What to do with Bitcoin? - page 7. | Bitcointalksearch.org

Wowcoin

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Quote from: noictib on September 22, 2016, 12:22:35 AM

Quote from: shamzblueworld on August 17, 2016, 10:38:48 AM

So after a while of earning some bitcoin from doing various services and signature campaigns, when you reach like $100 worth of BTC in your wallet, what exactly do you do with it? Just hold it till the rate is high and make some profit and then start all over again or what?

i am directly converting my btc into my local currency and deposite in my bank saving account . because i think that the rate of btc can fall any time so i always take money in my bank instead of btc bank . further i am doing trading with rest of btc that in my wallet .

Same here i converted my bitcoin in cash but i'm not save it i used it to buy food and to pay bills.
Yes no one can assure if bitcoin become stable or one of this day drop the price. So your doing great because your money is safe in yout bank account. Trading also is good because earn also btc in trading.

buxlover

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For $100 of btc i wouldn't do anything, just keep them in the wallet. i usually convert the bitcoin to fiat after i accumulate 1 btc, i have converted thrice before, i wouldn't worry about the rate at that time.

i came into bitcoin when rate was around $220 which had a big fall from $1000, so converting to fiat seemed to be good option at that time, slowly after a year when i came to know more about bitcoins, i felt that i made mistake by selling them to $240 at that time,

so now I'll not convert bitcoin unless i have financial problems and things i require is not offered through btc payments. i consider bitcoin as money, so I'll try o buy something if needed, converting btc to fiat would be last option for me now

markus16

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is that thrue that you can reserve hotel rooms in thailand wth bitcoins ?

StarofBTC

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Quote from: rickadone on September 22, 2016, 06:09:23 AM

Quote from: noictib on September 22, 2016, 12:22:35 AM

Quote from: shamzblueworld on August 17, 2016, 10:38:48 AM

So after a while of earning some bitcoin from doing various services and signature campaigns, when you reach like $100 worth of BTC in your wallet, what exactly do you do with it? Just hold it till the rate is high and make some profit and then start all over again or what?

i am directly converting my btc into my local currency and deposite in my bank saving account . because i think that the rate of btc can fall any time so i always take money in my bank instead of btc bank . further i am doing trading with rest of btc that in my wallet .

Hopefully, you're doing very big mistakes of your life time. I guess you just ignored the possibility of bitcoin prices may up surge when you are expecting to fall.

Ups and downs are very common for any commodity, but with bitcoin you may expect huge price appreciation in upcoming days. I like to suggest you to keep on holding your bitcoin in your wallet itself instead of making them sleeping in your bank account in fiat format.

This must be a right suggestion for the people who are mistakenly ignoring the possibility of having big benefits with bitcoin price appreciations. But I believe in some country people are earning some good interest for their savings in bank, still bitcoin definitely will give more than those interest rates but after some long wait.

rickadone

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Quote from: noictib on September 22, 2016, 12:22:35 AM

Quote from: shamzblueworld on August 17, 2016, 10:38:48 AM

So after a while of earning some bitcoin from doing various services and signature campaigns, when you reach like $100 worth of BTC in your wallet, what exactly do you do with it? Just hold it till the rate is high and make some profit and then start all over again or what?

i am directly converting my btc into my local currency and deposite in my bank saving account . because i think that the rate of btc can fall any time so i always take money in my bank instead of btc bank . further i am doing trading with rest of btc that in my wallet .

Hopefully, you're doing very big mistakes of your life time. I guess you just ignored the possibility of bitcoin prices may up surge when you are expecting to fall.

Ups and downs are very common for any commodity, but with bitcoin you may expect huge price appreciation in upcoming days. I like to suggest you to keep on holding your bitcoin in your wallet itself instead of making them sleeping in your bank account in fiat format.

qiwoman2

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I like to invest it and use it to grow my own currency but eventually I would love to be able to live on Bitcoin and be able to educate others to do so as well. It will take time ofcourse but I am hoping this will happen within the next year or so. My dream would be to use bitcoin to travel and maybe buy a house one day!

shovon234

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You can take steps anything behind investing it in a have an effect on or something (primarily directly, gone simple) or use it for gambling, or you can go and trade auxiliary cryptocurrencies when it. If you tortured feeling, you can go and obtain things similar to swine goods from some online retailers, or you can get your hands on digital goods from places following Steam or new various websites that authorize Bitcoin.

iv4n

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What to do? You earned that bitcoins, I'm sure that wasn't easy, not to mention that every beginning is hard. You need to decide what is best for you, waiting to make more, or sell it and put fiat in the pocket where you can feel it?
You can try to put 100 dollars into some casino bankroll, and maybe you will have some luck and make some profit in long run.

noictib

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Quote from: shamzblueworld on August 17, 2016, 10:38:48 AM

So after a while of earning some bitcoin from doing various services and signature campaigns, when you reach like $100 worth of BTC in your wallet, what exactly do you do with it? Just hold it till the rate is high and make some profit and then start all over again or what?

i am directly converting my btc into my local currency and deposite in my bank saving account . because i think that the rate of btc can fall any time so i always take money in my bank instead of btc bank . further i am doing trading with rest of btc that in my wallet .

roadbits

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Quote from: MANCRYPTOS on September 21, 2016, 03:05:07 PM

of course i will hold them as long as i can in my wallet because bitcoins have interesting future.. and will strong next years

I will also keep my coins in my wallet, but I will not hold until next year. Yes, there is a hope that in next year Bitcoin will become strong in the digital market. But why should take a risk right? So when I feel the price is good, i will sell my Bitcoins. I will not hold long term.

klopcoin

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Quote from: sobsitesearch on September 21, 2016, 04:41:17 AM

Quote from: klopcoin on September 21, 2016, 01:11:22 AM

I don't know much about bitcoin. If I am earn some bitcoin, can I change it into fiat?? how?? I just have so litle amount of bitcoin and I don't know how to use it. Help me by pm me please

Yes of course you can exchange it into fiat all your earnings, you will explore first your bitcoin wallet to know where you can used your bitcoin, then just hit the search button for your questions and you will find the answer because this forum is full of information about bitcoin.

Thank you that was very helped me. I will earn more bitcoin then I will change it into fiat.

haankoammu

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I am probably with keeping it in an offline wallet and holding the profit/investment waiting for a price improvement, There are currently few legit investments for BTC but all of them are risky for the invested capital and nothing offering stable relatively-guaranteed interest like a bank.

leowonderful

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Bitcoin FTW!

I've received well over 1+BTC from signature campaigns and i'm still going up; trading is a nice way to grow your bitcoins slowly without any sort of investor-based Ponzi or scam in your way. Of course I have made a few dollars when I was about 3 months into bitcoin from those games, but it's really not a good way to get any substantial amount of bitcoins. Trading is really good stuff, and it makes you feel good at the end of the day even if you only earn a dollar in profit.

Coin staking is also profitable if you find a good coin, I've just recently started doing it and it's a nice, passive profit for me.

MANCRYPTOS

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of course i will hold them as long as i can in my wallet because bitcoins have interesting future.. and will strong next years

ObscureBean

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Quote from: The Sceptical Chymist on September 20, 2016, 10:50:01 PM

This is actually a funny question to me, because I think the same thing sometimes. Bitcoin to me is for saving, because you're exactly right--once you've saved up 0.20BTC from sig campaigns or whatever, do you really want to spend it? I don't. If I got paid in BTC, that'd be another matter, but I don't. I get paid in US dollars, and things are priced in US dollars where I live, not bitcoin. So my answer is, do absolutely nothing with your bitcoin. Save it for a rainy day, and hopefully it'll increase in value in the meantime.

You're not looking hard enough, there are plenty of places online where you can pay for stuff with Bitcoin directly but maybe you're not looking because you want to avoid the temptation altogether? I used to convert like 10-50 dollars to Bitcoin every month for long term hodl but I always seem to find things to buy online Cheesy

jhenfelipe

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I do trade before, but for just a couple of times. I consider my bitcoin as my savings. So what I've been doing until now is, keep it in my wallet regardless on how much it is and still working/doing services to earn more. In addition, I don't have any plans of withdrawing it as of now, always thinking that it's good to have savings for my future needs.

sobsitesearch

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Quote from: klopcoin on September 21, 2016, 01:11:22 AM

I don't know much about bitcoin. If I am earn some bitcoin, can I change it into fiat?? how?? I just have so litle amount of bitcoin and I don't know how to use it. Help me by pm me please

Yes of course you can exchange it into fiat all your earnings, you will explore first your bitcoin wallet to know where you can used your bitcoin, then just hit the search button for your questions and you will find the answer because this forum is full of information about bitcoin.

Ryananda

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If I had reached around $ 100 of bitcoin, I certainly will use some to trade. Since I use trade to benefit even more. And partly I hold up the number I wanted and then I sell. I often do it and I had higher profits.

klopcoin

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I don't know much about bitcoin. If I am earn some bitcoin, can I change it into fiat?? how?? I just have so litle amount of bitcoin and I don't know how to use it. Help me by pm me please

tabas

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Quote from: hawkins on September 21, 2016, 12:40:45 AM

Quote from: TraderETH on September 20, 2016, 10:49:05 PM

Quote from: xuan87 on September 17, 2016, 12:00:08 PM

I think i will save it, because 100$ is not much, and if we keep it in bitcoin form then for sure the price can go up, so bitcoin is a very good investment tool, if you already reach 100$ try to earn more, you will enjoy a bigger reward in the end

I used some bitcoin for trading and some else for play gambling, although just for small amount and got small profit from trading but i still save it. And the amount are not up to 100$, but i am sure it will more go up.

I think almost everyone who has a bitcoin, bitcoin uses they have for trading, even I also do it. apart from that I also try to invest in a few places where I felt I could make a profit, but if I need the money, I guess redeem the dollar is also something I often do

There are 4 ways on how I am using my bitcoins. First is that I am going to put it into trading for my investments of buying a lot of alt coins and going to sell it once there is pump. Second is that I am just doing nothing but holding. Third, I am using it for buying goods and services online and lastly sometimes I am using it in gambling.

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