I do random things on it, I have got in the past that I am still holding. If I need fiat, I exchange it in fiat.
As for altcoins, I do exchange a few of it but not that much a lot anymore.
So to me, it is random whatever I want to do it. I have holdings in BTC but not a fan of too much diversification in many altcoins.
Topic: Voting for signature campaign participants: how do you manage the received BTC? (Read 128 times)
May 11, 2024, 11:26:42 PM
May 11, 2024, 09:00:14 PM
A short introduction.
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
There are more than two dozen active signature campaigns on the bitcointalk with many participants receiving rewards in bitcoin. In this connection, the following question arises for participants of signature campaigns (with reward in bitcoin).
How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
There are more than two dozen active signature campaigns on the bitcointalk with many participants receiving rewards in bitcoin. In this connection, the following question arises for participants of signature campaigns (with reward in bitcoin).
How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
So why not mention that bitcoin has the lowest price until now, and that SOL is just an altcoin that has appeared in recent years. Opportunities are different from each other as far as profit is concerned, it seems that not all of us will approach it the same way.
For me, the money received from signature campaigns is moved to places that I feel are safer than storing it on the personal wallet used to participate in the campaign (which is just personal behavior). And as you mentioned, I also use part of it to spend, hold, and switch to some altcoins.
May 11, 2024, 06:05:20 PM
Is there need to re-invest in bitcoin after having received bitcoin as payment the next is to move the payment to none custodian wallet where I think the payment could be more safer than where I receive my payments.
As for altcoin well, I won't say I am converting my bitcoin to altcoin soon neither I mine fully convinced to hold any altcoin, so, It would be better I have my bitcoin stored in reliable wallet than exchanging them to altcoin.
As for altcoin well, I won't say I am converting my bitcoin to altcoin soon neither I mine fully convinced to hold any altcoin, so, It would be better I have my bitcoin stored in reliable wallet than exchanging them to altcoin.
May 11, 2024, 07:07:46 AM
I'm not sure about other participants but I trade with my received BTC and sometimes I convert it to fiat and withdraw that fiat. I believe its better to hold your BTC in wallets that no one knows about, but the wallets on signature campaigns are fully visible and there is no point to hold your Bitcoin in those wallets for long term.
I believe returns in altcoin projects are 10x to 100x higher than what we get by holding Bitcoin but the risk with those altcoins is also high and any of those altcoins can go to zero value or can literally go 100% down without any warning.
Avalanche reached ATH of $146.22 in previous bull run and now it's at $33.39, Harmony one reached ATH of $0.3798 and now its sitting at $0.01948. Similarly, Solana reached ATH of $260.06 in the previous bull run, but after that it dropped below $10, now it again gained some value because of the meme coins hype but when that hype is over then it will lose its value too fast. I know at there's chance that Solana might reach $500 when this bull run gets intense but there's risk as well.
I believe returns in altcoin projects are 10x to 100x higher than what we get by holding Bitcoin but the risk with those altcoins is also high and any of those altcoins can go to zero value or can literally go 100% down without any warning.
Avalanche reached ATH of $146.22 in previous bull run and now it's at $33.39, Harmony one reached ATH of $0.3798 and now its sitting at $0.01948. Similarly, Solana reached ATH of $260.06 in the previous bull run, but after that it dropped below $10, now it again gained some value because of the meme coins hype but when that hype is over then it will lose its value too fast. I know at there's chance that Solana might reach $500 when this bull run gets intense but there's risk as well.
May 11, 2024, 04:35:28 AM
I voted Exchange partially for alts and partly hold. It's just when I really need it and having that kind of earning is really good but I use it when really needed. I would prefer to have this whenever I need it. It's definitely volatile to trade it consistently, and the partial HODL is what I do as well.
I think HODLing BTC would just give me fewer opportunities unlike if I trade it with other alts that can give higher returns.
I think HODLing BTC would just give me fewer opportunities unlike if I trade it with other alts that can give higher returns.
May 11, 2024, 04:34:19 AM
I will just say that there are probably altcoins that have grown by more than 600-700% in the past 6-9 months, but investing in such a project is a far greater risk than investing in Bitcoin. Those who are only looking for profit will probably look for ways to make more profit, for me personally Bitcoin is the first choice not only as a long-term investment but also as a currency.
In addition, it is said that FTX has billions in various altcoins, one of which is the one mentioned in the OP - I wonder what will happen when one day (and it could be anytime) when they are dumped on the market?
In addition, it is said that FTX has billions in various altcoins, one of which is the one mentioned in the OP - I wonder what will happen when one day (and it could be anytime) when they are dumped on the market?
May 11, 2024, 04:30:53 AM
it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
Many people on the forum do not like investing in altcoins and most are against investing in them. But honestly, we shouldn't be too stubborn and ignore the potential of some altcoins. Especially during the bull season, it becomes easier to profit from altcoins, so take advantage to increase your assets.
Quote
- Hodl;
.I personally hold most of the bitcoins I earned from the signature campaign, but I will sell them if I need money and will sell all of them during the upcoming bull season. I use money from my other job to invest in altcoins and to be honest, I'm focusing more on altcoins at this stage. I believe investing in altcoins will yield better returns than focusing solely on bitcoin, and I don't want to miss out on this once-in-four-years opportunity.
May 11, 2024, 04:23:56 AM
I'm not a very big fan of altcoins apart from a few that are usually on top of the list of cryptocurrencies but from an investor's point of view, I would rather keep holding Bitcoin instead of converting it to altcoins.
So what I do with my signature campaign earnings is convert some of it to fiat when I need funds and keep the remaining in Bitcoin, it depends on the market conditions.
If I know that the market is relatively low and it has the potential to go up from there, I will keep them in Bitcoin and wait for the pump, but if I feel that the market is pretty high and there might be a chance for a dip or a correction, I convert them to a stablecoin and then wait for the dip to buy either Bitcoin or altcoins that I like and trust.
So I check the market and how it's doing before making my decision every time.
So what I do with my signature campaign earnings is convert some of it to fiat when I need funds and keep the remaining in Bitcoin, it depends on the market conditions.
If I know that the market is relatively low and it has the potential to go up from there, I will keep them in Bitcoin and wait for the pump, but if I feel that the market is pretty high and there might be a chance for a dip or a correction, I convert them to a stablecoin and then wait for the dip to buy either Bitcoin or altcoins that I like and trust.
So I check the market and how it's doing before making my decision every time.
May 11, 2024, 04:21:03 AM
A short introduction.
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
We have to remember that we are only taking a chunk of timeline of a specific project but we have to look at the bigger picture here. Bitcoin has been consistently growing since its release so it’s safe to say that it is a much safer bet than any other altcoins.
Quote
There are more than two dozen active signature campaigns on the bitcointalk with many participants receiving rewards in bitcoin. In this connection, the following question arises for participants of signature campaigns (with reward in bitcoin).
How do you manage the bitcoin you received for signature campaigns?
If it is not that huge, holding is the best way to maximize the received amount since the fees will just most likely eat up your money. Hold until it’s big enough and it’s a good time to sell.How do you manage the bitcoin you received for signature campaigns?
May 11, 2024, 04:06:12 AM
Investing in altcoins is more like taking high risks. Now we know that when the risk is high, the returns are also the highest. But in order to get the highest return, I don’t want to take heavy risk. If you ask me then I hodl the Bitcoins only. I don’t think of going to other alts, no matter what returns they give. Yes I exchange the Bitcoins into fiat whenever I need some money in hand. But most of the time I try to hodl. I believe Bitcoins have huge potential and these are just my investments for that.
May 11, 2024, 04:01:56 AM
How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
Bitcoin is not as volatile as some Altcoins, as they can grow higher than bitcoin in price and also go lower than bitcoin in price. For this reason I only see bitcoin as an investment and the other altcoin as coins to gamble on. Using this logic the incentive I get from my signature campaigns are more like an investment for me rather than funds I can gamble on but on the other I also need this money to actually settle for some emergency funds and as such I usually either hodl my bitcoin or at some rare points exchange them to fiat for emergency funds.
Now does this means I don’t say I invest in Altcoins like Solana I say No but it is with extra funds outside the forum that I don’t need and I am willing to risk without that i use to buy them but I don’t consider them an investment.
My reason of holding my signature earnings in bitcoin is the fact that I wouldn’t have to worry about DCAing anymore.
May 11, 2024, 03:58:40 AM
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
Altcoins will give higher ROI but if the bear market begins, altcoins will give the highest losses. How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
I keep some as bitcoin. I exchange some to altcoins. I spend some by converting it to fiat. I hold. So it is all of the above as I also sometimes purchase some items with bitcoin but not so often. - Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
May 11, 2024, 03:43:01 AM
A short introduction.
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
There are more than two dozen active signature campaigns on the bitcointalk with many participants receiving rewards in bitcoin. In this connection, the following question arises for participants of signature campaigns (with reward in bitcoin).
How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
Solana (SOL) has shown returns of 600-700% (at its peak) over the past 6-9 months, while bitcoin has returned approximately 200%. From the investor’s point of view (profit maximization), it was more rational to invest in some altcoin, like SOL (any other altcoin of your choice, as long as it shows a profitability higher than BTC).
There are more than two dozen active signature campaigns on the bitcointalk with many participants receiving rewards in bitcoin. In this connection, the following question arises for participants of signature campaigns (with reward in bitcoin).
How do you manage the bitcoin you received for signature campaigns?
- Hodl;
- Exchange for fiat;
- Exchange for altcoins (reinvestment);
- Exchange partially for alts, fiat and partly hodl;
- Another.
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