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Author Topic: I spent all my saving on bitcoin, now i am broke  (Read 25383 times)
Daniel91
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September 08, 2016, 03:02:05 PM
 #401

Well, this was very interesting to read.
I think that you reacted to emotionally.
There is no such thing as ''get rich over night''.
You should look in bitcoin as long term investment and don't expect to fast results.
Do you remember that value ogf bitcoin was less than 1 $ in the beginning?
Can you compare it with today's value of BTC?
So, please don't loose hope in bitcoin and more importantly, don't forget passwords for this 5 Bitcoin Smiley
You will need it very soon Smiley



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September 08, 2016, 03:38:49 PM
 #402

How can you be broke if you have 5 Bitcoins? Maybe that's not fiat money but still it's value you can easily use. Consider this as an investmnent, a good one. If something urgent happens you can always turn this Bitcoins into money but try not to do this. Just keep them and wait.

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September 08, 2016, 04:26:23 PM
 #403

Considering his plans since he dont wanna to pick the bitcoins and just exchange them, currently he is with 800 dollars of profit, as the op said the 6 bitcoin he would be spending online, this history is something great to keep follow over the years, as long the op doesnt pick the coins and sell them, but even doing that, people may read later what some crazy people done with their bitcoins and the sucess they achieve.
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September 08, 2016, 04:44:09 PM
 #404

Well it looks good that you have worked so much on it.but it is very very unsecure place bit yes it have very very less possibilty that any can guess about that place except some gold finding machine

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September 08, 2016, 04:55:45 PM
 #405

I think its not wise to spend all your saving to buy bitcoin, eventhough bitcoin is a promising investment but its not a certain things, i think its best if you only invest 30% of your saving, not your entire saving, and to make it worse you posted the picture where you keep your coin

why not? as he explained it it is only money and he can and will make more in the future. if he is certain that bitcoin is the way to go, then why not. so far he is right price is 25% up since he bought, even with the latest dumps. as fare as the picture goes i do not think it is a big deal and we even do not know if it is true. could be a good deception.

It is still not wise to put all your money on a single investment. It is best to diversify it. If things got worse then he lost all his money. That money is  hard to earn back even if you have a good job. If you have a few investments, if one fail the others will cover the loss.

Well maybe op just thinking that if he is going to do that the profit is going to be big. But that is really not a good thing that he is going to spend all of his savings. That is why we are saving so that we are going to have assurance for our future and we can get something if there is an unexpected crisis is going to happen with us.

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September 08, 2016, 05:07:01 PM
 #406

I think its not wise to spend all your saving to buy bitcoin, eventhough bitcoin is a promising investment but its not a certain things, i think its best if you only invest 30% of your saving, not your entire saving, and to make it worse you posted the picture where you keep your coin

why not? as he explained it it is only money and he can and will make more in the future. if he is certain that bitcoin is the way to go, then why not. so far he is right price is 25% up since he bought, even with the latest dumps. as fare as the picture goes i do not think it is a big deal and we even do not know if it is true. could be a good deception.

It is still not wise to put all your money on a single investment. It is best to diversify it. If things got worse then he lost all his money. That money is  hard to earn back even if you have a good job. If you have a few investments, if one fail the others will cover the loss.

Well maybe op just thinking that if he is going to do that the profit is going to be big. But that is really not a good thing that he is going to spend all of his savings. That is why we are saving so that we are going to have assurance for our future and we can get something if there is an unexpected crisis is going to happen with us.
Yeah right if you are doing savings don't spend if its not important unless if you use your savings for your own business that you know that you can make more profit than saving your bitcoins.. this is wise way to make you increase the amount of your bitcoins.
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September 08, 2016, 05:10:13 PM
 #407

I think its not wise to spend all your saving to buy bitcoin, eventhough bitcoin is a promising investment but its not a certain things, i think its best if you only invest 30% of your saving, not your entire saving, and to make it worse you posted the picture where you keep your coin

why not? as he explained it it is only money and he can and will make more in the future. if he is certain that bitcoin is the way to go, then why not. so far he is right price is 25% up since he bought, even with the latest dumps. as fare as the picture goes i do not think it is a big deal and we even do not know if it is true. could be a good deception.

It is still not wise to put all your money on a single investment. It is best to diversify it. If things got worse then he lost all his money. That money is  hard to earn back even if you have a good job. If you have a few investments, if one fail the others will cover the loss.

Well maybe op just thinking that if he is going to do that the profit is going to be big. But that is really not a good thing that he is going to spend all of his savings. That is why we are saving so that we are going to have assurance for our future and we can get something if there is an unexpected crisis is going to happen with us.

Even if the expected profit is large, it is still uncertain. No one can say can tell what bitcoin will become except time. Going all in is a bad move (in my opinion). Maybe 50% of his savings was enough, that is still a large amount if it doubles or triples.
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September 08, 2016, 05:13:09 PM
 #408

yeah bitcoin is still really new in my opinion and i think it is going to grow a lot in the near future, i hope i will have a lot of money out of bitcoins

Bitcoin is money.

i can't agree more with you about the fact that bitcoin is indeed money, but that's not the case for a lot people here. they only start to see money as soon as they cash out their coins. these people treat bitcoin only as a tool that allows them to earn money, and that's it.

Those people who do not have much knowledge about the uses of bitcoin will not consider it as money while those who know much about it really consider it as money, as they are able to buy any thing with bitcoin they want to buy online with money, there are some sites which will buy thing s for you from different sites with your bitcoin and with debit card it becomes fact that bitcoin is money.
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September 08, 2016, 05:31:33 PM
 #409

Now you should buy a gun and wait for your BTC hunters from this forum ) PROTECT THE FOUNTAIN )
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September 08, 2016, 05:43:41 PM
 #410

yeah bitcoin is still really new in my opinion and i think it is going to grow a lot in the near future, i hope i will have a lot of money out of bitcoins

Bitcoin is money.

i can't agree more with you about the fact that bitcoin is indeed money, but that's not the case for a lot people here. they only start to see money as soon as they cash out their coins. these people treat bitcoin only as a tool that allows them to earn money, and that's it.

Those people who do not have much knowledge about the uses of bitcoin will not consider it as money while those who know much about it really consider it as money, as they are able to buy any thing with bitcoin they want to buy online with money, there are some sites which will buy thing s for you from different sites with your bitcoin and with debit card it becomes fact that bitcoin is money.
Yeah for now they didn't know more about bitcoin but i think in few years we will see the importance of bitcoin and benefits they can get in bitcoin..
Also i saw some sites right now almost site that i know for publisher they are now paying for bitcoins.
So more online store will accept bitcoin as payment.

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September 08, 2016, 06:20:20 PM
 #411

For me it was a bad idea if you save almost all backups private keys or any important to save in usb..
Honestly if you didnt use the usb it can be destroy by itself.. just like in my 10 usb stick that i didnt use for almost a year and 3 of them are can still use but the 7 usb stick are corrupted or it can not use anymore. .



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September 09, 2016, 12:52:17 AM
 #412

For me it was a bad idea if you save almost all backups private keys or any important to save in usb..
Honestly if you didnt use the usb it can be destroy by itself.. just like in my 10 usb stick that i didnt use for almost a year and 3 of them are can still use but the 7 usb stick are corrupted or it can not use anymore. .
Well the op has been warned about that issue, soo he should act accordingly those warnings. I dont feel safety making anything near or similiar op, my coins are stored into some online wallet, as well some exchange, i doubt i would risk loose my investment this way.
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September 09, 2016, 12:59:08 AM
 #413

With the advent of Pokemon Go (and its parent company Google) all we have to do is wait a while and feed the image of your birdbath into Google's search engine and it'll tell us where you are - exact GPS coordinates.

Someone's already taken an archive snap shot of your birdbath http://archive.is/https://bitcointalk.org/index.php?topic=1465634.0 so it looks like the wait is on...

5 BitCoins are now worth $ 3,134 so you haven't really lost anything yet.
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September 09, 2016, 08:12:06 AM
 #414

It's good to invest in btc. You could get 2 to 5 times profit if you could use the bitcoin in systematic way. Like in trading, or though mining in coince.
You should be really clever to make extra money with bitcoin.

Instead of buying something you should use bitcoin to earn extra money. You could buy with your paper currency
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September 09, 2016, 08:26:14 AM
 #415

Its not so smart to invest all your money you are having into the bitcoin, its stays a investment and it can go down if the bitcoin does not has a good period.
You can better in my eyes invest around the 20% of your savings but not more than that.. its too risky.
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September 09, 2016, 08:35:55 AM
 #416

I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.
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September 09, 2016, 08:41:02 AM
 #417

Its not so smart to invest all your money you are having into the bitcoin, its stays a investment and it can go down if the bitcoin does not has a good period.
You can better in my eyes invest around the 20% of your savings but not more than that.. its too risky.

Well if you are going to invest all your money to bitcoins that is going to be risky at all and somehow if you are going to do it without having some plans and goals for sure you are going to be end up like broke. But if you know what you are doing and you are sticking with it then for sure you are going to have good profit out of it.

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September 09, 2016, 09:40:54 AM
 #418

I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.
Because some website are offering some good pay backs where they can easily grow your money in month or weeks depends on what you offer you choose on their website sometimes people are too greed of wealth where they don't think the risk they facing of to be honest trading is much more better than investing Smiley

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September 09, 2016, 09:46:31 AM
 #419

I also can not understand why you are investing all your savings into the bitcoin its a risk and its just stupid to do this to be honest..
You can better invest a smaller amount to play it save these days, the bitcoin is unpredictable.

Exactly not sure if serious or not but yeah that sucks man, next time dont put your whole networth into the bitcoin cause anything can happen.
You can start up again and try to get a bigger pocket by trading, its risky etc but you dont have much to lose anymore.
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September 09, 2016, 10:08:24 AM
 #420

This is one of the most original ideas i've seem here in the forum. It's like a future capsule (like many people did in 1999). Very cool bro... Hope you don't forget it when you move from this home. Let's hope for a appreciation of BTC based in the diff (what seems pretty logical) in long run.


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