.

[Buffer Overflow]

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

Or until the quarterly account statement pops through their letter box.

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[Miz4r]

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

Honestly, I think it wasn't a smart thing to use your future college money for that without the consent of your parents. I am superbullish on bitcoin and I believe it holds a bright future, but many things can happen and there is always a real possibility your bitcoins will become worthless. What will you do if suddenly your college fund becomes worthless? There's a reason why many people advise others not to invest more than you can afford to lose. Can you afford to lose this? I'm not sure how rich your parents are, but I'm sure they won't be too pleased when they find out. Oh well either way it will be a good life lesson for you to learn, I have to admit that if I was 13 and learned about bitcoin I would probably try to scramble for money everywhere to buy some. I wouldn't have gone all in at the current price though, I would have bought my bitcoins slowly over the course of several months to make sure I didn't go all in at the top of this huge rally.

[Barnacle_Ed]

I'd be curious how being 13 you were able to withdraw from your bank account and buy the bitcoins.

This. I thought most college funds weren't touch-able until you hit a certain age...



On bitcoin price rises: I'm personally bearish and think this recent pop-up over $300 will come crashing down soon. We'll probably see the price consistently rise in the next year though, but I'm not sure about the next 5. Best of luck to you.


On college: If you plan to become some kind of business hot-shot, having a degree in hand gives you a huge leg up. Even if its only for networking opportunities. Just my 2 satoshis. Also, just don't go majoring in liberal arts or some crap that won't actually get you hired.

[Davyd05]

I'd advocate for telling your parents now, I'm much older but I've convinced my parents to invest in to bitcoin.

I just don't see your parents liking the dishonesty. But I do understand that you're trying to be apart of a seemingly undergoing revolution of the ways we spend, store and buy.

[thezerg]

cheers guys
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.

college isnt like the school you are in now at least not in most ppls experience.  try it ev3n if u become btc millionaire!  Very few end up not liking it... now all school is is classes, but in college the rest of the time is hanging w your friends.  and if that still doesnt sound fun to you then trust me by 18 or so kids actually start to grow up and college is so big you'll find friends and never see the assh0les...  its like 4 yrs with friends and without any parents :-)

[BitchicksHusband]

Yeah, I hated junior high, but I loved high school and college.  My younger daughter hates junior high right now, but my older daughter loves high school.

[mccorvic]

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

At least you didn't buy a $12000 wizard hat.

But jebus, I wish I had a college fund worth that much when I was 13.

[Nemesis]

Yeah, I hated junior high, but I loved high school and college.  My younger daughter hates junior high right now, but my older daughter loves high school.

How much you want for them? in btc?

[mvidetto]

Just protect the private key.  Last thing you want is to lose the coins based on inability to move them.

[MoreFun]

Based on your writing and words you don't look 13 to me.

[irpirate]

All i can say is hold on to those bitcoins. And don't gamble them. That would be a terrible idea.

[BitCoiner2012]

Resist the urge to liquidate and you'll be fine.

[Ivanhoe]

Based on your writing and words you don't look 13 to me.

i'm beginning to think we are getting trolled too now.

[MaxwellsDemon]

its an online savings account, in my name. i have full access to it and there isnt any restrictions. the account was getting decent interest, but hardly anytthing now. the money is just sitting inflating anyway. i follow ron paul and austrian economics. so i know the govt and central bankers are scum for inflating, and burdening young people with debts. i want to make a stand. no point telling my parents, because they are socialists, and tbh they wouldn't understand anyway.

Damn, kid, when I was 13 I didn't know half the words in that sentence...
You've got balls AND brains.
Go long.

But as others have said, be careful not to go all in. As bullish as I am, Bitcoin is still a speculative investment and you should keep some reserves in stinky fiat.

[bee7]

well i'm mature for my age  .

i like to read books. plus i'm not interested in computer games, like my friends. i'm a bit of an oddball tbh.  

Then you contradict yourself. You say that you like to read books. Your motivation to invest in bitcoins shows that you not only like to read books but you analyse what you read as well. Then you should know that the education is a very good investment.

[RationalSpeculator]

In case you are not trolling...

Wow, you are my hero!

School sucks, later on people just get better at fooling themselves.

Sorry your parents are socialists :/

You will make it big.

[RationalSpeculator]

Then you contradict yourself. You say that you like to read books. Your motivation to invest in bitcoins shows that you not only like to read books but you analyse what you read as well. Then you should know that the education is a very good investment.

Where do I start?

Nah, never mind.

[BitCoiner2012]

Then you contradict yourself. You say that you like to read books. Your motivation to invest in bitcoins shows that you not only like to read books but you analyse what you read as well. Then you should know that the education is a very good investment.

Where do I start?

Nah, never mind.

Love it.

[Miz4r]

well i'm mature for my age  .

i like to read books. plus i'm not interested in computer games, like my friends. i'm a bit of an oddball tbh.  

Then you contradict yourself. You say that you like to read books. Your motivation to invest in bitcoins shows that you not only like to read books but you analyse what you read as well. Then you should know that the education is a very good investment.

You don't need to go to college to become educated. I've been to college for a couple years, got fed up with the system and decided I'm a much better autodidact and can learn everything I need to learn on my own.

[spooderman]

well i'm mature for my age  .

i like to read books. plus i'm not interested in computer games, like my friends. i'm a bit of an oddball tbh.  

Then you contradict yourself. You say that you like to read books. Your motivation to invest in bitcoins shows that you not only like to read books but you analyse what you read as well. Then you should know that the education is a very good investment.

why? so you can earn loads of money!