I told my grandma to put all her lifesavings in Bitcoin because you guys said

[freakingcat]

I do believe your grandma still loves you, right?

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[adiksau0414]

I know bitcoin is popular and many people are earning from it. But the thing about asking someone lifesaving to invest in something that no assurrance in having a fixed earnings well is a no no. If that is my grandma, i dont know how to explain it to her. We all know that they earn their life saving to hardwork and sacrifice. And we can never tell how long they can wait for the return of their investments, they are old already and many things can happen.

[lyks15]

I think you should know and learn what you are going to do or to invest before you invest all your saving specially when it is your not own money. Yes it may be profitable or double your investment unless you have enough knowledge and strategies on how the right process to prevent your loss. You should think first the cosenquences of your action speially in terms of money and investment because it is not easy to save money.And make your own capital because it is a great feeling when you see your capital are growing.

[Blackrain13]

     Maybe your grandma already gain profit because bitcoin reached $20000 before end of 2017. And now bitcoin price getting lower,i think the your grandma don't have any regrets in investing in bitcoin and now she can buy again and wait when the price increase again.

[X2PR8888]

Who ever said to put your grandma's life savings in one pot? I have never read any recommendations saying so (not that I've read everything).  In fact, there were previous posts asking if it's ok to spend all of their money on investing it and most of the answers, if not all, recommended otherwise.  Tecommendations center around ensuring sustinabikity by investing it in multiple altcoins and not just one so that if something happens to that one pot, you will still have other investments circulating and making profit for you.  Really, you could have taught your grandma otherwise because you are the one with and should have a better understanding of how cryto trading works so my thoughts on this really is, it's sad that you didn't give her a sound advise (should all of this be true, of course) 😉

[nominee]

I think you should know and learn what you are going to do or to invest before you invest all your saving specially when it is your not own money. Yes it may be profitable or double your investment unless you have enough knowledge and strategies on how the right process to prevent your loss. You should think first the cosenquences of your action speially in terms of money and investment because it is not easy to save money.And make your own capital because it is a great feeling when you see your capital are growing.

You're right, but his grandma probably bought at $4200 if it's not a lie. Then she made almost 5x profit at all time high price of bitcoin 1 month ago. This is just amazing, I really admire her and you.

Putting savings in bitcoin works!

[JesusCryptos]

it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?

I dont think thats real.

I cannot imagine this aged lady messing around with BTC wallets. Maybe the guy has asked his grandmother money that HE would invest in BTCs.

[PrasannaPR]

I hope you did that on January!! Then you should be rich now. Tell her about how to trade and ETC, then she will do it in her own way.

[campica]

That was great invest if she really bought it on $4200. I hope she get out from that when price was over $17 000 , because if she did that she is rich. Even if you grandma still holding (I hope not) bitcoin she still in profit +$2500 per bitcoin right now. But anyways I think that this is a big joke and you trolling us.

[meliodas]

it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?

You mustn't make risky decisions specially if it includes any properties or your family member's earnings. However, you must not still be worried about it and must have hopes for the future of bitcoin. Just believe that bitcoin's value will rise up again until you reach the desired amount. What you need to do now is just to convince your grandma to have patience.

[severaldetails]

If granny bought at 4200 dollars and sells now for 6800 dollars, granny made good profit!
I don't see a reason to complain. Maybe she is a really smart lady and has sold somewher in the last two december weeks.

But what you can see best from this thread: always be patient. Sometimes it just takes a while!

[conceivedspoon2]

Atleast by now, she must have almost doubled her savings when btc rose to over $10k. Even as at this fall, she must still make her profit. This irregular new of facebook and others really mess things up this package. So, lets get it straight. BTC will retrace and still reach 20k before end of March 2018.

[Bananier]

Usually grand-mother do not care about money and will not live long enough to see in what there investment turned in, so even though I am an extreme Bitcoin believer, I would never have done this.

[Veterock]

Wait a few month and you will return your money and maybe make some profit)

[kingkonjac]

if your grandma kept the btc until now than she is lucky and adores you, but now let her cash out take your commission and let her spend the money while she can 

[coinholic]

it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?

Dude, this is just plain stupidity. Why would you actually follow people you don’t even know?! And you even dragged your granny into it without the assurance of profit. But looking at your post date, you invested at the start of Bitcoin’s (assuming you invested in Bitcoin) crazy hike. Now if you held on until November then I’m pretty sure you gained huge profit. Congratulations if that were the case. But the idea of diving into something crazy just because some anonymous stranger/s told you so is just being out of the smart zone...

[LeonardoDiCrypto]

Your poor grandmother now has doubled her money because you were so stupid to tell her to put all her lifesavings in Bitcoin. You should be ashamed of yourself.

[kcirnhoj15]

You are just putting your money at a risk, you know the price of crypto are volatile and there is no right prediction on it. Before investing huge money please make a research and make your own prediction and analysis where does the bitcoin will growth again.

[allycn]

I find it hard to believe that someone would give their grandparents such reckless advice, so I am not sure I believe your post, but if you actually did, shame on you for risking someone else's savings. How about next time you use your own?
First of all you should never invest more than you can afford to lose (you will see that phrase all over this forum), and also you should never put all your savings into only one type of investment .... diversification is key.
With all that said, if she kept her investment until December I am sure she was happy, and I hope she cashed out a good percentage to save elsewhere as well.

[xiaohao111]

it will only go up. She bought at $4200
How soon can we REALISTICALLY see $4200 again and upwards?

I don't agree with you. Do you know that investing in bitcoin is risky? That's all your grandmother's assets. If bitcoin fails, she will lose everything, and who will pay for her living expenses.