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4961569 No.4961569 [Reply] [Original]

Why do i have this feeling that if i invest my life savings in BTC it is gonna fucking crash and make me suicide?

>> No.4961579

>>4961569
Everyone had that feeling until they actually bought it

>> No.4961592

>>4961569
if your "life savings" are anything worth a damn you should invest it stocks

If we're jsut talking a couple thousand bucks put it all in ltc bro

>> No.4961597

That’s why you don’t invest all your savings

>> No.4961606

Because your life savings are worth more than you can afford to lose?

>> No.4961616

>>4961579
Yup, just buy half of what you intend to ultimately buy, so if it does dip you can scoop up the rest then and it won't be so bad.

I took the plunge in August and have 0 regrets (obviously).

>> No.4961622

>>4961606
true but the evil is teasing me so hard with this btc thing , he has been drawing red ferraris in my head :D

>> No.4961625

>>4961569
Emotional thinking from past misfortunes in your life that leads you to imagining catastrophe scenarios as a means of protecting yourself, you do this in other arenas in your life and it holds you back from trying things.

>> No.4961644

>>4961625
BTW I do that too, but I put my life savings of 7k into Bitcoin when it was in the 200s, now it looks like I'll become a millionaire in Q1 2018.

>> No.4961682

>>4961644
well played bro

>> No.4961725

Don't fucking invest all of it, then.
Invest half of it and daytrade it.
Literally keep a window open either at the side of your browser / editor / office / whatever other shite you do on it, or another monitor preferably.
See a rise, hold until it starts noticeably going down with lots of trades then sell, and vice versa with fall to the lowest, buy back in and repeat.
You can look at the graph every 5-10 minutes and still make a reasonable profit. If you want you can still do that even less at 30 minutes. (for considerably less profit since CCs are so volatile, especially BTC)

>> No.4961737

>>4961644
Well congratulamafakationes!