I spent all my saving on bitcoin, now i am broke - page 20.

bitlancr

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Quote from: HarryKPeters on June 01, 2016, 10:54:34 AM

You are maybe broke at this very moment but if the halving will be good and it will gain more trust globally this year you will earn a lot of profit this year without any doubts.

I'm thinking exactly the same thing its just a matter of time before you will gain bitcoins with profit again and have some good money.
You just have to stay believe in it.

HarryKPeters

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You are maybe broke at this very moment but if the halving will be good and it will gain more trust globally this year you will earn a lot of profit this year without any doubts.

Labumi

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Quote from: MaritiJames3 on June 01, 2016, 03:30:31 AM

That should not feel good at all, losing all your saving like that. You only should have used the halve of your savings for Bitcoin. Now you are going to have to rely on the Bitcoin price to be high in the future.

I think, if he has a good strategy in the trade it is not influential to his life, in contrast to those who simply just wait without doing a sales strategy it can be bad in his life because he already does not have funds for the continuity of life

justdimin

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Quote from: MaritiJames3 on June 01, 2016, 03:30:31 AM

That should not feel good at all, losing all your saving like that. You only should have used the halve of your savings for Bitcoin. Now you are going to have to rely on the Bitcoin price to be high in the future.

But I guess there is no need to worry about any losses as per currently rising bitcoin prices. In bitcoin history, all the investors who are ready to wait calmly, turned into happy investors along with bitcoin price appreciations.
OP also will turn to happy investor very soon due to halving.

sbtctalk

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Did OP dig up all his coins yet?

quintiilieo

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Do not spent a lot of amount just what you can afford to loose. If you are on gambling then you are gonna be broke lately put some bitcoin and for your daily use. its about self control and self discipline where you can earn bitcoin think wise on it. Because as of now you cant eat food with bitcoin. So always be careful what you up to. Shocked

MaritiJames3

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That should not feel good at all, losing all your saving like that. You only should have used the halve of your savings for Bitcoin. Now you are going to have to rely on the Bitcoin price to be high in the future.

saiha

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Strength in Numbers

Quote from: Duomo on May 31, 2016, 09:17:22 PM

Coming from a Finance Perspective, you are foolish. You should of diversified your portfolio. You just invested all your saving money in Bitcoins, you should of invested in a few things such as Gold,Silver,Palladium. Also various stocks and bonds.

You are right he can also invest in other investment such as precious metals , stones , stocks and bonds. Investing all your money in bitcoin
is a bit risky. But if that satisfy you, then it is fine accept the risk, but possibility of gaining and lose is always there.

HarryKPeters

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Quote from: Akupuniard on May 30, 2016, 03:06:10 PM

People doing mistakes, that's life but you can really hope on halving to make your money againe, it's really good chanse for you to fix yourself Grin

I'm also thinking about this, if you just wait on the halving will some patience you will mostly get your money with some profit back.
Of course the upcoming months this will be hard but I think its worth it and that its just a matter of time.

Duomo

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☃

Coming from a Finance Perspective, you are foolish. You should of diversified your portfolio. You just invested all your saving money in Bitcoins, you should of invested in a few things such as Gold,Silver,Palladium. Also various stocks and bonds.

DeDordtenaar

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Quote from: Evintiman on May 29, 2016, 11:12:58 AM

Quote from: bitdumper on May 28, 2016, 05:11:09 AM

I think you got your intrest on saving more than bank you bought at 460 and it is now 490. 6.5% in a month congrats.

I think you should hold most of your coins for the long term. You might use some to make your life better.

yeah if you look at the current price is still very low and lower when you first buy a bitcoin. do not immediately panic and assess that you will lose money. You just have to take it and hold any longer you should know that the price of bitcoin are always ups and downs. so there is time to be pump prices. you can see now

MWesterweele

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No dude you dont done a wrong thing on keeping your bitcoins.But putting all your savings on a thing that you are not sure on thats the wrong thing.You must be calm and be patient on every decision you make.Just put spare money on bitcoin do not put all your money here.Because one day bitcoins may disappear and you will lost your money.

mdgreasyjohn

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cancer sucks

i'd say in just a few weeks you have done quite well. now where is that birdbath ?

Akupuniard

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People doing mistakes, that's life but you can really hope on halving to make your money againe, it's really good chanse for you to fix yourself Grin

vapourminer

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what is this "brake pedal" you speak of?

it probably was mentioned already but flash memory does not last forever. years probably but 10+? bitrot..

use thumb drives but also archive quality CD/DVD, quality paper (laminate it), engrave the seed on stainless steel etc.

naidray

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Quote from: Ulloa on May 30, 2016, 10:07:47 AM

Quote from: bitwhispers on May 30, 2016, 02:50:17 AM

Quote from: saiha on May 30, 2016, 02:49:16 AM

Quote from: npredtorch on May 30, 2016, 02:15:22 AM

Quote from: sbtctalk on May 30, 2016, 01:55:42 AM

OP can dig up his bitcoins now.

Lol.

No , not yet . It is better to dig it up after the price reach as far as like $800. It is not impossible, just wait and see. Keep calm and wait for the Bitcoin price to spike before the end of 2016. You'll not be broken OP, for sure you will be COMPLETE Grin

.

Yeah I agree this is not the right time to dig up his bitcoins, needs to wait for time for the halving. Or even better dig up after the halving.
Op has been broken by bitcoin and bitcoin will fix again your broken feeling op. Cool

Keep for 25 years.

The best thing that you can do with Bitcoin is that you have to hold it until the value will be higher and otherwise you are losing a lot of money and that is really bad if that happens.
So patience is also important if you started to use Bitcoin and that is because you have to choose the right moment to sell it.

But wouldn't he be broke for so long? I know holding is the best possible solution to get quite a lot profits, but consider his daily expenses. You do know that you can't live the day without spending anything because food alone costs a lot.

Ulloa

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Quote from: bitwhispers on May 30, 2016, 02:50:17 AM

Quote from: saiha on May 30, 2016, 02:49:16 AM

Quote from: npredtorch on May 30, 2016, 02:15:22 AM

Quote from: sbtctalk on May 30, 2016, 01:55:42 AM

OP can dig up his bitcoins now.

Lol.

No , not yet . It is better to dig it up after the price reach as far as like $800. It is not impossible, just wait and see. Keep calm and wait for the Bitcoin price to spike before the end of 2016. You'll not be broken OP, for sure you will be COMPLETE Grin

.

Yeah I agree this is not the right time to dig up his bitcoins, needs to wait for time for the halving. Or even better dig up after the halving.
Op has been broken by bitcoin and bitcoin will fix again your broken feeling op. Cool

Keep for 25 years.

The best thing that you can do with Bitcoin is that you have to hold it until the value will be higher and otherwise you are losing a lot of money and that is really bad if that happens.
So patience is also important if you started to use Bitcoin and that is because you have to choose the right moment to sell it.

Cryptonitex

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Lol, you could have just kept it in some secure vault and forget about it. I bought some BitCoin, and have it in a Vault with CoinBase. I also have coin's in a Safe Deposit Box too. You know, in a real bank, where it's fireproof, water proof and I know is same...

The way in which you kept them was stupid, but in 20 years, BitCoin will probably be worth way more than $500. Maybe it'll be worth $10,000, who knows...

lister storm

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Quote from: Nowl1935 on May 30, 2016, 06:59:25 AM

Ive save up my bitcoin for the price increase, Its ok to spent your money to bitcoins, after halving your money will increase so hard, after the bitcoin halving

i think that you are right, its always good to hold as much bitcoins as possible and buy as much bitcoins with your spare money as possible, that would allow you to earn in the future

i also spend a lot of money on bitcoins but im pretty confident that it is a really good investment option that will possibly make me a millionaire in the near future i think

Nowl1935

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Ive save up my bitcoin for the price increase, Its ok to spent your money to bitcoins, after halving your money will increase so hard, after the bitcoin halving

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