Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
meanig
on 20/11/2013, 14:53:50 UTC
If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.

You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.

Living paycheck to paycheck means that you have no money to cover any unexpected events such as losing your job or a medical emergency. Literally if you miss a paycheck you have no money. Quiet simple really. Anyway, someone living paycheck to paycheck or someone doing a low paying job with $10k in the bank is never going to make any sort of investment in anything.

The people getting into Bitcoin over the coming weeks will be the rich guys who were previously sitting on the sidelines over the legality issue. Now that they've heard Bitcoin isn't illegal expect them to start dropping a few tens of million here and there into the exchanges.