I spent all my saving on bitcoin, now i am broke - page 11.

crairezx20

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Quote from: tabas on September 08, 2016, 11:55:45 AM

Quote from: bamboylee on September 08, 2016, 09:14:36 AM

Quote from: Senor.Bla on August 27, 2016, 02:22:34 AM

Quote from: machinek20 on August 27, 2016, 02:04:23 AM

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.

Yeah right if you are doing savings don't spend if its not important unless if you use your savings for your own business that you know that you can make more profit than saving your bitcoins.. this is wise way to make you increase the amount of your bitcoins.

tabas

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Quote from: bamboylee on September 08, 2016, 09:14:36 AM

Quote from: Senor.Bla on August 27, 2016, 02:22:34 AM

Quote from: machinek20 on August 27, 2016, 02:04:23 AM

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.

bitdumper

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One world One currency, Bitcoin.

Well it looks good that you have worked so much on it.but it is very very unsecure place bit yes it have very very less possibilty that any can guess about that place except some gold finding machine

Doamader

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Considering his plans since he dont wanna to pick the bitcoins and just exchange them, currently he is with 800 dollars of profit, as the op said the 6 bitcoin he would be spending online, this history is something great to keep follow over the years, as long the op doesnt pick the coins and sell them, but even doing that, people may read later what some crazy people done with their bitcoins and the sucess they achieve.

bitbunnny

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How can you be broke if you have 5 Bitcoins? Maybe that's not fiat money but still it's value you can easily use. Consider this as an investmnent, a good one. If something urgent happens you can always turn this Bitcoins into money but try not to do this. Just keep them and wait.

Daniel91

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Well, this was very interesting to read.
I think that you reacted to emotionally.
There is no such thing as ''get rich over night''.
You should look in bitcoin as long term investment and don't expect to fast results.
Do you remember that value ogf bitcoin was less than 1 $ in the beginning?
Can you compare it with today's value of BTC?
So, please don't loose hope in bitcoin and more importantly, don't forget passwords for this 5 Bitcoin

You will need it very soon

fravia

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Quote from: Decoded on August 25, 2016, 10:14:19 PM

Quote from: sbtctalk on August 25, 2016, 10:08:37 PM

Quote from: dippididodaday on July 26, 2016, 01:20:28 AM

Quote from: takingthis4 on July 19, 2016, 01:48:08 PM

Quote from: bravehearth0319 on July 19, 2016, 01:23:34 PM

Spending all your money in bitcoins was a goos idea but there is a big risk of it. Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot.

Because bitcoin is fairly new and has new improvements and developments in the community every month. Bluechips? No. ETFs.

bitcoin is definitely still new and it is going to grow in the future, in my opinion its price is going to be going up soon

bamboylee

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Quote from: Senor.Bla on August 27, 2016, 02:22:34 AM

Quote from: machinek20 on August 27, 2016, 02:04:23 AM

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.

randy8777

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Quote from: Elwar on September 08, 2016, 08:10:39 AM

Quote from: coin_gambler on September 08, 2016, 08:07:06 AM

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.

Elwar

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Quote from: coin_gambler on September 08, 2016, 08:07:06 AM

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.

coin_gambler

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Quote from: Decoded on August 25, 2016, 10:14:19 PM

Quote from: sbtctalk on August 25, 2016, 10:08:37 PM

Quote from: dippididodaday on July 26, 2016, 01:20:28 AM

Quote from: takingthis4 on July 19, 2016, 01:48:08 PM

Quote from: bravehearth0319 on July 19, 2016, 01:23:34 PM

Spending all your money in bitcoins was a goos idea but there is a big risk of it. Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot.

Because bitcoin is fairly new and has new improvements and developments in the community every month. Bluechips? No. ETFs.

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

Elwar

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23 pages of people saying the exact same thing.

Another quality thread.

calkob

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1st off great job in my opinion you will not be dissapointed with the outcome in 20 years..... Grin

just a few pints to consider

1: have you backed the privkeys up in multiple places and not just under the bird fountain? like has been said what if the usb does not work. i would def have paper wallets somewhere safe Data corruption on usb's is not that long and is def shorter than 20 years.

2: have you told your nearest and dearest where your keys are? what if something happens to you? you would want your family to get your bitcoin if they were worth a fortune.

3: if you have told your family, how sure are you that they wont tell someone else where the keys are (maybe not realising the importance of it) ? or even worse steal them for themselves (you would be surprised what family would do)

4: And finally had you considered using a wallet with a seed that can be recovered instead of usb which cant.

FLoving

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If you have access to your five bitcoins then what is to worry , you can get it whenever you want it, but it is also sure that you will be surprized with a bigger profit after 20 years as it is sure that after 20 years the bitcoin will be flourished all over the world and theprice will be increased much higher.

useless4

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Quote from: Mastsetad on August 27, 2016, 01:52:35 AM

Your savings are not gone nor you are broke, lol.
You have invested your savings into bitcoin which might grow after sometime and that does not mean they are gone.
Well i don't know if the way you have saved them can be a good idea or not, but investment in bitcoin is not bad at all so don't worry about that.

well he might be broke for now and if that happened for me it would be terrible to be honest, thats why i invest only the money i can afford to lose

ekoice

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I appreciate your confidence on future of bitcoin brother.But my idea is better to know about trading and invest some bitcoins in it.Ayway Good Luck

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Quote from: drwtsn32 on September 07, 2016, 10:53:12 AM

It is never been too late. The time you are spending mourning about your lost bitcoins, use it to begin gaining them back instead.
While doing that, it is good to contemplate about your mistake.

You can recover your loses but in not the same way better to find i good way that you know you can recover it fast..
Recover and gaining it back is to spend your savings again but in safeway.
Like start your blogging advertise just spend there even just for domain in namecheap.. $1 usd is enough to start blogging your own.. that you can advertise or montize your site to earn your site..
This is what i do right now so far it is good investment and i learn more while i am trying to increase more visitors in my site via seo..

OROBTC

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...

Well, I understand it's a little too late to offer advice, but no one should spend all their savings on any one investment!

Diversification is the safest way to guard your savings and perhaps grow them.

Bitcoin can be a part of saving, in most cases should not be above 1% of your (net) wealth, unless you are VERY confident...

Other investments include (physical) gold, real estate, blue chips & other stocks, CA$H, etc.

drwtsn32

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It is never been too late. The time you are spending mourning about your lost bitcoins, use it to begin gaining them back instead.
While doing that, it is good to contemplate about your mistake.

phreaky

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Quote from: --Encrypted-- on May 08, 2016, 02:36:48 PM

better hope that none of the users here live near your house and recognize the fountain. you basically just announced where you hid your private keys to everyone.

It is not a good idea to spent all of your savings on Bitcoin, when you invest in something make sure that you are able to spend that money.
If that is the only money that you have it is better to not invest it.

Topic: I spent all my saving on bitcoin, now i am broke - page 11. (Read 25442 times)