I have 12 Bitcoin. What should I do???

[Ch1bi]

I say invest maybe half a coin in alts/icos of your choice. Spread the rest in different wallets and let it grow because the price will just increase as time goes on.

[Loganemma]

Use half to invest in a lot of altcoins,  and hold the rest..

[FiiNALiZE]

I have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least.

My question is, what do I do now?

As far as I can see, I have 4 options;

1) Hold the Bitcoin

2) Invest in altcoins and leave a little in Bitcoin

3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.

4) Convert it to fiat (probably the dumbest idea)

Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea. I will earn my living of cryptocurrencies.

A few people have asked how I made my money so, if you are interested, here is a short summary:

Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams. Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.


Fill out this form and win 1 Ether - https://goo.gl/forms/win91V0u6mljlxHu2

If you have 12 Bitcoins, you should try to invest a single Bitcoin in Ethereum to make a few dollars on it.

[FrankNoland]

I have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least.

My question is, what do I do now?

As far as I can see, I have 4 options;

1) Hold the Bitcoin

2) Invest in altcoins and leave a little in Bitcoin

3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.

4) Convert it to fiat (probably the dumbest idea)

Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea. I will earn my living of cryptocurrencies.

A few people have asked how I made my money so, if you are interested, here is a short summary:

Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams. Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.


Fill out this form and win 1 Ether - https://goo.gl/forms/win91V0u6mljlxHu2

I personally don't think that you can start your own ICO with 12bitcoins, thinking of it, its too little for all the marketing purposes starting banner ads to signatures. I think the best to do now is to hold since bitcoin is currently skyrocketing significantly, and you might after some few years make some more profit, then you can consider starting your own project.

[Saifher]

Where did OP go? I'd love to hear his conclusion and what he did with the 12 bitcoins he had. This might be a thread we come back to read on the future depending on his results and Bitcoin's growth. Hopefully he won't forget to come back and tell his story

[MikuMiku]

try to invest some other coins with a small amount of bitcoins, I think if you are lucky, you can gain more bitcoins.

[sverrir]

Buy some masternode I would suggest. PM if you need help hosting it.

[CrypticGambit]

12 bitcoin is a lot! I wish I had 12 bitcoins. If you dont know what to do you can just give them to me and I will buy some nice cars with it! To be serious you should just hold it or sell.

[kevinzxz]

I suggest that some of the bitcoin you have invested in altcoin and ICO, to get a lot of profit, and the rest of the bitcoin in the hold just until the price increases again.

[VarDiff]

what would I do if I were you:

- 50% of BTC to hold
- 20% to altcoins from top-10 (choose any with a strong team and idea that you like)
- 20% to ICO (choose any with a good rating)
- 10% to risky investments (mining shitcoins, trading, BitConnect so on)

12 Bitcoins is a huge amount, last thing I would do is to leave my job

[zinok474]

i Think you must hold 8 or 10 BTC and the reamainign Bitcoins you can invest it to other promising coins, like Ether , or NEO. There are also some good ICO that will be launched, take a look at Envion seems really interesting. but anyway holding 8 or 10 BTC for a 1 year or 2 year period will minimallyy double or triple your money.

[bcnaranjo]

You can sell it ow or wait for 20,000USD price or even higher.

[Wildwest]

With 12 BTC you can buy altcoins to make your money doubled or maybe more. Because with that amount you can easily get big profit by buying or investing on Altcoins but it depends on Altcoin you investing in it must be good coin like Ethereum, Cardano, and also NEO.

[frankcai56]

sell them all and go away!!

[lvincent]

Well there's a really big risk if your holding that 12 bitcoin, but i think you're really good in trading that you made it that big just starting with a small amount how about you try to continue what you're doing since you're really good at it, the project seems good too since you're a programmer but i think it is a much bigger risk i mean if you make your own there's a 50/50 chance that it will succeed or not so better hold some of it and save some of it just in case.

[Wickedwitch28]

I suggest you hold your bitcoins because as you can see bitcoins value now is about 11k$. In you 12 bitcoin you must be one of the richest people. Of you want to invest just leave your bitcoin half of it so that if something bad happen with your decisions by selling some of your bitcoin, at least you still have one.

[oddwh]

I would say to put something like 33% on good alt-coins, such as Ether (the top ones).

This way, even if a flippening occurs, you'll not be scared to lose value.

And put around ~17% on promising project, but be extremely careful while chosing these : take your time, even if it takes months to select these, remember how much value you have on your portfolio  

Anyway currently, don't sell anything in fiat, even if a big correction could happen in the next months, I'm thinking this general uptrend could still last for years...

[Flickkk]

try to convert 50% of it to some altcoin like ethereum,
because i can sense that mid december BTC will fall.
then when btc falls try to buy it again using the 50% that you converted
into Eth.

so you will gain good profit from it.

[pikatju]

Yes definitely dont sell. Keep most in BTC and invest 1-2 in smaller coins.

[swieps]

My opinion is that you need to continue you're trading ability.Good Luck