Topic: I spent all my saving on bitcoin, now i am broke (Read 25390 times)
Wow. Just, wow. There's certainly nothing wrong with investing into bitcoin, but your entire live savings? BTC is too volatile and I would not recommend that to anyone. I'm sure you've heard the expression to never invest more than you can afford to lose. I personally wouldn't have dumped every bit of my savings into a volatile investment like that, but to each his own.
I'm thinking also to buy 2 bitcoins and buried them under his house in a capsule. In 20 years I'll get them, or when the rate will shoot up 2 times
It is a good example for everyone.
It is a promising market but never invest everything into one thing.
It is a promising market but never invest everything into one thing.
well i have good news or bad news, this week i took out all my saving from my bank 3500 and bought some bitcoin
i now have a total of 6 bitcoins,
last night i bought 5 usb sticks and 2 waterproof boxes, i put the box inside of the other box then the 5 usb sticks in the middle of the box, afterwards i went into my backyard and dug a hole underneath the bird fountain,
i dug the hole almost 3 feet under. Then i buried it back and placed the bird fountain back.
The bird fountain has been in the same spot for many years so i am not worried about forgetting where i buried it, and grass doesn't grow underneath it.
so there we have it, I buried a total of 5 bitcoins, i plan to keep it there for 20 years. The 5 bitcoins cost me about 2300USD
The 6th bitcoin i keep it on my cellphone and i plan to spend it online,
Now i only have 100 dollars left in my bank, i am basically broke, my whole saving gone!
Was this a bad idea? after i buried it i was starting to feel like it was a bad idea,
i also did not put a hard password on it because i thought i would forget
but i wasn't planning on using my saving for anything, and the bank doesn't give me any interest for it,
i've never invested in anything , possibly because i don't have much money
anyways.. it's just money.. i'll save some more
i figure in the future, it might be way too expensive to own even 1 bitcoin,
i am now a proud owner of 5 bitcoins
this is my bitcoin story,
here are some pictures of the box and bird fountain, its not the exact ones that i own but similar
http://i68.tinypic.com/24b6m3m.jpg
http://i65.tinypic.com/10mvech.jpg
i now have a total of 6 bitcoins,
last night i bought 5 usb sticks and 2 waterproof boxes, i put the box inside of the other box then the 5 usb sticks in the middle of the box, afterwards i went into my backyard and dug a hole underneath the bird fountain,
i dug the hole almost 3 feet under. Then i buried it back and placed the bird fountain back.
The bird fountain has been in the same spot for many years so i am not worried about forgetting where i buried it, and grass doesn't grow underneath it.
so there we have it, I buried a total of 5 bitcoins, i plan to keep it there for 20 years. The 5 bitcoins cost me about 2300USD
The 6th bitcoin i keep it on my cellphone and i plan to spend it online,
Now i only have 100 dollars left in my bank, i am basically broke, my whole saving gone!
Was this a bad idea? after i buried it i was starting to feel like it was a bad idea,
i also did not put a hard password on it because i thought i would forget
but i wasn't planning on using my saving for anything, and the bank doesn't give me any interest for it,
i've never invested in anything , possibly because i don't have much money
anyways.. it's just money.. i'll save some more
i figure in the future, it might be way too expensive to own even 1 bitcoin,
i am now a proud owner of 5 bitcoins
this is my bitcoin story,
here are some pictures of the box and bird fountain, its not the exact ones that i own but similar
http://i68.tinypic.com/24b6m3m.jpg
http://i65.tinypic.com/10mvech.jpg
Same thing happened to me but i did not invest in Bitcoin any way my advice is be patient in the future you will get good profits
Bitcoins are not be spent at once, they are to be spent judiciously, if you spend all your bitcoin at a time you left with chances of being broke. Just as it is in your physical cash when you spend all your savings you become broke. So, to avoid to be broke you must not spend all your bitcoin at a time.
You ,might suffer as you must have thought about it before doing it.
The safe place of your keys is something that everyone knows now.
That is not the pleasant aspect to do you have to in no way spend all your cash on one aspect because now you may have to rely on Bitcoin. i'm certain that you're going to earn that money returned but you may never recognise what the destiny of Bitcoin is looking like.
we can help you lifting the fountain. if you can do it yourself, you are in huge profits.
Use the USB and not papers and be smart about this thing
Why did you invest all your life savings in the first place? Invest what you can afford to loose.
You take a very risk chance hope it will grow with time.
i dont think that an awful lot of work changed into neededi dont think that a lot of labor changed into neededthere are nevertheless some chances that the ones usb sticks can be harm in path of time due to the fact desasters dont come by means of saying. think an earthquick hit your hen fountain and your bag became crused on that groundi dont suppose that an awful lot of labor was neededi dont suppose that a good deal of work became neededthere are nevertheless a few possibilities that those usb sticks can be damage in route of time due to the fact desasters dont come by way of announcing. think an earthquick hit your hen fountain and your bag become crused on that ground
by using the way correct good fortune along with your investment
by using the way correct good fortune along with your investment
At first I thought you got in to the market at ATH but it seems that everything is fine with your coins, or you cannot lift the fountain anymore?
I don't think you have lost your savings in bitcoin, If you want you could withdraw it in less than 10 minutes so just consider yourself to be investing it in a project or so, The price is volatile but there is a possibility for profit as well.
Might be a good investment. Predictions go as high as $1,800 for 1 bitcoin for this year's big pump they say
you could not be broke this time if you sell it now because your in a profit for sure or if you know that your going broke the tendency is your mind is thinking how to cope up with the situation.
Spending will be not the best thing that you can do and that is because the value of Bitcoin is rising slowly so that is perfect for people who are holding their Bitcoin.
This is one of the most original ideas i've seem here in the forum. It's like a future capsule (like many people did in 1999). Very cool bro... Hope you don't forget it when you move from this home. Let's hope for a appreciation of BTC based in the diff (what seems pretty logical) in long run.
I enjoyed reading your story. I thought you lose your bitcoin because the usb sticks you put under the bird fountain gone wet. Grin
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