Topic: I spent all my saving on bitcoin, now i am broke - page 7. (Read 25442 times)

think TS has already dug the sticks out and sold his bitcoins at 620$ USD
so all in all he made 150$ profit per btc+started a topic that made my day (several times)
now shoo,go away,nothing to see here )
I'd be so tempted to sell the coins once they hit >600 usd,especially if I had spent all my savings on it

People have great plans and high expectations about them hodling their coins for a very long time, but as soon as the price starts to go up, these plans go to waste as people are too tempted to sell their coins.

Due to the lack of communication from OP's side I seriously think he already have sold his coins which I could understand if he sold at the peak in June.

You've got to be kidding. After you've spent most of your savings just to bought bitcoin and you're just gonna buried it under your bird fountain in your backyard? Why do it when there's a lot of ways on growing your 5 BTC? You can do some trading's here in bitcointalk and other things that might help you to grow your 5 BTC. I think it will be just a waste of time if you'll just gonna let it go like that. You'll remain broke if you're not gonna do anything about your 5 BTC that you bought. Then what is the reason why you bought 5 BTC if you're just gonna bury it. Give me a break.

this dude is a legend already. and as far as i understand he has not intention of selling them soon (but he is learning more about bitcoin and how to use paper wallets), so they are most likely still there.

Yeah, I would also like to see an update on this whenever he plans on selling or if he's already checked if it's still there :p
But it's better to wait until he takes another action, now it's just waiting that he has to do.

op last active was today , would be nice to get an update from him right? but since he is planning to save the 5 bitcoin for very long term saving in bitcoin , i guess he just keep his bitcoin underground . the 'broke' that what op means are due he has spent the whole fiat money saving to buy bitcoin and buried it. so i guess he just have a great plan not the real broke.

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

If you had already 6 bitcoin then use that as trading but you use that to buy some gadgets and material you need to it is okay you need to learn from our mistakes sometimes you should turn your money again to bitcoin so that you can have it for trading and other like buying again when you made a profit.

him putting nearly all his money into bitcoin is indeed not the right thing that he has done, but if he still have these coins, then the result isn't bad for once. normally these people sell their coins in panic when the price is going down, but he had the luck of having the block halving in front of him at the time he bought his coins.

Well it is not good that you took all your money from bank. You could leave 500$ there or so, because who knows what will happen in future and maybe you will need that money, and when you don't have it now...

But With bitcoins, i think you have huge security now, as i don't think that someone will ever find it unless you mention where you keep these bitcoins, but if you're smart you will keep your mouth shut.

not broke if OP get back his 5 btc because it is already profit if want to sell now, or maybe he already sold it at highest rate before halving because this is an old thread,