davinchi
Legendary
Offline
Activity: 2100
Merit: 1058
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December 21, 2015, 10:57:53 AM |
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Honestly it depends on how much coinage you have, IMO. 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.
Speaking frankly i just put my extra money to my btc and leave it to grow and feels that everyone should do that with their extra money as keeping money in btc is much more than savings its investing. So btc is a platform to keep money safe and also get steady returns on it.
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Hugroll
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December 22, 2015, 02:53:55 AM |
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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? pretty much all of my coins are idle cins right now, i just store 90% of them in my paper wallet, and the rest is chilling in my hot wallet address. i only spend the coins when i find something really good to buy.
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mrcashking
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December 22, 2015, 06:40:17 AM |
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My idle coins are held in the wallet always cause i know if they get out for any reason there is a very less chance for them to return back ,every investment at present is more or less scam.
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prodigy8
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December 22, 2015, 06:41:29 AM |
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My idle coins at the moment are staying in their wallet.
And they are expecting to be grown as much as possible.
Currently i don't have any plans spending them as the bitcoin price has decreased a bit.
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zecexe
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December 22, 2015, 03:17:23 PM |
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Though saving your idle coins give lesser returns, most of us hardly tend to look for better alternatives and keep continuing with our idle coins to park in a cold storage. I'm just waiting for the right time to move my idle coins from my cold storage if the price break the moon.
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ATguy
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December 22, 2015, 03:31:31 PM |
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Very strange question... The coins being idle are what someone would be doing with them. I suppose you could stare at them through your computer screen or perhaps if it's a paper wallet, you sniff the paper.
I check the coins on blockchain from time to time - no need of sniffing, I mean these stored on paper wallet. Idle coins should be stored safely, if you invest the coins you just have IOUs and this is not safe at all. You should only consider investing conis your comfortable to loose.
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jackg
Copper Member
Legendary
Offline
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
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December 22, 2015, 03:34:51 PM |
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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? Manipulate the Hashnest market! That's what I do. Buy when I get up at 10:00 am GMT at weekends, sell at about 6 pm GMT and make profit. There is ore demand at 6pm than at 10am GMT as 10am GMT is 4am PST and 6pm is 12:00 PST. Seems to be a ood stratagie but has chance to los soo. Not a fool proof system.
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greBit
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December 22, 2015, 03:37:44 PM |
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Though saving your idle coins give lesser returns, most of us hardly tend to look for better alternatives and keep continuing with our idle coins to park in a cold storage. I'm just waiting for the right time to move my idle coins from my cold storage if the price break the moon.
If that's the case then I think your wait for the right time is going to end soon because during Christmas value of Bitcoin is gonna break the moon as per the survey and experts opinion let's wait and watch even I am waiting for the same moment
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newcoins1978
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December 22, 2015, 03:39:59 PM |
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Very strange question... The coins being idle are what someone would be doing with them. I suppose you could stare at them through your computer screen or perhaps if it's a paper wallet, you sniff the paper.
Lol I guess Op was just curious as to what everyone is doing with their idle coins that they aren't using at the moment. There's a reason for why mine are idle, for me not to use them and use them for future purchases and maybe sell when the price is high.
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nerFohanzo
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December 22, 2015, 03:50:47 PM |
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Though saving your idle coins give lesser returns, most of us hardly tend to look for better alternatives and keep continuing with our idle coins to park in a cold storage. I'm just waiting for the right time to move my idle coins from my cold storage if the price break the moon.
If that's the case then I think your wait for the right time is going to end soon because during Christmas value of Bitcoin is gonna break the moon as per the survey and experts opinion let's wait and watch even I am waiting for the same moment Yes christmas and the year 2016 is the year of bitcoins as the prediction is that the price of bitcoins will reach the moon so that would be the best time to sell part of bitcoins and earn profits and again wait for the price to go down so that we can afford to buy few more bitcoins and I don't think that there can be idle coins in my wallet as I actively keep on spending my coins whenever I need regardless of future price.
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yoona
Sr. Member
Offline
Activity: 493
Merit: 250
Live by your own rules
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December 22, 2015, 03:59:11 PM |
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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'm also confused with idle coins,its a weird and lost trade,i think when i buy some coins it will raise up and i got profit,but i never think about how i got information caused up or down that coins price,and finnaly i'm lost some bitcoin for buying another crypto,and it wasting a precious bitcoin.
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crazyivan
Legendary
Offline
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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December 22, 2015, 07:02:52 PM |
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No idle coins. Most of my unused BTC have been exchanged for PoS coins, mainly DMD Diamond, CLAM and FLY. Then I let these stake and make more BTC.
Keeping coins in your wallet and letting them sit there is a pretty stupid idea.
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cptdome1
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December 22, 2015, 07:04:22 PM |
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I let my idle coins sit in my wallet that I dont touch. I have a spending wallet that I will use for anything else.
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BruceLee007
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December 22, 2015, 07:11:36 PM |
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well it is idle coins so what else can you do with it instead of saving up for something like a price increase? it is in my cold storage what means that it is in a paper wallet i save it for the future because i believe that it will make me rich even though i dont have a lot of bitcoins
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kyrios_
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December 26, 2015, 08:31:38 AM |
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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? Manipulate the Hashnest market! That's what I do. Buy when I get up at 10:00 am GMT at weekends, sell at about 6 pm GMT and make profit. There is ore demand at 6pm than at 10am GMT as 10am GMT is 4am PST and 6pm is 12:00 PST. Seems to be a ood stratagie but has chance to los soo. Not a fool proof system. wow, I sense a whale. can I join in and ride your wave?
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Small
Sr. Member
Offline
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
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December 26, 2015, 09:56:43 AM |
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I keep a significant portion on gambling sites and the others in cold storage. Gambling sites are a great way of generating almost guaranteed profits due to the house edge. However, not all are trusted. I invest funds mostly in moneypot and the others in satoshidice.
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defaultking
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December 27, 2015, 12:29:46 AM |
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I can't just let my bitcoin sit in cold storage either. I invest across several p2p bitcoin lending sites. I don't always make the rifht decisions but by diversifying my portfolio remains positive. We will see if it remains that way after the halving.
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sillug
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December 27, 2015, 12:30:20 AM |
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HODL.... That's what you should always do.
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Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
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December 27, 2015, 12:45:33 AM |
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I can't just let my bitcoin sit in cold storage either. I invest across several p2p bitcoin lending sites. I don't always make the rifht decisions but by diversifying my portfolio remains positive. We will see if it remains that way after the halving.
Out of curiosity what p2p lending sites do you use, and how do they maintain the security of the loans? Do they require fairly large amounts of collateral, or is it completely trust based?
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