Quote from: kireinaha on February 24, 2014, 11:53:01 PM

Quote from: boumalo on February 24, 2014, 10:54:55 PM

Quote from: kireinaha on February 24, 2014, 08:19:28 PM

Phrases that need to be banned from bitcoin:
"Don't invest more than you're willing to lose!" - thanks dad
"Bitcoin outcome is binary, either zero or to the moon!" - ...or it could just be between $500 - $1000 for the forseeable future? i guess people just feel smart by saying this, even though it has no basis in reality.

haha so what should we say? What is your take on this?

Let him do what he wants and don't give him advices, he is asking for some

I am sure you have good ones to give, give it a try

lol okay, my sage advice would be, buy as many as you can right now, since we're six weeks into a bear market and this is a good opportunity. buy as much as you can afford to lose, plus one or two more, but don't take any loans, since we may go down further and it could take many months to spark a rally again. i don't want to say bitcoin is a guaranteed return, but dude, come on... right?

The "don't invest more than you can afford to lose" should be modified to "don't invest what you may need right back in the immediate future (1-2 months)" If you will need immediate access back to the same amount of cash that you just purchased bitcoins with, or it will affect your life negatively if it tanks 30% in a day, then it is the wrong investment for you altogether. You should invest in bonds, or mutual funds, or something more stable. If you can handle the swings, and you support the ideology of it, then it is a great way to diversify your investments (with a ton of potential upside)