoin. for them this is a perfectly good strategy in my opinion since bitcoin is rising and it is the money that you are not going to miss. |
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markyminer
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March 07, 2017, 10:18:55 AM |
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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.
The advice is for all teenagers/singles that does not have a financial responsibility to his family. They are the one who still have an allowance from their parents. So making all in to Bitcoin is a good thing for these group of people. And when the time come, probably 10 years after, they will see how they investment have grown. but i think they can only get their pocket money from their parents, then how can they manage to buy bitcoin and also fulfill their needs for which they receive their pocket money from their parents. i think they should first complete their study and after that they should try to think about bitcoin investment. |
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Vorth
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March 07, 2017, 10:45:18 AM |
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All in to bitcoin? Really?, We do not know what will happen tomorrow or to the future of bitcoin. I am a bitcoin saver and earner but then I guess there is no wrong on doubting how bitcoin will work in the future, the possibility of crashing down, maybe things will not be the same as what we have now. The users of bitcoin is increasing yet we do not know until when people gonna hold it on.
And even you are living with your parents you cannot rely yourselves all thru out your living with them. I mean how old do you recommend to start saving? And then how old are you after 10 years? Is bitcoin still in high value? I guess, it is much recommended if you just partly save out of your fiat, not all what you have to get and convert it in bitcoin.
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Mvaporis1961
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March 07, 2017, 10:56:28 AM |
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Yeah right I think every teenager should invest in their future and save some money for it,
And I think Bitcoin would provably be the best investment for them since I am assuming that they are not yet in a legal age so they can even use it easily and make some earning through it,
But I guess not every would be so wise and invest their money on this crypto currency there would still be other who would choose to spend their money just for fun.
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Ayers
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March 07, 2017, 11:02:44 AM |
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this would be a smart ove i done when bitcoin was at $200, but anyone was seriously believing about $1300 in less than a year? was really impossible to think about back then, now it's easy to talk about it after it happened, young people cannot understand this technology they will not throw money from their parent in somethign so volatile
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LeGaulois
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March 07, 2017, 12:28:00 PM |
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Investing all in one type of investment only is a big big mistake. If you listen or read multiple funds managers or those kind of people they all preach the same thing: diversity. Diversity is what make your invested money less possible to lose. More investments you have, less risky you are going to lose your total money invested. So investing in bitcoin is a thing but investing everything you have in a big mistake
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xIIImaL
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March 07, 2017, 01:05:19 PM |
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Investing all in one type of investment only is a big big mistake. If you listen or read multiple funds managers or those kind of people they all preach the same thing: diversity. Diversity is what make your invested money less possible to lose. More investments you have, less risky you are going to lose your total money invested. So investing in bitcoin is a thing but investing everything you have in a big mistake
Even in bitcoin you cannot invest in all tyoe of investing options. You have whether in it is scam or ponzi schemes and then only you have to move with your part investment. Plans such as cloud mining, doubling, lending platforms. These are mostly a ponzi schemes so be aware of those. Even in trading also have trusted escrow to avoid scams. |
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btcxyzzz
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March 07, 2017, 01:16:53 PM |
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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.
Bad advice - diversify. ETH and XMR are much more promising now btw. |
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NEWGOODOUBLE
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March 07, 2017, 01:31:05 PM |
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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 .
youth usually do not think that far the young man will not think about the risks too deep. they only think about the possible benefits will be found even if it is at risk. so do not be surprised if he had invested with all the money they have |
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