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Topic: I spent all my saving on bitcoin, now i am broke - page 10. (Read 25447 times)

legendary
Activity: 854
Merit: 1000
If you still holding your coins and have not already spent it or even worse invested in some ponzi,you should have made a good profit with all your bought bitcoin
hero member
Activity: 1022
Merit: 500
I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.

Exactly not sure if serious or not but yeah that sucks man, next time dont put your whole networth into the bitcoin cause anything can happen.
You can start up again and try to get a bigger pocket by trading, its risky etc but you dont have much to lose anymore.

That's right! Its an act of stupidity if you invest all of your money into it. Well I think better for you to take it as a charge of experience and learn a lesson man!
hero member
Activity: 1022
Merit: 500
All I can say is good luck with the investment. I also think that the Bitcoin price will rise in the future so I myself believe this was a good thing on your side. But there is a chance that the Bitcoin price will drop and you've just wasted all of your savings on nothing. Good luck anyway man.

Indeed, this is most often happened in the community in bitcoin world. It is also given that in the near future bitcoin will really increase the price value, like majority of the individuals here all of them are holding and keeping their coins.
newbie
Activity: 52
Merit: 0
I would have never done this at the first place because of the fact that you always need some extra money to be sure you are good with monthly payments or something accidental.
You should now just wait and cash out on the right moment to make some profit but you also should not wait too long.
legendary
Activity: 1792
Merit: 1283
I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.
Because some website are offering some good pay backs where they can easily grow your money in month or weeks depends on what you offer you choose on their website sometimes people are too greed of wealth where they don't think the risk they facing of to be honest trading is much more better than investing Smiley
What? He wasn't even talking about investing those Bitcoins and you're giving out bad advice, it's not easy to grow your Bitcoins and it's also not safe.
Sure, you can trade, but that's always with risks.
sr. member
Activity: 336
Merit: 250
You made a stupid decision by doing this but maybe if you have some luck you still will make some good profit if you stay holding it of course.
I think there is a good chance you still make some nice profits.
hero member
Activity: 756
Merit: 500
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.
sr. member
Activity: 406
Merit: 250
I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.

Exactly not sure if serious or not but yeah that sucks man, next time dont put your whole networth into the bitcoin cause anything can happen.
You can start up again and try to get a bigger pocket by trading, its risky etc but you dont have much to lose anymore.
hero member
Activity: 1372
Merit: 503
I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.
Because some website are offering some good pay backs where they can easily grow your money in month or weeks depends on what you offer you choose on their website sometimes people are too greed of wealth where they don't think the risk they facing of to be honest trading is much more better than investing Smiley
hero member
Activity: 3024
Merit: 745
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Its not so smart to invest all your money you are having into the bitcoin, its stays a investment and it can go down if the bitcoin does not has a good period.
You can better in my eyes invest around the 20% of your savings but not more than that.. its too risky.

Well if you are going to invest all your money to bitcoins that is going to be risky at all and somehow if you are going to do it without having some plans and goals for sure you are going to be end up like broke. But if you know what you are doing and you are sticking with it then for sure you are going to have good profit out of it.
sr. member
Activity: 336
Merit: 250
I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.
sr. member
Activity: 244
Merit: 250
Its not so smart to invest all your money you are having into the bitcoin, its stays a investment and it can go down if the bitcoin does not has a good period.
You can better in my eyes invest around the 20% of your savings but not more than that.. its too risky.
hero member
Activity: 966
Merit: 515
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It's good to invest in btc. You could get 2 to 5 times profit if you could use the bitcoin in systematic way. Like in trading, or though mining in coince.
You should be really clever to make extra money with bitcoin.

Instead of buying something you should use bitcoin to earn extra money. You could buy with your paper currency
jr. member
Activity: 43
Merit: 7
With the advent of Pokemon Go (and its parent company Google) all we have to do is wait a while and feed the image of your birdbath into Google's search engine and it'll tell us where you are - exact GPS coordinates.

Someone's already taken an archive snap shot of your birdbath http://archive.is/https://bitcointalk.org/index.php?topic=1465634.0 so it looks like the wait is on...

5 BitCoins are now worth $ 3,134 so you haven't really lost anything yet.
hero member
Activity: 756
Merit: 501
For me it was a bad idea if you save almost all backups private keys or any important to save in usb..
Honestly if you didnt use the usb it can be destroy by itself.. just like in my 10 usb stick that i didnt use for almost a year and 3 of them are can still use but the 7 usb stick are corrupted or it can not use anymore. .
Well the op has been warned about that issue, soo he should act accordingly those warnings. I dont feel safety making anything near or similiar op, my coins are stored into some online wallet, as well some exchange, i doubt i would risk loose my investment this way.
hero member
Activity: 1456
Merit: 624
Maintain Social Distance, Stay safe.
For me it was a bad idea if you save almost all backups private keys or any important to save in usb..
Honestly if you didnt use the usb it can be destroy by itself.. just like in my 10 usb stick that i didnt use for almost a year and 3 of them are can still use but the 7 usb stick are corrupted or it can not use anymore. .
legendary
Activity: 2058
Merit: 1030
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yeah bitcoin is still really new in my opinion and i think it is going to grow a lot in the near future, i hope i will have a lot of money out of bitcoins

Bitcoin is money.

i can't agree more with you about the fact that bitcoin is indeed money, but that's not the case for a lot people here. they only start to see money as soon as they cash out their coins. these people treat bitcoin only as a tool that allows them to earn money, and that's it.

Those people who do not have much knowledge about the uses of bitcoin will not consider it as money while those who know much about it really consider it as money, as they are able to buy any thing with bitcoin they want to buy online with money, there are some sites which will buy thing s for you from different sites with your bitcoin and with debit card it becomes fact that bitcoin is money.
Yeah for now they didn't know more about bitcoin but i think in few years we will see the importance of bitcoin and benefits they can get in bitcoin..
Also i saw some sites right now almost site that i know for publisher they are now paying for bitcoins.
So more online store will accept bitcoin as payment.
newbie
Activity: 28
Merit: 0
Now you should buy a gun and wait for your BTC hunters from this forum ) PROTECT THE FOUNTAIN )
hero member
Activity: 798
Merit: 500
yeah bitcoin is still really new in my opinion and i think it is going to grow a lot in the near future, i hope i will have a lot of money out of bitcoins

Bitcoin is money.

i can't agree more with you about the fact that bitcoin is indeed money, but that's not the case for a lot people here. they only start to see money as soon as they cash out their coins. these people treat bitcoin only as a tool that allows them to earn money, and that's it.

Those people who do not have much knowledge about the uses of bitcoin will not consider it as money while those who know much about it really consider it as money, as they are able to buy any thing with bitcoin they want to buy online with money, there are some sites which will buy thing s for you from different sites with your bitcoin and with debit card it becomes fact that bitcoin is money.
hero member
Activity: 1148
Merit: 504
I think its not wise to spend all your saving to buy bitcoin, eventhough bitcoin is a promising investment but its not a certain things, i think its best if you only invest 30% of your saving, not your entire saving, and to make it worse you posted the picture where you keep your coin

why not? as he explained it it is only money and he can and will make more in the future. if he is certain that bitcoin is the way to go, then why not. so far he is right price is 25% up since he bought, even with the latest dumps. as fare as the picture goes i do not think it is a big deal and we even do not know if it is true. could be a good deception.

It is still not wise to put all your money on a single investment. It is best to diversify it. If things got worse then he lost all his money. That money is  hard to earn back even if you have a good job. If you have a few investments, if one fail the others will cover the loss.

Well maybe op just thinking that if he is going to do that the profit is going to be big. But that is really not a good thing that he is going to spend all of his savings. That is why we are saving so that we are going to have assurance for our future and we can get something if there is an unexpected crisis is going to happen with us.

Even if the expected profit is large, it is still uncertain. No one can say can tell what bitcoin will become except time. Going all in is a bad move (in my opinion). Maybe 50% of his savings was enough, that is still a large amount if it doubles or triples.
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