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Topic: I spent all my saving on bitcoin, now i am broke - page 29. (Read 25442 times)

vip
Activity: 1428
Merit: 1145


This is my dog. Not the real one but similar. He sniffs out buried bitcoins, especially if next to a birdbath about three feet deep.

This is me and my dog. Not the real me or my real dog, but similar.  



...actually scratch that, I lied. I don't have a dog.


"What is your dirt doing on Boss King's birdbath?"
legendary
Activity: 3500
Merit: 6981
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better hope that none of the users here live near your house and recognize the fountain. you basically just announced where you hid your private keys to everyone.
Even if OPs story is true, the chances of anyone on this forum recognizing that bird bath are slim.  If you had a talented doxxer, though...
sr. member
Activity: 420
Merit: 250
I don't know is it really good ways to saving your bitcoin or not, but i think it's to risky to buried your bitcoin. Why not you save it on paper wallet or something for safety than that.
newbie
Activity: 42
Merit: 0
Even the best USB sticks fail over time. What price where they each and how long do you plan on leaving them buried underground potentially exposed to dampness?

It's 20 years later. USB ports as common BNC connectors on Ethernet cards. That's OK, because the USB stick is useless -- corroded apart because yeah, condensation is a thing. But that's also OK because no one remembers bitcoins.
"You mean those plushy bears Ty Warner made in the early aughts?" they ask you, "Really big with all the old ladies?"
sr. member
Activity: 294
Merit: 250
i see you have try to gambling with 5 Bitcoin you have,i said like that because we all never know what will happen in 20 years later,is bitcoin going up so high or down so deep,i wish you have backup of private keys,becuase ground ca be moving by earthquake Grin
sr. member
Activity: 552
Merit: 250
If i were you, I will print a paper wallet and laminate it. Maybe the OS in 20 years will not recognize your USB drive anymore and the corrosion will destroy the electronic inside.
sr. member
Activity: 378
Merit: 250
That is some deep stuff. I see that you have a lot of faith in BTC and you really do believe that the price will go up. I believe that the price will go too. I wish you luck and I wouldn't have advertised this on the forum. There might be like hackers and other untrustworthy people in the forum that might try get the money. But still, BTC is a good investment.  Smiley Smiley Smiley
legendary
Activity: 2184
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Even the best USB sticks fail over time. What price where they each and how long do you plan on leaving them buried underground potentially exposed to dampness?
legendary
Activity: 1288
Merit: 1087
Nah. Not good enough. Tattoo the private keys on the inside of your foreskin and become celibate. And never show it to a doctor either.
sr. member
Activity: 338
Merit: 253
What are the geo coordinates of that fountain?
legendary
Activity: 1512
Merit: 1000
A small safe deposit box at a bank only costs around $15 - $25 a year. A small price to pay for a bit more piece of mind. Oh, that's right, I forgot you said you are now broke. Nvm.

Now excuse me while I go snooping all the backyards in my neighborhood and surrounding area for a birdbath that matches yours.  Tongue
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
I like your creativity in hiding these USBs, but I am not sure it will be save to put them in a. wet place like this even if they are safe with the plastic box because a leak may happen and corrupt the usbs . so I think you should think for a plan B
legendary
Activity: 1120
Merit: 1000
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,
legendary
Activity: 1680
Merit: 1010
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I don't know if it's really a good idea to use USB sticks for that, I would have made a paper wallet and laminated it.
You say you burried it? What if moisture reaches those USB sticks and they don't work anymore?

Not saying it's a bad idea to put your savings into Bitcoin, but I think you could have done it in a better way.
they were water proof containers, but still, water finds a way.

Bitcoins using Proof Of Container Cheesy
member
Activity: 84
Merit: 10
We all have passion for something, and for most of us here, that passion is bitcoin and decentralised networks alike. Maybe youre in the wrong place is all..

Err... By this passion that we all share, you mean "buy BTC and bury it under a birdbath for 20 years"? Perhaps we're not quite as alike as you think...

Like i said in my post above; i do think that method of storage is not the smartest one, and niether is leaving the sticks/wallet with no password.
But i stick to my belief that investing into bitcoin, even if you are going to let it chill for a decade is a good idea. The very code it was written for it
clearly shows that the time is your friend if you are going to be an investor in this game.
We dont have to be alike, but the logic behind the thought shows how what i say is in fact true, or atleast that it should be.

If you think that burying USB sticks for 20 years is "let[ting] it chill for a decade" you're wrong on multiple levels, starting with 20 years being two decades, not one.
If you think "The very [Bitcoin] code it was written for "let[ting] it chill for a two decades," consider letting someone else code and handle your money.

But of course you didn't bother checking if OP makes any sense otherwise.
It's normal, as far as you're concerned, that OP "took out all my saving from my bank 3500 and bought ... a total of 6 bitcoins ... i only have 100 dollars left in my bank,  i am basically broke,  my whole saving gone!" This is the same international entrepreneur who outsources, claims to "often deal with sending money overseas to developers"? Mental illness is a bitch, on top of the world one day, 100 bucks to your name the next...
This all totally adds up, right?
hero member
Activity: 1036
Merit: 501
You're technically not broke.
You still own the 5 BTC which will be worth a whole lot more, soon. Wink
hero member
Activity: 532
Merit: 500
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

Bitcoin has.. many times already..

Not sure what else is left unless Bitcoin does something amazing which so far development has come to a slow down/halt.

Maybe 2-5 years it will double.
sr. member
Activity: 451
Merit: 250
We all have passion for something, and for most of us here, that passion is bitcoin and decentralised networks alike. Maybe youre in the wrong place is all..

Err... By this passion that we all share, you mean "buy BTC and bury it under a birdbath for 20 years"? Perhaps we're not quite as alike as you think...

Like i said in my post above; i do think that method of storage is not the smartest one, and niether is leaving the sticks/wallet with no password.
But i stick to my belief that investing into bitcoin, even if you are going to let it chill for a decade is a good idea. The very code it was written for it
clearly shows that the time is your friend if you are going to be an investor in this game.
We dont have to be alike, but the logic behind the thought shows how what i say is in fact true, or atleast that it should be.
member
Activity: 84
Merit: 10
We all have passion for something, and for most of us here, that passion is bitcoin and decentralised networks alike. Maybe youre in the wrong place is all..

Err... By this passion that we all share, you mean "buy BTC and bury it under a birdbath for 20 years"? Perhaps we're not quite as alike as you think...
sr. member
Activity: 451
Merit: 250
In 20 years there will be no longer bitcoin... Grin

What you have done is an act of faith, because no one can know with certainty the future of bitcoin, since this is a very recent phenomenon into the history of human economy. But you can make a lot of productive things in 20 years with that amount of money.

I wouldnt be so short sighted to say that there will be no bitcoin in 20 years, or even that its very recent phenomenon when its here for over 7 years or so..
If he decided to invest into something he believes in, why does it matter that there are other ways to invest money in. We all have passion for something, and for most
of us here, that passion is bitcoin and decentralised networks alike. Maybe youre in the wrong place is all..
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