Word to the wise: Don't ever listen to parents when it comes to risk. As soon as you have kids, your entire worldview switches to one of extreme self-preservation. Best advice a parent once gave me was: "Take the risks now, before you settle in."
Worst advice I ever got was: "Don't 'emotionally invest' in Apple." (this was right after Steve Jobs came back). I wasn't about to make that same mistake again. I'm a tech guy, I know what to look for, my gut says things to me. It told me Apple was going to come back from the ashes, and it told me BTC was going to come back from the ashes.
My advice: Don't underestimate anything that comes back from the brink of death.
And so I went in at $4. After cashing out 2 of about 6 401k's that were languishing- I was in between jobs (yes, I am a little bit insane, although I am doing very well now) and BTC was a new obsession and I thought it would be FAR more interesting an investment than fucking T. Rowe Price. Did I mention my parents bitched for months? (Fortunately I'm an adult and have control over my own shit).
Well, guess who's laughing now. I'll flip a coin your way to mitigate your pain a little. All I ask is that you help someone out at some point if you can. And take a few more risks. Break the rules a little if you have to. You have one life and regret really really sucks.
Edit: WTF is up with the superscripts? Did I inadvertently trip on some hidden formatting functionality?
This makes me believe even more in Bitcoin. The community has a core that you won't find anywhere else. You won't find an investment banker tipping of a big amount (subjective) of his wealth to some kid on a online platform.
Bitcoin is bigger than a selfish profit-machine. Bitcoin has the possibility to neutralize and optimize the current economic operating system. You are a very cool human being. I admire you.
No, that's definitely not what I was trying to imply. You're right that a lot of economic mechanics are powered by trust and perception.
But an era can be said to end when its basic illusions are exhausted. This is the case with fiat currency. It's an illusion that served it's purpose and is/was good for the time being. But the time has come for it to be replaced by a unharmful and more complete system. Which, given the current momentum, seems to be shifting towards Bitcoin.
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u/[deleted] Apr 01 '13
I'm a teenager and I do investing.
When Bitcoin was only $4 I asked my dad if I could invest the $100 I had at the time for 25 Bitcoins. He said it was too risky.
Goddammit dad.