A friend sent me .03 BTC - what to do now? - page 25.

rb26

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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?

0.03 Btc is a pretty good amount especially for people who doesn't have much. And as your first btc, considering the value right now it can be considered as big. Imho, I think you should let it ride first and see where it goes until next year. You see, the value keeps rising again as of the moment and you might be surprised how the value can be doubled in just a matter of days. But if you're having doubts you can keep half of it or whichever amount will do for you and just leave a percentage that you can start growing in btc. Or might as well try buying other coins that is/are promising because there are handful of coins out there that are really making huge percentage of growth each day just like btc.

Choyor

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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?

If you think the money is so valuable then exchange it into cash. But if you want to multiply the money, then all you have to do is invest it, but you have to be more careful and consider what risks you will get. because in my opinion, the investment is very risky.

rosepetals

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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 for me if its not totally needed in my daily needs i'd rather invest the 50% in some altcoins that also plays competitively in the market..and the rest i will hold it in my wallet to have double profit when time comes,its a gift from a friend so it must be treated it as a precious one..and to have a digital currency just like bitcoin which is a pioneer and the strongest crypto im confident that it would last longer than we expect and as times goes by it will become more profitable.

shata

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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, if i were you, I will cash out some of it and the some part of it will be invested in a investment site where it is trusted. And the last part will be still in my Bitcoi wallet and i will hold it. I will start to join signature campaigns that ables me to earn a lot of money. I will use Bitcoin as my part time business and i will always do this this activity as my routine everyday. And i assure you that I will be rich because of bitcoin.

jakezyrus

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if i were you, i would hold that 0.03btc on my wallet without doing anything in order to avoid any risk that may possibly lead to getting bankrupt. you can still possibly earn a passive income just by hodling it on your own but keep in mind that it may take some time to happen because bitcoin is kinda unstable. however you can still buy and invest more bitcoin by using your own cash in order for you to maximize your potential passive income. just always remember never invest what you cant afford to loose. so better start small then gradually increase it overtime.

bitcoinerjawa

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Quote from: mriansa on December 17, 2017, 01:44:29 AM

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?

0.03 Bitcoin is enough for the trading capital and the way to become rich, first plant this mind that you play bitcoin like you saving means you will get profit for long term, first buy altcoin which is still cheap price like XLM, XRP, NXT and others coins are still cheap, if they go up a bit then you will get a lot of profits.

really we can buy the price of coin that is still under the price of $ 1 and very much at all coin with a price below $ 1 you can see it at https://coinmarketcap.com/, there are many listings there that can help you to get profit and become wealthy.

romero121

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As users suggested keep hold of the assets for a short and when you feel yourself secure and has gained a little through the growth do make further decisions. In specific why I suggest to hold is to understand the growth it can provide to the users who believe in it. Apart from the same you could invest on ico or low price altcoins.

mriansa

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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?

0.03 Bitcoin is enough for the trading capital and the way to become rich, first plant this mind that you play bitcoin like you saving means you will get profit for long term, first buy altcoin which is still cheap price like XLM, XRP, NXT and others coins are still cheap, if they go up a bit then you will get a lot of profits.

jassanpary

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Quote from: $$$sparkles$$$ on December 16, 2017, 10:43:46 PM

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?

Hold it! Just keep it for the meantime. Bitcoin price will continue on rising which will give you lots of profit. Just be patient and faithful and you will see that good things come to those who wait faithfully.

Hold it for some more time, the way in which bitcoin price raising from last 6 months by that trends it is suggestable to hold 0.03BTC, later stage you'll get very good amount of it and by the way you're friend looks so generous to give the bitcoin.

ethereumhunter

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you have many options with 0.03 btc. you can do trading on one exchange and try to earn the profit, you can cash out that btc into money, or you can keep it in your wallet. but if I were you, I will use that 0.03 btc for trading and I will try to make a profit. that is a free btc for you to start to increase the amount and don't let the chance to go like that before you try anything.

CryptosapienZA

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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?

Do you own private keys to your wallet? If yes, then just leave it there, and wait for it to grow... If your wallet is an exchange wallet, then move your coins to a wallet that let's you keep your own keys.

moonfrost21

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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?

Just a simple advice, buddy. I think that is not just a coincidence that your friend sent you BTC. You are fated to be part of what's going on in Bitcoin and other cryptocurrencies. Since you are already in this forum, how about learning on how to profit more using what you have there.
In the end, it will not only be earnings that you will have but also a knowledge that won't be stolen. OMG, did I just sound like my grandma? Grin

tanghere1

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Up to you mate. As for me I would hold it or invest it. Go look at some legit sites that let's you double your bitcoin. PS you have to be careful on choosing this sites a lot of them are scams.

cpfreeplz

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Why not keep it? Why not learn how to use it? Why not learn how your country makes your money? That'll be a shock then you'll be hooked for life. It's not logical and is not in the best interest of people, it's in the best interest of bankers and their supreme overlords, central banks.

mjnick01

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Do not spend
when you give a .03 because bitcoin is now rising and will reach 1million in phillipine peso
how much bitcoin you are today
the more likely it will increase
Just keep thinking right
because when you invest you might lose a moment

my second advice
you can invest even half of it
and that's half you're going to withdraw your money
for even if you are able to use it at least you used it

$$$sparkles$$$

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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?

Hold it! Just keep it for the meantime. Bitcoin price will continue on rising which will give you lots of profit. Just be patient and faithful and you will see that good things come to those who wait faithfully.

Adine.lablab

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It's up to you if what you will do to your bitcoin,if you want to double or triple your bitcoin you can invest it but its risky. But you can get profit without investing by holding your bitcoins,as you can see bitcoin price niw is getting higher so if you will just hold it and wait for its price gets higher more than the value when you recieve it you will get profit. You can also sell it if you wantto make it cash. There is many ways to do on your bitcoin its just up to you.

FRJ

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So nice of your friend.Now come to the point.Look,0.03 is not a negligible amount of BTC.Use it carefully and obviously in a profitable way.I'll suggest you nothing but to hold your bitcoin.

Holding bitcoin will bring you profits.The price of bitcoin is gradually increasing.The price of it has risen from $1000 in january 2017 to $18000 during the middle of December 2017.So,you can hold your bitcoin to get profit.Thus,your bitcoin will become a great source of profit.

best of luck.

Ronyx

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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?

in accordance with the circumstances only. If you are in dire need of cash, you can dilute some or all of it. but if you do not really need cash then just let it be bitcoin. You will get more profit when bitcoin prices go up.

Svelto

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

Quote from: UAE Seasider on December 13, 2017, 12:57:20 AM

You seem to be a budding entrepreneur if you don’t need the money then let it ride but make sure you store it somewhere you have full control over. You could also benefit from the wave of airdrops and Bitcoin forks which may add value also.

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

$150 will be a good amount to hold too. You never know what kind of amount $150 in BTC will grow to. Just remember to use a safe wallet (a wallet you control the private key) for it.

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