Topic: I started earning bitcoins and i need some advices - page 2. (Read 1877 times)

keep them on a cold storage, without increasing your trouble, just use a usb and do a back up of the "wallet.dat" file that you find in the %appdata%(type this on windows search) under the bitcoin folder

the price is based on demand and supply so the swing are greater than forex or anythign else

it might be  a good idea to get a xapo wallet, it seems secure, you can have multiple addresses, although for trading you would have to send manually to an exchange(some if verified can send funds right to bank accounts) or similar to exchange to any currency, although they are starting a debit card program might also be worth looking into.  I wonder if others think xapo is safe place to store btc online ?

i think you got lot of advices of how you can use and what you have to do, i will just tell what i do to save it, i am having hardware wallet in which i keep the bitcoins which i dont want to use it for immediate but for future savings , apart from that other part of earnings i keep in my online wallet through which i use to do sports betting, and recharge my mobile and do some online shopping. so you can now choose to use it which ever way you want. If you want any help you are free to contact me via thread or PM.

Well, there are some honest traders here on the board. i have one who took almost all of my coins for a good price. not for the market price but very near.

if you are from a European country i would recommend to use of the legit BTC<->EUR SEPA-based exchanges.

As others have said the country you are based in will come into play in determining the best way to do this. 
There are companies out there for example Coinbase and circle which allow you to store your btc and sell them for fiat as and when you need to but it is a manual process for you to decide how much and when you want to sell.

From reading your op it sounds like you are looking for a hassle free easy to do process, I mention those two companies as examples, there are many other companies as DannyHamilton states and there will be varying fees involved, my advice would be to spend a bit of time as you are doing and research any company/exchange that will hold your bitcoin so you can make an informed decision.

Nice show you got there. Good to have girl in here too.
I would suggest you just keep those coins, in offline wallet. Just keep them for few years if you do not have need for spending them. Tehy will gain value over time.
If you need to convert them to some cash, use big exchanges already metioned here: Bitstamp and so on.

You are likely to get a lot of very bad advice on this forum.

There are a significant number of registered users on this forum that have chosen to be join advertising campaigns that pay them for spamming advertisements all over the discussion threads.  These people generally don't actually care about helping you and are happy to just make up any response at all to anything you say, just so they can get the advertisement in the discussion thread.  You can typically identify these people by the colorful advertisement at the bottom of their post in the section of their post that is typically called the "signature area".

Be very careful about believing anything they say.  There is a very good chance that they have no idea what they are talking about.  Most of the time, your best bet is to just click the "ignore" link just below their userID so that you don't see any of their nonsense in the future.

That being said, to answer your questions:

Your options for where you can store your bitcoins or exchange them for local currency depends on what country you live in.

There are several businesses where you can send your bitcoins and exchange them for your local currency if you wish to do that.

There are also websites that can help you find local individuals that want bitcoins.  Through these websites you can make arrangements to meet up in a public place to exchange your bitcoins for their cash.

Additionally there are businesses that are willing to accept bitcoin directly as payment for products or services.  For example, expedia.com, overstock.com, tigerdirect.com, Golden Gate casino in Las Vegas, and many many more.

As for exchanging when the price is high, that is an almost impossible thing to predict.  The exchange rate fluctuates based on market demand.  There is nobody in direct control of the exchange rate, and it is impossible to know for certain at any time whether the price will go up higher than it is at that time or will drop lower.  If you know what exchange rate you'd like to get for the bitcoins, then you can make arrangements to only exchange your bitcoins when they are at your target price (or higher).

There is software that you can run on your computer (typically called a "bitcoin wallet") that will allow you to receive, store, and send your bitcoins completely under your own control.  Of course if your computer gets hacked or becomes infected with malware, then someone else with control of your computer could take the bitcoins.  It is up to you to keep your computer secure.

There are also businesses that will offer to hold your bitcoins for you.  They will provide you with an "account", and will receive and send bitcoins for you much like a bank will receive and send local currency for you. Most of these businesses are not audited. They are unregulated and uninsured.  If the business were to disappear, or get hacked, or if an employee were to decide to steal bitcoins then you could lose all your bitcoins.

If you have bitcoins that you don't plan to spend or exchange anytime soon, then it is possible to have a bitcoin address that is completely offline (such as on a piece of paper).  As long as this address is generated securely, it is very safe against hacking and viruses.  It is then up to you to keep that offline information safe from destruction or physical theft.

If you want to talk more about any of these concepts or would like additional information, just let me know.

My advise is keep 50% your bitcoin. Only use 25% bitcoin when you need fiat.

And for the rest, you can trade your bitcoin in exchange.

welcome!

you got three options in my opinion:

1. keep all

2. convert some to FIAT via exchanges like coinbase.com, localbitcoins.com, ccedk.com

3. convert your Bitcoin to stable cryptocurrencies like nubits or bitshares bitusd - 1 nubit/busd is always worth 1 real USD

I'd recommend to keep all of them , at least this is what I would do with my coins if I were you .
If you don't want to do that then there is few exchanges around like Bitstamp , BTC-E , Bitfinex (those are trusted and well known) I'm not sure about the withdrawal methods though . Or you can use Localbitcoins to meet face to face with the buyer and trade for cash or other payment methods .
Now if you mean something automatic that will sell your coins automatically when the price is high and hold when the price is low then I'm not sure about that but maybe there is some kind of BOTs programmed . But beware you shouldn't download tools that you don't know their source otherwise you may finish losing your coins instead of making profit .

Save your spare coins on paper wallet so it will be safe from hackers since you are always connected to the internet

 I watched your show last night. You are spectacular ! By the way, my advice is don't spend your coins. Hold everything you earn! See you soon :*

Hi all,

I'm KarlaJay and i'm a camgirl newbie in bitcoin world. I recently started streaming at Xotika.TV and i need some advice regarding my earnings.

Let's say i make 1 bitcoin / month. First of all i only want to convert part of them and i see sometimes the price is higher and sometimes lower.

Is there some sort of trusted trader or a place where i can keep them ? Everywhere i read its full of warnings not to trust anyone and always guard your coins and stuff.

Is it possible to somehow let someone else handle them , exchange to fiat part of them when price is high, etc ?

I'm not even sure what kind of advice i'm asking for.

Thanks in advance anyways,

(NSFW - http://imgur.com/FkxiWwu )