Why I decided to create a Bitcoin time-lock vault and you might want to consider it too

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#1Feb 11, 2018, 06:02 PM
Let me share my experience. A while back, I sold my first bitcoins for around $3k each. I had two and it felt like a big win since I was using the cash to buy an apartment. Then there was another time when I put nearly all my savings in and made a decent profit, but of course, I bailed out too soon. Classic me, right? I always have the ability to buy the dip. I can chill with my USDT for a year, maybe two, just waiting for that perfect moment. Patience is my thing, but holding onto assets? That's a whole different challenge. I had 32 ETH when mining was winding down and I was actually mining myself. My plan? Simple: stake them and just live off the staking rewards. Sounds good, huh? But I sold them way too early, and honestly, it bugs me when I think about it. A few years back, I sent $300 to a BTC wallet and set a reminder on Gmail to send me the 12 recovery words on my 30th birthday. That’s next month, but who knows if Gmail will even pull that off? Plus, I don’t have access to that account anymore since I deleted it after making the schedule. That was my first go at locking myself away from my own money. I don’t really trust exchanges or any services that can freeze my funds whenever they feel like it. Once, I locked some cash in a bank for a year, with the deposits maturing one after the other. That was a pretty crazy experience because I ended up spending only what I had set aside for myself. That feeling of being forced to save? It’s something else.
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