What should I do with over $4-5 worth in BTC?

Mobius

hero member

Activity: 988

Merit: 1000

Quote from: botany on August 11, 2014, 12:36:33 PM

Quote from: Mobius on August 10, 2014, 09:56:38 PM

Quote from: polynesia on August 10, 2014, 07:24:07 PM

Quote from: brendanjhwu on August 10, 2014, 10:04:09 AM

I can buy them off you with paypal, and you can buy anything you want

.

Risky, because you can dispute the transaction later on and reverse it. Wink

For such small amounts the risk is not as big. It is true that it has been said that people have been known to scam for even less then .01BTC however I personally don't think it would be worth it to try to scam for such a small amount.

Agree. Might not be worth it to try and scam at current rates. But if bitcoin appreciates, then it is a different ball game. Cheesy

You should never assume that the price will appreciate when making a business decision with bitcoin. If you think the price will go up then you should buy on an exchange or via LBC. You should not accept a discounted payment just because you think the price will increase in the future.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

In my opinion, holding on to your coins is the best you can do - at least if you're comfortable staying in the Bitcoin game! If you invest in mining companies, stocks, etc. you risk losing a huge portion (or even everything) of your investment! It's a very dangerous game, if you ask me!

DjPxH

full member

Activity: 210

Merit: 100

Quote from: brendanjhwu on August 10, 2014, 10:04:09 AM

I can buy them off you with paypal, and you can buy anything you want

.

Hahaha, don't believe him! Selling BTC via PayPal is a very dangerous thing! PayPal allows customers to do a chargeback, where they get their money back and your BTC are just gone. This may be a very well known scam tactic!

keyscore44

legendary

Activity: 2002

Merit: 1016

Hold it and buy more asap, honestly don't think it will be long before the price of btc skyrockets.

darkphantom934

full member

Activity: 141

Merit: 100

HODL and watch that $5 grow to $5K Tongue

kittycatbtc

member

Activity: 70

Merit: 10

Hold and win is the way to go imo

botany

legendary

Activity: 1582

Merit: 1064

Quote from: Mobius on August 10, 2014, 09:56:38 PM

Quote from: polynesia on August 10, 2014, 07:24:07 PM

Quote from: brendanjhwu on August 10, 2014, 10:04:09 AM

I can buy them off you with paypal, and you can buy anything you want

.

Risky, because you can dispute the transaction later on and reverse it. Wink

For such small amounts the risk is not as big. It is true that it has been said that people have been known to scam for even less then .01BTC however I personally don't think it would be worth it to try to scam for such a small amount.

Agree. Might not be worth it to try and scam at current rates. But if bitcoin appreciates, then it is a different ball game. Cheesy

Mobius

hero member

Activity: 988

Merit: 1000

Quote from: polynesia on August 10, 2014, 07:24:07 PM

Quote from: brendanjhwu on August 10, 2014, 10:04:09 AM

I can buy them off you with paypal, and you can buy anything you want

.

Risky, because you can dispute the transaction later on and reverse it. Wink

For such small amounts the risk is not as big. It is true that it has been said that people have been known to scam for even less then .01BTC however I personally don't think it would be worth it to try to scam for such a small amount.

Pony789

hero member

Activity: 882

Merit: 1000

Quote from: MakeBelieve on August 10, 2014, 08:06:15 AM

Quote from: Baitty on August 10, 2014, 07:29:16 AM

Quote from: RappingSniper on August 10, 2014, 07:25:05 AM

I cant beleive you wrote that much words or even thinking this hard for $5 Cheesy

Because $5 doesn't mean much to you perhaps it does for other people and I know a lot of people would love to have a spare $5 every single month.

Might be true but $5 isn't that much and if people spent enough time on faucets they would be able to earn that much every week if not more.

That $5 may be quite a bit of money for those living in developing countries.
And if he get it by solving captcha 10 hours a day for a whole week, it means a lot to him lol. Wink

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: brendanjhwu on August 10, 2014, 10:04:09 AM

I can buy them off you with paypal, and you can buy anything you want

.

Risky, because you can dispute the transaction later on and reverse it. Wink

brendanjhwu

full member

Activity: 238

Merit: 100

I can buy them off you with paypal, and you can buy anything you want

.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: MakeBelieve on August 10, 2014, 08:06:15 AM

Quote from: Baitty on August 10, 2014, 07:29:16 AM

Quote from: RappingSniper on August 10, 2014, 07:25:05 AM

I cant beleive you wrote that much words or even thinking this hard for $5 Cheesy

Because $5 doesn't mean much to you perhaps it does for other people and I know a lot of people would love to have a spare $5 every single month.

Might be true but $5 isn't that much and if people spent enough time on faucets they would be able to earn that much every week if not more.

They would have to spend a lot of time on faucets.

Drendas

newbie

Activity: 15

Merit: 0

Dude, it's 5$. Keep your goddamn bitcoins for later.

MakeBelieve

hero member

Activity: 602

Merit: 500

Quote from: Baitty on August 10, 2014, 07:29:16 AM

Quote from: RappingSniper on August 10, 2014, 07:25:05 AM

I cant beleive you wrote that much words or even thinking this hard for $5 Cheesy

Because $5 doesn't mean much to you perhaps it does for other people and I know a lot of people would love to have a spare $5 every single month.

Might be true but $5 isn't that much and if people spent enough time on faucets they would be able to earn that much every week if not more.

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Quote from: RappingSniper on August 10, 2014, 07:25:05 AM

I cant beleive you wrote that much words or even thinking this hard for $5 Cheesy

Because $5 doesn't mean much to you perhaps it does for other people and I know a lot of people would love to have a spare $5 every single month.

RappingSniper

newbie

Activity: 44

Merit: 0

I cant beleive you wrote that much words or even thinking this hard for $5 Cheesy

Bizzaran

newbie

Activity: 42

Merit: 0

How much would you write if you had $10 worth?

lynn_402

sr. member

Activity: 462

Merit: 253

Quote from: polynesia on August 08, 2014, 09:45:54 AM

Quote from: Jamie_Boulder on August 08, 2014, 08:10:32 AM

It's a currency just like the money in your pocket, do whatever you want.

A currency, which could appreciate by the time you decide to spend it. Wink

Yeah but it could also go down, so that balances things Tongue

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: Jamie_Boulder on August 08, 2014, 08:10:32 AM

It's a currency just like the money in your pocket, do whatever you want.

A currency, which could appreciate by the time you decide to spend it. Wink

Jamie_Boulder

sr. member

Activity: 378

Merit: 250

It's a currency just like the money in your pocket, do whatever you want.

Topic: What should I do with over $4-5 worth in BTC? (Read 6138 times)