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Topic: I spent all my saving on bitcoin, now i am broke - page 12. (Read 25417 times)

newbie
Activity: 7
Merit: 0
默默的笑一下!
sr. member
Activity: 280
Merit: 253
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.
sr. member
Activity: 266
Merit: 250
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. Smiley
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.

Partly because Bitcoins is the easiest to be manipulated of the lot...
hero member
Activity: 840
Merit: 501
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
newbie
Activity: 1
Merit: 0
Along your condolences
sr. member
Activity: 672
Merit: 250
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.
sr. member
Activity: 444
Merit: 250
Investing your savings into bitcoin is not actually a bad idea but i'm not sure if the way you have kept them is a good idea or not..
Maybe you should not have buried them and kept them somewhere else which you consider safe in your house..
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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. Smiley
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.
thats true, in my opinion the improvements are going to be done to bitcoins all the time and i doubt that anything will change
legendary
Activity: 1232
Merit: 1030
give me your cryptos
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. Smiley
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.
sr. member
Activity: 266
Merit: 250
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. Smiley
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.
full member
Activity: 140
Merit: 100
What if after 5 years bitcoin is worth $0.001?
sr. member
Activity: 441
Merit: 278
It's personal
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. Smiley
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.


hero member
Activity: 994
Merit: 502
I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck Smiley
It's not to late bro to start all over again since btc price is on stable state. Just save btc as much as you can and for sure it would benefit you someday. Never ever to invest your btc on hyips and don't play gambling coz both this things would make your btc fly away. Better to hold than to risk it on hyips.
We should always be conscious in saving our money. If you are interested in investments you can do it, just start investing with very little amount so that it won't hurt you more if you afford to lose. Savings should always be savings.
legendary
Activity: 3122
Merit: 1140
I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck Smiley
It's not to late bro to start all over again since btc price is on stable state. Just save btc as much as you can and for sure it would benefit you someday. Never ever to invest your btc on hyips and don't play gambling coz both this things would make your btc fly away. Better to hold than to risk it on hyips.
hero member
Activity: 616
Merit: 500
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







That is pretty bad for you if you have spend all of your savings on Bitcoin, you should not have done that because you will have to have money on the side.
There can always happen something were you going to need the money.
full member
Activity: 224
Merit: 100
I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck Smiley
sr. member
Activity: 294
Merit: 250
I will wait for high prices and I would take it out and sell 50 % of it to make my initial investment back . I would buy a safe deposit box at the bank
and keep a copy of the coins at the second location .

an other environmental disasters may expel the time capsule belongs to you and you may need to have a backup plan to reimburse them
when it happens
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

The halving happened already the previous week, the price till now not going up, but may be it will rise after few weeks.
yeah i think we just need to have a lot of patience right now and we will see a bigger growth pretty soon i hope it will allow me to make huge profit really easily
Yeah i think patience is the key of the success in every way, now what i do is keep bitcoin at my wallet to expected can sell at the high price.
Lol patient is not the key to success for all methods. my friend is a patient man you know but he is not a hard worker and he was always
patient to wait for work calls. but he did not ever received a call that? Lol patient is as a supplement. not as a key to your success




^^ you got it pal. Patience is not always a key to success as he compared to the situation that he stated.  Patience is only a supplement. We cant rely too much out of it if we dont make any effor or actions into it. There are advantages and disadvantages   things could happen if patience been used.
legendary
Activity: 1372
Merit: 1008
That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

The halving happened already the previous week, the price till now not going up, but may be it will rise after few weeks.
yeah i think we just need to have a lot of patience right now and we will see a bigger growth pretty soon i hope it will allow me to make huge profit really easily
Yeah i think patience is the key of the success in every way, now what i do is keep bitcoin at my wallet to expected can sell at the high price.
Lol patient is not the key to success for all methods. my friend is a patient man you know but he is not a hard worker and he was always
patient to wait for work calls. but he did not ever received a call that? Lol patient is as a supplement. not as a key to your success


sr. member
Activity: 462
Merit: 250
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







That is pretty bad that you are broke at the moment you always nee to have money left for other things you should not spend everything on Bitcoin.
I hope that you can sell some coins right now to make some money back.
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