what should I do with 0.20247 bitcoins?

Tammy Chan

hero member

Activity: 820

Merit: 1000

Quote from: Bizmark13 on June 27, 2014, 03:28:54 AM

Quote from: nwfella on June 26, 2014, 10:47:37 PM

Quote from: r1973 on April 27, 2014, 01:49:44 AM

I bought some 10.4 bitcoins for 495USD a few days ago. I am saving(!) most of it for my family members. the 0.20247 are the "left over" in my wallet, and I want to do something with them - to learn and gain experience.

If you purchased 10.4 bitcoins for $495USD please for the love of god hook me up with this person!!! You can have my first born!

Hmm... Either he bought 10.4 bitcoins for $495 in total or he bought 10.4 bitcoins for $495 each. The former seems unlikely because that price would be too cheap. But the latter also seems unlikely (although not the same extent) because it would mean that he spent over $5,000.

I believe it is very likely the latter case.
That $5000 may probably be just a tiny fraction of his family's savings. After all, he considers 0.2 btc as "left over" Tongue

deadwood

newbie

Activity: 31

Merit: 0

Buy a domain and hosting for a year - namecheap.com accepts BTC, and they do domains + hosting, though for the latter there might be some other, cheaper hosts.

Build a website, a blog, a personal gallery, whatever. You probably won't make any money off of it, but hey, having a place online to call your own is neat. (Source: I have a place online I call my own Cheesy

)

If you want, you can do something for the community using that website, and ask for BTC tips. You never know!

Bizmark13

sr. member

Activity: 462

Merit: 250

Quote from: nwfella on June 26, 2014, 10:47:37 PM

Quote from: r1973 on April 27, 2014, 01:49:44 AM

I bought some 10.4 bitcoins for 495USD a few days ago. I am saving(!) most of it for my family members. the 0.20247 are the "left over" in my wallet, and I want to do something with them - to learn and gain experience.

If you purchased 10.4 bitcoins for $495USD please for the love of god hook me up with this person!!! You can have my first born!

Hmm... Either he bought 10.4 bitcoins for $495 in total or he bought 10.4 bitcoins for $495 each. The former seems unlikely because that price would be too cheap. But the latter also seems unlikely (although not the same extent) because it would mean that he spent over $5,000.

Spayse

hero member

Activity: 546

Merit: 500

You should buy some potential alt-coins

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: r1973 on April 27, 2014, 01:49:44 AM

I bought some 10.4 bitcoins for 495USD a few days ago. I am saving(!) most of it for my family members. the 0.20247 are the "left over" in my wallet, and I want to do something with them - to learn and gain experience.

If you purchased 10.4 bitcoins for $495USD please for the love of god hook me up with this person!!! You can have my first born!

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: zimmah on June 26, 2014, 07:36:26 AM

Quote from: Harley997 on June 25, 2014, 07:29:16 PM

Quote from: Testing123 on June 24, 2014, 10:47:40 PM

Quote from: Harley997 on June 24, 2014, 10:06:20 PM

Quote from: zimmah on June 24, 2014, 03:16:19 PM

Quote from: r1973 on April 27, 2014, 01:56:37 AM

Quote from: activebiz on April 27, 2014, 01:53:55 AM

U can invest in a mining contract.

Please explain and suggest links....

i think casinos are more profitable than mining, but after just-dice stopped their services i'm not sure which casino is going to be the most popular.

i personally like www.satoshicarnaval.com but i'm not sure if it will catch on.

Casinos willtake your money at an average rate of the house edge every bet.

Cloud mining will probably never ROI.

Casinos will probably make you lose your money quicker and cloud mining may be somewhat educational about how bitcoin and mining works. Both are bad investments.

IMO if you do not have any need to spend the bitcoin then you should hold it

It seems what zimmah suggested is not gambling in casinos, but investing in bankroll of casinos.

This is less risky, however is still not without risk as it would be possible for "larger" gamblers to have short term good "luck" and creating negative returns for the bankroll.

depends on how the site is setup, if the kelly is low enough the risk is minimal.

Most wesbites offer as low as 1/4 kelly, which means the risk to lose your investment is close to 0.

these are the options i know of:

There are at least 4 websites other than just dice where you can invest in.

Satoshicarnaval [link] [thread] (Very new website, only 2 weeks old, looks very promising to me, low house edge of 0.48% so good for gamblers)
PRCdice / pocket rocket casino [link] [thread] (A dice site as well as a casino with poker and blackjack)
Dicenow [link] [thread](Biggest of these websites by far) (some days a lot of traffic, other days 0 traffic)
Everydice [link] [thread] (Just listed this for completion)

The biggest sites (I have never heard of any of the above) are the safest ones as they will offer the lowest amount of variance (high gambling volume means there is a lower chance that one outsized gambler with good "luck" could distort the stats). Even with investing in the biggest sites or sites with the lowest variance there is no guarantee against loss.

GAML

full member

Activity: 214

Merit: 100

Quote from: r1973 on April 27, 2014, 01:34:11 AM

hello, I am a total beginner. I have in my wallet 0.20247 bitcoins. My question is what should I do with them these days (excluding from saving it for years)?
Should I buy other digital currencies?
Should I invest in funds? if so which ones?
Should I donate?
Should I play with it in a stock market?
Any suggestion or comment would be appreciated.

thanks.

Speculate to accumulate read some books / ebooks / audiobooks (youtube is good for this) on day trading and buy altcoins to trade on www.mintpal.com You can make good money trading. Make small investments at first and watch what the markets are doing. Plan your trades in advanced based on the date you are seeing.

Trading 212: How to read Japanese candlestick charts?
http://youtu.be/OGFxp3Pixg8

How To Read 17 Japanese Candlestick Chart Signals Series 1
http://youtu.be/Z0n-jHqfLtQ

Trading strategy- Learn about the basics of candlestick charting
http://youtu.be/NEwixpz7Bow

Minnlo

hero member

Activity: 868

Merit: 1000

If I were you, I would simply store the bitcoin in a paper wallet, and keep it for a few years.
It may worth nothing, or it may worth a lot at that time. Cheesy

Squidoogeek

member

Activity: 112

Merit: 10

Just watch out for the scammers. I heard Mt. Gox went belly-up and a lot of people lost a lot of Bitcoin. But, if you feel pretty comfortable risking .20247 Bitcoin, you could earn more by trading on a fairly active exchange like Mintpal or Cryptsy. Then, when you've built up a good amount (Remember, buy low, sell high is a good cardinal rule), use it to buy something that you've been wanting but was out of your price range.

bitcasino

sr. member

Activity: 342

Merit: 250

Quote from: r1973 on April 27, 2014, 01:34:11 AM

hello, I am a total beginner. I have in my wallet 0.20247 bitcoins. My question is what should I do with them these days (excluding from saving it for years)?
Should I buy other digital currencies?
Should I invest in funds? if so which ones?
Should I donate?
Should I play with it in a stock market?
Any suggestion or comment would be appreciated.

thanks.

One option: gamble at a bitcoin casino proposing a sign-up bonus.
Aonother option: bitcoin price is still extremely volatile, you can trade.

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Hello! I think you should donate or buy some GHs and get some BTC .
Kindly,
Muhammed Zakhir

MilesJohan

sr. member

Activity: 378

Merit: 250

What ever yo do, just don't gamble, you will end up having 0 BTC.

zimmah

legendary

Activity: 1106

Merit: 1005

if you like gambling be my guest, preferably at one of the sites i have listed above. Grin

birdynbee

newbie

Activity: 22

Merit: 0

why not gamble?

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: Harley997 on June 25, 2014, 07:29:16 PM

Quote from: Testing123 on June 24, 2014, 10:47:40 PM

Quote from: Harley997 on June 24, 2014, 10:06:20 PM

Quote from: zimmah on June 24, 2014, 03:16:19 PM

Quote from: r1973 on April 27, 2014, 01:56:37 AM

Quote from: activebiz on April 27, 2014, 01:53:55 AM

U can invest in a mining contract.

Please explain and suggest links....

i think casinos are more profitable than mining, but after just-dice stopped their services i'm not sure which casino is going to be the most popular.

i personally like www.satoshicarnaval.com but i'm not sure if it will catch on.

Casinos willtake your money at an average rate of the house edge every bet.

Cloud mining will probably never ROI.

Casinos will probably make you lose your money quicker and cloud mining may be somewhat educational about how bitcoin and mining works. Both are bad investments.

IMO if you do not have any need to spend the bitcoin then you should hold it

It seems what zimmah suggested is not gambling in casinos, but investing in bankroll of casinos.

This is less risky, however is still not without risk as it would be possible for "larger" gamblers to have short term good "luck" and creating negative returns for the bankroll.

depends on how the site is setup, if the kelly is low enough the risk is minimal.

Most wesbites offer as low as 1/4 kelly, which means the risk to lose your investment is close to 0.

these are the options i know of:

There are at least 4 websites other than just dice where you can invest in.

Satoshicarnaval [link] [thread] (Very new website, only 2 weeks old, looks very promising to me, low house edge of 0.48% so good for gamblers)
PRCdice / pocket rocket casino [link] [thread] (A dice site as well as a casino with poker and blackjack)
Dicenow [link] [thread](Biggest of these websites by far) (some days a lot of traffic, other days 0 traffic)
Everydice [link] [thread] (Just listed this for completion)

Bizmark13

sr. member

Activity: 462

Merit: 250

Quote from: Harley997 on June 25, 2014, 07:29:16 PM

Quote from: Testing123 on June 24, 2014, 10:47:40 PM

Quote from: Harley997 on June 24, 2014, 10:06:20 PM

Quote from: zimmah on June 24, 2014, 03:16:19 PM

Quote from: r1973 on April 27, 2014, 01:56:37 AM

Quote from: activebiz on April 27, 2014, 01:53:55 AM

U can invest in a mining contract.

Please explain and suggest links....

i think casinos are more profitable than mining, but after just-dice stopped their services i'm not sure which casino is going to be the most popular.

i personally like www.satoshicarnaval.com but i'm not sure if it will catch on.

Casinos willtake your money at an average rate of the house edge every bet.

Cloud mining will probably never ROI.

Casinos will probably make you lose your money quicker and cloud mining may be somewhat educational about how bitcoin and mining works. Both are bad investments.

IMO if you do not have any need to spend the bitcoin then you should hold it

It seems what zimmah suggested is not gambling in casinos, but investing in bankroll of casinos.

This is less risky, however is still not without risk as it would be possible for "larger" gamblers to have short term good "luck" and creating negative returns for the bankroll.

Yup, you're probably thinking of the nakowa incident:

http://www.reddit.com/r/Bitcoin/comments/1mwd98/a_whale_has_pushed_justdicecom_into_negative/

It's pretty irrelevant now since Just-Dice recently closed. I'm still very much in the same boat as OP. I have about 0.25 BTC and was looking into investing maybe a tenth of that somewhere but it looks like JD is no longer an option (at least for now).

deebob

full member

Activity: 123

Merit: 100

Just hold onto it, theres nothing better out there.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: Testing123 on June 24, 2014, 10:47:40 PM

Quote from: Harley997 on June 24, 2014, 10:06:20 PM

Quote from: zimmah on June 24, 2014, 03:16:19 PM

Quote from: r1973 on April 27, 2014, 01:56:37 AM

Quote from: activebiz on April 27, 2014, 01:53:55 AM

U can invest in a mining contract.

Please explain and suggest links....

i think casinos are more profitable than mining, but after just-dice stopped their services i'm not sure which casino is going to be the most popular.

i personally like www.satoshicarnaval.com but i'm not sure if it will catch on.

Casinos willtake your money at an average rate of the house edge every bet.

Cloud mining will probably never ROI.

Casinos will probably make you lose your money quicker and cloud mining may be somewhat educational about how bitcoin and mining works. Both are bad investments.

IMO if you do not have any need to spend the bitcoin then you should hold it

It seems what zimmah suggested is not gambling in casinos, but investing in bankroll of casinos.

This is less risky, however is still not without risk as it would be possible for "larger" gamblers to have short term good "luck" and creating negative returns for the bankroll.

BTC_Fundamentals

member

Activity: 70

Merit: 10

you can do nothing much. One way is to buy some newly released coin and speculate on that coin value.

leepsteer00

hero member

Activity: 574

Merit: 500

If I were you I'll just keep it as an investment.

Topic: what should I do with 0.20247 bitcoins? (Read 5269 times)