Quote from: ijme1989 on May 02, 2013, 08:20:12 PM

Quote from: AlexMerced on May 02, 2013, 06:46:06 PM

Quote from: nickha0 on May 02, 2013, 05:52:18 PM

You have to have nerves of steel to an extent. I only have about .5 BTC but I was tempted to sell yesterday. Can't imagine what it's like for someone that has their life savings in bitcoin.

I just have a good feeling that it will bounce back up though, the indications are all good, it's really just a fluke that it dropped down this low IMO.

If you put your life savings in bitcoin your asking for trouble, anyone who puts their life savings in only 1 thing is asking for trouble no matter what that thing is.

Bitcoin is a great place to but your un-needed money, but life savings... oi, I hope people arn't doing that yet.

If you dont have your life savings in btc you have no faith in btc Wink

The more people that have their money in btc the more the demand will be for places to accept it.

Also un needed money? What is this? If it's un needed i know plenty of people who need it.

It's not about faith it's about being prudent with funds may need liquid in the short run, someone young like me without many obligations can afford to take the risk of toeing up income in accumulating bitcoin.

If your a senior living on a fixed income or got kids to put through college I wouldnt go overboard, there is a lot potential upside but a lot of potential upside generally means a lot of potentials risks.

We don't want people over adopting because one bad turn will sour their impression of bitcoin, we want a healthy gradual natural rate of adoption.