Who's brave/stupid enough to invest their life savings into Bitcoin?

[bitllionaire]

I think that would really stupid more than brave
you should not invest what you can't afford

[1715448537]

1715448537

[1715448537]

1715448537

[leex1528]

Bitcoin might go below $100 dollars:/ 

[a447513372]

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

It's generally a good rule, though sometimes the people who take the risk and go YOLO are the ones who win big, but of course the opposite is also true. I'm a big believer in bitcoin, but I'm not a big believer in people and those are what we need for bitcoin to push through and become very succesful, so I only invest a little of my own money and try earn bitcoins in other ways as I know it's not a foolproof investment. Saying that though, you could invest all your money in bitcoins now and sell as soon as they double or something, which I think is likely to happen, but it's not guaranteed and of course is a risk. Whether you take that risk is down to you to make.

Going "YOLO" is a very good way to end up broke and is essentially playing the lottery. As long as you will not need the money you are risking in a long time and have the ability to save to make up potential losses then it is acceptable to risk money that you will need in the future. This is essentially how people should save for retirement.

The best investors will make calculated risks that have a good risk to reward ratio

[leex1528]

Well at least it is bouncing back up now...IT was below $300 for a bit and that was starting to worry me.  Like many people said in this thread, don't invest what you cannot afford to lose!

[Q7]

Depends on what level you risk you want to take, the higher it is the more profound the impact. It can go both ways though...ask yourself are you willing to take the risk?

[Dabs]

Fiat Loan Approved! haha!

[cexylikepie]

I wonder if anyone made a big buy with their life savings at 300...

[CoinFan10076]

Putting all of your savings into anything is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride.

[bitcoinmon]

Bitcoin might go below $100 dollars:/ 

If it did, I'd put most of my savings in it then 

[picolo]

Putting all of your savings into anything is not a great idea. Easy example, look at the stock market, still baffles me why people continue to pour all their savings into that. A mix and diversification is key, but do agree with others being bullish on BTC that the long term opportunities are great for BTC if you can hang on for the ride.

You would have do better pouring your money into the stock market than money fundsk, savings accounts or real estate in the USA but the stock market is probably overinflated and even if it will go up it may perform less than Bitcoin, Gold or foreign assets

[pitham1]

Bitcoin might go below $100 dollars:/ 

If it did, I'd put most of my savings in it then 

And then you may see it go to $10. 

[cbeast]

Bitcoin might go below $100 dollars:/  

If it did, I'd put most of my savings in it then  

And then you may see it go to $10.  

And then you might pull bitcoins out of your derriere. I might pay $10 to see that.

[chopstick]

All us BTC hodl'ers are gonna be rich

I have SEENT it

[botany]

All us BTC hodl'ers are gonna be rich

I have SEENT it

Yup, and it doesn't matter if you have invested a small amount or your life savings into it. 

[picolo]

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

[theskillzdatklls]

i am. i have had between 40-90% of my net worth in bitcoin depending on the month and im respectably wealthy.

[Argwai96]

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

[picolo]

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

[keithers]

There is a golden rule to live by: never invest what you cannot afford to lose.
FOLLOW IT.

This ^^ a million times over!

Let's say you are cannot afford to lose any of your savings so you don't invest anything then you have all your savings in fiat currency, investing in a currency that will lose its value over time

Your logic is flawed. The value of fiat savings actually generally will increase over time even though the principle will experience inflation as both investment returns and interest on bank savings generally will be greater then inflation.

Interest on bank savings will generally barely beat inflation if they beat it, it's the worst investment possible especially in this area of low interest rates and sunset of the Dollar which will lose most its purchasing power in the coming decade

If the FED keeps interest rates low and create a lot of USD it is very bad for fiat holders and this is exactly what the FED has been doing and will do even more when they think they need to to buy some more time

Interest on savings accounts almost never beat inflation. Interest on savings accounts is so pitifully low it's not even funny.

[The Bad Guy]

Not me , I guess everyone belieave on Bitcoin but investing my life savings ? I would never gamble like that.
I only invest amounts that I can afford to lose.