Might be a good investment. Predictions go as high as $1,800 for 1 bitcoin for this year's big pump they say
I do not think the bitocin price will go to $1800 in December this year. If the price is half of that, I will be happy.
Topic: I spent all my saving on bitcoin, now i am broke - page 6. (Read 25417 times)
I do not think the bitocin price will go to $1800 in December this year. If the price is half of that, I will be happy.
Might be a good investment. Predictions go as high as $1,800 for 1 bitcoin for this year's big pump they say
You still have these bitcoins and considering the price now and when you bought them you didn't lose except a small percentage or so from when you invested, I don't think this is a waste of money but a good one if bitcoin moves like we expect to here in the forum.
you have a house and can only afford 6 btc?
this thread is an obvious troll
this thread is an obvious troll
Maybe he had the house for a long time and then in 2008 his house was only worth 30% the vulue.
You are an obvious troll. Im saving and gonna buy a house for 6 btc
you have a house and can only afford 6 btc?
this thread is an obvious troll
this thread is an obvious troll
It was not a bad idea to save bitcoin but it is only a bad idea if you spend money which you can't spend though!
But anyways you didn't need to split them up and bury them you could have made some seperate wallets and save them in those which is much easier.
Having all your money in Bitcoin or whatever investment is never a good idea, but these people are impulsive buyers that act first, and do the thinking later.But anyways you didn't need to split them up and bury them you could have made some seperate wallets and save them in those which is much easier.
These people mostly end up selling their coins with a huge loss as they sell their coins in panic when the price gets dumped down, but if OP is still having these coins, then he made a decent amount of profit.
But I don't know why OP isn't updating this thread from time to time in order to let people know how this journey is progressing.
It was not a bad idea to save bitcoin but it is only a bad idea if you spend money which you can't spend though!
But anyways you didn't need to split them up and bury them you could have made some seperate wallets and save them in those which is much easier.
But anyways you didn't need to split them up and bury them you could have made some seperate wallets and save them in those which is much easier.
No one knows what happen to that pizza delivery boy which sells pizza for 10k bitcoin which is already a lot. If he knows the current price now maybe hes one of the richest on bitcoin world well no one knows what happen to him if he possess still the huge amount of bitcoin.
He gets interviewed all the time. He doesn't have a lot of bitcoins. He always says that he is glad he spent the bitcoins because it helped to prove that Bitcoin can be used as a currency. Some people actually want Bitcoin to succeed and not just hold onto them contributing nothing but shitty signature posts.
So this guy bought bitcoin when the price was about $450 and now that they are $600 he's broke? lol
he is a lucky person and he also saw a price of $750 in the mid of the year so he got about 80% or more profit with that bitcoins. But I think he is saying it because he have buried them and is unable to use them for his needs. He should have to keep them in his living wallet.
The problem is that we don't know how everything is right now. Perhaps he sold all his coins to secure profits. Perhaps that his coins, or the majority of it are still untouched. An update from OP would be a welcome thing here.
not the real broke.But it's better to wait until he takes another action, now it's just waiting that he has to do.
I think the guy who received the bitcoin for buy that pizza don't have the bitcoin anymore hahahahahaha maybe he lost his wallet or sold for a "medium" price.
Anyone know's what's happen with this guy?
No one knows what happen to that pizza delivery boy which sells pizza for 10k bitcoin which is already a lot. If he knows the current price now maybe hes one of the richest on bitcoin world well no one knows what happen to him if he possess still the huge amount of bitcoin.
So this guy bought bitcoin when the price was about $450 and now that they are $600 he's broke? lol
he is a lucky person and he also saw a price of $750 in the mid of the year so he got about 80% or more profit with that bitcoins. But I think he is saying it because he have buried them and is unable to use them for his needs. He should have to keep them in his living wallet.
The problem is that we don't know how everything is right now. Perhaps he sold all his coins to secure profits. Perhaps that his coins, or the majority of it are still untouched. An update from OP would be a welcome thing here.
not the real broke.But it's better to wait until he takes another action, now it's just waiting that he has to do.
I think the guy who received the bitcoin for buy that pizza don't have the bitcoin anymore hahahahahaha maybe he lost his wallet or sold for a "medium" price.
Anyone know's what's happen with this guy?
So this guy bought bitcoin when the price was about $450 and now that they are $600 he's broke? lol
he is a lucky person and he also saw a price of $750 in the mid of the year so he got about 80% or more profit with that bitcoins. But I think he is saying it because he have buried them and is unable to use them for his needs. He should have to keep them in his living wallet.
The problem is that we don't know how everything is right now. Perhaps he sold all his coins to secure profits. Perhaps that his coins, or the majority of it are still untouched. An update from OP would be a welcome thing here.
not the real broke.But it's better to wait until he takes another action, now it's just waiting that he has to do.
So this guy bought bitcoin when the price was about $450 and now that they are $600 he's broke? lol
he is a lucky person and he also saw a price of $750 in the mid of the year so he got about 80% or more profit with that bitcoins. But I think he is saying it because he have buried them and is unable to use them for his needs. He should have to keep them in his living wallet.
The problem is that we don't know how everything is right now. Perhaps he sold all his coins to secure profits. Perhaps that his coins, or the majority of it are still untouched. An update from OP would be a welcome thing here.
not the real broke.But it's better to wait until he takes another action, now it's just waiting that he has to do.
That is right. The bitcoin is still in the very early stage of development. The price will still rise a lot in the near future.
i wold not not not bury it moles dig tunnels and when they encounter they will drag it with them down the tunnel then you precious box will be lost in a maze of tunnels and you will hav to dig your hole garden up to find them.
better create a paper wallet its safer its ink its small its thin it doesnt need electric u can laminate it u can put sellotape over it put it in a jar with dessicant seal it tight and it will last for many years
better create a paper wallet its safer its ink its small its thin it doesnt need electric u can laminate it u can put sellotape over it put it in a jar with dessicant seal it tight and it will last for many years
i sometimes spend a lot of money on bitcoins too because it can make me some decent money really easily
Saving bitcoin for next 20 years may not be good decision and also that in a quite unsecure place like in your garden. Better put it on a bank locker so that even if you don't live till than your family can take control of your bitcoins.
If you put it in a bank locker and somebody get access to the private keys, they can steal the bitcoin.
Saving bitcoin for next 20 years may not be good decision and also that in a quite unsecure place like in your garden. Better put it on a bank locker so that even if you don't live till than your family can take control of your bitcoins.
That's why it is called "savings", they are meant to be saved!
Let me just share with you my saving algorithm.
Salary/Income --> Save 10% --> Expenses
Save before you spend.
Let me just share with you my saving algorithm.
Salary/Income --> Save 10% --> Expenses
Save before you spend.
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
http://i68.tinypic.com/24b6m3m.jpg
http://i65.tinypic.com/10mvech.jpg
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
http://i68.tinypic.com/24b6m3m.jpg
http://i65.tinypic.com/10mvech.jpg
Big ups, sometimes you have to make these hard decisions. I was bout the same and had $500 left. In the end it will be worth because you will get better interest than at a bank
I don't think you have lost your savings in bitcoin, If you want you could withdraw it in less than 10 minutes so just consider yourself to be investing it in a project or so, The price is volatile but there is a possibility for profit as well.
Investing in bitcoin is not totally bad. Its how you manage
well your money. We have sayings that dont put your eggs in
one basket. We have to ensure that we invest on something
that we can gain profit well. Likewise, all investments are risks,
dont put your whole amount of bitcoin in one investment.!
well your money. We have sayings that dont put your eggs in
one basket. We have to ensure that we invest on something
that we can gain profit well. Likewise, all investments are risks,
dont put your whole amount of bitcoin in one investment.!
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