.

[vokain]

they shouldn't find out. 

but if they do, i'll say i transferred the money to a better bank account 

Ballsy, I like it. I didn't let my mom cash me out either.

[ajax3592]

I've wanted a motorcycle since HS, and had enough at the end of freshman year of college to buy one. I bought bitcoins instead. I have a motorcycle now. And bitcoins.

Thanks man. btw, I think you should put the bike on hold.......

Thanks for the advice mates, let's go all $3000 in to trap those 10 BTC once price drops below $300.

[RodeoX]

If you really want to blow away Mom and Dad, wait until you have doubled your value then withdraw your original investment. At that point you will have no downside exposure. No matter what the price does, you can't lose.

Now major in economics and write up your experience for grades. 

[vokain]

If you really want to blow away Mom and Dad, wait until you have doubled your value then withdraw your original investment. At that point you will have no downside exposure. No matter what the price does, you can't lose.

Now major in economics and write up your experience for grades.  

MIT will probably take you if you have a good story :p

[jago25_98]

Never put all your eggs in one basket.

I don't want to see this held up as poster boy for the media in a campaign as to why coins must be confiscated and regulated.

[Bitcopia]

Kid, I would have done the same thing when I was 13, except I had no idea what Austrian economics was, and I was dialing up on a 56k modem.

Not endorsing you using your college funds to make a (relatively smart) gamble. But I think you're certainly ahead of the curve, and whether or not this works out for you, don't ever stop taking calculated risks. And DON'T PANIC SELL!!! This is a volatile market, price will rebound.

[tonto]

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

Another option is if you start feeling any guilt, wait until you've doubled your money, then pay back your college fun, and you'll have "free" money to let you "start over" with your initial investment.

[Rupture]

Pretty strong balls. Hold them.

The coins or the balls??

[Ruzka]

You've done good OP.

There you go.

[semaforo]

   You've done nothing wrong. If your parents made it possible for you to get this much access to the account then you are fine.

  College is a classic ponzi scheme. It only continues to function because of all the lackeys from peripheral countries like Morocco, Mexico, Thailand, etc. who prop up the extremely limited and questionable ideal of objectivity and the scientific method of the Western Roman Catholic tradition turned secular in exchange for a salary and some letters next to their name.

      That being said, I did make a lot of great friends and learn a lot in college. Also turns out a lot of people who I thought were my friends weren't as soon as I changed my ideological foundation to make it incompatible with theirs. I learned at least as much traveling the world as I did studying, and college enabled me to travel a lot due to grants. I also took out loans, but I regret it now and wish I didn't have any debt, although dollar denominated debt is now almost like an asset.

       In any case, I am just saying after studying ethnography and anthropology, any of the traditions of education worldwide are legitimate means of learning. If you decide to learn traditional chinese medicine from an old man in a chinatown in Sydney and never get a certificate, that is just as valid as a degree in nursing from a US university if you can help people with it- salary doesn't matter.The real reason people shell out the extra cash to go to Harvard or Oxford is not because the quality of the education you get there- it's because of the connections you make. You will meet and develop friendships with people who will be leaders in politics and business, and you can use those connections later. Of course, I wouldn't recommend it because the system is already corrupt and isn't getting any better.

If you are fulfilled by your job and grateful for your 800 bucks a month, you are better off than making 5k a month and forcing yourself to go to work every day. When you travel you will see that people live on less than 1 dollar a day and are happier and healthier than many wall street execs.

    I wouldn't recommend masturbating. If you want to travel, I recommend finding a girl who wants to do the same and getting married as soon as you can. Trust me, I had a son at 23, and I regret not doing it earlier- don't listen to anyone who tells you that sleeping with a lot of girls is something to strive after- you will never be satisfied and you will always be going after prettier girls... anyway this is turning into a lecture so I'll just quit for now.

   I remember what its like to be 13 and it is good to have validation from older people. I also had people not believe that my writings were mine because they didn't think a 13 year old could have written them. You are doing good, keep it up.

[kehtolo]

Just keep it safe.. or it won't be worth anything!!!

Hold, hold hold. I think in 7-10 years you should have enough wealth to go to any college you like, or start a business and have enough mmoney to get it up and running properly.

[El Dude]

Wow at 13 this kid discovers bitcoin , when I was 13 the only thing I discovered was masturbation.

[porcupine87]

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.

He is not. Fake! 13 bitcoins are 5200$. Which parents allow their kid to withdraw the college fonds and invest all that money in a high risk investment?
-> haha

PS: I am now 5 years old. Two years ago I started mining and had 10-20% of the network power. ladida

[extra-bets]

I call bullshit and here's why,

1. Call yourself noob2001 because the "year of your birth" apparently makes you sound 13
2. You pulled out the college funds your parents supplied you with. Why did your parents give your account permissions to do that?
3. You brought 12 btc without even knowing whether or not that's a good thing?
4. You spend your time here posing as naive when all you want is attention (username: noob).
5. Your fake as fuck and probably laughing your ass off at the idiots who actually believe you.

You're an over-30 old man posing as a kid only for attention and the odd possible donation. Find a better scam, one that involves photoshop and a screenshot of multiple just-dice entries.

[Jls.]

"Hello, I'm 13 and i'm a convinced capitalist."

I want to make a stand. no point telling my parents, because they are socialists, and tbh they wouldn't understand anyway. Tongue

What's the link between your parents being "socialists" (such a demeaned word), and their inability to understand this choice or bitcoins ?

Someone in this thread advised you to explore each opportunity, and I bet you agree with him, because you want to travel and do things.

I like you. You seem curious, mean, mature and to have big balls for your alleged age, but please let yourself opportunities to think and evolve ideologically. The field is so huge and diverse, that you can not see the big picture at your age (+ you miss living shaping experiences).

Judging by your use of the "socialist" term, and your certainty, I think it might be usefull.
Economic lecture is good, but don't forget politics, philosophy, sociology and history (and not only authored by people you already know or like).
You won't agree with all you read, but it will definitely enhance your comprehension abilities, and help you define yourself on your own.

[Spaceman_Spiff]

You are obviously a smart kid, but you did an irresponsible thing.  If your parents find out you used their hard-earned money to bet on a highly speculative asset, they will be FURIOUS.  
I think you realize this, and thats why you started this thread, in which you only want to hear "good job kid" "smartest choice of your life" etc., so you can feel good about your choice and hide away the doubt and uncertainty.  Be honest to yourself and admit this.  If you only wanted the honest opinion of other people around you, you wouldn't have added " no lectures please".  You are just here to make yourself feel good.

Now about the choice to buy BTC, that may or may not be the smartest choice of your life.  I, like most people here am very bullish on bitcoin, so its entirely possible that this bet pays off very nicely.  The reason why so many posters are patting you on the back is because they feel certain that bitcoin will rise, so they believe strongly that you made a good move.  But realize that you are in the speculation subforum of an asset with huge volatility.  The people here (myself included) have a huge risk-tolerance, and a lot of them probably like gambling.  Thus you should take into account that what somebody here considers to be  "normal" risk-taking, does not correspond to what the average person believes is "normal".

I sympathize with the dilemma of being a young person without (significant) money of your own, and seeing an opportunity like this (or what we believe to be a huge opportunity), knowing your parents wouldn't go along with it.  You definitely have balls, I'll give you that.  
But the responsible thing to do imho would be to go wash cars, mow lawns etc., and use that money to buy bitcoin (although I understand that you couldn't raise a large amount of money quickly that way).  At the very least start earning some money that way to repay your parents if the bitcoin bet goes wrong.

[Morbid]

dont brag about it too much in front of your friends etc. just say you like idea and you only have few satoshis. as bitcoin grows in popularity the masses will end up holding dollars which are losing value. by knowing that a 13yo kid got large sums will attract danger to you and your parents. take care!

[chaosknight]

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

That is a good plan, BTC is better then going to college if you know what you are doing....

[JimboToronto]

You're an over-30 old man

LOL

30 is considered old now?

Last I heard, the average age for Bitcoiners was over 30.

I guess that makes me geriatric at the age of 65, and I could still have 30 years left.

Let me guess? You're not old enough to vote or drink yet, right?

[fleabag]

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

learn from mistakes. your thinking is wrong. when a trade goes against you you get out and cut your losses. you can always buy back in.