Topic: I spent all my saving on bitcoin, now i am broke - page 21. (Read 25442 times)
The OP was 8 May. The price was about $450 at the time. It means he might have made profit of $100 each coin.
i did not put 1 bitcoin in each stick, i put the 5 bitcoins together on 1 wallet, then just copied it to all the usb sticks,
i never thought about doing that, now that i think about it, it would've been a better idea of putting 1 bitcoin on each stick, just in case one fails,
i used usb's because i don't know how to make a paper wallet, it was really confusing and hard when i read it online, i also don't own a printer
i don't see why they would stop working, they are all different brands of usb and the box is waterproof, i think i should ok,
Buying, waiting and then selling bitcoins is the best way to make a good kind of profit. Faucets etc are to taking too much time and you earn not enough to actually have some real bitcoin. i never thought about doing that, now that i think about it, it would've been a better idea of putting 1 bitcoin on each stick, just in case one fails,
i used usb's because i don't know how to make a paper wallet, it was really confusing and hard when i read it online, i also don't own a printer
i don't see why they would stop working, they are all different brands of usb and the box is waterproof, i think i should ok,
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.
yeah if you want to be patient in investing in bitcoin You'll never lose dude. because basically the key gains on investments in bitcoin is patience 
so if you have the patience of a few days ago then you will get a sizable gains today dude 
Hey guys have you heard about the Cryptosteel Bitcoin wallet? I think it's the perfect solution if you are searching for a cold storage device to put your main Bitcoin stash on. The whole thing is made of durable metal and you can arrange your private keys with the provided sets of metal letters and numbers. I have seen a video of some guy testing out the durability of it by setting it on fire and throwing it from the top of a building and running over it with a car and still the private keys could be read so it's pretty much indestructible in normal circumstances. I recommend checking it out 
I just hope that you have multiple backups with you. In case the USB stick get corrupt, then all of your coins will be gone. Still, I don't understand the idea of making so much effort to store your coins. Why can't you keep your USB sticks in a bank locker? In case you don't trust the bankers, then you can keep the private key somewhere else. Digging up a hole in the ground to store the USB sticks seems insane to me.
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.
Bank dont provide high Interest rates. As compared to this, bitcoin prices rises too quick that you can earn more profit, if you use it as a mode of investment rather than relying on the low interest rates which banks offer. Only thing is that you have to be careful with your wallet, as if your are careless than you can have same trouble as OP has told here before.
I agree with you.
We should look in Bitcoin as long term plan and not depend to much on its price or possibly profit.
I'm sure that Bitcoin is the future of money and payments but Bitcoin will not become new standard for money overnight.
Who understand value and idea behind bitcoin, will invest in Bitcoin now and wait.
Who don't understand value of BTC will invest in regular financial products offered by banks.
Of course, there are always some risk involved in any choice we make, so we have to decide based on our long term goals and available funds where to invest.
OP can dig up his bitcoins now.
Lol.
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
. 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.
Keep for 25 years.
OP can dig up his bitcoins now.
Lol.
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
. 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.
OP can dig up his bitcoins now.
Lol.
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
.
OP can dig up his bitcoins now.
Lol.
Lol.
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.
Bank dont provide high Interest rates. As compared to this, bitcoin prices rises too quick that you can earn more profit, if you use it as a mode of investment rather than relying on the low interest rates which banks offer. Only thing is that you have to be careful with your wallet, as if your are careless than you can have same trouble as OP has told here before.
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.
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.
About u being broke, well, the price WILL go up quite soon so your investment will be sound.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
I think OP was just having some fun. He boldly shared his experience and kept every one here entertained.
Yes op is just giving his cent on his experience on spending all his savings on bitcoin but something happened that made him broke.
This is a good thing for us, so that things in future like this we can prevent it.
There was a discussion on here no so long ago about keeping private keys on USB sticks. I think most people agreed that it was not a viable/safe option for the long term (10 years or more) as apparently it is possible that you lose data after some time.
About u being broke, well, the price WILL go up quite soon so your investment will be sound.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
I think OP was just having some fun. He boldly shared his experience and kept every one here entertained.
should make a paper wallet and laminate it at least twice,
then dip that in wax or something similar that will seal it
then seal in a bag, then in plastic airtight container with some silica gel
or he could just make a paper wallet and stck it behind a picture in the home.
but USB sticks or memory cards are awful to store anything,
just think back how many usb sticks you have had that have failed at one point or another
The seal part you are describing sounds quite thorough I have to say, but if he stick it behind a pic and a robber breaks in house and steals the picture the wallet is lost too. A Vault is a good solution imo.
As long as he has a very strong password to protect the file, he can store it in many email boxes.
should make a paper wallet and laminate it at least twice,
then dip that in wax or something similar that will seal it
then seal in a bag, then in plastic airtight container with some silica gel
or he could just make a paper wallet and stck it behind a picture in the home.
but USB sticks or memory cards are awful to store anything,
just think back how many usb sticks you have had that have failed at one point or another
The seal part you are describing sounds quite thorough I have to say, but if he stick it behind a pic and a robber breaks in house and steals the picture the wallet is lost too. A Vault is a good solution imo.
About u being broke, well, the price WILL go up quite soon so your investment will be sound.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
About u placing BTC in your backyard, DUDE, this 2016, there are normal solutions for cold storage.
Did OP write his keys in a slip of paper and secure it in a air tight bag? There's a discussion that usb storage has to be powered sporadically else data will be lost.
should make a paper wallet and laminate it at least twice,
then dip that in wax or something similar that will seal it
then seal in a bag, then in plastic airtight container with some silica gel
or he could just make a paper wallet and stck it behind a picture in the home.
but USB sticks or memory cards are awful to store anything,
just think back how many usb sticks you have had that have failed at one point or another
Jump to: