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Author Topic: 1Bitcoin as a gift from someone  (Read 16809 times)
LordDisick
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September 08, 2017, 02:34:23 AM
 #21

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 ill be given that big amount of bitcoin I'll definitely withdraw 40 percent of it so we can pay our loans and debts. Its been a burden in my family paying those every month but we dont have a choice since we badly needed money when I gave birth. I will hold the remaining 60 percent hoping it will get big returns in the future.
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September 08, 2017, 02:45:40 AM
 #22

i will sell some, and give something back to someone who give me, that is what called take and give, and save the rest then wait for the price to rise again. i think that is good thing to do

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September 08, 2017, 02:50:45 AM
 #23

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 im need of money on that point then im sure i would able to sell directly on those bitcoins specially if you dont have too much interest on it then you will do such thing since you wont really bother to keep it for long term but if you do know its usage and potential to the time it has been given to you then you will surely save up that bitcoin for long term since you do believe on its price increase on near future.

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September 08, 2017, 03:34:45 AM
 #24

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?

It would be a very happy day if someone can be inspired to have a good heart to share to me a big 1 BTC but I really doubt it if there can be anybody out there who will do it for me haha. Anyway, just in case there can be a big miracle and it will happen, I might keep it for one year and see how Bitcoin can be doing one year from now...and I would wish that its value would soon be getting into the $10K level...and then I will convert half of that to fiat money I can use for a small business and let the other half remain in my wallet (I must buy a physical wallet by then).

Now, I am begging for anyone who can read this response to please consider me in your list of possible beneficiaries of the 1BTC Raffle 2017 so I would have a chance to get a little bit rich through your generosity. I can even accept just a tenth of that amount...so that more can be beneficiaries. Just PM me and I would gladly share my BTC address to you. Thanks a lot.
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September 08, 2017, 03:40:24 AM
 #25

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 be so glad to have it and im not going to sell it or convert it into cast instead im going to hold it and keep it in my wallet because there is a big chance that It will increase more especially when the price of bitcoin pump. I will invest some of it so that when I got lucky i will get a profit but if not its okay because only few of it that Inwill put in investment so that i wont regret if i lose it.

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September 08, 2017, 03:41:58 AM
 #26

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.

Haha, don't take this the wrong way but you see it wrong. If you have money in your possession, you have full control to make the decision to spend or save you do in fact own money...by definition.

Understand the point you're trying to make, but you're still incorrect. Even though the utility of money is use as an exchange for goods or services, that remains true when you save money. You're acquiring more of that utility and increasing it's power as your balance grows.

You might be confusing the concept of "paper gains/losses", which doesn't apply to money but investments. Meaning that even if you've shown a gain on a statement you don't actually realize the gain until you sell.
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September 08, 2017, 03:47:09 AM
 #27

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 was a gift, then the purchase price was 0 dollars. unless you know how to trade, or are really on top of the news and think you can predict the trends based off of it, you will always do better to hold.

think years, not months.

if we pull up the historical btc price chart, it only really goes up ( the mt gox slide is protracted, but doesnt follow the general, undeniable uptrend. therefore, it seems like in this very bullish market, you would do well to simply hold the btc. at the very least, wait for us to regain 5k again. we will most likely surge past it (to be honest, wait for 7-10k)
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September 08, 2017, 04:03:07 AM
 #28

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?

No, I will not sell it right away because I believe that we are still on the early stages of cryptocurrency and bitcoin has a chance of rising more in value but maybe not. I have nothing to lose anyway because it was given to me and I don't have any outflows to have it. If I needed some fiat, then maybe I would convert some but ideally, the part left would be for long time investment. Since I am currently trading, I would add some as trading capital to grow more my bitcoin and maybe invest some in other altcoins too.

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alva 666
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September 08, 2017, 05:29:45 AM
 #29

i think only rich Arabian from Saudi Arabia will give it to me


when sell it because price now so high 4.600$
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September 08, 2017, 05:32:21 AM
 #30

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?

No, I will not sell it right away because I believe that we are still on the early stages of cryptocurrency and bitcoin has a chance of rising more in value but maybe not. I have nothing to lose anyway because it was given to me and I don't have any outflows to have it. If I needed some fiat, then maybe I would convert some but ideally, the part left would be for long time investment. Since I am currently trading, I would add some as trading capital to grow more my bitcoin and maybe invest some in other altcoins too.
I will be too glad to keep that gift for long. I doubt if there will be someone who will give me a btc since it seems that Im the only one who knows it in my friends circle and my family were just studying only it by now. It will take time before we can chieved to plenty btc to make it a gift for some.

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September 08, 2017, 05:44:23 AM
 #31

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 someone gives me an amount of 1 bitcoin, I will not convert it immediately else I will save and combined it with my future earnings. After that if I think my bitcoin has a high value and the bitcoin price is also high at the same time, I think that is the time to convert at least some of my money into cash. I am also thinking about using that money into trading but I am not sure about it. 1 bitcoin is not a joke and in my country it is a very big amount of money and the good thing is that bitcoin price is increasing maybe if I hold it until next month after receiving it, its price may double again.

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September 08, 2017, 05:51:56 AM
 #32

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?

Ofcourse I will keep it for next year because based on bitcoin graph , it's value always increase every year so I trust bitcoin as my current investation that replace my previous investment which is gold.
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September 08, 2017, 06:03:41 AM
 #33

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?
wow! if ever there is a good Samaritan would give 1 BTC, I will be glad to accept it of course. Then, what I'm gonna do with it I will hold em in a long long term, then once 10,000$ has reach the value price I will sell it immediately to become money of course.  Wink
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September 08, 2017, 06:12:14 AM
 #34

I will keep 1BTC because i believe in the long term potential of Bitcoin. I believe it could reach millions of dollars Grin. . If it gains value, great.
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September 08, 2017, 06:33:15 AM
 #35

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?
It really depends on the beholder tho, if he really needs money at that specific time then he should sell it right away because he will still benefit a lot from it. But if he does not need money at that time, then it is better to hold it in or if he is good at trading or investing he could try those things so that he could have more of that 1 btc that was given to him.
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September 08, 2017, 06:45:55 AM
 #36

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?

As it is just given and not earned then I will choose to keep it until 10 years maybe so I have a live investment instead of cashing out it away, 1 Bitcoin for now is so valuable that it will be more after how many years.

I choose to keep it because I already earning some fraction of bitcoin that can sustain my expenditure in life so there is no need for me to cash it right away, bitcoin have a future in potential growth.
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September 08, 2017, 06:53:57 AM
 #37

If someone will give me 1 bitcoin as a gift for any occasion like in my birthday then i will not sell it or just hold it for long term because i will use it to trade different types of altcoins in the market that will help me to grow that 1 bitcoin and make it a bigger amount of bitcoins which i can start saving and selling some of them for profit and future purposes.
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September 08, 2017, 06:54:36 AM
 #38

Well, For me 1 Bitcoin is big amount,getting as a gift. I would hold it for long, it will  certainly give us a very  price just by holding it. Price will be definitely unimaginable in coming years.

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September 08, 2017, 07:04:58 AM
 #39

Although it's impossible for me, well.. but if i get 1 btc from someone, maybe i will sell it soon but i'm waiting for the interesting price and higher from now. Honestly i really hope there is someone who will give me a 1 btc gift, it will be history in my most joyous life.

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September 08, 2017, 07:07:37 AM
 #40

Why there is a condition that a BTC was given by someone? I think in either way people will just hold it.
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