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Topic: A friend sent me .03 BTC - what to do now? - page 26. (Read 2997 times)

member
Activity: 630
Merit: 10
December 16, 2017, 10:08:00 AM
It's up to you now if you're going to keep it as a bitcoin or use it on another investment site Smiley but for me, why don't use it in trading of any other coins it will grow if you will study how to trade Smiley that is the best choice that I think for you to do now Smiley
member
Activity: 115
Merit: 10
December 16, 2017, 10:02:58 AM
The fact that you put this question out shows that you don't know much about bitcoin / trading.
If your life doesn't depend on this $500, then let it be there. Meanwhile, learn about bitcoin, altcoins and market principles in general. You would then be in a better position to decide what's best for you. By then your $500 would have become $800, may be. You wouldn't lose anything anyways.
full member
Activity: 459
Merit: 104
December 16, 2017, 09:58:18 AM
#99
Keep the bitcoin. I'll give you my example.
I have a collection of stamps. My father has bought stamps for 40 years. They were not worth much 30 years ago, not even 15 years ago, now they are worth more than 40 000 Euros!
 Keep this 0.03 bitcoin for 20-30 years. Now it is not worth much, but in 20-30 years you could buy a home with it!
full member
Activity: 216
Merit: 250
December 16, 2017, 09:00:31 AM
#98
There are 2 opinions for you. You can hold it wait for the development of Bitcoin. As you can see the growth of Bitcoin recently, It has reached ove $18k. Or you could use it and invest in ICOs such as Livestars
member
Activity: 238
Merit: 10
December 16, 2017, 09:07:45 AM
#98
I think if you don't know bitcoin well, you can change it to cash. If it's me, I'll do it. You can also choose to invest in some ICO projects to get a bigger return! Grin
member
Activity: 532
Merit: 17
December 16, 2017, 08:56:16 AM
#97
i think you can use the bitcoin for investment. look a decent ICO maybe, buy their token, hold till the price high, and profit.
for me, if you just cash out your bitcoin, nothing interesting happen, but if you like to something unexpected (good or maybe bad), my advice is use your bitcoin for invest.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
December 16, 2017, 08:45:00 AM
#96
Since you are fairly new to bitcoin, you should first learn how to use bitcoin securely. Learn how to keep your funds safe, how to transact and how fees affect your confirmation time. You can also start learning how to trade and begin trading with small amounts.
Or if you don't want to risk anything, just cash it out. Smiley
sr. member
Activity: 434
Merit: 250
December 16, 2017, 08:32:55 AM
#95
you need to now about other altcoins, how to start trading with exchange and try to buy some cheap altcoins to get profit or buy eth in exchange and invest in ico .
full member
Activity: 387
Merit: 100
December 16, 2017, 08:22:08 AM
#94
Should still be in the form of bitcoin don't sell.Because bitcoin prices will continue to rise,Then you will benefit a lot if you want to be patient, But it's all up to you.
legendary
Activity: 1218
Merit: 1006
December 16, 2017, 08:21:21 AM
#93
Look at bitcoin trading chart for last few months and make your own decision.

Bitcoin price was under $1000 on start of 2017 and now it is almost $20k which is 20x within 12 months.

Just hold those $500, you might be able to cashout $5000 by end of 2018 if current craze over bitcoin will continue till next year but there is also risk of losing large chunk of money. If market crashes you might just get $200 for same 0.03BTC
member
Activity: 140
Merit: 15
December 16, 2017, 08:18:37 AM
#92
Even if the amount means a lot to you, I would advice to keep it. Since the price of Bitcoin keeps increasing and many also predict that it will be like that in 2018. It is actually about taking the risk, but I would take it if I were you.
legendary
Activity: 1190
Merit: 1001
December 16, 2017, 08:14:57 AM
#91
just Start bitcoin trading with this money and you can earn upto 50$ a day from this only , This is truth Check coincapmarket , Top altcoin gainers or you can hold some litecoins it has great future people are interested in litecoins now days. If you seriously need money in cash you can withdraw and Enjoy ,

Before investing in any altcoin be sure you do full research about site you can double or may be 10 times if you hold for long term , you must learn graphs when it dumps when it pumps
member
Activity: 122
Merit: 14
December 16, 2017, 08:10:51 AM
#90
Before doing something you have to get proper knowledge about cryptocurrency after you have a knowledge my opinion is hold 0.1 btc as bitcoin and buy good icos buy investing other 0.2 btc .before invest in ico you need to do your own research about the project and get help from crypto expert .0.3 btc is too much to become millionaire with crypto field
full member
Activity: 252
Merit: 102
December 16, 2017, 08:06:58 AM
#89
For me what to do with your 0.03 Btc is just HODL or you can invest in a more secure site and it will be rise and you'll be surprised that your btc will be double or triple. But it depends on you if you want it to cash out or you want it to invest. Like now many are rich, because there are so many who are investing in bitcoin because they are smart.
member
Activity: 88
Merit: 10
Machine Learning & AI - Trustless Ledger System
December 16, 2017, 07:51:18 AM
#88
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 depends if you really need this money to use right now. If not then you can trade and try to make it bigger by buying one or two different alt coin and sell them when they are higher and buy more and sell like that.
sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
December 16, 2017, 07:47:24 AM
#87

Quote
do you think I should "let it ride" or cash out and just be happy with ~$500?
This is what a normal user of bitcoin does and satisfy themselves with whatever they have got. However if you want to grow your chunk into something better then just hold it and wait for the bitcoin to boom beyond 20K next year. You will be more than happy to see how your 500 USD turn into 1K or more if the luck is with you and the crypto currency is blooming. You know very well bitcoin aint going anywhere and if you think that you don't need that money urgently then juts let it rest there and forget about it for at least next 6 months. Im sure you will thank everyone who given you this advice today. 
member
Activity: 168
Merit: 10
December 16, 2017, 05:52:04 AM
#86
i think it's better to cash it out, because now bitcoin are really high. or you can sell it because bitcoin are really now. your really lucky to have that friend because 0.03 is not bad. it's up to you how to use that bitcoin amount.
full member
Activity: 798
Merit: 104
December 16, 2017, 05:47:56 AM
#85
I would see this gift as something you didn't have before and unless you are desperate for the fiat I would just leave it. To see serious gains you would have to wait for bitcoin to really grow in value. You could however invest in an up and coming coin and see what happens from there.

Bitcoin are really grow in this year the price reach 1million this is so huge amount the best thing to do in your 0.03 btc is to do trading this is a good capital to start before entering to trading industry you need to learn the basic rules of buying/selling altcoin to get this impormation watch some trading tutorial on youtube theres a decent amount of video tutorial you can watch.
Then if you master this tutorial the next step is to do trading and earn profit this is risky but trading is the effective way to earn more btc.
sr. member
Activity: 504
Merit: 251
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December 14, 2017, 04:07:51 PM
#84
I would see this gift as something you didn't have before and unless you are desperate for the fiat I would just leave it. To see serious gains you would have to wait for bitcoin to really grow in value. You could however invest in an up and coming coin and see what happens from there.
full member
Activity: 756
Merit: 133
- hello doctor who box
December 14, 2017, 02:39:34 PM
#83
I would personally prefer that you should get some money with you into safety then invest something on it .03BTC is a good investment now a days for ICO's and Trading.
You should not put all of your money if you're not ready to get a negative on to it. investment would always be risky no matter what.  Just Hold your 0.03 until you think the right time has passed.
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