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

[Ljanesanti]

If this is indeed real. Or if this is just a social experiment Why would you that? I mean my rule in investing here is to know what you are willing to lose and what you are willing to gain. And not using or betting someones money but yours. Should be yours so no matter would happen it was your decision.and you have to stand for it. Always remember that this is a gamble especially if you are into trading. Was done is done. Just take pride on whatever decision you make if you think it is reasonable enough.

[Sithara007]

In Coinbase, the exchange rate is around $3,830 per coin right now. Considering that your grand mom bought her coins at $4,200 per coin, it represents a small 9% decline. If you want, you can pull out of this and convert the BTC back to fiat. But I'd advice you to hold on. Bitcoin has survived extreme FUD from China and the JP Morgan CEO. I have a feeling that the prices are going to increase sharply in the coming days.

[agus sayadi]

You buy it at the high price, now you just can wait and hold your bitcoin if you don't want to be loss,there is no any ways,
Bitcoin rate is rising now, just wait and hold your bitcoin for a few weeks more and you will get a profit

[xuan87]

Don't put your lifesaving depend on Bitcoin as you can see the price fall down sharply few days ago and so your money become unpredictable, Bitcoin is more suitable for teenager and youngster who need investment that can growth, for elder people Fiat is more suitable for emergency usage

The price can go up but it will take times to passed 4200$ so you need to be really patience because the banning can caused the transaction volume to go down

[BitWhale]

advising your grandmother to go all in on something that has risen 33x in 2.5 years was a very stupid decision. You should never take risks with someone elses money.

[Sithara007]

You buy it at the high price, now you just can wait and hold your bitcoin if you don't want to be loss,there is no any ways,
Bitcoin rate is rising now, just wait and hold your bitcoin for a few weeks more and you will get a profit

There is some good news from China, and the exchange rates have risen by at least 30% during the past 18 hours. It is about to touch the $4,000 per coin mark, after hitting a low of $2,975 yesterday. But I am not sure about the OP. I just hope that he didn't sell his coins when the prices were below $3,000. As I always say, you need to be patient when you are investing in BTC.

[CryptoGFX]

When grandmas are buying its time to sell

LOL most underrated comment. /thread

 

[ipanks]

why you suggest her to put all of her lifesavings in bitcoin? did your grandma don't need money to buy something for her life? but i wonder how much she bought bitcoin with her lifesavings? because if its more than $20k then your grandma need to wait for a while and you can only hope that she will be patience for this. just hope that we don't have to wait too long to see the price is more than $4200.

[sukamasoto]

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

Would be better if you know bitcoin and told your grandma earlier ( 1 or 2 years before ) as for now bitcoin value quite expensive
But don't worry , based on bitcoin graph , it always increase every year so just keep hold even though it's value under $ 4200

[eann014]

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

We all don't have any assurance in bitcoin, you are wrong that you told to your grand mother to put all her life savings in bitcoin. It is not a good decision to put ALL, you can put SOME of it but not ALL. And $4200 is not a good amount to invest. It is good if you start to invest for the amount of $3000.

[Titanos]

That's idiot. What would your grandma do with this money after dying.

[GreenBits]

That's idiot. What would your grandma do with this money after dying.

if you did this on say, the recent dip, then you are a good seed. but, if you generally suggested that your grandmother, who is probably beyond the age of returning to the workforce, that she should invest her lifes savings into the most volatile asset class in the world, then you are an asshole, good sir

this is why bitcoin isnt ready for the mainstream. lets say your gma bought in at 4.5k. at the moment, she would be dead, because she had a stroke when she saw how much money she lost on Thursday. if the money is of vital importance, that is, an investment rather than just pure speculation, bitcoin is a bad choice. you cannot plan a future budget off of something so volatile. when we get past all this and the price stabilizes (and we get more user friendly), this might actually be sound advice one day.

[androidpobeditel]

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

Hey Muenze. I think that you should not worry because of this. Since now there is a lot of volatility in the bitcoin market, the price is constantly jumping. In any case, in the future the price of bitcoin will only grow. So do not get discouraged because of his fall now. 

[Jombrangs]

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

DAMN STUPID!! you will invest someones money into bitcoin ? well you can be spare on what you did but atleast bought at the low and nont at its High you were very wrong on that move you are so excited and didnnt let your brain work !!  poor grandma

[Yakamoto]

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

I wanted to go to the end of the thread to find something more relevant to talk about but this is one of the worst threads I have seen in a long time. Why in the world are you believing things you see on the internet without any other sources supporting the comments, ON TOP of being a forum that caters to a niche community which is always going to mindlessly support the product, and fervently support it when times are good? That was your biggest mistake.

Realistically it will likely take a while before the market starts moving again, and that can start due to (or due to a lack of) a lot of different indicators. You will need to wait for news coming from China to reinvigorate the market, or wait for other asian countries to start taking up the marketshare.

I also have a feeling you didn't even have her buy on a dip.

God damnit.

[jak3]

ok, that sounds very stupid I mean if someone says you that I will give you double of your given money then you will give him your whole life saving without even researching about it. first of all, do not believe others post they are just for reference so you can find answers quickly and secondly whenever you are going to invest any amount no matter how small or big the amount is always research on which you are investing.anyway, btc will soon gonna increase so keep holding your money if you really have it.

[HotCold]

All you can do now is hold and hope for the best, though I think BTC is horribly inflated at this point and it will be some time before confidence is recovered and the price stables out once again. Right now the market is just too unpredictable to make any accurate calls though.

[Rinaze]

Are you trolling? LOL

Fortunately for you (and your grandma), the bloodshed seems to halt for the moment! Always invest in what you can afford to lose only, definitely not yours or someone else life saving.

[Real_Person]

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

What about Grandpa and/or your parents? Can they take advantage of the lower prices? You need to tell her it could take 3 years, and make sure she doesn't sell at the bottom (under $1,000) like so many others will.

[wildflower18]

Investing in bitcoin is a really a risks you should invest on what you can afford to buy. As many said don't pur your eggs in one basket. Be wise in investing of your money that will give a sure return of profit.