I spent all my saving on bitcoin, now i am broke - page 27.

Jannn

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Quote from: btccashacc on May 08, 2016, 05:18:17 PM

Quote from: joe101 on May 08, 2016, 03:28:19 PM

i thought it was overkill too, i guess it is, since the price of bitcoin is not super high at the moment,

i am very confident bitcoin is the future, steam recently started accepting bitcoin, i was waiting for that

i have been researching bitcoin for almost 1 year now, and i have come to the conclusion that as soon as it hits mainstream the price the skyrocket

i often deal with sending money overseas to developers and it's insane how complicated or expensive it is to send others money who don't live in the same country as you,

bitcoin has completely changed this for me. Bitcoin has huge potential, i can't believe i did not get into it earlier the average person doesn't realize this yet

from everyone's replies i better learn to make paper wallet, i will dug it back up before the end of summer and put in paper wallets, just to have more security,

i don't want to put my usbs at the bank, i don't trust banks

i don't see any problem with burying things, my grandpa buried money and valuables in his backyard all the time,

his advice was "in the 97 years on this earth, i have never trusted the banks"

Storing bitcoin in paper wallet might be a good idea than storing them on usb stick, but you must remember to keep it safe in any place, dont forget to laminate it to avoid the distruction or something could happen.
hoping somone in your life wouldn't find it,

Do you laminate your books too? Paper lasts longer than your life.

Jacoder23

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Why not make a BTC faucet?

I know I guy who'll make you a really nice one for $100: http://hackforums.net/showthread.php?tid=5252367

Kinda expensive but worth the profits.

fenican

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Keep in mind that BITCOIN IS MONEY so, technically, you aren't broke you if you have some BTC buried. Assuming a neighbor or internet troll hasn't already dug it up, only a shovel stands between you and some nice liquidity.

whored

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Quote from: Y.Job on May 09, 2016, 07:36:54 AM

Quote from: whored on May 09, 2016, 07:33:36 AM

Quote from: Y.Job on May 09, 2016, 07:11:30 AM

I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.

Statist lies! Banks lie and rob people, birds don't.

So where do you think he should have hide it?

In his back yard, under his birdbath. And keep it there for 20 years for maximum delayed gratification. Which he already did.

Cantoner

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Well i found usefull information you may need to know to avoid loose your bitcoins i didnt know that those were possible as well soo i hope you consider the period you willing to let your bitcoins at those fountain,for more details check this out before you throw aways your savings and loose your bitcoins as well.https://bitcointalk.org/index.php?topic=1466206.new#new

Y.Job

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Check my CyberSecurity Shop

Quote from: whored on May 09, 2016, 07:33:36 AM

Quote from: Y.Job on May 09, 2016, 07:11:30 AM

I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.

Statist lies! Banks lie and rob people, birds don't.

So where do you think he should have hide it?

jt byte

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Quote from: Blinken on May 08, 2016, 07:22:14 PM

What are the geo coordinates of that fountain?

I think you should post the location on google maps so you will not forget where the location is if there is ever any unforeseen circumstances that should arise Cheesy

whored

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Quote from: Y.Job on May 09, 2016, 07:11:30 AM

I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.

Statist lies! Banks lie and rob people, birds don't.

Y.Job

member

Activity: 70

Merit: 10

Check my CyberSecurity Shop

I don't think it's wise to hide where you did or announce it to world in here.
It's better if you put it in a safe deposit box in your bank.

Ultrafinery

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Quote from: hopenotlate on May 09, 2016, 05:09:29 AM

Had a similar idea some time ago but containers are a bit different

and am not going to reveal where I hid them

Am I warm

BellaBitBit

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Your not broke...you have 6 bitcoin! You may look at that decision at a later date as a very smart decision. Very elaborate burial and yes, try not to disclose your bird fountain location Grin

LiteCoinGuy

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In Satoshi I Trust

Quote from: joe101 on May 08, 2016, 02:30:51 PM

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,

https://bitcointalksearch.org/topic/do-not-use-usb-sticks-for-long-term-storage-its-not-safe-1466206

20 years is a bit risky if you do it that way.

@hopenotlate

i will search in your toilet Tongue

samspaces

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Ok, this made me laugh. Cheesy

ElpadroBitcoin

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Quote from: DashCoinDark on May 09, 2016, 06:11:37 AM

That is not the best thing to do you should never spend all your money on one thing because now you will have to rely on Bitcoin. I am sure that you are going to earn that money back but you will never know what the future of Bitcoin is looking like.

You should always try to save some money and not use everything at once because know you will have to rely on Bitcoin to make our money back.
So let this be a lesson for the next time you think about investing.

DashCoinDark

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That is not the best thing to do you should never spend all your money on one thing because now you will have to rely on Bitcoin. I am sure that you are going to earn that money back but you will never know what the future of Bitcoin is looking like.

Rizky Aditya

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Quote from: Wapinter on May 09, 2016, 05:00:04 AM

Quote from: Yakamoto on May 08, 2016, 02:55:45 PM

Well, assuming you actually followed through with this, you are either incredibly confident or incredibly stupid.

I'm not saying it is necessarily a bad investment, but you must be very confident in the future of Bitcoin and its ability to maintain value over long periods of time. $2300 USD is a fairly large investment, and I hope that you pay attention to the market and play it right so you can make some money off of it.

Good luck with your investment.

I am not surprised at you this huge investment in bitcoin as being a believer in bitcoin I hope it's prices will go up in future. I am more surprised at your method of storing them and then announcing them in public.I think you should hide it somewhere else.What if you forgot and sell your house few years after?or still worse some natural calamity strike and your box got buried further under?

I am also glad to hear that more and more people are investing in Bitcoin. But this story just seems so unrealistic and unbelievable.

hopenotlate

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Top Crypto Casino

Had a similar idea some time ago but containers are a bit different

and am not going to reveal where I hid them

saiha

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Strength in Numbers

It is still not late get more bitcoins after the disaster happened to you.
Just continue what you have establish and forget what happened to you.

Wapinter

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Hire me for Bounty Management

Quote from: Yakamoto on May 08, 2016, 02:55:45 PM

Well, assuming you actually followed through with this, you are either incredibly confident or incredibly stupid.

I'm not saying it is necessarily a bad investment, but you must be very confident in the future of Bitcoin and its ability to maintain value over long periods of time. $2300 USD is a fairly large investment, and I hope that you pay attention to the market and play it right so you can make some money off of it.

Good luck with your investment.

I am not surprised at you this huge investment in bitcoin as being a believer in bitcoin I hope it's prices will go up in future. I am more surprised at your method of storing them and then announcing them in public.I think you should hide it somewhere else.What if you forgot and sell your house few years after?or still worse some natural calamity strike and your box got buried further under?

kahir

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Quote from: joe101 on May 08, 2016, 02:30:51 PM

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

best story ever .. someone gotta make a movie about it

Topic: I spent all my saving on bitcoin, now i am broke - page 27. (Read 25442 times)