What do you do with your idle coins?

[NorrisK]

I just let them sit idle in a secure way. I'd rather have my coins safe than to risk them for a few % of gain every year.

Maybe when there are better options to gain interest on the coins, that are safe and backed by real stuff / government (like banks) to ensure you will get your coins no matter what.

[1715115960]

1715115960

[1715115960]

1715115960

[fravia]

i dont do anything with my idle coins though i am planning to buy something after some time if the price will increase

[MissionPhailed]

Well ... Actually nothing. I tend not to trade with 'em as I expect myself to divert somehow from the 'buy-low-sell-high' rule, and gambling is out of the question as long-term playing normally results in losses.

[TheButterZone]

[LuckyYOU]

Most of them are sitting in my wallet, waiting for a buy mood of mine.

The rest (15%) i keep on a exchange in case I want to buy something.

[Moneyburner]

Doing anything but keeping them idle is too risky for me. I just let them sit and do their thing. People wouldn't take their retirement accounts and actively trade them. Too much risk for something that would go up just sitting idle anyway.

[USB-S]

Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.

So, what do you do with your idle coins? Let it sit around?

unlike fiat currencies that are parked in bank accounts getting 0.5% a year..
bitcoin can just sit on a paper wallet.. and gain more than 0.5%.

take this month.. was $250/coin.. now $320. = 28% interest, just by doing nothing

but that is relative to usd. if you're talking about Bitcoin itself, putting it in a wallet will increase the value in btc

this is true, if you want to increase the amount of bitcoin you need to work hard not leaving them doing nothing, but it is because bitcoin is rare not like fiat which is infinite basically

if bitcoin was designed with interest earning by simply living the wallet open(like pos) it would only make it worse

Another pos vs pow argument, but here I go. Providing proof of stake eliminates 51% attack and is much cheaper to operate the entire network. Since you only have to have nodes up and no hashing power is needed. However proof of stake is more like a hoarders wet dream. Being payed to own money. It goes either way, since people on bitcoin network hoard asics for their farms. Why not eliminate asics and replace that with money itself.

OT: most of my idle coins are sent to my retirement account.

there are still other kind of attack with pos coins, it's not safer, i remember the hacking attempt(that was successful in the end) on mintpal with a pos coin, they lost a big portion of coins there

replacing farm with coin's hoarding will not work, because the whole pos thing will make the rich, richer, instead with a farm it does not matter how much asic you own, you won't gain much more because of the bills to pay and especially because of the halving

If we divided all the money in the world equally, in a short time the rich would be rich again, and the poor would be poor.

It goes with every new tech that, early adopters will have most of the entire supply. Same happened with gold, silver, bitcoins, litecoins. early adopters are all rich. since you can't really stop a blockchain from creating new blocks unless you shut down all the nodes. most altcoins that have volumes will just roller-coaster along with bitcoin. That means every alt that will continue to have volume in the future will succeed. Even the POS coins. However there will only be one bitcoin.

The nature of blockchain technology is sometimes too good to be true.

[Mickeyb]

I let them sit in my cold storage, the coins that are a long term investment. That's what everyone should do actually and not giving their hard earned money to the scammers out there while trying to invest into shady proposals.

Of course I do have a small amount in my spending wallet, for when I need to buy something and I can pay with bitcoins.

[bitbaby]

I just let them be idle. I don't see anything worth investing, all the cloud miners, lending places, HYIPs etc. are platforms for scamming and I stay as far away from them as possible. When the price hiked a few days back to 450+ I did sell some of it to bring back my investment and now the coins I have is all profit, I will buy more when the price drops but right now I am at no loss stage.

[mattjack]

Been buying a bit of bitcoin every month for the past year, I gotta say, its worked out splendid so far

[vurasasog]

I hold most of my coins and spend some of the coins to increase the circulation of bitcoin. When I spend, I will buy back.

[Blue_Tiger73]

I just keep my idle Bitcoins in my wallet. I wish there was someway to gain interest from your idle coins like a bank. Are there any Bitcoin banks? I haven't heard of any. This would be great for Bitcoin if a company did this.

[Blue_Tiger73]

Yeah....this is pretty much what I do with my coins. I keep most of my coins in a software wallet and a small amount in my web wallet incase I want to buy something.

[kpitti]

I have majority in my cold wallet. Then some amount investing in the bankroll casino loking for some profit there.
Small portion I have for daily spending. Some sportsbetting etc... .

[Loimu]

Well, my idle coins are just that. Idle. Coins. In my wallet. Majority of my coins are 'idle coins' which I am just holding.

[xhoneyael]

your idle coin just trade it to flat to bitcoin and vice versa
if you want more risk altcoin and bitcoin vice versa just look for good coin to start with

[1Referee]

My Bitcoins will sleep for years I have been collecting coins since early 2013 in my cold wallets, and since then I haven't moved out a single satoshi from these wallets. And that will not even change if we reach $1000 again. I look at the bigger picture. To make profit I simply use my coins that I have for trading purposes. It gives me the best of both worlds.

[Laosai]

I just keep my idle Bitcoins in my wallet. I wish there was someway to gain interest from your idle coins like a bank. Are there any Bitcoin banks? I haven't heard of any. This would be great for Bitcoin if a company did this.

I saw a "bitcoin wallet" before that offer some percentage as a daily interest from your idle bitcoins but its most likely an HYIP/ponzi (eventhough they claim it as a wallet). You should avoid things like that. Anyway I doubt there is such wallets that offers like banks do, if there is any, as I said, it will be most likely an HYIP/ponzi and you should stay away from that.

[n2004al]

I have some coins idling around in my wallet but I cannot bear to put it in hyip or risk it. But it is a waste to let it idle around. Yes. I have coins in some "lower risk" hyips to generate some interest which I'm prepared to write off. I also have some coins converted to hashing power in hashnest and BW.com but it has to be monitored else you will suffer a loss instead.  


Unlike fiat currencies, I cannot park these coins into banks backed by governmental institutions. I put my fiat currencies in banks or blue chips but I cannot do it with cryptos.

So, what do you do with your idle coins? Let it sit around?

I have not to many bitcoins but even with this fact I have invested some of those. I think with low risk but no one can be sure about the risk of every kind of investment. First it was a website online which is online for about 5 years and in development for about 9 years (main factors those which make me to invest there). They give a low everyday interest (about 0.5%) of the bitcoin or money invested and until now have been more than correct with everything. If the interest would be more I will have doubts. Then a very good other sign is even the declaration of the source of their earnings. This was another important factor that make me to invest there. I am again testing those and gave invested only 1 bitcoin. There are gone about three weeks with those. The signs are very courageous. If you want the reflink pm me.

Then I have discovered recently (under the recommendation of a friend) a very interesting project which is complex and have even their crypto. Seems that their have the human factor and the fairness within everything build until today and have these characteristics as a main aim of their activity. This attracted me and I began to buy amounts of their crypto named Horizon. Originally known as ‘Next Horizon’ or ‘NHZ’, Horizon was the first first clone of NXT, a new generation digital currency platform which offers some major advantages over bitcoin technology. Practically I am buying this coin in big quantities with the hope that one day the philosophy of their creators will be a winning one.

[crazyivan]

I exchange them for PoS coins, stake PoS and take interest. Just make sure you select an appropriate PoS coin cause not all of them are good.