What do you do with your idle coins?

[randy8777]

i am trading from time to time hoping to make some profit, but if there isn't enough volume then i simply let my coins sleep in their wallets. no problem.

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[dhimasnk]

I'll just let the coin, I am afraid that the Ponzi system and lose my coin.

[CoinBateman]

i personally just let them sit in my paper wallet. i heard about this site called magnr that pays u interest, but be carefull using it. dont put too much.

That's interesting, how long have they been around?

[Devesh]

Op, you should invest in house edge as we know that house always win. That is your safest way to get safe returns.

[biggbox]

i personally just let them sit in my paper wallet. i heard about this site called magnr that pays u interest, but be carefull using it. dont put too much.

Thanks! Sounds like similar concept as haobtc.com, interest generating wallets.

[coinplus]

Idle coins are my savings. Every early adopters have big amount of bitcoins and made them sleeping for years. They treat their idle coins as investments. Bu the way they help bitcoin community to get better price for bitcoin. You also can help our community by making more coins idle.

[JeWay]

I usually keep it right there in my wallet til the Bitcoin price goes up, then I'll buy some goods with the Bitcoin.

[miragecash]

bitcoin is money. when investing money, i have 2 suggestions;
1. if it is a small amount of money, invest in yourself. buy a book and learn how to code, then code for more bitcoin.
2. if it is a large sum of money, you can invest it, but be sure to diversify your investments to minimize risk of loss; 
A. stocks
B. gold
C. bonds
D. cash
E. land

This is classical investing advice, before invention of bitcoins. If I were to categorize bitcoin, I'd put bitcoin in "B", gold because most people who own bitcoins just hoard it just like people who own gold. Bitcoin is gold on steroids. It is deflationary, like gold, too.

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?

[gentlemand]

I fondle them. No third party is getting anywhere near them. No, sir.

[addy boy]

I mostly use them to earn profit because I dont like taking risk for my coins too so I just put them on my trick and yeldong a daily profit of 2-3% without giving anyone my coins or without risking it.just a clean simple work my investment and my oun profit

[~Bitcoin~]

I am running bitcoin faucets with my idle coin. But on starting months there will be more expenditure than income. But after you get some good number of daily visitors you will start earning. You should have some coding knowledge to get better return.

I am happy wtih this as i am getting some return like 20% more than i giveaway in claims.

[Pursuer]

What do you do with your idle coins?

never invest in any hyip, Ponzi and other scam investments at all. because the risks are so high that you are going to regret your decisions immediately after investing.

what I do is that I put aside the most of my coins in my cold storage and have no plans of touching them for a long time (until price rise). and I invest the rest of them into trading altcoins, which has been successful for me so far.

I do some spending on the side too, like buying small stuff and gambling and playing different games with my bitcoins.

[1Referee]

I have coins sitting in my cold wallets from 2013 till now doing nothing I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

[dothebeats]

I have coins sitting in my cold wallets from 2013 till now doing nothing I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

Keeping them has a lot more potential to give you amazing returns rather than investing them onto something which could possibly scam you or run away with your money. In this kind of ecosystem that we have, it's really better trust your own self with your own money rather than asking someone to keep/multiply it for you.

[mallard]

I just leave them in the wallet.

[bitgolden]

I just leave them in the wallet.

Yes. That must be the greater idea even Satoshi is doing that from day one. Idle coins are virtually working for you just like a investments. People getting confused with fiat money and bitcoin. An idle fiat is not an investment whereas idle bitcoin is pure investment to multiply your net worth into multiply times.

[1Referee]

I have coins sitting in my cold wallets from 2013 till now doing nothing I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

Keeping them has a lot more potential to give you amazing returns rather than investing them onto something which could possibly scam you or run away with your money. In this kind of ecosystem that we have, it's really better trust your own self with your own money rather than asking someone to keep/multiply it for you.

People always look at how they can invest their precious Bitcoins in shit coins or scammy cloud mining sites. They don't realize that holding Bitcoin is an investment already. Holding Bitcoin is the best possible investment with the least risk. And the best part is that you have your own coins in control.

[Mickeyb]

I have coins sitting in my cold wallets from 2013 till now doing nothing I absolutely don't care if my coins aren't being used. I rather leave them there than investing them.

Keeping them has a lot more potential to give you amazing returns rather than investing them onto something which could possibly scam you or run away with your money. In this kind of ecosystem that we have, it's really better trust your own self with your own money rather than asking someone to keep/multiply it for you.

People always look at how they can invest their precious Bitcoins in shit coins or scammy cloud mining sites. They don't realize that holding Bitcoin is an investment already. Holding Bitcoin is the best possible investment with the least risk. And the best part is that you have your own coins in control.

You can't really do anything when the greed takes over! All of us wants to see our Bitcoin balance growing daily. That's the problem. If you don't have self-control, you are pretty much screwed. That's how people are losing their money daily and scammers are profiting.

[dexX7]

JoinMarket (warning: experimental, as far as I know) may be used to gain a tiny interest for providing coins for CoinJoins:

https://bitcointalk.org/index.php?topic=919116.msg10096563
https://www.reddit.com/r/joinmarket

To quote:

Elevator Pitch for Investors

Firstly I'd like to clarify what I mean by investing. I don't want you to give your bitcoins to me. I dont want you to give your bitcoins to anybody. The private keys would be safely held on your own computer, known only by you and your wallet.

Features:
1. Earn an income from your investment bitcoins.
2. Very low risk. Your coins have to be on an online computer, but the software would only sign transactions that are valid and pay you the correct amount.
3. No commitment, withdraw your bitcoins at any time.
4. Improves the privacy of the bitcoin transactions, which makes bitcoin as a currency more useful and thus increases its value.
5. Improves the fungibility of bitcoin, since the distinction between 'clean' and 'dirty' bitcoins will be meaningless. Eliminates this particular systemic risk to bitcoin.

Downside:
1. Your return is likely to be quite low. Low risk = low reward.
2. You don't get paid unless people who desire privacy actually use this. If you're an investor you have an incentive to tell people about JoinMarket.

Some Dice sites allow to deposit coins for the house, where gains (and losses) are shared.

But in general, I share the sentiment: better check these things twice, before giving away the control over your bitcoins.

[Betwrong]

I am running bitcoin faucets with my idle coin. But on starting months there will be more expenditure than income. But after you get some good number of daily visitors you will start earning. You should have some coding knowledge to get better return.

I am happy wtih this as i am getting some return like 20% more than i giveaway in claims.

That looks interesting! But in what time period do you start having +20%? You said "on starting months there will be more expenditure than income" so how long does it really take, 5-6 months or more?