A friend sent me .03 BTC - what to do now? - page 29.

Kprawn

legendary

Activity: 1904

Merit: 1074

$500 is not a deal breaker, but if I was you, I would hold onto the bitcoin for a while longer. The Bitcoin price nearly increased with

800% since the beginning of 2017. If this happens again in 2018... then your $500 bitcoins might increase in value to between

$3000 to $4000. {No guarantee for that, but it might just happen} .... If you need it and you cannot afford to hoard it, then you

should cash it out. Roll Eyes

Mainman08

full member

Activity: 406

Merit: 100

If i were you just hold if as long as you can. Bitcoin keeps growing nowadays. Or buy some crypto that has a potential to grow.

brotherwood12

member

Activity: 686

Merit: 30

500$ is high amount , you can use it as your capital , better you try and learn about trading , so your money not stuck at 500$
keep learn an you can make it to 5000$ or more also you can try to invest to an ICO .
just do cash out if you really need that money

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

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 keep that 0.03BTC in you wallet and forget about it for some months or years when you came back to wallet,I will promise you will be surprised your Bitcoin may value $5000 at that time or even more.
Trading is an option if you know about trading but I think holding is the best option than trading.

zolfa

member

Activity: 518

Merit: 11

Quote from: Ourat on December 13, 2017, 01:04:58 AM

if I will receive the money, rather for the capital buying and selling bitcoin in the future, if your friend willingly give the money

yes, I agree with you, and it can generate a lot of money, with free capital. but it seems that it will be difficult because today people are rarely willing to give BTC for free. so he will hold back rather than make other people happy.

_noname_

sr. member

Activity: 448

Merit: 250

0.03BTC is very high amount and if a friend give it to you then i think he is your best friend. Now if you need a cash then you need to exchange it to your own currency and if you don't need any money now then you need to hold it for your future as the price of bitcoin is increased then your BTC in your wallet will also be increased and i think its the best idea to Hold it in your wallet for your future.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

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 I were you I'd take it as an introduction into the cryptocurrency world. I advise you to keep it and learn more about Bitcoin and cryptocurrency. Once you start getting a grasp of it, take your action: If you are impressed, buy more and learn further. If you think it's just a temporary bubble and has no future, leave it and sell your BTC. I personally believe Bitcoin and cryptocurrency will be the gold, the bank, the money, the economy of the future. Let me know your thought on it once you done some learning

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

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?

Your friend has not only repaid his debt, he has also done you a big favor. Most people work very hard to earn such amount but it came to you on a platter of gold.

I'd suggest you use the bitcoin as your base bitcoin and then hold for a while, lets say for 3 months, then you can cash out your profit.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

First, do not listen to people trying to give you advice over PM, whassup or something similar. If there is a decent and honest advice, they can post it here and ensure transparency.

Second, I would do some reading first, I m sure you can find a decent solution by yourself.

If I were you, I d go for PoS coins, these made me nothing but profits.

Cheers!

Kim Ji Won

full member

Activity: 350

Merit: 110

Quote from: TimtheYoutuber on December 13, 2017, 12:12:52 AM

OP if the money means alot to you then you should cash out. Only invest what you can afford to lose, and know that bitcoin is not a "safe" investment. You should do a lot of research on it before you actually decide to invest.

It is safe if you will be real careful with it and be wise enough on how to use it for the better. That kind of amount needs a good plan so that investment will not go to waste. Try researching and exploring this forum, I'm sure you will find ideas on how to make your money go around gaining profits. Don't get easily carried away with whatever negativities you might encounter along the way.

matanglawin

full member

Activity: 372

Merit: 100

The Organic Growth Token

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?

Wow, you are lucky to have a friend as such. I would suggest you to hold it for a long period of time and if possible, invest more to Bitcoin as an addition for the amount to be held for years. The market value of Bitcoin is expected to be more expensive in the future so holding it at this moment will be an advantage because huge profit will be earned knce its price becomes more expensive.

jekjekman

sr. member

Activity: 378

Merit: 250

Quote from: TimtheYoutuber on December 13, 2017, 12:12:52 AM

OP if the money means alot to you then you should cash out. Only invest what you can afford to lose, and know that bitcoin is not a "safe" investment. You should do a lot of research on it before you actually decide to invest.

What is your basis about telling that Bitcoin is not a safe investment? those FUDs spreaders that was always wronged about Bitcoin? Can't blame you though if they really affect your perspective.

If I could take a chance in receiving a $500 bill or worth $500 BTC then I would definitely choose Bitcoin all day as the price of it keeps appreciating over time and I witnessed its growth ever since I discovered how to do things from it.

connesa

full member

Activity: 216

Merit: 100

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 i was the one to ask ill hold it till atleast make it double,
but its just for me...all is up to you,
its your choice if you will hold that and wait until it grow
or cash out and be happy with the money.

xwshamim

sr. member

Activity: 467

Merit: 251

https://t.me/xwshamim

if you are clever enough I think that you ll do trading with this amount and increase your satoshi and if you don't know that you can hold them for long term for more profit Cheesy

now its up to you what you wanna do with your money

upekhaanthony

member

Activity: 238

Merit: 10

Invest on good coin or good ICO.But keeping as BTC also gain some profit

cizatext

member

Activity: 952

Merit: 41

Well since you asked for advice if not is up to you to decide either to cash out or wait for more interest. But to me considering the steady rise in price of bitcoin is best you hold your bitcoin in your wallet hoping to make more interest, $500 can yield you some good interest you know. Bitcoin is more of an investment then a currency so wait for the right time before you think of selling.

NorrisK

legendary

Activity: 1946

Merit: 1007

For all you know it will crash tomorrow and be worth 250.

Is that a risk you are willing to take? If yes, keep it. If no, sell it.

Polonium

member

Activity: 123

Merit: 10

PITCH – THE FUTURE OF OPPORTUNITY

I think this is a good start for bitcoin investment, just hold your bitcoin and try buy some more. Your goal should be on how to accumulate more bitcoin as it will surely increase in value in the coming years. Just dont forget to say thank you to your friend.

hadveach

full member

Activity: 448

Merit: 102

when we have a lot of bitcoin in the wallet, I think it comes out a bit to make it happier better. how important it is about the meaning of sharing with others. and it will be replaced by a larger one. I'm sure of that.

rzluetlhch

member

Activity: 84

Merit: 10

If the lack of 500 dollars, can not affect your life, then I think you can continue to hold it. Bitcoin will rise to $ 100,000 in 20 years. Haha

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