Every tiny piece of Bitcoin is worth it! - page 10.

palle11

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Quote from: Sebas.tian on October 13, 2019, 07:34:19 AM

Far back in 2016 I bought some coins in one of the most popular exchange then and forgets the coins, then after the bullish in 2017, I then remember that I had some coins left in the exchange, getting to the exchange I find thhatbi had some good money and then withdraw my coins with almost x1000 increased. The tiny pieces you see today are the oceans of your profit tomorrow. That experience thought me.many things and I love having pieces in exchanges this days against the future.

This is also the reason that I don't sell completely the total unit of a particular coin I have. This is because an altcoin can be worthless now and you angrily sell off all, then in the future that same altcoin is worth some good money, you can only feel bad as you don't have just one left. I like to leave at least some fractions Grin

virasog

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Quote from: electronicash on October 13, 2019, 08:06:49 AM

i did also that even the hitbct account that i have abandoned for years i tried looking into it again where i left 0.0005btc. i was thinking if this could worth thousands of USD, will the withdrawal fee in hitbtc be this high today?

when time comes that btc will really go up high as speculated by those shilling gurus, will 1 satoshi has value of $1 each? if so then i guess that 0.01BTC today that i have should be guarded with all my life Grin

1$ per satoshi is very high value for bitcoin and I do not think bitcoin can reach to this value.

0.00000001 SAT is the minimum unit of bitcoin. So if 1 SAT = 1 Dollar, it means 1 Bitcoin = 1000,0000$

This is why I say that a single satoshi cannot be worth a dollar.

Jating

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Why not withdraw them and put it in a single wallet that you have control of?

And I'm sure that when bitcoin's price goes on the roof again, you might incur highest transaction fee and slow confirmation times that it will become worthless. So I would advise to not let it sit on exchanges, as you don't have total control over it. You don't know, maybe there are cases that those exchanges are going to be hack or simply shutdown, just saying.

febriyana

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If Bitcoin is worth just keep in your wallet, maybe your exchanges can get hacked.
I think Bitcoin in the future is still worth, so i keep some my Bitcoin beside altcoin.
For transaction i always use altcoin, like LTC and Doge. Bitcoin is really expensive for transfer. Maybe the cost for transfer will increase next year. So the amount Bitcoin like unique because that is rare in circulation and the price going up Grin

rdluffy

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Every satoshi counts, this is true
Look back, a few years ago some people gave BTC to anothers, lost in hard disks, lost in bets, and now a single BTC worths more than 8k USD
Maybe in a few years a single satoshi can worth a lot of money, so it's wise to keep and save your satoshis

electronicash

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i did also that even the hitbct account that i have abandoned for years i tried looking into it again where i left 0.0005btc. i was thinking if this could worth thousands of USD, will the withdrawal fee in hitbtc be this high today?

when time comes that btc will really go up high as speculated by those shilling gurus, will 1 satoshi has value of $1 each? if so then i guess that 0.01BTC today that i have should be guarded with all my life Grin

teosanru

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Quote from: joinfree on October 13, 2019, 05:05:58 AM

Back in the days i used to disregard some pennies of my bitcoins in several exchanges thinking that these coins would never be worth it looking at its price at the moment. However, this idea came into my mind about some few weeks ago that what if Bitcoin reaches a double of its previous all time or even greater once this long awaited global adoption sets in.

Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again. This may sound quite silly but i am quite optimistic about it Grin

Being optimistic is okay but being foolish is not. Even if in any case bitcoin beings the bullish mode once again and pumps up there still won't be any kind of movement in useless shitcoin which are worth pennies solely because there are zero people who would take interest in them. Earlier it was an ICO time and every ico coin was booming up but now unfortunately is not the case so you can forget all your exchanges because these coins are RIP now.

gabbie2010

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I also have some bits of eth and btc in my binance account hopefully waiting to see another bitcoin push up this is crypto market anything can happen no one expected bitcoin could rise from $0.003 to $20,000 I am not bothered about the minimum withdrawal fees might be more than my fund in my exchange of course whenever there is a massive pump definitely my coins will also pump while the minimum withdrawal fee remain same in the exchange.

Sebas.tian

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Far back in 2016 I bought some coins in one of the most popular exchange then and forgets the coins, then after the bullish in 2017, I then remember that I had some coins left in the exchange, getting to the exchange I find thhatbi had some good money and then withdraw my coins with almost x1000 increased. The tiny pieces you see today are the oceans of your profit tomorrow. That experience thought me.many things and I love having pieces in exchanges this days against the future.

Pearls Before Swine

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Op, you are right to think that way. I remember seeing a post a few years ago when I had first registered, and it showed how one of the first bitcoin faucets looked and what it was paying out. Suffice to say if one were to have claimed from that faucet regularly back then, they'd be pretty wealthy today with bitcoin where it's at. The takeaway message for me was to value those satoshis that one gets here and there, because you never know how much they're going to be worth years down the line.

I wish I could find that thread where I saw the old school faucet. If anyone can find it or something similar, it would bolster op's point.

CryptoBry

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Quote from: joinfree on October 13, 2019, 05:05:58 AM

Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again. This may sound quite silly but i am quite optimistic about it Grin

Bitcoin can soon be valuable when it will have its next bull run if not at the end of the yer then for sure within 2020 due to the scheduled Bitcoin rewards halving. I have already made a round with my exchanges accounts and made sure that available Bitcoin be transferred to my main exchange in anticipation of the coming "to the moon" pump. I am a stingy or thrifty guy so all coins Bitcoin or not that has some value left I made sure I keep on a wallet I will always have access. In addition, I make sure that I do not spend any of my Bitcoin for the next few months and will only do so if there is really a great need I can not avoid.

kryptqnick

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Quote from: joinfree on October 13, 2019, 05:05:58 AM

Back in the days i used to disregard some pennies of my bitcoins in several exchanges thinking that these coins would never be worth it looking at its price at the moment. However, this idea came into my mind about some few weeks ago that what if Bitcoin reaches a double of its previous all time or even greater once this long awaited global adoption sets in.

Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again. This may sound quite silly but i am quite optimistic about it Grin

I don't know about that. If the price grows because of higher adoption, this will result in expensive transaction fees. So if you're really talking about some below $10 amounts of BTC, I don't think there's much reason to accumulate them in one place. After all, they can be your transaction fees, but not much more than that, unfortunately. But sure, since now transactions are not expensive, you can work on getting them together, this would not hurt. Another thing to consider is grouping your inputs to reduce the transaction fees in the future (see here). If you combine these actions, you might actually benefit from getting your pieces together.

Shasha80

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I strongly agree that every tiny piece of Bitcoin is worth it, so I will collect my income from Bitcoin to one exchange to more easily manage it. I have several sources of income, the results of which in the form of Bitcoin. Even if the amount is only a few satoshi, if it is accumulated, it will be a decent result, whatever people want to say negative about me in this regard. The most important thing is that we can accumulate the bitcoin we have it from various sources, when the price of bitcoin can multiply its increase. We can enjoy a profit pretty big. So don't underestimate the amount of bitcoin even though we have just a few satoshi. If the price rises will be seen that every tiny piece of bitcoin is worth it.

gentlemand

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I'd be very interested to know how much dust is on exchanges that's either below their withdrawal fee or close enough to it to not make people want to bother. It must add up to a substantial amount of BTC.

It's always worth keeping an eye on fees. You never know when moving becomes viable when it wasn't previously.

sheenshane

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Quote from: GreatArkansas on October 13, 2019, 05:16:57 AM

Quote from: joinfree on October 13, 2019, 05:05:58 AM

(...)
Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again.

Let's hope also that those exchange will not close until the time you wish for. Especially waiting to double the price of Bitcoin.

Yeah right, the safest way of waiting to double the price of bitcoin is to have your own hardware wallet, not on the exchange you will never know what will happen next where you are outdated.

I don't have assets of any exchanges that I let to sleep when I did not use it. I withdraw them all even how tiny it is. Avoid using different accounts in exchange besides just focus only on one exchange site. If you cant withdraw your bitcoin due to a minimum withdrawal you can bypass it by diverting into other coins that have a low withdrawal fee.

Every one of us hoping that bitcoin price will double every now and then, and I personally hoping when the next halving comes. Accumulating is a good start even how tiny it is, that is worthy when the right time comes.

pundit

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I think its better to collect all these pieces of Bitcoin at one place i.e. create Bitcoin wallet and store all your Bitcoins there, so that whenever there is increase in its price you can sell it easily. It also reduce the chances of risk of keeping your funds in an exchange wallet. If any exchange have minimum amount withdraw condition, its better to deposit some amount first and withdraw the whole amount thereafter. Current price of Bitcoin is good to buy some BTC, if price goes high then it will difficult to buy to fulfill minimum withdrawal amount condition of any exchange.

judeafante

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Quote from: joinfree on October 13, 2019, 05:05:58 AM

Back in the days i used to disregard some pennies of my bitcoins in several exchanges thinking that these coins would never be worth it looking at its price at the moment. However, this idea came into my mind about some few weeks ago that what if Bitcoin reaches a double of its previous all time or even greater once this long awaited global adoption sets in.

Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again. This may sound quite silly but i am quite optimistic about it Grin

Every exchange has their own minimum amount to withdraw, I think it's not worth it because of the very high transaction fee these exchanges are imposing when withdrawing Bitcoin, the best way is to trade it in altcoins with minimal fee like Ethereum then we you sum it all trade it to Bitcoin again, I agree that all tiny worth of Bitcoin or satoshis will soon have value so faucet workers still has something to hope for.

maydna

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No, I don't think that sound silly because we need to secure all of our accounts in the exchanges and to find every asset we have. If we have so many assets in every exchange and its form as bitcoin, then I think it will be worthy if we cash out especially if bitcoin price can reach double price than now.

Yes, I am sure that the bitcoin price can have a chance to increase in the future. We need to collect as much bitcoin as we can so when the price increases, we are ready to sell bitcoin at the very highest price. That makes sense if we are searching more bitcoin in every exchange we have because we don't want to miss a great time to sell bitcoin.

hatshepsut93

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If you have small amounts of Bitcoin that you want to withdraw from exchange, but it's lower than minimum amount or the fee would be too high, than you can buy some altcoins and withdraw them, then send them to an exchange with better terms of withdrawals for Bitcoin. But generally you should avoid having any dust on exchanges, because it's not profitable to move it, while in your wallet you can consolidate it when the fees are low.

Astvile

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Quote from: joinfree on October 13, 2019, 05:05:58 AM

Seriously this made me think twice and have made me roam through all my exchange accounts and wallets making sure that i have access to them in order to cash out all those pieces of bitcoin if they ever become worth it again. This may sound quite silly but i am quite optimistic about it Grin

Be sure to cash it out fast and immediately, I also did that in the past leaving some pennyworth bitcoin thats worth something now and when I remember I have funds there it's too late. My account got hijacked and some of my emails connected to some exchange got lost, I even have altcoins that have value now but unluckily I lost access to it so its goodbye time.

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