What do you do with your idle coins? - page 35.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: christycalhoun on October 04, 2015, 08:29:22 PM

I'm currently just sitting on mine. I'm not so sure what to do with them.

My BTC and LTC are sitting in paper wallets in the local banks safety deposit box...likely 'taunting' the fiat in the other boxes as being sooooo 20th century

The reason for the safety deposit box is 1) its huge 2) its only 45 bucks a year and the MAIL the bill so no issues there 3) if the bank sinks into a sinkhole or something and all is lost..well just proof the asic gods hate me ..imho and I could then write it off to 'fate'

should some such bank 'catastrophe" happen

and of course if i get hit by a truck my brother is on the safety deposit box record so he can pull them

(damn just jinx'd self)

the magic beans will grow ..or I will have a lot in common with the state beanie baby club

christycalhoun

sr. member

Activity: 378

Merit: 250

I'm currently just sitting on mine. I'm not so sure what to do with them.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

Quote from: oblivi on October 03, 2015, 10:59:12 AM

I just have them sitting... that's all. Im also looking for ways to generate interest out of my modest stack (less than 2 figures) but it seems "everything is a scam" and I get told by everyone everytime I ask it that I just should hodl.

BTCJam was an idea I had but apparently so many people default, they run with your money without any consequences and you just lose it.
Most "Put your money here and generate interest" things are just good ol ponzi schemes. It seems no one is coming up with a serious platform to securely do this.
So yeah im afraid we are stuck with holding and holding only.

Even if you are wary, I would still highly recommend BTCJam. Yes, it is possible that the person you loan can scam you and run off with your money. However, they have a pretty intuitive credit rating system over there, and you can pretty easily tell which loans are 100% legit or not. You can choose only to loan out to people with a high credit rating and extensive (flawless) loan history, and at that point it's a very low risk. The profit will not be too much on these lower risk loans, but it is much better than leaving your money sitting around doing nothing.

--Encrypted--

copper member

Activity: 924

Merit: 1007

hee-ho.

I let them stay idle until I absolutely need to use some. which happens pretty often.

Yofun

sr. member

Activity: 462

Merit: 250

Invest some into Iznop

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: ashour on October 04, 2015, 05:58:00 PM

I either invest it in 1broker or buy gadgets from wish or geek. But most of the times I try to save the idle btw up.

Mind sharing the URLs?

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: Ceizer54 on October 04, 2015, 01:52:09 PM

I don't usually have idle coins in my wallet because i use them to purchase something online,but when i do,i move them to vault..it keeps my bitcoins safe and thus i hope for the bitcoin price to grow..believe me you can't just grow your idle coins by investing in ponzy/hyip..the better way is to just hold them and wish for the price to go up Wink

What's the difference between vault and cold storage? Or is the term interchangeable?

ashour

sr. member

Activity: 490

Merit: 250

I either invest it in 1broker or buy gadgets from wish or geek. But most of the times I try to save the idle btw up.

mallard

full member

Activity: 196

Merit: 100

Quote from: notiely on October 04, 2015, 09:43:15 AM

Quote from: MisterMoney on October 04, 2015, 08:46:57 AM

Invest to hyip.

That's also what i'm doing now.

Say goodbye to your coins.

Ceizer54

full member

Activity: 196

Merit: 100

I don't usually have idle coins in my wallet because i use them to purchase something online,but when i do,i move them to vault..it keeps my bitcoins safe and thus i hope for the bitcoin price to grow..believe me you can't just grow your idle coins by investing in ponzy/hyip..the better way is to just hold them and wish for the price to go up Wink

notiely

member

Activity: 77

Merit: 10

Quote from: MisterMoney on October 04, 2015, 08:46:57 AM

Invest to hyip.

That's also what i'm doing now.

Lenore

full member

Activity: 168

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

I put all the coins I can in lending accounts. If the coins arent able to be I sell them off and turn them into lendabke coins. That way my coins are always at work.

MisterMoney

member

Activity: 65

Merit: 10

Invest to hyip.

Q7

sr. member

Activity: 448

Merit: 250

Well I just let it sitting around idling in my account. If I'm bored, then I'll just get involved in providing services and then watch the numbers increase. Or if there is a good trading opportunity, then I'll also consider. Much better than park it in a high yield investment account which carries the unnecessary risks of losing everything. I'm not desperate so it's better to be safe than sorry.

Zombier0

sr. member

Activity: 435

Merit: 250

I invest in altcoins

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

Keep our coins idle is the best choice then try invest with big risks.
Sometimes, i just spend few of them for gambling

Trading or cloud mining could be the best way to invest your idle coins

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: ~Bitcoin~ on October 04, 2015, 12:17:57 AM

I am running bitcoin faucets with my idle coin. But on starting months there will be more expenditure than income. But after you get some good number of daily visitors you will start earning. You should have some coding knowledge to get better return.

I am happy wtih this as i am getting some return like 20% more than i giveaway in claims.

That looks interesting! But in what time period do you start having +20%? You said "on starting months there will be more expenditure than income" so how long does it really take, 5-6 months or more?

dexX7

legendary

Activity: 1106

Merit: 1026

JoinMarket (warning: experimental, as far as I know) may be used to gain a tiny interest for providing coins for CoinJoins:

https://bitcointalksearch.org/topic/m.10096563
https://www.reddit.com/r/joinmarket

To quote:

Quote from: belcher on January 09, 2015, 04:21:36 PM

Elevator Pitch for Investors

Firstly I'd like to clarify what I mean by investing. I don't want you to give your bitcoins to me. I dont want you to give your bitcoins to anybody. The private keys would be safely held on your own computer, known only by you and your wallet.

Features:
1. Earn an income from your investment bitcoins.
2. Very low risk. Your coins have to be on an online computer, but the software would only sign transactions that are valid and pay you the correct amount.
3. No commitment, withdraw your bitcoins at any time.
4. Improves the privacy of the bitcoin transactions, which makes bitcoin as a currency more useful and thus increases its value.
5. Improves the fungibility of bitcoin, since the distinction between 'clean' and 'dirty' bitcoins will be meaningless. Eliminates this particular systemic risk to bitcoin.

Downside:
1. Your return is likely to be quite low. Low risk = low reward.
2. You don't get paid unless people who desire privacy actually use this. If you're an investor you have an incentive to tell people about JoinMarket.

Some Dice sites allow to deposit coins for the house, where gains (and losses) are shared.

But in general, I share the sentiment: better check these things twice, before giving away the control over your bitcoins.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: 1Referee on October 04, 2015, 04:32:13 AM

Quote from: dothebeats on October 04, 2015, 02:07:29 AM

Quote from: 1Referee on October 04, 2015, 01:36:35 AM

I have coins sitting in my cold wallets from 2013 till now doing nothing Cheesy

I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

Keeping them has a lot more potential to give you amazing returns rather than investing them onto something which could possibly scam you or run away with your money. In this kind of ecosystem that we have, it's really better trust your own self with your own money rather than asking someone to keep/multiply it for you.

People always look at how they can invest their precious Bitcoins in shit coins or scammy cloud mining sites. They don't realize that holding Bitcoin is an investment already. Holding Bitcoin is the best possible investment with the least risk. And the best part is that you have your own coins in control.

You can't really do anything when the greed takes over! All of us wants to see our Bitcoin balance growing daily. That's the problem. If you don't have self-control, you are pretty much screwed. That's how people are losing their money daily and scammers are profiting.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: dothebeats on October 04, 2015, 02:07:29 AM

Quote from: 1Referee on October 04, 2015, 01:36:35 AM

I have coins sitting in my cold wallets from 2013 till now doing nothing Cheesy

I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

Keeping them has a lot more potential to give you amazing returns rather than investing them onto something which could possibly scam you or run away with your money. In this kind of ecosystem that we have, it's really better trust your own self with your own money rather than asking someone to keep/multiply it for you.

People always look at how they can invest their precious Bitcoins in shit coins or scammy cloud mining sites. They don't realize that holding Bitcoin is an investment already. Holding Bitcoin is the best possible investment with the least risk. And the best part is that you have your own coins in control.

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