Ask HN: How much to invest in bitcoin?
I have approximately 12 months' worth of living expenses. I'm single, young, no pets or children, and live very cheaply. I saved that much over a year, but this week I doubled my salary, as well.
If I lost all of the money it would really suck, but I would survive.
How much (if any) would you invest? If none, do you have other sensible advice?
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8 comments
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The first is to throw all of your money into investing in bit coins. You could do it right now. You then sit tight. Next challenge - when do you sell?
The second is you approach this in a lean way. Say if you have $10,000, you might buy $1,000 and then monitor this daily for the next 30 days - you then have some personal and realistic idea of which way your luck is flowing!
You could also setup a spreadsheet and pretend you have invested all of your money and track this - day 30 how are you feeling looking at the results?
I would also look at the likes of litecoin which is also showing some growth.
Best way, do it. Minimise the risk by testing it. 30 days is a great way to test.
Don't forget we're 90% wrong most of the time about everything - hey but that's ok!
Keep on keeping on
@scottsbarlow
Nothing will change about my lifestyle, rather only my bank account points and my progress in savings.