Thinking of putting my whole roll into Bitcoin

kevincr · Dec 9, 2017

totally impressed by this thing. Nothing can stop bitcoin it's going to the moon

Mortgaging my family home, maxing out my CC"s and getting a loan from my employer, whole roll going into bitcoin

Wish I'd done it last year but too many naysayers

Sometimes you gotta just believe and take risks to get ahead

what y'all think?

Enfuego · Dec 9, 2017

kevincr said:
totally impressed by this thing. Nothing can stop bitcoin it's going to the moon

Mortgaging my family home, maxing out my CC"s and getting a loan from my employer, whole roll going into bitcoin

Wish I'd done it last year but too many naysayers

Sometimes you gotta just believe and take risks to get ahead

what y'all think?

I would never risk 100% into anything.

RunMaker · Dec 9, 2017

Well, I'd imagine it goes up at least 6x in the near future..... ((They)) are working on a way to destroy it. Never underestimate ((them)).

HarryCaray · Dec 9, 2017

Everfresh still hasn't found another hobby I see.

HacheMan · Dec 9, 2017

Every time I withdraw I think I have to because it's going to drop.

But it does just the opposite.

bilbal · Dec 9, 2017

China has too much control of the blockchain to make this a sound investment. I cashed out of bitcoin and don't care how much more I could've gained. The value could drop to $1,000 tomorrow and I wouldn't be surprised at all. If you still want to do something that insane, use a hardware based wallet like Trezor. If you use a software based wallet, you can log in one day and see a zero balance and there will be absolutely nothing you can do about it.

niltes · Dec 9, 2017

it's always a smart investment to buy any asset when it's at historic highs
and has no intrinsic value besides peoples' trust and greed.

SportsAllDay7 · Dec 9, 2017

kevincr said:
totally impressed by this thing. Nothing can stop bitcoin it's going to the moon

Mortgaging my family home, maxing out my CC"s and getting a loan from my employer, whole roll going into bitcoin

Wish I'd done it last year but too many naysayers

Sometimes you gotta just believe and take risks to get ahead

what y'all think?

Honest advice? I don’t think this sounds smart at all. Invest what you can afford WITHOUT draining equity in your home or maxing our credit cards.

SportsAllDay7 · Dec 9, 2017

I answered in seriousness but surely there’s no way this was a serious question!

kevincr · Dec 9, 2017

yes ok point taken but lets say I did it six months ago Id be sitting pretty now with lots of scratch

so sometimes you need to take a risk and my gut tells me this will go up like crazy so Im in

he_dblhockeystx · Dec 9, 2017

if your going to go hardcore like that, make sure you get yourself a hardware wallet

$tinky · Dec 9, 2017

why go so overboard? don't invest what you can't afford to lose

halekulani · Dec 9, 2017

if you have to max out credit cards to put money into bitcoin we already know you are risking assets and money you can't afford to lose

whatever though, gl

AngelMartin · Dec 9, 2017

I think it will continue higher....I saw the guy on CNBC who predicted 10 grand, now he is predicting 40 grand by the end of next year...I'm even hearing 100 grand by end of next year...No doubt it will have heavy up and down days and you have to stomach the volatility....If you put all that money in, maybe you should have an exit strategy in case it gets hit (maybe a stop loss)...but just like stocks, they will try to shake you out of it from time to time....

SECplayer · Dec 10, 2017

kevincr said:
totally impressed by this thing. Nothing can stop bitcoin it's going to the moon

Mortgaging my family home, maxing out my CC"s and getting a loan from my employer, whole roll going into bitcoin

Wish I'd done it last year but too many naysayers

Sometimes you gotta just believe and take risks to get ahead

what y'all think?

I'd say that's an indicator of a bubble.

People who don't understand the "investment" but just rely on their gut to invest everything in it.

What could possibly go wrong?

PatsFan1283 · Dec 10, 2017

He's obviously fucking around. Although there are certainly a lot of signs of froth.

Redagger029 · Dec 10, 2017

HarryCaray said:
Everfresh still hasn't found another hobby I see.

Yea, maybe he should go back to selling bogus sweepstake tickets. He's got a hell of a rap sheet.

Ricboff · Dec 11, 2017

https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html

[FONT=&quot]Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday.[/FONT]
[FONT=&quot]"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.

popcorn-eatinggif

(never underestimate your fellow man........)[/FONT]