I PANICKED

[Newbie1022]

If I make $150,000/yr but only have $1000 in "life savings" and decide to invest it all into Bitcoin, big deal. 

What kind of dope makes $150,000/yr and has $1000 in "life savings"? I suppose that type of person would dump their last 1000 bucks into magic internet money....

That's just f---ed up, bro. That said, anybody living on the Coasts making $150,000/yr and even modestly attempting to keep up with the Joneses is lucky to have $1,000 in life savings. The world has gotten more expensive.

[Sevvero]

Try not to panic sell now if it drops.

when it drops. Investing in bitcoin in 2014 is about one of the worst investment decisions anyone could make. You'd be better off investing your life savings in Solyndra.

No arguments, no technical analysis, no fundamental analysis, no charts, no graphs.

CONCLUSION: MORON OF EPIC PROPORTIONS DETECTED

[sx100]

I just invested my life savings into Bitcoin

If you had waited until now you could have got more bitcoins for your money.

[wezphoto]

I wish I would have panic-sold my saving when the price dropped the first time at about 630...

[falllling]

I wish I would have panic-sold my saving when the price dropped the first time at about 630...

sorry for you but scamming bag holders are still trying to fool people to buy in fake recovers with "to da moon fake dream", you should stop them

[sx100]

If I make $150,000/yr but only have $1000 in "life savings" and decide to invest it all into Bitcoin, big deal. 

What kind of dope makes $150,000/yr and has $1000 in "life savings"?

Someone who spends most of his income on hookers and blow.

[jjacob]

I wish I would have panic-sold my saving when the price dropped the first time at about 630...

We may still get there shortly. 

[SgtSpike]

So you "invested" your life savings in something that is not an investment? 
Panic is an appropriate response then. Very, very, risky move in my opinion.   

I see you saying that a lot. You are still wrong about it. Miners invest in mining equipment. Everyone who doesn't mine buy coins from miners, that is, we invest in the miners themselves. Net result is that everyone who holds any amount of bitcoin, however big or small, has invested in the network itself. Now you might not think of it as an investment or treat it as such and that's fine, but it is.

This is not what he is saying. He is saying that bitcoin itself is not an investment as it is very risky and it is far from certain that it will rise in price over the long term.

IMO it is nothing short of reckless for anyone to invest their life savings into something half as speculative as bitcoin.

Kind of depends on how much life savings you have.  For me, it was none, so I invested on credit.  It's worked out spectacularly for me so far, and now my life savings IS in Bitcoin simply because I didn't have one before.

[thehappybtc]

At the moment the panic sellers / buyers are sleeping because the volume is really low and the price is steady, the calm before the storm?

[Rakitich]

You should not sell your entire life savings but your body as well, for BTC. It's how safe it is.

[the joint]

Try not to panic sell now if it drops.

when it drops. Investing in bitcoin in 2014 is about one of the worst investment decisions anyone could make. You'd be better off investing your life savings in Solyndra.

No arguments, no technical analysis, no fundamental analysis, no charts, no graphs.

CONCLUSION: MORON OF EPIC PROPORTIONS DETECTED

Wasn't it like ~10 months ago that Bank of Amerca estimated the "fair price" of BTC was $1300?

Anywho, there's a "lot" of investor money pouring into infrastructure development.  While this isn't a direct investment in the currency itself, it speaks volumes about what people believe its potential to be.

[exocytosis]

I just invested my life savings into Bitcoin

My condolences. 

[counter]

I think you will have a very long panic attack from all the worrying about how the future of Bitcoin will impact your life but the profit should help you when the medical bills come in the future or maybe just the vacation home mortgage.      

[Febo]

I just invested my life savings into Bitcoin

If you had waited until now you could have got more bitcoins for your money.

yes, and you could lend that money to someone at high interests.

[X7]

I just invested my life savings into Bitcoin

Welcome to the all in club homie  BTCBTC See you on the moon BTCBTC

[Meuh6879]

I just invested my life savings into Bitcoin

since december 2013 for me ... since the law about eurozone to steal life economies on bank account.

[Jay Gatsby]

I put all of my savings into bitcoin. I live off of eating potatos.

[Richard Branson]

I recently invested 0.01% of my life savings into bitcoin and still have more bitcoin than 99.99% of all bitcoin holders.
Poor people make me angry!

[pork pie]

I recently invested 0.01% of my life savings into bitcoin and still have more bitcoin than 99.99% of all bitcoin holders.
Poor people make me angry!

I'm sure Bill Gates would consider you very poor. If he invested 0.01% of his life savings into bitcoin he would own them all, and still have change left over.

[jjacob]

I recently invested 0.01% of my life savings into bitcoin and still have more bitcoin than 99.99% of all bitcoin holders.
Poor people make me angry!

What would be the average bitcoin holding (excluding Satoshi's stash)?