447 upvotes, 12 direct replies (showing 12)
View submission: Don't invest recklessly
I'm of the mind of not 'getting rich quickly' more 'be in the 1% with the new global currency in 5-10 years time' or go back to living a boring meaningless existence of 9-5. At the point of my life I don't care if it drops to 0, but if it goes to some crazy number I'll be in the stratosphere with it.
Comment by kke2724 at 30/11/2017 at 02:24 UTC
160 upvotes, 0 direct replies
And for that, it’s worth it.
Comment by audigex at 30/11/2017 at 02:55 UTC
205 upvotes, 6 direct replies
Indeed, but that’s his whole point: there’s nothing wrong with putting some money you don’t need into a roll of the dice. He’s just warning against throwing the money you do need in, along with it.
If we go to the stratosphere, I’ll be ordering my Lambo like everyone else here. But if we crash and burn, I’ve lost nothing I wouldn’t have spent on a sofa and a couple of holidays anyway, and my retirement will still be secure, if a little dull.
It’s a roll of the dice. It’s a roll of the dice I happen to believe in, but that doesn’t stop it being a gamble: all OP is saying is that people need to bear that in mind and not be greedy. Invest what you can live without.
Comment by cosworth99 at 30/11/2017 at 06:25 UTC
84 upvotes, 4 direct replies
Well put. My investment is nearly 10k. I would be FAR more pissed about missing out on the gold rush than about losing my 10k.
I have a backup plans and this endeavour is my ultra risk, where my main assets are ultra conservative.
It’s my gambling money I guess. Where the rent money is safely in the bank. Analogy only.
Comment by scoobycrypto at 30/11/2017 at 07:52 UTC
24 upvotes, 2 direct replies
Same here bought 1 Bitcoin and that's it if it goes to 250k i buy a house if it goes to zero im 4500usd poorer wich would suck but i would survive and cut my los
Comment by [deleted] at 30/11/2017 at 07:34 UTC
41 upvotes, 1 direct replies
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Comment by [deleted] at 30/11/2017 at 12:19 UTC*
27 upvotes, 1 direct replies
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Comment by NevaGonnaCatchMe at 06/12/2017 at 02:55 UTC
2 upvotes, 0 direct replies
Hell yea. I call my btc “FOMO Insurance”.
Comment by [deleted] at 08/12/2017 at 14:06 UTC
2 upvotes, 0 direct replies
I just want to be rich enough to line my hamster cage with Teslas.
The key to happiness in life is about having small but obtainable goals!
Comment by fallingstarerotica at 04/12/2017 at 18:12 UTC
1 upvotes, 0 direct replies
Exactly.
Comment by [deleted] at 04/12/2017 at 23:18 UTC
1 upvotes, 1 direct replies
What's the smallest amount of money worth investing in bitcoin right now? Does $200 even make sense? It feels so small just owning .017 of a bitcoin. Should I be spending at least $500-1000?
Comment by [deleted] at 08/12/2017 at 02:13 UTC
1 upvotes, 0 direct replies
Agreed. Take the quick of out get rich quick. Be patient. In 10 years you may be able to work part time or stop. Purely speculative of course. But to me, 10 years does feel quick for getting rich haha.
Comment by bigpato82 at 30/11/2017 at 08:53 UTC
1 upvotes, 0 direct replies
100% look into cardano ADA and you wont be disappointed next year... google them.... the whole project helps with bitcoin and all cryptos. this team is by far the best in the space and will only get stronger.. check them out..