Quote from: Elwar on November 02, 2014, 09:44:24 AM

I see this quote all the time, thanks dad but I can figure out how much I have to invest. When the price was $17 I took out $10k from my Roth IRA and bought bitcoins. Was that more than I could afford to lose? What does that even mean? Most people with a job can lose everything and because they still have a job they can keep going.

So fuck it, here's my advice. Invest everything you can put together. The price is damn low and we're probably within 10-20% of the bottom (current price, $325). Drop your damn Roth...they'll find a way to tax it when you retire. Investing more than your company's matching into your 401k? Fuck that, dump it into Bitcoin. Any equity on your house? Refinance, put all of that money into bitcoins...the dollar will lose value in the next 30 years to the point where your $100-$300k mortgage will be pocket change.

Do you have a job? If tomorrow your Bitcoin investment went to $0 would you still be able to live? Then dump it all into bitcoins...now.

I am sure this thread will be riddled by people trying to "save you" from yourself. I'm here to help you. Am I just trying to pump up the price? No, the people reading this thread likely do not have enough money to change the price but a few dollars. Plus I sold the bitcoins I got from my Roth back when the price was $12, below what I paid for them (though I am still buying). I've just seen the warnings year after year since the price dropped to $2 and people were panic selling.

Investing involves risk, higher risks tend to come with higher rewards. Donald Trump is worth billions but at one point was in debt over $900 million. Was $900 million more than he could afford to lose?

Invest what you want, it's your life. Live it.

Here is a nice wall of shame of a sampling of posts saving people from themselves when the price was in the single and double digits.

Quote from: rezin777 on May 18, 2011, 02:29:44 AM

Don't invest more than you are willing to lose.

Quote from: bitcoinBull on June 04, 2011, 11:18:00 AM

not to invest more than they can afford lose.

Quote from: toddbethell on May 25, 2011, 11:42:40 AM

Don't invest more than you can afford to loose.

Quote from: rebuilder on June 07, 2011, 09:12:04 PM

Don't invest more than you can afford to completely lose.

Quote from: RodeoX on June 22, 2011, 04:28:22 PM

You should never invest more than you could afford to loose.

Quote from: evoorhees on October 10, 2011, 07:59:55 PM

don't invest more than you can be comfortable losing.

Quote from: Oldminer on February 14, 2012, 09:36:03 PM

Trading Rule #1: Never ever invest more than you can afford to lose.

Quote from: disclaimer201 on April 07, 2012, 01:15:14 AM

remember not to invest more than you can afford to lose.

Quote from: rjk on June 04, 2012, 01:06:02 PM

NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE.

Do not finance more than you can have enough money to lose