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Author Topic: Who's brave/stupid enough to invest their life savings into Bitcoin?  (Read 33436 times)
Wendigo
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January 09, 2015, 03:43:49 PM
 #521

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

Yeah I think this was the guy and my story was slightly off but I couldn't remember all the exact details haha.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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picolo
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January 09, 2015, 09:48:52 PM
 #522

There was a post on r/bitcoin about a guy who did this and we never heard back from him..

It was in April 2013 : http://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/ http://bgr.com/2013/04/05/bitcoin-retirement-investment-414950/

So he paid around 100$ per BTC and may have cashed out some at 500$-1000$; he is massively up.

Yeah I think this was the guy and my story was slightly off but I couldn't remember all the exact details haha.

He made a few hundreds % on his investment Wink
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January 10, 2015, 01:25:21 AM
 #523

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.
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January 10, 2015, 02:24:21 PM
 #524

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Hundreds of users are in the same situation and thousands are up more than 100%.
The protocol is strong and time plays for Bitcoin.
Joosie200
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January 10, 2015, 04:53:09 PM
 #525

It isn't looking pretty...Heck in 6 months it might be less than $300:/

Spot on  Wink Not even 6 months later and we're there lol.
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January 10, 2015, 06:00:56 PM
 #526

It isn't looking pretty...Heck in 6 months it might be less than $300:/

Spot on  Wink Not even 6 months later and we're there lol.

Lol good prediction from leex1528 but where will we be in 6 months? I bet on 660$.
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January 11, 2015, 06:39:26 PM
 #527

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Hundreds of users are in the same situation and thousands are up more than 100%.
The protocol is strong and time plays for Bitcoin.

A lot of people entered Bitcoin in 2014.
They are feeling the pinch.
picolo
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January 11, 2015, 07:28:31 PM
 #528

I put all my savings into it too. That was before December 2013. And I haven't sold any yet, other than what I need to use to pay for everything. I pretty much use bitcoin to pay for everything at this point.

Hundreds of users are in the same situation and thousands are up more than 100%.
The protocol is strong and time plays for Bitcoin.

A lot of people entered Bitcoin in 2014.
They are feeling the pinch.

Yes of course and most lost more than 50% of the value of their holdings but they should stay around bitcoins, keep using it and enjoy the strong protocole and possiblities of the cryto world.
GreatWinter
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January 12, 2015, 05:46:56 AM
 #529

I believe in Bitcoin, but not to the extent that I would put my entire life savings into it. That just seems risky to the point of stupidity. I can see dropping 25% of my life savings at most, but even then, I probably won't be sleeping right. At least, it would be a lot safer than putting it all into an altcoin.
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January 12, 2015, 01:59:19 PM
 #530

As I have said before, putting all of your savings into any 1 thing is not only stupid, it is completely irresponsible.  I hope no one has a family they have to provide for and is putting their entire savings into Bitcoin(Or anything for that matter)
Meuh6879
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January 12, 2015, 02:01:55 PM
Last edit: March 20, 2015, 11:55:51 AM by Meuh6879
 #531

I have entery in 2014 (560-330 Euros).
In 2015 = 260 euros.

So ... i wait a bank crash or ... the 2016 (reward divided per 2).

but the main goal work very great : i can move my money from anything at high amount in ... 10 minutes.
banks can't do this (SEPA for high amount -more than 800 euros- wait 4 full days).

---

When i view the gold value raise by 17% in 2015 ... i wait for the bitcoin that people realise that it's more than gold, it's "spendable" without middle men !
picolo
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January 12, 2015, 07:05:05 PM
 #532

I have entery in 2014 (560-330 Euros).
In 2015 = 260 euros.

So ... i wait a bank crash or ... the 2016 (reward divided per 2).

but the main goal work very great : i can move my money from anything at high amount in ... 10 minutes.
banks can't do this (SEPA for high amount -more than 800 euros- wait 4 full days).

---

When i view the gold value raise by 17% in 2015 ... i wait for the bitcoin that people realise that it's more than gold, it's "psedable" without middle men !

You can move it in an instant and get the confirmation in 10 minutes in average Wink You are right, it is an awesome technology and the price should rise enough for you to be in the black again.
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March 20, 2015, 08:08:04 AM
 #533

I am thinking of selling my houise for bitcoins. Is it a good idea?

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Wendigo
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March 20, 2015, 08:25:40 AM
 #534

If you sign the papers for a fixed amount of money and in the next hours the price of bitcoins falls down you will end up with a lesser amount of cash than you previously has agreed upon. Surely you could wait for the bitcoins price to rise again and you will have more money than the initial price of your house.
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March 20, 2015, 08:30:14 AM
 #535

I am thinking of selling my houise for bitcoins. Is it a good idea?

It sure beats Russian roulette, and potentially more profitable.
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March 20, 2015, 08:39:50 AM
 #536

its a huge risk putting everything you got into btc lol, i mean btc should keep going up but what if you invested everything you had when btc was $1000 and now its at $250 lol you would be one sad man! lol its definatly insane to put all you got into btc

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March 20, 2015, 08:41:56 AM
 #537

I am thinking of selling my houise for bitcoins. Is it a good idea?
I already did. I went almost all in at 240.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
vm_mpn
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March 20, 2015, 09:00:35 AM
 #538

I am thinking of selling my houise for bitcoins. Is it a good idea?
I already did. I went almost all in at 240.

Well, this is interesting... I would think as an early adaptor you would be buying houses for bitcoins, not the way around.
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March 20, 2015, 09:37:43 AM
 #539

I already did. I went almost all in at 240.

Well, this is interesting... I would think as an early adaptor you would be buying houses for bitcoins, not the way around.
Why would you be spending all of your Bitcoins right now?
Aren't we supposed to be buying more than we are using?

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Meuh6879
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March 20, 2015, 11:53:23 AM
 #540

94% in Bitcoin, 6% in BANK account (for bills...).
Always work flawless with bitcoin ... nothing to survey with cold storage.

This is real life economies safe heaven.
Wait the 2016 reward less ...  Grin (like others) to short the inflation of QE system.

Damn, food is not cheap since 2015  Angry Mother Fuck*r Eurozone Bankster QE system !)
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