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Topic: I spent all my saving on bitcoin, now i am broke - page 15. (Read 25467 times)

legendary
Activity: 1372
Merit: 1008
Bitcoins is just like an investment,  We are not obligue to put all our savings into Bitcoins.
better for us to be wise. Cheesy
Yes obviously it is an investment like you do in gold. But of course more profitable then gold Smiley and all you need is patience while holding your coins or it can lead you to regret when price goes very high but you have already sold them all Wink. No problem, just buy back when you get a better price.
yeah i agree you just need to be patient when you buy bitcoin and then the price drops. You must be patient and wait for prices to rise. believe that bitcoin prices will definitely go up and down. That is cycle of bitcoin dude. actually you're not going to lose if you want to be patient. but I do not suggest to use all the money to invest

hero member
Activity: 840
Merit: 501
Strength in Numbers
if no one know the place you buried your USB what will be happen if something bad happen to you ? IMO that is very risky to do because if no one can't find it then it will be gone if something bad happen to you   

Yeah that's true, your collected bitcoins will be just wasted if you are going to hide it and you can't remember it anymore if where did you put it.
But still, don't lose hope op, it is fine that you have spent all your savings even though I know the feeling of it.
There's always a door of opportunities that are going to knock.
sr. member
Activity: 504
Merit: 250
[Truncated]
Its a bad idea that you invest your all of your money to bitcoin. Save money for your self in your personal needs
He says he still has about $100 in his bank account. I think he'll be okay with college-student level budgeting. He just gotta survive until the next payday.
member
Activity: 94
Merit: 10
Always Unlucky :P
better it but be aware from gambling . if u play your 6 BTC with gambling u surely bust before or after.so don't do it and don't be broke also here.. be go safe u can earn good with trade... !
hero member
Activity: 630
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







Its a bad idea that you invest your all of your money to bitcoin. Save money for your self in your personal needs
legendary
Activity: 1022
Merit: 1043
αLPʜα αɴd ΩMeGa
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








In the Future I will searching in all Bird Fountains on my Way...  Tongue Tongue Tongue
hero member
Activity: 1932
Merit: 504
if no one know the place you buried your USB what will be happen if something bad happen to you ? IMO that is very risky to do because if no one can't find it then it will be gone if something bad happen to you   
hero member
Activity: 658
Merit: 500
you should put how much you can afford to lose without affecting your life at all.  Grin
Yeah agree innvest with amount that corresponds to what you've got dude. do not invest too much if you can not afford to lose. I do not blame you for using all your money to buy bitcoin. but before investing you should have a plan. so when you have a plan you will definitely not be too stupid to use all your money


sr. member
Activity: 364
Merit: 250
It is bad if you are greedy in Bitcoin because it can be bad if you are making mistakes with Bitcoin so you can lose also a lot of money if you selling it too early.
Wait for the right moment to sell it and you can make huge profit if the price rise for a long time.
sr. member
Activity: 420
Merit: 250
you should put how much you can afford to lose without affecting your life at all.  Grin
yeah it looks like this system will be very applicable. you should be able to allocate funds according to your budget. Do not use all your money to invest because it would be too risky
sr. member
Activity: 476
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







You got guts by spending all of your savings on those Bitcoins, I would have not been able to do that. If that was me I would have only spend halve of my money on Bitcoins.
I do not think that you usb will get destroyed you have protected it well, the only thing I can think of is that your usb might be corrupted after such a long time underground.
sr. member
Activity: 504
Merit: 250
you should put them somewhere else.
That's exactly what I just said.
full member
Activity: 161
Merit: 100
you should put them somewhere else.
sr. member
Activity: 504
Merit: 250
No no no no! Using USB sticks is a bad idea!

First off, even if you had them in a waterproof case, it will still rust if you did not put any form of humidity control (desiccant, etc.) You can't really be sure how waterproof that waterproof casing is!
Second, flash memory theoretically degrades after a few years on standby. There's a good chance your flash drives will get corrupted if you store it there for a very long time (about a decade or two).

Go get them!
I would recommend creating a QR code of your private key(s) and having it engraved on a piece of aluminum or something else that doesn't rust (plastic for example). Or simply have the text itself engraved, or both.
You can even get a deterministic wallet and have the seed words engraved.

Paper would have issues with moisture even if it's laminated, so just don't use paper.
copper member
Activity: 1050
Merit: 500
Pretty much a nice story.  So your putting all your faith in those 5 BTC.  I wish you all luck  and i hope it will multiply 100x in value!.  Anyway, you being broke is just temporary, Payday is near and so your savings will replenish. 
legendary
Activity: 1204
Merit: 1028
Bitcoins is just like an investment,  We are not obligue to put all our savings into Bitcoins.
better for us to be wise. Cheesy
Yes obviously it is an investment like you do in gold. But of course more profitable then gold Smiley and all you need is patience while holding your coins or it can lead you to regret when price goes very high but you have already sold them all Wink. No problem, just buy back when you get a better price.
full member
Activity: 238
Merit: 100
Bitcoins is just like an investment,  We are not obligue to put all our savings into Bitcoins.
better for us to be wise. Cheesy
As the price can not be predicted anytime, it is good to try investing a little from the savings. Once the price is stable and much confident on the growth, invest bit more than full. As it fully depends upon the timings, It is good to get profits from little investment than more. Before investing full amount on a business, it is really needed to discuss with the experts in that particular business.
full member
Activity: 210
Merit: 100
Why is it that the signature campaigners don't really get Bitcoin? They're just here to make some bitcoin so they can sell it for fiat I guess.

Enjoy your fiat. Worship your government. Go into debt. Buy as big of a house and car as you can afford.

 Roll Eyes

Why sell it for Fiat. When the time comes... You won't have to.

Roll Eyes
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Why is it that the signature campaigners don't really get Bitcoin? They're just here to make some bitcoin so they can sell it for fiat I guess.

Enjoy your fiat. Worship your government. Go into debt. Buy as big of a house and car as you can afford.

 Roll Eyes
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Did OP already withdrew a portion of those bitcoins buried?

If I were him I'd sell a bit for myself now that the price is at a high.
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