Bitcoin Forum

Hey guys, currently with my hashing power i'm making 2 btc each month.
the question is what would you do with those 2 btc? my mining is not my main income so i don't mind saving my bitcoins on the side for now.

do you think btc will go above 450-500$? I mean way above
would you buy VTC with them? cause i heard they will worth a lot a year from now.

or should i just change them to money? what would you do?

thank you

You'd better be investing in cryptos.

VTC has a bring future ahead. It's not a bad idea to invest, if you're going for long-term.

I would keep BTC , because If they'll start rising I know that they will rise alot.

Use that money to invest in other business and gain money. Trade in cryptocurrencies and gain btc. When time comes, your btc also gets profitable.

how do you know? people told me that chinese banks has a lot to do with it but even after they calmed us down the BTC rised to 600$ but then went down again.
i don't know all the facts ill be happy to hear.

You can never know that is why it is called speculation. The BTC is still not widely used and as more and more merchants accept, it will boom(likely), so this may not happen now or in the next year(It still may ) but at some point , a BTC may be worth way much than it is now

in which crypros would you invest? for short-term and long-term?

If you like then invest in Doge and Litecoin its better and good investment right now

Pretty nice income may I ask what you mine and what is your mining equipment ? :P

12x 280x
3x 290

Mining XPM


Can you explain why? i remember doge was above 0.00002btc now its way down, why will it go back up. ltc the same.
i don't know how to read the map of values of the cryptos i'm afraid to lose my btc on shitty coins that will collapse.

I would hold most of it, but find places to spend it too. The way the Bitcoin economy will grow is when it's used. If you need a part for your computer use TigerDirect, if you're going out to eat find a nearby restaurant that accepts Bitcoin, donate some to charities that you like. And if your favorite charity or business doesn't accept it, ask them to.

I think Bitcoin will dominate. At least for the next few years - especially if side-chains are integrated.

If anyone has heard there is a new debit card coming by the end of june that will allow us to instantly turn bitcoin to cash and pay on the spot for something in bitcoin anywhere. buy gas, shoes, watches, pay your mortgage. whatever it may be. so cool

Maybe you can just hold it for about one or two years ?

Looking at past bubbles, altcoins have risen a lot more than BTC. The best way to handle that is to diversify as always. Handpick them. VTC is one of them, there are others.

Keep them, diversify in small, but btc should be core holding

Theres a credit card for gold that does that.   You hold in bullion and only switch to cash just before payment, but that is for the big spenders I think and also usa tax laws prohibit use of gold without taxes .

They are trying to do the same thing with btc to keep power with fed and their qe I guess.


On alt coins I like blackcoin as its coins are now capped, its almost instant payment and the network upkeep is very low which should allow greater participation/distribution by just about anybody vs the bitcoin experience where most blocks are formed at just 100 locations?    Who knows which coins will do best, as every good idea must be tested by the worst and best elements of society before we can know if its truely useful and durable.  I'd have at least some in that, never all in one thing.

The basic scrypt coins are going to pivot on the new asic scrypt available for them which depends on your view if this is positive or not.   If it lowers costs of the network and improves security from  exploitation then I guess coin value should rise.      Doge is mostly about involving large amounts of people, its just a copy of ltc otherwise.   I dont see the average reddit user buying special asic for it so they will effectively be paying farms and asic developers for their work.   I wont keep any of that.
VTC goes the opposite way and its difficult to mine, Im not holding it especially but I dont know about work done by the devs either

I'd strongly advice you to hold your coins. Store them in an offline wallet and make multiple backups.  Don't invest in any cryptos like Dogecoin, you will lose all your money in those pump-and-dump types.

btc is excellent reserve, since the gov can't seize it and its history of big rises year after year, and you can pay, in some cases, directly with bitcoins

other options is trade in exchanges

Thanks for the help guys

i will save my coins, the question is which coin would you save these times?

1.0 BTC vs 500 VTC vs other coin?

-----Also------

how secure is Cryptsy? i heard they store most of the wallets offline.
what cloud wallets+exchanges do you recommend

Buy btc and keep them.

Depends on your situation and your appetite for risk.  If you don't need the money and aren't afraid of risk, hold all of it.  If you don't need the money and are okay with some risk, sell 1 BTC, save 1 BTC.  If you hate risk, sell every month.

BTC would be the best. They'll rise despite the recent falls.

Horde your BTC, keep some in a cold wallet and some in a hot wallet. Trade altcoins if you're also looking to take some risks with possibility of high reward. I would suggest also holding some litcoins and dogecoins. Litecoins due to the 2 minute blocks and good support, dogecoin due to the huge support in the computer geek/social media, I believe dogecoin users actually do a pretty damn good job of promoting their coin.

Why should i care about the 2 minute blocks or the support? keeping them now and selling them later when their value is higher that is what i'm looking for.
porbable ill keep BTC as is, with some exchanges to VTC.

Somewhat hedge yourself. If your producing 2 BTC monthly throw one in cold storage to grow in value then cashout/invest portions of the other in different alt coins or to increase your current hash rate and keep growing!

Just stack them up, if I was making that much I would gamble aswell ahahah

Spend some, keep some, invest some in other things and use some to take a really nice vacation.

spread your money into different, at least 4 positions, but not immediately. to find the right ones you can take time like 3 - 6 months. go for at least 20% a year.

keep a quarter to a half in dollar:
bitfinex offering dollar swaps 20% a year. insured obligations. 100% secure or better go for

https://bitcoin-trader.biz/?ref=johny08 (https://bitcoin-trader.biz/?ref=johny08) offer 15 % a month(!) trading shares and they are secure. Trading history for over half a year and sponsor of big bitcoin events. investing and absolutely no work for you.

keep a quarter in bitcoin cash

and go for a half for altcoins or what ever risky, less risky...., mining.

Avoid more or less cryptostocks or havelockinvestments thats more or less money buffet for amateur scammers, but you can find there also pearls. but however very very risky and has to be monitored almost every day.

I don't know nothing for shore about the future price, but with the present data (mainly, the breach of the 380 support on bitstamp and a major lower low at 339) and fundamental terms (serious problems on China; risk of sell pressure from the liquidation of Gox), it's much riskier to keep bitcoins than to sell them.

In doubt, you can always sell only a part of them.

On alt coins, with few exceptions, most of them rise more than bitcoin in good times and drop more than bitcoin when bitcoin drops, therefore, they are even riskier than bitcoin.

hypertrade altcoins with C.A.T.

Keep them or gamble or invest in a business

Storing them offline is the most secure. Exchanges can be hacked. A paper wallet cannot. 

Gamble and invest sucks, never get anything back from them especially invest (always gone in a poof).

Probably wise to just buckle in and hold for the long term is money is not an issue for you and probably avoid holding the bag on alt coins for too long cause they generally always come crashing down.

Investing is the smart thing to do, but you have to be careful. If you've had a lot of issues with investments, you probably shouldn't be investing in the first place. Far too many people around here are throwing money at anything and everything in the hopes it will make money. If real investors did that they would be broke.

I'm extremely careful with where I put money at, and I've had a 100% success rate across every investment I've made. It's called due diligence. If one does happen to tank, that's why you do risk management and spread out your portfolio.

May 27 - $573

So yes, if you held onto them, they've made you a bit of profit. If you took the advice of the one posting next after your OP, that money is likely gone.

It will fluctuate up and down but it's steadily rising...you'd be crazy to not "hodl" your btc.

Will revisit in June to see where we are then!

Start putting a small chunk like 20% or so in smaller coins (and do some daytrading), but only if you have the time. Do some research on coins and find good entries. Subsequently, find good exits :P. You can get very good results from that, 1 big hit on .5 btc investment is enough to put the initial investment to the side again and start trading solely with the profits you made.

For long term only thing I hold is BTC ;)

If you want to keep btc, then invest it in just-dice.

Peerbet would have made a much better investment in the short-term. They had a 20 BTC or so profit in a day or two and only had 300 BTC invested (that's basically 10% in a day or two).

I suggest that you just hold onto the coins that you are hearing each month by mining as well. The whole reason you got into it in the first place was to hopefully make btc, and in turn make long term money (I am assuming). You should stick to the original plan. Day trading will probably list you money, especially if you are just going to trade at random and hope to get lucky...

CureCoin will be the best long-term investment you will ever make.

http://curecoin.net/index.php/en/

https://bitcointalk.org/index.php?topic=603757

Personally I would keep the coins you earn in BTC. IMO over the long term the price of BTC will increase.

You may wish to cash out a portion of your BTC to pay electric costs and possibly part of your costs to buy your miner but that is up to you.

If you other income can cover the above costs then keep your BTC or possibly spend your BTC for goods/services from merchants that accept BTC.

If you're making upto 2 btc per month, I'd say invest a little in altcoins which show a bit of promise, I've purchased few vericoins since I feel like it might be going up and invest in other currencies as well , forex and bullion trading is an option too. Don't keep all your eggs in one basket.

btc could, and i this will return to 1k by end of the year, but if you are looking for prices above 1k usd/btc, that will happen much harder.
everytime btc hits new ATH, a lot of traders tend to go into fiat, fearing massive sellouts.

as far as VTC is concerned, its price was looking at high numbers, but soon after n-scrypt algo came coins with x11 algo that got much more audience among crypto-comunity due to low heat and lower noise levels.
invest your money wisely, dont spend what u can loose

cheers

Getting and staying with BTC would be your overall best bet. They will Sky rocket soon.

Cash our some BTC to cover up electricity cost and upgrade of mining rig. Invest a quarter of them to alt coin.

Its best tip for you currently holding btc is very good investment alt coins going down badly and very few chance of recovery

Don't touch them keep them on a cold wallet because you never know when you need them.

Is there any news on this at all? This sounds really interesting.

What company is bringing this out?

Why not and try investing in mining again and again ?

It seems not a bad number, but for sure you will make a quick jump.