Interesing blog , thanks for sharing with us bro @bycompoundfilms

Bitcoin isnt fast money. And people should never just throw their money into something they don't know. They need to learn the skill of trading and analyzing the patterns of bitcoin vs usd or other altcoins vs btc to be able to truly make long term money from this market.

Amazing and well written, 
https://media.giphy.com/media/3ohhwi25ISXC7Z4tMs/giphy.gif

That is so bad :( I really feel for her.

Great dear

she wouldn't listen to investing a portion of whatever her income is per month instead of dumping all of her savings right now?

Unfortunately, everyone has to pay tuition to learn how to be the manager of their own finances. Some pay a higher tuition because they have more lessons to learn (more frequently, often).

Can't get too worked up over this..close people in my life have been asking me if they should buy bitcoin for over 2 years now and I keep telling them the same thing, "look into it, do your research, and make a decision".

You have just exposed a hard reality, are stories hidden behind a fever that will may help us, in the future after correction, learn that speculation has always brought bad results ... I subscribe to your words fully ..! Very sad..!

Unfortunately a lot of people jump in based off emotions. Funny how something like money can alter the way someone thinks.

so interesting.bitcoin goes down.thanks for sharing

I couldn't agree more! Just in the last month my wife, who knows nothing about investing, crypto, or anything related to money besides how to spend it, asked me to help her open a Coinbase account. My brother, a lot smarter but also late to the party, just jumped in around Christmas time. Heck my mom, the most financial conservative person I know told me she was thinking about getting into bitcoin. That tells me that the bull market is over for now until the late to the party dumb money gets taken to the cleaners.

Very wise advise @bycompoundfilms!  I can only imagine how hard it must be to be a single mom in the first place.  Perhaps she can invest in some stocks or even some funds for her kids college/future.  I hope it works out well for her.

Bitcoin is good for investment but the market is not stable now
wait some time for investment. Many people are crazy about investing in bitcoin but many countries are not making bitcoin legal in their country.
In India, Many Bollywood actors are holding huge money of bitcoins Like Amithab Bachan and much more but Indian Government is only taking action only on common man and middle-class peoples. its so worst action taking by Government in India. Many Bitcoin exchanges are shutting down. Many peoples hope that bitcoin will be legal in India.It will so worst in India in future. 
I only recommend everyone to Invest in cryptocurrency  because 
cryptocurrency will not give loss If any coin was dumped don't worry it will pump in future because cryptocurrency will never die.
Thank you @bycompoundfilms 
Your Follower @akshaymukadam.

I believe everyone who believes in Bitcoin has patience,, So If I put now a big amount of my heard earned money and collapse when the prices go down then I dont believe in BTC. but I f convince myself that the chances of BTC to doulble 5 times or more,, then I will wait for it and for sure It will happen,, because everyone wants it and wants to have some of it.. someday we will look at $100k per coin and It will look cheaper, then we will see more and more probably $1 million for 1 BTC, and this could be very clear in the near future.
She did a big mistake actually putting everything in one basket at once.

Rightly posited that biggies are not made overnight; however, the crypto-euphoria enthralls newbies in the field to such an extent that it becomes irresistible for them to venture forth ahead of even those who are already washing their murky hands in it. The ill-founded and vested propogation on social media pages, especially FB, ushers promising turn of fortunr overnight but never lets them know that they should risk only what “they can afford to lose”. Success stories are there, yet the time had long passed. Now its a game of responsibility, percision, and most of all, unnerving extravaganza which, at times, takes it toll too. 
Great spontaneous read it has been! Keep up

# It's a tragic tale..

--

Had it been back around 400$/each.. I'd tell every single mom around to have invested their entire child's college fund and HODL for 6-8 months.. they'd be set..

You're right though, something **pivotal** that people aren't getting about it, is the **VOLATILITY** of it and the fact that there's more to it than just investing.. You have to consider things, like you said, how foreign (if you live in the U.S.) markets are going to affect the price and what the restrictions are going to be.

Ultimately.. I believe any country that tries to outlaw bitcoin and crypto is going to create a **BLACK MARKET** for it.. actually **INCREASING** it's value... but this is only speculation based on.. idk.... CENTURIES of attempts at prohibition? Current day observation of how easy it is to get drugs of any type in any place? Yea.. Crypto is only going to go up regardless.. but for a while, the masses of sheep who had their eyes opened to this form of freedom.. will start to get fed up with their governments..

Crypto is going to cause one of two things...

1. Crypto revolution.
2. Actual revolution.

It was designed for nothing less.

Keep that in mind. :)

It is the end to FIAT, ultimately.
Governments are **OF COURSE** going to **TRY** to do what they can to stop it.. but **NO ONE** likes being a slave.. (roleplay doesn't count buddy, sorry! ;) )

It's just a matter of time, but in the "short" run (1mo-1 or 2 years) there's a lot of potential to **LOSE** a lot due to human nature of panic and sell to "cut losses" and then it goes back up, so they buy back in thinking "it's going to rocket!" then, dips again.. fear sell.. and you've already lost 20% of what you had...
Definitely not a good time for people who have no idea what the fuck they're getting into to be investing. At all.

Climate is too dangerous for inexperience.

Great post, keep up the work. We need the word spread to all newbies, **ESPECIALLY** single mothers... that if you don't know what you're getting into.. don't invest.. don't risk it.. you'll get scared and lose money.

not everyone understand how it works they are just inspired by the way its been explain to them with the basics they will not take their time to read and understand its terms..pray for her to be wiser and be careful

Maybe you could put it across the same way as I do to my friends that have no idea how it works, I just say find out the transaction times and fees, when they do find out the fees, and realise sites take a % just to take their own money out and put it into their own nano wallet, and then when you want to use it say on here via market, and you have a $40 fee, plus waiting time, they soon back off the idea, just a thought my friend.

Fast money opportunity are almost always roulette. Where there is great chances, there is almost always great risk - at least in the sort term. Great potential with relatively low risk is possible only for long term holders. And the best is to average your entry price by regularly investing an equal amount. If prices are high, you will buy little, if prices go down, you will buy  lot.

With the way the economy is people see crypto especially bitcoin as a way to make money. What they don't understand that they somewhat missed the train, well at least for short term gains.  IMO bitcoin is for long term gains with a better opportunity than the stock market. I think instead of encouraging her not to invest, encourage her to invest into solid altcoins. Altcoins with the potential to boom and have a better return on her investment.  Put 30% percent of her investment in Bitcoin and the rest in alts. The market will recover and contrary to better judgement this is a good entry point.

This should be read by everyone getting into crypto. Never put all your apples in one basket and hope to get rich quick, no matter how tempting it is. Good on you being a great friend and looking out for her!

Jheeze its a harsh reality check when people are going in to this as "fast money" this for the long term hold. 

#REVOLUTION

There's one thing you should ram down the throats of newbies in the cryptocurrency investment space:

ONLY INVEST WHAT YOU CAN AFFORD TO LOSE

So many of these investments are fundamentally worth $0 and highly volatile so you can easily lose everything!  People with no knowledge of what they are investing are really doing the equivalent of throwing their savings on the table in Vegas.

This would upset me as well. Never invest money you can't afford to lose in speculative style things like bitcoin, although it has done well and has a fair chance for a bright future, it has a fair chance to turn into nothing as well. If you can't afford either outcome then this asset isn't right for you. especially at these prices the risk verse rewards has greatly changed from a year ago, even a month or two ago.

This is very sad to hear! Bitcoin is not moving like it did if you had gotten in early 2017. I have been digging away at it since November and there is a lot to learn in order to make investments that may or may not pay off. 
I really hope she does her homework before diving right in. I myself had money invested in Bitconnect and I'm out $500 because I took a risk and lost. To most people that is not a lot of money, but to her I'm sure that would be a lot. I wish her all the best. I think this blog needs to be shared so I will be retweeting it.

Great post!! I just finished writing a post about the Bitcoin bubble, you might enjoy it. Check it out if you get the opportunity.

https://steemit.com/cryptocurrency/@cool-mike/my-analysis-is-there-a-bitcoin-bubble

Great content. Just followed you