Young people should go all in on bitcoin

[Cherylstar86]

Oh that's a good idea young people should turn to bitcoin and make it as their hobby most of the time so that they will value the importance of money and they won't be able to make things for granted. This ways makes the young people be out of bad habits on social media over using and abusive information that they might get which they are vulnerable to be influenced with.

[SvenBomvolen]

I was talking about this idea in many previous topics alike. Today bitcoin can become real support for teens who are looking for financial support or even financial independence. I live in Serbia and make like 100$ per month with bitcoin and it's really good support to me here. I am not so active in bitcoin, but to those kind of people who can put much more attention on bitcoin - I am sure they can earn really good money.

[kwuccduck]

I was talking about this idea in many previous topics alike. Today bitcoin can become real support for teens who are looking for financial support or even financial independence. I live in Serbia and make like 100$ per month with bitcoin and it's really good support to me here. I am not so active in bitcoin, but to those kind of people who can put much more attention on bitcoin - I am sure they can earn really good money.

This is true. But you need to have both the desire and opportunity. Not less important role in this play and smikalka, because it is necessary to understand clearly and correctly in a variety of nuances, because earn bitcoin is not so simple.

[KennyR]

Making every investment or saving into bitcoin is not a good decision for a better tomorrow. Can diversify and make the investment. Young people are found much into the digital currency use than other age group people. Also young people could easily understand it. So starting to use bitcoin is good but spending everything into bitcoin is not good right now.

[Kemarit]

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 like you idea here. But then again teenagers would are busy in others things and bitcoin
would not be their priority. Unless the teenager the mindset to invest at a young age
in bitcoin. I myself when I was young, I always saw my father reading newspapers and
telling me all about investing at a young age, but I didn't listen to him at all, and when
I got a job I realized its not too late to invest and I should have listen to him early on.

[ChronoLite]

May I ask you something?. Even you ALL IN your money into Bitcoin it has a chance for your Bitcoin getting dumped or when you have something to buy and don't have money left (You beg your parents again?) No you shouldn't . Invest is alright but don't be a dumb with those acts (Put all your money into one basket)

[Xester]

Making every investment or saving into bitcoin is not a good decision for a better tomorrow. Can diversify and make the investment. Young people are found much into the digital currency use than other age group people. Also young people could easily understand it. So starting to use bitcoin is good but spending everything into bitcoin is not good right now.

People at young age are capable of doing bitcoin since they are technologically inclined and has the will to really earn. But relying too much in bitcoin is not a wise decision, diverse investment is one way of balancing the odds. Just in case something will happen to bitcoin and your internet connection you will have a back up business that will give you earnings. Both online and offline business is necessary for a wise and secure future.

[vrm86]

In first place young people shoud start to build savings, especially for two purposes:
- Loss of job (or necessity to start living on their own)
- Retirement

I agree that It's the good time to invest too, however putting everything in to one basket is not smart. It's hard to believe for me, that young person would keep calm and focus on other things knowing, that all of his/her savings are actually on open BTC trading position. Someone mentioned 20% in BTC - sounds reasonable.  

[canah17]

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.

Well that is im going to do but i was afraid if i put everything away for bitcoin maybe the price of it will go down. I know bitcoin today is expensive and increasing like crazy and its more expensive than gold. I would not apply that if bitcoin will decrease but i will save up bitcoin for future purpose because bitcoin made life easy for me today bitcoin helped me

[emezh10]

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.

Well that is im going to do but i was afraid if i put everything away for bitcoin maybe the price of it will go down. I know bitcoin today is expensive and increasing like crazy and its more expensive than gold. I would not apply that if bitcoin will decrease but i will save up bitcoin for future purpose because bitcoin made life easy for me today bitcoin helped me

For me I'm gonna all in too. because of bitcoin price is going up and up so i think it is low risk to loss money. Bitcoin from the start compare now is a have a big difference so I would like to agree that bitcoin is just starting and I think bitcoin will increase the market price more this year. And yeah bitcoin pumping is like a crazy because of supply and demand law as long as many people will support bitcoin, Bitcoin will still pump because it is just starting.

[xuan87]

Good idea, but how if suddenly bitcoin being banned or bitcoin security can be compromised, then all of your wealth will be gone,  it is good idea to ask people to save and invest bitcoin but you need to do it proportionally, save 50% in bitcoin and 50% in other form like gold or any valuable things, we don't know what could happen in the future

[Flamma]

Yes, Its a good idea that young people must be engaged with Bitcoin but no to go all in. This past few days, Bitcoin spikes its price and for me it is kinda bit expensive. It is a good idea to invest especially for young people but they also needs to consider the risks. Investing too young is the wisest decision because TIME is Gold. When you start young, there is a bigger room for gains. No one knows, Bitcoin price will still go up along with other investments.

[gabmen]

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 idea. I think this would be irresponsible and you also have to conaider that not all young people depend on their parents. Disregarding everything and going yolo on bitcoin investment conaidering the risks is not a smart way to handle young people's money. Bitcoin is a good investment but its not everything

[Antoshka]

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 idea. I think this would be irresponsible and you also have to conaider that not all young people depend on their parents. Disregarding everything and going yolo on bitcoin investment conaidering the risks is not a smart way to handle young people's money. Bitcoin is a good investment but its not everything

I agree with you. We can not invest all of its assets in a single investment object. It is very risky. It is necessary to choose the right strategy and invest in several directions

[nikona]

There's an English saying that states, you should not put all your eggs in one basket. I think it holds true for this case as well. If you had suggested this about a year ago, I might have told you that it was a advice which is a risk worth taking but looking at the price and the stress on the blockchain, I dont think its a good move right now.

[harizen]

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.

Go all in? How about your daily expenses? Where will you get it? As bitcoin must just saved and hold for a long term.

It must be, put some money as possible as people can without harming those meant for regular spendings. Yes bitcoin probably is one of the best long term investment that can play with the risk but take note also that it's still wiser way to diversify your money that putting it on a one big wave.

[Jemzx00]

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.

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.

Go all in? How about your daily expenses? Where will you get it? As bitcoin must just saved and hold for a long term.

It must be, put some money as possible as people can without harming those meant for regular spendings. Yes bitcoin probably is one of the best long term investment that can play with the risk but take note also that it's still wiser way to diversify your money that putting it on a one big wave.

Well the OP clearly states that we need to go All-In on bitcoin if we are young then if not then no. Since when you're young, the only risk that would be there is the lack of having your WANTS because our parents are there to support our NEEDS.

[dothebeats]

I jumped in to the risk train (lol) when everyone is selling like batshit crazy due to bitcoin's stagnant price. I kept on buying and buying up until I reap my profits off after a year or so of working and buying btc. Right now, I atill have 10++ bitcoins left on my wallet afterI have sold most when price reached $700 that helped me pay my debts. I've goy nothing to lose right now since I'm kind of well off right now, and I'd still choose bitcoin to be my most valued investment of all.

[deadpoolx]

With regard to the fact that it's necessary to take risks to achieve great success, I think you are right, and the risk-reward ratio for Bitcoin also makes this a very attractive investment at the moment. But going all in one is not the best way to invest, no matter how good the investment.
To make good financial management, it is important to consider the fact that you may need some of that money, and if you have to sell Bitcoin when the currency falls in price, you will be at a loss. Having fiat savings is something that prevents such situations from happening.

[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.