Young people should go all in on bitcoin

[UCHCHILD]

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

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[VanDeinsberg12]

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

many people believe bitcoin will have bright future but they don't know what's in the future and have no clue, it's better for you to keep inside safe zone rather than risking with nonsense reason.

[allthingsluxury]

I wouldn't suggest this at all, but, putting a portion of what you can "save" is never a bad idea and dollar cost averaging is also, always a good idea.

[noormcs5]

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.

Exactly, age does not matter on that thing, because as long as you can invest or save money into bitcoin it is your advantage, I guess
it is better if you say as early as you can you should go in bitcoin, but not all what you have because we do not know what will happen
tomorrow.

[Pamadar]

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

many people believe bitcoin will have bright future but they don't know what's in the future and have no clue, it's better for you to keep inside safe zone rather than risking with nonsense reason.

if you believe in it just go and make that all in but if you still hesitating you still have time to research and understand more, for me bitcoin can rises more so if you can start investing its really a big money to claim after several years, just needed to understand the risk and possible outcome.

[susila_bai]

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.

Exactly, age does not matter on that thing, because as long as you can invest or save money into bitcoin it is your advantage, I guess
it is better if you say as early as you can you should go in bitcoin, but not all what you have because we do not know what will happen
tomorrow.

What you said is true, that only risk that much which you can afford to lose so only invest that much which you can afford to lose means if tomorrow bitcoin goes absolute then you should not get affected in life. My suggestion is only go with 50% of your income and keep balance 50% for real life benefits.

[olushakes]

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.

I cannot but say well done on your convictions but did you even consider the cost of one bitcoin, as I dont think anyone leaving with his parent by your analysis does not work neither is being responsible for anything will be able to afford one bitcoin obviously he wont get it from his parent. From your perspective, it might be a small money but over here where I come from, 1BTC is a whole lot of money. Lets say after a while an individual is able to gather, what will be the consolation in the case of drop in price?

[carlisle1]

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.

It could be a good approach to start planning on making an investment with bitcoin for the young ages while they are still living and being financed by their parents especially the teenagers but for sure these people would be more interested to save most of their money for their extravagance such as gadgets, clothes etc. And although your suggestion has some point and could bring a good result to them but going all in is not necessary for them I guess because they are still young and they still need to understand many things .

[sportis]

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.

I partially agree with the way you see the things. Bitcoin is not only a digital asset aka a commodity but mainly a currency. So, imho,at first anyone have to use it as medium of payment. Moreover, I really can't understand what is the 21 btc holder group? Maybe a an elite club for 1 million people holding 21 btcs as somebody post one year ago in the forum? I feel confident that in the future bitcoin will have more value than now not only from obvious advantages we all know but because does not suffer from fiat issues like as inflation, coercion, central planning etc. Besides that and all of the bitcoin's pros we can't predict the future. Hence, we have to follow a basic rule for investors which is not all eggs in one basket  that is, the diversification of a portfolio is not just a precaution, it's a common sense.

[coolcoinz]

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.

I agree. I don't know what i'd do if my all in Bitcoin investment made my family live in a cardboard box, or in the slums somewhere. All in is good when you're a gambler and preferably living with your parents. If you lose all your savings than be it, you won't get a new PC or a car and will have to borrow from your father for another year...

[markyminer]

Go all in? It means all what you have convert in bitcoin?
I guess it is not that recommended because we do not know the value in the future.

many people believe bitcoin will have bright future but they don't know what's in the future and have no clue, it's better for you to keep inside safe zone rather than risking with nonsense reason.

but i think we can expect about bitcoin that it will have really a good and bright future, actually the new generation is giving more preference to bitcoin and that is the reason that we can say that it will have a bright future.

[genny2kuk]

Going all-in is never an advisable way of investing especially in bitcoin which has experienced unpredicted volatility earlier on. You could say 25% in, and the rest for other forms of investments.  The best they could do know is learn as much as they can about the blockchain cause that's where the future is right now.

[Berns]

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.

It could be a good approach to start planning on making an investment with bitcoin for the young ages while they are still living and being financed by their parents especially the teenagers but for sure these people would be more interested to save most of their money for their extravagance such as gadgets, clothes etc. And although your suggestion has some point and could bring a good result to them but going all in is not necessary for them I guess because they are still young and they still need to understand many things .

If in my youth there was a crypto currency in which I invested, then now I would be very rich. That's why young people should think about their well-being now, as long as there is an opportunity

[n691309]

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 do not have lots of money even though nowadays teenagers can be richer than before and I think that bitcoin should be advertised to the people that already have a house, a car and have saved money so they only wait for a good opportunity to invest which bitcoin is ideal to take the risk and I think that people who invested before some months are more than satisfied with the current bitcoin price.

[BitFinnese]

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 do not have lots of money even though nowadays teenagers can be richer than before and I think that bitcoin should be advertised to the people that already have a house, a car and have saved money so they only wait for a good opportunity to invest which bitcoin is ideal to take the risk and I think that people who invested before some months are more than satisfied with the current bitcoin price.

The thread I guess is about young people who can manage to spend their money/allowance without the burden of thinking the family's financial status.  I do agree that bitcoin is far more better to be introduced to the people who are stable enough to support themselves and family, but OP's idea is really great for the reason that investing all kids money in Bitcoin might or probably can earn him several times his initial money that he invested to Bitcoin.  Aside from that it is harder to invest once you have financial responsibility.

[marcuslong]

Not all yound people had interested of using bitcoin some of them they dont know or they dont have any idea how it works they need to had at least enough experience to start if they dont have any experieince they might be lose and then stay away from bitcoin of course also they know the consenquenxes of using it that can manage everything about them selves

[SaShiRaJaVu]

It is quite a possibility if you are not having any lingering commitments that you could risk everything in bitcoin and that wont be the case for everyone,I understand the fact that without risk you are not living but then you have to understand the risks involved when it comes to the long term investment as i am not even sure what the future holds.

[n691309]

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 do not have lots of money even though nowadays teenagers can be richer than before and I think that bitcoin should be advertised to the people that already have a house, a car and have saved money so they only wait for a good opportunity to invest which bitcoin is ideal to take the risk and I think that people who invested before some months are more than satisfied with the current bitcoin price.

The thread I guess is about young people who can manage to spend their money/allowance without the burden of thinking the family's financial status.  I do agree that bitcoin is far more better to be introduced to the people who are stable enough to support themselves and family, but OP's idea is really great for the reason that investing all kids money in Bitcoin might or probably can earn him several times his initial money that he invested to Bitcoin.  Aside from that it is harder to invest once you have financial responsibility.

Young people can save money and invest in bitcoin in many ways, for example if they decide to buy a latest released phone then they can buy a second hand or an older one and rest money invest in something that can be useful for them in the near future. Young people have more energy than adults and I think that they can't wait for months or years for their investment to gain profit or hope to get profit.

[HabBear]

Cellard, young people already are!

Who do you think was first to mine coins? Mostly young people.

I'd love to know how many bitcoin millionaires exist under 25 as active members on this forum.

[n0ne]

I wouldn't suggest this at all, but, putting a portion of what you can "save" is never a bad idea and dollar cost averaging is also, always a good idea.

Agreed, putting a portion of what you save periodically into bitcoin is the right way to get the best out of it. Importantly right now too young people were found much among the entire bitcoin users. Rather than a currency young men consider it an investment that benefits high as it's the right time for them to earn and save for the future commitment and enjoyment.