A friend sent me .03 BTC - what to do now? - page 3.

Dorion2124

newbie

Activity: 127

Merit: 0

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 have bitcoin like that for now, my advice is hold it because the equivalent of .03 bitcoin now is too low, so hold it and wait till your investment will increase more. But if you need money then cash it out so you can use it for important thing

JCO05

full member

Activity: 429

Merit: 100

You may consider buying more as an addition to that because it won't be that much profotable given that it is a small amount. Holding would be the best choice to do upon recieving Bitcoin. Especially right now whereas the market price is low. Once the market value of Bitcoin recover, you will be able to earn bigger profit feom that amount.

mattmct

sr. member

Activity: 546

Merit: 250

There are two things I can advice you to do with the money 1) hodl the coin for a couple of years, at least 5 years before making use of it , I believe that 5 years from now, 1 bitcoin should be worth over $500k

normensky012

newbie

Activity: 238

Merit: 0

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?

What to do? Give it to me. Just kidding. If you're in a hurry to use that money, cash it now because the crypto market is always volatile. But if you would like to consider saving it for future usage. Why not store them securely and cash it out next year perhaps. But heed my warning, that crypto is risky. That's why I prefer bitcoin for purchases and payments only.

goku1525

member

Activity: 420

Merit: 50

Quote from: xhoondilan on April 08, 2018, 07:31:41 AM

Then you can save it for later, or when the bitcoin price is up. If yourba wise person your not going to spend it automatically yet your going to addd it to your bitcoin and use for future purposes. Its up to you what are you're going to do to your btc.

Your the one who can decide for that, but I suggest you to buy more coins and the other remaining of bitcoin you can hodl and take a long term investment because I believe that bitcoin will range up to $100k .Or save some moneys incase of emergencies for the health and expenses for the future and to support for financial education for your children.

xhoondilan

member

Activity: 168

Merit: 10

Then you can save it for later, or when the bitcoin price is up. If yourba wise person your not going to spend it automatically yet your going to addd it to your bitcoin and use for future purposes. Its up to you what are you're going to do to your btc.

WhoAmAi

newbie

Activity: 112

Merit: 0

The decision is in your hands. But, i suggest to hold because the price will rise again. And right now the BTC price is $7,000

cold cool

member

Activity: 162

Merit: 10

It's going to be five years, five years from now the BTC is going to be $200,000, and you can wait until that time, you're going to make a lot of money.

FrancePG

full member

Activity: 448

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 you still haven't done anything with bitcoin, it's now best to wait and believe that it will soon grow. And when he grows up, then sell his and rejoice at life.

Jessy Mediola

full member

Activity: 340

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?

It depends on your status. If you need money then you can get it and spend in necessary things. If you don't, then it is an opportunity for you to invest in bitcoin. Thay .03 btc or $500 will become $600 and up which is good for you and as well as in your future. Be wise in managing your btc.

Razick

legendary

Activity: 1330

Merit: 1003

You could decide to sell the bitcoin, take out the cash and use it for yourself as you see fit or you could decide to hold it since the price is so down now and wait for the bull market and the price to go back up and then you can sell at that point and make the most profit. Or you could decide to get into trading and learn as much as you can and trade your bitcoin for coins and wait for those coins to go up.

buburjelly

newbie

Activity: 62

Merit: 0

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?

The decision depends on you. If you really need money for various needs then you should immediately sell the bitcoin you receive it but if you do not need money in the near future then I advise to trade or you can hold it as an investment and expect bitcoin prices to rise. However, if I become in your current position then I will sell half of the bitcoin received and the other half will be made as an investment.

cresrasrandbott

newbie

Activity: 5

Merit: 0

Marinecoin would be a good choice below $2. Ico just started a week or so ago great prices still. MTC is time tested value. They are also allowing the community to earn 20,000 MTC for completing AI assignments. They are poised for the new IoT industry with zero fees and fast transaction speeds. The MTC are being fairly distributed provided you are willing to do some promotional work. Reasearch them here at their site and decide for yourself. marineco.in/ico

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

Quote from: ?? on ??

Hold it in your wallet and if you get some more it can be the start of your bitcoin savings. Welcome tot he bitcoin world. Despite the current low price, it will be worth a lot in the near future. Hold tight.

But only holding not a good reason , some times it will loss your profit because market will falling , you money need to work every day and every time if they just will saving somewhere its not a point to earn like that.

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

Quote from: tawfiquecse on April 06, 2018, 05:20:43 PM

For me if i had that .03 btc . I will definitely go for trading.. Its also a good time for trading.. You can buy some altcoins and sell them in good profit they buy again.. There are many best website for trading.. Which are super fast for buy sell.. Without trading you can't get much profit.. If you are experienced in this area than you may go for trading.

iam not sure he need to start trading if its his first crypto he will just loss it on exchanges , better to buy top alts with best platform and perspective and hodl hodl hodl.

boddy.dy

member

Activity: 252

Merit: 17

If your friend sent you a bitcoin the first and for most you should do is to give him or her a huge thank you. You are very bless to have a friend like them who are sending bitcoin to their friends. Can you refer me to them so somehow they might sent me also some bitcoin? If I were you aside for giving him or her a huge thank you I will also send back to them some pizza or coffee. Maybe after they recived your pizza or coffee they might sent again some bitcoin and that will be a very good return for you then.

brengoskandel

member

Activity: 210

Merit: 10

So a friend gave me .03 BTC and what should I do now? Well if that really happens I'm gonna invest it again in Bitcoin because I'm very confident enough that it will be worth a big fortune because I'm also sure that bitcoin will rise again just like what it did before, well we all know that bitcoin is on the top of all cryptocurrencies right now but it's market value goes down also as it also goes up, but in due time it will steady to rise it's market value recovering our losses and gaining profits at the same time.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

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 might use it to buy altcoin and wait for it to be 10 times bigger than that.
and that's very possible. by buying some potential altcoin and making it a great profit

BitcSeo

hero member

Activity: 1020

Merit: 501

Quote from: Hawk77 on December 13, 2017, 12:19:03 AM

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.

I completely agree. Maybe the smartest thing is to leave $100 or so and cash out the rest.
I'd just be super bummed to cash out then see 19 or 20,000 tomorrow lol

I see you a thinking like a newbies and that is yr current level:o

FYI,Right now, bitoin is dropping and will keep dropping before any increase.

i suggest, you engage yourself in other form of deal within the marketplace by doing this, you will put your coin into use instead of keeping it idle in your wallet. you risk losing in case of drop in exch.rate

In situation like this, it is only adviceable to hold if, you have longterm investment plan.

Thanks

sherwinaze

jr. member

Activity: 162

Merit: 2

I think you need more knowledge about bitcoin to how its really good to have bitcoin but i suggest you to hold and keep your bitcoin and learned everything about crypto currencies

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