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Author Topic: Trying to be prudent with bitcoin  (Read 1122 times)
kanta (OP)
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May 23, 2013, 02:11:11 PM
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I'm not invested heavily into bitcoin, as it's just a curiosity for me, but I do want to maintain a small investment in it. To that end, I am just about to get my first whole btc, and although I am thinking of buying something with it, that would just instantly spend the btc that I have, so I wouldn't have any investment in it any longer. Is it prudent to- for example: decide on a btc purchase within the amount of BTC that I have, and then before buying whatever it is that catches my fancy, buy that many BTC so I still have my original BTC?
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djalexr
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May 23, 2013, 02:21:23 PM
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invest as much as you can afford to lose!

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May 24, 2013, 06:48:46 AM
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Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
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May 24, 2013, 07:09:39 AM
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Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.
xxjs
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May 24, 2013, 07:12:28 AM
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You don't have to be prudent.
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May 24, 2013, 03:26:34 PM
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Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.

Worth repeating.

Long-term, BTC has completely insane potential.  Short and mid-term? Be ready for a bumpy ride.
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May 24, 2013, 05:06:53 PM
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always step by step... as for anything
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May 25, 2013, 04:02:03 PM
 #8

I have BTC put aside in paper wallets for savings (even if I wanted to use them, taking them out of the paper is a hassle Wink ).

On top of that, every once in a while I take all the paper money (or as I like to call it, monopoly money) change that I have in my wallet, convert them for BTC, and keep them on my phone. That way I always have some small change in BTC ready to spend. Between friends we settle small debts in BTC, buy eachother beer for BTC, etc. so I always have use for this pocket change.

tl;dr - If you want to have savings, put in savings. If you want to have spendable change, put in your phone. These do not contradict.
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