Bitcoin Forum
October 24, 2017, 12:29:13 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trying to be prudent with bitcoin  (Read 1015 times)
kanta
Jr. Member
*
Offline Offline

Activity: 31


View Profile
May 23, 2013, 02:11:11 PM
 #1

I'm not invested heavily into bitcoin, as it's just a curiosity for me, but I do want to maintain a small investment in it. To that end, I am just about to get my first whole btc, and although I am thinking of buying something with it, that would just instantly spend the btc that I have, so I wouldn't have any investment in it any longer. Is it prudent to- for example: decide on a btc purchase within the amount of BTC that I have, and then before buying whatever it is that catches my fancy, buy that many BTC so I still have my original BTC?
1508804953
Hero Member
*
Offline Offline

Posts: 1508804953

View Profile Personal Message (Offline)

Ignore
1508804953
Reply with quote  #2

1508804953
Report to moderator
1508804953
Hero Member
*
Offline Offline

Posts: 1508804953

View Profile Personal Message (Offline)

Ignore
1508804953
Reply with quote  #2

1508804953
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508804953
Hero Member
*
Offline Offline

Posts: 1508804953

View Profile Personal Message (Offline)

Ignore
1508804953
Reply with quote  #2

1508804953
Report to moderator
1508804953
Hero Member
*
Offline Offline

Posts: 1508804953

View Profile Personal Message (Offline)

Ignore
1508804953
Reply with quote  #2

1508804953
Report to moderator
djalexr
Member
**
Offline Offline

Activity: 104


View Profile
May 23, 2013, 02:21:23 PM
 #2

invest as much as you can afford to lose!

ScrapOfCat
Full Member
***
Offline Offline

Activity: 197


View Profile
May 24, 2013, 06:48:46 AM
 #3


Squander electricity on piffle: 1CLQajy22Z2n9YjZurFfPaKApcqsQa8BzK
The 4ner
aka newbitcoinqtuser
Hero Member
*****
Offline Offline

Activity: 532


R.I.P Silk Road 1.0


View Profile
May 24, 2013, 07:09:39 AM
 #4

Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.
xxjs
Sr. Member
****
Offline Offline

Activity: 280


View Profile
May 24, 2013, 07:12:28 AM
 #5

You don't have to be prudent.
ThatDGuy
Hero Member
*****
Offline Offline

Activity: 728



View Profile
May 24, 2013, 03:26:34 PM
 #6

Do whatever you like but just don't invest what you might regret later. Bitcoin is a gamble ATM.

Worth repeating.

Long-term, BTC has completely insane potential.  Short and mid-term? Be ready for a bumpy ride.
ukuna
Newbie
*
Offline Offline

Activity: 28



View Profile
May 24, 2013, 05:06:53 PM
 #7

always step by step... as for anything
WiW
Sr. Member
****
Offline Offline

Activity: 277


"The public is stupid, hence the public will pay"


View Profile
May 25, 2013, 04:02:03 PM
 #8

I have BTC put aside in paper wallets for savings (even if I wanted to use them, taking them out of the paper is a hassle Wink ).

On top of that, every once in a while I take all the paper money (or as I like to call it, monopoly money) change that I have in my wallet, convert them for BTC, and keep them on my phone. That way I always have some small change in BTC ready to spend. Between friends we settle small debts in BTC, buy eachother beer for BTC, etc. so I always have use for this pocket change.

tl;dr - If you want to have savings, put in savings. If you want to have spendable change, put in your phone. These do not contradict.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!