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mullerdan
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November 12, 2014, 02:20:40 PM |
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Someone brave and enough I guess...answer into question.
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Sutters Mill
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November 13, 2014, 02:08:19 PM |
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It's always going to be a risk but I'm also starting to think it might be fairly safe to buy in at a low and then just dump when these price rises happen because of the wild fluctuations. Would've made quite a tasty profit recently. Might give it a go next time the price falls to a low  . |
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raja rani
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November 13, 2014, 02:23:53 PM |
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If young and employed and little life savings, I guess it makes sense. If any of those cinditions is untrue, I'd call it unwise to foolish.  |
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allthingsluxury
Legendary
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Activity: 1540
Merit: 1029
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November 13, 2014, 03:20:43 PM |
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That would definitely be a bold move.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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picolo
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November 13, 2014, 04:24:05 PM |
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If young and employed and little life savings, I guess it makes sense. If any of those cinditions is untrue, I'd call it unwise to foolish. The younger you are, the more risks and long term investments you can make but a good way to accumulate wealth without leverage is to keep saving, diversify and not loose money on investments. |
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Rassah
Legendary
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Activity: 1680
Merit: 1035
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November 14, 2014, 05:44:37 AM |
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 What's up bitcoin noobs? Just dropping in to remind everyone what a cool cat I am. Still got 97.5% of my life savings in Bitcoin. Still coasting at 250%+ ROI from time of divestment from that worthless scam called fiat. It is not impressive if we don't know how much your life savings is Tough shit, I'm not here to impress you, I'm here to remind everyone what a cool (and giant-ballsacked) cat I am. Fuck you, you poser. Not only do I have my life savings in bitcoin, and I am a cool cat, but I have a cool cat avatar to prove it. You're not cool until you get one yourself  |
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Flashman
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November 14, 2014, 01:36:29 PM |
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When you can haz cheezeburger for BTC, you guys are fucked ... https://www.youtube.com/watch?v=-8cbBNM63T0 |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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Feri22
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November 14, 2014, 02:23:55 PM |
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I am stupid / brave enough to do this, i already did it and i am doing it every month 100% of my savings go to crypto...I am 500% in averaged profit, so i would call myself rather brave than stupid |
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picolo
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November 14, 2014, 02:52:59 PM |
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I am stupid / brave enough to do this, i already did it and i am doing it every month 100% of my savings go to crypto...I am 500% in averaged profit, so i would call myself rather brave than stupid Most non-scams investments are safer that saving on a US or European Bank account; yet most people think savings in a Bank is the less risky investment. You have 99% chance of losing value with a saving account |
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Frijj
Member
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Activity: 66
Merit: 10
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November 14, 2014, 03:52:07 PM |
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I am stupid / brave enough to do this, i already did it and i am doing it every month 100% of my savings go to crypto...I am 500% in averaged profit, so i would call myself rather brave than stupid I think bitcoin will be a safe bet for the near future and still has potential for much higher prices, but I don't have much money to put it into btc though I wish I did. |
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Gemminyc
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November 14, 2014, 03:55:40 PM |
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There is nothing wrong having part of your wealth in Bitcoin, and I do have. Any investment is risky, so saying keeping your life savings elsewhere is smarter is pretty ignorant
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leex1528
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November 14, 2014, 04:13:14 PM |
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I am stupid / brave enough to do this, i already did it and i am doing it every month 100% of my savings go to crypto...I am 500% in averaged profit, so i would call myself rather brave than stupid When did you start investing? |
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picolo
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November 14, 2014, 06:08:46 PM |
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I am stupid / brave enough to do this, i already did it and i am doing it every month 100% of my savings go to crypto...I am 500% in averaged profit, so i would call myself rather brave than stupid I think bitcoin will be a safe bet for the near future and still has potential for much higher prices, but I don't have much money to put it into btc though I wish I did. Maybe not a safe bet but a good bet for sure. There is nothing wrong having part of your wealth in Bitcoin, and I do have. Any investment is risky, so saying keeping your life savings elsewhere is smarter is pretty ignorant
You have to invest where you can expect a positive return over the long run. Bitcoin may be a 30% chance of quintupling your money in 2years |
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TheGame
Member
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Activity: 66
Merit: 10
You just lost
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November 14, 2014, 06:10:15 PM |
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Investing is always risky but it's those who take the risk that reap the rewards. Of course the opposite is also true if they investment fails but you've got to speculate to accumulate  . |
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picolo
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November 21, 2014, 01:47:37 PM |
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Investing is always risky but it's those who take the risk that reap the rewards. Of course the opposite is also true if they investment fails but you've got to speculate to accumulate . Not losing money is a good way to build wealth. There is nothing wrong having part of your wealth in Bitcoin, and I do have. Any investment is risky, so saying keeping your life savings elsewhere is smarter is pretty ignorant
Some investments are riskier than other though |
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Rampton
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November 21, 2014, 01:53:24 PM |
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There is nothing wrong having part of your wealth in Bitcoin, and I do have. Any investment is risky, so saying keeping your life savings elsewhere is smarter is pretty ignorant
Of course there is nothing wrong with it, but most people would agree that putting all of your life savings into bitcoin is very risky and maybe even a silly risk, but obviously that is up to the individual on how much money they are willing to put into it. The risk could pay dividends of course, but the opposite is also true. |
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Ruthful
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November 21, 2014, 02:42:19 PM |
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My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.
Mine is around 7% minimum.Lucky me huh  |
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Daanie
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November 21, 2014, 02:43:10 PM |
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My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.
Mine is around 7% minimum.Lucky me huh you live in switzerland or something? lol |
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Ruthful
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November 21, 2014, 02:44:50 PM |
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My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.
Mine is around 7% minimum.Lucky me huh you live in switzerland or something? lol Nope. SEA |
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oblivi
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November 21, 2014, 06:05:45 PM |
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My main bank offers a "high interest" saving account, minimum $5K balance required. A whopping 1.05% interest. Wow, that's a real good place to park my money.
Mine is around 7% minimum.Lucky me huh you live in switzerland or something? lol Nope. SEA The mediterranean? |
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