Help a newbie out please

[tg12345]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

[1714752579]

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[1714752579]

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[QuestionAuthority]

If you don't need the money then put it all on a paper wallet and place the paper wallet somewhere safe. Check the price the next time you need money and see if it's worth enough to help you at the time and then sell it.

[tg12345]

Thanks.  Paper wallet?  There are paper wallets?  I must google. More feedback welcome.  Basically, I have this BTC income stream that I don't know what to do with....

[shashank5119]

You said you are a newbie but you are earning alot of amount montly.If i was you then i would have converted into fiat half of those every month,because u cant say anything what will happen,bitcoin price can go also go down,yes its the future but anything could happen.

[Kakmakr]

There are a lot of charities that accepts Bitcoin as a payment option. Just to name a few, I would add this website, but you will first have to verify it on their site. Go to http://bitcoinforcharity.com/bitcoin-charity-list/ < I do not need the money > is not a sentence you hear a lot around here. ^smile^

[bL4nkcode]

@shashank5119 Maybe he has a newbie rank here in this community but actually a badass in different site or other services 10btc every month is too good. Better convert it in real money even just a half of it, because bitcoin price is not stable, but there are a lot expecting that it will increase because of halving. Just save bitcoin for your future who knows what will happen to bitcoin years after.

[btccashacc]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

if i was you, i would hold them maybe untill the price hit 1K dollars again, after that convert them to the fiat 20 bitcoin's i think and 5 bitcoin for short investment, and the rest for long term investment since we can't predict the future, who knows bitcoin would hit 10K dollars or even more.
Just dont gamble, or invest on hyip programs, coz holding bitcoin it'elf is one of the best investment.

[Herbert2020]

Thanks.  Paper wallet?  There are paper wallets?  I must google. More feedback welcome.  Basically, I have this BTC income stream that I don't know what to do with....

search for "cold storage" in general and read about it, here is an example: https://en.bitcoin.it/wiki/Cold_storage and also https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

but you have to remember that bitcoin price is volatile which means it can change a lot so keeping it can also be risky on top of being so profitable.

[davis196]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

You say you are a newbie and you earn 10 btc every month?I don`t understand...

And you don`t need the money?Lol...

If you really don`t need the money donate them for charity or give them away.

Good luck OP.

[helloeverybody]

10 Bitcoin is a colossal amount to be making every month. If i where you i would just buy what i need with the bitcoin and whatever you cant buy using bitc oin just cash out into fiat. If it was me id keep most of what i dont spend in the hop ethat it will go up in the years to come. Any tips on how you make so much each month? 10 btc per month is just a dream for most.

[krishna1]

If you don't need money then you can store this amount of Bitcoins in a online or paper wallet for a price increase and when you need money you can sell this amount of Bitcoins for money or You can invest this Amount in Online or Offline buissnes for making profits....

[sulendra12]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

You say you are a newbie and you earn 10 btc every month?I don`t understand...

And you don`t need the money?Lol...

If you really don`t need the money donate them for charity or give them away.

Good luck OP.

If he is newbie in this forum , it doesn't he is new on bitcoin world.
As he said earlier , he earned 10 btc/every month is pretty good for me and he is also casino affiliate .
Maybe that's not his money , or he keep it for casino bankroll purpose

[tg12345]

Hmmm...okay, I make about 100k per month USD with my business.  But now a few of my clients will only pay me in BTC.  I think that's great for BTC, but I just don't know what to do with it.  I mean, eventually, there's only going to be 21M of these things, right?  Should I just hold on to them?   I wish I'd bought a shit-ton of them when they were 10 cents...whatever.

[DOGE12321]

I would suggest you store it somewhere safe like cold storage or paper wallets and wait for the price to increase. You are possibly one of the biggest earners of bitcoin in the forum.

If you have no other option you could still donate it to me.  

[NorrisK]

Hmmm...okay, I make about 100k per month USD with my business.  But now a few of my clients will only pay me in BTC.  I think that's great for BTC, but I just don't know what to do with it.  I mean, eventually, there's only going to be 21M of these things, right?  Should I just hold on to them?   I wish I'd bought a shit-ton of them when they were 10 cents...whatever.

If you really don't need the money I would just save the coins on a hardware wallet.

Buy a wallet like a trezor and move your coins on there. That way, you don't have to think about them anymore and they are safe from hacking. You may even want to get multiple ones in case your device fails and you lose your back-up code.

The device costs around 100 usd without shipping, so that is hardly anything for keeping those amounts safe.

[tg12345]

Haha, no, i've just been forced into bitcoin because a few of my clients will only pay me in bitcion now.  It makes sense though as the currency of the future.  None of the Star Wars or Star Trek movies or any sci-fi book have USD in it.  Paper money kinda seems silly now, doesn't it?  FYI i'm totally hammered and playing 3 tournaments on pokerstars...

[X7]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

Buy a Trezor immediately and hold it in cold storage, safely offline. come back to it in 8 years, then do some good with the money. Life isn't all about how much $$ you make

[Zadicar]

!0/BTC in a month is a dream for anyone whose working hard for gaining btc on Bitcoin world. If you dont money then donate them to charity or share it to other or  you changed you mind then keep holding on those coins it might give you a brighter future when the price of bitcoin reach insanely high amount.

[NeuroticFish]

Hi everybody.  I'm a casino affiliate and a few of the programs I work with will only pay commission in BTC now.  I have about 30 BTC in Multibit, and I get about 10 BTC every month.  What should I do with it?  I don't need the money, so I could hold it indefinitely.  Is this the future?  I kinda think it is...should I just hold on to it?

I believe that this is a joke. Newbie with such a big income in BTC....

However.... if you plan to use this money in the near future, a hardware wallet would be the way.
But since you don't... I'd say you generate (make sure you do that safely!!) a fair number of paper wallets, laminate them and fill them with your BTC.
Try to not keep them all in the same place.

Why this? Because your computer may get hacked or corrupted, an USb stick with hardware wallet will not live forever, but the paper inside plastic is a pretty safe and long term choice.

[penduko]

are you joking? if you are not well im very jealous right now. earning 1 btc for me took me almost a month and half. i cant believe just doing casino affiliate can generate much money like that.