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

[ekoice]

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

Its not bad to be optimistic.But ,investing all of your grandma's money in bitcoin seems not to be a wise decision.You should have explained her about the risks involved in bitcoin investment.If bitcoin price suddenly falls,will she be able to bare it?But,the situation which has arose is due to china's actions and panic selling following it.Very soon,this situation would change.Let's see your grandma's luck.

[happyme1818]

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

My best  estimate is December this year it would hit more than $5,000. Investing on bitcoin is a good choice but putting all her savings  is unwise. You should also consider her daily expenses  and she also needs emergency funds due to her age.

[willywonkaaa]

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

just take her to the casino, those old women always hit the jackpots on the slot machines!!! HERE COMES THE MONEY TRAIN!!! CHOO CHOO!!!

[Aikidoka]

I am not sure whether or not this post is serious. Yet, if that is the case, then you should not have told your grandmother to spend her lifesaving in bitcoin. To explain, I know that bitcoin is worth buying. But you should not buy it on behalf of your grandmother. The latter spent her lifetime saving. She made an effort while you were clinging to life and playing. What is done is done. Don't worry because bitcoin will go up again and it will reach 5000$ for sure.

[samuraijin]

Regardless of what anyone says, the money is your grandmother's money so if she bought Bitcoin with it, it was her decision to do so. Nobody can guarantee anything regarding Bitcoin's price.

agree with your words, money is money and the decision should be made and nobody guarantees the price of bitcoin, and if the grandmother can feel the result of bitcoin they save whether the grandmother can feel it with the rest of her grandmother. live but if not

[ropyu1978]

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

if you are a little patient it will all recover.
there are some rumors all have been overcome. I think this is good news.

[spngebob]

My grandma just said her banker will give her a loan on the house today,, she will get 150 BTC for the $500k , hopefully it will rise again soon ?

These china fake news will vanish soon I am sure and Bitcoin is back at $5k in no time.  

How old is your grandma?
It is very big amount of money to trust your words. As far as I know banks don't give loans to old people so easy, especially big loans.
Tbh I think bitcoin will recover and grow up bigger after all this China shit settle down.

[ShadowBits]

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

if you thought of investing you should have done some study
why buy when the price was high second why put it in one basket

[Cindy1983]

You're really stupid dude. You did it cause someone told you to do that Why dare yo do that when you and your grandma don't know about Bitcoin and everything related to it? Before doing anything, try to make a lot of research about it if you don't want to lose all of your money. At this time Bitcoin price is dumped to under 4k$ because of China government so I think you should pray for it rising up soon .

[Carlsen]

Cryprocurrencies are speculative, that should everybody know when he/she invests.
But I don't think grandma is in danger.
It's not that she would have lost all her money. She still has 83% of it at the moment, if I calculate it right.
That might be a loss, but actually it is not a very big one.

[Manadhnis]

You actually are really stupid to do that you don't need to believe everything and do that but why did your grandma accept that? how much did you invest? do you actually know something about bitcoin? i don't think so kid start regretting it.

[casinolize.com]

let god save your grandma's situation

[uztre29]

We don't really know when will its value climb up again. Don't worry. What you did was not wrong. The price of bitcoin will rise once again. Just be patient. Buying and selling bitcoins require a lot of time. Keep on monitoring the price of bitcoin so you will know when to exactly sell bitcoin.

[crypto4lambo]

Always remember do not put all eggs in one basket. Learn to diversify your investment. And as I see, it is not your own money so why not risk your own first. Do not be dependent on what you see on others. Be knowledgable enough to make your own decision. It is your own money or worst it is not yours.

[cpfreeplz]

You were extremely stupid to believe anything written here. You were extremely stupid to suggest it to her. She was even more stupid to follow through on it.

That's if any of it actually happened of course.

Lol don't worry. OP is just making shit up. My Grandma would never in a million years invest in something that isn't tangible. She just doesn't understand it.

[goldade]

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

You must have forgotten to read where its being said also that you put what you can afford to lose but enitre life saving does nor fall into that category if you ask me because of the uncertainty that surround this crypto space. However, the decision has been made, the only option is to wait as that be the best decision your grand ma ever made don't panic and all this will clear in due time.

[Shamie1002]

Why would you do that ?
It's her money ? Elders wouldn't understand and it will make her think uncertainty which n the real world she must not feel. Grand mothers should be relaxing. If you are going to invest. Ask her and just a part of it not everything. Grandmothers are old and their savings is their security.

[Drizzlepistol]

If this is true story =))) You must be crazy. please dont follow any advice on bitcointalk. You must make your decision. I hope price can back to 4k5$ for you get back your invest

[ayeshajum07]

You have to exercise extra caution when doing recommendations specially with your grandmother.

Perhaps she bought Bitcoin because she believed in you but not because she understood about it.

It could result to be your greatest regrets when something not turn into your expectations.

We believed in Bitcoin. And hoping it could bring good opportunity to everyone of us.

[Darker45]

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

Oh no! That is why you really need to decide on yourself and not just act on what others have to say. Do not just trust them readily 100%. That is suicide of you to just do that. Actually, you may ask some questions here but do not take them as the entire truth conclusively. Some may guide, but some also put you at risk. At the end of the day, do not blame these people.