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

[DOGE12321]

That is some deep stuff. I see that you have a lot of faith in BTC and you really do believe that the price will go up. I believe that the price will go too. I wish you luck and I wouldn't have advertised this on the forum. There might be like hackers and other untrustworthy people in the forum that might try get the money. But still, BTC is a good investment.  

[1714792383]

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[1714792383]

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[tobacco123]

If i were you, I will print a paper wallet and laminate it. Maybe the OS in 20 years will not recognize your USB drive anymore and the corrosion will destroy the electronic inside.

[yenxz]

i see you have try to gambling with 5 Bitcoin you have,i said like that because we all never know what will happen in 20 years later,is bitcoin going up so high or down so deep,i wish you have backup of private keys,becuase ground ca be moving by earthquake

[Blacula X]

Even the best USB sticks fail over time. What price where they each and how long do you plan on leaving them buried underground potentially exposed to dampness?

It's 20 years later. USB ports as common BNC connectors on Ethernet cards. That's OK, because the USB stick is useless -- corroded apart because yeah, condensation is a thing. But that's also OK because no one remembers bitcoins.
"You mean those plushy bears Ty Warner made in the early aughts?" they ask you, "Really big with all the old ladies?"

[23dzmaz]

I don't know is it really good ways to saving your bitcoin or not, but i think it's to risky to buried your bitcoin. Why not you save it on paper wallet or something for safety than that.

[The Sceptical Chymist]

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.

Even if OPs story is true, the chances of anyone on this forum recognizing that bird bath are slim.  If you had a talented doxxer, though...

[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.

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.

"What is your dirt doing on Boss King's birdbath?"

[bitcoinblog]

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

[Searing]

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

dig them up..put them on paper wallet....put in a bank safety deposit box (my brother is co-signer my such keys  if i get hit by a truck) cost for a very very large box is 60 bucks a year and useful for the house abstract (in case of fire) passport and other stuff as well

no fuss..no mess

[Holliday]

https://en.wikipedia.org/wiki/Data_degradation

[Hirose UK]

you basically just announced where you hid your private keys to everyone.

that's what I thought. probably there will be bad guy out there who is reading this thread thinking how to get your private key.

OP I suggest you to look for a new save place to hide it and don't tell anyone, but 2 people you trust

[Kakmakr]

I will wait for the price to increase and if it doubles the rate you bought it at, I would take it out and sell 50% of it to make my initial investment back. I will then buy a deposit box at a bank and store a copy of the coins in a second location.

A flood or some other environmental disaster might dislodge that time capsule of yours and you might need to have a backup plan to restore those coins, when that happens.

[Kairoz]

So much paranoia and fear in this thread.
Just consider using a paper wallet and don't forget you buried 5 BTC.

Don't worry for the money, you eventually will recover it and you will still have the chance those 5 BTC go to the moon.

[Junko]

OP, I would like to send you a free pamphlet with detailed information about safe bitcoin storage. Can you pm me your address so I know where to mail it to you?

[jak3]

i dont think that much of work was needed there are still some chances that those usb sticks can be damage in course of time because desasters dont come by saying. suppose an earthquick hit your bird fountain and your bag was crused on that ground
by the way good luck with your investment

[USB-S]

https://en.wikipedia.org/wiki/Data_degradation

But what are the real odds of a usb stick wiping itself. It's like 1 to a 100billion? Especially if you have 2 sticks.

However the idea itself is really neat op. I like your story. But you should make a backup of those sticks just in case. Data doesn't exist if it isn't stored in at least two places.

[Herbert2020]

...i took out all my saving from my bank.....
....Was this a bad idea?   ....

yes it was a bad idea.
why? because you have invested all your money. it doesn't matter what you invest in (bitcoin, altcoin, gold, stocks,....) it is never a good idea to go all in. but on the other hand $3500 is not that much.

[qiwoman2]

LOL I actually love the story. I think you did well in purchasing some bitcoin and exchanging your fiat savings. In the bank the fiat will only go down in value anyway but with Bitcoin you always have the chance that it may appreciate in value over the long term. I would diversify your next savings into gold or other digital currencies as well, so you have a good hedge. 

[saiha]

I think op you just need to collect again and back to zero, just be eager in collecting btc again and don't think that you are broke,
Just think positive that you can accumulate again bitcoins for the coming halving.

[kpitti]

This is good story. I just think we will not get information how it went in 20 Years when you pickup your stuff from there and try to recover it.
May be you need to search for some old IT to read USB sticks.
May be ... it`s not that good idea.