I spent all my saving on bitcoin, now i am broke

[cuurtissss]

You ,might suffer as you must have thought about it before doing it.

[Cryptojuni]

Bitcoins are not be spent at once, they are to be spent judiciously, if you spend all your bitcoin at a time you left with chances of being broke. Just as it is in your physical cash when you spend all your savings you become broke. So, to avoid to be broke you must not spend all your bitcoin at a time.

[Armstrong70]

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

Same thing happened to me but i did not invest in Bitcoin any way my advice is be patient in the future you will get good profits

[bitbabba]

It is a good example for everyone.

It is a promising market but never invest everything into one thing.

[gembirdprivate]

I'm thinking also to buy 2 bitcoins and buried them under his house in a capsule. In 20 years I'll get them, or when the rate will shoot up 2 times

[axel20]

Wow.  Just, wow.  There's certainly nothing wrong with investing into bitcoin, but your entire live savings?  BTC is too volatile and I would not recommend that to anyone.  I'm sure you've heard the expression to never invest more than you can afford to lose.  I personally wouldn't have dumped every bit of my savings into a volatile investment like that, but to each his own.