A friend sent me .03 BTC - what to do now? - page 15.

Jombitt

full member

Activity: 294

Merit: 100

Quote from: Hawk77 on December 13, 2017, 01:04:56 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?

if you have faith and want to take risk then go, ride with bitcoin and make dollars. Now, if you are contented with only 500, its okay to cashout now and convert it to your fiat money since you got it for free. Be happy on what you have now or take a risk to hold longer, its your choice

BeggarInCryptos

full member

Activity: 401

Merit: 104

It depends how bady you need 500$. If you don't need them badly, perhaps it could be more interesting to hold them long term. If Bitcoin will reach 100,000$ or even 1,000,000$ then you will be much more happy.

kc999991

newbie

Activity: 224

Merit: 0

I would suggest cashing out if you need the money now. but if you don't, why not just hold it for a bit longer. You may have a chance to double you money to like 1000 usd by the end of the year. You can also use it for trading to make better investments.

Hammonds

sr. member

Activity: 532

Merit: 250

Quote from: paulo013 on January 03, 2018, 10:43:11 AM

Now is the opportunity to invest and make a profit of it. Put them to an exchange site and do trading. Bitcoin is rising, you can double up the quantity of your bitcoin if you do trading but you need to be carefull.

exactly, by following the way you we all can grow the bitcoin that we have and will definitely provide a big advantage.

elfoldo

member

Activity: 70

Merit: 10

If you do not really need these 500$, why not leave them? Let it grow. When you need money - cash. Let it be a stash Wink

NavI_027

full member

Activity: 1232

Merit: 186

If I'm in your position, I will absolutely hold that .03 btc because it already means a lot for me.

I understand if you will choose for withdrawal because it seems that cryptocurrency is not your interest. But try to reconsider because yocu might miss a great opportunity if you don't.

SiOmnesEgoNon

member

Activity: 98

Merit: 10

Hold it man, really. Probably in a few years it will be 4-5 k $ and you'll be so glad.

novikov433

full member

Activity: 560

Merit: 102

I would exchange them for ico. Maybe in half a year x 100 will be with them) who knows it. there are a lot of examples when in a month x 10,000% comes out of the original amount. Oyster Piarl for example.

Thavite71

jr. member

Activity: 43

Merit: 1

Quote from: Hawk77 on December 13, 2017, 01:04:56 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?

you can start trading and pumping this 0.03 bitcoin into 0.05 or take a risk and hold some altcoin and wait.

it will be good start if you know how to use it

multic2012

member

Activity: 350

Merit: 10

Quote from: Hawk77 on December 13, 2017, 01:04:56 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?

My advice!It is better to leave the present for the future.Even trade or something to invest a very small amount to begin with.

wolfgang56

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Activity: 248

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WWW.BLOCKCHAIN021.COM

Quote from: Hawk77 on December 13, 2017, 01:04:56 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?

I think you should invest some of it because there are many options that accept investment even in small value the gradually you can grow it while investing on the said option. It is your chance to get high profit even you do not know bitcoin.

mysacrifice

full member

Activity: 364

Merit: 104

Quote from: paulo013 on January 03, 2018, 10:43:11 AM

Now is the opportunity to invest and make a profit of it. Put them to an exchange site and do trading. Bitcoin is rising, you can double up the quantity of your bitcoin if you do trading but you need to be carefull.

Of course it will be his choice but I wouldn't keep it in btc. I agree 0.03 is not bad money but even if btc double this money will not be so much. If I were you I would try to catch some altcoins that has potential to grow. But I have to say that is risky.

Lodipetmalu

member

Activity: 252

Merit: 10

It is better not to encash that bitcoin, as time pass by the price of it continue to increase. As long as you don't need urgently that money then make that small amount of money as your invesment. As of now, the price of bitcoin is almonts 13 thousand USD and still predicted to increase. Just wait, your money lend to your friend will grow if you hold it

janaiz

member

Activity: 169

Merit: 10

Quote from: Hawk77 on December 13, 2017, 01:04:56 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's up to you whether you will cash out or not, but my advice is let it flow just wait it and wait it until it will rise up again and if you earned 5x with your current BTC you can now cash it out but you need to reserved and wait again to rise up so in the future you have earnings and you can use what ever you like.

parassinghal

full member

Activity: 210

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A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE

As you can see that bitcoin is almost stable from few days so i think you should buy some altcoins having good potential from that 0.03 btc and when you will get good profit from them, then get them converted into bitcoin.

deviant99

full member

Activity: 185

Merit: 100

That's a good start though. Holding it is a good choice but it depend unto you. Holding it makes you more comfortable on how the value will occur or the other thing you can do is investing it. Investing can take you a lot of opportunities there and can make you more profit around it.

Carrody

newbie

Activity: 34

Merit: 0

I would just keep them and wait for raising. Grin

cryptocent94

newbie

Activity: 53

Merit: 0

I will rather you leave it there for it to grow more instead of cashing out without using it unless you are urgently in need of cash that's my piece of advice

darkphoenix2610

full member

Activity: 679

Merit: 102

the decision is always your but if where you i will hodl it and work for it to have some bitcoin so that i will never regret when the value of bitcoin pump higher because the prediction of this year bitcoin would hit 60000 dollar before the end of year it is much profitable that 500$ but choose the best option that you have

Jmabion134

newbie

Activity: 142

Merit: 0

.03 BTC is high value if i were you i will invest it or trade and more that will exact on .03 BTC like cloud mining its up to you choose

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