Quote from: charlie1010 on September 22, 2014, 03:52:03 AM

Quote from: snappa4ever on September 22, 2014, 02:56:32 AM

Quote from: Impros88 on September 21, 2014, 10:55:44 AM

I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.

IIRC you posted about investing your money that your grandmother gave you in bitcoin. This is not your life savings, as you spent none of your life saving this amount, nor is this money that you earned.

You are also confused regarding terminology. A ponzi is when early investors are paid with later investors money and when there are not enough new investors the ponzi collapses.

A bubble is when the price levels get unrealistically high due to unrealistic investment returns. It is not possible for something to be both a ponzi and a bubble, you will need to pick one

I am new to this and I have responsibilities and fears, but I am going all the way

This is probably not a good idea. I would suggest investing in bitcoin, but only in amounts that you can afford to lose.

I think that the price of bitcoin will likely be either very high or very low several years from now.