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

[clickerz]

That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

I think he means prices go down after he bought bitcoin that they deposits of all fiat money that they have? yeah I also think that "is it I wrong in investing in bitcoin"? because I have to wait long to see the price go up. but you do not need to hesitate. bitcoin prices will surely rise. you just need to be patient

rading
Maybe that would be the case. But in investing in bitcoin, good timing is also another factor to consider. Just like trading, you have to check where the market is heading. Its volatile as prices goes up and down. Just wait,just ive time as in overall the price trending is going up.

[ardentvolcanoes]

No need to regret for it just because you have spent all your savings for bitcoin theres nothing wrong with it because you are now investing on bitcoin it is a good opportunity for you to hold it until the price gets to the higher price or you can use some of it whenever you are in need .

[shinratensei_]

That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

I think he means prices go down after he bought bitcoin that they deposits of all fiat money that they have? yeah I also think that "is it I wrong in investing in bitcoin"? because I have to wait long to see the price go up. but you do not need to hesitate. bitcoin prices will surely rise. you just need to be patient

it is better not to avoid investing in bitcoins i think because it will surely allow you to make some good money, in my opinion the price is definitely going to go up a lot

In the investing is having a two chance for you, first you will get a profit from them and the second you will lose you money. it's normal. well in this time the bitcoin starting to showed the effect of halving. maybe it's will became a good chance.

[Superways]

That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

I think he means prices go down after he bought bitcoin that they deposits of all fiat money that they have? yeah I also think that "is it I wrong in investing in bitcoin"? because I have to wait long to see the price go up. but you do not need to hesitate. bitcoin prices will surely rise. you just need to be patient

The price has now start to increase so you will not need to wait for longer to get the profit from bitcoin just wait for a little time and you will see when the effect of halving start the price will increase much faster.

[bravehearth0319]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

[takingthis4]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

[martinacar]

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

That is pretty bad that you are broke at the moment you always nee to have money left for other things you should not spend everything on Bitcoin.
I hope that you can sell some coins right now to make some money back.

[BeGoods]

That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

The halving happened already the previous week, the price till now not going up, but may be it will rise after few weeks.

yeah i think we just need to have a lot of patience right now and we will see a bigger growth pretty soon i hope it will allow me to make huge profit really easily

Yeah i think patience is the key of the success in every way, now what i do is keep bitcoin at my wallet to expected can sell at the high price.

Lol patient is not the key to success for all methods. my friend is a patient man you know but he is not a hard worker and he was always
patient to wait for work calls. but he did not ever received a call that? Lol patient is as a supplement. not as a key to your success

[Zadicar]

That is really bad because now the halving is going to come soon and there is chance that the price will rise after the halving but you have just lost all your coins.
Not sure on what you should do right now because you are in a tough situation.

The halving happened already the previous week, the price till now not going up, but may be it will rise after few weeks.

yeah i think we just need to have a lot of patience right now and we will see a bigger growth pretty soon i hope it will allow me to make huge profit really easily

Yeah i think patience is the key of the success in every way, now what i do is keep bitcoin at my wallet to expected can sell at the high price.

Lol patient is not the key to success for all methods. my friend is a patient man you know but he is not a hard worker and he was always
patient to wait for work calls. but he did not ever received a call that? Lol patient is as a supplement. not as a key to your success

^^ you got it pal. Patience is not always a key to success as he compared to the situation that he stated.  Patience is only a supplement. We cant rely too much out of it if we dont make any effor or actions into it. There are advantages and disadvantages   things could happen if patience been used.

[yenxz]

I will wait for high prices and I would take it out and sell 50 % of it to make my initial investment back . I would buy a safe deposit box at the bank
and keep a copy of the coins at the second location .

an other environmental disasters may expel the time capsule belongs to you and you may need to have a backup plan to reimburse them
when it happens

[LucioTan]

I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck

[bitlancr]

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

That is pretty bad for you if you have spend all of your savings on Bitcoin, you should not have done that because you will have to have money on the side.
There can always happen something were you going to need the money.

[dunfida]

I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck

It's not to late bro to start all over again since btc price is on stable state. Just save btc as much as you can and for sure it would benefit you someday. Never ever to invest your btc on hyips and don't play gambling coz both this things would make your btc fly away. Better to hold than to risk it on hyips.

[ASHLIUSZ]

I'm so much relate in this topic because i lost all my funds in btc because of gambling and HYIP that's why i've learn to be wise on how to invest my btc especially in HYIP and now i'm starting all over again but this time i stop gambling and despite of all scam on Hyip i'm still investing but not all my btc, i've learn that it's better to use your brain than to depends on your luck

It's not to late bro to start all over again since btc price is on stable state. Just save btc as much as you can and for sure it would benefit you someday. Never ever to invest your btc on hyips and don't play gambling coz both this things would make your btc fly away. Better to hold than to risk it on hyips.

We should always be conscious in saving our money. If you are interested in investments you can do it, just start investing with very little amount so that it won't hurt you more if you afford to lose. Savings should always be savings.

[dippididodaday]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

[Mzie]

What if after 5 years bitcoin is worth $0.001?

[sbtctalk]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot.

[Decoded]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot.

Because bitcoin is fairly new and has new improvements and developments in the community every month. Bluechips? No. ETFs.

[takingthis4]

Spending all your money in bitcoins was a goos idea but there is a big risk of it.  Why? especially nowadays not all countries adopting it, maybe for now much better to go ride on in the trend  in bitcoin world. For us to avoid to broke situation.

it wasnt a good idea at all, you should only invest into bitcoins the money you can afford to lose because no one can predict the price and then you might become broke

bitcoin is proto - the first of a new way of transacting. There are also other coins to invest in. I prefer to spread risk and not put it all in one bitcoin basket, especially since the high price of bitcoin can have dramatic ups and downs and influence the dollar worth of your coin. And yes only put in what you can loose without going broke.

It should be spread across Bitcoin, gold, bluechips and other stable investments. Bitcoin is the most unstable of the lot.

Because bitcoin is fairly new and has new improvements and developments in the community every month. Bluechips? No. ETFs.

thats true, in my opinion the improvements are going to be done to bitcoins all the time and i doubt that anything will change

[Jambolb2]

Investing your savings into bitcoin is not actually a bad idea but i'm not sure if the way you have kept them is a good idea or not..
Maybe you should not have buried them and kept them somewhere else which you consider safe in your house..