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Topic: Locking a wallet so I can't withdraw coins - page 2. (Read 4243 times)

hero member
Activity: 1372
Merit: 503
You can ask your friend or your family to hold your Bitcoin for you If you want. Just to secure your own Earnings. You can also lend someone with your money and tell them to put it back if before your fixed deadline. You can also code for it. Just create a simple program that locks your wallet and after some time, or weeks, or months, it will actually unlocks it automatically. You can also stop yourself from withdrawing the earnings you have by putting a sticky note beside your monitor or you can also set it as your wallpaper that whenever you are opening your desktop or PC, you always read your dreams and it motivates you to earn more.
legendary
Activity: 2436
Merit: 1561
...
Multisig could be helpful.
Create a multisigwallet where 2 keys are needed to unlock the funds.
Or, 2 out of 3, or anything else.

hmmm, so simple, and not a bad idea  Cheesy
I could have 1 key, give one key to a friend and one to my sister telling them not to give me the key if I don't have 10BTC on an address
Nice  Cheesy

Sounds pretty risky. Could work short term, but the longer it takes for you to save up 10 btc, the higher the chance one of them will lose their key (or forget where they saved it etc).

I wouldn't go for any smart-contract thing either. In an unlikely event bitcoin price goes drastically up (say to $10,000 or higher), you may not be able to ever reach the goal and have your funds stuck.

The thing to consider (I'm not recommending it though) is to engage your funds in providing loans for margin trading (i.e. on Poloniex), it's relatively safe (but there's always a risk of exchange going under etc) and you could earn some small profits. Just provide a loan for i.e. 30 days + auto renew, so in order to withdraw it, you'd have to turn the 'auto renew' off and wait for up to 30 days. Should be enough to prevent you from the heat-of-the-moment spending.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
You could get an escrow. But I think it helps more to just man up and learn to save! Especially since it's going to be a larger amount of money for a longer period of time, I wouldn't want it to be in a third party's hands.

Set a picture of the car you want as a desktop image, to remind you of your goals.
legendary
Activity: 1148
Merit: 1048
Very simple solution to this. Get a glass bottle with a metal screwcap. Print a paper wallet, pub and priv, and roll it up in the bottle with the private key not visible. This is the hard step; glue the bottle shut. You can bury it if you want at this point, but the necessity of breaking the bottle will deter you from accessing the wallet. IF you bury it, I wouldn't use glass, and I'd would pick something more permanent than paper to record the keys.

If you want to up the ante, put it in something valuable you will have to break to access, like a vase. You will think twice before accessing said wallet.

sr. member
Activity: 378
Merit: 250
BlockChainBroker - The Real Estate Exchange
yes. use an escrow service and told them the condition that you stated. im sure they will give that your money as your instruction to them. no need to thanks OP. Smiley
hero member
Activity: 532
Merit: 501
Tell your friend to deposit x amount of bitcoin into a paper wallet and get him/her to store it. Then pay them over time and over they get an ROI, they give you the wallet.

Lol.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
I have the same problem so i was thinking of buying a nice funded casascius coin one day then i would never want to peel off the hologram until 100% needed because once it's peeled there is no way to replace it.

The coin will still have value too after you spend the bitcoins.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Put a post-it on your screen with your goal and each time you're about to spend something you look at it and build courage to stop  Cheesy
Build some willpower !  Grin

The problem is, I'll think nah, that's so cheap, that won't affect my goal
Then I go out and drink a 100$  Cheesy

I dont think there is a wallet like that. Hahah Cheesy not sure but I've never heared one before. Maybe what you can do is contact the support about that so they can make some adjustments in their platform. But I think it will take some time before they can do that. Another thing you can do is if you have a wife, ask her to create a wallet and she will keep your BTC until it reaches to your goal price whis is 10BTC hahaha Cheesy Just a suggestion Tongue

No wife  Cry
I'm 19 though  Cheesy

Multisig could be helpful.
Create a multisigwallet where 2 keys are needed to unlock the funds.
Or, 2 out of 3, or anything else.

hmmm, so simple, and not a bad idea  Cheesy
I could have 1 key, give one key to a friend and one to my sister telling them not to give me the key if I don't have 10BTC on an address
Nice  Cheesy
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
I'm not really sure if this should go here or off-topic, but I think it should be here  Cheesy

I was wondering if there's a way I could deposit bitcoins to a wallet, address, and I wouldn't be able to withdraw them until I reach a certain sum
I'd like to start a fund to save money for a car, however, I always end up spending my money instead of saving it  Cheesy
Is there a way to set something up, where I could be able to withdraw the coins only when the balance of the wallet reaches 10BTC or something like that?
For example, generating a password that would be given to me once the balance hits 10 or something like that  Cheesy

You're probably interested in checklocktimeverify
I think in the future we'll see wallets with a feature to lock your funds for a certain amount of time.
I'm not sure if a certain balance could unlock it though.

I dont think there is a wallet like that. Hahah Cheesy not sure but I've never heared one before. Maybe what you can do is contact the support about that so they can make some adjustments in their platform. But I think it will take some time before they can do that. Another thing you can do is if you have a wife, ask her to create a wallet and she will keep your BTC until it reaches to your goal price whis is 10BTC hahaha Cheesy Just a suggestion Tongue

Multisig could be helpful.
Create a multisigwallet where 2 keys are needed to unlock the funds.
Or, 2 out of 3, or anything else.
full member
Activity: 224
Merit: 100
I'm not really sure if this should go here or off-topic, but I think it should be here  Cheesy

I was wondering if there's a way I could deposit bitcoins to a wallet, address, and I wouldn't be able to withdraw them until I reach a certain sum
I'd like to start a fund to save money for a car, however, I always end up spending my money instead of saving it  Cheesy
Is there a way to set something up, where I could be able to withdraw the coins only when the balance of the wallet reaches 10BTC or something like that?
For example, generating a password that would be given to me once the balance hits 10 or something like that  Cheesy

I dont think there is a wallet like that. Hahah Cheesy not sure but I've never heared one before. Maybe what you can do is contact the support about that so they can make some adjustments in their platform. But I think it will take some time before they can do that. Another thing you can do is if you have a wife, ask her to create a wallet and she will keep your BTC until it reaches to your goal price whis is 10BTC hahaha Cheesy Just a suggestion Tongue
hero member
Activity: 616
Merit: 503
★Bitvest.io★ Play Plinko or Invest!
Put a post-it on your screen with your goal and each time you're about to spend something you look at it and build courage to stop  Cheesy
Build some willpower !  Grin
sr. member
Activity: 297
Merit: 250
I'm not really sure if this should go here or off-topic, but I think it should be here  Cheesy

I was wondering if there's a way I could deposit bitcoins to a wallet, address, and I wouldn't be able to withdraw them until I reach a certain sum
I'd like to start a fund to save money for a car, however, I always end up spending my money instead of saving it  Cheesy
Is there a way to set something up, where I could be able to withdraw the coins only when the balance of the wallet reaches 10BTC or something like that?
For example, generating a password that would be given to me once the balance hits 10 or something like that  Cheesy

you should see some service like "oraclize" .
you can set a certain condition for issue a payment from an address maybe you get help from this one Wink
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
I'm not really sure if this should go here or off-topic, but I think it should be here  Cheesy

I was wondering if there's a way I could deposit bitcoins to a wallet, address, and I wouldn't be able to withdraw them until I reach a certain sum
I'd like to start a fund to save money for a car, however, I always end up spending my money instead of saving it  Cheesy
Is there a way to set something up, where I could be able to withdraw the coins only when the balance of the wallet reaches 10BTC or something like that?
For example, generating a password that would be given to me once the balance hits 10 or something like that  Cheesy
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