I have 12 Bitcoin. What should I do??? - page 6.

jayendo

member

Activity: 392

Merit: 10

Quote from: Anonymous Kid on November 26, 2017, 10:20:53 AM

Based on the success and free time that I have, I have decided to research the top 200 altcoins and release at least one analysis of them a day. Will release the results in this group (first 500 to join will get access to the premium group) Link below...

https://t.me/CookieCrypto

I have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least.

My question is, what do I do now?

As far as I can see, I have 4 options;

1) Hold the Bitcoin

2) Invest in altcoins and leave a little in Bitcoin

3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.

4) Convert it to fiat (probably the dumbest idea)

Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea. I will earn my living of cryptocurrencies.

A few people have asked how I made my money so, if you are interested, here is a short summary:

Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams. Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.

Sell it and wait for BTC price to fall. Then buy it, wait for it to grow and sell it. I made 20k per week buy such simple actions, so you can make it too.

Accen1935

newbie

Activity: 27

Merit: 0

If I even have that a lot of quantity of bitcoin, of course, i'll value more highly to hold it and wait till crypto market costs peak once more. Bitcoin is that the solely coin with the largest financial gain. If I sell bitcoin currently solely to take a position in different coins that don't seem to be essentially prospects, the bet is that i'll lose my valuable assets. i do know this scenario is nice for investment, I will invest in altcoins through the ICO I follow.

BigTasty

member

Activity: 278

Merit: 13

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If I were you, I would definately leave coins for long term, or invest them in some promising project. I wouldn't convert it to fiat, of course. So, only hodl and invest.

mdenys

full member

Activity: 560

Merit: 100

I would recommend you to invest in one of a few interesting and promising icos and if you are a lucky guy you can easily turn your 12 btc into 60 or maybe even 120 bitcoins in one-two years.

oli123

full member

Activity: 644

Merit: 100

From my point of view these two options are the best solution at this time:

1) Hold the Bitcoin - If Bitcoin grows, everything else grows
2) Invest in altcoins and leave a bit in Bitcoin - with Altcoins you can also make a nice money.

Option 4'd completely ruled out due - after every downturn comes an increase.

SaracenRomero213

hero member

Activity: 1204

Merit: 518

I would leave ten coins for long-term storage, and I would spend two coins to buy other alternative coins. Perhaps it will make a profit.

Tope559

jr. member

Activity: 199

Merit: 1

In my own opinion I think you should look for another good investment apart from single investment which is dangerous. There are alot of projects out there that will be like bitcoin in the future. i dont support holding only bitcoin for now because we all know that investment is risky.

GhostWithin

full member

Activity: 644

Merit: 145

Quote from: dang thi bich thuy on November 06, 2018, 01:29:58 PM

Why do not you invest in the Altcoins now. I think you should select a few Altcoins in the top 20 on the investment coinmarketcap now that will probably gain a lot of profit and expand your capital.

Altcoins, especially with small capitalization, will give a very good profit, but at the same time bitcoin is the safest investment of all cryptocurrencies.
Bitcoin has lost around 350%, and some altcoins have fallen dozens of times

ci1990

member

Activity: 252

Merit: 11

🔰FERRUM NETWORK🔰

I would invest half of it in the projects I like. The other remaining half I would keep as BTC. It's always good to keep some BTC so that later on you can use that to invest in some other altcoins. BTC is like a safe harbor in this sense.

kopisusu

full member

Activity: 1050

Merit: 100

1) Hold the Bitcoin
2) Invest in altcoins and leave a little in Bitcoin
I really like these two options because this will give you a lot of benefits, it's just that you are a little thirsty and have to be careful in determining your altcoin before investing

dang thi bich thuy

full member

Activity: 381

Merit: 100

Why do not you invest in the Altcoins now. I think you should select a few Altcoins in the top 20 on the investment coinmarketcap now that will probably gain a lot of profit and expand your capital.

kipozer

member

Activity: 490

Merit: 11

From my point of view, you definitely do not need to do anything, because in that case it would probably not be very profitable to spend anything out of 12 BTC at all, because it is a lot of money today and I would put this money in ICO as critically risky

Faroxx

full member

Activity: 294

Merit: 100

I think right now the only sure option is to just hold your coins and wait for the next bull run.

xKARELx

full member

Activity: 420

Merit: 100

you should be very happy with this situation and understand that. that soon you will become a rich enough person and you will not need any money in principle

anjho.ace

full member

Activity: 371

Merit: 100

If i do have 12 Bitcoins now i will buy alternative coins.
Ethereum will rise together with bitcoin but you will get more profit from ETH.
There are so many alternative coin in the market which can give more profit than bitcoin.
BTC will gain its value again but you will not get the profit larger that you will get from best ALTS in the community.

bryant.coleman

legendary

Activity: 3752

Merit: 1217

#1, #2 and #4 looks good for me. If I am having 12 BTC in my wallet, I would do the following:

1. Hold 8 BTC for long-term holding (i.e for at least 3 years)
2. Convert 1 BTC to promising alts such as NEO or Cardano
3. Convert 3 BTC to fiat.

ziac

copper member

Activity: 140

Merit: 1

”Decentralized Digital Billboards”

You can always diversify it by investing to some alternative coins or tokens like eth, utility tokens are good just choose the right one. You can also share 1 btc to me

Louis21

copper member

Activity: 140

Merit: 0

If am the one that owns it, I will not disturb myself in using invest in altcoins or ICO. If you have interest in buying ICO, it will be better to buy them once it reach exchange because of them always trade below the ICO price.

Msile

hero member

Activity: 658

Merit: 503

I don't understand, if you really converted 0.01 bitcoin into 12, what you need our help for, it is clear that you have a better strategy than most of us, so I don't understand why you could require our help, as you say it would be better to keep investing, so keep multiplying your investment or help to a project that needs it and brings a lot of innovation on top.

stripykitteh

legendary

Activity: 1176

Merit: 1001

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Quote from: #Darren on November 03, 2018, 05:24:13 AM

I would hold these Bitcoins for a while. Because in 2018, Bitcoin was the most stable coins and I would also buy some more altcoins, because I have the feeling that the pump is near and we will see the green market pretty soon.

I hold Bitcoin for a long time because the coin is building the price and the amount of coins in Crypto.

Topic: I have 12 Bitcoin. What should I do??? - page 6. (Read 18651 times)