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Author Topic: Young people should go all in on bitcoin  (Read 63321 times)
cellard (OP)
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March 05, 2017, 01:28:10 AM
 #1

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.
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March 05, 2017, 01:31:54 AM
 #2

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 may be right, but I think you are just provoking young people. They decide what they want to do.And parents will not accept this way unless the parents are also doing these kind of living. But it is really risky trusting in this digital currency.

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March 05, 2017, 01:36:56 AM
 #3

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.

Aside from the fact that in places like the US, AU and EU you cannot actually buy bitcoin under the age of 18 (from an actual trusted exchange).
The value of bitcoin could fall. It is more likely to rise statistically, but it's never recommended to go "all in" on an investment.
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March 05, 2017, 01:57:39 AM
 #4

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.

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betlord90
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March 05, 2017, 02:00:00 AM
 #5

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 you are right must young people now invest in bitcoin because 5 years from now bitcoin have good price than price now.  And the more you take risk the more you get profit that is the life of many investor they don't afraid to take risk because they know that bitcoin is a good long term investment.
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March 05, 2017, 02:06:18 AM
 #6

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 problem is you are putting all your eggs in one basket and while it could turn out to be great at the end there is a reasonable chance you will end up broke that is why it is never a good idea to go all in especially in something as changeable as bitcoin.
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March 05, 2017, 02:54:11 AM
 #7

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 may be right, but I think you are just provoking young people. They decide what they want to do.And parents will not accept this way unless the parents are also doing these kind of living. But it is really risky trusting in this digital currency.
I think he is not provoking but stating the fact and suggesting young people what he wanted also in his life. Sharing your thoughts/ ideas is a good thing that only means you are willing to share. Of course if do the same if I were in his position in fact I also encouraged my cousins who are still young to do investing here in bitcoin.
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March 05, 2017, 03:02:34 AM
 #8

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.

Agree, you have a point. Although you said 'go all in', it doesn't matter for those who still rely on their parents as I'm in the same position. Anyone could mention their thoughts, but in the end each one of us have to decide it by ourselves. However, I've been trying to divide what I get into bitcoin and fiat money about 70:30. Bitcoin as my long term investment (70%) and fiat money to cover my daily expenses, just in case as backup plan.
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March 05, 2017, 03:27:43 AM
 #9

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.
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March 05, 2017, 03:31:46 AM
 #10

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 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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March 05, 2017, 03:40:50 AM
 #11

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.

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March 05, 2017, 04:26:13 AM
 #12

Yes if bitcoin is not die  Grin
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March 05, 2017, 04:27:17 AM
 #13

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.

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March 05, 2017, 04:38:28 AM
 #14

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.

Buying the dip...
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March 05, 2017, 04:47:54 AM
 #15

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.


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March 05, 2017, 05:03:33 AM
 #16

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 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.
That's what any parent would do if the notice something odd especially ”money matters.” I also think altcoins could be the perfect alternative of investment  to buy and hold for a long period of time say 5yrs or more as bitcoins are becoming expensive....and not going all in.
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March 05, 2017, 05:09:02 AM
 #17

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.

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.



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March 05, 2017, 05:09:58 AM
 #18

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.
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March 05, 2017, 05:12:04 AM
 #19

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.
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March 05, 2017, 06:25:26 AM
 #20

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.

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