Bitcoin Forum

I have some bitcoins and found a secure way to keep them. What do I do with them now?

you can spend them on a couple of million things. just google "where can i spend bitcoin" and find all of the things you can buy with it.

you can take advantage of services like gyft to buy gift cards and save up on a lot of money.

you can just holding them in cold storage (if that secure way to keep them you found is the same). and just hold them for a long time and wait for the price to reach a big number (many say 10K)

-HODL.

-Buy at merchants such as Steam (http://store.steampowered.com/) and Overstock (https://www.overstock.com/), or buy items indirectly through third parties like Purse (https://purse.io/).

-Transfer into gift cards with services like Gyft (https://www.gyft.com/).

-HODL.

It is not a good idea to spend them right now If you are just going to use them for small purchase because of high fees and high confirmation time. So the best move right now is to HODL your bitcoins and wait for the time when segwit or if other scaling solution is activated. If it happens, the price will soar and you can easily spend your bitcoin. Just be sure to keep them safe always.

Depends how many you have.  You have got in at a perfect time because the price is really beat down. I bet it doubles in the next 6 months so I would hold.

It is your bitcoin you can surely do a lot of things with it, but I think you need to spend it wisely just like money you can never know when an emergency might occur and you will really need something at hand, so I guess spend it on the needed ones for your family and your house and just save the rest of it for a very important matter.

Agree w/ Qartada.  "HODL" is a great speculation!  Majestic ups & downs, lotsa fun...

But, if you want to spend BTC yet buy something with long-term value, buy gold with BTC!  But, take note that lately BTC has far outperformed gold.  

Last I looked, the below two metals sellers accept BTC:

providentmetals.com (http://providentmetals.com)

jmbullion.com (http://jmbullion.com)

(perhaps USA only)

whats your plan for bitcoin? did you buy them just to be be able to spend them? i hightly doubt that youd go through the whole conversion process just to spend them on something else. don't be like me and sell them for a small profit, if you decide to hold them. there are lot of problems with confirmation times and transactions times at the moment, so try not to use them for any small purchases, or the fee-to-transaction ratio is gonna be tremendous. honestly, i would just hold them and see where it goes from there. the price, regardless of all the bs going on at the moment, should continue to rise, as it is the gold standard of cryptocurrencies.

You can do almost anything you want. Read few of the articles below to find out where you can spend them..

http://www.investopedia.com/news/8-things-you-can-buy-1-bitcoin/
http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/
https://bitcoinmagazine.com/articles/where-to-spend-your-bitcoins-1351206720/

In 21st century, I can't believe someone can still ask this kind of question about bitcoin after he was able to buy at the time when the price of bitcoin is much lower and still found his way to this forum and still font know what to do with bitcoin, I definitely doubt that.

Just buy the necessary things that you require.
Use giftcards / purse.io to buy from amazon.
Buy video games from steam.
Buy goods directly from people on forum.
Alternatively you can use virtual bitcoin debit cards to spend your bitcoins wherever visa is accepted !

No, I would have if I didn't deleted my 0.75 BTC in 2011.  >:(

Depends. If you bought those coins as form of investment, i would suggest you to keep holding them. Sell it when you thinks it's the right time to do so.
Or if you bought them for casual day to day use, just use them as you would with  a fiat currency. Buy things online and pay using bitcoin.
You can also buy other alt coins using your bitcoin if you want.

It is better to keep them and earn a lot of bitcoin today. It is good that you found a secure way to keep them which is good for you, and I also have my bitcoin wallet that I already trust so I am really expecting that my bitcoin wallet will also secure my income.

The thing that worked the best for me is the 80/20 strategy. You hoard 80% and spend 20% ..... We need to support the services and merchants

that accept Bitcoin { this is why you would be spending 20% } We also need to hoard some bitcoins as a speculative asset. The more bitcoins that

are being hoarded, will increase the price. {less supply & higher demand = higher price}  ;D

I guess the OP wants some suggestions on what he can do with his Bitcoins.
To OP: it depends on what is your financial status as well as how many bitcoins you have. If you're in some crisis then it's best to sell some Bitcoins and solve them otherwise hold them for eternity.

Hold them.
If you don't have necessary requirement don't do any thing. just hold them. bitcoin is  future currency. your coins can worth too much in the future.
Since you are a newbie member probably you don't know bitcoin well. Try to achieve knowledge about bitcoin. Then you yourself will know what you should do with your bitcoins.

I think in my own opinion try to buy some altcoin choose altcoin in top 20 rankings in coinmarketcap.com
Where you can have a chance to get more profit in other altcoin if the price of bitcoin increases you can gain more profit with the altcoins.
Like ethereum,litecoin and monero. but you can be still stay holding bitcoin because the price is increasing and i think the price of bitcoin can be increase more soon..

I think he's referring to just save and hold his bitcoin, well even if he's not referring to OP I think it still give credits to him, and just like you said that it is depend on the situation on your financial status if your going to sell or buy bitcoin, but my opinion is to just hold on to your bitcoin, because the price will definitely gonna rise anytime soon.

Please store it in a hardware wallet, then try to store your private key, this will keep your money safe forever. No one can steal it. Even 10 or 20 years, it is still yours. It seems like many people want to store bitcoin for the future, it can make a profit, but I prefer to use it to make more quick profits.

to my knowledge hardware wallets are very similar to USB disks and because of that they are subjected to same flaws. flaws such as loss of data because of not being connected to a power source.

in other words if you store your bitcoin on a hardware wallet and keep it 10 or 20 years without connecting that wallet to your USB port at least once a month you may lose all your money!

It is reslly great to buy bitcoin when it is in the earliear year it only cost about 200$ and if you buy a lot of volume that day you can really earn a lot of cashback today probably you will be rich in the future if you continue investing just continue investing and just stor them in your btc wallet.

If you some bitcoin adn you found wallet safe to keep them. I suggest to you to hold your bitcoin because  the price is continue increasing. And many people for sure in the future will invest in bitcoin so the price will become brighter and brighter. Its better if you hold your bitcoin in few years like 5 years for sure your money become 5 times and up. But it depedns on the demand of the market if the price pump or dump.

It's better for you to hold them, because bitcoin price increase over the years, so you can get a high profit if you can hold a lot of bitcoin now for the future.  
Personally, I store my bitcoin in my XAPO wallet, it's secure a lot. but the only problem is the fees are too high.

I'd steer clear of Gyft or Egifter. lost money using both services. Egifter won't even answer my messages. I feel like I was ripped off.

He needs to write private key down anyway. Well actually private key is more important then the hard wallet. Hard wallet only lets you send bitcoin to other addresses.
Anyway, if this thing would really happen (hard wallet lost data), you can probably just rewrite private key and everything should work fine. Right?

Remember that bitcoin is just money. So you are really asking "What do I do with money?"

well... Spend, save, invest, donate, ...  Whatever you want to do. Bitcoin is actually your money and you can spend it around the world. No one can keep you from spending it or compel you to spend.

If you want hold your Bitcoin, you can find a cold storage for hold it and wait Bitcoin price hit a price you thing is highest. I think this is a best choice if you want become to a holder, but if you not like this, you can sell now to real money ;)

If you can acquire more bitcoins by purchasing or earning online then I would advise you to spend some of your bitcoins because it will strengthen the network and contribute to the growth. Yes, down the road price of bitcoin will rise but it's not going to happen if everyone out there is holding each and every Satoshi they acquire. You can spend some of your holdings and then acquire more bitcoins, this will keep the momentum alive and it will pay you in the future, imo.

You can try to invest most of them since bitcoin is really great investment since it was born.
Spending bitcoin for nothing , it will cause you regret for someday

In the spirit of HODL, won't hurt to deposit some into your Poloniex lending account and keep collecting some interest while the moon expedition is on. One good thing is that you can end and pull out your funds without much ado when you want to and worse situation here is if Poloniex goes the way of other exchanges like Mt.Gox, Cryptsy etc, other than that, it is a win-win situation, especially if one is not too greedy.

I really recomened that spend for only your needs .if you don't have any other recourse the only way bitcoin then spend . Or spend it it for real emergency otherwise  hold it so that you won't regret

Keep them secure and safe.  Open them after 3 to 5 years and you will see how huge is your profit.  And if you want to believe that Bitcoin will be 1m dollar a piece in 5 to 10 years then keep it and wait for that time.  Who knows the person might be correct.

I think it's been a long time. I think we should use it to generate quick profits, waiting just to make us feel depressed.

You may wish to make quick profits, however, it is always accompanied by danger. For business people, they always focus on safety, so some people choose to invest in bitcoin and they wait a very long time. You may feel depressed for that, but safety is always on the rise.

You have many possibilities depending on your preferences. If I were you I would do like this. Some part of this coins I would invest further, maybe in forn of trading, to try to earn something extra and enlarge the sum. One part I would keep in some safe wallet for the future hoping the price will continue to rise. The smallest part I would spend on something I want.

Its depend on how much you have if you have lots of then you can hold it or you can also trade with those bitcoin but I suggest you that you hold bitcoin.bitcoin price increase day by day so you hold it and on day you have lots of profit.

For those who own a large amount of capital, they should be involved in the business. But for me, I do not have that much capital, I just joined the campaign to earn meager earnings, but it was enough for me.

If you are a campaign participant, you can also do business without spending any money. The money you get from signature campaigns, you can use it for business, choose the right time to sell, and you will be more profitable.

I appreciate your idea, it is a smart idea, it is very suitable for all poster. We work in this forum, we participate in bounty campaigns, and surely we will get rewards from the organizers instead of spending a big sum of money to invest in the ICO. Is a form of investment effort. Nice idea!

Man that's a petty stupid question..
In the first place why have you bought them?

As a long investment? Then use it as a long term investment and forget abut them for a few years.
As a way to pay for some products? Use them just like you use $

As some novelty?
Have the address and the amount engraved on a frame and hang it in your living next t the stuffed bear.

play with it, you must do a thing that will increase your bitcoin and be your investment. for example you may also try to gambled. just play with your bitcoin, play with a heart and stay on focus, every winning just save the half of it or take your investment then save it. you may also try trading, both gambling and trading is good you need to take a risk in both . but you may win a lot from it.

If you were able to keep them securely till today, keep them for some more years to make the most out of it. Bitcoin price is still not seen its peek yet and there is a lot of potential to go even higher than you probably have anticipated. So it is better to keep them for some more time.

You can also cash out a minor portion of your bitcoins to invest in a real life business which you would like to start. Else you can start with online trading with that amount of bitcoin. Once you have the knowledge about trading, you will be able to multiply your bitcoin within a very short period of time.

actually you don't have to ask some people here on what you can do with your bitcoins, if you want to spend it then go you just need to find a merchant whether it is online or not or cash out then buy some stuffs directly but if you decided to keep it secured on the way that you are currently doing then that would great for you as it is also the usual thing that most people are doing nowadays because keeping your bitcoin on your wallet could give a positive result to you in the future especially if it is for a long term .

Bitcoin for now can purchase a coffee of piece of cakes at Starbucks coffee they are now accepting bitcoin as an electronic money in change to their commercialized products.

Buying small things with bitcoin right now  is implausible. Look at the fee you have to pay, makes no sense if you want buy a cup of coffee or just a piece of cake. The fee makes the price higher so better to use cash. And if you pay low fee you will have to wait for days to get your coffee.

if you bought them just hold when there is better value that you like you can use them for shopping or keep them forever, or just use them now on the internet, you can buy things with bitcoin like with fiat, there is a decentralized market called open bazar, that work like ebay but with bitcoin only, you can see if you can find somethign interesting there

I think you can use to buy your family needs,
Or you trade with bitcoin.
Some of your saved will be of high value. Because as I see today, the increase in bitcoin and I see will be higher

You can donate a part and spend a part or even better hold a part of it and watch the prices grow from time to time. It's just great to find wealth untold and life becomes simple.

It depends on where you live because not many places on the world accept bitcoin and because of that fact, I do not think that is easy to buy something with bitcoin, esspecially physical goods. Therefore, you need to convert bitcoin to money first before buying something

If you are not in any hurry to spend the coins, and you are not in any economic trouble then probably the best thing you can do now is to just keep those coins and wait for the price to increase, bitcoin is one of the best investments in the world at the moment and it is obvious that things are only going to get better so there is no point into trying to get rid of such an amazing currency.

Set multiple targets, and make a detailed plan. For example, if you are having BTC10 with you, then here can be a sample plan:

1. Target $3,000 per coin: Sell BTC2
2. Target $5,000 per coin: Sell BTC2
3. Target $10,000 per coin: Sell BTC2
4. Target $25,000 per coin: Sell BTC2
5. HOLD the remaining BTC2, no matter what the exchange rates are.

I  don’t agree with you to gamble with the Bitcoin that you have earned. In gambling you have a chance to earn more but on the other hand you have no chance to save any of them it you lose. So don’t try gambling at all. The best thing that you must do is to invest in various Alts looking at the market cap of these Alts. Also the ICO projects are one the best for investment. Go for the less risky projects and currencies so that your capital is safe.

Mate its your money you have to decide what you want to do with them?
If you want to spend them buying different stuffs than visit the online stores accepting bitcoins and if you want to buy indirectly first convert it. If you are interested in investing and earning profit, i will suggest you to start trading if you have knowledge about that.

Speaking in terms of safety, there is no guarantee yet that the price of Bitcoin would remain on the increase. As with every other financial asset out there, price do reverse from time to time and with the speculative nature of Bitcoin, one cannot not say for sure how far price can go the other way, before reversing.

What is safe is always to diversify your investment and keep tabs with fundamentals in the ecosystem, 3 - 5 years of HODL is no guarantee still, because price could drop in the 5th year after advancing in the previous years!

Bitcoin is a cryptocurrency used for various online activity like trading, investing, lending, gamblimg, etc.
If you have some amount of bitcoin, you can invest it in trading or you can invest it in investment box on yobit or other investing sites(beware of scam investing sites)
You can purchase altcoins with bitcoin and start trading them on different platforms like yobit, cryptopia, polonix, etc.
If you have plenty of bitcoins and want to waste some of them, you can start gambling. Gambling can make a profit sometimes but many times it may cause a loss.
You can setup a mining farm with your amount of coins you have. It will give you some daily profit.
You can also HOLD your bitcoins or store them untill yhe price is hiked up, and then sell them.

You only need to take a look at the profiles of couple of players in any gambling site to see that almost all are in red. Advice to increase your Bitcoin through gambling is not what you need if you are struggling and cannot afford to lose because gambling is not an investment except for the owner.

I also confirm your words. It's best to bypass gambling sites. It will never increase your income.
You better just keep your coins or invest them in a reliable campaign.

I'd recommend to keep them, the price will go higher in 2-3 years.

Captain Obvious:

If you really want to buy something, then decide first, what you need or want, and then find a way to buy it. BTC is somehow convertible and legitimate way to pay for goods and services, so it's not that hard to get what you wan, if the price is right for you.

if not necessary please hold it for a while, its increasing day by day. after a certain period you can do a lot with a small amount of bitcoin.  :)

It is so hilarious how people are getting into some investments but they don't have a certain knowledge about it, and now that they know that their gonna profit with bitcoin and they can have money with it, that is the only thing they know and they don't have a single idea on how to increase and make their money profit, and yes this question are newbie type of question, but I guess before getting engage with some investment type of thing try to think if you have the knowledge to do it and if you can surely profit when you engage from the start. and just like stompix have said if you just want to invest and that is all you know hide your bitcoin for 10 years and see the difference from that 10 years. 

Simple, you can either keep them or like hold them until a certain time or date or whatever; or you can spend them and buy things you want. Or you can also invest in them but it is kinda risky but if you have the guts and balls to bet on a certain coin then go ahead.

investment is the best way. There is no better and easiest opiton to earn much moneys. Better than gambling :D

Yes investment is much better and smart way than gambling because investment will surely give you return sooner or later but gambling can either make you rich(if you are one of those few lucky ones) or leave you bankrupted.

Hold on to that because greater opportunity is very unexpected and yoy might use it with that bitcoins of yours

just hold it up to more months or even a years to get more profits by holding your bitcoin.
bitcoin now is so valuable and no one can tell when its stop to pumping its own price In the market, so don't spend your bitcoin and hold it for long period of time to earn much profits in the future.

You can sell you can keep you can trade or you can use it to buy things

you can do soo much with BTC ~

typically you can exchange it with currency in you country to buy things and make you happy ~
you can do trading activities, buy low sell high..

or else you can just wait and let your BTC in your wallet and hope BTC value will rise in the future ~

People with money can make easier profits than people with knowledge and/or intelligence. Capitalism Rule #3

just hold your bitcoin and wait until its "value" increases. you can convert that after and spend it all you want. just wait a couple of months and you wont regret what will happen. ;D

All i can say is that you can do what you want and also you can buy what you want with your bitcoins but you must spend it carefully so that if there are important matters thay needs money youll have enough money to spend.Dont spend it like your a One day millioner.