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Author Topic: I spent all my saving on bitcoin, now i am broke  (Read 25385 times)
quintiilieo
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June 01, 2016, 08:12:43 AM
 #221

Do not spent a lot of amount just what you can afford to loose.  If you are on gambling then you are gonna be broke lately put some bitcoin and for your daily use. its about self control and self discipline where you can earn bitcoin think wise on it. Because as of now you cant eat food with bitcoin. So always be careful what you up to.  Shocked

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June 01, 2016, 12:00:13 PM
 #222

Did OP dig up all his coins yet?

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June 01, 2016, 12:11:34 PM
 #223

That should not feel good at all, losing all your saving like that. You only should have used the halve of your savings for Bitcoin. Now you are going to have to rely on the Bitcoin price to be high in the future.
But I guess there is no need to worry about any losses as per currently rising bitcoin prices.  In bitcoin history, all the investors who are ready to wait calmly, turned into happy investors along with bitcoin price appreciations.
OP also will turn to happy investor very soon due to halving.

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June 01, 2016, 12:46:48 PM
 #224

That should not feel good at all, losing all your saving like that. You only should have used the halve of your savings for Bitcoin. Now you are going to have to rely on the Bitcoin price to be high in the future.

I think, if he has a good strategy in the trade it is not influential to his life, in contrast to those who simply just wait without doing a sales strategy it can be bad in his life because he already does not have funds for the continuity of life
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June 01, 2016, 02:54:34 PM
 #225

You are maybe broke at this very moment but if the halving will be good and it will gain more trust globally this year you will earn a lot of profit this year without any doubts.

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June 01, 2016, 03:00:14 PM
 #226

You are maybe broke at this very moment but if the halving will be good and it will gain more trust globally this year you will earn a lot of profit this year without any doubts.

I'm thinking exactly the same thing its just a matter of time before you will gain bitcoins with profit again and have some good money.
You just have to stay believe in it.
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June 01, 2016, 03:28:00 PM
 #227

I also believe that after good halving you'll be much better off but still it was not a very thoughtful move to spend all your savings on Bitcoins. You must not put all eggs in one basket...
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June 01, 2016, 03:32:31 PM
 #228

That's a brave step.
In a couple of years the Bitcoin price shoudl have increased.
It is true that bankd sgive very small returns on investment so that may be a better (or worse) use for the money.
I am unsure of the point of the waterproof boxes as usb sticks are fairly resistant to most things on theeir own, however it will offer more protection.
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June 04, 2016, 11:35:16 AM
 #229

Coming back on the OP main Post and how he lost the coins,  USB sticks are very risky when it comes to hardwar malfunction or even there is a chance of Lost of the USB. there i recommend that we should not save wallets information of the USB. Paperwallet is a much better option till the time it is lost. So you need to be careful with that too.

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June 04, 2016, 12:07:28 PM
 #230

Coming back on the OP main Post and how he lost the coins,  USB sticks are very risky when it comes to hardwar malfunction or even there is a chance of Lost of the USB. there i recommend that we should not save wallets information of the USB. Paperwallet is a much better option till the time it is lost. So you need to be careful with that too.

he didn't lose anything as far as i understand from this topic!

and if you think about it, anything can be lost. even paper wallet can be burnt even if you laminate it it can still burn and be destroyed . the only thing left to do is to keep it in multiple places to have back up.

to the moon with bitcoin...
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June 04, 2016, 12:12:03 PM
 #231

Seems like you made very good investment.
You have already made over 500$ profit in just under 1 month!

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teddy5145
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June 04, 2016, 12:19:22 PM
 #232

This guy must be rich as hell now Grin
Thanks to the upcoming halving the price of the coins has been crazy ride recently
$574 x 5 = $2870 you got there

Hold it for a few weeks and the price might increase to $600
In fact our top price for today is near $600 level Wink

Happy weekends for us all Wink
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June 04, 2016, 12:23:40 PM
 #233

Is it ever a good idea to put all your eggs in one basket? You should dig that up now that we all know where it is. Then re-hide them in different places, not together.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf
Free bitcoin in ? - Stay tuned for this years Bitcoin hunt!
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June 05, 2016, 07:47:50 AM
 #234

This guy must be rich as hell now Grin
Thanks to the upcoming halving the price of the coins has been crazy ride recently
$574 x 5 = $2870 you got there

Hold it for a few weeks and the price might increase to $600
In fact our top price for today is near $600 level Wink

Happy weekends for us all Wink

I think it is better not to all your bitcoin now. The price could rise 5 to 10 times after the halving if the bitcon becomes more popular.

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June 05, 2016, 08:02:01 AM
 #235

I believe Bitcoin will rise more in the future so I guess OP did the right thing. He's already having some profit as was said above. Good luck in the future OP!

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June 05, 2016, 08:40:46 AM
 #236

Do you even get a profit from it? Try to cash out even 1 bitcoin only and try to gain it with your 5 btc
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June 05, 2016, 01:38:18 PM
 #237

"Broke" dude getting richer by the day.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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June 05, 2016, 03:13:15 PM
 #238

Is it ever a good idea to put all your eggs in one basket? You should dig that up now that we all know where it is. Then re-hide them in different places, not together.

Yes. And be sure to make a map where you buried all 5 USB.

You would not want to end like this guy.


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June 06, 2016, 08:18:08 AM
 #239

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.
Yeah some people do not know when to stop but I am sure that he has learned it know afetr he lost his savings, now he wont make the same mistake twice. I hope that it is not to late for him and he can pick it up again. 
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June 06, 2016, 08:23:04 AM
 #240

a new take on the old pirates burying the tresure Cheesy i think you did a good thing that bitcoins will be worth alot in the future!
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