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Author Topic: What do you do with your idle coins?  (Read 30459 times)
CreativeCarol
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February 08, 2016, 04:06:46 AM
 #301

I personally just like to spend them. It isnt a good idea to hold coins for too long. The price just doesn't growm it drops, and grows. Sometimes for worse. Sometimes for greater, but you can't put faith in a code. It's not safe.
Miiike
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February 08, 2016, 05:16:08 AM
 #302

I got a hard time letting coins sit.  Not gonna lie.  I like trading some bitcoin here and there for other coins like DASH and some others.  Never made much money doing so however.  Trading is tough, man.  So I guess the coins aren't idle anymore if I'm trading them, are they?  Idle coins just sit...idle.

what do you do  after converting to DASH, will you do something else with it or make it idle in dash or keep on converting to other coins  Huh , i am new to all these so just want to know

As he said, he trade them.

Simplified, trading means you buy one altcoin (on this case, its DASH) when the price is considerably low, and wait for the price increase before selling it back and gain more coin from those price differences. Im still new to trading too, but i believe you'll learn faster by doing it yourself
babs1975
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February 08, 2016, 05:42:34 AM
 #303

Putting your coins to lie idle in a wallet is like putting your dollars under a mattress. I believe in risking because that is when you will earn. There is no business or investment which is risky. Put the coins somewhere where you believe they multiply rather than staying constant.

ricardobs
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February 08, 2016, 07:05:13 AM
 #304

Putting your coins to lie idle in a wallet is like putting your dollars under a mattress. I believe in risking because that is when you will earn. There is no business or investment which is risky. Put the coins somewhere where you believe they multiply rather than staying constant.

I do not agree keeping a bitcoin wallet idle is not equivalent to putting your dollars under a mattress. You might have forgot the value appreciation of bitcoin. Dollar is just a currency. But bitcoin is also an Investment.
AMR008
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February 08, 2016, 09:36:38 AM
 #305

i just save them to buy things online Smiley and i keep it safe as the bitcoin is increasing in day tto life:)
Freshmen
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February 08, 2016, 10:15:22 AM
 #306

I just hold them and wait for now, bitcoin investment field is growing and there is no legit company or bitcoin bank currently existing offering interest on saved or kept BTC, trading BTC needs some skills too IMO.
nelia57
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February 08, 2016, 10:17:38 AM
 #307

had i bought my bitcoins at a lower price i'd probably sold them now for profit and maybe bought again at lower price then sell/trade again.. My coins are still lying idle there in multiple paper wallets waiting patiently to be taken out, that will happen probably after the halving (this year hopefully, for good ROI).
youdamushi
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February 08, 2016, 10:17:44 AM
 #308

I don't have idle coins! They're for the weak who don't dare invest or trade :3
Idle coins are useless that's the main point. Better invest them somewhere! I don't like to just "hold" Grin


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avikz
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February 08, 2016, 10:22:02 AM
 #309

HYIP is risky so never put your cryptos in to any of these sites, you may loose them all.

If you have idle cryptos, you can invest in mining companies. There are many mining companies available who accept altcoins to buy mining power.

I had loads of dogecoins and I have invested them in a mining company to mine bitcoin. little google search will help you discover some of mining companies that accepts altcoins to buy mining power. Just do a little review check before investing.

adicted
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February 08, 2016, 10:36:46 AM
 #310

Putting your coins to lie idle in a wallet is like putting your dollars under a mattress. I believe in risking because that is when you will earn. There is no business or investment which is risky. Put the coins somewhere where you believe they multiply rather than staying constant.

So you mean we have to invest it , I agree with you since that's what I am doing right now but you shouldn't put all your coins in just one basket, its still better to put some coins on idle mode and some on investment. That would be a good way to manage your coins and earning profits as well
vurasasog
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February 16, 2016, 06:46:48 PM
 #311

HYIP is risky so never put your cryptos in to any of these sites, you may loose them all.

If you have idle cryptos, you can invest in mining companies. There are many mining companies available who accept altcoins to buy mining power.

I had loads of dogecoins and I have invested them in a mining company to mine bitcoin. little google search will help you discover some of mining companies that accepts altcoins to buy mining power. Just do a little review check before investing.

For the short term, it is better not to invest in mining operations. The difficulty will rise too quickly. It will not be profitable.
lister storm
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February 16, 2016, 07:12:03 PM
 #312

i just store it in my wallet and that is it, sometimes if i get a deal i buy with them something digital, but mostly i save it
Junko
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February 16, 2016, 08:10:25 PM
 #313

I just let my idle coins idle. I have coins that have been idling since August 2012. Been working out fine so far.
romero121
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February 16, 2016, 08:36:03 PM
 #314

I just let my idle coins idle. I have coins that have been idling since August 2012. Been working out fine so far.

Having idle coins doesn't mean that its not profiting, the more it is in the wallet the more you earn when you exchange it. As his coins are idle from 2012 he'll earn a good profit. In 2012 he bought and made it idle, but the price variation within 2012-2016 gives profit.

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treeguard
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February 16, 2016, 08:38:26 PM
 #315

i just make them sit in my pocket and thats it, idle coins are like my investment that will make me rich soon
tech_solutions
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February 16, 2016, 08:40:37 PM
 #316

I dont do any thing with my idle coins which are in savings , i do small trading when ever it is i feel that their will be some movement or i do recharge for my mobile and i convert it my fiat currency for my personal expenses. balance i keep for my future
Xialla
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February 16, 2016, 08:41:12 PM
 #317

printed and waiting, what else?Smiley
BoeserKeller
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February 16, 2016, 08:58:35 PM
 #318

Honestly, it depends on how much coinage you have, IMHO.  If you have a good bit, then I suggest maybe putting them into cold storage or paper wallets.  But honestly, I think the best way to do this and "gain interest" litterally, is to buy some type of physical coin which you can load your coins there.  Something that you can hold on to, and more than likely they will pan out to have a pretty high premium later on down the line in the future when physical bitcoins coming out from this decade will be highly sought after. Better to have coins just sitting in a hot wallet idling, where they could be easily stolen...
SimplisticStu
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February 16, 2016, 10:37:22 PM
 #319

The majority of mine are invested in a very secure low percentage return site where they've been for over a year and so far generated an additional BTC1.5  Smiley with auto monthly withdrawals
BoeserKeller
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February 16, 2016, 10:42:37 PM
 #320

Some are on exchanges but most of them are safely stored in my encrypted wallet. It's never safe to store too  on an exchange, but i prefer to have some coins available online for when i get a good deal.
However i never try to have more then 5 btc on 1 exchange.
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