Bitcoin Purchases

I have some bitcoins and found a secure way to keep them. What do I do with them now?

you can spend them on a couple of million things. just google "where can i spend bitcoin" and find all of the things you can buy with it.

you can take advantage of services like gyft to buy gift cards and save up on a lot of money.

you can just holding them in cold storage (if that secure way to keep them you found is the same). and just hold them for a long time and wait for the price to reach a big number (many say 10K)

-HODL.

-Buy at merchants such as Steam and Overstock, or buy items indirectly through third parties like Purse.

-Transfer into gift cards with services like Gyft.

-HODL.

It is not a good idea to spend them right now If you are just going to use them for small purchase because of high fees and high confirmation time. So the best move right now is to HODL your bitcoins and wait for the time when segwit or if other scaling solution is activated. If it happens, the price will soar and you can easily spend your bitcoin. Just be sure to keep them safe always.

Depends how many you have. You have got in at a perfect time because the price is really beat down. I bet it doubles in the next 6 months so I would hold.

It is your bitcoin you can surely do a lot of things with it, but I think you need to spend it wisely just like money you can never know when an emergency might occur and you will really need something at hand, so I guess spend it on the needed ones for your family and your house and just save the rest of it for a very important matter.

Quote from: Qartada on May 18, 2017, 04:15:10 PM

-HODL.

-Buy at merchants such as Steam and Overstock, or buy items indirectly through third parties like Purse.

-Transfer into gift cards with services like Gyft.

-HODL.

Agree w/ Qartada. "HODL" is a great speculation! Majestic ups & downs, lotsa fun...

But, if you want to spend BTC yet buy something with long-term value, buy gold with BTC! But, take note that lately BTC has far outperformed gold.

Last I looked, the below two metals sellers accept BTC:

providentmetals.com

jmbullion.com

(perhaps USA only)

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

whats your plan for bitcoin? did you buy them just to be be able to spend them? i hightly doubt that youd go through the whole conversion process just to spend them on something else. don't be like me and sell them for a small profit, if you decide to hold them. there are lot of problems with confirmation times and transactions times at the moment, so try not to use them for any small purchases, or the fee-to-transaction ratio is gonna be tremendous. honestly, i would just hold them and see where it goes from there. the price, regardless of all the bs going on at the moment, should continue to rise, as it is the gold standard of cryptocurrencies.

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

You can do almost anything you want. Read few of the articles below to find out where you can spend them..

http://www.investopedia.com/news/8-things-you-can-buy-1-bitcoin/
http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/
https://bitcoinmagazine.com/articles/where-to-spend-your-bitcoins-1351206720/

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

In 21st century, I can't believe someone can still ask this kind of question about bitcoin after he was able to buy at the time when the price of bitcoin is much lower and still found his way to this forum and still font know what to do with bitcoin, I definitely doubt that.

Just buy the necessary things that you require.
Use giftcards / purse.io to buy from amazon.
Buy video games from steam.
Buy goods directly from people on forum.
Alternatively you can use virtual bitcoin debit cards to spend your bitcoins wherever visa is accepted !

No, I would have if I didn't deleted my 0.75 BTC in 2011. Angry

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

Depends. If you bought those coins as form of investment, i would suggest you to keep holding them. Sell it when you thinks it's the right time to do so.
Or if you bought them for casual day to day use, just use them as you would with a fiat currency. Buy things online and pay using bitcoin.
You can also buy other alt coins using your bitcoin if you want.

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

It is better to keep them and earn a lot of bitcoin today. It is good that you found a secure way to keep them which is good for you, and I also have my bitcoin wallet that I already trust so I am really expecting that my bitcoin wallet will also secure my income.

The thing that worked the best for me is the 80/20 strategy. You hoard 80% and spend 20% ..... We need to support the services and merchants

that accept Bitcoin { this is why you would be spending 20% } We also need to hoard some bitcoins as a speculative asset. The more bitcoins that

are being hoarded, will increase the price. {less supply & higher demand = higher price} Grin

Quote from: eann014 on June 04, 2017, 01:10:12 PM

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

I guess the OP wants some suggestions on what he can do with his Bitcoins.
To OP: it depends on what is your financial status as well as how many bitcoins you have. If you're in some crisis then it's best to sell some Bitcoins and solve them otherwise hold them for eternity.

Hold them.
If you don't have necessary requirement don't do any thing. just hold them. bitcoin is future currency. your coins can worth too much in the future.
Since you are a newbie member probably you don't know bitcoin well. Try to achieve knowledge about bitcoin. Then you yourself will know what you should do with your bitcoins.

I think in my own opinion try to buy some altcoin choose altcoin in top 20 rankings in coinmarketcap.com
Where you can have a chance to get more profit in other altcoin if the price of bitcoin increases you can gain more profit with the altcoins.
Like ethereum,litecoin and monero. but you can be still stay holding bitcoin because the price is increasing and i think the price of bitcoin can be increase more soon..

Quote from: iram3130 on June 04, 2017, 02:03:22 PM

Quote from: eann014 on June 04, 2017, 01:10:12 PM

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

I think he's referring to just save and hold his bitcoin, well even if he's not referring to OP I think it still give credits to him, and just like you said that it is depend on the situation on your financial status if your going to sell or buy bitcoin, but my opinion is to just hold on to your bitcoin, because the price will definitely gonna rise anytime soon.

Quote from: KevinHansen on May 18, 2017, 03:16:19 PM

I have some bitcoins and found a secure way to keep them. What do I do with them now?

Please store it in a hardware wallet, then try to store your private key, this will keep your money safe forever. No one can steal it. Even 10 or 20 years, it is still yours. It seems like many people want to store bitcoin for the future, it can make a profit, but I prefer to use it to make more quick profits.