Current Events > My friend put in $100k into Bitcoin when it dipped to $15k

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LockeMonster
12/14/17 2:38:18 AM
#1:


Do you think he's stupid?

Don't get me wrong, I'm not a naysayer, I've made a significant sum of money doing this.

But this dude seems to be going all in with money pooled between him and his uncle (I'm actually better friends with the uncle, not much this guy).
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Wishy
12/14/17 2:38:49 AM
#2:


Yeah good fucking luck getting it out
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Gamer99z
12/14/17 2:39:46 AM
#3:


Putting all your eggs in one basket is inherently stupid.

That said, the odds of him losing it were pretty slim. Leaving I long enough to make a quick buck wouldn't have been the worst idea.
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Callixtus
12/14/17 2:40:47 AM
#4:


Yes, that was a very dumb move for him to make, unless he is already super rich.
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Cookie Bag
12/14/17 2:42:13 AM
#5:


tfw you can drop in any amount of $ into these things, but good luck trying to retrieve any % of it...
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fuzzylittlbunny
12/14/17 2:51:59 AM
#6:


Gamer99z posted...
Putting all your eggs in one basket is inherently stupid.

What would you have me do, one basket for each egg?
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FluttershyPony
12/14/17 2:54:08 AM
#7:


arent ponzi coins only allowed to be redeemed in 5000$ increments every month or someshit? lol what a joke, invest 5 million and it'll take over a lifetime to redeem it even if you just broke even.
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DoctorVader
12/14/17 3:00:39 AM
#8:


FluttershyPony posted...
arent ponzi coins only allowed to be redeemed in 5000$ increments every month or someshit? lol what a joke, invest 5 million and it'll take over a lifetime to redeem it even if you just broke even.

What? No.

Where do you guys get this info? It's a few $k a day when you begin and can increase that to $10k pretty soon. Eventually you can apply for higher and higher limits.

Mine is $500k/day right now.
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