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

[joe101]

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

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[--Encrypted--]

better hope that none of the users here live near your house and recognize the fountain. you basically just announced where you hid your private keys to everyone.

[merelcoin]

wow, talking about taking a leap of faith... I think the chance of getting an intrestrate higher than the banks is pretty good, altough i'd never risk all my livesavings on one technology.

Like --Encrypted--  already said tough: dig up those usb's ASAP, put a password on those wallets and hide them somewhere completely different!
Maybe you're anonymous right now, but it could happen that in a couple of years, somebody learns who you are and where you live, and digs up your coins from your backyard...

[joe101]

i did put a password on the wallet file, i just did not use a hard one because i will forget,  

i am not too worried about anyone coming to my home and stealing my bitcoin because i have never met anyone in person from this website, and i don't plan to in the future,

i think it's 99% impossible for someone to know who i am or where i live,

[Jannn]

Did you put one bitcoin on each stick? What if they break? What if they all stop working after years? Why use USB and not paper?

[joe101]

i did not put 1 bitcoin in each stick,   i put the 5 bitcoins together on 1 wallet, then just copied it to all the usb sticks,  

i never thought about doing that, now that i think about it, it would've been a better idea of putting 1 bitcoin on each stick, just in case one fails,  

i used usb's because i don't know how to make a paper wallet,  it was really confusing and hard when i read it online, i also don't own a printer


i don't see why they would stop working,  they are all different brands of usb and the box is waterproof, i think i should ok,

[Yakamoto]

Well, assuming you actually followed through with this, you are either incredibly confident or incredibly stupid.

I'm not saying it is necessarily a bad investment, but you must be very confident in the future of Bitcoin and its ability to maintain value over long periods of time. $2300 USD is a fairly large investment, and I hope that you pay attention to the market and play it right so you can make some money off of it.

Good luck with your investment.

[calkob]

Think that might be a bit of overkill 

[PinkLlama]

All I can say is good luck with the investment. I also think that the Bitcoin price will rise in the future so I myself believe this was a good thing on your side. But there is a chance that the Bitcoin price will drop and you've just wasted all of your savings on nothing. Good luck anyway man.

[Gleb Gamow]

This is my dog. Not the real one but similar. He sniffs out buried bitcoins, especially if next to a birdbath about three feet deep.

[Baby Rage]

Did you put one bitcoin on each stick? What if they break? What if they all stop working after years? Why use USB and not paper?

paper would probably have been better. in 20 years we may not use usbs, but i am sure they will always be paper wallets. but good luck to you

[cryptoheadd]

I would recommend you to take them out and put them on trezor or something.

Else, just make a paper wallet and put it in your bank's safe/locker.

It's very risky, putting the coins in your backyard.
Lol

[Cantoner]

Well its insane to invest such money and let the luck decide what will happen into the future you should donwload a wallet,maybe eletrum and store your coins there,just getting the adress and the keys to acess it in case something bad happen but store at a fountain is insane ,i just hope we are neighbours .

[gagalady]

lol...hopefully your $3500 bitcoin will  not dropped due to block halving

[eternalgloom]

I don't know if it's really a good idea to use USB sticks for that, I would have made a paper wallet and laminated it.
You say you burried it? What if moisture reaches those USB sticks and they don't work anymore?

Not saying it's a bad idea to put your savings into Bitcoin, but I think you could have done it in a better way.

[Baby Rage]

I don't know if it's really a good idea to use USB sticks for that, I would have made a paper wallet and laminated it.
You say you burried it? What if moisture reaches those USB sticks and they don't work anymore?

Not saying it's a bad idea to put your savings into Bitcoin, but I think you could have done it in a better way.

they were water proof containers, but still, water finds a way.

[magemist]

I don't know if it's really a good idea to use USB sticks for that, I would have made a paper wallet and laminated it.
You say you burried it? What if moisture reaches those USB sticks and they don't work anymore?

Not saying it's a bad idea to put your savings into Bitcoin, but I think you could have done it in a better way.

They are in waterproof cases doubled if I am not mistaken.
He is a brave man indeed. Just hope he is not a kid that when his parents sell that house he has to move with them then forget about them by then.

[jt byte]

Atleast you kept one BTC on your cell phone
So all is not lost 

[Ultrafinery]

This is my dog. Not the real one but similar. He sniffs out buried bitcoins, especially if next to a birdbath about three feet deep.

This is me and my dog. Not the real me or my real dog, but similar.  



...actually scratch that, I lied. I don't have a dog.

[vincentvincent]

Don't worry. I think you put more thought in your security then a lot of us have done!

I think you wil do fine