.

[noob2001]

......

[wobber]

Pretty strong balls. Hold them.

[BitchicksHusband]

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

The wise also learn from lectures.

Also, are your parents in on this or are you hiding it from them?  (Hiding stuff usually turns out bad no matter how good it is.)

But yeah, kid, I think that you have an 80%-90% chance of having $120,000 or more in a couple years from the approximately $4200 you invested.  Of course, there's a 10%-20% chance that you could lose the $4200, but that seems less likely every day.

[windjc]

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

No lecture here. I am bullish and have invested a considerable amount in BTC.

However, no one can tell you if you did good (well).  In life, you just have to find out.

You seemed to have trusted your instincts and I think trusting your instincts is the way to go, but that's just my opinion.

Also you are willing to risk. Which means you are willing to learn. Even if it turns out to be a mistake or the wrong choice.

Welcome to bitcoin land though. Hope you enjoy the ride.

[crazy_rabbit]

I'd be curious how being 13 you were able to withdraw from your bank account and buy the bitcoins. I think you will probably be fine, but still- depending on how you GOT them, you might have a lot of explaining to do when you try to cash them out eventually.

[Missionary]

In the long run it may very well have been a good investment. I would recommend any (adult) friend to consider buying right now.

Since you are a minor, lectures are not optional:

[lecture]
You should have convinced your parents instead of doing it behind their backs. Would I have been your dad, I would have been mad and proud at the same time. These kinds of decisions are for adults. Period.
[/lecture]

[crazy_rabbit]

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

i've managed to buy 12 bitcoins. i'll be holding these indefinitely, even if the btc price drops 90%. no trading, although i may sell x amount to cover my expenses if things go well.

please reassure me i've done good?

and is 12 btc a good position?

and no lectures.

thanks

No lecture here. I am bullish and have invested a considerable amount in BTC.

However, no one can tell you if you did good (well).  In life, you just have to find out.

You seemed to have trusted your instincts and I think trusting your instincts is the way to go, but that's just my opinion.

Also you are willing to risk. Which means you are willing to learn. Even if it turns out to be a mistake or the wrong choice.

Welcome to bitcoin land though. Hope you enjoy the ride.

By "hope you enjoy the ride" he means, "Hold on for dear life and don't listen to anyone here". :-)

[Ivanhoe]

I think you made a good decision. You did research on it and dare to take some risk. Impressive for someone for someone of your age. 12 BTC is an amount that could make you very rich if Bitcoin is really gonna take off. Wise of you to don't trade and just buy and hold. Although maybe you find it intresting to observe the market behavior and learn from some guys here? I hope you do because it can be very usefull for you in the future. Welcome to Bitcoin!

[wobber]

By the way, I hope you keep them in a wallet across multiple SD cards! Not in Goxx

[Buffer Overflow]

so, i'm not that old, about 13, i don't have a job and i don't have a lot of savings to invest.......

after a huge amount of research, and in a moment of madness i withdraw from my college fund, which is technically mine although its my parents who pay into into it.

How did you manage to do that?

[amadeo]

Time will show if you are the best son ever or the worst. But I believe that if you have a good trading plan you will be fine.

[sgbett]

Time will show if you are the best son ever or the worst. But I believe that if you have a good trading plan you will be fine.

He has the *best* trading plan - buy and hold!

[Buffer Overflow]

When I start hearing stories like this emerging, I can't help but think the market has risen too high.

[the_sunship]

good for you, at 21 I could have invested in Microsoft (1990). Someone told me about it, but instead I wasted money on smoking pot. I don't think the pot was even that great....

[TheKoziTwo]

I wouldn't count on 1 million any time soon, but I'd say your odds of making money are very good if you can hold for a couple of years or more. It's amazing to hear you consider yourself a capitalist at only 13 years old. Hopefully more youth is waking up now days thanks to the internet. That is really great to hear. Good luck and don't tell you parents, that's probably a bad idea lol.

[Anon136]

if the price were still 100 dollars i would say heck yes. at 400 dollars I'm worried for you. though this newest price increase does feel more natural than the rallies that preceded it, the way it has leveled off and is holding steady is a good sign that this rally is the product of fundamentals more so than greed.

when you start to feel scared just remember that (basically) every single person who ever bought at an all time high before today has made money.

[MaxBTC1]

Have you discovered the joys of masturbation yet?

[bee7]

cheers guys

hmmm they don't know, and they shouldn't find out either unless they check the account balance....  

highly unlikely, but if they do i'll come clean, obviously.

if bitcoin goes to $1million i'll be set for life, even if it takes 10 years to get there. this seems like too good of an opportunity to miss out on, and tbh i don't want to go to college. i'm a capitalist at heart, and i hate school.

I've stored the coins in electrum wallets on usb sticks.

  

It would be better to transfer them to a paper wallet and keep copies of it in a safe places. USB sticks may become unreadable over time. This is not proved, however, the opposite is not proved too.

[utarinues]

I've stored the coins in electrum wallets on usb sticks.

You may as well print your private key, usb sticks should not be used to store data many years securely

hmmm they don't know, and they shouldn't find out either unless they check the account balance....  

You really have balls  

[proudhon]

In the long run it may very well have been a good investment. I would recommend any (adult) friend to consider buying right now.

Since you are a minor, lectures are not optional:

[lecture]
You should have convinced your parents instead of doing it behind their backs. Would I have been your dad, I would have been mad and proud at the same time. These kinds of decisions are for adults. Period.
[/lecture]

+1