Topic: what should I do with 0.20247 bitcoins? - page 6. (Read 5269 times)

Good that you know which site to promote for.

You can buy stocks with bitcoin on sites like Havelock Investments and Cryptostocks.
You can invest in banks of some gambling sites.
You can lend your bitcoin out (Be careful!).
You can do day-trading.
You can gamble.

Despite on what others are saying to grow and gamble with it.

My advice is just to hold on to it. Nothing more, and just focus on making money at your job or whatever that may be, then buy it at a low price.

I will donate part of the 0.20247 btc once I get ever or gain some profit (thus once it reaches 600 to 1000 USD), but I was wondering how can one "work" with the coin to make some profit?
What are the current ways to earn bitcoins?!?

All these options are very risky, and you will probably loose all or most of your Bitcoins.

I think I will donate some of the money to online/offline organizations (about 0.1 btc) once it reaches 600-1000 usd.... [I bought my FIRST EVER bitcoins at about 500USD].... right now I wait for the value to go up to cover my losses.

+1.
If you need to buy something, buy it with your bitcoin. If you have everything you need, donate it to the poor.

Do you need anything particular?

https://en.bitcoin.it/wiki/Trade                 <-----------I'm not sure how often this get's updated.

http://www.reddit.com/r/darknetmarkets   <-----------for all your nefarious needs

That's a good cause. If you do that you will feel good as well!

That really depends upon what you want to get out. If you want to use it as a currency, buy stuff with it.  there are many firms now accepting BTC.  If your aim is to use it as an investment, the best bet is probably to just hold BTC.  Mining is extremely unpredictable and unlikely to make ROI in anything like reasonable time frames.  Any investment in alt coins is a complete gamble as BTC has massive first mover advantage and a much bigger infrastructure, so it would take a super alt coin to displace BTC's lead.

Just hold the coins.

You can donate the money to Sean's Outpost to help homeless people.
https://bitcointalksearch.org/topic/the-mega-thread-that-feeds-people-in-need-1m72sfpbz1bppxfhz9m3cdqatr44jvaydd-295211 and http://seansoutpost.com/donate/

I'd just hold them.

look on coinmarketcap.com and start trading on cryptsy.com! there are currencies going up and down 100% a day.. but, its like a casino i guess..

The leading exchange for the top altcoins is BTC-e.com but they do not yet have doge there, it being relatively new. For that I prefer vircurex (link at right of sig) but cryptsy is also popular.


Typically the routine for joining and trading an exchange goes something like this...

First, make sure the email you want to use is secure, use a long, long complex password and two factor authentication if it is available.

Then sign up for the exchange, using a UNIQUE complex password for each exchange and different from your email, if two factor is available set that up.

Next in the exchange, go into finances/account or similar and enable/request a deposit address for BTC, send the amount of BTC you would like to trade there to this address.

wait, typically 6 confirms on the BTC network, which is averagely an hour, but on "unlucky" days can be longer.

When confirmed you can trade on the exchange, there are two ways to do this, you can buy or sell pretty much instantaneously at the "going rate" which is the current lowest "sell" bid, or the current highest buy bid... known as the ask. If you think the market is going to go down a little bit when you're trying to buy, you can undercut the current ask and place an order to buy when the price drops that far. Which will stay there until filled or cancelled, so if you bid very low it could be days, weeks months or never before it fills. Similarly when selling, you can set the price higher than current ask.

Then when those coins are bought they go to your account onsite, which is typically not an externally visible wallet. If you want to transfer them out to a wallet of that coin type (you can't put LTC in a BTC wallet) then you request withdrawal and enter the address you have on that coins network and amount you want to withdraw.

Generally it is not recommended to keep large amounts of coin on an exchange due to the risk of exchange failure, hacking etc. I personally estimate this risk at about 10% given the number of "incidents" in the last couple of years.

Where and how I do that, i.e. buy altcoins? Can you explain step by step for dummies? which site(s)?

Today now, LTC seems undervalued at 0.023xx and you should be able to get a 25% return on that inside a couple of weeks. I'm also expecting dogecoin to about triple in value in the coming month, but that's higher risk. A lot of the leading altcoins are kinda low at the moment, but picking the right "horse" for short term gains is as difficult as picking the right horse at the race track

For mining by the gigahash, pbmining is by far the best game in town at the moment, see the link on the left of my sig.

AsicMiner partial shares may be a good buy at the moment, AM100 on Havelock, I expect as they sell a bunch of their new ASICs and get a lot of hashpower online they may hit over 2 BTC per full share in 2 or 3 months from about 0.44 per full share at the minute, they sell in hundredths on Havelock as AM100 so about 0.0044 at present.

So for a somewhat blended strategy, buy 0.05 worth of LTC, 0.05 worth of doge, 0.05 worth of pbmining and 0.05 worth of AM100 ....

Hahaha if you dont mind losing it, you should try to invest them in few altcoin
Trading altcoin, is .. exciting The volatility, up and down, FUD, hype, that's really fun for me

If you're lucky or a skilled trader, you can make a decent profit from it.
GL

i think that the days of easy and fast money from the btc are all over...
which trusted op? any links?

invet it in me and make a percentage on how much u get back, or another trusted op

You will likely not make a mentionable profit, and maybe not even break even because of the difficulty rises. Not worth it IMO.