Bitcoin Forum
September 17, 2024, 04:39:21 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
Author Topic: How safe is it to keep your money and gold underground?  (Read 813 times)
boyptc
Hero Member
*****
Offline Offline

Activity: 3122
Merit: 681


casinosblockchain.io


View Profile
June 01, 2024, 06:52:38 PM
 #141

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

darkangel11
Legendary
*
Offline Offline

Activity: 2478
Merit: 1360

Don't let others control your BTC -> self custody


View Profile
June 01, 2024, 07:43:48 PM
 #142

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

Cookie box will rust and that rust will deposit on your coins. Great idea if you want to spend some time cleaning them after you dig them out.
Also, imagine the box rusting all the way through and some of your coins getting lost deep in the dirt.
There are so many ways to store valuables other than putting them in the ground.

boyptc
Hero Member
*****
Offline Offline

Activity: 3122
Merit: 681


casinosblockchain.io


View Profile
June 01, 2024, 08:46:11 PM
 #143

Coins that are put in grannies cookies box are safe. But if they're going to be cash, maybe in less than a week, they're already destroyed.

I am aware of that technique but if you're living in a crowded city and you're just renting an apartment, I'd put that on a bank.  Cheesy

And that will serve as emergency fund but if I already have one, I'd place that on Bitcoin no doubt much better and safer if the people like me knows how to keep it.

Cookie box will rust and that rust will deposit on your coins. Great idea if you want to spend some time cleaning them after you dig them out.
Also, imagine the box rusting all the way through and some of your coins getting lost deep in the dirt.
There are so many ways to store valuables other than putting them in the ground.
The components of the coins might also rust but it won't put that much damage on it. They're sturdy.

You're right about other ways of storing our coins but others want it the old fashioned way but I won't do this.

It's true that they might get lost along the way and who knows if you're living on a land that's moving over the period of time, yes, this is possible. Lands can also move a few inches away.  Grin

Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!