klarki
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Merit: 4086
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December 10, 2017, 08:52:46 PM |
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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.
What purpose are you pursuing? You are not constrained financially? I would leave them for long-term investments. |
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dhas
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December 10, 2017, 08:56:04 PM |
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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.
For me its better to go for the first and second option that you have. You can hold it a little bit longer until the price of bitcoin increase and you are satisfy to the profit that your bitcoin produce. Or you can also put an investment in some trusted altcoin so you could have a variety of investment that make you have more income. |
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keyzersoze
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December 10, 2017, 09:00:31 PM |
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As your attorney, I advise you to invest at least 20k or 1-2 btc in Bitcore/BTX I promise, you won’t be disappointed  Great distribution plan, highly skilled and accessible devs and a community that is growing rapidly. https://bitcointalk.org/index.php?topic=1883902.7660 |
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bergenic
Newbie
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Activity: 42
Merit: 0
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December 10, 2017, 09:04:58 PM |
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As far as I can see, I have 4 options;
1) Hold the Bitcoin
....
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.
Go back to school and perform the option 1! |
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valeru.aver
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December 10, 2017, 09:14:32 PM |
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Hold the Bitcoin! it grows every day!
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Zentor
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Activity: 378
Merit: 12
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December 10, 2017, 09:14:45 PM |
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I hope that guy holded them all this time and now is enjoing 10x profit and bitcoin forks  |
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Jackblack90909
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December 10, 2017, 09:17:32 PM |
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12 Bitcoin is really huge. If you dont need to spend this amount actually your best decision would be holding it until the price go to the moon again. This amount could making you a millionaire in few years if the price keep increasing highly.
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oegarod
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December 10, 2017, 09:20:36 PM |
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If you're person who believe in the growth of bitcoin, it's good to sell when you find that the price is high and buy it back when the price drops as it is highly fluctuating in value. Another thing to do is hold, if you doesn't wish to take risk. Apart from this its good to keep some amount as long term holding asset and use the rest into different altcoins that seems to be growing.
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Londoonik
Newbie
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Activity: 28
Merit: 0
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December 10, 2017, 11:52:19 PM |
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i have about 0,15 bitcoin now. I hope my investments will pay off soon |
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uztre29
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December 11, 2017, 12:38:41 AM
Last edit: December 11, 2017, 12:51:56 AM by uztre29 |
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Whichever of the two, your first and second option, is a good idea. If you have decided to hold your 12 Bitcoins, you must have an offline wallet. It is not safe to store your Bitcoin in an online wallet. Since they are online, they are an easy target. But if you have decided to invest in Altcoins, you should wait until their price become cheap to maximize your profit.
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samy_voc
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December 11, 2017, 01:03:54 AM |
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Just don't do anything sit on Bitcoins and you will reap more profits.
If you still feel you need to diversify might be you can try 1 Btc to ETH and use that for alt coin trade. your BItcoin is the capital and i am pretty suyre it is going to do great in 2018 like 2017.
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QueenOfCrypto
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December 11, 2017, 01:16:50 AM |
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If you have bought your bitcoins when they were quite cheap to sell 1 is not such a dumb idea - you never know, sometimes Bitcoins's prices retraces even 90% lower that its top, if you look at historic records...
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Alaira
Jr. Member
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Activity: 252
Merit: 1
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December 11, 2017, 01:36:40 AM |
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Hold your bitcoin as long as you can.. wait until the price increase untill its max.. after that you can sell it.. you can be millionare..
But if you want to try something new you can sell 1 bitcoin and buy ETH or whatever you want.. goodluck mate
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darrly
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Activity: 165
Merit: 14
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December 11, 2017, 01:56:42 AM |
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Thats crazy. If you are really that good, then just keep doing what your doing. If you are going to do what you are currently planning then still hold btc and start by trying 1 btc at first.
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bitgangsta
Member
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Activity: 99
Merit: 10
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December 11, 2017, 01:58:15 AM |
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Honestly if I had 12 bitcoins I would just hold it.
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Yoshinoya
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December 11, 2017, 02:01:05 AM |
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You can hold your bitcoin it the price reach 10k usd. or you can investing some of you money at a token sales.
but best option is just hold your bitcoin until 2020.
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Gunpaycity
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Activity: 294
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December 11, 2017, 03:23:34 AM |
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if you have 12 bitcoins, just save the bitcoin and wait for the result of bitcoin we have
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v3liana
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December 11, 2017, 03:51:33 AM |
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i would recomend you to hold it till bitcoin price increase to $20k usd. bitcoin soon will recover. investing in altcoin is a good too if you expect a better profit. but it would be more risky.
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tmawheba
Member
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Activity: 154
Merit: 10
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December 11, 2017, 04:14:30 AM |
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It is happy to see such posts which give us the encouragement to motivate ourselves also. As you have a very practical strategy and it has been worked with you is a great one. My opinion you can wait for 50000 USD this milestone will be achieved before end of 2018 so bro just hold it you are going to rock.
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IOTA_THT
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December 11, 2017, 04:15:16 AM |
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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.
you shouldn't be asking strangers what to do with your money |
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