Quote from: psybits on May 02, 2013, 08:43:53 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.

I don't know about that - if you put your life savings in when they were USD 0.20 a piece you'd be pretty happy right now

Crypto is the future!

Yes, but it was still risky, speculation isn't the same thing as investment or savings.

Savings isn't about making money , but having funds that you can depend on.

Again I'm not disagreeing that early adopters made a lot of money, but how many other similar projects did early adopters lose money on.

The one successful speculation doesn't mean all will pan out the same way or then then everyone should be putting their life savings in feathercoin.