Timetwister
Legendary
 Offline
Activity: 1199
Merit: 1047
|
 |
September 07, 2014, 08:24:13 AM |
|
Whoever is putting his life savings into BTC is a fool. [...] (I still think BTC long term is a very good investment). These two statements contradict each other, so it seems you are the fool. Make up your mind, it's either a good investment or its not. Even if something is a good investment, you have to take into account its volatility and risk of ruin. So generally even if you find a really good investment, it's wrong to invest all your money in it. You also have to take into account the marginal utility of money. If you are already happy with what you have, there's no point in risking all your money. |
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
September 07, 2014, 09:08:57 AM |
|
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)? That we can know: 13 mill coins / 7 bill persons = 0.002 BTC |
|
|
|
|
panju1
Legendary
Offline
Activity: 1246
Merit: 1000
|
|
September 07, 2014, 12:55:45 PM |
|
Whoever is putting his life savings into BTC is a fool. [...] (I still think BTC long term is a very good investment). These two statements contradict each other, so it seems you are the fool. Make up your mind, it's either a good investment or its not. Even if something is a good investment, you have to take into account its volatility and risk of ruin. So generally even if you find a really good investment, it's wrong to invest all your money in it. You also have to take into account the marginal utility of money. If you are already happy with what you have, there's no point in risking all your money. I doubt if there are people who are really happy with what they have.  |
|
|
|
|
|
EvilPanda
|
|
September 07, 2014, 06:31:05 PM |
|
Whoever is putting his life savings into BTC is a fool. [...] (I still think BTC long term is a very good investment). These two statements contradict each other, so it seems you are the fool. Make up your mind, it's either a good investment or its not. Even if something is a good investment, you have to take into account its volatility and risk of ruin. So generally even if you find a really good investment, it's wrong to invest all your money in it. You also have to take into account the marginal utility of money. If you are already happy with what you have, there's no point in risking all your money. I doubt if there are people who are really happy with what they have. That's human nature, you always want more. As a kid I used to think "if I had a spare $50 I could buy a new game and invite my friends to play". As a teenager: "If I had a spare $1000 I could buy a new bike". Now: "Damn I need $50k more to buy a flat". I wish I was a kid again  |
|
|
|
X7
Legendary
Offline
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
|
|
September 07, 2014, 06:56:17 PM |
|
I regret nothing.. I am all in with Bitcoin (5 months ago) .. continue to buy 50% of all income.
|
For what shall it profit a man, if he shall gain the world, and lose his own soul?
|
|
|
|
hotsaucee
|
|
September 08, 2014, 05:54:53 AM |
|
I think OP is joking...
End of the day panicking doesn't lead you to buy up Bitcoin, leads you to selling it....
Need to set a stagger sell pattern in my opinion though to diversify some of that risk.
|
|
|
|
CryptoCarmen
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
|
|
September 08, 2014, 04:44:58 PM |
|
I just invested my life savings into Bitcoin
Good you will be able to spend them now since Paypal will start using btc. You did wize money transaction back then. |
|
|
|
|
|
blatchcorn (OP)
|
|
September 08, 2014, 04:46:15 PM |
|
I just invested my life savings into Bitcoin
Good you will be able to spend them now since Paypal will start using btc. You did wize money transaction back then. I am packed for the moooon!  |
|
|
|
|
|
blatchcorn (OP)
|
|
September 08, 2014, 07:11:59 PM |
|
I am now selling my car for more bitcoin
|
|
|
|
|
|
wang_yan
|
|
September 08, 2014, 07:12:57 PM |
|
I am now selling my car for more bitcoin
I wish I had a car to sell. |
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
|
September 08, 2014, 07:41:48 PM |
|
I am now selling my car for more bitcoin
I wish I had a car to sell. you have kidneys. one can do. |
i am satoshi
|
|
|
|
oceans
|
|
September 08, 2014, 10:56:55 PM |
|
Confused as to why you would put it all into bitcoins due to panicking? Anyhow I guess you could probably say that it was either a good decision or a bad decision now I am thinking as buying into it means selling and hopefully gaining a profit.
|
|
|
|
|
andy35
Member
Offline
Activity: 62
Merit: 10
|
|
September 08, 2014, 11:02:57 PM |
|
I am now selling my car for more bitcoin
Was it an expensive car, or a cheap one? How many bitcoins can you buy with the money from the sale? |
|
|
|
|
|
Beliathon
|
|
September 09, 2014, 12:45:10 AM |
|
I am now selling my car for more bitcoin
I wish I had a car to sell. you have kidneys. one can do. Your neighbors have kidneys too! A dozen will make you much more money, and keep your business model sustainable beyond the short term! Give em the old chroloform-icebath one-two! Always stay business-minded. |
|
|
|
andy35
Member
Offline
Activity: 62
Merit: 10
|
|
September 09, 2014, 12:55:56 AM |
|
I am now selling my car for more bitcoin
I wish I had a car to sell. you have kidneys. one can do. Your neighbors have kidneys too! A dozen will make you much more money, and keep your business model sustainable beyond the short term! Give em the old chroloform-icebath one-two! Always stay business-minded. You would get into less trouble for stealing a dozen neighbor's cars than a dozen neighbor's kidneys. |
|
|
|
|
|
kingscrown
|
|
September 09, 2014, 01:27:47 AM |
|
im buying now loads of BTC and LTC but i have money to live out from.. im not in rush
|
|
|
|
|
hayabusa911
|
|
September 09, 2014, 07:43:48 AM |
|
I also spent way to much money on btc.
|
|
|
|
|
X7
Legendary
Offline
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
|
|
September 09, 2014, 03:03:29 PM |
|
I also spent way to much money on btc.
You know when someone dies... everyone says.. Oh "I am so sorry for your loss".. Well... "I am so sorry for your gains..." lol |
For what shall it profit a man, if he shall gain the world, and lose his own soul?
|
|
|
CryptoCarmen
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
|
|
September 16, 2014, 11:15:40 AM |
|
im buying now loads of BTC and LTC but i have money to live out from.. im not in rush
You dont need to buy more LTC. |
|
|
|
|
|
NotLambchop
|
|
September 16, 2014, 11:30:31 AM |
|
I just invested my life savings into Bitcoin
Ur not doing so bad, OP. Only ~6% poorer. You could have done worse. No reason to kick yourself over it. |
|
|
|
|
|
