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Topic: What would you do if you were new to Bitcoin and given £10 Bitcoin For Free - page 3. (Read 398 times)

member
Activity: 182
Merit: 30
1. Would you store it in a savings wallet to earn interest.
2. Would you leave it and watch it hopefully rise.
3. Would you sell it.
4. Would you trade it for another Cryptocurrency.
5. Would you buy more Bitcoin.
6. Would you do something else with it.

Say what? The feed on sending BTC is $15 right now, so your 10 quid isn't even enough to cover fee's to spend it, say you had $20 USD, then could send a friend $5

If you sold you would lose on the transfer, and the exchange 20% grab, you would still get zero

Say I buy $100 USD of bitcoin, I get $80 because of exchange losses and fee's, then I transfer to my address and I lose $20, then I go to sell it and I take home $50, this is bitcoin.

10-GBP is like 0.000001 BTC these days, smaller than the transaction fee, you have entered the world of nothingness

Next time say 100-EURO, then you can watch it become 50-EURO in just a few transactions.
newbie
Activity: 28
Merit: 2
With 10 quid you could learn how to do a transaction. Create a couple of wallets and practise transfering in between them. It's still very useful knowledge for a beginner.
legendary
Activity: 3584
Merit: 5248
https://merel.mobi => buy facemasks with BTC/LTC
The premise of this question is that you're new to bitcoin... This changes quite a bit... It also depends on the fact if these people were actually interested in bitcoin and searching information about it before you gave them 10 pounds worth of BTC or if you were "cold-calling" them (more or less) by advertising on non-crypto related webpages or spamming their inbox, or handing out physical flyers on the road.

Truth be told, if somebody i didn't know would walk up to me on the street and give me a handfull of magic beans right now, and a couple meters down the road there was a guy shouting: "i'll buy your magic beans for 10€", i'd sell them without giving it a single tought...
If i was actively investigating magic beans, and i was already interested in purchasing some to HODL, and somebody would walk up to me and give me some for free, i'd put them in my pocket in case and HODL even if there was a guy shouting he'd buy them from me for FIAT.

The thing is, by asking this question on this forum, you might get an extremely biased result... Most people in here are not new to bitcoin... Most of them are active in the community for years... It's very hard for us to imagine being new to bitcoin, and being confronted with it for the very first time.
hero member
Activity: 2954
Merit: 796
Seriously 10£ in Bitcoin? That is not even for the transaction to transfer the fund into other wallet or investment plan that you mention on your thread. If ever the mempool is not full, Maybe the leftover Bitcoin is not worthy for investment or for converting in fiat.

For me I will just transfer it on gambling casino and bet it on dice in one roll to multiply it immediately.
newbie
Activity: 2
Merit: 0
1. Would you store it in a savings wallet to earn interest.
2. Would you leave it and watch it hopefully rise.
3. Would you sell it.
4. Would you trade it for another Cryptocurrency.
5. Would you buy more Bitcoin.
6. Would you do something else with it.
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