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Author Topic: What do you do with your idle coins?  (Read 30459 times)
biggbox (OP)
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November 27, 2015, 02:30:54 PM
 #121

Thank you! Check PM. :-)

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.  Grin


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.

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newcoins1978
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November 27, 2015, 02:35:27 PM
 #122

I just let them sit in my wallet, there's a certain amount that I let sit idle and a certain amount I use to trade or that I use to spend. If I gain more bitcoins some of it will go into my idle wallet and some in my active one.
enthus
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November 27, 2015, 02:42:41 PM
 #123

i keep them in my cold wallet so i do not get tempted to spend them
zircon
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November 27, 2015, 02:43:38 PM
 #124

Your Bitcoins effectively "earn interest" just sitting there because with fiat they print money. The interest is only to offset the amount being printed.

I don't see any other option than to HODL as the fiat world hopefully crumbles around us.

bitlancr
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November 27, 2015, 03:03:24 PM
 #125

I don't do anything with my idle coins, the ones that I keep idle, I those coins as a savings account. Like you could have at a bank. What is that money doing? Sitting there collecting an interesting rate.

The coins that I use to spend, are in a seperate wallet. That's how I manage to keep track.
Indrawan77
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December 03, 2015, 11:48:39 AM
 #126

just let idle, there are a lot of investing site which is difficult to be track whether they scam or not
bearex
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December 03, 2015, 12:12:49 PM
 #127

I thought about investing in BTCjam, but i dont feel safe, so i just keep them in my desktop wallet.
adicted
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December 03, 2015, 12:22:17 PM
 #128

I just let most of it stay as it is and waiting for the big rise to happen, in short I just hold it. But I also used to spend some of it in case of I need something urgent , I also play gambling with casinos and ponzis Cheesy
nichu
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December 03, 2015, 12:29:23 PM
 #129

i save it for later because i believe that bitcoins price will grow a lot in the future so i dont spend it now at all

so thats the only good thing to do..save whatever u have Wink
ThunderThomas
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December 03, 2015, 12:38:06 PM
 #130

I just store idle coins on my offline wallet.

I don't really do anything with them, that's why they are idle, I'll take them out when I think I can make some profits of them

Hugroll
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December 03, 2015, 01:11:39 PM
 #131

well you can always go for trading, you know, "move your money" can bring you some beneficts if you study the markets and have a little bit of "lucky".

I also have some coins converted to hashing power in hashnest and BW.com.

i will never recommend all those sites, maybe for some people all those sites like hashnet looks good but i preffer to risk my idle money as you said with trading than with all those sites.
i currently have about 2 btc just sitting in my paper wallet, and when the price went upto like 380,i was thinking whether i should sell now and make profit if bitcoin goes back down. but what stopped was was the thinking that what if the prices go up even more?

i personally dont have the guts to start trade, the thought of a loss scares me far more than the happiness from a win
biggbox (OP)
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December 05, 2015, 04:37:45 PM
 #132

I tried to put my idle coins in dice investments. But after 36 hours, its still negative!

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kyrios_
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December 05, 2015, 05:12:16 PM
 #133

I tried to put my idle coins in dice investments. But after 36 hours, its still negative!

did you see what happened at bitdice. some guy won few hundred btc
bitbaycom
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December 05, 2015, 06:16:21 PM
 #134

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.  Grin


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?

This new service called coincube.io springs to mind!

I read about them recently on TechCrunch. Sounds really interesting.
lolgato
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December 05, 2015, 06:30:01 PM
 #135

I just leave them in my wallet till I get something to do with them I just normally invest them Tongue
Nimbulan
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December 05, 2015, 06:53:02 PM
 #136

im just holding them i hope that the price of the bitcoin will rise a lot in the future because of mass use of people and because of a having event what means that people will start buying bitcoins lets hope im not wrong about it and i will not loose all my money that i now have in bitcoins

 
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ShrykeZ
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December 05, 2015, 07:11:41 PM
 #137

Leave them there idling until there's a time they are needed for something vital.  Cool
richardsNY
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December 05, 2015, 07:27:22 PM
 #138

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.

It's not that wise to convert your Bitcoins into an altcoin that you think will give you an interesting stake percentage annually. By the time you have collected the earned interest, the coin in question has come down in value heavily.
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December 05, 2015, 08:11:15 PM
 #139

I keep a bunch in cold storage and buy cloud mining contracts with the ones in my hot wallet.
If I really have a surplus, I go solo mining with a rented rig Smiley

And sometimes gambling, not too much though.

Nabicoma
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December 05, 2015, 08:34:39 PM
 #140

I hold most of my coins. Invest some in bitcoin "banks" such Haobtc. Then buying some goods with the newly mined coins as I mine as well.
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