Post
Topic
Board Bitcoin Discussion
Re: Who's brave/stupid enough to invest their life savings into Bitcoin?
by
protokol
on 27/07/2014, 15:38:56 UTC
Investing your life savings into Bitcoin is borderline retarded and indicative of a low financial intelligence.

That statement is so true it hurts.

So what do you think is a safe/good amount of your savings to invest in Bitcoin? 20, 30 over 50 percent?

The key here is it all depends on how much savings you've got. Most people I know have life savings of less than a year's salary, and don't own any assets. For them, it would probably make sense to invest a lot, >50%, because they could make the money back by living very economically for a few years.

If you have a million dollars in the bank, then it would be pretty dumb to invest >50% of it IMO, I would say no more than 15%, more like 5%

But if you have a million dollars and own 10 houses worth a million each, why not invest 100% of your money? If it fails, sell one of your houses and you'll have your money back.