I stll don't know what to do with my Bitcoins... - page 2.

Janademir4

full member

Activity: 238

Merit: 101

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

my suggestion for the moment you do not spend your bitcoin for the things that you inignkan now, keep your bitcoin for now until there is a certainty of bitcoin legality in your country, that's what I do now

CryptoBeefy

full member

Activity: 378

Merit: 100

I keep mine to hold and hope the value keeps rising. I also trade some for other altcoins.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: KEPLER99 on October 04, 2017, 10:50:30 AM

Quote from: streetlight on September 30, 2017, 08:19:31 AM

If you still don't know what to do with your Bitcoins then just hold them! That's what you should be doing right now as it's still in the store of value stage. Just keep holding and then in 5-10 years you can start spending a little.

I find it as the silliest question to ask what to do with the bitcoins. Bitcoins are really precious assets and as it is all about having money then the need to ask for its usage is meaningless. You can invest theme in the form of some business or keep up with the trading thing so that they might prove helpful instead of keeping them closed in your pockets and wasting the opportunity to become richer with the passage of time.

Just keep it save if you have no idea what to do with bitcoin so saving is the best option because I am sure that you will have a future plan and when you realize that the price is high then sell and can use it for right purpose also little bit you can use it for your daily expanse but no need to waste bitcoin because it have change a life of people already.

jennywhzz

sr. member

Activity: 415

Merit: 250

Quote from: desi92 on October 05, 2017, 04:40:03 AM

For now you can not do many thing offline with bitcoin. But see next future.
Bitcoin such as kind of investment that we can buy cheap and sell it when the price go up for long term.
If online you can do many thing, such as payment without third party.

Then just sit back and hold them. Another year from now should have at least another $1000 increase. Of course, this the time of year that the people make weird and hasty choices and the rumors fly and the markets get a little crazy, but you get the idea.

If you are not sure what to do with bitcoins, just do nothing with them and keep them save.

bajing

legendary

Activity: 1176

Merit: 1001

The most Professional Cryptocurrency Casino

Quote from: Akash1243 on October 05, 2017, 05:22:19 AM

If your country accepts bitcoins then buy things from Bitcoins but if you hold them it would be more profitable as bitcoins prices increases very fast so holding them for long term would be the most logical option as you are not sure what to do with bitcoins.You can also invest in some good and real ICOs they are quite profitable in short run.

Although we believe that bitcoin is a promising investment but I think it's much better not to advise people to invest in bitcoin because bitcoin prices are volatile, in just hours the price has gone down or up. well, this is a problem because not everyone will keep hold of most of them will panic and sell bitcoin at cheap price.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

First of all no I'm not facing any such issues. Secondly, if you really feel like you can't do anything like which you can do with fiat then better convert your bitcoins to fiat and spend as you have been spending till now. If you find it hard or if there are any restrictions imposed by the government of your country and it's not easy for you to convert bitcoins to fiat then you can sell them to some reputed members of this forum for PayPal, perfect money etc. That's the only best option available to you in my opinion.

HankTheTank

newbie

Activity: 33

Merit: 0

If it is illegal to hold your bitcoins convert them illegally to your bank account and say that you have earned it from a friend. Maybe with this you can have more money.

Then you can spend your money, but if you can't do this you can pay in some shops with bitcoin this is where you can spend it most of your time.

Zorbak

member

Activity: 167

Merit: 10

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

What?

Just use it online shop or get a dBTC debit card and use them everywhere

Akash1243

sr. member

Activity: 392

Merit: 257

If your country accepts bitcoins then buy things from Bitcoins but if you hold them it would be more profitable as bitcoins prices increases very fast so holding them for long term would be the most logical option as you are not sure what to do with bitcoins.You can also invest in some good and real ICOs they are quite profitable in short run.

Aikidoka

sr. member

Activity: 1078

Merit: 342

Sinbad Mixer: Mix Your BTC Quickly

I do understand your situation you are put into. If your country still does not accept bitcoin, then all you have to do is save as much bitcoin as you can. My country does not even know about bitcoin, yet I am using bitcoin as a source of money. You may wonder how I am transforming bitcoin into a real money. Well, it is easy. You just have to transfer bitcoin to Neteller into the currency you want. And then sell the currency to people who want to buy it. For example, I sell EURO to people who are into sports betting. That is what I do if I want to use bitcoin for my benefits.

DerDerrick

newbie

Activity: 33

Merit: 0

I would use them for trading or in real life investments both are simple ways to earn more money it is like you get money from an investment and you use that to invest again in toher things this way you would still keep making money.

andthereyou

full member

Activity: 616

Merit: 102

If I were you I will use that bitcoins for trading .Trading is fun(like trading stocks) it will give you something to do with your bitcoins for a while. While your country is not yet accepting bitcoin, you're trading to multiply it then you will have much bitcoins when the time comes you can use it in your country.

FrueGreads

legendary

Activity: 1582

Merit: 1059

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

No you are not the only one facing this. In fact that's the reality in most countries. Even in Japan, and in some states in the US, where bitcoins already have some support from merchants, it's very hard to use it, at least in a regular way. Mostly because of the high fees and slow transaction speeds. I don't consider this a problem though, at least not at this time. It's still to soon for that, and the best use for bitcoin is to do what you just said. Acquire and hold them, as they raise value. If their use will be just like gold, there is really no problem in it from my point of view, but I still think you will be able to do both things with bitcoin in the future.

If you really want to spend them, try using a crypto debit card. I never used one, but I heard good things about Monaco and TenX, so check them out and see if it suits your needs.

inevertell

full member

Activity: 172

Merit: 100

Save it like a money in bank

desi92

full member

Activity: 210

Merit: 106

For now you can not do many thing offline with bitcoin. But see next future.
Bitcoin such as kind of investment that we can buy cheap and sell it when the price go up for long term.
If online you can do many thing, such as payment without third party.

mevmike

full member

Activity: 294

Merit: 100

for me bitcoin is for long term investments.
if i will buy a coin i have already decided to hold it for a long time.
but there are people who would like it better to spend it immediately if they have earned something.
you are free to do anything with your coins.
but my advice is, its better to just hold into it...
Cheesy

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

If you have no idea what to do with your coins for now then you should just keep on earning it and store in a wallet because sooner or later it will be more valuable than what it is today. You cannot buy anything in your country as what you said so your only option is to store it because maybe in time, there would be a merchant in your place who would accept bitcoin. If you wanted to cash out bitcoin then maybe there is a way like sending it to Payza, Neteller or any exchange platform that you can exchange bitcoin with. For sure, there would be a way that you can cash out.

nazzzzz

member

Activity: 75

Merit: 10

Quote from: Mjuke on September 30, 2017, 05:50:05 AM

Besides keeping it to raise in value later. There is not much I can do...

With fiat money, I can pay rent, go to restaurants, buy clothes. But with BTC, there is basically no stores that accept them in my country. Sure it's easier online, but then again the stores might not have the best products or is the cheapest/best value.

Am I the only one facing this issue?

why you say that you can pay throw internet (many sites accept bitcoin)
- use prepaid cards
- use paxful or localbitcoin to exchange it

- use exchange forum to exchange it into any kind of money

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

If you don't know what to do with your coins, then it will be better to put them in cold storage and forget about them. Just make yourself a target, such as $25,000 or $30,000 per coin. Come back and cash out once the target is achieved. But I have to warn you that you need extreme patience for doing this.

Triwnis

newbie

Activity: 12

Merit: 0

Quote from: Dobmader on October 04, 2017, 12:22:29 PM

you should invest your bitcoin for future because bitcoin future will bright.

Yes, but what if he has already invested. You need to simple wait then it will take a few years thats a lot of time but its worth the money. You can after that invest in altcoins like what Im doing.

I invest in something i have made my profit i invest in other things, because i have earned money so easily so why not invest to have more ?

Topic: I stll don't know what to do with my Bitcoins... - page 2. (Read 3091 times)