Minerjoe
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April 01, 2015, 08:02:12 AM |
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Transfer your coin to USB stick, take the stick to your bank and put it in a safe there.
Going there again, accessing the safe and transferring the coins back s gonna be sufficient deterrent for you to spend your coins.
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RhodaGila
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April 01, 2015, 08:16:28 AM |
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In what ways do you have this bitcoin? Why should it be kept up for so long, up to 5 years. Is it because the price is now so low? Anything can happen with this coin. Why do not you keep growing and multiplying.
But I also can not impose it, on this point there is a saying "Do not put all your eggs in one basket"............
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adworker
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April 01, 2015, 08:29:56 AM |
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I can keep my BTC in cold storage, but the temptation will always be there to take it out of the safe and spend it. What's the best way to store it for a given amount of time if you don't trust yourself?
Paper wallet and put it in place where it will take you some serious effort to get it - bank deposit box, parent house and so on. The point is you will not spend it with impulse move, but when you really need it you will take the effort and get your paper wallet
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Snail2
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April 01, 2015, 08:32:02 AM |
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Self control maybe ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ?
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randy8777
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April 01, 2015, 08:47:48 AM |
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Self control maybe ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ? not going to work for op. it's not that hard to just leave your coins in offline storage for a few years. if you believe in bitcoin being worth more in the next year it should be easy to not spend them.
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WhatTheGox
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April 01, 2015, 08:48:51 AM |
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Is there a way I can make BTC unspendable in the next 5 years? I know it's "programmable money," but can I do this outside of a 3rd party app?
I can keep my BTC in cold storage, but the temptation will always be there to take it out of the safe and spend it. What's the best way to store it for a given amount of time if you don't trust yourself?
Think of it like a CD. Is there a viable option that exists now?
Work very hard in other areas or perhaps even a bitcoin business. You are going to have to spend some if they price goes up very high like $10k.
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Jeremycoin
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𝓗𝓞𝓓𝓛
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April 01, 2015, 09:05:25 AM |
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Go to the future with time machine, and just left your BTCitcoin in the safest place. Haha, just kidding ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Maybe you can make a paper wallet with the private key inside of course. Then Keep it in the tomb it in your backyard ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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faucet used to be profitable
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dothebeats
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April 01, 2015, 09:07:42 AM |
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Best thing that you can do is to print a paper wallet and store those coins into that. Put it in a safety deposit box of some sort that you do not have the control and you'll be fine. Also, if you don't want others to store it for you, just develop self-discipline, as it will get you more positive results for you and your money.
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coinplus
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April 01, 2015, 09:31:14 AM |
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Store/back up your bitcoins in multiple different methods and forget it. Live on other source of income and gather more bitcoin. To stop spending bitcoin, collecting it is the best way. Make a big target, till that get a resolution not to spend single satoshi.... That's all
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Eastfist
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April 01, 2015, 10:16:17 AM |
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You gotta spend it. Or maybe spend half and keep the other half. This early in the game, if the "popularity" of Bitcoin tanked, it wouldn't be worth it. It's like a beating heart, you gotta keep the blood flowing in order for it to be useful in the long run.
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notalin
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April 01, 2015, 10:46:52 AM |
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Nothing guarantee for that.
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Beliathon
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April 01, 2015, 12:35:16 PM |
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Is there a way I can make BTC unspendable in the next 5 years? I know it's "programmable money," but can I do this outside of a 3rd party app?
I can keep my BTC in cold storage, but the temptation will always be there to take it out of the safe and spend it. What's the best way to store it for a given amount of time if you don't trust yourself?
Think of it like a CD. Is there a viable option that exists now?
If you don't trust yourself, you need to trust someone else. Give some cold stored btc to a trusted loved one.
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Hazir
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★Nitrogensports.eu★
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April 01, 2015, 12:50:50 PM |
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Self control maybe ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ? not going to work for op. it's not that hard to just leave your coins in offline storage for a few years. if you believe in bitcoin being worth more in the next year it should be easy to not spend them. If op is not poor and have normal FIAT income it should be fairly easy for him to not spend his bitcoins. Save it and keep as long-term investment. Deposit it as cold wallet in bank vault or give to your mother or someone you really trust. I could be a problem if Op will be in trouble and will be desperately in need of money, but heck I would sell all my coins too if I would need money for medical treatment or something like that too.
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countryfree
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Your country may be your worst enemy
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April 01, 2015, 01:02:59 PM |
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When I quit smoking (at age 26), I kept a pack of cigarettes and a lighter in my pocket for 2 weeks, just to challenge my willpower, and I succeeded. Are you faithful to your wife/girlfriend? Temptations are everywhere, you just need to learn self-control.
Now, spending isn't an issue, the real problem is how to earn more BTC.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Jakesy (OP)
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April 01, 2015, 03:18:48 PM |
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You shouldn't keep yourself from spending your BTC.
On the contrary. If you believe in Bitcoin and want it to prosper, you should spend as much BTC as possible - but also keep buying back the same amount (on exchanges or whatever) to keep your Bitcoin balance on par. Same result as not spending bitcoins, except now you help Bitcoin propagate and stimulate the Bitcoin economy.
Remember, Bitcoin is going nowhere if everybody just keeps it in their pockets, silently waiting for others to do something.
People assume a lot in here. I have bitcoins to SPEND, I have bitcoins to SAVE, and I have bitcoins for LONG-TERM savings. I just wanted a way to make them unspendable for a set amount of time.
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BillyBobZorton
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April 01, 2015, 03:54:44 PM |
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Is there a way I can make BTC unspendable in the next 5 years? I know it's "programmable money," but can I do this outside of a 3rd party app?
I can keep my BTC in cold storage, but the temptation will always be there to take it out of the safe and spend it. What's the best way to store it for a given amount of time if you don't trust yourself?
Think of it like a CD. Is there a viable option that exists now?
You can always spend your BTC if you want no matter how many measures you take, so what you should do is try to learn to fight the urge, or limit yourself to cashing out only a small amount monthly at best (given you are making more BTC in the way).
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Amph
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April 01, 2015, 04:59:17 PM |
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paper wallet/usb inside a plastic thing then seal them inside a stone made of cement, then put that thing under ground(3 meters) and you are done, just be sure to not remember your private key via "brainwallet"
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Minerjoe
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April 01, 2015, 06:59:29 PM |
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You shouldn't keep yourself from spending your BTC.
On the contrary. If you believe in Bitcoin and want it to prosper, you should spend as much BTC as possible - but also keep buying back the same amount (on exchanges or whatever) to keep your Bitcoin balance on par. Same result as not spending bitcoins, except now you help Bitcoin propagate and stimulate the Bitcoin economy.
Remember, Bitcoin is going nowhere if everybody just keeps it in their pockets, silently waiting for others to do something.
People assume a lot in here. I have bitcoins to SPEND, I have bitcoins to SAVE, and I have bitcoins for LONG-TERM savings. I just wanted a way to make them unspendable for a set amount of time. What are you afraid? BTC being stolen or you not being able to resist to spend those?
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YuKiang
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April 01, 2015, 07:02:59 PM |
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1) You don't know if BTC will survive for that long (Not being bullish.) 2) You can simply put them in cold storage. Throw them on a few USBs and forget about it for 5 years. 3) Invest in big companies.
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Minerjoe
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April 01, 2015, 07:05:59 PM |
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1) You don't know if BTC will survive for that long (Not being bullish.) 2) You can simply put them in cold storage. Throw them on a few USBs and forget about it for 5 years. 3) Invest in big companies.
What kind of point is that, number 1. Sure it s gonna survive, you defeatist.
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