Author

Topic: Trying to be prudent with bitcoin (Read 1144 times)

WiW
sr. member
Activity: 277
Merit: 250
"The public is stupid, hence the public will pay"
May 25, 2013, 11:02:03 AM
#8
I have BTC put aside in paper wallets for savings (even if I wanted to use them, taking them out of the paper is a hassle Wink ).

On top of that, every once in a while I take all the paper money (or as I like to call it, monopoly money) change that I have in my wallet, convert them for BTC, and keep them on my phone. That way I always have some small change in BTC ready to spend. Between friends we settle small debts in BTC, buy eachother beer for BTC, etc. so I always have use for this pocket change.

tl;dr - If you want to have savings, put in savings. If you want to have spendable change, put in your phone. These do not contradict.
newbie
Activity: 28
Merit: 0
May 24, 2013, 12:06:53 PM
#7
always step by step... as for anything
hero member
Activity: 728
Merit: 500
May 24, 2013, 10:26:34 AM
#6
Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.

Worth repeating.

Long-term, BTC has completely insane potential.  Short and mid-term? Be ready for a bumpy ride.
sr. member
Activity: 280
Merit: 250
May 24, 2013, 02:12:28 AM
#5
You don't have to be prudent.
hero member
Activity: 602
Merit: 500
R.I.P Silk Road 1.0
May 24, 2013, 02:09:39 AM
#4
Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.
full member
Activity: 197
Merit: 100
May 24, 2013, 01:48:46 AM
#3
member
Activity: 104
Merit: 10
May 23, 2013, 09:21:23 AM
#2
invest as much as you can afford to lose!
newbie
Activity: 31
Merit: 0
May 23, 2013, 09:11:11 AM
#1
I'm not invested heavily into bitcoin, as it's just a curiosity for me, but I do want to maintain a small investment in it. To that end, I am just about to get my first whole btc, and although I am thinking of buying something with it, that would just instantly spend the btc that I have, so I wouldn't have any investment in it any longer. Is it prudent to- for example: decide on a btc purchase within the amount of BTC that I have, and then before buying whatever it is that catches my fancy, buy that many BTC so I still have my original BTC?
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