What do you do with your idle coins? - page 33.

Amph

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Quote from: kyrios_ on November 24, 2015, 11:24:34 AM

Quote from: franky1 on November 24, 2015, 11:23:12 AM

Quote from: biggbox on October 03, 2015, 10:50:50 AM

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

Kevin77

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Quote from: franky1 on November 24, 2015, 11:23:12 AM

Quote from: biggbox on October 03, 2015, 10:50:50 AM

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

That's the beauty of bitcoin value appreciations I strongly believe in. Invest in bitcoin and leave them idle for some period but not lesser than one year from today. Idle coins will turn as golden coins. This can be repeated till all the bitcoins will be mined out, that is for next 140 years we can enjoy this.

kyrios_

full member

Activity: 210

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Quote from: franky1 on November 24, 2015, 11:23:12 AM

Quote from: biggbox on October 03, 2015, 10:50:50 AM

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

franky1

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Activity: 4396

Merit: 4755

Quote from: biggbox on October 03, 2015, 10:50:50 AM

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

richardsNY

legendary

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Nothing beside buying some cheap things from time to time. I will more actively use some coins for when it is Bitcoin Black Friday. So, my coins will get used

kyrios_

full member

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Quote from: biggbox on November 24, 2015, 02:06:41 AM

Hi guys.

Any more ideas?

Please share.

My take on hashnest - although it is a good place to park and grow your idle coins, but you have to bear in mind of the fluctuation and the manipulation; might end up losing coins if you are not careful.

have some Bitcoin in hashnest too! one of the easier platforms to trade for profits and if you're lazy you can leave it there and earn mining profits. but liquidity can be quite low. time to time whales might come and eat planktons too. so must watch it periodically.

another one I tried is lending on poloniex for margin trades.

croato

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1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

I am using Bitcoin to purchase goods which i would anyway buy with cash whenever i can, and right now i just hoarding and holding rest cause i sold most of it in past bull run.

randy8777

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now the bitcoin block halving is comming closer i am more in saving mode than ever before. my coins will stay sleeping for at least 1 more year.

Hugroll

hero member

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i just store my idle coins in a paper wallet, that i dont expect to take out anytime soon. i figure if i have no use for the coisn right now? why not just store them for a couple of years until bitcoin price decides to explode.

LuckyYOU

sr. member

Activity: 280

Merit: 250

I just let them sit there until I know I can make a good investments with some good profits.

So yes for now just sitting in my wallet, not collecting dust.

Jeremycoin

legendary

Activity: 1022

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𝓗𝓞𝓓𝓛

I actually don't have an idle Bitcoin in my wallet, even if I have it must be just a small amount.
Because if I have some Bitcoin, I couldn't hold my soul to not spend it. Cheesy

biggbox

sr. member

Activity: 448

Merit: 250

Hi guys.

Any more ideas?

Please share.

My take on hashnest - although it is a good place to park and grow your idle coins, but you have to bear in mind of the fluctuation and the manipulation; might end up losing coins if you are not careful.

Pursuer

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Activity: 1638

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Where is my ring of blades...

Quote from: abonarea on October 07, 2015, 11:45:36 AM

I would like to let them sit idle instead try to trade and loose.Actually I am holding for long terms and use online wallet for pay for services or goods I need and for sending funds too.

but you can use a portion of your bitcoins to trade. it is good to be active and earn a profit from what you already own. besides you can invest a small amount that you can afford to lose and earn profit then use that profit to invest more.

biggbox

sr. member

Activity: 448

Merit: 250

BW.com also has a 'banking' service for you to store your coins with a monthly interest

abonarea

legendary

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I would like to let them sit idle instead try to trade and loose.Actually I am holding for long terms and use online wallet for pay for services or goods I need and for sending funds too.

coinplus

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Quote from: lexuz on October 07, 2015, 11:22:54 AM

Just let it sit until right now because i'm wait until halving block coming and i want to sell all my coins

But I do not see a immediate hike on the event of block reward halving. It need some time logically a round involving old miners, new miner, new buyers and difficulty changes. Bitcoin needs to be held for long time, but you can en-cash from it when ever you feel a good price. But all at a time must be a bad idea.

lexuz

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Me, myself and I

Just let it sit until right now because i'm wait until halving block coming and i want to sell all my coins

richkellj

hero member

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Quote from: 7788bitcoin on October 07, 2015, 05:16:38 AM

Quote from: Persuade on October 07, 2015, 05:09:24 AM

im holding my bitcoin until i reach a decent amount for now im gonna earn by doing faucets
and surveys and also play some games to reach my goal of cashing it out

Faucets & games pay only tiny dusts. Perhaps you should make use of you time to do something more meaningful and earn some real money to buy bitcoin. That will be faster...

Yes dust is the perfect term to name their payment amounts. I have wasted more than one year in faucets without knowing about signature campaign. Because I do not have bitcoin friends in office. Now I use this forum for new earning methods.

7788bitcoin

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Quote from: Persuade on October 07, 2015, 05:09:24 AM

im holding my bitcoin until i reach a decent amount for now im gonna earn by doing faucets
and surveys and also play some games to reach my goal of cashing it out

Faucets & games pay only tiny dusts. Perhaps you should make use of you time to do something more meaningful and earn some real money to buy bitcoin. That will be faster...

Persuade

newbie

Activity: 20

Merit: 0

im holding my bitcoin until i reach a decent amount for now im gonna earn by doing faucets
and surveys and also play some games to reach my goal of cashing it out

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