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Author Topic: 1Bitcoin as a gift from someone  (Read 16261 times)
Glorious04
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September 07, 2017, 09:03:02 PM
Merited by Chikitita2004 (10)
 #1

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

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Shikaina
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September 07, 2017, 09:10:53 PM
 #2

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

If it is mine i will hold it till the price gets double or triple of its price now. Or just hold it as an asset.
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September 07, 2017, 09:22:00 PM
 #3

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

I would hold it. The way I see it is that regardless of how much bitcoin you have, you don't actually own money that you can use until:

1) you convert the bitcoin to USD or whatever usable currency there is in your country
or
2) Bitcoin becomes so widely accepted that it can be used anywhere.

So, when you're given a gift, you don't have anything to lose -- you're not in the negative by buying that bitcoin or by losing it. You're technically only in the positive. For that reason, and because I feel that bitcoin has time to blossom even more, I would hold. I would also make sure to be cautious about drops though.

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September 07, 2017, 09:31:11 PM
 #4

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
for me 1 bitcoin is a very large amount and if I receive a one bitcoin gift from someone very unexpectedly, I will immediately sell half of it and half of it will I use for other purposes in crypto like investing and trading for example. but it would not be possible, seeing the very high bitcoin prices I think people not will give 1 bitcoin easily.
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September 07, 2017, 09:31:59 PM
 #5

I'd cash out 0,05BTC just for giggles. Btw, 0,05 is enough these days to fund a small trip abroad!

Anyways, I'd put 0,5BTC in my personal wallet and keep it there for at least a couple of years. I would use the remaining 0,45BTC for trading activities and divert the funds over at least five different coins.
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September 07, 2017, 10:11:19 PM
 #6

If I were to receive 1 bitcoin right now I would remove maybe .2 bitcoin to fund a few trips etc and a bit of relaxation whilst investing the other .8btc, I would be looking to hold btc and also invest in projects such as neo and ark! If they do well in the first months I might even plan a few more trips. oh to dream  Grin

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September 07, 2017, 10:25:51 PM
 #7

If ever someone will unexpectedly gift me 1 Bitcoin, yes i will withdraw it right away and convert it with cash because that would be enough for the operation the hernia of my son, after the operation that will be the time i will compose a thread here to look and say thank you to the person who sent the 1 Bitcoin.

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September 07, 2017, 11:04:22 PM
 #8

If I ever someone would give me a gift of 1bitcoin definitely I would be happy. I will cashout little to spend for my family and some of it I will hold for a good profit. I wil hold for a long term investment as the price may increase and I can earn huge profit.


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bettercrypto
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September 07, 2017, 11:09:00 PM
 #9

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

Depends on the situation.  If i need cash they I will convert it to cash according to how much I needed.  I cannot use Bitcoin to buy my basic needs, I have to convert it.  And if I do not need to convert it then, I will just hold it or possibly invest it in an altcoin trade to try my trading skill and earn more bitcoin.
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September 07, 2017, 11:16:40 PM
 #10

invest it of course, you can get the best out of your money if you let it earn so investing it would be good. That way while waiting for bitcoin to increase its price again, your money is also earning some profit through investment.

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September 07, 2017, 11:21:31 PM
 #11

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

I convert 0.3BTC into ether. And keep this for 6 months as a long term trade.

I hold 0.3BTC in my wallet. I never cash it out before $10k clearly.

I use 0.4BTC on day trading, this would generate me some income every week.
Indrawan77
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September 07, 2017, 11:23:54 PM
 #12

I will definitely hold it, 1 bitcoin now is worth $4500 but in the next month it can be $5000 if I hold it longer it maybe can reach $10k, so the longer I hold the better the value will be, it can be a great investment for me
I prefer to just hold it not to invest it, the sites nowadays is full with scammer so I like to play safe

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wildflower18
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September 07, 2017, 11:33:04 PM
 #13

1 bitcoin as a gift from someone for sure I will invest it into bitcoin and altcoin. Where as I can earn huge profit for investing as my money will grow. Bitcoin price may increase in the upcoming years so I think holding is the best I can do.

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john2231
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September 07, 2017, 11:39:45 PM
 #14

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
I think for me i will keep holding and only 10% i will be spend for something and 60% is for trading bitcoin to fiat since we do not know when the price will increase and decrease better to trade your 1 bitcoin is enough to make a good profit in trading but you should not to sell them all or trade them all just few percentage to sell if you made a profit the current price and sell again if the price is continues to increase just few percentage and sell them again if the price increases just don't sell them all because we do not know if the price continue to increase or not..
But bitcoins if the price was decrease a lot and sell again if the price was increase again with good profit..

Bull Market is coming....
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September 07, 2017, 11:44:55 PM
 #15

If I was ever given such a perfect gift; I will split it.
60% of it will be Bitcoin; I will invest it by holding it till the price top high then sell it.
Then the remaining 40% will be used in buying Ethereum; like bitcoin, I will also hold it till the price is high, then I sell them.
Its a double win  Wink
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September 08, 2017, 12:04:39 AM
 #16

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
Well it is unexpected for me if i will receive 1 bitcoin from someone. If i received that kind of gift, i will not spend it right away. I will invest it and make it more bigger. And after i earn a lot from it, maybe i can also give back 1B or higher to that person who gave me an opportunity to earn more bitcoins.

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September 08, 2017, 12:11:04 AM
 #17

With the current price getting a coin as gift is simply big. In the past days when the price was around $450 I saw my friend receiving a single bitcoin as a gift. During those days I was not a bitcoin user, thinking those days at present makes me realize how I missed those days.

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September 08, 2017, 12:17:40 AM
 #18

I know price of bitcoins now likely worth, but that is all depends how my situation now. For while may I've enough of money. so possibly I will keep them.  Wink Believe me keep money or asset with bitcoin are good things.

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September 08, 2017, 12:52:36 AM
 #19

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?

I think I would keep as BTC the USD value that the coin represented when it was gifted to me.  As the coin appreciates in value, I would sell small portions of the coin (to keep the fraction worth around the same as the 1 BTC value was originally) and invest in some solid altcoins.

In other words, keep the principal, diversify with the gains.

But then again, all of this could change and should be reevaluated if market conditions warrant adjustment.

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September 08, 2017, 01:33:13 AM
 #20

If you be given a gift of 1BTC by someone and for you this amount is already something you did not expect. Will you sell your bitcoin right away and convert it into cash or just keep it for a better price to come or invest it or what?
I will choose the latter, it's a gift that's why i should keep it and make sure that the price will be the highest before converting it into cash, and i think it's really impossible to received such a big amount, well nothing is impossible though it may happen to me , i just hope it will happen soon.
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