Losing your life savings on BTC? Hurting everyday?

[NewCryptonian]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

[NewCryptonian]

How many people here lost big on BTC? Stop the madness now while you still can! Russian government will soon flood market with crypto currencies

[KingScorpio]

How many people here lost big on BTC? Stop the madness now while you still can! Russian government will soon flood market with crypto currencies

Wow so smart how do you know? is cold war conflict now reverse with americans being communists and russians capitalists

[BitcoinNewbie15]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

It will never drop below $100. If it did it would be game over and pointless to buy them anyways. Bitcoin will be the reserve currency of the cryptocurrency market. There is no point for it not to be.

How many people here lost big on BTC? Stop the madness now while you still can! Russian government will soon flood market with crypto currencies

I doubt this, how do you know what the Russian government will do? Who cares anyway? Let them flood the market with cryptocurrencies. There are already thousands of them, what will a few thousand more do? This has nothing to do with Bitcoin. Bitcoin will always have a fixed supply, there is nothing any government can do to change that.

[richan]

what comes to people for them to sell their life belongings for bitcoins which is highly risk investment without any certainty?. It is better to trade in bitcoins and make profit from the rise and fall of it price than holdl.

[GoldenLad]

OP seriously, you should stop causing FUD and panic to those who wants to invest and HODL bitcoin. If you really want to sell of your coins, you can gladly do so and stop putting or forcing people into your decision. And for those thinking that bitcoin will go below the price of $100; it really sounds ridiculous stating that though. Bitcoin price may go below $5k but not below $100.

[pickledmuffin]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

This is all guesswork we really don't know what is going to happen..

[bling-bling]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

If this is the case for a certain someone, then that's his fault. I mean why did he even think of spending his life's savings on one investment?! That is called st...not being smart! Taking the risk is definitely the only way to earn. But it also requires us to be smart at the same time! Good thing is that Bitcoin will certainly recover in the coming months. When that happens it would be wise to use his earnings to build his portfolio. Invest in other coins which are under valued. That would be the best thing to do.

[MiiDoViic]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

I don't believe people a really that dumb to do such a move . Yes gruanted one or two idiots might have been deleusional and did that ,but you can't generalize . BTC is still young and way higher in price compared to last year , so anyone holding will eventually benefit . It's not the end yet ,it's just the beginning .

[Chacha1000]

I don't understand too why bitcoin keeps going down in price daily,it is getting too much that it gets me angry. Let's just hope for boom soon

[KingScorpio]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

It will never drop below $100. If it did it would be game over and pointless to buy them anyways. Bitcoin will be the reserve currency of the cryptocurrency market. There is no point for it not to be.

How many people here lost big on BTC? Stop the madness now while you still can! Russian government will soon flood market with crypto currencies

I doubt this, how do you know what the Russian government will do? Who cares anyway? Let them flood the market with cryptocurrencies. There are already thousands of them, what will a few thousand more do? This has nothing to do with Bitcoin. Bitcoin will always have a fixed supply, there is nothing any government can do to change that.

Such a pointless statement useless for anything beyond moral boosting

[danggoron]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

If this is the case for a certain someone, then that's his fault. I mean why did he even think of spending his life's savings on one investment?! That is called st...not being smart! Taking the risk is definitely the only way to earn. But it also requires us to be smart at the same time! Good thing is that Bitcoin will certainly recover in the coming months. When that happens it would be wise to use his earnings to build his portfolio. Invest in other coins which are under valued. That would be the best thing to do.

Yes, it's the fault of the person doing it, not the bitcoin. In this case, we must understand the risks we must face. In investing, never invest what you can not afford to lose, so in the future will not blame the investment object.

[SportbetMaster]

yes bitcoin is a lottery ticket, it was a winning ticket for those who adopted it early, and will always be for those who want to adopt it now, even if there will be other cryptocurrencies that will try to dethrone the bitcoin but they will be forced to go through the king BTC  and follow the queue and walk behind, like all those who tried before.

[ralle14]

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

If Bitcoin reaches $100 these new coins including other altcoini will probably be worth less than a dollar because alts are mostly traded with BTC. It would take years or a decade before any crypto could take the spot of Bitcoin. Spending too much on something isn't always recommended and if someone did it's a lesson for them not to be greedy they should know the risks and expect to lose money every time they buy some Bitcoin.

[KingScorpio]

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

If Bitcoin reaches $100 these new coins including other altcoini will probably be worth less than a dollar because alts are mostly traded with BTC. It would take years before any crypto could take the spot of Bitcoin. Spending too much on something isn't always recommended and if someone did it's a lesson for them they should know the risks and expect to lose money every time they buy some Bitcoin.

Dont worry there will be countless corporate and infrastructure currencies that will take bitcoins place

For example Iter, fusion research or space exploration etc

[rollingstorm45]

I'm not fixated on bitcoin alone, there are still altcoins that have a pretty good future, of course we all will understand, which coin will replace the existence of bitcoin
only time will show us

[Remainder]

If they are planning to flood with new crypto and some crypto will replace bitcoin then I still use that opportunity for my self to have profit on it, but still I trust on bitcoin and I never loss hope, my life is already change because of bitcoin.

[Dudeperfect]

It is always recommended again and again not to invest more than the loss-bearing capacity of the investor. Bitcoin and crypto industry is still in the early phase of development and no one is sure what is going to happen down the road so in worst case scenario the investor might lose his entire capital invested in the market so he should never invest the amount which he can not afford to lose. In fact, it is recommended not to invest more than 5% of investible surplus.

[pooya87]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

if you think these two are the same thing then you are the idiot!

of course there is no argument that investing your whole life savings in bitcoin is a terrible idea but it is nothing like buying a lottery ticket. it is simply because of chances.
when you buy a lottery ticket first of all you have no way of speculating whether you will win or not and second you have a minuscule chance of winning.
on the other hand when you invest in bitcoin you do have a way of speculating whether you will make a profit (win) or not and also your chances are not at all small.

[darkangelosme]

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

Maybe you're right sooner or later other cryptocurrencies will replace the lead of bitcoin someday, but it seems like and i feel you are only here to spread some fud  , you are not concern at all in my opinion.