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

[pikabit]

If it was that easy, everyone would be rich already. 

[counter]

Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?

https://bitcointalk.org/index.php?topic=759976.0
This guy just panic bought so this should be interesting to follow if he hodl the coins long term and doesn't get weak hand syndrome.

[wasserman99]

Buy low, sell high. You will always win.

This is much easier said then done. There is always the possibility that a price is high but would continue to rise, or that the price is low but will continue to fall.

If it was possible to know when the price is low or high then the price would never become low or high because people would trade ahead of these price levels which would make the price essentially stay almost exactly the same.

It is easier to sell low and buy high

It is probably actually more common for this to happen. People are influenced by both fear and greed, and this will cause people to do things like this

[mllenios]

Buy when bitcoin price is low and then just hold into it. But not your life savings.

[GenieBTC]

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

[Beliathon]

Buy when bitcoin price is low and then just hold into it.

September 9th, 2014. Bitcoin at ~$470

Dump your life savings in now, plus any and all fiat loans you can get.



Never look back. Don't even bother paying back the loans. Your credit score doesn't matter anymore. You're free. You're welcome.*

*You may consider this legally binding financial advice from a Serious Business Professional, MBA, PHD, Esquire.

[picolo]

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

Saving in paper money is not saving, it is being a believer in a fail system

Buy when bitcoin price is low and then just hold into it.

September 9th, 2014. Bitcoin at ~$470

Dump your life savings in now, plus any and all fiat loans you can get.



Never look back. Don't even bother paying back the loans. Your credit score doesn't matter anymore. You're free. You're welcome.*

*You may consider this legally binding financial advice from a Serious Business Professional, MBA, PHD, Esquire.

YEAH

[dKingston]

That's a guy very brave!!!   I wouldn't be so brave to invest
my life savings into Bitcoin. If they are little life savings, I guess
it makes sense, because otherwise I think this is for crazy peolpe.
As with any investments its a risk, but this is a risk too big.

[Meuh6879]

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

[Sylon]

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

Great choice

[X7]

80% BTC / 10% ALT COINS / 10% Fiat

[Meuh6879]

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well 

[beaknuke]

what was it called? iPay? bitcoin may get a rocky time now so perhaps not invest ur life savings

[minerpumpkin]

i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...

It may be wise to hedge some more and keep more in FIAT, ready on an exchange, to buy more if there should be a nother big drop! But make up you own mind! And please don't put in loaned money. 90% is already a very strong exposure!

[dankkk]

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

Saving in paper money is not saving, it is being a believer in a fail system

Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time.

[minerpumpkin]

You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.

Saving in paper money is not saving, it is being a believer in a fail system

Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time.

But one effectively is invested in the FIAT the stock or whatever is denominated in. And one is invested in FIAT if you're just holding FIAT. Even though the price swings are marginal (at least compared to Bitcoin), they do exist!

[Impros88]

Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?

i did. I invested 80% of my savings. Problem is that I did in wrong moment. Right now I am more or less 40% loss. I am 26 and Italian. Already posted here my story. I have even a daughter to feed. If you want to help her, contact me. Even few euros are well accepted. Thanks.

[Brewins]

price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well 

The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving

[Dabs]

But Doge is not Bitcoin. They have a different story, different market, different rate of decrease. Bitcoin is more or less fixed until the next 100 years.

[cbeast]

"The Bitcoin Halving" written and directed by M. Night Shyamalan. A story about bankers mysteriously jumping off bank buildings. A ragtag group of nerds discover that Bitcoin was designed as a fatal virus by an alien called something unpronounceable but sounds like Satoshi Nakamoto. The virus only infects people greedy for fiat currency. The cure is discovered to be hodling.