Topic: What do you do with your idle coins? - page 32. (Read 30506 times)
Well, my idle coins are just that. Idle. Coins. In my wallet. Majority of my coins are 'idle coins' which I am just holding.
I have majority in my cold wallet. Then some amount investing in the bankroll casino loking for some profit there.
Small portion I have for daily spending. Some sportsbetting etc... .
Small portion I have for daily spending. Some sportsbetting etc... .
Yeah....this is pretty much what I do with my coins. I keep most of my coins in a software wallet and a small amount in my web wallet incase I want to buy something.
I just keep my idle Bitcoins in my wallet. I wish there was someway to gain interest from your idle coins like a bank. Are there any Bitcoin banks? I haven't heard of any. This would be great for Bitcoin if a company did this.
I hold most of my coins and spend some of the coins to increase the circulation of bitcoin. When I spend, I will buy back.
Been buying a bit of bitcoin every month for the past year, I gotta say, its worked out splendid so far 
I just let them be idle. I don't see anything worth investing, all the cloud miners, lending places, HYIPs etc. are platforms for scamming and I stay as far away from them as possible. When the price hiked a few days back to 450+ I did sell some of it to bring back my investment and now the coins I have is all profit, I will buy more when the price drops but right now I am at no loss stage.
I let them sit in my cold storage, the coins that are a long term investment. That's what everyone should do actually and not giving their hard earned money to the scammers out there while trying to invest into shady proposals.
Of course I do have a small amount in my spending wallet, for when I need to buy something and I can pay with bitcoins.
Of course I do have a small amount in my spending wallet, for when I need to buy something and I can pay with bitcoins.
Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.
So, what do you do with your idle coins? Let it sit around?
unlike fiat currencies that are parked in bank accounts getting 0.5% a year..
bitcoin can just sit on a paper wallet.. and gain more than 0.5%.
take this month.. was $250/coin.. now $320. = 28% interest, just by doing nothing
but that is relative to usd. if you're talking about Bitcoin itself, putting it in a wallet will increase the value in btc
this is true, if you want to increase the amount of bitcoin you need to work hard not leaving them doing nothing, but it is because bitcoin is rare not like fiat which is infinite basically
if bitcoin was designed with interest earning by simply living the wallet open(like pos) it would only make it worse
OT: most of my idle coins are sent to my retirement account.
there are still other kind of attack with pos coins, it's not safer, i remember the hacking attempt(that was successful in the end) on mintpal with a pos coin, they lost a big portion of coins there
replacing farm with coin's hoarding will not work, because the whole pos thing will make the rich, richer, instead with a farm it does not matter how much asic you own, you won't gain much more because of the bills to pay and especially because of the halving
It goes with every new tech that, early adopters will have most of the entire supply. Same happened with gold, silver, bitcoins, litecoins. early adopters are all rich. since you can't really stop a blockchain from creating new blocks unless you shut down all the nodes. most altcoins that have volumes will just roller-coaster along with bitcoin. That means every alt that will continue to have volume in the future will succeed. Even the POS coins. However there will only be one bitcoin.
The nature of blockchain technology is sometimes too good to be true.
Doing anything but keeping them idle is too risky for me. I just let them sit and do their thing. People wouldn't take their retirement accounts and actively trade them. Too much risk for something that would go up just sitting idle anyway.
Most of them are sitting in my wallet, waiting for a buy mood of mine.
The rest (15%) i keep on a exchange in case I want to buy something.
The rest (15%) i keep on a exchange in case I want to buy something.
Well ... Actually nothing. I tend not to trade with 'em as I expect myself to divert somehow from the 'buy-low-sell-high' rule, and gambling is out of the question as long-term playing normally results in losses.
i dont do anything with my idle coins though i am planning to buy something after some time if the price will increase
I just let them sit idle in a secure way. I'd rather have my coins safe than to risk them for a few % of gain every year.
Maybe when there are better options to gain interest on the coins, that are safe and backed by real stuff / government (like banks) to ensure you will get your coins no matter what.
Maybe when there are better options to gain interest on the coins, that are safe and backed by real stuff / government (like banks) to ensure you will get your coins no matter what.
As you mentioned in the title they are idle and they are doing nothing.
These coins are only saying at their wallet and waiting to be spent when the price gets higher than now
Sometimes i may trade in alt coins but again i trade to bitcoin but only when i have free time.
These coins are only saying at their wallet and waiting to be spent when the price gets higher than now
Sometimes i may trade in alt coins but again i trade to bitcoin but only when i have free time.
Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.
So, what do you do with your idle coins? Let it sit around?
unlike fiat currencies that are parked in bank accounts getting 0.5% a year..
bitcoin can just sit on a paper wallet.. and gain more than 0.5%.
take this month.. was $250/coin.. now $320. = 28% interest, just by doing nothing
but that is relative to usd. if you're talking about Bitcoin itself, putting it in a wallet will increase the value in btc
this is true, if you want to increase the amount of bitcoin you need to work hard not leaving them doing nothing, but it is because bitcoin is rare not like fiat which is infinite basically
if bitcoin was designed with interest earning by simply living the wallet open(like pos) it would only make it worse
OT: most of my idle coins are sent to my retirement account.
there are still other kind of attack with pos coins, it's not safer, i remember the hacking attempt(that was successful in the end) on mintpal with a pos coin, they lost a big portion of coins there
replacing farm with coin's hoarding will not work, because the whole pos thing will make the rich, richer, instead with a farm it does not matter how much asic you own, you won't gain much more because of the bills to pay and especially because of the halving
i just wait and hope for a huge price increase to happen
Personally, I have some of them in Bit-x in the form of GHS. It has good reputation and you can sell your GHS back. Then I have a lower amount in RDPmain, which is not so reputed but provides a 1%+ daily (you cannot sell mining power back in this one).
Other option which is risky is to buy POS coins and let them stake, but usually they lose value while you hold them and end losing more than you stake.
Trading is also a good option, buying and selling in small amounts.
Other option which is risky is to buy POS coins and let them stake, but usually they lose value while you hold them and end losing more than you stake.
Trading is also a good option, buying and selling in small amounts.
Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.
So, what do you do with your idle coins? Let it sit around?
unlike fiat currencies that are parked in bank accounts getting 0.5% a year..
bitcoin can just sit on a paper wallet.. and gain more than 0.5%.
take this month.. was $250/coin.. now $320. = 28% interest, just by doing nothing
but that is relative to usd. if you're talking about Bitcoin itself, putting it in a wallet will increase the value in btc
this is true, if you want to increase the amount of bitcoin you need to work hard not leaving them doing nothing, but it is because bitcoin is rare not like fiat which is infinite basically
if bitcoin was designed with interest earning by simply living the wallet open(like pos) it would only make it worse
OT: most of my idle coins are sent to my retirement account.
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