haploid23
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July 29, 2014, 02:55:35 AM |
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^ Very good logic. A lot of things you can use the past to predict the future, however this is not true when it comes to investing. Past performance does not guarantee future gains. You picked data points that support your point very well, however I can also choose specific data points where someone entered and exited that will net a huge loss.
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iTRADEbtc
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July 29, 2014, 03:19:08 AM |
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^ Very good logic. A lot of things you can use the past to predict the future, however this is not true when it comes to investing. Past performance does not guarantee future gains. You picked data points that support your point very well, however I can also choose specific data points where someone entered and exited that will net a huge loss.
That is not good logic. If someone were to invest that savings rather then let it sit in a bank account then they would have vastly more money at the end of the day. |
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kingama
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July 29, 2014, 04:33:36 AM |
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With Bitcoin's track record, it's hard to justify being in anything else.
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V8x8d
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July 29, 2014, 10:15:41 AM |
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I would rather have my money in Bitcoin than the equity markets that look set to burst or Fiat that will be subject to bail-ins when the banks collapse again.
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Kazimir
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July 29, 2014, 10:18:29 AM |
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Yep, me. I have 95% of my net worth in bitcoins.
By the way it's typical how you categorize this as brave or stupid, rather than smart/wise/visionary.
Furthermore, this also leads to the question: who is brave/stupid enough to invest their live savings into fiat?
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BADecker
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July 29, 2014, 10:20:27 AM |
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If you have enough life savings to buy more than one bitcoin, you must have been IN before the end of 2012!  |
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Kazimir
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July 29, 2014, 10:21:24 AM |
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With Bitcoin's track record, it's hard to justify being in anything else. This, and with the Dollar and Euro track records (and especially their bank-monopolized fundamentals of fractional reserve banking) it's hard to justify being in fiat at all, other than the necessary payments for services that don't accept Bitcoin yet (such as taxes and mortgage). |
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deepestfear
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July 29, 2014, 10:21:32 AM |
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The point for me is moot as I have practically zero net worth By that logic, I should fully invest in bitcoin as I have so little to lose  |
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Whitehouse
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July 29, 2014, 12:08:24 PM |
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With Bitcoin's track record, it's hard to justify being in anything else. This, and with the Dollar and Euro track records (and especially their bank-monopolized fundamentals of fractional reserve banking) it's hard to justify being in fiat at all, other than the necessary payments for services that don't accept Bitcoin yet (such as taxes and mortgage). Really? I'm a big believer in bitcoin but bitcoin doesn't really have a 'track record' as being stable. I think bitcoin is more of a risk than most strong fiat currencies at the moment but this could all change. |
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leex1528
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July 29, 2014, 12:25:23 PM |
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If we want to start talking about how Americans are getting screwed in the inflation department, I think we should make another topic about it!
I am pretty sure the minimum wage if kept up with inflation would be around 12/hr no? Instead it is nearly half of that at 7.25, completely stupid...
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Whitehouse
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July 29, 2014, 12:28:02 PM |
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If we want to start talking about how Americans are getting screwed in the inflation department, I think we should make another topic about it!
I am pretty sure the minimum wage if kept up with inflation would be around 12/hr no? Instead it is nearly half of that at 7.25, completely stupid...
It's not just in America this is happening. It's the same in many places and here in the uk too. Things keep getting more expensive but wages never go up and working conditions and contracts get worse with stuff like zero hour contracts where they can fire you at anytime without giving you any notice or severance pay. |
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leex1528
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July 29, 2014, 12:33:45 PM |
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It's not just in America this is happening. It's the same in many places and here in the uk too. Things keep getting more expensive but wages never go up and working conditions and contracts get worse with stuff like zero hour contracts where they can fire you at anytime without giving you any notice or severance pay.
Yes I wasn't sure about everywhere, I know Austrailia is doing very well but that's about it.. Things need to change and quickly but it just seems like the rich get richer and the poor get poorer.. |
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Kazimir
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July 29, 2014, 12:35:53 PM |
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Really? I'm a big believer in bitcoin but bitcoin doesn't really have a 'track record' as being stable. I think bitcoin is more of a risk than most strong fiat currencies at the moment but this could all change. Can you name one strong fiat currency? Certainly not the Euro or U.S. Dollar, as they are both built on a rotten, unstable, undurable, and fundamentally corrupt foundation (fractional reserve banking, monopolized by a handful of private companies). |
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bryant.coleman
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July 29, 2014, 12:37:44 PM |
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Around 10% of all my life savings are in Bitcoin. Some 75% is in the form of real estate, and the remaining mostly is in equities and mutual funds. I am having no plans to increase this amount, as I don't want to invest more than 10% in to High-risk investments.
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franky1
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July 29, 2014, 12:39:34 PM |
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If you have enough life savings to buy more than one bitcoin, you must have been IN before the end of 2012! WTF.. bitcoin is only $600.. and bitcoin was only $6 in 2012.. are you saying the world only has $6 in life savings.... .. logic boy.. get some.. your off by a long shot. |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Beliathon
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July 29, 2014, 01:12:42 PM |
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Yep, me. I have 95% of my net worth in bitcoins.
By the way it's typical how you categorize this as brave or stupid, rather than smart/wise/visionary.
Furthermore, this also leads to the question: who is brave/stupid enough to invest their live savings into fiat?
Damn near everyone is stupid enough. As for brave, well that I cannot say. I'd argue the brave ones are the ones with the courage to pull their money out of a corrupt, broken system. That's you and I, friends. |
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Elwar
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Viva Ut Vivas
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July 29, 2014, 01:45:45 PM |
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Bitcoin is a currency, are Europeans stupid to have their life savings in Euros or Americans stupid to have their life savings in dollars?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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leex1528
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July 29, 2014, 01:58:24 PM |
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Bitcoin is a currency, are Europeans stupid to have their life savings in Euros or Americans stupid to have their life savings in dollars?
Now I wouldn't call it stupid to have money in savings in actual dollars? No one knows where Bitcoin is headed for 100% certainty just as no one knows what the dollar/euro will rise/fall to. I have some in Bitcoin and some in Dollars, The thing I like about having a bank account is if my account gets hacked, my money remains because its a lot more safe in there than any wallet you can have. |
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ljudotina
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July 29, 2014, 01:58:52 PM |
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@OP Putting all your egs in one basket is really NOT smart. Even tho i'm inlove with Bitcoin, i would never transfer my complete life savings into BTC. Part of it? Sure why not. All? That's just plain and simple gambling. It can probably be done in developed countries where u r secured by social securities. U'll get life's basic facilities free of cost.
Now, yes. In 10 years? A lot can change in 10 years. It's enough time to change one good standing country into piece of shit wanna be democracy where only thiefs live good lives. And you do plan to live longer i hope? As i said before....i'd never put 100% of my savings into BTC...no way... |
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pissedoff
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July 29, 2014, 02:06:07 PM |
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I really wish I had listened to my urges to invest in Bitcoin when I first joined the community, I would be seriously benefiting now. When I first joined I was making Bitcoin from faucets which were giving good amounts (1 Btc) to anyone who used them. I was thinking of investing $300-500 in Bitcoin at the time but, never did. Now, I do regret that heavily my profit would of been through the roof. A few months after not investing I lost interest and recently have seen the amount it's shot up to.
So will I make the same mistake again? Probably.
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