joe101



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MemberActivity: 69Merit: 10 I spent all my saving on bitcoin, now i am broke May 08, 2016, 07:30:51 PM #1



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













well i have good news or bad news, this week i took out all my saving from my bank 3500 and bought some bitcoini 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 2300USDThe 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 forgetbut 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 moneyanyways.. it's just money.. i'll save some morei figure in the future, it might be way too expensive to own even 1 bitcoin,i am now a proud owner of 5 bitcoinsthis is my bitcoin story,here are some pictures of the box and bird fountain, its not the exact ones that i own but similar Donate: bc1qaa5ye4cc3479qhk43zgut0wa5ykvwus40xg8pt

merelcoin



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Hero MemberActivity: 675Merit: 503 Re: I spent all my saving on bitcoin, now i am broke May 08, 2016, 07:38:29 PM #3 wow, talking about taking a leap of faith... I think the chance of getting an intrestrate higher than the banks is pretty good, altough i'd never risk all my livesavings on one technology.



Like --Encrypted-- already said tough: dig up those usb's ASAP, put a password on those wallets and hide them somewhere completely different!

Maybe you're anonymous right now, but it could happen that in a couple of years, somebody learns who you are and where you live, and digs up your coins from your backyard...

joe101



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MemberActivity: 69Merit: 10 Re: I spent all my saving on bitcoin, now i am broke May 08, 2016, 07:45:58 PM #4 i did put a password on the wallet file, i just did not use a hard one because i will forget,



i am not too worried about anyone coming to my home and stealing my bitcoin because i have never met anyone in person from this website, and i don't plan to in the future,



i think it's 99% impossible for someone to know who i am or where i live,





Donate: bc1qaa5ye4cc3479qhk43zgut0wa5ykvwus40xg8pt

joe101



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MemberActivity: 69Merit: 10 Re: I spent all my saving on bitcoin, now i am broke May 08, 2016, 07:54:13 PM #6 i did not put 1 bitcoin in each stick, i put the 5 bitcoins together on 1 wallet, then just copied it to all the usb sticks,



i never thought about doing that, now that i think about it, it would've been a better idea of putting 1 bitcoin on each stick, just in case one fails,



i used usb's because i don't know how to make a paper wallet, it was really confusing and hard when i read it online, i also don't own a printer





i don't see why they would stop working, they are all different brands of usb and the box is waterproof, i think i should ok,





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Yakamoto



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LegendaryActivity: 1218Merit: 1007 Re: I spent all my saving on bitcoin, now i am broke May 08, 2016, 07:55:45 PM #7 Well, assuming you actually followed through with this, you are either incredibly confident or incredibly stupid.



I'm not saying it is necessarily a bad investment, but you must be very confident in the future of Bitcoin and its ability to maintain value over long periods of time. $2300 USD is a fairly large investment, and I hope that you pay attention to the market and play it right so you can make some money off of it.



Good luck with your investment.

PinkLlama



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Full MemberActivity: 186Merit: 100 Re: I spent all my saving on bitcoin, now i am broke May 08, 2016, 08:03:06 PM #9 All I can say is good luck with the investment. I also think that the Bitcoin price will rise in the future so I myself believe this was a good thing on your side. But there is a chance that the Bitcoin price will drop and you've just wasted all of your savings on nothing. Good luck anyway man. Developing great Bitcoin tools for the community