A friend sent me .03 BTC - what to do now? - page 12.

Hopeful2017

member

Activity: 238

Merit: 10

Greentoken-invest in ecology

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

That's a good gift from your generous friend. If I were you, I will keep holding the bitcoin because the price will soon to increase. Anyway that is a gift and you must make it grow so that you can also return a gift to your friend. Invest it.

JennetCK

full member

Activity: 305

Merit: 100

[PROFISH.IO]

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

It up to you dude if you will cash out that btc. It depends if you want to invest. Maybe you should try to invest the half and cash out the other half. $ 500 is a big amount but if you invest it, who knows? Tomorrow it will be $ 550 or $ 600.

crypto4liife

newbie

Activity: 29

Merit: 0

Well for me a 100% friendly advice to you is you should learn how to earn in bitcoin and other currencies there are lots of individuals that started in crypto world lower than what you have. They research, studied and loads bunch of information before investing and they had not just been rewarded but changed their lives dramatically. I just seen that this message is a month ago now and i am hoping that youre already into investing now because crypto world is worth investing for but you should at least know what you have been doing. Because just like in any kind of investment there are no perfect way and knowledge is power for you to be able to succeed i wish you best luck in life May God bless us all!

gabbiee

full member

Activity: 167

Merit: 105

Quote from: dimastegar on January 17, 2018, 07:25:41 PM

0.03 Bitcoin is a fairly large number. Maybe if you use it for trading Altcoin, Bitcoin you have can increase. But with great risk. Bottom line, it's up to you because it's your money.

I agree, 0.03 bitcoin can already be used as a capital on trading alt coins. There are a lot of alt coins in the market in which they have potential on being successful in the future. If you start to trade now your money will be doubled and you'll get hook on trading because of the profit you'll be getting every day.

AdamRay

member

Activity: 406

Merit: 10

With 0.3 btc you can split it into two parts to invest. The part you use to invest in ICO projects that you feel good, the rest you use to buy some good coin is low price and keep it for a while. For ICO projects you should remember to study carefully before making an investment decision as there are too many ICO projects on the market.

ardyology

full member

Activity: 238

Merit: 101

Escorting Meets The Sharing Economy

The answer is always based on what do you plan to do with your life. I'm pretty sure you have a lot of goals, be it short, midterm or long term goals. However, like what you said 500USD is a lot of money already and you can buy things for you with that amount. And I can vouch that 500USD is so easy to splurge. Since you are asking us, I could advise you to start learning about coin trading. You can start with that as a capital and I can assure you that you could grow that money in no time - given the right strategy of course.

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

0.03 Bitcoin is a fairly large number. Maybe if you use it for trading Altcoin, Bitcoin you have can increase. But with great risk. Bottom line, it's up to you because it's your money.

Bambinoe

full member

Activity: 168

Merit: 100

Trade it to get some ETH so you can buy some prospective ERC 20 tokens.

janaiz

member

Activity: 169

Merit: 10

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Bro. If I have .03 btc like you, I will hold the half of it and wait to increase more and the other half I will invest it in exchange so it will grow up and use it in the future.

LegGekkouga

member

Activity: 77

Merit: 10

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Give it to me hahaha nah just kidding. Its up to you sir, if you want a bigger value for your bitcoin then hold it, but if you want to buy something then get it. It really depends in you.

Prince Edu17

member

Activity: 420

Merit: 28

Man my suggestion is use your bitcoin in trading, your 500$ will be double triple or maybe more, just read in the forum there's a tutorial how to trade

DySWv

member

Activity: 164

Merit: 10

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Well, I hope you did not convert it to fiat currency yet because nowadays the price of Bitcoin is at a low price. What you should do now is to be patient. Let it rest in your wallet for now. Just wait until the price of Bitcoin goes to the moon. Someday, your 0.03 Bitcoin will be equivalent to a large value.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: hasmukh_rawal on December 13, 2017, 01:41:18 AM

Quote from: Hawk77 on December 13, 2017, 01:28:43 AM

Thanks for the kind remarks and to everyone else for their valued input.
Thought I'd let everyone know I cashed out ~$400 worth and left roughly $150 to let it ride.
I made this decision based upon the holidays coming up and $400 would help out quite a bit.
However, I'm excited to see the $150 appreciate some nice value

While $500 was a decent amount of BTC to hold I would have holded it for a few months to let it rise. You should have holded the money if you were able to afford the expenses from your fiat amount. Who knows, the $500 you had could have turned into $1000 in a few months. The $150 you hold now just turn into $300 if the above scenario came true. Though $150 is an average amount to hold it would have made a big difference with the $500 as the larger amount, the larger profit.

Not when there are pressing needs and no other major source of income, in that case, cashing out $400 was well worth it, so now, he can afford to take his eyes off the balance of $150 for a long while. You can never have it all!

If you're open to risk taking, you take some of the coins to your freebitco.in account if you have one, to benefit from its 4.08% annual interest on your balance, by holding any amount as from 30k satoshi and also you stop by every one hour to pick the free money from the faucet, which is without captcha. Note I did not suggest, you go playing the dice game because you might end up back at one.

GeviraBrooks

newbie

Activity: 25

Merit: 0

I would sell it and buy etherium, research market a bit more and buy some more altcoins. No point in sitting with only bitcoin.

Erlinda Santiago

full member

Activity: 266

Merit: 100

Wow thats great its a good start of trading bitcoin or investing what ever you like to do with that but if you need mobey so bad you can cash it out so it can helps on you needs because it worths a much

zemb

member

Activity: 168

Merit: 11

I think you must Hold it. You have a chance of a lifetime there. Bitcoin is gradually growing up. And your money is also going up. You are making a profit by doing nothing.

eann014

hero member

Activity: 1078

Merit: 501

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Why your friend did send you .03 btc? Is that bitcoin really yours now? or he just let you hold it for him? Well, if that's already yours now. You can invest some of it and some of it you can cash it out especially if you want to buy something stuff. That is already yours and that is already a free bitcoin of yours but if I we're you, I will hold it for a long term investment and make my friend realize that you are a good holder.

nicko122

jr. member

Activity: 462

Merit: 1

Of course you have to wait while it grows, it's a chance to make a profit, a good investment.

blackbutterfly

member

Activity: 109

Merit: 10

Quote from: housa on January 11, 2018, 05:02:46 AM

This depends on your own decision, this is your money, I suggest you can try to choose to ride it and I think you wouldn't lose out considering that $500 dollar you got for a favor.

first if you want to grow that Bitcoin invest it if you lucky it is going to a better amount so that's my opinion for that case.

blackbutterfly

member

Activity: 109

Merit: 10

Quote from: Hawk77 on December 13, 2017, 12:04:56 AM

So long story short, a friend owed me for a favor and since I did not have bitcoin before he asked If I would take it in BTC. I didn't mind since I can cash out whenever.
My question is.. what do you think? Its a decent chunk of money for me to just hope something keeps rising, do you think I should "let it ride" or cash out and just be happy with ~$500?

Topic: A friend sent me .03 BTC - what to do now? - page 12. (Read 2997 times)