Topic: My first Bitcoin , what now ? (Read 3501 times)

@Jamacn I'am pretty sure that this has anything to do with what I posted but okey glad to know how you made your first Bitcoin .
@rememberme As I said on all my posts , I do not gamble . thanks for the suggestion tho

Anyway , thank you for all your suggestions and opinions guys , It was pretty helpful . I decided to keep those Bitcoins and try to make more and hold them till the price rise . Locking this thread now

~ Madness

prime dice it

My first bitcoin is mined on my computer by 0.991, in 2012

@ChuckBuck , Yeah I will try to contact him , I saw his last thread about "do you trust your self to keep your private keys" and seems like he is online those days.
@chrudat , If you read the previous replies of mine you will know that drugs is the worst also against my religion thanksfor the offer tho.

~ Madness

Buy drugs if no girlfriend. I give bad advice.

Believe @Xapo is active right now in this forum, so you can even PM them directly to get more details to your questions.

@ChuckBuck , Thanks for your link mate going to check it out , hopefully it's for free for now
@ETFbitcoin , Not a fan of games , at least not that much . Only games I need is Dota which is free and CS:GO which I already have they are a lot of fun and I don't need others , most of steam games that I own are basically for Re-selling (Buy low , sell high , profit)

@Kipsy89 , Excuse my ignorance but Cold storage means Offline wallet / Hardware wallet or something simillar ? for now they are on my Desktop wallet

~ Madness

I can speak out of experience when I say: Just go and put them safely in cold storage! You don't want to try to mess around with them. You'll most likely only end up losing them to some scam or they get stolen from a platform.

Believe it's still in Beta so could be free for now.  If not, then looks like $15 for ordering a Xapo Debit Card:

Here's the fee structure:

http://support.xapo.com/95219-What-fees-are-associated-with-the-Xapo-Debit-Card

My advice would be similar to the person above :
u may hold it for long term till the price rise or try investing it for returns and go with the flow.Don't gamble with it.u may also invest in some bitcoin project.

Thanks for your reply . Well to be honest they are totally useless also in Algeria since We don't use Debit or Credit cards around here , when you are in a Shop , you just give them cash and they give you the product or whatever you bought . I know I'am suffering

Still , I may be interessted , do you have an Idea how much the price of that Debit card ? I may use it if I travel to United Kingdom soon

~ Madness

Don't use it. It's as stupid as using gold to pay for useless shit. To buy useless shit use useless fiat, not something that has the potential to x100 in the next decade. Like it or not Bitcoin is mainly a store of value, in the future maybe it will get used more.

Hey Madness,

About you get one of these and and see if you can use it in your everyday stores:

https://in.xapo.com/campaign/debit/

https://xapo.com/

Pretty sure you shouldn't have trouble using a Bitcoin debit card in Algeria.

Chuck

Cloud mining is RIPOFF don't fall for it!!
Also if i wouldn't know what to do with my coins and would have everything for free then i'd buy some weed and acid

Not really on topic, but since you're 18 and I see that you mentioned you wanted to start a wordpress blog and stuff for some additional income, maybe this guy will interest you: http://onlineincometycoon.com/about/

After you get income, put it all in bitcoin! Screw those who say "don't invest more than you can lose". At 18, you can lose it all and it won't have a bit affect on the rest of your life. But if bitcoin really takes off, the benefits really will affect your life.

You should travel outside of Algeria. Meet new people, guys and girls with different beliefs than yours.

Okay look - If I were in your shoes, I would ask myself - 'what could bitcoin be used for, here, in Algeria, that provides a safer advantage than cash?'

Off the bat, it works great for prepaid deliverables - if you setup a membership based system where a Bitcoin address is associated with a user-id then it provides a HIGHLY convenient mechanism to verify payments and receive funds. 

Also, you ask, what now? What do you want?  Do you want to spend it or do you want to simply earn more?  If you're looking to reward yourself, then do what the other hero member here had said - save away a good chunk of it (just in case a black swan event happens and BTC does reach a much larger number than 1200 dollars).

I would take a much smaller chunk of your earned BTC and would probably try out trading LTC as well - Don't try anything fancy, just set a plan into action and trade on the rallies to make more money.  (I want to earn 5%+ profit on ALL trades this year) 

OR go a completely different route:  Spend the next 3 months on Codeacemy and stackoverflow.  Learn HTML, then CSS, then Javascript.  Now move onward and try to tackle MEAN Stack framework  (MongoDB EmberJS AngularJS NodeJS)

NOW - make some REAL BTC (as in command .2 BTC per hour from clients/employers for your professional-grade web-engineering expertise).


About the blog - If monetized properly, I've read that Google Adsense can pay between 12-30 dollars roughly for every 500 daily visitors (though this was a projection based on averages and may differ for you)


(This is probably a grimy/cutthroat example and should probably be avoided as you could be targeted if things go bad, though its not necessarily illegal in any way  - hire on 5+ of your buddies - set them up with Amazon Mechanical Turk Accounts [THAT YOU CONTROL]. Use Purse.io to convert the earnings directly into Bitcoin - there is a 8-20% hit on that, but by doing this you will have a loophole to convert MTURK into BTC.  Pay your friends 70% of what they earned and hold onto the remaining 10+% as profit. In order for this to work best, you need to also have friends who want to make spare money, who have a good 4-6 hours per day to work, who can be trusted to do reasonably good work on their own - if they do a shitty job, it causes YOUR reputation to be harmed)

Sorry because I wasen't answering to your suggestions guys , it's because I got banned for a while and now I'am back .
Thanks for all your suggestions .

@ChuckBuck , Most of those companies don't ship where I live (Algeria) so It's little bit hard to buy anything from them . for Gift cards ... I can find them cheaper then their original price , I found 10$ for 10$ gift card is a little bit expensive

@Amph , Got the idea to involve my self on Alternative coins , but really and till now can't find something that I will make profit with , certainly not without automatic BOTS or such things . and for making a Gambling website pretty sure It require more then 1 BTC to start unless I was willing to scam people then that's another story also even if I was rich , I wouldn't open Gambling website because as I said it's against my religion thanks for your su ggestion tho

@Alexis , Well I guess im just not like them


~ Madness

Easiest question in the world....go for your second Bitcoin!  

No seriously, accumulate more, spend a little, buy a little, accumulate more...rinse repeat.

What good is hoarding, if you can spend it like it's intended purpose?

Here are ways to spend it:

https://purse.io/

https://brawker.com/

http://www.gyft.com/

http://www.overstock.com/

http://www.dell.com/

http://www.microsoftstore.com/

http://www.newegg.com/

Always replenish what you spend though.  This is the way to push the Bitcoin ecosystem forward.  Spending and replenishing.

the only way is to invest, to increase that little bitcoin, maybe some altcoin that is still new, or run a gamble site your self, with a sign campaign(dunno if one btc is enough for that)

you should look to create a small business