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Author Topic: I spent all my saving on bitcoin, now i am broke  (Read 25381 times)
Druze
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May 15, 2016, 02:26:04 AM
 #141

since you only left yourself with $100 i hope that you play the market right and walk away with some profit instead of loosing $2300

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May 15, 2016, 05:43:44 AM
 #142

This explains some people tries to dig up bird fountain when nobody is watching. Thank you
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May 15, 2016, 09:07:37 AM
 #143

Bird fountain?! Why u dont invest at gold or something oil futures (New York Light, rental property, forest etc)  Shocked Corrosion is one problem with 20 years on your yard  Huh

Gold has always had a stable value and I don't think one could earn a lot of profit from it, on the other hand Bitcoin has a volatile value and it's possible that it could yield a higher % profit in the future. It's a gamble but stocks or oil futures are a gamble as well, nothing is set in stone and everything could change at any time. However keeping gold safe at your home would require a lot more efforts than simply putting a paper wallet or a hardware wallet in a box and forgetting about it for a while.
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May 18, 2016, 03:23:46 PM
 #144

That is not a smart thing to do because now you are no where, this is what I mean with gambling messing up your life. People need to understand that gambling can really mess things up in your life.
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May 18, 2016, 03:58:40 PM
 #145

Bird fountain?! Why u dont invest at gold or something oil futures (New York Light, rental property, forest etc)  Shocked Corrosion is one problem with 20 years on your yard  Huh

Gold has always had a stable value and I don't think one could earn a lot of profit from it, on the other hand Bitcoin has a volatile value and it's possible that it could yield a higher % profit in the future. It's a gamble but stocks or oil futures are a gamble as well, nothing is set in stone and everything could change at any time. However keeping gold safe at your home would require a lot more efforts than simply putting a paper wallet or a hardware wallet in a box and forgetting about it for a while.
Gold does not ever break if you leave it outside. Long after your usb is gone gold is still there.
Keeping gold safe is very easy, like a hardware wallet you can put it in a box and forget about it for a while.
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May 18, 2016, 04:07:36 PM
 #146

This is very brave and very stupid in the same time. But for me you are hero in any case, you saw opportunity and you decided to try your chances.
I think big possibility is that you will be successful in this, just be careful when to stop and cash out. Don't be greedy. Good luck and update us with your progress.



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May 18, 2016, 04:12:41 PM
 #147

This is very brave and very stupid in the same time. But for me you are hero in any case, you saw opportunity and you decided to try your chances.
I think big possibility is that you will be successful in this, just be careful when to stop and cash out. Don't be greedy. Good luck and update us with your progress.

its a bad thing to make decisions like this, i mean invest as if you are gambling. you should always be sure (at least 90% sure) before investing in the first place not just jump in without knowledge.

Buying the dip...
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May 18, 2016, 04:16:34 PM
 #148

Bird fountain?! Why u dont invest at gold or something oil futures (New York Light, rental property, forest etc)  Shocked Corrosion is one problem with 20 years on your yard  Huh

Gold has always had a stable value and I don't think one could earn a lot of profit from it, on the other hand Bitcoin has a volatile value and it's possible that it could yield a higher % profit in the future. It's a gamble but stocks or oil futures are a gamble as well, nothing is set in stone and everything could change at any time. However keeping gold safe at your home would require a lot more efforts than simply putting a paper wallet or a hardware wallet in a box and forgetting about it for a while.
That's one reason lay people prefer to invest in gold as gold prices are stable strong and not easily broken but for the people who already know they will choose bitcoin because can get profit more quickly.

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May 18, 2016, 04:37:07 PM
 #149

This is very brave and very stupid in the same time. But for me you are hero in any case, you saw opportunity and you decided to try your chances.
I think big possibility is that you will be successful in this, just be careful when to stop and cash out. Don't be greedy. Good luck and update us with your progress.

its a bad thing to make decisions like this, i mean invest as if you are gambling. you should always be sure (at least 90% sure) before investing in the first place not just jump in without knowledge.

i dont think he did jump without being sure... it's a great time to invest in bitcoin because of halving. But it will be always risky.
And gambling it's good too(well.. at least for me)  Tongue
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May 18, 2016, 04:47:38 PM
 #150

Didn't I read on another thread that USB stick don't hold data forever?  The post said something about they can't be used for long term storage because if they aren't plugged in to a computer for several years, they don't have power to save the data.  I don't know if that is true or not, someone please confirm.  I suggest burying a paper copy of your public and private keys with it (you may have done this too).

 
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May 19, 2016, 03:10:18 PM
 #151

That is not he smartest thing to do because know you have no money left and have to start from the bottom again. This is why you should know when it is enough and when to stop with gambling. You should just walk away from it.
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May 19, 2016, 03:23:12 PM
 #152

At first, I think you're telling the truth. But after reading about the "bird fountain", I suddenly smelled a lie.

faucet used to be profitable
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May 19, 2016, 04:12:46 PM
 #153

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








you should hope that nobody near you reads your post or else your bitcoins might be in danger, and  i think that you did a risky move by spending your all money on bitcoins

but i am pretty sure that you will be rich after 20 years when you will sell these bitcoins then, as for example halving this year will rise price for sure so after some price rises you will be rich

 
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May 19, 2016, 04:50:29 PM
 #154

At first, I think you're telling the truth. But after reading about the "bird fountain", I suddenly smelled a lie.

yeah, i had the same feeling when i read it. it looks more like a troll attempt and people are falling for it anyways.


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May 19, 2016, 04:54:26 PM
 #155

Sounds like a troll post. But just to make sure, I will be sure to see if the pictures have GPS and then dig up the ground under the bird bath, maybe if hes used a weak password as stated then brute force it, and presto! My spend if I can get the GPS co ordinates? A flight to the US and the travel to his location and some accommodation, id still be in the black! But not by much. Better ROI than the KNC Neptune.

On a serious note, I smell BS.
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May 19, 2016, 05:00:38 PM
 #156

That is not he smartest thing to do because know you have no money left and have to start from the bottom again. This is why you should know when it is enough and when to stop with gambling. You should just walk away from it.

Yeah as quoted it doesn't looks to be the right decision to spend all hard earned money into bitcoin. The reason is that none is sure about the future price or about the digital currency survival. Its better to invest in a diverse manner.

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May 19, 2016, 05:25:52 PM
 #157

That is not he smartest thing to do because know you have no money left and have to start from the bottom again. This is why you should know when it is enough and when to stop with gambling. You should just walk away from it.

Yeah as quoted it doesn't looks to be the right decision to spend all hard earned money into bitcoin. The reason is that none is sure about the future price or about the digital currency survival. Its better to invest in a diverse manner.

I am agree with you that wasting all of your goods on unstable thing is not right but if he will get what he want or just wait for halving he will get profit from bitcoin.

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May 19, 2016, 05:36:40 PM
 #158

If your waiting for the halving, why bury it under a bird bath? : )
This is kinda making me laugh. It is funny, it IS a troll post, I am certain.
sbtctalk
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May 19, 2016, 10:31:08 PM
 #159

If OP get rich with BTC one day, he may write a book on how he hid his riches.

But OP is pretty creative! But did you put your stuff into an air tight zip lock bag?

13Sk3gsQ1ogrzmyt3xMVvByxcUvZr98kKN
bitlancr
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May 19, 2016, 11:34:30 PM
 #160

You are maybe now broke but you just have to keep your bitcoins and stay believing in it, the halving is close and you will make a lot of profit after this, just hang on and wait on it you will gain a lot of money again.
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